Bulk Pack Services Limited, a beverage package
manufacturer and supplier owned by Alhaji Sani
Dangote, the younger brother of Alhaji Aliko
Dangote, was taken over by Asset Management
Corporation of Nigeria (AMCON) yesterday as
part of the corporation’s recovery efforts.
The Receiver, Mr. Urua Essien, confirmed that he
took effective control of the company following
the failure of the company to repay their
outstanding debt.
“The Receiver immediately sealed off the premises
of the company located at Dangote Regional
Office, Oluwole Ladipo Street, Off Oba Akran, Ikeja,
Lagos,” according to a statement yesterday.
Bulk Pack Services Limited, which is affiliated to
Dangote Group specialises in the manufacturing
and supply of packages for major beverage
companies like Dansa Foods Limited.
Dangote Group is a multinational industrial
conglomerate in West Africa and one of the
largest in the African continent. In 2015, the
group generated revenue in excess of $3billion. It
is the leading diversified business conglomerate in
Africa with interests across in range of sectors in
Africa including cement, sugar, flour, salt, pasta,
beverages and real estate.


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it seems FG is on recovery process on all front… May be we may not need loan to fund 016 budget.

AMCON on the RISE

THANK GOD FOR BUHARI

Every sincere Nigerians whether PDP or APC or any other party should be happy about this news....remember I used the word "sincere"....i know some wailers will soon come and start vomitting on the thread..wailing is their hobby..

Nigeria is a terrible country...Amcon was created to assist big businesses manage their bad debts, and bounce back, but what eventually happened, it became another big SCAM. Imagine, making the brother of David Mark the former chairman of AMCON under GEJ. Billions of bailout funds went into thin air, all of them, unaccounted for. Even an organization as profitable as Dangote, Silverbird, NICON Insurance, Air Nigeria and the likes took loans, loans they never needed and poured into personal accounts. Imagine Jimoh Ibrahim collecting $500million and heading straight to Dubai to buy a building worth the same amount within a month, and no one even asked any question. When the US bailed out the American big and small businesses during the melt down with tax payers money, the US ended up making an extra profit of over $15billion.
Our billions dont even remember they collected loans. Instead they wanted GEJ to win so the loan can be written off. Useless country
http://money.cnn.com/2014/12/19/news/companies/government-bailouts-end/

I really pity PDP supporters,they're a bunch of shameless touts, some hours ago they were screaming witchhunting,when their twitter lion's business was taken over.

Who went to wake this sleeping beast?