• Latest
  • Trending
NAMA announces plan to raise airline charges by 800%

NAMA grounds planes of Arik Air

July 30, 2024
COAS Seeks Stronger Regional Security To Tackle Emerging Threats

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

October 1, 2026
Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

October 1, 2026
Police Uncover N6.17b Cyberfraud, Arrest Suspects

Police Uncover N6.17b Cyberfraud, Arrest Suspects

October 1, 2026
Mutfwang Woos EU Investors, Says Plateau Open For Business

Mutfwang Woos EU Investors, Says Plateau Open For Business

October 1, 2026
Kano: Suspect Arrested Over Alleged Invitation of Bandits for Attacks

Kano: Suspect Arrested Over Alleged Invitation of Bandits for Attacks

October 1, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
FG Breaks Ground For New Grid Control Centre In Osogbo

FG Breaks Ground For New Grid Control Centre In Osogbo

October 1, 2026
ReachOut Nigeria Celebrates 20 Years With 100 Million Rhapsody Copies

ReachOut Nigeria Celebrates 20 Years With 100 Million Rhapsody Copies

October 1, 2026
FCTA workers suspend strike, protests as Labour  reaches agreement with Wike

Wike Vows To Quit As FCT Minister If Tinubu Loses FCT, Rivers

October 1, 2026
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

AFCON 2025 Title Dispute: CAS Fixes Oct 8 For Senegal’s Appeal Hearing

October 1, 2026
ADVERTISEMENT
  • Privacy Policy
    • Home
      • Contact Us
  • Advert Rates
Thursday, October 1, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result
Home Business

NAMA grounds planes of Arik Air

by Present Nigeria
July 30, 2024
in Business
0
NAMA announces plan to raise airline charges by 800%
31
SHARES
62
VIEWS
FacebookTwitterWhatsappTelegram

The Nigerian Airspace Management Agency (NAMA) said the fleet of Arik Air has been grounded over the enforcement of the court judgment of $2.5m owed by the airline to Atlas Petroleum International Ltd.

NAMA in a statement on Tuesday said the judgment was enforced by the enforcement department of the FCT High Court on the 19th day of July, 2024 by attaching the air craft of the airline.

RelatedPosts

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

Police Uncover N6.17b Cyberfraud, Arrest Suspects

It added that 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.

NAMA said the orders were served on it and also on the Minister of Aviation, Festus Keyamo.

Giving an insight into the debt and the legal tangle between Arik and Atlas Petroleum Ltd, NAMA said, “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.”

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Like this:

Like Loading...

Related

Share12Tweet8SendShareShare2
Previous Post

Police arrest 32 suspects over violent attacks at FCE, Akoka

Next Post

Aug 1: Organisers reject IGP’s proposal for confined protests, insists on hitting the street

Related Posts

AON Condemns Attack On Airline Staffs, Calls For More Security At Airports

AON Threatens To Ground Flights Over Aviation Union Protests

September 29, 2026
NMDPRA warns independent marketers against infractions

Import Licence: Court Rules Against NMDPRA, Favours Marketers

September 29, 2026
Lekki Port Receives 1st LNG-powered Vessel

FG To Upgrade 4 Eastern Ports, Okays 6 New Deep Seaports

September 28, 2026
NETCO targets 5% increase in market shares, posts 137% increase in operating profit for 2023

NNPC Welcomes $800m FID On Ima Gas Project

September 26, 2026
Next Post
Protest Rocks FUTA Over Sudden Death Of Final Year Student

Aug 1: Organisers reject IGP's proposal for confined protests, insists on hitting the street

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

COAS Seeks Stronger Regional Security To Tackle Emerging Threats

October 1, 2026
Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

Insecurity: COAS Calls For Deeper ECOWAS Defence Partnership

October 1, 2026
Police Uncover N6.17b Cyberfraud, Arrest Suspects

Police Uncover N6.17b Cyberfraud, Arrest Suspects

October 1, 2026

© 2025 Present Nigeria. All Rights Reserved.

  • Privacy Policy
  • Advert Rates

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.

%d