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Supreme Court voids AMCON takeover of Lagos Hotel

A Federal High Court in Lagos had ordered the takeover of the company’s property by AMCON for not paying the loan obtained from the defunct Oceanic Bank.

Court orders Sen. Victor Umeh to repay N136m bank debt to AMCON

AMCON had told the court that Umeh got a loan of N23,250,000.00 from the now defunct Skye Bank in January 2008 “to enable him invest in and purchase shares of a financial institution in Nigeria.

Arik Airline will return to the owner if reasonable debt is paid - AMCON