The management of Aero Contractors, one of the two indigenous airlines under the receivership of Asset Management Corporation of Nigeria (AMCON) has been accused of mismanagement of the airline’s meagre resources. The airline was also accused of non-payment of redundant…
The Assets Management Corporation of Nigeria (AMCON) has advised the Chairman of Arik Air, Johnson Arumemi-Ikide, to present a reasonable debt recovery plan in order to recover the airline. The Managing Director of AMCON, Mr Ahmed Kuru, gave the advice…
The National Association of Aircraft Pilots and Engineers (NAAPE) led by Engineer Mudi Muhammad during the week urged the Asset Management Corporation of Nigeria (AMCON) to continue the execution of its interventionist strategy that would ensure the survival of Arik…
The leadership of the National Association of Aircraft Pilots and Engineers (NAAPE) led by Engineer Mudi Muhammad on Tuesday called on Management of Asset Management Corporation of Nigeria (AMCON) to ignore all manners of distractions from ill-informed critics, and continue the execution…
The House of Representative has threatened to invoke its constitutional power on IPPIS, Budget Office and the Assets Management Company of Nigeria (AMCON) over failure to appear before it. The threat was made by Rep. Yusuf Gagdi, Chairman, ad hoc…
The Federal High Court (FHC) has refuted a report that the Asset Management Corporation of Nigeria (AMCON) and Nigerian Financial Intelligence Unit (NFIU) funded the training of its judges in London. The Chief Registrar (CR) of FHC, Sulaiman Hassan, made…
The Asset Management Corporation of Nigeria (‘AMCON’) and the Nigerian Financial Intelligence Unit (‘NFIU’) have again been described as some of the two most important and indispensable agencies of the federal government of Nigeria especially as it relates to the…
The Court of Appeal Lagos State Division has dismissed an appeal brought before it by Barrister Jimoh Ibrahim, the chairman of Global Fleet Group who is challenging the seizure of 12 of his assets by the Asset Management Corporation of…
For the umpteenth time, the Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON) Mr Ahmed Lawan Kuru has reminded stakeholders to view the AMCON recovery mandate as one of serious national importance in the federal republic of Nigeria. Kuru made…
Following an order of Honourable Justice I. N. Buba of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over a huge indebtedness of over N2billion. Recall…
