Saturday , 10 June 2023
5N-BKV Arik Air De Havilland Canada DHC-8-402Q Dash 8. Picture Credit : Planespotters.net

KPMG yet to complete audit of Arik Air’s books, uncovers new debts

AUDITING firm, KPMG, hired to look into the books of Arik Air is said to have uncovered newer debts from the airline’s previous management but is yet to complete its audit of the airline and so has not put a figure to the total debts, a source has told Nigerianfligfhtdeck.com.

The media has been awash with an extra N20.5billiondebt uncovered by the auditors  however, the source has said that although newer debts have been uncovered the amount is yet to be ascertained as the audit is still ongoing.

He explained to our reporter that KPMG was supposed to have completed the audit a month ago but due to lack of transparency and disclosure from the former managers of the airline, the audit has been extended.

“In truth, KPMG has discovered more liabilities of the airline but is yet to complete the audit so it can provide the entire figure plus the previous management has refused to cooperate and that is why it is taking a while.”

Following takeover of Arik Airline by the Asset Management Corporation of Nigeria (AMCON), with appointment of Receiver, Mr. Oluseye Opasanya, the need for further check on its financial records led to appointing KPMG.

It could be recalled that new management of the airline had on February 2017 set out to give Arik Airline a new start, with a forensic and diagnostic audit of the finances of the airline to ascertain the true state of things, few months after it came under receivership.

AMCON had said that the review would among, other things cover assets and liabilities and their utilization; recording and utilization of loans; and propriety of third-party transactions.

It will also introduce fraud controls mechanism over procurement, agents and business partners and financial reporting, and airline’s financial position as of January 31, 2017.

About NigerianFlightDeck

Nigerianflightdeck is an online news and magazine platform reporting business stories with a bias for aviation and travel. It is borne out of the intention to inform, educate as well as alter perceptions with balanced reportage.

One comment

  1. AMCON cannot absolve itself from the financial mess that Arik got itself into. Twice before Arik got the federal government intervention fund, AMCON had helped Arik to reschedule or renegotiate loans of about N260bn with about 7 creditors banks. AMCON never saw anything wrong in a private company of single ownership owing that much. How much would a public enterprise owe banks before AMCON would take it over? Trillion? Some private companies, AMCON and NSE need to learn some lessons from Dangote and find out how he gets all its companies to the capital market within 2 years he establishes any.

slot pulsa

slot pulsa tanpa potongan

slot deposit via pulsa

slot deposit pulsa tanpa potongan

slot deposit 10000 tanpa potongan

slot pulsa tanpa potongan

slot deposit pulsa tanpa potongan

slot pulsa

slot deposit pulsa

slot pulsa tanpa potongan

slot deposit pulsa

slot deposit pulsa

deposit pulsa tanpa potongan

https://stevenfoster.com/slot-deposit-pulsa/

wolf gold

wild west gold

the dog house

sword of ares

sweet bonanza

sugar rush

starlight princess

starlight christmas

rabbit garden

pyramid bonanza

power of thor

joker jewels

hand of midas

great rhino

gates of olympus

gates of gatotkaca

fuirt party

fire88

bonanza gold

deposit pulsa tanpa potongan

sbobet

sbobet

slot deposit pulsa

https://np3.com.br/css/mahjong-ways/

https://www.designerds.be/slot-bonus/

https://greenwichvillagevabeach.com/slot-bonus/

https://junex.com/slot-bonus-100/

https://thefranklinjohnstongroup.com/slot-deposit-pulsa/

https://socialbalance.be/slot-deposit-dana/

https://elegamingle.com/wp-content/slot-nexus-engine/

slot pulsa tanpa potongan

slot pulsa tanpa potongan

slot bonus 100 to 3x

slot bonus 100 to 3x

nexus slot

nexus slot

slot gopay

rtp slot

slot deposit via dana 10 ribu

https://pointeatpickettfarm.com/wp-includes/slot-deposit-pulsa/

https://pri-israel.com/wp-includes/slot-deposit-dana/

https://aadun.um.edu.my/

https://dmd.dourados.ms.gov.br/app/rtp-slot-gacor/

https://human.rru.ac.th/wp-content/uploads/2023/slot-depo25-bonus25/

https://progresshotel.be/wp-content/slot777-slot-bonus/

https://podcast.peugeot.fr/

https://ci-csd.everymatrix.com/

https://beta.media.nhra.com/

https://pgdownloads.enterprisedb.com/

https://www.mortgageebill.huntington.com/

slot bonus new member

slot deposit pulsa tanpa potongan

rtp

sbobet

slot dana 10 ribu

slot dana 10 ribu

slot dana 10 ribu

slot deposit pulsa

slot deposit pulsa

slot deposit pulsa

slot deposit pulsa

slot pulsa

slot pulsa

slot pulsa

slot deposit pulsa tanpa potongan

slot deposit dana

slot deposit dana

judi bola

slot deposit pulsa

depo 25 bonus 25

slot via dana

slot mahjong

depo 25 bonus 25

slot linkaja

slot gopay

slot ovo

https://ilfracombegolfclub.com/wp-includes/slot-bonus-new-member/

https://auditsocial.world/wp-includes/slot-bonus-new-member/

https://hkmedicalconsultants.com/js/slot-bonus-100/

https://www.sunraysiascouts.org.au/wp-includes/slot-bonus-100/

https://mayabeachhotel.com/wp-includes/slot-bonus/

https://oakhillbulkfoods.com/wp-includes/slot-bonus-100/

https://sensirestaurant.it/wp-includes/rtp-slot/

https://ujalapk.net/wp-includes/rtp-live/

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

https://hightidekinsale.com/wp-includes/sbobet/

https://advantagehomecare.com/wp-includes/sbobet/

https://micg-adventist.org/wp-includes/slot-gacor/

http://nvzprd-agentmanifest.ivanticloud.com/

daftar sbobet

https://brentfordgymnasticsclub.com/wp-includes/sbobet/

https://jenniferallenlaw.com/wp-includes/sbobet/

https://phuonghoangschool.com/wp-includes/

slot bonus new member 100 di awal

sbobet

https://eurofeld.com/wp-includes/slot-gacor/

https://soroptimistpalmdesert.org/wp-includes/slot-gacor/

https://netfurniture.co.uk/wp-includes/slot-gacor/

sbobet88

sbobet

game slot gacor

slot deposit gopay

https://crazy.ro/wp-includes/slot-bonus/

RTP Live

slot gacor gampang menang

rtp live

judi bola

depo 100 bonus 100

Slot Online

Slot Joker Gaming

slot deposit

https://topnotchlocs.com/slot-gacor/

https://marcellolinhares.com/rtp-slot/

https://exoticmysticism.com/wp-includes/casino-online/

https://www.chanchap.com/wp-includes/baccarat-online/

pragmatic play

judi baccarat online

live casino

slot88

slot

baccarat uang asli

Slot Server Thailand

https://ngoisaoamnhac.vn/slot-nexus/

https://comkresloff.ru/wp-content/slot/

http://slotmaxwin.org/

https://www.victhorvieira.com/forum/discussoes-gerais/daftar-situs-slot-bonus-new-member-100-selalu-gacor-gampang-menang-bonus-new-member-100-ke-rendah-kecil-3x-5x-6x-7x-8x-10x-di-awal

https://www.delakkerij.be/slot-nexus/

https://lobsterbaylombok.com/slot-deposit-pulsa/

https://smaalbina.com/wp-includes/slot-bonus/

https://solargostaran.com/slot-deposit-pulsa/

https://hort.hdut.edu.tw/wp-includes/slot-nexus/

https://boogoomusicfest.com

https://thesummerhouseapts.com/wp-content/slot-nexus-engine/

https://spaziosicurezzaweb.com/slot-deposit-pulsa/

https://namaaestetic.com/wp-content/slot-nexus-engine/

https://asbcred.com.br/wp-content/slot-pulsa/

slot pulsa

slot deposit pulsa

https://usasgvote.usa.edu.ph/js/slot-bonus/

slot bonus

slot bonus new member

slot bonus 200

slot bonus 200 di depan

https://www.dqsy.vn/slot-bonus/

https:https://captiva.be/slot-bonus/

http://palais-rouge.com/wp-includes/slot-nexus/

slot deposit dana

slot dana

slot deposit dana

daftar slot via dana

https://vrpgessoeconstrucoes.com.br/wp-includes/slot-deposit-dana/

slot pakai dana

deposit dana

deposit dana

deposit dana

deposit via pulsa

deposit via pulsa

nexus engine slot

sbobet login

https://saberrentalcar.com/wp-includes/slot-deposit-dana/

https://cosmoroyale.com/wp-includes/slot-deposit-pulsa/

slot dana

slot-nexus

nexus slot

slot nexus

slot dana

slot nexus

slot server luar negeri

rtp slot

slot dana

slot nexus

slot dana

slot bonus 100 to 3x

slot server thailand

slot server kamboja

slot server luar negeri

slot server kamboja

slot server thailand

slot server kamboja

slot server thailand

slot server thailand

slot server thailand

slot server kamboja

slot server thailand

slot server kamboja

slot server thailand

slot server luar negeri

slot server kamboja

slot server vietnam

slot server thailand

slot server kamboja

slot server luar negeri

slot deposit pulsa

slot bonus 100 to 3x

slot online

slot deposit dana

daftar sbobet

slot deposit via dana 10000

slot deposit via dana 10000

slot deposit pulsa

https://thesmartoilet.com/wp-includes/slot-deposit-pulsa/

https://choviettrantran.com/wp-includes/slot-deposit-pulsa/

https://kreativszepsegszalon.hu/wp-includes/slot-deposit-pulsa/

https://www.muaythaionline.org/wp-includes/slot-deposit-pulsa/

slot server kamboja

slot server vietnam

slot server myanmar

slot server thailand/

slot server myanmar/

server luar slot

slot server thailand

slot server luar negeri

slot server thailand

slot thailand

slot server vietnam