The Asset Management Corporation of Nigeria (AMCON) has justified the sale of an Arik Air aircraft, stating that the aircraft was subject to security in favor of Access Bank. The PR Consultant to Arik Air in Receivership, Simon Tumba, confirmed the sale and explained that the bank provided relevant security documentation, which was verified as genuine. Consequently, Arik Air and AMCON did not object to Access Bank's exercise of its security rights, including the sale. The aircraft, a Boeing B737-700, was dismantled and sold, with the bank completing the sale.
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