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Asset Management Corporation of Nigeria (AMCON) is a body established by the Act of the National Assembly of Nigeria in July 2010 with an intended 10 years lifespan. The concept is in consonance with the operation of the National Asset Management Agency of the Republic of Ireland and Malaysia Pengurusan Danaharta . [ 1 ]
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As of September 2013, all the assets of Enterprise Bank Limited were 100% owned by Asset Management Company of Nigeria (AMCON), a subsidiary of the Federal Government of Nigeria. In 2015, Heritage Banking Company Limited acquired Enterprise Bank after making an investment of ₦56 billion.
A related term sealing current (aka wetting current or fritting current) is widely used in the telecommunication industry describing a small constant DC current (typically 1-20 mA) in copper wire loops in order to avoid contact oxidation of contacts and splices.
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