Air Nigeria sacks staff, suspends operations

Now, this is really sad and annoying. Why take over a business you cannot sustain? Barrister Jimoh Ibrahim may be a 'billionaire' but he is really a terrible entrepreneur. He has practically 'killed' every business organisation he took over, and adly, Air Nigeria has been added to his unenviable list. Here's how The Vanguard reported it.

AIR Nigeria has announced the suspension of all its operations -local, regional and international – with effect from Monday, September10, 2012.

The suspension, according to the management of the frontline airline, is largely due to staff disloyalty and environmental tension, “which are not conducive for business in the aviation sector.”

In a statement yesterday, the management of the airline expressed regrets for any inconvenience the decision would cause its loyal passengers on all the routes and advised passengers to contact agents from whom they had purchased tickets for refunds.

Reacting to the development, the Chairman of the airline, Barrister Jimoh Ibrahim, OFR, said it was difficult to continue further investment in the airline, with the high level of staff disloyalty and weak business environment.