The Management Of Banks And The Right Of Shareholders Under The Asset Management Corporation Of Nigeria

  The Asset management corporation of Nigeria Act seeks to establish the Asset Management Corporation of Nigeria for the purpose of efficiently resolving the non – performing loan assets of banks in Nigeria and for related matters. Within the years under review of this study, the banking industry, as well as Nigeria economy was characterized by unprecedented financial and economic crisis, which led to the effect of the crisis of the stock market collapsed by 70 percent in 2008 – 2009 and many Nigerian banks sustained huge losses, particularly as a result of their exposure to the capital market…