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Politics Senate moves to rescue Kanu Heart Foundation from AMCON take-over – Premium Times Nigeria
The senate has resolved to rescue Kanu Heart Foundation from take-over by Asset Management Corporation of Nigeria, AMCON. The non-governmental organisation was founded by former superstar footballer, Kanu Nwankwo, to help underprivileged African children and young adults living with heart...- siteadmin
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Business AMCON Sells Keystone Bank
The Asset Management Corporation of Nigeria, AMCON on Monday announced the sale of Keystone Bank, one of Nigeria’s commercial banks. Keystone Bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium). A statement signed by...- abujagirl
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Business End Of The Line? Banks To Take Over Etisalat Over N541.8 Billion Naira Debt
Premium Times is reporting that a consortium of Banks is set to take over Etisalat Nigeria over a loan facility totalling $1.72 billion (about N541.8 billion) obtained in 2015. The medium reported that despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful...- ProfRem
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- 3 banks to take over etisalat ama hausa market amcon etisalat n541.8 billion loan etisalat nigeria nigeria news nigerian communication commission premium times
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Business Nigeria Senate Says AMCON's Takeover of Arik Air is Belated
The Nigeria Senate has condemned the takeover of the operations of Arik Air, saying the action is late and belated. The Senate Committee on Banking, Insurance and Other Financial Institutions, made the statement after it reviewed the ugly details that crippled the operations of Arik Air. The...- LequteMan
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Business AMCON Employs Foreign Airlines to Manage Arik Air
Mr. Ahmed Kuru, the Managing Director of the Assets Management Company of Nigeria (AMCON) has stated that foreign airline operators will be called on to manage Arik Airline. In a session with House of Representatives aviation committee on Wednesday in Abuja, he said AMCON is already discussing...- LequteMan
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Business KPMG To Audit Arik Air
The new management of Arik Air has appointed KPMG, a world-class financial expert, to undertake a forensic and diagnostic audit of the finances of the airline to ascertain the true status of its finances. This was disclosed in a statement yesterday issued by Simon Tumba of SY&T Communications...- ProfRem
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Business FG Reveals Plan For ‘Newly Acquired’ Arik Air
The Federal Government of Nigeria has denied plans to convert embattled airline, Arik Air, to a national carrier. Reacting to the rumour, the Deputy Director, Press and Public Affairs, Aviation Ministry, Mr. James Odaudu, explained that the report was false and unfounded. He explained that...- kemi
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Business Ado Sanusi Appointed As CEO Of Aero Contractors
Capt. Ado Sanusi has been appointed as the new Chief Executive Officer of Aero Contractors and will on Monday assume office. The Asset Management Corporation of Nigeria has announced that he takes over from Capt. Fola Akinkuotu, who was recently appointed as the Managing Director of the...- ProfRem
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- ado sanusi as aero contractors ceo amcon asset management corporation of nigeria capt. fola akinkuotu nigeria news
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Business Why We Took Over Arik Air – AMCON
The Asset Management Corporation of Nigeria (AMCON) Thursday took over the executive control of Arik Air to save the carrier from collapse due to its heavy financial debt burden. The airline will now be managed by Capt. Roy Ukpebo Ilegbodu, a veteran aviation expert with more than 30 years...- ProfRem
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- amcon arik air news update hadi sirika nigeria aviation sector nigeria news why we took over arik air
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Business Why AMCON Took Over Dangote's Factory
The Asset Management Corporation of Nigeria, AMCON last Friday successfully took over possession and management of Dansa Foods Processing Company Limited belonging to Sani Dangote in order to recover its N400 million outstanding debt. Sani Dangote is the younger brother to Aliko Dangote...- ProfRem
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Business AMCON To Sell Keystone Bank to 2 Powerful Northern Cabals
Some senior officials of the Asset Management Corporation of Nigeria have alleged the planned sale of Keystone Bank Ltd to some powerful northern cabals. According to Premium Times, the state-owned asset management company is set to announce new owners for the bank, which is the last of the...- ProfRem
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Business Aero Contractors Airlines Shut Down Operations
Aero Contractors Airlines, Nigeria’s second largest commercial carrier, has announced that it is shutting down services beginning from Thursday (tomorrow) September 1, 2016, over Nigeria's current economic situation. The airline management said this in a statement signed on Wednesday. Aero...- ProfRem
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Business AMCON To Conclude Keystone Bank Sale In 2 Weeks
Asset Management Corporation of Nigeria (AMCON) has said that it will soon conclude the sale of Keystone Bank formerly Bank PHB, the last of the three banks which the bad bank took over in August 2011. According to the Managing Director and Chief Executive of the bad bank, Ahmed Kuru, the sale...- ProfRem
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Business MRS Challenges AMCON, Says It Has Paid Its Debts
MRS Holdings Limited has kicked against moves by AMCON to shut down its operations over an alleged N81bn debt. Read: AMCON Set To Shut Down Dantata's MRS In a statement released on Tuesday, MRS said it is not indebted to AMCON. “MRS challenges in the strongest possible terms the false claim...- LequteMan
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Metro AMCON Pursues Nigeria's Second Richest Adenuga Over Unpaid Bills
Nigeria’s second richest man, Mike Adenuga is being pursued for a combined debt of over $140.5 million by two foreign and one local companies, Premium Times reports. Despite making several pledges to pay, ConOil and other companies owned by Mr. Adenuga have reneged on paying the debts...- kemi
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Metro Why We Re-Opened Ben Bruce's Silverbird and Rhythm FM - AMCON
The Assets Management Corporation of Nigeria, AMCON, on Thursday effected a court order to take possession of Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited which are part of the media group owned by businessman and politician, Ben Murray-Bruce, and...- ProfRem
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- amcon ben murray bruce nigeria premium times silverbird galleria limited
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Metro AMCON Publishes Names of 100 'Chronic Debtors' [FULL LIST]
The Asset Management Corporation of Nigeria (AMCON) has released a list of 100 out of a total of 217 “Chronic Debtors” in their books, including firms and individuals, as authorized by the Central Bank of Nigeria (CBN). In a statement, AMCON said: “Further to our various publications advising...- ProfRem
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Business Ben Bruce's Silverbird Group Reopens After Face-Off With AMCON
Silverbird Group- Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited, all belonging to Senator Ben Murray Bruce seized by Asset Management Corporation Of Nigeria over an N11b debt on Thursday, the Silverbird Group has re-opened for business yesterday...- ProfRem
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Business N10bn Debt: AMCON Takes Over Afrijet Airlines
The Federal High Court Lagos Division has granted an interim injunction against Afrijet Airlines Limited, owned by Chief Vitalis Ibe on the application of Asset Management Corporation of Nigeria (AMCON). The obligor owes AMCON nearly N10 billion. AMCON purchased the Eligible Bank Assets (EBAs)...- ProfRem
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Politics AMCON Recovery Agent Mocks Murray-Bruce
Kunle Adegoke, an attorney working with Muiz Banire (SAN), the debt recovery manager appointed by the Assets Management Corporation of Nigeria, AMCON today mocked common sense senator, Ben Murray-Bruce over the debt crisis facing the Silverbird group. PREMIUM TIMES reports that Adegoke...- abujagirl
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