-
Asset Management Corporation of Nigeria freezes ARISE TV and ThisDay assets over $225.8 million debt.
-
Chairman Nduka Obaigbena challenges the move in court, alleging unfair treatment.
-
Observers raise concerns over media independence amid financial and regulatory pressures.
The future of ARISE TV and its sister publication, ThisDay, remains uncertain after the Asset Management Corporation of Nigeria (AMCON) issued a receivership notice on November 6, 2025.
The directive reportedly froze assets linked to the media group due to an estimated $225.8 million debt tied to loans facilitated by First Bank.
READ ALSO: Police Arrest 12 Suspects Over Death of Arise TV Presenter
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
The action has triggered speculation about the station’s operational sustainability and potential restructuring of ownership.
In response, ARISE TV Chairman Nduka Obaigbena filed a legal challenge, describing AMCON’s move as unfair and politically motivated.
Industry analysts note that this development highlights the complex intersection of financial institutions, regulatory enforcement, and media independence in Nigeria. As AMCON intensifies its recovery efforts and investors such as FBN Holdings Chairman Femi Otedola expand their influence, the editorial and financial stability of ARISE TV remains under scrutiny.
