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 in ...

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In a rekindled bickering over the airline's financial status, the Asset Management Corporation of Nigeria (AMCON) and Arik Air shareholders have traded fresh accusations over the embattled airline ...

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It is becoming very clear that Arik Air may be liquidated by the time the Assets Management ... Arik at its inception was seen as a model for the airline business in the country. The carrier operated ...

noted that Arik Air had always been a model in operational excellence and never had insolvency issues They noted that they would not be joining AMCON to make further comments over a matter that is ...

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 ...