Codub Successfully Delivers Comprehensive IT Landscape Review for the Asset Management Corporation of Nigeria (AMCON) – January 2025

Codub has successfully completed a strategic IT Landscape Review and Infrastructure Gap Analysis for the Asset Management Corporation of Nigeria (AMCON), delivering a roadmap that positions the organisation for improved operational efficiency, security, and long-term digital transformation.

Commissioned by AMCON, the review was initiated to assess the current state of its IT infrastructure and applications as part of the ongoing shift to a cloud-based operating model. Codub’s approach combined deep technical evaluation with strategic alignment to AMCON’s business objectives, with a focus on enhancing resilience, security, and scalability.

A Structured and Strategic Approach

The review included comprehensive audits of AMCON’s infrastructure, application portfolio, cybersecurity framework, and IT service management practices. Codub worked closely with key stakeholders — including the Executive Directors, Heads of Departments, IT personnel, and application owners — to gather relevant data through documentation reviews, system assessments, and stakeholder interviews.

Key activities included:

• Infrastructure Evaluation: Analysis of physical and virtual assets, network performance, and hardware lifecycle status to determine cloud readiness.
• Application Portfolio Review: Assessment of the business criticality and cloud readiness of core applications, highlighting replatforming or replacement needs.
• Security and Compliance Review: Detailed examination of AMCON’s identity and access controls, data protection measures, and alignment with regulatory requirements.
• IT Service Management Review: Evaluation of current ITSM processes using best practice frameworks such as ITIL, NIST, and COBIT.
• Skills and Capacity Assessment: Identification of training and staffing gaps in cloud technology, cybersecurity, and application management.

Benchmarking Against Global Peers and Industry Standards

As part of its methodology, Codub benchmarked AMCON’s operations against similar institutions worldwide, including NAMA (Ireland), SAREB (Spain), FDIC (USA), and UKAR (UK). This comparative analysis provided AMCON with insights into international best practices in asset recovery and crisis management.

Additionally, Codub evaluated AMCON’s IT governance against global standards such as ISO 27001 (Information Security), ISO 20000 (IT Service Management), and ISO 22301 (Business Continuity), providing a clear framework for compliance and continuous improvement.

Actionable Outcomes and Strategic Roadmap

Codub delivered a comprehensive final report detailing key findings, associated risks, and actionable recommendations. These include a phased IT modernisation roadmap with clearly defined milestones, budget considerations, and quick wins for early impact.

The review has laid the foundation for AMCON’s transformation into a more agile, secure, and scalable organisation, enabling a smooth transition to a future-proof, cloud-based infrastructure.

About Codub
CODUB Group is a British multinational holding company and our business and trading activities date back to 2002. Our headquarters are in the UK with liaison offices in Abuja and Lagos. We are a professional services firm with expertise in asset management, digital transformation, infrastructure consulting, and enterprise IT advisory. With clients across the UK, Africa, and beyond, Codub delivers high-impact consulting services tailored to help organisations improve performance, manage risk, and achieve sustainable growth.

About AMCON

Asset Management Corporation of Nigeria (AMCON) is one of the foremost organisations in Nigeria and was established in 2010 to be a key stabilizing and re-vitalizing tool aimed at reviving the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy. AMCON controls over $7 billion worth of assets including airlines like Arik Air and Aero Contractors.