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BUSINESS/Focus Typical of many government agencies, allegations of mismanagement and impropriety dogged the Assets Management Corporation of Nigeria’s previous management boards until the coming of President Muhammadu Buhari with his wide-reaching anti-corruption reforms. One of the earliest appointments he made was that of Ahmed Kuru as the Chief Executive Officer of AMCON. Almost six years after, and a few months into his second term, Kuru’s proficiency in fiscal management and boots-on-the-ground approach to debt recovery has helped in no little way to stabilise the Nigerian economy, w...

Ahmed Kuru The CEO of Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, is adding a new varnish to the agency that is both brilliant and unprecedented. With this development in action, AMCON is better equipped to meet its vision of being a “key stabilising and re-vitalising tool in the Nigerian economy.” AMCON is one of those agencies that hold no scare or value for the average Nigerian, especially those at the lower tiers of the economy. However, for those that interact (in the billions and hundreds of millions) with banks, AMCON is like a cranky and old schoolteacher that is...

Share Unless Nigeria’s domestic airlines come together to form a formidable merger, profitability and progressive benefits inherent in airline business globally may continue to elude them. Reiterating this point at a conference organized by the Accident Investigation Bureau (AIB), in conjunction with aviation journalists in Lagos on ‘Prevention of human factors in air accident occurrences’, President of Aviation Round Table (ART), Elder Gbenga Olowo, expressed positivism towards the ongoing plans by three more airlines to join the existing domestic carriers across the country. This came...

Punch Newspapers Sections Okechukwu Nnodim The Asset Management Corporation of Nigeria has reached an advanced stage towards launching a multibillion naira airline by pooling together its aviation assets especially planes in debt-ridden Arik Air and Aerocontactors Airlines, findings by Sunday PUNCH have revealed. The new international airline, to be named Nigeria Eagle, may take to the sky with at least 10 planes as early as June, according to insiders who spoke on condition of anonymity because they were not authorised to speak on the matter. AMCON is expected to make an official statement ...