The Asset Management Corporation of Nigeria (AMCON) has taken over the assets of Daily Times Nigeria Plc, a media establishment. According to a statement signed by Jude Nwauzor, AMCON spokesman, Gbenga Fakoya took over the assets on behalf of AMCON on Monday. The federal government owned 96.05 percent shares of Daily Times before it was sold to Folio Communications Limited in 2004 during the Olusegun Obasanjo-led administration. The statement said Folio Communications Limited, owned by Fidelis Anosike and Noel Anosike tendered a bid confirmed by the Bureau for Public Enterprises…
Read MoreAMCON TAKES OVER DAILY TIMES
