Asset Management Corporation of Nigeria (AMCON) on Tuesday denied the Founder and chairman of Arik Air Limited, Joseph Arumemi-Ikhide access to the company’s head office at the Murtala Muhammed Airport, Lagos, despite court order granting directors and shareholders of the airline unfettered access to the premises. The Chairman of Arik with some of his aides tried to enter the […]
Six years after the Asset Management Corporation of Nigeria took over the management of Nigeria’s major carrier, Arik Air, the court has ordered that the agency should give account of the period it operated the airline, a development that may lead to the return of the airline to its founder. On Wednesday, the founder of […]
After few months of prevarication, THISDAY can authoritatively report that the Ethiopia Airlines has been negotiating management contract for Arik Air, which was taken over by the Asset Management Corporation of Nigeria (AMCON) in February this year owing to the debts owed it by the owners of the airline. THISDAY learnt that Ethiopia Airlines has […]
Says AMCON cooking up debt figures to justify Arik take-over Blames weakened naira for debt profile Founder of Nigeria’s biggest carrier, Arik Air, Joseph Arumemi-Ikhide, has said the take over of the airline by the Asset Management Corporation of Nigeria (AMCON) in a “commando style” was a bad signal to investors. Arumemi-Ikhide also accused AMCON […]
Chairman of Nigeria’s largest airline, Arik Air, Joseph Arumemi-Ikhide, reasons that the national airline that can work for Nigeria is a flag carrier, which would be driven by the private sector with the full support of government. He argued that the world is doing away with the national carrier model because it has proven to […]
