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Arik Air Shareholders Denounce AMCON’s Alleged Mismanagement And False Claims
Arik Air Shareholders Denounce AMCON’s Alleged Mismanagement And False Claims....KINDLY READ THE FULL STORY HERE▶

Shareholders of Arik Air Limited have expressed their discontent with statements attributed to Alhaji Ahmed Kuru, the Managing Director of the Assets Management Corporation of Nigeria (AMCON). They accuse him of making false and misleading statements regarding Arik Air’s situation, leading to its takeover by AMCON.
The shareholders emphasize their moral duty to set the record straight and challenge what they see as a desperate attempt to misinform Nigerians about the damage inflicted upon Arik Air. They make several key points:
1. **Forceful Takeover of Arik**: They assert that when AMCON took over Arik Air on February 9, 2017, the airline was not in default of any financial lease or operating loan obligations to any bank, including the European Credit Agency (ECA)/HSBC facility. AMCON arbitrarily renegotiated the facility with Union Bank without involving Arik Air management.
2. **Blaming the Former Vice President**: They dispute Alhaji Kuru’s claim that former Vice President, Prof. Yemi Osinbajo’s intervention led to Arik’s takeover, suggesting that it was an unnecessary interference in a private company’s affairs.
3. **Arik Fleet & Route Network**: They contest Kuru’s assertion that Arik owned only seven aircraft, clarifying that Arik had 17 serviceable aircraft and 2 undergoing minor maintenance when AMCON took over. Today, Arik Air under AMCON’s management operates only 2 aircraft, with many assets either sold or abandoned.
4. **Engine Swap Claims**: They deny Kuru’s claims of engine swaps on Arik aircraft, stating that Arik Air’s fleet consists of new-generation aircraft with OEM engines/warranties.
5. **Alleged Indebtedness to AMCON**: They challenge AMCON’s claim of N240 billion in indebtedness, pointing out that AMCON never filed this sum in any court.
6. **NG Eagle Matter**: They raise concerns about the setup of NG Eagle, its transfer of Arik Air assets, and its sale to Alhaji Abdul Ahmad, an acquaintance of Alhaji Kuru. The Federal High Court has ruled this setup as illegal, null, and void.
7. **AMCON’s Forceful Takeover of Performing Loans**: The shareholders contend that AMCON took over performing loans and demand proof, records of indebtedness, and demand letters from the banks claimed to be owed by Arik Air.
The shareholders appeal for justice and aim to counter what they view as AMCON’s deception and misinformation to the Nigerian government and people.
entertainment
Breaking Silence: Uche Jombo Finally Explains Why Alex Ekubo Hid His Wife From The Public Eye!.
Following the recent appearance of images and videos online purportedly showing the late actor Alex Ekubo’s wife, Nollywood actress Uche Jombo has publicly voiced her frustration regarding the breach of the couple’s privacy. These images gained significant traction on social media shortly after a service of songs was held in the late actor’s honor. Jombo noted that Ekubo had intentionally kept his marriage private to shield his wife from public scrutiny, a boundary that his close friends had consistently honored. Despite his wife’s effort to remain discreet—even wearing a face mask to the service of songs—her identity was widely exposed by bloggers, an action Jombo described as a complete disregard for the late actor’s wishes.....KINDLY READ THE FULL STORY HERE▶
Background on the Actor’s Private Life Although there was long-standing public speculation regarding his marital status, it was only confirmed by his family following his death that Alex Ekubo had been married in private. Associates such as Grace Makun had previously hinted at his marriage, and actor Williams Uchemba also acknowledged the fact in an interview, though he maintained silence on the specifics to respect Ekubo’s desire for privacy. Alex Ekubo passed away on May 11 at the age of 40, following complications related to advanced metastatic kidney cancer, which he had been privately battling.
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The Final Countdown: Bama IDP Camp To Close Its Gates Forever Following Zulum’s Resettlement Directive!.
Borno State Governor Babagana Zulum has announced that the Bama IDP camp, which is the state’s largest such facility outside of Maiduguri, is scheduled to close within the next month. The governor confirmed this directive following a visit to the Government Science Secondary School, which currently serves as the site for the camp. This initiative is a core component of the administration’s broader strategy to resolve long-term displacement in the Bama Local Government Area and facilitate the return of families to their ancestral homes.....KINDLY READ THE FULL STORY HERE▶
Resettlement and Screening Process During his visit, Governor Zulum personally oversaw a three-hour screening process intended to verify the households included in the resettlement program. He noted that this step is essential for accurately identifying the remaining families before the camp is permanently shuttered.
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The government has already finalized the screening of male household heads from the impacted regions.
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Resettlement efforts are currently focused on three remaining communities: Mayanti, Goniri, and Bula Kuriye.
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Over the past seven years, the administration has successfully facilitated the return of several other communities, including Banki, Nguro Soye, Darajamal, Goniri, and Abbaram.
Context of Recovery Bama was severely impacted by the Boko Haram insurgency, which led to the widespread displacement of thousands and halted local economic and social activities. Governor Zulum emphasized that the closure of this camp signifies a major milestone in his administration’s ongoing mission to rebuild conflict-affected areas and assist displaced citizens in reclaiming their normal lives.
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27 Days Of Terror: Makinde Breaks Silence On Missing Pupils Held Deep Within Old Oyo National Park!.
In his recent newsletter, Oyo State Governor Seyi Makinde confirmed that students and teachers kidnapped 27 days ago from schools in Yawota and Ahoro-Esinle (Oriire Local Government Area) are still believed to be held within the expansive Old Oyo National Park. The governor acknowledged the immense distress and uncertainty facing the affected families, noting that while his previous promises of a safe return may now seem hollow to those waiting, the state remains fully committed to their rescue.....KINDLY READ THE FULL STORY HERE▶
Governor Makinde explained that due to the sensitive nature of the mission, he cannot disclose specific tactical details. However, he highlighted that the primary obstacle is the sheer scale and difficult terrain of the Old Oyo National Park, which covers approximately 2,500 square kilometers across 10 local government areas. He emphasized that the rescue requires ongoing coordination, persistence, and patience from the public.
Call for Public Support and Caution To aid the ongoing efforts, the governor urged residents to remain vigilant and report any suspicious activities to the state’s toll-free emergency line, 615. He also issued a strong warning against the spread of misinformation, which he noted could potentially jeopardize the safety of the captives and undermine the security agencies’ work. Makinde concluded by asking the public to continue supporting the security services and to rely solely on official communication for accurate updates.
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