The intervention, according to the Asset Management Corporation of Nigeria (AMCON), clearly underscores the government’s commitment to instilling sanity in the country’s aviation sector and prevent a major catastrophe. The airline will now be managed by Roy Ukpebo Ilegbodu, an aviation expert, under Mr Oluseye Opasanya, a Senior Advocate of Nigeria (SAN).
The Minister of State for Aviation, Hadi Sirika expressed the belief that the development will bring about stability in the airline.
An inside source at the airline exclusively confirmed to LIB that the close down was authorized by the Asset Management Corporation of Nigeria as an aftermath of the earlier arrest of the airline’s chairman on Wednesday.
It’s also on record that Arik Air is owing AMCON to the tune of N139Billion which has now made the Federal Government’s agency to take over the airline.
LIB also gathered that top management staff of the airline have been apprehended.
Read the full statement below…