stagger:
When you have airlines who run the companies like their private homes (Ibru family and Aero) instead of like a true business, then AMCON has a right to take them over. How come airlines are owing billions of Naira to banks while their top management are living very opulent lifestyles? Business owners should live within the incomes of their businesses for them to survive.

maclatunji:


Even when you are experiencing growth, some businesses still file for bankruptcy. People should stop analyzing like they did not pass common entrance exams in primary school without cheating.

It is not about your post alone but thousands we have read over time.

duni04:
This take over has nothing to do with recession. These people simply borrowed money from banks and refused to apply the loans for the purpose they were taken. They used the loans to carry girls and contest for governorship in their States. They probably thought they would do the usual and the banks would just write off the loans without hounding them. That "eat your cake and have it" mentality is dying gradually thanks to AMCON.
If you take any loan from the bank and use the money to carry girls, just know that AMCON will buy that debt from the bank and take over your business, like pulling the rug from under your feet.
We're no longer in the era of the ineffectual Buffon.

keniolawumi56:
Thunder fire AMCON, tell me a company AMCON took over and later made it. They only comes in and did the final burial of dying companies. Oceanic and aero contractor are good examples.

Agimor:
Effects of Bubu inefficiency rather.

NuclearWinter:


You mean full blown depression.

Airline industry is the first sector of any economy to feel the effects of an economic slump or gain.
As air travel is directly related to economic activity.

JacksonD7:


If we're here now then I wonder where we'll be in 2019.

NuclearWinter:


Zimbabwe and Venezuela combined comes to mind

JacksonD7:


I pray it doesn't get to that stage cause if it does I'm packing my bags and moving to Cape Verde or some other Atlantic island.

omenkaLives:
That man jonadumbfuck would always feature in every bad news in this country. What a curse to humanity.

luvinhubby:


Are you hallucinating or what ?

holluwai:
but a thread below says the economy was recovering in full speed...LOL

omenkaLives:
That man jonadumbfuck would always feature in every bad news in this country. What a curse to humanity.

mfm04622:


The economy may be recovering but some companies may still go under while things are getting better.

SalamRushdie:
In 1984 many airlines folded up under the poor leadership of Buhari so I am not suprised

SalamRushdie:
In 1984 many airlines folded up under the poor leadership of Buhari so I am not suprised

bestman09:
Who will be next? Very soon AMCON will take over every business, but the question is will they manage them well? Will people not lose their jobs?
Is this the ONLY way to turn around the fortunes of these businesses

louqas:


Keep quiet Kid........... you are an apology to the real owner of the moniker you are using.

NuclearWinter:


Shut up!

Passenger traffic has dropped sharply due to the poor economy.

Bank loans drawn as down payments to procure aircrafts and spare parts were made out in dollars.

Niara crashes by over 300% and passenger numbers drop sharply and you still blame the airline management?

Even fuel cost has increased plus govt taxes and levies and you still blame the airline?

Why do you zombies like deceiving yourselves?

stagger:
When you have airlines who run the companies like their private homes (Ibru family and Aero) instead of like a true business, then AMCON has a right to take them over. How come airlines are owing billions of Naira to banks while their top management are living very opulent lifestyles? Business owners should live within the incomes of their businesses for them to survive.

SalamRushdie:


Keep fooling yourself Sir

louqas:


Desecrating the name of a great man isn't polite ........ so just change that moniker whether I'm fooling myself or you are fooling yourself.