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

AMCON

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.


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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.


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