The other defendants in the trial are former Receiver Manager of Arik Airline Ltd, Kamilu Omokide, Chief Executive Officer of the airline, Captain Roy Ilegbodu, Union Bank and Super Bravo Ltd.
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Head, Corporate Communications of AMCON, Jude Nwauzor, made this known during an interactive session with aviation correspondents.
Ever since the current administration, led by President Bola Ahmed Tinubu GCFR, assumed office, AMCON has observed from the sidelines the desperate approach of some obligors especially the promoters of Arik Air, led by Sir Johnson Arumemi-Ikide. They have continued to employ and deploy all manners of skewed narratives to malign the management of AMCON, including its past and present management. These narratives have been consistent in trying to portray Sir Johnson Arumemi-Ikide as a saintly businessman. But the harder they try, the more the obligor glows more like a white sepulcher.
The takeover of Aero culminated in the dissolution of its board and subsequent appointment of a manager to run it in an interim capacity.
Senator Abiru revealed this development in his speech at the 2024 Senate Committee on Banking’s retreat with AMCON over the weekend.
This, the Managing Director and CEO argued, is crucial to the corporation’s success in recovering billions of naira in outstanding debts.
The Managing Director/Chief Executive Officer of AMCON, Gbenga Alade, revealed this on Monday in Ikeja, Lagos State.
At the heart of AMCON’s statutory mandate are the recovery of NPL and the enforcement and realisation of collateral
The appointment, confirmed in a State House statement, on Wednesday, will be pending confirmation by the Senate.
Justice Emmanuel Agim of the Court of Appeal in his judgment dismissed the appeal brought to it by AMCON.
Justice Inyang Ekwo gave this judgment in the suit, marked: FHC/ABJ/AMC/12/2022, in Abuja on Tuesday.
It lamented the loss of N146 billion the corporation recorded in its operation in the past 12 months.
From all indications, the Asset Management Corporation of Nigeria may still have a long way to go in meeting its recovery mandate.
“The challenge of Sir Arumemi Johnson’s Arik Air Limited (in Receivership) under the auspices of the Asset Management Corporation of Nigeria (AMCON), may seem difficult, but the situation is not irredeemable. There is always a way out of every resolution situation however, there must be a situation of give and take, which is what we (AMCON) have been trying to achieve. We are ready to sit down with the owner or owners of Arik if they are ready to agree on what makes sense to us, to them, and the federal government.
The House of Representatives has threatened to invoke its constitutional power on the Integrated Payroll and Personnel Information System, Budget Office and Assets Management Company of Nigeria over failure to appear before it.
The Federal High Court has refuted a report that the Asset Management Corporation of Nigeria and Nigerian Financial Intelligence Unit funded the training of its judges in London, United Kingdom.
Justice Chukwujekwu Aneke in his ruling on interlocutory injunction sought by defendants in the suit specifically restrained the AMCON from alienating, selling, disposing or transferring the IBEDC pending the final determination of the suit before it.
A statement by the Office of the Vice President, Prof. Yemi Osinbajo (SAN), revealed this development on Wednesday.
The House said the suspension should be until the CBN deposit Insurance Corporation and the Asset Management Corporation of Nigeria concluded all processes for open, transparent, and competitive bid process.
The dismissal is contained in a press release issued Friday by the Bank’s management.