September 11, 2017
By Anthony Awunor
Lagos — Following recent claims in the media that Ethiopian Airlines is negotiating the takeover Arik Air Limited, shareholders of the airline have filed a N20 billion suit against the East African carrier, accusing them of sharp practices.
The suit was instituted by the shareholders of the airline at the Federal High Court, Lagos against Ethiopian Airlines, the Federal Ministry of Transportation and the Attorney General of the Federation, Mr Abubakar Malami. LEADERSHIP obtained a copy of the suit which was filed on Sept.6, 2017 by Arik Air’s counsel, Mr Babajide Koku (SAN), Mr. Chukwuemeka Nwigwe and Mrs Ezinne Emedom in Lagos yesterday.
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 Feb. 8, 2017 which was challenged by its management via two suits already pending before the Federal High Court, Lagos.
“The plaintiff further avers that the action taken by the first and second defendants will have a negative effect on the country’s image as the plaintiff being the largest airline will be pawned over to another country for management,” it said.