AMCON

FG May Change Arik, Aero Contractors To National Carriers Over Outstanding Debts — AMCON

Kehinde Joy6 months ago6 months ago05 mins

The Asset Management Corporation of Nigeria (AMCON) has proposed merging Arik and Aero Contractors airlines and transforming them into a national carrier. AMCON’s Managing Director/Chief Executive Officer, Gbenga Alade, revealed this plan during an interactive session with media executives in Lagos on Monday. Alade explained that both airlines are heavily indebted and may be unable…

N14.7 billion debt: AMCON Engages Mobil Workers In Legal Battle

Wemimo1 year ago1 year ago010 mins

Asset management Corporation of Nigeria AMCON has renewed its legal battle against Mobil workers (EKET) Multipurpose co-operative,in order to recover a debt of N14,733,502,334.06. The plaintiff, AMCON is a body established by an Act of the National Assembly of Nigeria to assist eligible financial institutions to efficiently acquire or dispose of eligible bank assets in accordance…