11 September 2017

Nigeria: Takeover Negotiations - Arik Air Files N20bn Suit Against FG, Ethiopian Airlines

Photo: Premium Times
Arik Airline.

Arik Air Limited has filed a N20 billion suit against the Federal Government and Ethiopian Airlines over recent claims in the media that they were negotiating the take-over of the airline.

The suit was instituted by the airline at the Federal High Court, Lagos, against Ethiopian Airlines, the Federal Ministry of Transportation and the Attorney-General of the Federation.

A copy of the suit, which was filed September 6, 2017 by Arik Air's counsel, Mr Babajide Koku, SAN, Mr Chukwuemeka Nwigwe and Mrs Ezinne Emedom, was obtained, yesterday, in Lagos.

In its statement of claim supported by a 20 paragraph affidavit deposed to by Mr Chris Ndulue, a Director with Arik Air, the plaintiff asked the court to restrain the first and second defendants from further negotiations on its takeover.

The plaintiff noted that the Asset Management Company of Nigeria, AMCON, had taken over the airline on February 8, which was challenged by its management via two suits already pending before the Federal High Court, Lagos.

It, therefore, asked the court to declare the negotiations null and void because the Ministry of Transportation had no power to transfer the management of the airline to Ethiopian Airlines while the suits over the takeover are pending.

The plaintiff also asked the court for an order directing the Attorney General of the Federation to ensure the investigation of Ethiopian Airlines by the appropriate authorities for inducing and interfering in the administration of justice in the pending suits.

The suit is yet to be assigned to any judge and no date has been fixed for hearing.

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