l believe this thread is about payday at Arik air. It may not be appropriate to discuss the individual involved in the A33O issue. Also just for clarification,the 500b naira bailout funds is not meant to be given to the airlines directly. The indebted airlines are being encouraged to restructure their debts at a favourable 7% interest rate instead of the prevailing rates of btw 17-20%. The govt pays the difference directly to the banks. The airlines benefit by having reduced interest payments ,freeing capital for other things e.g salaries.The banks benefit by having huge injection of capital into the system stabilizing some banks who are strained as a result of over exposure to indebted airlines. The rest of the economy benefit by the banks ability to resume lending.