Developing Aviation Key To The Success Of The Economy – Aero CEO

Recently Captain Ado Sanusi, the Chief Executive Officer (CEO), Aero Contractors recently granted an interview to some select journalists on the activities of the airline, which is under the receivership of Asset Management Corporation of Nigeria (AMCON) and his summation is that the airline has fared better under the current management and showing prospects of gaining more mileage in the years ahead…excerpts What is the essence of the unveiling of the new cabin uniform and accessories? We are celebrating the new face of the cabin crew of Aero Contractors and…

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We Are Focused On Our Recovery Mandate, Not On Armchair Critics Of AMCON – Nwauzor

The takeover of Arik and Aero by Asset Management Corporation of Nigeria (AMCON) has two classes of followers; a larger majority who sing the praises of the government agency for stepping in to rescue the airlines and a few who oppose AMCON. But as the arguments for and against continue, MR. JUDE NWAUZOR, Head of Corporate Communications at AMCON and a seasoned journalist in this interview with our correspondent insists that the voice of the opposition regarding AMCON intervention in Arik and Aero must be ignored because their arguments cannot…

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Taking Loan In Itself Is Not A Bad Thing, It Becomes Bad When You Don’t Want To Pay Back – Ahmed Lawan Kuru

Ahmed Lawan Kuru is a career banker with professional experience spanning over three decades across Investment Banking, Risk Management, Operations, Human Capital Management and Marketing amongst others. Prior to his appointment as the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON) by the Presidency on August of 2015, Kuru served as the Managing Director/CEO of erstwhile Enterprise Bank Limited. His ingenuity at turning the then beleaguered bank around and returning it to profitability earned him the famous name in the financial sector as the turn-around-agent. Confronted with a…

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Debt Collection Is One Of The Most Difficult Jobs To Do – Kuru

Ahmed Kuru

Mr. Ahmed Kuru, Managing Director of the Assets Management Corporation of Nigeria (AMCON), does not have an easy job. The entity, which he heads acquired non-performing loans (NPLs) of banks and in pursuit of the corporation’s mandate as provided by the AMCON Act 2010, he is constantly interfacing with men of power and influence who could not meet their debt obligations to financial institutions. From banking to aviation, his footprints are obvious as he goes about recovering bad loans. This has cost him treasured friendships in some cases and expanded the…

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Those That Are Interested In Daily Times Newspapers Must Buy It From Me As I Bought From Fed. Government – Anosike

SONY DSC

Mr. Fidelis Anosike, the lucky investor, who bought the Daily Times Plc conglomerate during the privatization programme of the government during former President Olusegun Obasanjo’s administration spoke with a select journalists in Abuja recently on why he marking the 91 years anniversary of Daily Times with a big award, which he tagged Times Heroes Awards. Your newspaper will be 91 this week, what is the motive behind the celebration? It is not a motive; it is an inspiration. Ninety-one years of Daily Times creates a platform for us to inspire…

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Had AMCON Not Intervened In Arik, Airline Would’ve Died – Capt. Ilegbodu

Captain Roy Ilegbodu

Two months after Captain Roy Ilegbodu assumed office as the Chief Executive Officer of embattled Arik Airlines he spoke to a select group of news and business journalists about all the efforts his team is making to reposition the ailing airline. Ilegbodu also spoke about the role of Asset Management Corporation of Nigeria (AMCON) led by Mr. Ahmed Kuru and the plethora of challenges facing the aviation sector in the country. Can we have an overview of what you have done since you took over the management of Arik Air?…

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It Is Challenging Leading AMCON At A Time Like This – Kuru

AMCON CEO

What can you tell us are the efforts you have made so far in the recovery process of bad loans? Recovery is a technical word that describes you getting something back. In that context, it is not an easy thing particularly in an economy that is a bit challenged like our own economy. Having said that, I am not going to pretend about the assignment at AMCON. Therefore I will tell you straightaway that since we came on board, it has been difficult and challenging for us. Number one, this…

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