Paradise Papers: Arik Air founder, Arumemi-Ikhide’s off shore world exposed!

FEATURED, NEWS
Paradise Papers: Arik Air founder, Arumemi-Ikhide’s offshore world exposed!
November 16, 2017

Says; “As a business person, we can have many offshore companies,”

Joseph Arumemi-Ikhide, the founder of Nigeria’s biggest commercial airline, Arik Air, is perhaps the country’s most prolific user of offshore entities. Mr Arumemi-Ikhide, alongside his wife, Mary, owns and maintains an intricate network of shell companies scattered across notorious tax havens, Premium Times can report.

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Arik Air Collapse UPDATE: Nigerian govt. takes over distressed Arik airlines, appoints new management

Premium Times>>>  The Federal Government on Thursday took over Arik Airlines and announced the appointment of a new management in a bid to save the country’s aviation industry from total collapse.

Related Post: Airfares rise by 100 per cent as workers shut Arik

Under the new arrangement, Roy Ilegbodu, a veteran aviation expert, has been named to take over the management of the airline under the receivership of Oluseye Opasanya, a senior advocate of Nigeria.