AMCON gets Senate’s backing to publish debtors list
The debtors owe about 80 per cent of AMCON’s N4.8trillion debt obligations.
Tag: AMCON
N5.4 Trillion Debt: AMCON talks tough, vows to seize assets of debtors
Only 350 Nigerians are responsible for more than 80 per cent of the N5.4 trillion AMCON debt portfolio.
AMCON takes possession of asset of Nigerian senator, Stella Oduah
Mrs Oduah has been having a running battle with AMCON over her inability to settle debt of nearly N20 billion.
House to give more powers to AMCON
AMCON wants legislative help that would make it possible to recover debts effectively and efficiently.
Senate moves to rescue Kanu Heart Foundation from AMCON take-over
The Senate president mandates the chairman senate committee on banking to intervene in the issue.
AMCON flays Kanu Nwankwo over seizure of property
Mr. Nwankwo had earlier raised an alarm over the seizure of the property.
Senate to compel AMCON to pay Arik’s N13 billion debt
AMCON took over Arik in February, 2017 over a N135 billion debt.
AMCON hands over Metro Plaza to NAHCON
The Federal Executive Council, FEC, approved deal on June 28.
Arik files N20 billion suit against Nigerian govt, Ethiopian Airlines
The Arik owners said they were aware AMCON was negotiating with Ethiopian airlines.
AMCON not in discussion with Ethiopian Airlines over Arik
Arik was placed in receivership in February due to debts owed.
Nigerian oil workers NUPENG threaten strike in Abuja
The oil workers have given the government a two-week ultimatum.
INTERVIEW: Why Nigerian airlines hardly survive beyond 10 years, what govt must do – Expert
John Ojikutu speaks on the challenges the aviation sector faces as well as what the government must do to salvage ...
Hajj Commission NAHCON’s new office to cost N2.4 billion
The Federal Executive Council approved the purchase on Wednesday.
Etisalat crisis worsens Zenith Bank, GTB, others’ debt exposure – Report
A sensitivity analysis shows Zenith Bank contributed the largest to the loan.
Reps will resist acquisition of more Nigerian banks’ toxic debts – Lawmaker
“We are aware that some economists are clamouring for AMCON to buy more toxic assets …”
AMCON recovered N134 billion in 2016 — MD
Recovered cash was N86.9 billion.
JUST IN: Nigeria’s aviation sector needs urgent govt intervention – AMCON
The AMCON chief listed some of the challenges affecting the sector.
AMCON takes over company’s asset over Wokson N5 billion debt
A court ordered the takeover.
AMCON injects N1.5 billion into Arik Air
The money was invested in the first couple of weeks following takeover of the airline.
Arik operated without spare tyres, other essential equipment – AMCON
According to AMCON, the former management of Arik Airlines were basically gambling with the lives of millions of passengers.
House committee wants Arik Air liquidated to prevent waste of public resources
The House Committee on Banking and Currency says selling off the airline would influence other smaller and efficient airlines to ...
Arik airline shareholders file new suit against AMCON, NCAA over takeover
Arik shareholders accuse the new administrators of the airline of mismanagement.
AMCON recovers N681 billion from chronic debtors – MD
AMCON has at least N1.7 trillion worth of assets under litigation across the country.
Court fixes date for ruling on Arik Air’s AMCON takeover
A lawyer representing AMCON is accused of professional misconduct.
AMCON condemns workers’ union over Arik airline shutdown
Aviation unions had in the early hours of Thursday shut down the operations of Arik Air.
