We took over arik because of n146 billion debt amcon

It seems like you're referring to the recent development involving Arik Air, a Nigerian airline. According to reports, the Asset Management Corporation of Nigeria (AMCON) took over the airline due to a debt of N146 billion.

For those who may not be aware, AMCON is a Nigerian government agency responsible for managing and recovering non-performing loans (NPLs) from banks. In this case, Arik Air had accumulated a significant debt, which AMCON took over to prevent a potential collapse of the airline and to recover the debt.

The takeover was reportedly done to ensure the airline's continued operations and to protect the interests of its creditors, including AMCON, banks, and other stakeholders. The move is also expected to help the airline recover from its financial difficulties and return to profitability.

It's worth noting that the takeover is not a liquidation, but rather a restructuring of the airline's debt and operations. This means that Arik Air will continue to operate, albeit under the management of AMCON, until the debt is fully recovered.

What are your thoughts on this development? Do you think the takeover will help Arik Air recover and become a more stable airline?