FG May Wind Up Arik Over Losses

The Federal Government has promised to take a major decision on Arik Airlines, according to the spokesman for the Asset Management Corporation of Nigeria (AMCON), Jude Nwauzor. Nwauzor made the disclosure in an interactive session with the media. “Arik was in a precarious situation largely attributable to its heavy financial debt burden, bad corporate governance, erratic operational via IFTTT