AMCON struggles to recover over N455 billion from Arik Air, risking taxpayer funds.

AMCON, a Nigerian debt recovery corporation, faces the challenge of recovering over N455 billion in debts owed by Arik Air and its affiliates, despite taking control of the airline in 2017. Liquidation of Arik Air remains an option to recover these funds. AMCON is responsible for recovering N4 trillion in total debts, and any failure could impact taxpayers. The corporation is backed by legal provisions to enforce debt recovery.

2 months ago
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