The Assets Management Corporation of Nigeria (AMCON) is considering the option of liquidating Arik Air over indebtedness of N227,637,469,394.34 billion. This is in addition to other debts owned by the airline’s founder, Sir Johnson Arumemi-Ikhide, who is also the promoter of Rockson Nigeria Limited (a power infrastructure company), Ojeimai Farms Limited, and Ojeimai Investment Limited. [...]
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