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Tag "AMCON"

N135bn debt: Court strikes out AMCON’s case against Ifeanyi Ubah

    N135bn debt: Court strikes out AMCON’s case against Ifeanyi Ubah

The criminal charge filed by the Asset Management Corporation of Nigeria (AMCON) against Ifeanyi Ubah and his company, Capital Oil and Gas Limited, has been dismissed by the federal high

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Facts of indebtedness of Johnson Arumemi-Ikhide/Arik to AMCON

    Facts of indebtedness of Johnson Arumemi-Ikhide/Arik to AMCON

The Asset Management Corporation of Nigeria (“AMCON” or “Corporation) has become aware of a recent newspaper article written by Sir Johnson Arumemi-Ikide and published in ThisDay Newspaper on September 27,

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‘Patently false’ — Arik Air denies allegations of paying ‘$40m duty waiver’ to customs

    ‘Patently false’ — Arik Air denies allegations of paying ‘$40m duty waiver’ to customs

Arik Air has denied allegations of paying $40 million duty waivers to the Nigeria Customs Service (NCS) as well as the illegal sales of three aircraft. A recent report had

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AMCON to Arik Air: We’re ready to sit down if a reasonable resolution plan is presented

    AMCON to Arik Air: We’re ready to sit down if a reasonable resolution plan is presented

The Asset Management Corporation of Nigeria (AMCON) says it is ready to sit down with the owners of Arik Air if a reasonable debt resolution plan is presented. Ahmed Kuru,

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‘Don’t let Arik die’ — pilots, engineers beg AMCON to prevent collapse of airline

  ‘Don’t let Arik die’ — pilots, engineers beg AMCON to prevent collapse of airline

The National Association of Aircraft Pilots and Engineers (NAAPE) has appealed to the Asset Management Corporation of Nigeria (AMCON) to

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Job racketeering: Reps panel mull arrest warrant as AMCON, budget office ignore summon

  Job racketeering: Reps panel mull arrest warrant as AMCON, budget office ignore summon

The house of representatives has threatened to issue an arrest warrant on three government agencies over failure to appear before

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Ahmed Kuru: AMCON has recovered N1.6trn debt since its inception

  Ahmed Kuru: AMCON has recovered N1.6trn debt since its inception

Ahmed Kuru, managing director of the Asset Management Corporation of Nigeria (AMCON), says the corporation has made recoveries of about

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Arik was ‘technically insolvent’ before AMCON intervention

  Arik was ‘technically insolvent’ before AMCON intervention

BY TOMI OLAWEPO Arik Air is in the news again; this time, it appears that the ongoing dispute between the

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‘Patently false’ – Arik Air debunks N120bn fraud allegation against AMCON official

  ‘Patently false’ – Arik Air debunks N120bn fraud allegation against AMCON official

Arik Air Limited says the N120 billion fraud allegations against its receiver manager appointed by Asset Management Corporation of Nigeria

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‘Don’t allow people escape with our commonwealth’ — AMCON engages lawyers to recover N4trn debt

  ‘Don’t allow people escape with our commonwealth’ — AMCON engages lawyers to recover N4trn debt

Ahmed Kuru, managing director and chief executive officer (CEO) of Asset Management Corporation of Nigeria (AMCON), has urged stakeholders to be

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