• AMCON takes over Airijet Airlines over N10b debt

    AMCON takes over Airijet Airlines over N10b debt

    Justice Chuka Austine Obiozor of a Federal High Court, Lagos Division has ordered the Assets Management Company of Nigeria, AMCON, to take over Afrijet Airlines Limited.

    The company is allegedly owing AMCON nearly N10 billion.

    The order also affects Ibe’s Continental Aviation Services Limited. AMCON has since appointed Prof. Gbolahan Elias, SAN, as Receiver/Manager.

    At about 11:00am Friday, the Receiver/Manager took possession of the assets of Chief Ibe, including Afrijet Plaza, the corporate head office of the airlines located on Sheraton-Opebi Link Road […]