The Asset Management Corporation of Nigeria (AMCON) has taken over possession of properties belonging to Afrijet Airlines Limited, owned by Chief Vitalis Ibe. This followed the decision of Hon. Justice Chuka Austine Obiozor of the Federal High Court Lagos Division which granted an interim injunction...

The Asset Management Corporation of Nigeria has sealed the Abuja, Lagos and Port Harcourt premises of Silverbird Galleria belonging to Senator Ben Murray-Bruce. The Abuja Galleria currently houses the Abuja studio of the senator’s Rhythm FM radio station and Silverbird Television station as well as his...

The Group Chairman of NICON Investment Limited, Barrister Jimoh Ibrahim, has said that nobody in Nigeria can seize his properties. Reacting to a report which said a Federal High Court sitting in Lagos had given Assets Management Company of Nigeria, AMCON, an interim judgement to...

The Federal High Court, Lagos Division, has granted an interim injunction against NICON Investment Limited, Global Fleet Oil and Gas Limited and Barrister Jimoh Ibrahim on the application of the Asset Management Corporation of Nigeria (AMCON). Justice Saliu Saidu, while granting the order on the...

The Federal Government has inaugurated a Presidential inter-agency committee on the recovery of loans of commercial banks and corporate organisations bought over by the Asset Management Corporation of Nigeria (AMCON). The spokesperson for the Attorney-General of the Federation and Minister of Justice, Mr. Salihu Isah,...

Federal government  has said the proposed establishment of a national carrier was to enhance competition in the nation’s aviation sector. The Minister of State, Aviation, Senator Hadi Sirika, disclosed this in Abuja while receiving the leaders of Air Transport Senior Staff Association of Nigeria, ATSSSAN, led...