A former aviation minister, Isa Yuguda, has disclosed that Richard Branson, the founder of British multinational venture capital conglomerate, Virgin Group, was chased out of Nigeria over disagreement on the Virgin Nigeria deal.
Yuguda, who was the minister of aviation under former President Olusegun Obasanjo, said Virgin Nigeria was launched in 2004 after the government partnered with Branson to replace the then-defunct Nigeria Airways.
However, a new minister was appointed and he frowned at the deal, leading to Branson and his company exiting the Nigerian market in 2009 before the airline stopped operation in 2012.
