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Ahmed Kuru, Proving His Mettle at AMCON


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, writes Lanre Alfred
Unlike the middling marabou, the miracles of Malam Ahmed Kuru, the Managing Director/Chief Executive Officer of the Assets Management Corporation of Nigeria (AMCON), aren’t deceptive in nature rather; each one is an event that creates faith in his abilities as a fiscal guru and turn-around-manager. The AMCON boss is not just an administrative managing director but ....

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4 airlines set to launch operation


One of Nigeria’s foremost airlines, Azman Air, started the year on a promising note with the acquisition of its second Airbus A340-600 aircraft. The second delivery came barely a year after the first wide-bodied aircraft was purchased.
Though aviation globally was hit by the pandemic last year, Azman’s plan to launch an international operation was disrupted last year by the pandemic just as it couldn’t deploy the aircraft for Hajj as planned.
But the airline said with the acquisition of the second Airbus and three additional Boeing 737-800 planes, it would dominate the Aviation Market in 2021. ....

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AMCON to float international airline with Arik, Aero planes


Punch Newspapers
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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 on the deal very soon.
It was learnt that AMCON, a Federal Government-owned bad debt manager which owns controlling stakes in both Arik and Aero, chose to establish the new airline as a clever means of wriggling out of the multibillion naira liabilities currently hanging on the two carriers. ....

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Arik Air keeps mum on AMCON's planned international airline – Punch Newspapers


Punch Newspapers
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Kayode Oyero
Indigenous debt-ridden airline, Arik Air, has refused to speak on the move by the Asset Management Corporation of Nigeria to use its aviation assets especially planes to launch a multibillion naira airline.
The PUNCH had exclusively reported that the new international airline planned by AMCON, to be named Nigeria Eagle, may take to the sky with at least 10 planes as early as June, according to insiders.
It was also learnt that AMCON, a Federal Government-owned bad debt manager which owns controlling stakes in both Arik and Aero Contractors, chose to establish the new airline as a clever means of wriggling out of the multibillion naira liabilities currently hanging on the two carriers. ....

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