The Asset Management Company Of Nigeria (AMCON), has said, the owner of Arik Air, Sir Johnson Arumem-Ikhide, is owing the company over N455.17billion.Speaking over the weekend, the Head of Corporate Communications Department of AMCON, Jude Nwauzor, said as at December 31st, 2024, Arik Air owed AMCON N227,637,469,394.34 billion; Rockson Engineering, N163,502,837, 397.75 billion, while Ojemai Farms owed the corporation another N14, 031, 457, 980.71 billion, totaling N455, 171, 764, 772.80.Nwauzor, however, stated that, AMCON’s intervention in the troubled Arik Air in February 2017, saved the carrier from liquidation, but vowed that it would ensure the recovery of the total debts…
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