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AMCON

AMCON Sells Ibadan DisCo For N100bn

Asset Management Corporation (AMCON) has announced the sale of Ibadan Electricity Distribution Company (IBEDC), for N100 billion. AMCON Managing Director, Gbenga Alake, who made this known on Thursday, explained that the N100 billion represents AMCON’s 60 per cent stake in the company.

July 4, 2025

News

Arik Air Operated 10,699 Flights, Airlifted 2.2m Passengers In 2024 – NCAA Report

Arik Air operated 10,699 flights and airlifted 2,239,176 passengers in 2024, a report by the Nigeria Civil Aviation Authority (NCAA) confirmed. The airline has been under the receivership of Asset Management Corporation of Nigeria (AMCON) since 2017, capturing 19.3 per cent of

April 2, 2025

AMCON submits list of Top 1000 Debtors to National Assembly

Business·News

AMCON Threatens To Liquidate Arik Air, Other Firms Over ₦455bn Debt

Asset Management Corporation of Nigeria (AMCON) has threatened to liquidate Arik Air and other business organisations still indebted to it. AMCON said that as of 31st December 2024, the total debt it is owed by various business organisations including Arik Air stood

January 18, 2025

AMCON Threatens To Liquidate Arik Air, Other Firms Over ₦455bn Debt

Business

AMCON Explains What Happened To Arik Air’s 3 Aircraft After Takeover

The Asset Management Corporation of Nigeria (AMCON) has refuted the claim that it carried out illegal sale of the three aircraft and spare parts belonging to Arik Air after it took over the airline in 2017. The planes in question are Q-400,

October 7, 2023

Business·News·Transport

NAAPE Urges AMCON to Boost Arik’s Fleet for Industry Dominance

In a show of unwavering support, the leadership of the National Association of Aircraft Pilots and Engineers (NAAPE), led by Engineer Mudi Muhammad, made a passionate plea to the Asset Management Corporation of Nigeria (AMCON) to reinforce Arik Air’s fleet, positioning it

September 7, 2023

Business

Dispute Over Arik Air Not Helpful, Airline In Need Of Funds To Survive – Workers

The General Secretary of the National Union of Air Transport Employees (NUATE), Ocheme Aba, urged the Asset Management Corporation of Nigeria (AMCON) and owners of Arik Air to settle their feud. Aba said the dispute is not helpful to the growth of

July 11, 2023

UNIZIK Council: Nze Duru Urges FG To Appoint Individuals With Unquestionable Character

News

AMCON, Newstide Publications Congratulate Nze Duru On National Honour

The Assets Management Corporation of Nigeria (AMCON) and Newstide Publications Limited, publishers of Prime Business Africa, have congratulated Nze Chidi Duru on the conferment of the National honours award of Officer of the Order of the Niger (OON) by the Federal Government

June 30, 2023

Arik Air: N120bn Fraud Allegations Against Receiver Manager, Omokide, ‘Patently False’

News·Transport

Arik Air: AMCON Denies Court Verdict Granting Access To Founder

The Asset Management Corporation of Nigeria (AMCON) has denied any knowledge of the Federal High Court judgment granting the former owner of Arik Air, Chief Johnson Arumemi-Ikhide, “unfettered access” to the company. The court-appointed receiver of Arik Air, Mr Kamilu Omokhide, disclosed

April 12, 2023

Business

AMCON Recovers N307 billion From Gov’t Debtors, To Blacklist Firms

Asset Management Corporation of Nigeria (AMCON) recovered N307 billion from debtors between 2020 and 2021, increasing its recovery rate by 10 per cent growth across various asset classes. According to the inter-agency committee set up on the recovery of debts owed to

November 10, 2022

Meet Lawan Auwal, Businessman Who Bought Polaris Bank

Business·Top Stories

Updated: How Nigerian Man Bought Polaris Bank For N1.35 trillion

Nigerian investor, Lawan Auwal Abdullahi, is power behind Strategic Capital Investment Limited (SCIL) that acquired Polaris Bank from government’s debt recovery agency, Asset Management Corporation of Nigeria (AMCON). Prime Business Africa had reported that Strategic Capital Investment Limited acquired the commercial bank

October 21, 2022

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AMCON

AMCON Sells Ibadan DisCo For N100bn

Arik Air Operated 10,699 Flights, Airlifted 2.2m Passengers In 2024 – NCAA Report

AMCON Threatens To Liquidate Arik Air, Other Firms Over ₦455bn Debt

AMCON Explains What Happened To Arik Air’s 3 Aircraft After Takeover

NAAPE Urges AMCON to Boost Arik’s Fleet for Industry Dominance

Dispute Over Arik Air Not Helpful, Airline In Need Of Funds To Survive – Workers

AMCON, Newstide Publications Congratulate Nze Duru On National Honour

Arik Air: AMCON Denies Court Verdict Granting Access To Founder

AMCON Recovers N307 billion From Gov’t Debtors, To Blacklist Firms

Updated: How Nigerian Man Bought Polaris Bank For N1.35 trillion

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