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Tag: AMCON
The Late 5: Lagos govt. bans fuel tankers from non-trailer routes, 32 Boko Haram terrorists surrender to troops in Borno and other stories
These are the stories that drove the conversation today: The Lagos Government has announced a restriction of the movement of fuel tankers to designated trailer route in the state. In…
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We are paying dissatisfied Arik Air customers N75m weekly – Management
by Dolapo Adelana The management of Arik Air appointed by the Asset Management Company of Nigeria has said due to the rot in the airline, it is being forced to make…
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Just In: Arik operated without essential equipment, owed N375bn – AMCON
by Azeez Adeniyi The Asset Management Corporation of Nigeria (AMCON) has said Arik Air was indebted to the tune of N375 billion naira in local debt before it took over…
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N5bn compensation, N242.6million worth of smuggled drugs | The 5 numbers that mattered this week
N5billion - EFCC Acting Chairman, Ibrahim Magu seeks this amount worth of compensation from The SUN Newspaper for “libelous imputations and statements” made against him in a story published on…
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We have recovered N681bn debt in the last six years – AMCON
by Azeez Adeniyi The Asset Management Company of Nigeria (AMCON) on Monday said it has recovered over N681.5billion from debtors in the last six years of its operation. Managing Director,…
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The YNaija Tracklist: Court orders seizure of copies of Omoni Oboli’s ‘Okafor’s Law’ | NPDC, House of Reps at loggerheads over oil spill | More stories
From the papers this morning – a Tracklist. Customs intercept N242.6m smuggled drugs - YNaija FG charges ex-gov Suswam, 2 other for diversion of N9.8bn SURE-P, police funds - YNaija Sacrifices…
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Aviation unions threaten to shut down Arik airlines on Thursday
by Dolapo Adelana Aviation workers have threatened to shut down the operations of Arik Air on Thursday over the airline’s management’s failure to reinstate its sacked members among other issues.…
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The Big 5: These are the stories you should be monitoring today
These are the top five stories you should monitor today. How I gave PDP N500m, supported Obasanjo with N100m – Kalu Former Governor of Abia State, Orji Uzor Kalu has…
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The YNaija Tracklist: How I gave PDP N500m, supported Obasanjo with N100m – Kalu | AMCON finally sells Keystone Bank | More stories
From the papers this morning – a Tracklist. How I gave PDP N500m, supported Obasanjo with N100m – Kalu - YNaija AMCON finally sells Keystone Bank - YNaija Recession: There…
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AMCON finally sells Keystone Bank
by Azeez Adeniyi The Asset Management Corporation of Nigeria (AMCON) has announced the sale of Keystone Bank, one of Nigeria's commercial banks. In a statement signed by Jude Nwauzor, AMCON…
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Arik Air to be managed by foreign airlines – AMCON
by Azeez Adeniyi The Assets Management Company of Nigeria (AMCON) has said foreign airline operators will be engaged to manage Arik Airline. Managing Director of AMCON, Ahmed Kuru said this…
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AMCON takes over OAS Helicopters
The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services, known more as OAS Helicopters in Lagos following a court order. AMCON had on Tuesday sealed the…
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New Arik Air management appoints KPMG to audit airline
The new management of Arik Air has appointed accounting firm KPMG to undertake a forensic and diagnostic audit of the finances of the airline to ascertain the true state of…
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We need N10bn to fix Arik airlines – AMCON
The Assets Management Corporation of Nigeria (AMCON) has said it would require N10 billion to fix the rot in Arik airlines. The asset company made the disclosure in a statement…
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FG denies planning to convert Arik to national carrier
The Federal Government has denied speculations that it intends to make Arik Airline the country's national carrier. On Thursday the Asset Management Company of Nigeria (AMCON) took over the airline,…
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‘How FG saved Arik Airlines from shutting down’
The insurance cover of Arik aircrafts would have expired on February 12 if the Assets Management Company of Nigeria (AMCON) had not taken over, TheCable reports. AMCON had taken over…
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Arik airline vows to challenge takeover by govt
The Management of Arik airlines on Thursday vowed to challenge the taking over of the airline by the Assets Management Company of Nigeria (AMCON) in court. Senior Vice President, Arik…
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N270 million; N26.5 billion… | The 5 numbers that mattered this week
6 – The number of new ICT hubs that will be set up by the Federal Government, according to the Minister of Communication, Adebayo Shittu. 21,744 – the number of…
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Aero Contractors’ workers protest AMCON closure of airline
Employees of Aero Contractors airline on Wednesday protested the closure of the airline by the Asset Management Company of Nigeria (AMCON). The workers under the aegis of the Air Transport Services Senior…
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A timeline: The downfall of Aero has been 16 years coming
As I now read news of Aero contractors suspending all its services from the first day of September (that’s tomorrow), I cannot help but sigh. Partially in relief for this…
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Olusegun Adeniyi: Buhari and the troubled economy
It was a business lunch by a group of investors who had eagerly been waiting for information about the business climate in Nigeria. But their guest, top official of a…
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The late 5: These are the stories that drove the conversation today
These are the top five stories that drove the conversation today 1. Saraki's trial stalled The trial of Senate President Bukola Saraki and his deputy, Ike Ekweremadu, has been adjourned as…
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BREAKING: Court orders AMCON to return Jimoh Ibrahim’s assets, companies
Long embattled Nigerian businessman, Jimoh Ibrahim was temporarily vindicated in court on Monday when the Asset Management Corporation of Nigeria (AMCON) was ordered to return possession of the companies seized…
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Inside the Ekiti drama with Ayo Fayose & Zenith Bank… and more on The Slab with Isime [LISTEN]
It's another edition of The Slab with Isime. On this edition, Adebayo Emuleomo who has been away for a while, is back to join the rest of the YNaija crew - Chukwukere…
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AMCON publishes names of 100 ‘chronic debtors’ (Full List)
The Asset Management Corporation of Nigeria (AMCON) has announced that it has in its books, 217 chronic debtors - which include companies and individuals. AMCON has published on its website 100 of…
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After Silverbird, AMCON takes over Afrijet over N10bn debt
Asset Management Corporation of Nigeria (AMCON) has been granted an interim injunction against Afrijet Airlines Limited - a company owned by Vitalis Ibe. The injunction was granted by Justice Chuka…
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Armed Ijaw youths invade Ben Bruce’s radio station in Bayelsa
Some members of the Ijaw Youth Council Worldwide (IYC) on Thursday, invaded Rhythm FM radio station in Yenogoa, Bayelsa over internal scuffles within the leadership ranks of the group. The…
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Simon Utsu: How to identify a young, wicked sadist
by Simon Utsu Any young man/ woman who gloated(or is still gloating) over Senator Ben Murray Bruce's political travails in the hands of AMCON, is a young, wicked sadist. Before…
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The late 5: These are the stories that drove the conversation today
Here are the top five stories that drove the conversation today. 1. AMCON takes over Silverbird The Asset Management Corporation of Nigeria (AMCON) has taken over Silverbird Group which is owed…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy