Tag: Arik Air
Union Bank Sold Guarantee as Loan, Ex-AMCON Director
“It was in that London meeting that we first knew what Union Bank sold to us was not a loan, but a guarantee. The...
Lufthansa certified Arik Air aircraft airworthy in 2009
“I participated in the inspection of Arik Air’s 26 aircraft. The Lufthansa Technic team confirmed they were all serviceable. I had no reason to...
Arik Air Airlifts 2.2m Passengers in 2024-NCAA
"Moving 19.3% of Nigeria's domestic passengers under receivership is exceptional. Despite legal and financial hurdles, Arik maintained operational stability."
Arik Air transported 2,239,176 passengers...
Court Rejects EFCC’s Document in N76 Billion Arik Air Fraud Trial
Justice Dada ruled that the witness, not being part of the EFCC’s investigative team or an AMCON official, could not tender the document.
BY ANTHONY...
$1.6m, £282,905 Unpaid Entitlements: Arik’s 39 Expatriates Lament Eight-Year Plight
Attempts to engage AMCON and Arik Air have yielded limited results. In a 2017 email from Arik’s Human Resources department, the airline acknowledged the...
NGN227.64 billion debt: Why AMCON Assumed Control of Arik Air
BY ANTHONY OMOH
The Asset Management Corporation of Nigeria (AMCON) has explained its decision to take over Arik Air (in Receivership), citing the airline’s overwhelming...
Falana’s warning sparks legal showdown over Arik Air assets in defiance...
Femi Falana has threatened contempt proceedings against Nigeria Civil Aviation Authority for potential disobedience of a federal high court judgment.
Falana, Arik Air Shareholders Counsel,...
 Arik Air’s Ground Operation VP faces termination amidst questions
Hamza Bukar, Arik Air's Vice President Ground Operation, faced termination as NG Eagle sought personnel secondment. His termination letter, signed by VP Human Resources...
EFCC detains, releases AMCON Receiver Manager, others over alleged N120bn Arik...
Following a story broke by NigerianFLIGHTDECK with regards Arik Air, the Economic and Financial Crimes Commission ( EFCC) yesterday detained Asset Management Corporation of...
EFCC storms Arik Air in Receivership compound, inspects records, examine over...
Airline founder Johnson Ikhide responds EFCC summons
Receiver Manager at large as anti-graft agency moves in to investigate fraud, asset stripping
It would seem, the Economic...
