13 results
- 4 Sept 2018
AMCON MD, Kuru Set To Deliver Nigeria Travelsmart Colloquium Lecture
Mr. Ahmed Lawan Kuru (ALK), Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), will on Tuesday October 9, 2018 at the Eko Hotels and Suites, Lagos, address…
- 15 Oct 2025
EFCC Witness Admits Arik Air Had N71Bn Bad Loan Before AMCON Takeover
A prosecution witness in the ongoing criminal trial involving the Economic and Financial Crimes Commission (EFCC) and former AMCON Managing Director, Mr Ahmed Kuru, has admitted that Arik Air Limited…
- 20 Mar 2019
AMCON Worries over Toxic Loans, Seeks Return of Failed Bank Act
Mr Ahmed Kuru, managing director, Asset Management Corporation of Nigeria (AMCON) has advocated the return of the failed bank Act in view of the resurgent huge toxic loans in the banking sector.…
- 27 May 2017
AMCON Recovers N134Bn in 2016
Ahmed Kuru, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, said the agency recovered N134bn in 2016. He stated this at a news conference in Lagos on Friday,…
- 30 Jan 2015
Heritage Bank Pledges to Make Enterprise more Successful
Heritage Bank may, in the coming days, formally unveil a grand plan to synthesize its operation with that of Enterprise bank in a move that will see the beginning of total transformation of Heritage…
- 7 Aug 2017
AMCON, EFCC to Raid Banks over Debts
Asset Management Corporation of Nigeria (AMCON), says it is collaborating with the Economic and Financial Crimes Commission (EFCC) as strategy to recover N4.6 billion from debtors across the country.…
- 28 May 2025
EFCC Witness Admits Writing Off Arik Air’s $2.3M Debt Amid N76Bn Fraud Trial
A former Group Executive Director of Union Bank PLC, Mr. Austine Obigwe, on Wednesday testified before the Lagos State Special Offences Court sitting in Ikeja, detailing how he wrote off a $2.3…
- 8 Dec 2025
EFCC Arik Case: Witness Testifies on Receiver Manager Nominee’s Role in NG Eagle Shareholding
The 4th prosecution witness in the ongoing trial of former AMCON Managing Director, Ahmed Kuru, on Monday continued to give the Special Offences Court in Ikeja, Lagos, ‘fresh insight’ into how the…
- 17 Mar 2025
AMCON vs. Arik Air: Lagos Court Adjourns High-Stakes Fraud Trial to March 19, 2025
Justice Mojisola Dada of the Lagos Special Offences Court has scheduled March 19, 2025, for the continuation of the trial involving Ahmed Kuru, the former Managing Director of the Asset Management…
- 28 Jul 2020
Nigerians, Firms Owe Banks N1.2Trillion- NBS
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria (CBN). Godwin Emefiele, governor, CBN This amounted to about 6.4 per…
- 10 Oct 2018
NTM Stirs Aviation Stakeholders on the Need for Corporate Governance
As part of its contributions to deepening conversations on the challenges and development of the aviation sector, NigeriaTravelsMart, an online aviation and travel publication held yet another…
- 19 Mar 2025
Court Rejects EFCC’s Document in N76 Billion Arik Air Fraud Trial
Justice Mojisola Dada of the Lagos Special Offences Court, Ikeja, has rejected a document presented by the Economic and Financial Crimes Commission (EFCC) in the ongoing trial of a former Managing…
- 10 Oct 2018
AMCON Says Some Local Airlines May Collapse Over Debt
Some Nigerian airlines are facing the risk of collapse under the weight of huge debts, according to the country’s Asset Management Corporation of Nigeria, set up to rescue banks from bad loans. “The…