AMCON Archives - Aviation metric

Arik, AMCON endless messy tango

Posted on January 21, 2025January 21, 2025 by Wole Shadare

The question on the lips of many who have followed the Arik Air saga is how long will this drama continue to play out? WOLE SHADARE examines various positions of the feuding parties Ominous sign It is becoming very clear that Arik Air may be liquidated by the time the Assets Management Corporation of Nigeria (AMCON) vacates all the litigations instituted by the airline’s founder, Mr. Johnson Arumemi-Ikhide. It seems as the only option left to mitigate…

AMCON: Why we took over Arumemi-Ikhide’s three firms, vows to recover N227.6 billion Arik debt

Posted on January 17, 2025 by Wole Shadare

Unmoved by what it termed peddling of falsehood, the Assets Management Corporation of Nigeria (AMCON) on Friday said there is no going back on the corporation’s effort to N227,637,469,394.34 billion owed by Arik Air saying it would not be intimidated by the debtors alleged sponsored media attacks and resistance to pay. Putting the record straight, spokesman for AMCON, Jude Nwauzor who briefed the media in Lagos disclosed that the firm needed to correct some misinformation…

FACTS OF INDEBTEDNESS: SIR JOHNSON ARUMEMI-IKHIDE/ ARIK TO ASSET MANAGEMENT CORPORATION OF NIGERIA

Posted on October 11, 2023October 11, 2023 by Wole Shadare

By Jude Nwauzor The Asset Management Corporation of Nigeria (“AMCON” or “Corporation) has become aware of a recent newspaper article written by Sir Johnson Arumemi-Ikide and published in ThisDay Newspaper on September 27, 2023. In the article, Sir Johnson made several spurious claims, which are at best a misrepresentation of facts and an attempt to besmirch the integrity and reputation of AMCON in the fulfilment of its statutory mandates and objectives. While it is…