AMCON pursues debt recovery, plans Arik Air liquidation
Nigeria's state-owned Asset Management Company (AMCON) is determined to recover debts of NGN228 billion naira (USD149 million) from Arik Air (W3, Lagos), while plans to liquidate the airline remain in place as attempts to revive it have failed. This was the word from AMCON spokesman Jude Nwauzor, who explained to local reporters that the state-owned [...]