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FG to convert Arik, Aero Contractors to national carriers

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The Asset Management and Corporation of Nigeria has said Arik and Aero Contractors airlines may be merged and converted to a national carrier.

The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, stated this on Monday at an interactive session with media executives in Lagos.

According to Alade, both Arik and Aero Contractor are owing so much money that they may not be able to pay.

He stated that the corporation presented the idea of converting Arik and Aero Contractor to the former aviation minister but it was rejected.

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“The former management of AMCON presented the idea of converting Arik and Aero to a national carrier. But the former aviation minister did not buy the idea. We will present it again because that is the best option.

“Unfortunately, the special purpose vehicle that was created by the former management of AMCON for the conversion of Arik and Aero to a national carrier had been sold. But we can create another SPV this,” he explained.

Recall that the former Minister of Aviation, Hadi Sirika, launched the Nigeria Air three days before the end of former President Muhammadu Buhari’s administration.

The development had elicited concerns among stakeholders over the ownership arrangement which gave Ethiopian Airlines a 49 per cent equity stake in the company.

The Federal Government had a 5 per cent equity, while a consortium of three Nigerian investors had 46 per cent.

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Reacting to the deal in June 2023, the House of Representatives asked the Federal Government to suspend the operations of Nigeria Air, describing it as a fraud.

In August 2023, the incumbent minister, Festus Keyamo announced that the national carrier project was suspended till further notice.

Keyamo said, “It remains suspended. It was never Air Nigeria. It was not Air Nigeria. That’s the truth. It was only painted Nigeria Air. It was Ethiopian Airlines trying to flag our flag.

“If it is so, why not allow our local plane to fly our flag? So nobody should dispute that it was Nigeria Air.

“Air Nigeria must be indigenous, must be wholly Nigerian, and must be for the full benefits of Nigeria, not that 50 per cent of the profit is for another country.”

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Recently, a Federal High Court sitting in Lagos halted the sale of Nigeria Air to Ethiopian Airlines.

The court declared null and void, the sale of the shares of Nigeria Air to Ethiopian Airlines after determining the issues in the suit.

Justice Ambrose Lewis-Allagoa ordered that the Federal Government’s plans to establish a national carrier, Nigeria Air, should be halted.

The judgment was delivered in favour of the Registered Trustees of the Airline Operators of Nigeria and five other aviation industry stakeholders.

At the briefing on Monday, Alade said the present status of Arik and Aero Contractors had been giving him sleepless nights.

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“Believe me, it is a very difficult problem to resolve, and it is giving me sleepless nights, particularly Arik.

“Arik is owing so much that they cannot pay,” he stated.

Speaking further, Alade said, “There is a way out. We have met all their major international creditors. Afreximbank is one of them. They (Arik) are owing Afreximbank about $52m.”

After negotiations, he said the airline was only willing to take $8.5m out of the $52m.

“However, where will that $8.5m come from? Where? AMCON doesn’t have money of his own to put there? And then they negotiated and said, okay, ‘let’s take some of the engines of those things away in full and final settlement’. And the truth is that, if they took those engines away, Arik is finished.

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“But we said ‘no, we cannot allow you to take it away. Let AMCON give you a kind of bank guarantee. And we will stretch it so that three planes are flying now and by the Lord’s grace, by February next year, we want to make seven planes fly for Arik,” he stated.

The Nigerian Airspace Management Agency grounded aircraft owned by Arik over a court order instituted by the airline’s creditor and billionaire businessman, Arthur Eze.

Eze had approached the court in protest against his unpaid $2.5m by the founder of Arik Air, Johnson Arumemi-Ikhide.

In a statement by the spokesperson of NAMA, Abdullahi Musa, the agency said the development stemmed from an enforcement action by the FCT High Court on July 19, 2024, which involved attaching Arik’s planes to secure the debt.

In 2016, AMCON took over the management of Aero Contractors after it dissolved the board of the company, appointing a manager to run the affairs of the company in an interim capacity.

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AMCON said in a statement by its media consultancy firm that the decision to take over the management of the company was in furtherance of its responsibility of acquiring eligible bank assets and putting them to economic use in a profitable manner.

Similarly, Arik Air, founded by Mr Arumemi Johnson, was taken over by AMCON in 2017 after the carrier’s management failed to honour its debt obligation running into several billions of naira.

AMCON had taken over debts from local banks owed by Arik.

Last year, the corporation asked the owners of Arik to present a credible debt resolution plan to the bad debts manager if it hopes to recover the company from the Federal Government.

AMCON’s asset recovery efforts

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In a move to recover outstanding debts of nearly N5tn, Alade announced plans to engage international asset tracers to locate and recover assets hidden by recalcitrant debtors offshore including those masqueraded under special purpose vehicles.

Alade stated that since the new management took over about five months ago, they have successfully collected approximately N100bn from several high-profile debtors and revised the sale of some assets.

He emphasised that the organisation had been receiving strong support from President Bola Tinubu, the Central Bank Governor, the Federal Ministry of Finance, the Attorney General of the Federation, and the National Assembly in their efforts to recover debts transferred by banks to AMCON during the different phases of eligible bank asset acquisition.

The AMCON CEO mentioned that the chairman of the House Committee on Finance had pledged to name and shame obligors, who had yet to repay their debts at a major stakeholders’ conference that would be held before the end of the year.

He revealed plans to organise a conference where senior officials from the Central Bank of Nigeria, relevant ministries, banks, and the judiciary would be invited to discuss the challenges posed by non-performing loans in the country.

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He expressed confidence that resolving issues surrounding assets in the oil and gas sector would boost production, generate more foreign exchange, and create employment opportunities for citizens.

He noted that the corporation had achieved remarkable results in two of those assets in less than five months.

In the power sector, he disclosed that AMCON had made significant progress in one of the biggest distribution companies and an abandoned power project in Kaduna.

Alade emphasised the potential impact of addressing power challenges in Nigeria, stating that some banks with approximately 400 branches across the country spend as much as N500bn annually on diesel for their generators.

He believed that tackling the power sector would significantly improve the overall business environment.

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According to Alade, AMCON is also working on assets in the telecommunications sector, aiming to revive dormant assets and bring them back into operation.

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One Dead, Three Injured in Anambra Building Collapse as Govt Seals Site

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By Okey Maduforo, Awka

One person has been confirmed dead while three others sustained injuries following the collapse of a three-storey building in Oko, Orumba North Local Government Area of Anambra State.

The building, which reportedly housed students of the Federal Polytechnic, Oko, collapsed on Sunday night, trapping some occupants beneath the rubble.

The injured survivors were rescued and taken to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital and St. Michael’s Hospital, Oko, where they are currently receiving treatment.

Meanwhile, the Anambra State Government has sealed off the site of the collapsed building, reaffirming its commitment to stricter enforcement of physical planning regulations and the elimination of unsafe construction practices.

The Commissioner for Physical Planning and Urban Development, Barrister Chijioke Ojukwu, said preliminary findings indicated structural failure as the likely cause of the collapse.

He announced the immediate closure of the site pending comprehensive investigations and structural integrity assessments.

Ojukwu said the incident would mark a turning point in the enforcement of building regulations across the state, warning that owners and developers of defective or non-compliant structures would face sanctions.

He added that ongoing construction projects would also be subjected to stricter inspections.

The Commissioner for Works, Arc. Okey Ezeobi, said technical investigations were ongoing to determine the exact cause of the collapse, adding that a team of professionals had been deployed to conduct a comprehensive structural evaluation.

Ezeobi assured residents that recommendations arising from the investigation would be implemented to strengthen the state’s building control system, prevent future occurrences and ensure that anyone found culpable is prosecuted in accordance with the law.

The Commissioner for Health, Dr Afam Obidike, said medical personnel and ambulances were immediately deployed to the scene to provide emergency care for the injured.

He said the Ministry of Health worked closely with other emergency response agencies throughout the rescue operation.

Obidike commended the swift and coordinated response of the Anambra State Government and emergency agencies, describing it as crucial to the rescue efforts and the timely medical treatment of the victims.

The Mayor of Orumba North Local Government Area, Rtd. Capt. Casmir Nwafor, also praised the rapid intervention of the state government and emergency responders, noting that their coordinated efforts helped contain the situation and minimise further risks.

Nwafor urged developers, property owners, institutions and residents to strictly comply with approved building regulations and safety standards, reaffirming the local government’s support for the enforcement of physical planning laws.

An eyewitness, Prince Ifeanyi Ezefunamba, said the building, reportedly occupied by students of the Federal Polytechnic, Oko, collapsed at about 10:00 p.m. after occupants heard cracking sounds and began evacuating.

He said one survivor, Miss Chioma Akabike, narrowly escaped moments before the building collapsed, while rescue operations commenced immediately.

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Traveller Praises Enugu Air, Says Airline Has Made Enugu More Accessible

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A traveller who arrived in Abuja aboard an Enugu Air flight has praised the airline for its service, describing the flight as smooth, calm and comfortable despite unfavourable weather conditions.
The traveller, Wordshot Amaechi Ugwele, in a viral social media post said Enugu Air had become a source of pride for the South-East and had significantly improved connectivity between Enugu and other parts of Nigeria.
Ugwele said the airline’s expansion to destinations including Benin and Kano had made air travel more accessible to residents of the region.
He said, “Today, our people can also fly directly from Enugu to Kano, a travel convenience that would have seemed unimaginable not too long ago, until Enugu Air made it a reality.”
Ugwele also commended Enugu State Governor, Peter Ndubuisi Mbah, for what he described as his vision, meticulous planning and disciplined execution in driving development across the state.
According to him, the governor’s achievements in infrastructure, connectivity and economic transformation had contributed to Enugu’s emergence as one of Nigeria’s fastest-growing states.
He said the establishment and expansion of Enugu Air demonstrated the administration’s commitment to improving transportation and connecting Enugu with other parts of the country and beyond.

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Canada based Prophetess Sparks Controversy After Celebrating Mother-in-Law’s Death

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Prophetess Ezinne Nwanorue, a Nigerian preacher based in Canada, has sparked controversy online after appearing to celebrate the death of her mother-in-law in a social media post that has drawn widespread criticism.

The cleric shared the funeral poster of the deceased, Comfort Nwanorue, on Facebook on Monday, accompanying it with remarks in which she accused her late mother-in-law of being responsible for some of the challenges she had faced in the past.

Ezinne claimed she had endured years of spiritual attacks and persecution, saying she believed God had exposed those she held responsible for her struggles.

She also issued stern warnings to individuals she described as agents of evil, urging them to repent.

Her comments triggered a wave of reactions on social media, with many users criticising her for publicly expressing what they perceived as joy over the death of a family member.

The incident has also renewed public interest in Ezinne’s marriage to Franklin Nwanorue, which previously made headlines over a controversial fidelity oath he took before relocating to Canada.

Before leaving Nigeria, Franklin reportedly recorded a video in which he pledged to remain faithful to his wife, declaring that he should die if he ever cheated on her after relocating abroad.

However, Ezinne later accused her husband of violating the oath, alleging in a separate Facebook post that he had become involved with another woman despite his public declaration.

As of the time of filing this report, Franklin Nwanorue and other members of his family had yet to publicly respond to Ezinne’s latest social media post.

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Nnamdi Kanu Terminates Ifeanyi Ejiofor’s Legal Representation, Withdraws IPOB Mandate

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The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has formally terminated the services of his longtime personal lawyer, Barrister Ifeanyi Ejiofor, directing him to stop representing him, his family or IPOB in any capacity.
In a letter dated July 22, 2026, and written from the Sokoto Correctional Centre, Kanu said Ejiofor’s engagement as his personal legal representative had previously been terminated verbally, adding that the latest letter served as formal written confirmation of the decision.
Kanu also withdrew any authority previously granted to Ejiofor to act for or represent IPOB, insisting that the lawyer no longer had any express, implied or ostensible authority to speak or act on behalf of the group.
Citing Section II, Subsection A of the IPOB Code of Conduct, Kanu said the power to appoint, suspend or dismiss principal officers rests exclusively with the IPOB leader unless expressly delegated.
He argued that no individual, committee or former office holder acting outside the provisions of the IPOB Code of Conduct could validly appoint or retain legal representatives for the organisation.
Kanu directed Ejiofor to immediately stop making public statements, granting interviews, issuing press releases or publishing social media posts on behalf of him, his family or IPOB.
He also instructed the lawyer to stop presenting himself as his legal representative or that of IPOB in any court, forum or public space, and to take the necessary legal steps to withdraw from any pending matters in which he remains counsel of record.
See also: Nnamdi Kanu engages new legal team as terrorism trial begins today
In the letter, Kanu warned Ejiofor against disclosing or misusing confidential information obtained during their lawyer-client relationship.
“Accordingly, I hereby place you on formal notice that you are not authorised to disclose, publish, communicate, exploit, or otherwise use any confidential or privileged information acquired in the course of your retainer, whether directly or indirectly, for any purpose whatsoever, except as required by law or by order of a court of competent jurisdiction, without my express written authorisation.
“Any unauthorised disclosure or misuse of privileged information may constitute professional misconduct and may give rise to disciplinary proceedings before the Legal Practitioners Disciplinary Committee, as well as any other remedies available under the law.”
Kanu further cautioned that any breach of client confidentiality or unauthorised disclosure of privileged information could amount to professional misconduct and attract disciplinary proceedings before the Legal Practitioners Disciplinary Committee (LPDC), in addition to other legal remedies available under Nigerian law.
I tightened the language, removed repetition and improved the flow while retaining the substance of the original report.

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Rescue Operations Ongoing After Three-Storey Building Collapses in Oko

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Rescue operations are ongoing following the late-night collapse of a three-storey building known as Elite Five Star Lodge, located beside Tonimas Filling Station in Amokpala, Oko, Orumba North Local Government Area of Anambra State.

The building collapsed on Sunday night, July 26, 2026, trapping some occupants beneath the rubble.

According to the Anambra State Police Command, a police-led joint security team was immediately deployed to the scene following a distress report.

The state Police Public Relations Officer, PPRO, SP Tochukwu Ikenga, disclosed this in a statement made available to newsmen on Monday.

Ikenga said, “On receipt of the distress report, the police, in collaboration with other security agencies, immediately mobilised to the scene, secured the area to prevent further danger, and coordinated rescue efforts.

“The Anambra State Fire Service and the Anambra State Emergency Management Agency (SEMA) also responded promptly and joined in the rescue operation.

“The Command notes that rescue operations are ongoing to reach other persons who may still be trapped, as the number of casualties or affected persons cannot yet be confirmed.

“Also, some injured victims have been rescued from the debris and evacuated to a hospital in Oko, where they are currently receiving medical attention.

“To this end, members of the public, especially residents in the area, are urged to remain calm, avoid spreading unverified information, and stay away from the scene to allow emergency responders unrestricted access.

“Further updates will be communicated as more verified information becomes available.”

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