Armed Policemen storm Arik Air as federal government takes over the troubled airline

Armed Policemen storm Arik Air as federal government takes over the troubled airline

The crisis rocking Arik Air reached its peak a few hours ago as men of the Nigerian Police took over the headquarters of the troubled airline. An inside source at the airline exclusively confirmed to LIB that the close down was authorized by the Asset Management Corporation of Nigeria as an aftermath of the earlier arrest of the airline’s chairman on Wednesday.
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It's also on record that Arik Air is owing AMCON to the tune of N139Billion which has now made the Federal Government’s agency to take over the airline.

LIB also gathered that top management staff of the airline have been apprehended.

Arik Airline is expected to make a formal announcement soon.