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The Nigeria Customs Service (NCS) has instituted an inquiry into alleged sale of three aircraft in the fleet of Arik Air Limited under the receivership of the Assets Management Corporation of Nigeria (AMCON), The Nation reports.
The deal, according to sources, is estimated to be around $40 million.
While the management of the airline admitted that it was cooperating with the NCS to provide details on the alleged aircraft sale, it, however, said the controversial airplanes – Q-400, CRJ-1000 and CRJ-900 – were taken over by their foreign owners who decided to sell them to new operators.
NCS invited the management of Arik Air over the alleged cannibalisation of the three aircraft and subsequent re-exportation of the same machines.
A document with the head: ‘Re: Request for Physical Inspection of Boeing 737NG. MSN: 28640, Reg No. 5N-MJI; Bombardier CRJ-900, MSN: 15059, Reg: No: 5N-JEB; And CRJ-900ER, MSN: 15058, Reg. No. 5N-JEA,’ signed by I.G. Umar, the Comptroller, Customs Intelligence Unit (CIU), and dated October 3, 2023, requires Arik Air Limited in receivership to shed more light on the deal.
The document advised the management of Arik Air to come to the CIU headquarters for clarification.
AMCON, however, said that it was cooperating with NCS on its investigation on the controversial aircraft.
In what may appear as an unfolding development, AMCON claimed that the three companies owned by the founder of Arik Air, Sir. Johnson Arumemi-Ikhide, owed it a total of N400 billion in debts before the takeover.
The corporation also debunked the claim that it engaged in the illegal sale of three aircraft and spare parts belonging to Arik Air after it took over the airline seven years ago.
A statement by the media consultant to AMCON, SY&T Communications, said Arik Air, for instance, remained indebted to AMCON for over N240 billion.
It added that Rockson and Ojemai Farms, all companies owned by Johnson Arumemi-Ikhide, are indebted to AMCON to the tune of over N400 billion.
It maintained that rather than engage in “fruitless campaigns of calumny,” Arumemi-Ikhide should approach it for the payment of the loans.
Besides, denied that it illegally sold some of the airline’s aircraft and spare parts as claimed by Arumemi-Ikhide.
According to AMCON, the aircraft; Q-400, CRJ-1000 and CRJ-900 were acquired on loan by the Arumemi-Ikhide through the Export Development Canada (EDC).
According to AMCON, Arumemi-Ikhide had approached Bombardier, a Canadian company, to purchase planes for his aviation business and approached EDC to grant loans to support the purchase request.
The corporation stated that EDC agreed an acceptable structure to the lending requests taking into consideration Nigeria country risks, adding that the Canadian company agreed to extend loans to an entity called JEM Leasing Limited towards meeting Arik’s equipment needs.
AMCON added that the company was registered as a special purpose company in a tax haven, while Arik had no shares in it.
It clarified that JEM Leasing Limited, then purchased two Bombardier Q-400 aircraft with one spare engine and one Bombardier CRJ-1000 aircraft for Arik Air in the deal, which were pledged to EDC.
