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

Victor Ezeja

July 4, 2025

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

News·Travel

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

Victor Ezeja

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

Victor Ezeja

January 18, 2025

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

Victor Ezeja

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

Emmanuel Ochayi

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

Fakoyejo Olalekan

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

Admin

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.

Peter Okoye, PBA Journalism Mentee

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

Fakoyejo Olalekan

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

Fakoyejo Olalekan

October 21, 2022

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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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