The Economic and Financial Crimes Commission, EFCC, today told the Lagos State Special Offences Court, Ikeja, that Arik Air Ltd was converted into a “cash cow” by Asset Management Corporation of Nigeria, AMCON, appointed Receiver/Managers, leading to massive losses put at more than N350 billion. Testifying before Justice Morenike Dada in the o...
A week after Arik Air’s planes were grounded, the federal government has lifted the suspension on the operations of the airlines. The Director of Public Affairs and Consumer Protection at the Nigerian Civil Aviation Authority (NCAA), Michael Achimugu, disclosed this in a statement on X. He said the dispute between Atlas Petroleum and Arik Air ...
An Abuja High Court has issued a major ruling mandating the sale of aircraft, hangars, and other movable assets owned by Arik Air Limited. Specifically, the court directed sale of the aircraft with the registration numbers B737-700/5N-MJF, B737-800/5N-MJQ, DASH8-Q400, and 5N-BKX, reports Saturday Independent. This decision comes as a result of...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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