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Tag: N300 billion debt

Apart from N300 billion AMCON debt, Arik owes another N25 billion – Official

February 27, 2017Ayo Olowo

The Asset Management Corporation of Nigeria, AMCON, on Monday said Arik Air, under its previous management, owed the International Air Transport Association, IATA, $78 million (about N25 billion). Simon Tumba, Media Consultant to Arik Air, gave the figure while speaking with journalists in Lagos. The airline was on February 9 taken over by the Federal […]

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