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.