Tag: AMCON

“It was in that London meeting that we first knew what Union Bank sold to us was not a loan, but a guarantee. The...

  "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...

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...

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,...

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...

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...

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...

Apparently dissatisfied with certain parts of the Judgment relating to the court judgement on Arik Air, the Asset Management Corporation of Nigeria (AMCON) has...

HOUSE of Representatives Committee on Aviation has said it would get to the bottom of the lingering issues and/or relationship between, Arik Air and...

“I can boldly say that those airplanes in our industry we call what happened with it recovery. So they have been recovered. If a company owes and it cannot pay, those airplanes were actually mortgaged to AMCON and it is very clear that at some point they’d take their assets and that is what was done.”