Thursday, June 18, 2026

AMCON

May 4, 2026

INSIDE: Tunde Ayeni’s long-running encounter with Nigeria’s EFCC

Here is where the story took a turn that drew sharp criticism from civil society.

Tunde Ayeni and Ola Olukoyede
August 8, 2024

Arik Air resumes operations as FG lifts suspension

The court order stemmed from a $2.5 million debt owed by Arik Air to Atlas Petroleum International Ltd.

Arik Air Logo
December 31, 2022

EXCLUSIVE: In plot to be CBN governor, official rejects N1 trillion bid for Polaris; sells bank N50 billion to Mamman Daura, Tunde Sabiu, Auwal Gombe

The only female deputy governor has steered several missteps that went unreported, but her involvement in a scheme to topple her boss has grown too elaborate for ceaseless secrecy.

Mamman Daura, Aishah Ahmad and Yusuf Tunde Sabiu (Credit: Ahmed Oluwasanjo/Peoples Gazette)
December 8, 2022

Appeal Court reverses Polaris Bank’s sale of Intercontinental Hotel

In a unanimous judgment, three judges of the court ruled that Milan Industries had fully reimbursed the bank for the N2 billion mortgage facility it obtained from Polaris Bank.

Polaris Bank and Intercontinental Hotel, Lagos
November 10, 2022

AMCON debt recovery committee submits report to Osinbajo

The inter-agency committee set up by the federal government on the recovery of debts owed AMCON has submitted its report to Vice President Yemi Osinabjo.

Vice President Yemi Osinabjo and AMCON
August 2, 2022

EXCLUSIVE: CBN to sell Polaris Bank for N40 billion to Auwal Gombe, IBB’s in-law, after rescuing it with N1.2 trillion

Godwin Emefiele and other wheeler-dealers could squeeze more for Nigerians by advertising the bank rather than a secret sale that would benefit only those conducting the backroom talks.

Godwin Emefiele, Polaris Bank and Auwal Abdullahi Gombe
July 6, 2022

Fidelity Bank to take over Kano, Benin, Kaduna DISCOs

“Also, with the takeover of Ibadan DISCO by AMCON, the BPE has obtained approval from NERC to appoint Kingsley Achife as the interim managing director.”

Fidelity Bank
January 21, 2022

AMCON seizes Ibadan Electricity from Tunde Ayeni

The takeover includes the assets, shares and interests in related companies and entities, in addition to the monies kept in banks.

Tunde Ayeni, IBEDC, AMCON
November 12, 2021

AMCON supports 3 corps members with N1.5 million for self-employment

The initiative involves a business plan contest among corps members serving in the organisation.

NYSC Corp members used to illustrate the story.
August 10, 2021

Police raid Lagos newspaper over story exposing corruption, debts at Dangote refinery

The police invaded the media company after the Dangote refinery spokesman failed to get the newspaper to pull down the story.

Police and handcuff