The Asset Management Corporation of Nigeria (AMCON) has reaffirmed its commitment to recovering the N227 billion debt owed by Arik Air, as the agency intensifies efforts to liquidate the airline.
This disclosure was made by AMCON’s Head of Corporate Communications, Mr. Jude Nwauzor, during an interactive session with aviation correspondents in Lagos on Friday, as reported by the News Agency of Nigeria (NAN).
Nwauzor stated that despite numerous attempts to revive Arik Air, the airline’s financial situation has remained dire, prompting AMCON to proceed with its liquidation plans.
The debt, which remains a significant financial burden, is part of a broader issue concerning several companies under the ownership of Sir Johnson Arumemi-Ikhide, including Rockson Engineering and Ojemai Farms. AMCON’s determination to recover these debts is underpinned by Sections 6 and 48 of the AMCON Act, which empowers the corporation to take such actions.
“Nwauzor added that Arik Air owed AMCON N227.63 billion, while Rockson Engineering owed it N163.50 billion and Ojemai Farms, N14 billion.
“He emphasised that AMCON was determined to recover the debts,” the NAN report read in part.
(Nairametrics)
