TUESDAY 15TH JANUARY 2019

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Two Years After, AMCON Yet to Get Buyer for Arik Chinedu Eze Almost two years after Arik Air was taken over by the Asset Management Corporation of Nigeria (AMCON) on February 9, 2017 and put up for sale, no investor has indicated interest to acquire

the airline, which was then the biggest domestic operator in the country, THISDAY’s investigation has revealed. THISDAY has also gathered that there are strong indications that the team AMCON set up to manage the airline may find it increasingly difficult to

sustain the operations of the airline going forward. Reliable sources in both the AMCON and the airline told THISDAY that substantial revenue generated by the airline was allegedly being spent on foreign trips of the management personnel,

emoluments, other allowances, as well as other recurrent expenditure. One of the sources who pleaded to remain anonymous added, “The airline is in a very bad state. There is no operating fund and there is too much vetting to the extent

that it is difficult to buy spares and other consumables. “The frequency of overseas trips and courses is high. When an airline is in such financial straits, you only attend the courses that are compulsory. The airline has only three operating aircraft.”

A source at Arik Air told THISDAY that the only hope the airline has now is its acquisition by investors, otherwise it would go under. The source noted that out of 26 aircraft inherited by Continued on page 9

Onyema Explains Withdrawal of N606bn from Equities Market… Page 9 Tuesday 15 January, 2019 Vol 23. No 8672. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

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& RE A S O

ENUGU 25°C-28°C

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KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

Challenging Tribunal’s Jurisdiction, Onnoghen Stays Away from Arraignment CCT orders fresh service of summons, adjourns till Tuesday Two courts halt trial CJN must face prosecution, says APC Iyobosa Uwugiaren, Shola Oyeyipo and Alex Enumah in Abuja The much advertised arraignment of the Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, for alleged non-declaration of assets did not happen yesterday as the CJN stayed away in protest, challenging the jurisdiction of

the Code of Conduct Tribunal (CCT) to try him. Leading lights of the legal profession, including Chief Wole Olanipekun, SAN, Chief Adegboyega Awomolo, SAN, Dr. Yusuf Alli, SAN and 45 other silks, stood in defence of Onnoghen and were ready for legal foot walks before the Continued on page 6

Cabal in the Presidency After Me, Ortom Cries Out

George Okoh in Makurdi

Governor Samuel Ortom of Benue State has raised the alarm over what he described as an attempt by certain cabal within the presidency to pit him against President Muhammadu Buhari, who he alleged did not act on time when two Fulani socio-cultural groups threatened and carried out attacks and killings in Benue State.

Ortom made this known yesterday while campaigning in Konshisha Local Government Area of the state. He stated that he has never attacked the personality of the president as insinuated by the spokesman of the president, Mallam Garba Shehu. Shehu had alleged that Ortom, who is presently campaigning for his re-election, Continued on page 9

Buhari, APC Desperate over General Elections, Says PDP... Page 6

BONDING WITH THE PEOPLE... Presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, with party enthusiasts during his rally in Ado-Ekiti, Ekiti State… yesterday


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