This is contained in a statement issued on Friday in Abuja, by Mr Joe Obi, Special Assistant (media) to the minister. .
It stated that a recent publication by the management of the airline was designed to embarrass the minister.
It said that Arik Air was owing the ministry N85.4 billion and stressed that Oduah had no stake in the company.
The release stated that the minister could not have contemplated acquiring a stake in any airline and cautioned that the time was ripe for Arik Air to change its business module to resolve its financial crisis.
It would be recalled that Arik Air was prevented from operation since Thursday by labour unions of the Federal Aviation Authority of Nigeria, FAAN. (NAN).