Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

NDDC Boss, Ministers Bag Excellence in Public Service Award

December 5, 2025

Trump Wins FIFA’s Inaugural Peace Prize

December 5, 2025

Osun LG: Supreme Court Strikes Out Suit On Withheld Funds Over Jurisdiction

December 5, 2025
Facebook X (Twitter) Instagram
Trending
  • NDDC Boss, Ministers Bag Excellence in Public Service Award
  • Trump Wins FIFA’s Inaugural Peace Prize
  • Osun LG: Supreme Court Strikes Out Suit On Withheld Funds Over Jurisdiction
  • We Will Continue To Sell Fuel At A Reasonable Price: Dangote Assures Nigerians After Meeting Tinubu
  • Trump praises leaders of Rwanda and DR Congo as they sign a peace deal
  • Burkina-Faso Government Plans Restore Death Penalty Nearly Six Years After Its Abolition
  • Rivers Speaker, 16 Other Assembly Members Defect To APC From PDP
  • Tinubu Receives Letters Of Credence From 17 Ambassadors, Four High Commissioners
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Trending»NAMA: Arik aircraft grounded over $2.5m debt case
Trending

NAMA: Arik aircraft grounded over $2.5m debt case

VardiafricaBy VardiafricaJuly 30, 2024Updated:July 30, 2024No Comments7 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Aviation authorities in Nigeria have grounded aircraft belonging to Arik Air over a controversial $2.5m debt.

The Nigerian Airspace Management Agency (NAMA) on Tuesday said the move was a sequel to an order by the enforcement department of the FCT High Court, regarding a debt of $2.5m owed by Arik to Atlas Petroleum International Ltd.

It said, “On the 19th day of July, 2024, the enforcement department of the FCT High Court enforced an Order made by the Court regarding a debt of $2.5 million owed by Arik Airline to one  Atlas Petroleum International Ltd. by attaching their aircrafts. Arik was further given a notice of Public Auction of the planes by the Court which was slated to hold on the 26th day of July 2024 if they fail to pay the Judgment debt. All these were served on our agency and also on our Supervising Minister, the Minister of Aviation.

“The records show that on the 8th day of March, 2016, the Judgment Debtor (ARIK) appealed the decision of the High Court of Lagos State entering judgment against it to the Court of Appeal and on 30th September, 2021, the appeal was dismissed by the Court of Appeal in a unanimous decision with cost.

“ARIK again appealed to the Supreme Court for leave to appeal the decision of the Court of Appeal, and on the 9th day of January, 2024, the Supreme Court, per Okoro, J.S.C., delivered its Ruling dismissing the Judgment Debtor’s application for leave to appeal.

“The Judgment Creditor registered the Judgment of the Lagos State High Court in The High Court of FCT and On the 26th day of June, 2024, Honorable Justice O. A. Adeniyi, then sitting in Court 8, Maitama, Abuja)  made an order after hearing Motion No: M/9785/2024 filed on  behalf of Atlas Petroleum attaching all the moveable properties belonging to the Judgment Debtor, including the Judgment Debtor’s aircraft with Registration No: B737-700/ 5N-MJF, B737-800/ 5N-MJQ, DASH8-Q400 and 5N-BKX in satisfaction of the judgment debt. Copies of the Order and Certificate of Judgment were also served on us and the Minister.

“We understand too that Arik has obtained an exparte order stopping FURTHER EXECUTION of the order, though we have not been formally served. In the circumstances, since the first execution took place by attaching the aircrafts, further execution by way of sale can be halted whilst the parties go back to court to resolve the issues. However, in order to preserve the subject matter of the present dispute which are the aircrafts in question (the res), which have already been attached, we have decided to comply with the effect of the Supreme Court order, by grounding the aircrafts (subject of dispute) so that they are not taken out of the jurisdiction of the court or tampered with in a way as to frustrate the courts.

“Furthermore, the Minister, being a member of the Inner Bar himself understands the implication of the Supreme Court Order dismissing the motion for leave to appeal and will not risk his license as a legal practitioner or his privilege as a Senior Advocate of Nigeria by engaging in acts that will frustrate an order of the Supreme Court of Nigeria.

“The parties to the dispute are encouraged to resolve their issues as quickly as possible so that the  Arik aircrafts in question can resume flight operations.”

ADVERTISEMENT

https://ebf0af0716ec1c8880a405e69f739695.safeframe.googlesyndication.com/safeframe/1-0-40/html/container.html

IN THIS ARTICLE:

Aircraft Arik Court Debt Grounds NAMA


Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

Gunmen Attack Governor Otti’s Advance Team In Imo

December 2, 2025

Defence Minister Mohammed Badaru Resigns

December 2, 2025

EFCC invites ex-AGF Malami for questioning

November 28, 2025

Leave A Reply Cancel Reply

Top Posts

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202490

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202549

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202442

FG Reportedly Lists 15 Persons, BDCs As Terrorism Financiers

March 20, 202430
Don't Miss
Oil & Gas
Oil & Gas By VardiafricaDecember 5, 20253 Mins Read1

NDDC Boss, Ministers Bag Excellence in Public Service Award

By VardiafricaDecember 5, 20251 Oil & Gas Updated:December 5, 202503 Mins Read

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, has been…

Trump Wins FIFA’s Inaugural Peace Prize

December 5, 2025

Osun LG: Supreme Court Strikes Out Suit On Withheld Funds Over Jurisdiction

December 5, 2025

We Will Continue To Sell Fuel At A Reasonable Price: Dangote Assures Nigerians After Meeting Tinubu

December 5, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: info@vardiafrica.com
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

NDDC Boss, Ministers Bag Excellence in Public Service Award

December 5, 2025

Trump Wins FIFA’s Inaugural Peace Prize

December 5, 2025

Osun LG: Supreme Court Strikes Out Suit On Withheld Funds Over Jurisdiction

December 5, 2025
Most Popular

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202490

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202549

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202442

Type above and press Enter to search. Press Esc to cancel.