EFCC Arik Case: Witness Details How NG Eagle Was Structured as Trial of Former AMCON Boss Continues
The 4th prosecution witness in the ongoing trial of Ahmed Kuru, former AMCON managing director, on Monday continued to give ...
Tag: AMCON
ntel Secures Fresh Undisclosed Funding to Relaunch Operations in 2026
Telecom operator ntel has reportedly obtained a new round of undisclosed funding, as part of its comeback to Nigeria’s telecom ...
Abbas Jega, Ex-AMCON ED, Testifies, Says Arik Never Cooperated with AMCON
Mr Abbas Muhammed Jega, a former executive director at Asset Management Corporation of Nigeria (AMCON), on Wednesday, June 4th, appeared ...
Alleged N76bn Fraud: EFCC Witness & Ex-Union Bank ED Reveals He Wrote-Off Arik’s $2.3m Debt
Mr. Austine Obigwe, a former group executive director of Union Bank PLC, on Wednesday testified before the Lagos State Special ...
Improve Debt Recoveries, Finance Minister Charges New AMCON Board
Mr. Olawale Edun, Finance Minister and coordinating Minister of the Economy, has charged the New Board of Directors of the ...
AMCON, AMPS Strategize to Tighten Noose on Obligors over N4trillion Debt
As part of the renewed strategy of the executive management of the Asset Management Corporation of Nigeria (AMCON) currently led ...
Arik Air Airlifts 2.2m Passengers, Operates 10,699 Flights in 2024
Arik Air in 2024, airlifted 2,239,176 passengers between January 1, 2024, to December 31, 2024, a report sourced from the ...
Court Rejects EFCC’s Document in N76Bn Arik Air Fraud Trial
Justice Mojisola Dada of the Lagos Special Offences Court, Ikeja, has rejected a document presented by the Economic and Financial ...
Court Orders Forfeiture of Sigma’s Keystone Bank Shares to FG
An Ikeja Special Offences Court on Tuesday ordered forfeiture to the Federal Government, of Sigma Golf Nig. Ltd. rights, title ...
AMCON Debt Recovery: Sir Johnson, Arik, Rockson and Ojemai Still Owe AMCON Over N455billion
Facts have emerged that the total debts of Sir Johnson Arumem-Ikhide, the owner of Arik Air, is still indebted to ...
Arik Air Shocked by Minister’s Order to Ground Fleet
The management of Arik Air (In Receivership), led by Roy Ilegbodu, the CEO, has slammed Festus Keyamo, minister of Aviation ...
Arik Reacts to Allegations of $40million Import Duty Misapplication, Illicit Sale of Aircraft
Arik Air Limited (in receivership) has responded to a recent media report which alleged it is under investigations by the ...
AMCON Opens Up on N300bn Arik Air Debt Saga
The Asset Management Company of Nigeria (AMCON) has given more facts on the ownership tussle between the company and the ...
Court Affirms AMCON’s Receivership over Arik Air
The Receiver/Manager of Arik Air Limited (in Receivership) (Arik) and the Asset Management Corporation of Nigeria (AMCON) has reacted reports ...
Strategic Capital Acquires Polaris Bank for N50 Billion
Polaris has been operating as a bridge bank since 2018 when the Central Bank of Nigeria intervened to revoke the ...
