HIGHLIGHT
The Nigerian Senate has summoned AMCON management over the take-over of the management of Arik Air.
Nigerian Senate
Following the take-over of the management of Arik Air by the Federal Government, the Senate has summoned the management of Asset Management Corporation of Nigeria, AMCON.
This came as the airline’s new management announced suspension of flights to London and South Africa to focus on domestic and West African operations.
In a notice signed by the Clerk, Senate Committee on Banking, Insurance and other Financial Institutions, N.P. Ikeokwu and pasted on the Senate Press Corps Notice Board, the management of AMCON would appear today to deliberate with the senators on the take over of the airline.
The Senate Committee on Banking, Insurance and other Financial Institutions is chaired by Senator Rafiu Ibrahim, APC, Kwara South.
The notice read: “The Senate Committee on Banking, Insurance and other Financial Institutions is meeting with the Asset Management Corporation of Nigeria, AMCON.Room 324 to deliberate on the takeover of the Arik Airline by the Federal Government of Nigeria.”
The Federal Government took over Arik Air to prevent it from going bust last week.
AMCON spokesman Jude Nwauzor, had said: “AMCON has taken over the management of Arik because the whole place is in a mess.
“We have appointed a new management to stabilise the airline and prevent it from going down.”
Meanwhile, Arik Air yesterday said it was suspending international flight operations to London and South Africa to focus on domestic and West African routes.
This decision, according to the new management, will enable the airline engage and discuss with creditors who have become restive since the intervention of AMCON.
