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

NAMA grounds planes of Arik Air

July 30, 2024
JAMB Postpones Post UTME Test Till Sept 7th

Mop-Up UTME Slips Ready: JAMB Urges Early Printing

June 8, 2026
FCCPC Reacts To Complaints Of Inability To Purchase Electricity Units Under IKEDC

FCCPC Denies Tinubu Approved 9 New Airtime Operators

June 8, 2026
Army, Police, Others Storm Falgore Forest Kano In Search Of Bandits

Troops Foil Terror Attack, Prevent Mass Abduction in Kogi

June 8, 2026
Akwa-Ibom: Appeal Court Dismisses Certificate Forgery Suit Against PDP Candidate, Eno

Eno Pushes for Ibom Port Execution Timeline

June 8, 2026
Tinubu Directs Service Chiefs to Move to Borno

Tinubu Ends S/A Firm Monopoly, Opens N3trn Airtime Market

June 8, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
Nigerian Pilgrim Dies In Makkah

Kaduna Pilgrims Airlift From Saudi Begins June 15

June 7, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

Lagos Police Detain Nurse, Lab Attendant Over Threat Report

June 7, 2026
360 Freed as Troops Raid Boko Haram Enclave in Mandara

360 Freed as Troops Raid Boko Haram Enclave in Mandara

June 7, 2026
CAS Aneke shakes up Air Force, redeploys  senior officers

NAF Vows to Rescue Abducted Oyo School Victims, Backs Troops

June 7, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Monday, June 8, 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

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

Mop-Up UTME Slips Ready: JAMB Urges Early Printing

FCCPC Denies Tinubu Approved 9 New Airtime Operators

Troops Foil Terror Attack, Prevent Mass Abduction in Kogi

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)

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

FCCPC Reacts To Complaints Of Inability To Purchase Electricity Units Under IKEDC

FCCPC Denies Tinubu Approved 9 New Airtime Operators

June 8, 2026
PCN Shuts 572 Drug Outlets for Regulatory Breeches

PCN Shuts 572 Drug Outlets for Regulatory Breeches

June 6, 2026
Grenada Okays Visa-Free Entry for Nigerians

Grenada Okays Visa-Free Entry for Nigerians

June 5, 2026
Kuwait Suspends Flights After Iran Missiles Hit Airport

Kuwait Suspends Flights After Iran Missiles Hit Airport

June 3, 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.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

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.