Adams Oshiomhole According to a report by Daily Trust, some of the personal staff of embattled chairman of the All Progressives Congress (APC), Comrade Adams Oshiomohle have…
Court quashes Nigeria Air s hope of flying, stops NCAA from issuing AOC to national carrier thestreetjournal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreetjournal.org Daily Mail and Mail on Sunday newspapers.
Justice Ambrose Lewis-Allagoa of a Federal High Court sitting in Lagos has set aside the transfer of Arik Air Limited’s assets by the Assets Management
The Federal High Court in Lagos State has ruled against the appointment of Kamilu Omokide as Receiver Manager Arik Air Limited by Asset Management Corporation of Nigeria (AMCON) after it took over the firm. AMCON took over the airlines in February 2017 and appointed Omokide as its receiver manager with the mandate to turn around the fortunes of the then biggest private carrier within a short period of time. However, Arik founder, Michael Arumemi-Ikhide, kicked against the decision and approached the court.