AMCON
24 Jan
The Minister of Aviation and Aerospace Development, Festus Keyamo, has been championing essential air transport interventions to assure the safety of stakeholders’ investments.
21 Jan
In a rekindled bickering over the airline's financial status, the Asset Management Corporation of Nigeria (AMCON) and Arik Air shareholders have traded fresh accusations over the embattled airline's debt of over N455 billion.
21 Jan
The Economic and Financial Crimes Commission (EFCC) has arraigned a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others for allegedly defrauding Arik Airline
20 Jan
The Economic and Financial Crimes Commission (EFCC) has arraigned the Former Managing Director of Assets Management Cooperation of Nigeria (AMCON), Ahmed Kuru, and four others for allegedly defrauding Arik Airline N76 billion and $31.5 million, respectively. Kuru and other defendants were arraigned before Justice Mojisola Dada of a Lagos Special Offences Court, Ikeja. Other defendants…
13 Dec
Justice Mojisola Dada of a Lagos Special Offences Court, Ikeja has set aside a bench warrant issued against the former Managing Director of Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, in the alleged Arik Airline’s N76 billion and $31.5 million fraud.
6 Dec
Asset Management Corporation of Nigeria (AMCON) has taken Aero Contractors back to profitability following its takeover of the management of the airline in 2016. The takeover led to the dissolution of its board and the subsequent appointment of a manager to run it in an interim capacity. Against the backdrop, the incumbent management said the…
3 Dec
Justice Mojisola Dada of a Lagos Special Offences Court, Ikeja, has ordered the arrest of the former Managing Director of Asset Management Corporation of Nigeria (AMCON), Ahmed Lawal Kuru, for his absence in court for his arraignment over alleged N76 billion fraud. The court had scheduled Tuesday for Kuru's arraignment along with the Managing Director…
3 Dec
Chief Judge (CJ) of the Federal High Court, Justice John Tsoho, has said the court carried over 152,469 cases from the previous year.
25 Nov
The Managing Director and CEO of Asset Management Corporation of Nigeria (AMCON), Gbenga Alade, has urged the judiciary to expedite the adjudication of asset-recovering cases within the 60 to 90-day timeframe stipulated by the Act.
7 Nov
The Asset Management Corporation of Nigeria (AMCON) said it has discontinued its litigation against Heyden Petroleum Limited.
1 Oct
Justice Daniel Osiagor of the Federal High Court, Lagos, has formally discharged the Managing Director of PC Outlet Limited Company, Mr Onyema Okonjo from any outstanding debt obligations to the Asset Management Corporation of Nigeria (AMCON).
27 Aug
The Asset Management Corporation of Nigeria (AMCON) may merge Arik Air and Aero Contractors and convert them into a national carrier, according to AMCON Managing Director/CEO, Gbenga Alade. Speaking at an interactive session in Lagos on Monday, Alade noted that both airlines owe significant sums that they are unlikely to repay. Alade explained that AMCON…