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Tag "AMCON"

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 initial owner, Johnson Arumemi-Ikhide, and the Asset Management Company of

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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 (AMCON) are “patently false”. On Saturday, media reports had said the

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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 diligent in the recovery of debts valued at N4 trillion.

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AMCON takes over Glano Nigeria’s assets over N2.4bn debt

    AMCON takes over Glano Nigeria’s assets over N2.4bn debt

The Asset Management Corporation of Nigeria (AMCON) says it has taken possession of assets belonging to Glano Nigeria Limited over an indebtedness valued at N2.4 billion. In a statement on

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AMCON clarifies court judgement on receivership over Arik Air

  AMCON clarifies court judgement on receivership over Arik Air

The Asset Management Corporation of Nigeria (AMCON) has provided clarification to a recent court ruling on the receiver/manager appointment of

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Court restrains AMCON from selling IBEDC

  Court restrains AMCON from selling IBEDC

The federal high court in Lagos has restrained the Asset Management Corporation of Nigeria (AMCON) from selling the Ibadan Electricity

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AMCON, NDDC, NEDC and other errors

  AMCON, NDDC, NEDC and other errors

Two years ago, when Senator Uba Sani, the governorship candidate of the All Progressives Congress (APC) in Kaduna state, pushed

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AMCON hands over Standard Shoe Company Limited to Imo government

  AMCON hands over Standard Shoe Company Limited to Imo government

Asset Management Corporation of Nigeria (AMCON) says it has handed over Standard Shoe Company Limited (SSCL), a footwear manufacturing factory,

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‘N69.4bn debt’: Court orders stay of contempt proceedings by Jimoh Ibrahim against AMCON

  ‘N69.4bn debt’: Court orders stay of contempt proceedings by Jimoh Ibrahim against AMCON

The court of appeal sitting in Abuja has ordered a stay of contempt proceedings initiated by Jimoh Ibrahim, a Nigerian

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NG Eagle incurs $53.4m loss as NCAA refuses to grant operating licence

  NG Eagle incurs $53.4m loss as NCAA refuses to grant operating licence

The Asset Management Corporation of Nigeria (AMCON) has incurred about $53 million (N22.19 billion) loss as cost implications over uncertainties

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