The shareholders of Arik Air has denied the claim of the As­set Management Corporation of Nigeria (AMCON) that the airline was insolvent before it took over its control on Febru­ary 9, 2017. Rather, ...

The Economic and Financial Crimes Commission (EFCC) on Monday, 20 January 2025 arraigned a former Managing Director of Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others for ...

Nigeria's state-owned Asset Management Company (AMCON) is determined to recover debts of NGN228 billion naira (USD149 million) from Arik Air (W3, Lagos ), while plans to liquidate the airline remain ...

Justice Mojisola Dada granted each defendant bail in the sum of ₦20 million with one surety apiece after considering arguments presented by their respective lawyers. An Ikeja Special Offences ...

The Asset Management Corporation of Nigeria has insisted that it will recover all the debt owed by a Nigerian carrier, Arik Air. AMCON, which is currently managing the airline in receivers ...

The move is aimed at enforcing a court judgment obtained by Dan Air against Arik Air Limited in a foreign jurisdiction. A Romanian airline, Dan Air, has approached the Nigerian High Court to ...

LEADERSHIP’s visits to the websites of Air Peace, United Nigeria Airline, Ibom Air, Arik and Aero Contractor showed that ticket fares to the Southeast states were extremely high. The affected ...