Results for "AMCON"

AMCON announced its intention to divest interests in NTEL to strategic investors and reported a recovery of N165 billion in debt.

The Nigerian Senate Committee on Banking, Insurance and Other Financial Institutions has instructed the Asset Management Corporation of Nigeria (AMCON) to begin compiling comprehensive records ahead of its planned wind-down in 2030.

During the Arik Air trial, an Economic and Financial Crimes Commission (EFCC) witness testified before a Lagos Special Offences Court that investigations into the alleged unlawful teardown of an Arik Air aircraft did not uncover evidence of financial gains by former Managing Director, Kuru, or Ilegbodu.

An article reflects on the legal validity and implications of the ouster clause within Nigeria's AMCON Act.

A court has admitted fresh evidence in the N76bn and $31.5m fraud trial involving a former AMCON boss and others, who face charges of conspiracy, stealing, and abuse of office related to the alleged conversion of Arik Air funds.

The Nigerian Senate has confirmed the appointment of Lamido Yuguda Abubakar as the Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON).

Nigerian President Bola Tinubu has requested the Senate to confirm the nomination of Yuguda as the chairman of the Asset Management Corporation of Nigeria (AMCON). This move aims to fill a key leadership position within the corporation.

An EFCC witness in the N76bn AMCON fraud probe has reiterated that no illicit funds were directly traced to the personal accounts of former Managing Director Ahmed Kuru during the Arik Air trial.

AMCON Distributing, Methanex, and Ball Corporation have each declared their latest dividends. AMCON announced a $0.12 dividend, Methanex a $0.185 dividend, and Ball a $0.20 dividend.

The defunct Skye Bank Plc (now Polaris Bank Plc) had advanced a credit facility to Milan Industries Limited for the construction of the Lagos Continental Hotel in Victoria Island, Lagos The post Supreme Court Affirms AMCON’s Sale Of Lagos Continental Hotel For N22billion appeared first on Premium Times Nigeria.

The Economic and Financial Crimes Commission (EFCC) informed a Lagos State Special Offences Court that the Board of Governors of the Central Bank of Nigeria (CBN) had approved the takeover of Arik Air Limited by the Asset Management Corporation of Nigeria (AMCON).

A Senate panel has screened and cleared Lamido Yuguda as the chairman of the AMCON board. The corporation has been asked to prepare a report ahead of its wind-down.

A Lagos court has granted Ahmed Kuru, former AMCON MD, temporary release of his passport for medical treatment while he faces a N76bn fraud trial.

An EFCC witness testified in the N76bn AMCON fraud probe that no illicit funds were traced to the personal accounts of former Managing Director Ahmed Kuru.

The latest testimony adds to a string of contentious claims emerging from the trial over AMCON’s 2017 takeover of Arik Air. The post Arik repaid 38% of foreign loans before takeover, EFCC witness…

The Economic and Financial Crimes Commission (EFCC) has tendered key Central Bank of Nigeria (CBN) meeting minutes as evidence in the N76bn fraud trial against former AMCON MD Ahmed Kuru, concerning the controversial Arik Air takeover.