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AMCON pursues debt recovery, plans Arik Air liquidation
31 Jan 2025 13:05 GMT
… from several debtors, including Arik Air, which has been under … receivership since February 2017.
Arik Air is owned by Johnson … ; Nwauzor explained. "Arik Air owed AMCON NGN227.63 billion … [USD9 million]."
AMCON-Arik Air trial
Meanwhile, Nigeria…
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Arik Air: A promising airline facing turbulent debt crisis
24 Jan 2025 04:07 GMT
… (AMCON) and shareholders of Arik Air.
A rescue mission gone … profitability.
Nwauzor noted that Arik Air was taken over through … the disastrous handling of Arik Air under AMCON’s receivership, … “AMCON’s mismanagement of Arik Air under AMCON’s receivership has …
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AMCON Laying The Facts Bare On Arik Air Debts, Takeover
21 Jan 2025 06:45 GMT
… action.
The shareholders of Arik Air at every given opportunity … The debts included that of Arik Air, Rockson Engineering and Ojemai … the corporation stepped in, Arik Air was struggling with adequate … of the corporation in Arik Air by some stakeholders as …
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Arik Air Shareholders Dispute AMCON’s N455 Billion Debt Claim
21 Jan 2025 06:29 GMT
… by different business groups in Arik Air, AMCON also stated that … s audited account on the Arik Air website. The shareholders also … Communication stated that, given Arik Air’s insolvency at the time … like to reiterate that Arik Air was acknowledged for its …
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EFCC Arraigns Former AMCON MD, Others for Alleged N76bn, $31.5m Fraud against Arik Air
21 Jan 2025 04:30 GMT
… Kuru, for allegedly defrauding Arik Air of N76 billion and … Receiver Manager of Arik Air, Kamilu Omokide; Arik Air CEO, Captain Roy … Mohammed, a property of Arik Air Ltd.
Furthermore, the … s economic stability and Arik Air’s interests.
The prosecution …
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AMCON, Arik Air shareholders bicker over N455b debt, mismanagement
21 Jan 2025 03:02 GMT
… of Nigeria (AMCON) and Arik Air shareholders have traded fresh … in its handling of Arik Air under AMCON’s receivership. … the disastrous handling of Arik Air under AMCON’s receivership, … “AMCON’s mismanagement of Arik Air under AMCON’s receivership …
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Arik Air’s shareholders denies AMCON’s allegations on airline’s debt
20 Jan 2025 07:44 GMT
… 17 with which it took Arik Air into receivership and gained … to the law, liquidating Arik Air remains an option for it … false, AMCON’s claim that Arik Air was insolvent and mismanaged before … claim that it took over Arik Air under government mandate as …
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Arik Air Shareholders Debunk AMCON’s Insolvent Claim Before Takeover
20 Jan 2025 05:32 GMT
… to AMCON’s claims, Arik Air was meeting its financial …
The shareholders insisted that Arik Air before the receivership did … appointed receiver management for Arik Air have been laid bare … The debts included that of Arik Air, Rockson Engineering and Ojemai …
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Arik Air shareholders tackle AMCON over N455bn debt claim
20 Jan 2025 02:34 GMT
… by various business organisations in Arik Air.
Giving the breakdown of … business(es) on the Arik Air website, a document the … considering the state of Arik Air’s insolvency at the … before the forceful takeover, Arik Air was recognized for its operational …
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Shareholders refute AMCON’s claims on Arik Air, demand accountability
19 Jan 2025 18:44 GMT
… the handling of the Arik Air receivership.
Additionally, the … reports to misrepresent Arik Air’s financial standing … Arik Air under its receivership.
The statement read in part: “Arik Air … unaccountable sweating of the Arik Air aircraft and other assets …