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Breaking News | Business 10 years after AMCON takeover, Aero Contractors to shut helicopter wing

Views: Visits 155 Ten years after the Asset Management Corporation of Nigeria (AMCON) took over the management of the once bubbling Aero Contractors, the airline is set to liquidate its helicopter wing operations. due to lack of equipment. The airline has also decided to either declare its workers, pilots, engineers and other complementary staff redundant or embark on leave-without-pay. As at the time AMCON took over the management of the airline, Aero Contractors had no fewer than eight helicopters (rotary wing) and nine aircraft (fixed wing), but its helicopters had dwindled to just one in the last one year.

Port harcourtRivers stateAsset management corporation of nigeriaAsset management corporationAero contractorsAero contracபோர்த் ஹர்கார்ட்ஆறுகள் நிலைசொத்து மேலாண்மை நிறுவனம் ஆஃப் நைஜீரியாசொத்து மேலாண்மை நிறுவனம்வான ஊர்தி ஒப்பந்தக்காரர்கள்

AMCON needs radical powers to recover N5tn debt – Punch Newspapers

Punch Newspapers Sections Nike Popoola The Chief Judge of the Federal High Court, Justice John Tsoho, has said although Nigerian banks were restructured prior to the 2008/2009 financial crisis through consolidation, the restructuring was not able to shield the Deposit Money Banks in the country from the effects of the crisis. He said this was due to all manners of recklessness in the banking system, which the Asset Management Corporation of Nigeria was battling to correct. The chief judge said there was a need for AMCON to be equipped with radical powers that were disconnected from common sense, which would make it possible for the corporation to meet its mandate.

Abuja federal capital territoryJustice john tsohoJustice tsohoCentral bankAsset management corporation of nigeriaHigh courtChief judgeFederal high courtDeposit money banksAsset management corporationகூட்டாட்சியின் மூலதனம் பிரதேசம்மைய வங்கிசொத்து மேலாண்மை நிறுவனம் ஆஃப் நைஜீரியாஉயர் நீதிமன்றம்தலைமை நீதிபதிகூட்டாட்சியின் உயர் நீதிமன்றம்

Lawan Refers AMCON, NDIC Nominees for Screening

Ahmad Lawan The Senate President, Ahmad Lawan, has referred the nominations of Ahmed Kuru as Managing Director; Ebelechukwu Uneze; and Aminu Ismail as Executive Directors of the Asset Management Corporation of Nigeria (AMCON) to the Committee in Banking, Insurance and other Financial Institutions for screening. Also forwarded to the Committee yesterday during plenary were the nominations of Bello Hassan as Managing Director; and Mustapha Muhammed Ibrahim as Executive Director of the Nigerian Deposit Insurance Corporation (NDIC). President Muhammadu Buhari in a letter dated December 7, 2020, had requested the Senate to confirm the appointments of the nominees. According to the president, both requests were made in accordance with Section 10(1) of the Asset Management Corporation of Nigeria (AMCON) Act, 2010; and in compliance with Sections 5(4) and 8(3) of the Nigeria Deposit Insurance Corporation Act, 2010.

Ebelechukwu unezeMustapha muhammed ibrahimAhmad lawanMuhammadu buhariNigeria deposit insurance corporationCommittee in bankingNigerian deposit insurance corporationAsset management corporation of nigeriaSenate presidentAhmed kuruManaging directorAminu ismailExecutive directorsAsset management corporationFinancial institutionsBello hassan

AMCON seizure: Firm asks court to unfreeze assets

AMCON seizure: Firm asks court to unfreeze assets
thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.

Idris animasahaunRobert egbeClement clem baiyeChrist ezeAfolabi owolabiFalobi owolabiJustice muslim hassanJustice hassanAlade bashirCredence asset managementForm coVerity associatesAsset management corporation of nigeriaVerity communicationsCapital consortiumAlidan investments

Concession: FG set to invite bidders for Lagos, Abuja, PH, Kano airports

Concession: FG set to invite bidders for Lagos, Abuja, PH, Kano airports
punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.

Port harcourtAbuja federal capital territoryOkechukwu nnodimJude nwauzorMuhammadu buhariJames odauduPublic affairsNational assemblyMinistry of aviationAsset management corporation of nigeriaFederal governmentFederal ministryArik airAero contractorsAsset management corporationMajor general muhammadu buhari