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AMCON NEWS
News and analysis about AMCON
The proposed merger between Arik Air and Aero to form a national carrier has been disapproved by stakeholders in the aviation industry.
Concerns have been expressed and mounted over the fact that one of Nigeria’s major airliner, Arik Air is facing financial issues amongst others.
The AMCON has been urged to leverage the 2019 Amended AMCON Act and declare obligors who are holding public office bankrupt.
AMCON has taken over two properties owned by Ademola Seriki in Lagos and Abuja after the order of Hon. Justice Chuka Austine Obiozor.
The National Assembly has assured AMCON of its support to recover the over N5.4 trillion outstanding debt owed by obligators.
AMCON might cease to be operational as CBN, NDIC and Ernst & Young call for the institution to be scrapped.
Arik not equipped as national carrier, Aviation minister replies AMCON
Nigeria's Finance Minister, Zainab Ahmed has pledged to assist AMCON in recovering some of the debts owed to it debtors via the use of promissory notes.
AMCON is set to seek judicial intervention to recover over N5 trillion debt in the hands of few Nigerians.
The issue of non-performing loans has been a source of worry for the Asset Management Corporation of Nigeria (AMCON) as the corporation has expressed concerns over the inability of commercial banks to pay back the debt.
Donald Duke, the former Governor of Cross River State, has denied the claim of the Asset Management Corporation of Nigeria (AMCON) that he owed N537,334,360.77.
Former Cross River Governor, Donald Duke has settled the N537 million debt he was owing the Asset Management Corporation of Nigeria (AMCON).