Arik Air Denies Diversion Of N120bn Fund   The management of Arik Air Limited (in receivership) has dismissed allegations of misappropriation of funds to the tune of N120 billion. The Economic and Financial Crimes Commission (EFCC) had reportedly detained the Receiver Manager appointed by the Assets Management...

AMCON Establishes New Airline To Recover Arik’s Debts     The Asset Management Corporation of Nigeria (AMCON) has said that in order to recover its huge debts from Arik Air, it injected over N375 billion in the airline and established another carrier, NG Eagle, which in the...