<p>At the moment, President Muhammadu Buhari led
federal government of Nigeria is reviewing its aviation policies to boost stakeholders’
confidence and a safer air for travellers. </p>



<p>Players in the industry are also up in their
sleeves, proffering options to the challenges bedeviling the aviation sector. </p>



<p>Ahmed Kuru, Chief Executive Officer of  ; ;Asset
Management Corporation of Nigeria, AMCON, joined voice with the litany of voices
in suggesting solutions.</p>



<p>Specifically, he said  ;the government should convert Arik Airline to
national carrier.</p>



<p>His suggestion is not unconnected with the
worrisome debt profile of not only the airline but other individuals and
institutions debts in Nigeria.</p>



<p>Kuru, who stated this at the July edition of the
Nigerian American Chamber of Commerce breakfast meeting at Oriental Hotel,
Lagos, maintained that the government may lose over N5 trillion bad loans owned
by high networth individuals who are now in top positions as Senators and
Ministers in government .</p>



<p>“My honest advice is that Arik should be
converted into a national carrier. That is the just the way to go.”</p>



<p> ;Kuru however
submitted that AMCON is  ;working with  ;Economic and Financial Crimes Commission, EFCC,
and the Independent Corrupt Practices and other Related Offences Commission,
ICPC including the Nigeria Deposit Insurance Corporation (NDIC) to produce a full-length
television documentary of notorious and recalcitrant obligors.</p>



<p> ;He lamented that
the disturbing bent of the scenario is that these obligors have cleverly  ;manipulated their way to emerge as members of
the national assembly, ministers, chairmen of multinationals as well as
Universities’ Pro-Chancellors.</p>



<p> ;He submitted that “These
are men and women who go to banks, borrow monies with no intention to pay and
in the process bring down banking institutions. It takes a lot for a bank to
fail. AMCON just rescued Skye Bank with an investment of nearly N1trn.”</p>

How Oyo State Next Governor Will Emerge---Seyi Makinde OpenLife reports that Oyo State Governor,…
Jarvis Lists Condition Before Sexual Intercourse With Peller OpenLife reports that content creator Jarvis…
“I Never Planned To Act” — Stella Damasus Breaks Silence On Career Twist OpenLife…
Jibola Olarinoye OpenLife Nigeria reproduces a piece by Pastor Jibola Olarinoye highlighting the sterling qualities…
Celestial Church Denies Link To Pastor And Wife Arrested With Drugs At Seme Border, Badagry…
Actress Witney John Breaks Silence After Husband’s Shocking Property Betrayal OpenLife reports that Nigerian…
This website uses cookies.