AMCON
1 day ago
The National Union of Air Transport Employees (NUATE) has petitioned the Minister of Aviation, Festus Keyamo, over what it called mismanagement of assets belonging to Aero Contractors by the Asset Management Corporation of Nigeria (AMCON) . The immediate past General Secretary of the union, Olayinka Abioye, in an open letter to the Minister dated September…
22 Sep
Ahmed Kuru is the Managing Director of Asset Management Corporation of Nigeria (AMCON), a bad debt recovery agency of the Federal Government. Amid controversies on AMCON’s recovery strategy in the aviation sector, Kuru spoke with WOLE OYEBADE and GEOFF IYATSE on the fate of embattled airlines, among several others, ahead of AMCON’s 2025 sunset deadline.…
10 Aug
For failing to appear before it in an ongoing job racketeering probe, the House of Representatives, yesterday, threatened to invoke its constitutional power on the Budget Office and the Assets Management Company of Nigeria (AMCON0).
9 Aug
Investigation into the job racketeering saga will continue on Thursday after the House of Representatives threatened to invoke its constitutional power on the Integrated Payroll and Personnel Information System (IPPIS), the Budget Office and the Assets Management Company of Nigeria (AMCON). The House of Reps issued this threat to IPPIS, the Budget Office and AMCON…
7 Aug
The authority of the Federal High Court of Nigeria has clarified that the yearly training of its judges in London was neither at the instance of the Asset Management Corporation of Nigeria (AMCON) nor funded by the organisation.
18 Jul
The pending court hearing notwithstanding, Asset Management Corporation of Nigeria (AMCON) has hinted on plans to withdraw from ownership and operations of embattled Arik Air.
20 Jun
There has been a war of words between the Arik Air management and its shareholders over alleged N120 billion fraud and attendant investigation by the Economic and Financial Crimes Commission (EFCC).
15 Jun
Fresh facts have emerged in the conflict of interest between the shareholders of Arik Air and the Asset Management Corporation of Nigeria (AMCON), with the latter showing evidence of failed attempts to return the airline to its founder.
9 Jun
Crisis rocking the erstwhile biggest airline in West and Central Africa, Arik Air, took another turn this week following the sale of one of its assets – a CRJ 1000 aircraft with registration number 5N-JEE.
25 May
Nigerians from all walks of life should applaud The Guardian for its Editorial on May 22, 2023 (page 12). It exposed the shameless abdication of AMCON’s Chief executive, who had no qualms with reducing his role to that of a mere bystander, blaming an organisation’s astronomically dismal performance on everyone else but AMCON itself.
22 May
All things, either good or bad, must come to an end in due season. The fate of the Asset Management Corporation of Nigeria (AMCON) is no exception.
Latest
10 mins ago
Leaders and Elders Forum of the All Progressive Congress (APC) in Delta have commended President Bola Tinubu over subsidy removal palliatives to the state and Nigeria at large. This is contained in a communique jointly signed by the forum’s Chairman, Chief Godwin Ogbetuo, and others at the end of its meeting on Friday in Asaba.…
14 mins ago
The Special Military Taskforce, Operation Safe Haven (OPSH), maintaining peace in Plateau and parts of Bauchi and Kaduna States, have arrested suspected killers of Na’aman Stephen, a Catholic seminarian. Capt. James Oya, the Media Officer of OPSH disclosed this while addressing newsmen on Friday in Jos. The News Agency of Nigeria (NAN) reports that gunmen…
1 hour ago
The wife of Gabon's ousted president Ali Bongo Ondimba has been charged with "money laundering" and other offences, the public prosecutor said Friday, a month after a coup toppled her husband. Sylvia Bongo Ondimba Valentin, who is Franco-Gabonese, and one of the couple's sons have been accused by the coup leader of having pulled the…
1 hour ago
More and more children are contacting criminal gangs in Sweden to offer their services as contract killers, the country's police chief said Friday, after three people were murdered in 24 hours. The Scandinavian country has in recent years been in the grip of a bloody conflict between gangs fighting over arms and drug trafficking. That…
2 hours ago
.Says commission secured 5,473 convictions in less than 2yrs .Inducts 332 Detective Assistant Cadet Acting Chairman, Economic and Financial Crimes Commission, (EFCC) Abdulkarim Ckukkol Friday offered an insight into how the anti-graft agency has managed to erase the odious image of Nigeria as a 419 hub. Chukkol gave the explanation on the occasion of the…
2 hours ago
The United States and Mexico starting Friday will hold two top-level meetings in less than a week as the neighbors face growing pressure over migration and drug smuggling. Secretary of State Antony Blinken and top US trade officials are holding talks Friday in Washington with Mexican Foreign Secretary Alicia Barcena and commercial officials that will…
2 hours ago
Road Transport Employers Association of Nigeria (RTEAN) has vowed to reform the transport sector and tackle all forms of thuggery around motor parks. President of RTEAN, Musa Maitakobi, stated this, Friday, shortly after presenting certificates of attendance to 17 RTEAN members who completed a strategic leadership, ethics and policy making training at the National Institute…
2 hours ago
An Italian man, Filippo Ferlazzo, has been sentenced to 24 years in prison for killing a Nigerian citizen in Italy, Alika Ogorchukwu.
2 hours ago
Minister of Solid Minerals Development, Dr. Oladele Alake, on Friday, said that Nigeria solid minerals is endowed with abundance as a resurrection tool to revamp the nation’s economy. He affirmed that the present administration is shifting attention from hydro-carbon. Alake made this disclosed this in Abuja, while receiving the Association of Licensed Small-Scale Miners, led…
2 hours ago
Following the series of inquiries over the death of Nigerian musician Mohbad, SamLarry whose name has since popped up has alleged "I know nothing about how the musician died". Lagos socialite Balogun Olamilekan Eletu popularly known as SamLarry was picked up by the Nigerian Police in their ongoing investigation into the death of Mohbad a…