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).

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…

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.

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.

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).

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.

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.

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.

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.

Think-tank group in the aviation sector, Aviation Safety Round Table Initiative (ASRTI), has flayed local airlines for incessant flight delays, and abysmal treatment of customers.