Arik Air debunks N120bn misappropriation allegation
The management of Arik Air Limited (in receivership) dismisses allegations of misappropriation of funds to the tune of N120 billion.
Source: pmnewsnigeria.com
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The management of Arik Air Limited (in receivership) dismisses allegations of misappropriation of funds to the tune of N120 billion.
In the statement, made available to The PUNCH on Sunday, the carrier said the alleged misappropriation of N120 billion was contained in a petition filed by Mr Femi Falana.
Arik Air removed the CRJ 1000 aircraft from its fleet, a decision of JEM Leasing Limited and Export Development Canada to sell the aeroplane.