Assets Management Corporation of Nigeria

Off the hook: Femi Otedola settles N141billion debt with AMCON

by Akan Ido The Assets Management Corporation of Nigeria (AMCON) has confirmed the settlement of debt owed by the Zenon and Forte Oil boss, Femi Otedola, to the asset management company. The amount owed is said to be worth N140,999,620,395.80. The AMCON boss, Mustafa Chike-Obi stated that the board of AMCON met last Thursday and... Read More

AMCON, assets, Assets Management Corporation of Nigeria, debt, Femi Otedola, Forte, Mustafa Chike-Obi, zenon

September 22, 2012

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Bad debt: AMCON takes over Aero Contractors’ management

by Isi Esene As Arik Air and Dana Airlines struggle to get back in the air due to separate reasons, it appears Aero Contractors, the 51-year-old airline might also suffer the same fate as the Assets Management Corporation of Nigeria (AMCON) have reportedly taken over the airline due to bad debt incurred by the management... Read More

Aero Contractors, AMCON, Arik, Assets Management Corporation of Nigeria, aviation, capital, Dana, nigeria