• Buhari directs EFCC to release N10b recovered fund to NBC

    Buhari directs EFCC to release N10b recovered fund to NBC

    President Muhammadu Buhari has directed the Economic and Financial Crime Commission (EFCC) to release the N10 billion recovered loot to the National Broadcasting Commission (NBC).

    The fund was part of the proceeds from the sales of spectrum made by the past administration which was diverted.

    NBC Director General, Mr. Ishaq Modibbo Kawu, revealed this Thursday while briefing Journalists in Abuja on the forthcoming International Conference for African Broadcasters (AFRICAST) which is expected to be attended by more than 700 people from the […]

  • AMCON takes over Airijet Airlines over N10b debt

    AMCON takes over Airijet Airlines over N10b debt

    Justice Chuka Austine Obiozor of a Federal High Court, Lagos Division has ordered the Assets Management Company of Nigeria, AMCON, to take over Afrijet Airlines Limited.

    The company is allegedly owing AMCON nearly N10 billion.

    The order also affects Ibe’s Continental Aviation Services Limited. AMCON has since appointed Prof. Gbolahan Elias, SAN, as Receiver/Manager.

    At about 11:00am Friday, the Receiver/Manager took possession of the assets of Chief Ibe, including Afrijet Plaza, the corporate head office of the airlines located on Sheraton-Opebi Link Road […]