15th September, 2010
NCAAâ€™s Director General, Dr. Harold Demuren, said in a statement to journalists that theÂ airline paid the money two weeks after its deadline.
â€œThe Nigerian Civil Aviation Authority on Tuesday 14th September 2010 received a draft ofÂ N6, 695, 385; N5, 705, 515; N1, 462, 175; N5, 898, 030 and N1, 998, 096 respectively,Â totaling N21, 759, 201 from Arik Air to cover the bounced cheques.
â€œThe bounced cheques were meant to be re-presented on 30th of August 2010. Somehow, it didÂ not happen,â€ Demuren said.
The statement contradicted Arik Airâ€™s claims that it did not issue dud cheques to NCAA.
Several media reports have suggested the airline is broke, but Arik Air has described suchÂ reports as mere speculations.
The airline has purchased many airlines in recent years, especially from Boeing. DetailsÂ about the purchase have never been made public.