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AMCON’s Arik Nigeria Receiver Manager in EFCC Net over Alleged N120 Billion Misappropriation

ABUJA, Nigeria - The Economic and Financial Crimes Commission, EFCC, has reportedly detained Kamilu Omokide, the Receiver Manager appointed for Arik Nigeria Limited by...

‘Supreme Court Judges Can Make Mistakes’, CJN Tanko Muhammad Invites Correction

The Chief Justice of Nigeria, Tanko Muhammad, has declared that the Justices of the Supreme Court are not a repository of knowledge, but are...

AMCON Finally Sells Keystone Bank, Reveals Identity Of New Owners

The Asset Management Corporation of Nigeria, AMCON, has announced the sale of Keystone Bank, one of Nigeria’s commercial banks. AMCON said the bank was sold...

Arik Airlines Needs N10 Billion To Resume Full Operations

The Asset Management Corporation of Nigeria (AMCON) on Sunday, February 12, 2017 said it had discovered deep rooted rot at embattled airline, Arik Air. AMCON...

AMCON Takeover: Court Grants Jimoh Ibrahim Reprieve, Parties To Settle ‘Amicably’

A federal high court in Lagos has lifted an interim injunction empowering the Asset Management Corporation of Nigeria, AMCON, to take over the companies (and...

Ubah’s N21 Billion Debt: AMCON Pays Access Bank N16 Billion Final Settlement

The Asset Management Company of Nigeria AMCON has intervened in the bitter feud between Chairman of Coscharis Motors, Cosmos Maduka and Ifeanyi Ubah’s Capital...

Cecilia Ibru Seeks To Recover Assets Forfeited To The Federal Gov’t

The Asset Management Corporation of Nigeria (AMCON) has objected to a suit by the convicted former Managing Director of the defunct Oceanic Bank Plc,...

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