Tag: AMCON
Bismarck Rewane to Speak at 2025 LAAC Conference
The League of Airport and Aviation Correspondents (LAAC) has confirmed Mr Bismarck Rewane as a keynote speaker for its 29th annual event. Rewane, Managing...
LAAC 2025: Key Players Discuss Nigeria’s Aviation Financing
Discussions are centred around Aviation Financing in Nigeria as the League of Airport and Aviation Correspondents (LAAC) prepares for its 29th Annual Conference. The...
Union Bank Sold Guarantee as Loan, Ex-AMCON Director
“It was in that London meeting that we first knew what Union Bank sold to us was not a loan, but a guarantee. The...
Arik Air Airlifts 2.2m Passengers in 2024-NCAA
"Moving 19.3% of Nigeria's domestic passengers under receivership is exceptional. Despite legal and financial hurdles, Arik maintained operational stability."
Arik Air transported 2,239,176 passengers...
Court Rejects EFCC’s Document in N76 Billion Arik Air Fraud Trial
Justice Dada ruled that the witness, not being part of the EFCC’s investigative team or an AMCON official, could not tender the document.
BY ANTHONY...
Arik Shareholders Accuse AMCON for Mismanagement, Financial Missteps
BY ANTHONY OMOH
In a firm rebuttal to recent allegations from the Asset Management Corporation of Nigeria (AMCON), Arik shareholders strongly denied wrongdoing. Godwin Aideloje,...
Arik Air’s 30 Operational Aircraft Inventory Misrepresented, Says AMCON
BY ANTHONY OMOH
The Asset Management Corporation of Nigeria (AMCON) has debunked claims suggesting that Arik Air’s operational aircraft totaled 30 before its receivership. The...
NGN227.64 billion debt: Why AMCON Assumed Control of Arik Air
BY ANTHONY OMOH
The Asset Management Corporation of Nigeria (AMCON) has explained its decision to take over Arik Air (in Receivership), citing the airline’s overwhelming...
Aero Contractors Marks Turnaround with 14% Profit, Prepares for Investors
In a milestone for Nigeria’s aviation industry, Aero Contractors marks turnaround with 14% profit, signaling the airline's recovery. The company, which had faced financial...
AMCON to appeal court judgement regarding Arik says airline still under...
Apparently dissatisfied with certain parts of the Judgment relating to the court judgement on Arik Air, the Asset Management Corporation of Nigeria (AMCON) has...
