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    • Arik Air

Arik Air Newsletter
  • 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…

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

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