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Arik Air Shareholders Accuse AMCON of Mismanagement Leading to Flight Suspensions

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Arik Air Shareholders Accuse AMCON of Mismanagement Leading to Flight Suspensions....KINDLY READ THE FULL STORY HERE▶

Shareholders of Arik Air have raised serious allegations against the Asset Management Corporation of Nigeria (AMCON), claiming that mismanagement has led to the airline’s suspension of flights to the United States. The shareholders argue that the discontinuation of routes to New York (JFK) and London (LHR) is a direct result of Nigeria losing its Federal Aviation Administration (FAA) Category 1 certification, a situation they attribute to AMCON’s alleged mishandling of the airline.

In a statement obtained by SaharaReporters, the shareholders detailed how AMCON’s forced takeover of Arik Air resulted in the appointment of incompetent supervisors, which they believe significantly contributed to the suspension of international flights and the loss of valuable landing slots at JFK and LHR.

The shareholders further claim that over 17 brand-new aircraft were cannibalized and destroyed under AMCON’s oversight. They emphasized that AMCON’s intervention led to the initial suspension of Lagos/New York (JFK) flights, which were previously operated by Hi Fly of Portugal to comply with Part 129 requirements.

After Nigeria regained its Category 1 status, Arik Air managed to obtain its own Part 129 certification. The airline resumed its New York route with its own Nigerian-registered aircraft and crew, successfully operating it for over six years before AMCON’s takeover.

The shareholders highlighted Arik Air’s substantial investment in obtaining the FAA Cat 1 certification, which included over $12 million in engaging a world-class consultant, SH&E from the USA. This investment supported the Nigerian Civil Aviation Authority (NCAA), the Federal Airports Authority of Nigeria (FAAN), and the Ministry of Aviation in developing the necessary manuals and procedures.

The statement acknowledged the tireless efforts of key figures such as Mrs. Fidelia Njeze, former Minister of Aviation, and Dr. Harold Demuren, former Director General of NCAA, who played crucial roles in ensuring the successful delivery of the Cat 1 audit and certification process.

The shareholders lamented the recent reports regarding Nigeria’s delisting from the FAA Cat 1 certification list due to the inactivity of Nigerian operators on American routes. They stressed that this inactivity is a direct consequence of AMCON’s forceful takeover of Arik Air, which occurred on February 9, 2017.

They further explained that the discontinuation of the Lagos/New York flights—initially operated by Hi Fly of Portugal—occurred only after AMCON took control. Under AMCON’s management, Arik Air’s operations have reportedly diminished by over 95%, negatively impacting both the traveling public and Nigeria’s economy.

The shareholders argue that AMCON’s actions have led to significant losses not just for Arik Air, but for Nigeria as a whole, as the loss of Category 1 status has hindered other promising airlines. They urge the government to hold AMCON and its appointed Receiver Managers accountable for their alleged mismanagement and economic sabotage.

With the future of Arik Air hanging in the balance, the shareholders stress the need for transparency and accountability in the aviation sector. They believe that the legacy management of Arik Air deserves recognition for their commitment to aviation development in Nigeria, which has been undermined by AMCON’s interference.

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“YOU SHALL FALL INTO THE PIT!” Natasha Blasts Akpabio With Fire And Fury Over Explosive Leaked Audio!

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Senator Natasha Akpoti-Uduaghan (representing Kogi Central) has publicly responded to the controversy surrounding Senate President Godswill Akpabio following the emergence of a leaked audio recording.....KINDLY READ THE FULL STORY HERE▶

According to reports, Akpoti-Uduaghan shared her stance via a Facebook post on Monday, September 21, 2026, where she alleged that Akpabio’s office has been distributing materials to media outlets for publication. Addressing the Senate President directly, she issued a stern warning that actions taken against her will ultimately backfire, writing:

“Dear Godswill Akpabio, Senate President of the Nigerian 10th Assembly… continue. Dear Punch Newspapers, Guardian Nigeria, and others… you may take the envelope and publish whatever Akpabio’s office sends to you. S.P. Akpabio, know that the pits you dig for me, you shall very well fall into.”

Context of the Leaked Audio

  • The Allegations: Her reaction follows fresh claims by U.S.-based activist Sandra Duru (also known as Prof Mgbeke), who published a nine-minute audio clip on social media.

  • The Recording: Duru claimed the audio features a male voice belonging to Akpabio and that he allegedly hired her to campaign against Akpoti-Uduaghan. This marks a shift from her 2025 claims, where she previously alleged that the Kogi senator tried to recruit her against the Senate President.

  • Further Disclosures: Duru indicated that this audio serves as a preview of more upcoming revelations regarding her purported dealings with Akpabio.

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BLOCKBUSTER RULING: Appeal Court Flips Script On Magu’s EFCC Tenure In Stunning Legal Reversal!.

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The Court of Appeal in Abuja has set aside a previous Federal High Court ruling that validated Ibrahim Magu’s extended service as the acting Chairman of the Economic and Financial Crimes Commission (EFCC).....KINDLY READ THE FULL STORY HERE▶

The appellate court’s decision follows an appeal by Abuja-based lawyer and activist Johnmary Jideobi. He challenged Magu’s prolonged acting tenure after the Senate twice rejected his nomination for a substantive appointment.

Background of the Case

  • The Origin: Jideobi filed the initial suit in March 2017, arguing that Magu could not occupy the acting role indefinitely following his rejection by the Senate.

  • The 2019 High Court Ruling: Justice Ijeoma Ojukwu dismissed the suit, ruling that the EFCC Establishment Act contained a gap regarding the time limit for an acting chairperson, leaving the duration to presidential discretion.

  • The Appeal: Dissatisfied, Jideobi argued that keeping Magu in office violated statutory limits and that the acting appointment legally terminated once the Senate rejected his nomination.

Subsequent Developments

Magu’s tenure as acting chairman ultimately concluded in July 2020 following his suspension by former President Muhammadu Buhari over misconduct allegations, which Magu denied before an investigative panel.

Following his exit, Mohammed Umar Abba temporarily took over before Abdulrasheed Bawa was appointed as substantive chairman in February 2021. Bawa was later suspended in June 2023 by President Bola Tinubu, leading to the appointment of the current substantive chairman, Ola Olukoyede.

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SCANDAL AT THE TOP: JAMB Fires Corrupt Staff Exposed In Shaking Extortion Ring!.

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The Joint Admissions and Matriculation Board (JAMB) has announced the dismissal of an employee found guilty of extorting candidates.....KINDLY READ THE FULL STORY HERE▶

In a bulletin released on Monday, September 21, 2026, the examination body stated that the staff member was sanctioned for exploiting unsuspecting candidates. JAMB emphasized that this action is part of broader measures to prevent officials from using their positions for personal gain and to protect the public from exploitation.

The board issued a strong warning to its entire workforce, stating that no employee, regardless of their status, would be shielded from disciplinary action for misconduct that compromises the integrity of the admission and examination process. JAMB reiterated its zero-tolerance policy for fraud, making it clear that both internal and external offenders will face the full consequences of their actions.

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