Business
‘Cooperate with AMCON to revive airline’ — aviation workers beg owners of Arik Air
Aviation workers, under the aegis of the National Union of Air Transport Employees (NUATE), have called on the “owners” of Arik Air to cooperate with its receiver-manager appointed by the Asset Management Corporation of Nigeria (AMCON).
This is contained in a statement issued by Ocheme Aba, general secretary, NUATE.
The airline was created in 2004 by Joseph Arumemi-Ikhide, a businessman.
In February 2017, Arik Air was taken over by the federal government via AMCON due to the company’s huge debt profile, which was over N300 billion.
The government immediately dissolved the airline’s management team, and appointed a receiver manager.
Last month, media reports had said the Economic and Financial Crimes Commission (EFCC) detained Omokide Kamilu, receiver-manager for Arik Air, over alleged misappropriation and diversion of about N120 billion.
But the airline later debunked the allegation against Kamilu, describing it as “patently false”.
In the statement, Aba said the two entities (aside the workers) have the most to gain or lose from the state of the airline, adding that “there is still much life in Airk Air ”.
“A recognition of this fact will alter the present state of adversity/animosity between the two gladiators which has been anything but helpful,” the statement reads.
“If the two parties agree to work together, and receive the understanding of the workforce, it is our concrete belief that a pathway out of the doldrums will be not too difficult to chart.
Aba advised AMCON to invest in Arik Air as the airline cannot move one inch out of the woods without some reasonable investment.
“We consider that ultimately, the incoming Minister of Aviation will have to give due consideration with view of fostering the needed synergy among all stakeholders to assure that the foregoing objectives are positively delivered in the interest of the owners, the Receivers Manager, the workers, other creditors of Arik Air, and the aviation industry at large. This is necessarily the duty of government,” the statement adds.
“It is not clear what the mind of AMCON is reading right now. But, it is clear to us what the mind of the owners of Arik is reading; to get back their company.
“The purpose of this intervention is to assist to unite the minds of the owners with the Receivers in the direction that can, through practical deliverables, arrive at the point where a healthy Arik Air can return to normalcy at the peak of the Nigerian airline industry where it rightly belongs.
“We sincerely appeal to all parties to agree to a truce and start now to work in alliance to assure the health of the Airline. A healthy Arik Air should be the objective, and in fact the interest, of all. Anything else will do no one any good.”
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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