Nigeria's state-owned Asset Management Company (AMCON) is determined to recover debts of NGN228 billion naira (USD149 million) from Arik Air (W3, Lagos ), while plans to liquidate the airline remain ...

The Minister of Aviation and Aerospace Development, Festus Keyamo, has been championing essential air transport interventions to assure the safety of stakeholders’ investments.

In a rekindled bickering over the airline's financial status, the Asset Management Corporation of Nigeria (AMCON) and Arik Air ...

EFCC has arraigned five individuals, including former AMCON MD Ahmed Kuru, for allegedly defrauding Arik Air of N76bn and $31 ...

Almost eight years after the takeover of Arik Air from its shareholders by the Asset Management Corporation of Nigeria (AMCON), both parties are still bickering over the action. The shareholders of ...

The Asset Management Corporation of Nigeria has insisted that it will recover all the debt owed by a Nigerian carrier, Arik ...

The EFCC also alleged the defendants obtained undue advantage for themselves and intentionally authorized the tear down and ...

The Economic and Financial Crimes Commission (EFCC), has arraigned Ahmed Kuru, a former managing director of Asset ...

Asset Management Corporation of Nigeria, AMCON, Friday, refuted claims that a domestic carrier, Arik Air Limited, did not default in servicing its obligations to aircraft suppliers and trade creditors ...

The Economic and Financial Crimes Commission (EFCC) on Monday, 20 January 2025 arraigned a former Managing Director of Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others for ...