Arik Air shareholders have described as baseless, the AMCON claims that it is indebted by over N455 billion The shareholders, who are represented by Godwin Aideloje, noted that Arik Air had always ...

The shareholders of Arik Air has denied the claim of the As­set Management Corporation of Nigeria (AMCON) that the airline was insolvent before it took over its control on Febru­ary 9, 2017. Rather, ...

Nigeria's state-owned Asset Management Company (AMCON) is determined to recover debts of NGN228 billion naira (USD149 million) from Arik Air (W3, Lagos ), while plans to liquidate the airline remain ...

Asset Management Corporation of Nigeria, AMCON, Friday, refuted claims that a domestic carrier, Arik Air Limited, did not default in servicing its obligations to aircraft suppliers and trade ...

The Asset Management Corporation of Nigeria has insisted that it will recover all the debt owed by a Nigerian carrier, Arik Air. AMCON, which is currently managing the airline in receivers ...

Speaking at a briefing in Lagos, head of AMCON’s Corporate Communications Unit, Mr Jude Nwauozor, said some institutions such as Arik Air and about 12, 000 others have demonstrated resistance in ...

The move is aimed at enforcing a court judgment obtained by Dan Air against Arik Air Limited in a foreign jurisdiction. A Romanian airline, Dan Air, has approached the Nigerian High Court to ...

The charges, which SaharaReporters, alleged their involvement in the mismanagement of funds belonging to Arik Air Limited totalling a staggering N130 billion. The charges were filed at the Ikeja ...