Aviation Minister Reacts to Arik’s allegation, Says It is laughable and Diversionary
Minister of Aviation, Princess Stella Oduah has reacted to the allegation credited to Arik Air Limited accusing her of persecuting the airline for refusing to heed to her demand of 5% equity from the airline.
The Minister in a press release made available to Abusidiqu.com denied all the allegations made by the management of Arik Air, describing it as “absurd, malicious and ultimately laughable”
Below is the full text of the statement:
ARIK AIRLINES’ CONFLICT OF INTEREST ALLEGATION LAUGHABLE, DIVERSIONARY
The attention of the Honourable Minister of Aviation, Princess Stella Adaeze Oduah, OON, has been drawn to a fabrication credited to the Management of Arik Airlines, to the effect that the Minister demanded a 5 percent equity holding in the airline. The story alleged a Ministry of Aviation hostility against Arik on account of the so-called equity demand that it claimed to have turned down!
The first impulse is to totally ignore this groundless falsehood. Except that it will send the wrong signals to the general public. Therefore, the sole intent of this release is to put the records straight.
The 5 percent equity story is without any foundation whatsoever. It is absurd, malicious and ultimately laughable. The Honorable Minister of Aviation could not have contemplated acquiring a stake in any airline, let alone Arik Air that is groaning from a crippling N85.4 billion debt overhang.
The time is ripe for Arik Air to change its business module that ‘thrives’ on unprecedented accumulation of debts and liabilities. The futile attempt to impugn the integrity of the Aviation Minister by inferring a conflict of interest against her is at best diversionary. It should be obvious to the management of Arik Air that blackmail is not a panacea for a floundering enterprise.
The Honourable Minister of Aviation has directed her lawyers to seek legal redress for this malicious allegation by Arik Air.
SA (Media) to the Aviation Minister.
Do not hesitate to leave your opinion in the comment section below.
To contact Abusidiqu.com for Article Submission and Advertisement or General inquiry, send a mail to email@example.com