The Economic and Financial Crimes Commission, EFCC, has presented its second prosecution witness, (PW2), Austine Obegwe, ...

The witness also disclosed that he worked for Arik as a consultant and the airline currently owed him about $2.3m.

Asset Management Corporation of Nigeria, AMCON, has said it would recover the accumulated debts of over N455 billion ...

A former banker, Peter Omokaro, has testified against the former Managing Director of Asset Management Cooperation of Nigeria (AMCON), Ahmed Kuru, for allegedly defrauding Arik Air. Mr Kuru and four ...

Mojisola Dada, a judge at the Lagos special offences court, has adjourned the trial of Ahmed Kuru, former managing director ...

LAGOS – Arik Air has been honoured with the award of the ‘Labour Friendly Airline of the Year 2024’ by the Joint Consultative and Negotiating Council (JCNC), an amalgam of the four existing ...

The Asset Management Corporation of Nigeria (AMCON) says smear campaign will not discourage the agency from recovering the ...

He reiterated that Union Bank never granted Arik Air a loan and did not call in the indemnity from the airline. “Union Bank never gave a loan to Arik Air. Union Bank converted the guarantee to ...

Arik Air, once Nigeria’s largest airline, was placed under AMCON’s receivership in February 2017 over alleged debts exceeding N300 billion. The takeover was meant to stabilise the airline and ...

Despite ongoing challenges at AMCOM, the organisation revealed that it has recovered over N2.1 trillion in debts ...

The Asset Management Corporation of AMCON says the agency is ready to work in line with its mandate by recovering the accumulated debt ...