N387b bad debts arik faces liquidation

It seems like you're referring to the news about Arik Air, a Nigerian airline, facing liquidation due to bad debts amounting to N387 billion.

For those who may not be aware, Arik Air is one of the largest airlines in Nigeria, and its financial struggles have been well-documented in recent years. The airline has been facing significant challenges, including debt, operational issues, and regulatory hurdles.

According to reports, the airline's debt has been accumulating over the years, and it has been unable to pay its creditors, including banks and other financial institutions. The total debt owed by Arik Air is reportedly around N387 billion, which is a significant amount.

The liquidation of Arik Air would have significant implications for the airline's employees, customers, and the broader aviation industry in Nigeria. It would also raise concerns about the country's ability to maintain a viable and competitive airline industry.

It's worth noting that the Nigerian government has been trying to find a solution to the airline's financial woes, including exploring options for a possible takeover or merger with another airline. However, the situation remains uncertain, and it's unclear what the future holds for Arik Air.

Do you have any specific questions or concerns about this situation, or would you like to know more about the implications of Arik Air's potential liquidation?