I Did Not Demand Any Money From Arik Air – Aviation Minister

Aviation minister, Stella Oduah

Aviation minister, Stella Oduah

The Minister of Aviation, Stella Oduah has denied the allegations of demanding five percent equity from the management of Arik Air.

The Vice-Chairman of Arik Air, Aniete Okon, while addressing journalists in Lagos on Thursday had said that the airline is being punished for its refusal to accede to the personal interest of Ms Oduah.

According to Mr Okon, “This is a direct result to the rebuff that the minister suffered when she tried to promote personal rather than national interest.”

Reports also have it that “the Minister wants 5 percent share of Arik at all cost, which has been resisted by the Arik Chairman.”

However, Ms Oduah denied the allegation in a statement released on Friday by her Special Adviser, Joe Obi.

According to the statement, the allegations “is absurd, malicious and ultimately laughable.”

Ms Oduah however said her “first impulse is to totally ignore this groundless falsehood. Except that it will send the wrong signals to the general public.”

In the statement, the Minister’s aide said the “5 percent equity story is without any foundation whatsoever.

The statement reads, “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.”

  1. chichi Reply

    I pity Mrs Jonathan.GEJ have made Petroleum and Aviation Ministers untouchable bcos of d ….that is going bw them.I pity Nigeria too.Pls Ministers aide they said 5% stake of their share but u mugu are busy saying she did not collect money.Shame on u

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