Tag: AMCON
Airline operators blame multiple taxation for poor performance
The Airline Operators of Nigeria (AON) has blamed the poor performance of domestic airlines on multiple taxation by various agencies…
Silverbird Group re-opens for business
After the seizure of three assets owned by Silverbird Group- Silverbird Galleria Limited, Silverbird Promotions Limited, and Silverbird Showtime Limited,…
Ben Murray-Bruce reacts to AMCON takeover
Common Sense Advocate and Chairman, Silverbird Group, Sen Ben Murray-Bruce has reacted to the takeover of three assets of the…
AMCON takes over Silverbird TV, Cinemas
Assets Management Company of Nigeria, AMCON, on Thursday, took over all assets owned by Silverbird Group- Silverbird Galleria Limited, Silverbird…
Nigeria’s investor proposes N15trn Collateral Bank
Kazeem Ugbodaga Nigeria’s infrastruture development financier and Group Managing Director of CFL Group of Companies, Lai Omotola, has written to…
Nwankwo Kanu in trouble as court orders his accounts frozen over unpaid N924m loan
AKIN KUPONIYI In a bid to recover a debt of N924,788,754.56, a Federal high court sitting in Lagos, western Nigeria,…
N1.2billion debt: AMCON seizes G.Cappa property
Akin Kuponiyi In a bid to recover a debt of N1,207,296,646.45 from G.CAPPA PLC. Construction Company, the Asset management corporation…
AMCON takes over G. Cappa Plc’s property over unpaid N1.2b debt
Akin Kuponiyi In a bid to recover a debt of N1,207,296,646.45.from G.Cappa Plc Construction company, Asset management corporation of Nigeria…
Business, Headlines, Metro, News
AMCON Shake-Up: Buhari dumps Chike-Obi for Kuru
President Muhammadu Buhari has approved the dissolution of the Executive Management Team of the Assets Management Corporation of Nigeria (AMCON),…
Owing the Banks? Pay up or have your name published, says AMCON
The Asset Management Corporation of Nigeria (AMCON) on Monday asked loan defaulters to immediately square their accounts or it would…
AMCON seeks injunction to restrain Babalakin
The Asset Management Corporation of Nigeria (AMCON) on Thursday filed an application for injunction to restrain Dr Wale Babalakin from…
Bi-Courtney floors AMCON in court
By Simon Ateba A Federal High Court in Lagos has struck out an order obtained by the Assets Management Corporation…
Court restrains AMCON from acquiring Aero Contractors assets
An Abuja Federal High Court on Thursday granted an order restraining the Assets Management Corporation of Nigeria (AMCON) from acquiring…
Ibru moves against sale of Oceanic Bank, takeover of Aero
Nnamdi Felix / Abuja Justice Ahmed Ramat Mohammed of a Federal High Court sitting in Abuja on Monday adjourned till…
Expectations From The New CBN Governor
By John Tosin Ajiboye I congratulate the new CBN Governor, Godwin Emefiele, the former group Managing Director of Zenith Bank…
Aero Contractors becomes national carrier
Simon Ateba/Aviation correspondent Nigeria’s Federal Government is set to turn heavily indebted Aero Contractors Airline into the country’s national carrier,…
Injustice: NJC Replies Retd. Justice Okeke
The National Judicial Council has reacted to the valedictory speech given by the retired Justice Okechukwu Okeke of the Federal…
Debt to AMCON: Ogboru stalls contempt trial
A former governorship aspirant in Nigeria’s Delta state, Great Ogboru, on Thursday filed an application for a stay of contempt…
Ogboru faces contempt charge
The Assets Management Corporation of Nigeria (AMCON) on Tuesday commenced contempt proceedings against a former Delta governorship aspirant, Great Ogboru,…
Striking Workers Picket Aero
Aero Contractors, Nigeria’s second largest airline, remained grounded on Wednesday, two weeks after a labour crisis paralysed its activities nationwide,…
Aero Flights Grounded Nationwide
All Aero Contractors flights were grounded on Wednesday and passengers were stranded nationwide, following an industrial action embarked upon by…
Bridge Banks Intervention Yielding Fruits —Enterprise Bank MD
Managing Director Enterprise Bank, Mr Ahmed Kuru, has said Central Bank of Nigeria’s policy of using ‘bridged banks’ to rescue…
AMCON’s Misadventure And A Hapless Nation
By Eghes Eyieyien Nigeria’s AMCON is gravely distressed! With total liabilities of N5.69 trillion (bonds issued is N4.18 trillion), a…
Capital Oil accuses AMCON of ignoring court order
Almost a week after an Abuja High Court vacated the order it had earlier made in November, granting the Assets…
Nigerian Court lifts order on Capital Oil
Nnamdi Felix / Abuja Nearly a month after a Federal High Court made an order freezing his accounts and granting…
Aero Confirms Takeover By AMCON
After months of denial, Nigeria’s second biggest airline, Aero Contractors, said on Tuesday morning that it has been taken over…
Obaro Ibru Is New Acting M.D Aero Contractors
Mr. Obaro Ibru is the new acting Managing Director of Aero Contractors, following the resignation of the Managing Director of…
Capital Oil: Reps Wade In
Ifeanyi Ubah, Chairman of Capital Oil & Gas Limited takes his case to the House of Representatives The House of…
Akin George, Aero MD bows out
Simon Ateba/Aviation correspondent Aero Contractors, Nigeria’s second biggest airline, announced on Sunday night that its Managing Director, Captain Akin George,…
Aero MD sacked?
Simon Ateba/Aviation correspondent There were conflicting reports on Friday night with sources claiming that the Managing Director of Aero Contractors,…