•Insists Arik owners must present resolution strategy that makes sense to corporation, CBN, Ministry of Finance •Says N280bn realised from sale of 350 assets Obinna Chima and Eromosele Abiodun (THISDAY Newspapers) The Managing Director of the Assets Management Corporation (AMCON) yesterday, narrated how its proposed carrier, the Nigerian Eagle (NG Eagle), which ought to be […]
As Asset Management Corporation of Nigeria gets set to wind down, Chinedu Eze looks at the activities of the agency in the aviation industry, especially its contributions in Aero Contractors and Arik Air. Since the President Ahmed Bola Tinubu took over office, there has been indications that the Asset Management Corporation of Nigeria (AMCON) would […]
In the first quarter of 2023, outbound international flights surpassed inbound passenger flights, indicating that more people are leaving the country than those coming in. This is as international and local airlines recorded high flight delays within the same period. Documents made available to THISDAY by the Nigeria Civil Aviation Authority (NCAA), showed that international […]
The continuous disagreement between Asset Management Corporation of Nigeria and the shareholders of Arik Air, since the takeover of the Airline six years ago, is affecting investment in Nigeria. Nigerians are worried about the endless feud between the shareholders of Arik Air and Asset Management Corporation of Nigeria (AMCOM), as the situation is already affecting […]
Shareholders: Airline Valued $3.7bn in 2014, Request for Statement of Company’s Affairs Asset Management Corporation of Nigeria (AMCON) has exonerated the Arik Air Receiver Manager, Kamilu Omokide Alaba and insists that the founder of the airline, Sir Arumemi Johnson owed AMCON N240 billion and described him as a bully borrower. This was contained in a […]
