The Asset Management Corporation of Nigeria (AMCON) has vowed to recover the N455 billion debt owed by Arik Air and its affiliate companies, despite facing what it describes as a coordinated smear campaign by the airline’s founder, Johnson Arumemi-Ikhide.
Speaking at a media luncheon in Lagos on Friday, Jude Nwauzor, AMCON’s Head of Corporate Communications, accused Arumemi-Ikhide of sponsoring misleading narratives to evade payment. He emphasized that AMCON remains legally mandated to recover debts and will not succumb to intimidation.
Nwauzor described AMCON’s debt recovery efforts as an uphill battle, often met with legal resistance, public misinformation, and character assassination.
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