AMCON

February 18, (THEWILL) - The Supreme Court, on Friday, nullified the takeover of Best Western Hotel, Ikeja Lagos, by the Asset Management Corporation of Nigeria, AMCO In a unanimous decision, a five-member panel of the apex court, faulted AMCON’s action,...

December 24, (THEWILL) - The recent altercation between the Senate Committee on Banking, Insurance and other Financial Institutions and top officials of the Asset Management Corporation of Nigeria (AMCON), which led to the angered lawmakers calling for the immediate...

October 13, (THEWILL) - The Asset Management Corporation of Nigeria (AMCON or Corporation), has become aware of a recent newspaper article written by Sir Johnson Arumemi-Ikide and published in ThisDay Newspaper, on September 27, 2023. In the article, Sir...

September 15, (THEWILL) - The matter between Asset Management Corporation of Nigeria (AMCON) and Arik Air Limited is needlessly taking up public space and attracting attention. But the facts of the matter reveal a straight, one could even say...

August 07, (THEWILL) - The Federal High Court (FHC) has refuted reports that its annual training for Judges currently ongoing in London was sponsored by the Assets Management Corporation of Nigeria (AMCON). A statement by the FHC described the...

June 18, (THEWILL) - Arik Air Limited has dismissed reports of alleged misappropriation and diversion of about N120 billion by the Receiver Manager appointed by the Assets Management Corporation of Nigeria (AMCON), for Arik Nigeria Limited, Kamilu Alaba...

June 16, (THEWILL) – The Economic and Financial Crimes Commission (EFCC), on Thursday, detained Asset Management Corporation of Nigeria (AMCON) Receiver Manager, Kamilu Omokide, following an alleged financial impropriety, asset stripping and other underhand dealings amounting to N120...

The President and CEO of Sabre West Africa, Dr Gabriel Olowo, has faulted the status of the Asset Management Corporation of Nigeria (AMCON) as a turnaround manager of airlines in the country. Dr Olowo, who also doubles as the President...

April 02, (THEWILL) - Dissatisfied with certain parts of the Judgment relating to the court judgement on Arik Air, the Asset Management Corporation of Nigeria (AMCON) has revealed that it would appeal the ruling. This is just as the asset...

The Asset Management Corporation of Nigeria has said it recovered a total of N307 billion debts in two years: between 2020 and 2021. An inter-agency committee set up on the recovery of debts owed to the Asset Management Corporation of...