is this a concerted effort to run Arik out of business? I hope not
Reading the article, and another from 'This Day' it was not made clear (to me anyway!) whether the outstanding loans were to be 'called in' or the intention was to refuse any extension of credit.
Anyway I see that Aero Contractors are also listed.
If Arik and Aero were put out of business then the whole of the Nigerian economy, such as it is, would fall apart.
Certainley since the collapse of Air Nigeria etc people in high places will have observed that Arik's cash flow has improved somewhat. Is it possible that some of those people are looking for what they see as their 'slice of the action' ?
Perhaps this is just a lot of 'posturing' rather than an end game.