Arik Air Says They Were Suspended Because They Refused To Give Stella Oduah 5% Equity

GE admin September 21, 2012 3

Arik Air has claimed that they were forced out of business for refusing to part with 5% of its corporate shares to Aviation Minister, Stella Oduah.

A text message purported to originate from the airline reads:

“Due to persistent hostility of the Ministry of Aviation, with a minister who is demanding a 5 percent equity in a business where she has no investment…and FAAN management, which has culminated in the use of FAAN staff to stop the airline operations and lock in checked-in passengers in Lagos this morning.

Arik Air has suspended all domestic operations until further notice. This issue [borders] on personal interests and not payment of bills; since FAAN has been collecting.”

According to Sahara Reporters, a senior official of Arik defended the airline’s account of the source of the company’s woes. “It is a pity that a minister can cause so many problems for an airline just because she did not have her way,” the official said.

Ms. Oduah is regarded as one of the closest ministers to President Goodluck Jonathan. In the 2011 general election, she served as treasurer for Mr. Jonathan’s campaign. The Arik source claimed that the minister pressured owners of the airline to hand her a 5% stake in the ownership of Arik, asserting that she was making the demand on behalf of President Jonathan.

But in a related development, FAAN MD Mr. George Uriensi said the airline was owing them over 7 billion naira.

Watch the video below…

3 Comments »

  1. mike aturu September 21, 2012 at 15:02 - Reply

    so unfortunate the class of criminals doing what we term business in Nigeria. Does it mean that Arik is excused from meeting its obligation to federal Govt because the minister requested for 5% equity share.This is simply a cheap blackmail .If the Minister could not be compromised by Maevis in fAAN,Who then is ARIK ? The mgt of ARIK should be advised to liquidate its debt to the parastatals as the party is over. Blackmailing the Minister will not work . This should not be like the power sector scam.

  2. KC September 22, 2012 at 06:30 - Reply

    If what arik says is true, then de minister shudnt be treated wit impunity. Justice shud take its full course. Am i forgetin smetin. Hmm We ar in nigeria where tins ar taken 4 granted. Bt God wil see us through.

  3. abimbola September 25, 2012 at 10:49 - Reply

    Mr President, we know u are not a saint and u can never be. But even if u acquire the world in person or by proxy, all will be vanity soonest.Worms will eat what is illegally gathered.

Leave A Response »