AMCON Saved Arik Air From Powerful Individuals – Ex Vice-Chairman


Arik Air , Nigeria. Twitter

Senator Anietie Okon, a former vice chairman of Arik Air, has revealed that the intervention of the Asset Management Company of Nigeria (AMCON) stopped the plan by some powerful individuals to takeover the airline.

AMCON had, on Feb. 9, taken over Arik Air as a result of its huge debt profile and thereafter appointed Capt. Roy Ilegbodu to manage the airline.

Speaking with newsmen on Wednesday, Okon said the interest group wanted to take advantage of the financial distress of the airline occasioned by the state of Nigeria’s economy.

The ex-vice chairman said that the recession affected the airline like some other companies in the country which rely on forex to sustain their operations.

Okon also spoke on the Bilateral Air Service Agreements (BASAs) signed between Nigeria and other countries.

He said no Nigerian airline is currently benefiting properly from the BASAs.

Okon said,”The Nigerian government is always too willing to make deals with foreign airlines and give our market away.

”Our country is losing so much for the selfish interest of a few.”

Okon noted that the economic and social consequences of government not supporting the domestic airline industry include job losses and the weakening of the value of the Naira.

Have a story to tell, or images to share on a breaking news in Nigeria or beyond? Send them to Concise News via Whatsapp(0906 928 2577)

Ogbolu Oshogwe George is a graduate of Mass Communication from the University of Benin. He loves politics, is a movie addict and a die-hard Arsenal fan. George is a reporter at Concise News.

Learn the secret to truly natural weight loss plus testimonies of people who have benefited.

Shocking Discovery Reveals Natural Viagra that Help Men Last 25minutes and Get Stronger Erections without side effects

New Anti-Infection Herbal Remedy So Effective… Flushes off
Staphylococcus, Gonorrhea and other Related Infections!

Tired of generators? Get PRAG INVERTER, Nigeria’s No.1 Inverters 

Be the first to know…Get daily round up of top Nigerian newspaper headlines. Click here. 

Tired of estimated bills/generator noise? Go off the grid…get PRAG SOLAR for 24/7 noiseless and uninterrupted power supply.