Frauds & Scandals

Corruption Is Not “Fighting Back”…. ..It Never Went Away!

Culled—Proshare February 14, 2017/ Opinion by @OlufemiAWOYEMI There is nothing new to say again on the subject of corruption, whistleblowing and institutional failures. Well, maybe there is after the drama and collective pause by citizens last week over the disclosure of an obscene amout of $dollars in a non-descript building […]

AMCON Employs KPMG To Audit Finances Of Arik Air

13/2/2017/Sahara Reporters The Asset Management Corporation of Nigeria (AMCON) has employed the services of an auditing firm, KPMG, to look critically into the finances of Arik Air, which it took over last week, to determine its true financial status. This came after the immediate past President of the Aviation Round […]

SHOCKING: Arik almost an Empty Shell-New Management

11/2/2017/Arik Airlines The Asset Management Corporation of Nigeria (AMCON) has discovered deep rooted rot at Arik Airlines, which would require over N10billion to fix before the largest local carrier would resume full and uninterrupted flight operations to its regular routes across the country and beyond. The airline was on Thursday […]