Tag: AMCON
Court adjourns N76bn and $31.5m fraud trial of ex-AMCON boss, Kuru, 4 others
Kuru , alongside Capt. Roy Ilegbodu, Managing Director of Arik Air, Kamilu Omokide, Receiver Manager of Arik Air, Union Bank…
Group drags AMCON to court over IBEDC
The plaintiff alleges that AMCON now plans to quietly sell the shares to “preferred investors” at N100 billion ($62 million),…
AMCON vows to recover N227bn from Arik Air
The Head, Corporate Communications of AMCON, Mr Jude Nwauzor, made this known during an interactive session with aviation correspondents on…
Court sets date for arraignment of ex-AMCON boss, Ahmed Kuru, for N75bn, $31.5m fraud
He is to be arraigned alongside Capt. Roy Ilegbodu, Managing Director of Arik Air, Kamilu Omokide, Receiver Manager of Arik…
Beracah Lubrications faces court battle as AMCON seeks N9.96bn in debt recovery
According to the statement of claim submitted by AMCON’s lawyer, Chineme Nweke of Anfield Solicitors, the debt arose from credit…
FG vows to resell DisCos still under banks, AMCON acquisition
Adelabu said very soon tough decisions would be taken on the DisCos, saying they are the last lap of the…
AMCON refuses to obey Supreme Court judgment on Best Western Hotel, Lagos
Suru Worldwide Ventures Limited , owners of Best Western Hotel, had served on AMCON notice of its claim for compensation…
Supreme Court voids AMCON takeover of Lagos hotel
But Suru Worldwide Ventures Nigeria Limited appealed against the judgment on the grounds that it was denied a fair hearing…
AMCON in legal battle with cooperative society over N14.7bn debt
It wants interest at the rate of 14%Per annum from the 4th of April, 2022 until Judgment is delivered in…
Lagos businessman Bello- Osagie dragged to court over alleged N395m unpaid loan
The Defendant is a Director of Mtech Communications Limited.
AMCON files debt recovery suit of N140.6m against ex-Bank PHB boss
AMCON averred that sometime in February 2005, the defendant obtained a Mortgage facility for the purpose of purchasing a property,…
Judge issues criminal summons on Sen. Ifeanyi Ubah, Capital Oil
The Federal Government commenced in 2019 criminal prosecution of Senator Ifeanyi Ubah in an 8-count charge over his indebtedness to…
AMCON sues Aregbesola’s aide over unpaid N167.24m debt
AMCON said the defendant at all material times was a customer of the erstwhile Intercontinental Bank Plc and operated accounts…
I don’t owe you: Lagos bizman Tunde Folawiyo tackles AMCON
Lagos lawyer Funke Agbor SAN, in an application said AMCON sued Folawiyo on 17 July 2020 based on a previous…
JUST IN: Court orders AMCON take over Babatunde Folawiyo’s assets
The asset seizure was ordered based on Falawiyo's unpaid debt of N727.9 million.