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.
“The investigation is apparently based on a petition filed by Mr. Femi Falana, SAN and was instigated by Sir Arumemi Johnson, the majority shareholder in Arik, which owes AMCON about N240 billion as of May 31, 2023. Sir Arumemi Johnson guaranteed, and therefore is by law an obligor in respect of, this indebtedness and is personally liable for them.
“Also, the statement noted that the receiver manager seeks only to recover money owed to the Nigerian people by the debtor, assuring that he and the airline workers would accord the EFCC maximum cooperation.” According to the statement, the accusations against the receiver manager are unfounded, and they have no influence over the exercise of mortgage rights by a mortgagee, noting that the JV financing of certain wet lease operations, which are innovative ways of raising capital, raises no criminal intent.
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