The Asset Management Corporation of Nigeria (AMCON) Act plays a pivotal role in addressing non-performing loans and revitalizing the Nigerian financial sector. It establishes AMCON as a specialized institution tasked with acquiring and managing distressed assets of banks and other financial institutions. The Act outlines AMCON’s powers, including the ability to purchase non-performing loans and other troubled assets, as well as its mandate to restructure or dispose of these assets to recover value. Additionally, the Act provides for the governance and management structure of AMCON, specifying its board composition, operational guidelines, and reporting requirements. By providing a legal framework for the resolution of distressed assets, the AMCON Act aims to stabilize the financial sector, protect depositors’ funds, and promote economic stability in Nigeria.