TheNewsGuru

Tag: AMCON

  • We recovered N134bn in 2016 – AMCON

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    by

    Olaotan Falade
    in ,

    The Asset Management Corporation of Nigeria (AMCON) has said it recovered N134 billion in 2016. This was revealed by the Managing Director/Chief Executive Officer of AMCON, Mr Ahmed Kuru. Kuru said at a news conference in Lagos on Friday that N86.9 billion was from cash collections while N30.64 billion came from assets forfeiture. He said…

  • Again, AMCON takes over OAS Helicopters

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    Olaotan Falade
    in , ,

      The Assets Management Corporation of Nigeria, AMCON has again taken possession of a private helicopter services company, Odengene Air-Shuttle Services Limited (OAS). TheNewsGuru.com reports that the development is coming barely five days after AMCON took over Arik Air as a result of its lingering crisis, Investigations however revealed that the take over was effected…

  • Arik: Senate summons AMCON boss, to appear today

    Arik: Senate summons AMCON boss, to appear today

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    by

    Femi Ajasa
    in

    Following the take-over of the management of Arik Air by the Federal Government, the Senate has summoned the management of Asset Management Corporation of Nigeria, AMCON. This came as the airline’s new management announced suspension of flights to London and South Africa to focus on domestic and West African operations. In a notice signed by…

  • We need over N10bn to fix rot in Arik Air – AMCON

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    Olaotan Falade
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    …seeks understanding of Nigerians as there might be inconveniences in coming weeks The Asset Management Corporation of Nigeria (AMCON) on Sunday said Arik Air is deeply rooted in controversies that might take a while to resolve. AMCON also said it would require over N10 billion to fix the rot before the airline could resume full…

  • More facts on AMCON’s aquisition of Arik Air

    More facts on AMCON’s aquisition of Arik Air

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    by

    Femi Ajasa
    in , ,

    The Asset Management Corporation of Nigeria,yesterday took over the operations of, Arik Air, and appointed Capt. Roy Ukpebo Ilegbodu as its new manager. TheNewsGuru.com gathered that the embattled airline was indebted to alone to the tune of over N300bn, with AMCON alone owed N135bn. Officials of the aviation arm of the Federal Ministry of Transportation…

  • We’ll challenge AMCON’s takeover of Arik Air – Management

    We’ll challenge AMCON’s takeover of Arik Air – Management

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    by

    Olaotan Falade
    in ,

    The management of Arik Air on Thursday said it would challenge the taking over of the airline by the Assets Management Company of Nigeria (AMCON) in court. Capt. Ado Sanusi, Senior Vice President, Arik Air made the disclosure at a joint news briefing with the newly appointed receiver Manager, Mr Oluseye Opasanya (SAN) and the…