Lack of good offers delaying sale of Arik, Aero—AMCON
The Asset Management Corporation of Nigeria (AMCON), has hinted that though there had been several investors both local and foreign coming for two airlines under its watch for core investment, their offers had been abysmal. According to the Head, Corporate…
More confusion as Polaris Bank MD differ with AMCON on tenure, sale
Barely one week after the managing director of defunct Skye Bank, now Polaris Bank, Mr. Tokunbo Abiru said in Ibadan that his board is working on the 2016 template given to them by the Central Bank of Nigeria (CBN) to…
Arik Air, Aero Contractors can take back their firms after debt recovery—AMCON
The Managing Director, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has opened up on the fresh terms and condition that will be met by both Arik Air and Aero Contractors before they will take over the running of the…
Building national carrier from combined assets of Aero Contractors, Arik toxic—AMCON
The viral speculation that government is working on a template, via the Assets Management Corporation of Nigeria (AMCON) to convert assets of Aero Contractors and Arik Airlines has been described as the most toxic business plan for the nation’s aviation…
