Tag: takes over

  • More facts on AMCON’s aquisition of Arik Air

    More facts on AMCON’s aquisition of Arik Air

    The Asset Management Corporation of Nigeria,yesterday took over the operations of, Arik Air, and appointed Capt. Roy Ukpebo Ilegbodu as its new manager. TheNewsGuru.com gathered that the embattled airline was indebted to alone to the tune of over N300bn, with AMCON alone owed N135bn. Officials of the aviation arm of the Federal Ministry of Transportation…