ARISE TV OWNER FACES CHALLENGES
Nigeria’s Asset Management Corporation (AMCON) has taken over General Hydrocarbons Limited (GHL), owned by media mogul Nduka Obaigbena, due to a loan dispute with First Bank, now chaired by billionaire Femi Otedola. The receivership marks a significant setback for Obaigbena, whose business empire spans media and energy.Analysts warn the move could impact his other flagship…
