Nigeria Air: Memo Reveals Why Ethiopia, Investors Fail To Sign Deal - News Summed Up

Nigeria Air: Memo Reveals Why Ethiopia, Investors Fail To Sign Deal


He wrote on his verified Twitter handle, @BashirAhmaad (sic), “NigeriaAir is NOT a fraud, the Aviation Ministry has made a significant progress towards its realisation. The ICRC memo also indicated that the proposal was turned down five times by the Federal Executive Council under the Buhari administration before it was eventually approved the sixth time. They were unable to resolve their issues and sign the shareholder’s agreement as requested. “This led to a letter of complaint from SAHCO expressing its concerns and not accepting the shareholders’ agreement as presented. Efforts to mediate through physical meetings and correspondences towards ensuring the signing of the shareholders’ agreement are ongoing.


Source: Ethiopian News June 18, 2023 07:33 UTC



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