• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Nigeria: Govt Grounds Arik Air Over $2.5m Debt

Nigeria: Govt Grounds Arik Air Over $2.5m Debt

2 years ago
Burkina Faso: Military Government Dissolves Political Parties

Burkina Faso: Parliament Votes To Restore Capital Punishment

1 day ago
Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

2 days ago
South: Ramaphosa Urges Court To Halt Impeachment Probe Over ‘Farmgate’ Scandal

South Africa May Face US Trade Exclusion – Ramaphosa

2 days ago
Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

3 days ago
Amanpour Announces Plan To Quit CNN After 43 Years

Amanpour Announces Plan To Quit CNN After 43 Years

3 days ago
Thursday, October 22, 2026
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

    Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

    Cameroon: Leading Opposition Elects First Female President

    Cameroon: Leading Opposition Elects First Female President

    Tunisia: Thousands Stage Protest Against President Saied

    Tunisia: Thousands Stage Protest Against President Saied

    Ethiopia Says It Will Not Go To War With Eritrea Over Red Sea Access

    Ethiopia: PM Abiy Sets Up Interim Govt In Tigray After Escalations

    DR Congo: Kabila Joins Forces With M23 Rebels, Forms New Coalition To Challenge Tshisekedi

    DR Congo: Kabila Joins Forces With M23 Rebels, Forms New Coalition To Challenge Tshisekedi

    Trump Calls For Zelensky’s Replacement As Ukraine’s President To End Russian War

    Trump Calls For Zelensky’s Replacement As Ukraine’s President To End Russian War

    Malawi: Why Does Mutharika Keep Travelling To South Africa? Fifth Trip In One Year Sparks Fresh Debate

    Malawi: Why Does Mutharika Keep Travelling To South Africa? Fifth Trip In One Year Sparks Fresh Debate

    Ethiopia Renews Demand To Access Red Sea As Tension With Neighbours Rises

    Ethiopia Renews Demand To Access Red Sea As Tension With Neighbours Rises

    Guinea-Bissau Gives Portuguese Journalists Aug. 19 Ultimatum To Leave

    Guinea-Bissau: Ousted President Embalo To Seek Election December

  • Economy
    Nigeria, AfDB Move To Unlock $6.2bn Portfolio To Fast-Track Projects

    Nigeria, AfDB Move To Unlock $6.2bn Portfolio To Fast-Track Projects

    Africa Must Move Beyond Raw Materials To Build Global Industrial Power – Adesina

    Africa Must Move Beyond Raw Materials To Build Global Industrial Power – Adesina

    IMF To Visit Senegal In August, With Focus On Hidden Debts, New Disbursements

    IMF To Release $200m Financial Package For Niger

    Presidency Reacts As Nigeria Exits IMF’s Debtors List

    Nigerian Government Offers 30-Day Discount On Petrol To Citizens

    Five Countries Push Ahead With €13bn North Africa-Europe Hydrogen Corridor

    Five Countries Push Ahead With €13bn North Africa-Europe Hydrogen Corridor

    AU Officially Unveils Africa’s First Credit Rating Agency

    AU Officially Unveils Africa’s First Credit Rating Agency

    Kenya: Ruto Orders 10-Day Pension Payment Period For Retirees

    Kenya: Ruto Orders 10-Day Pension Payment Period For Retirees

    African Leaders Seek Homegrown Capital To Power Continent’s Growth

    African Leaders Seek Homegrown Capital To Power Continent’s Growth

    Kenya: Lamu Residents Raise Environmental Concerns Over $16bn Dangote Refinery

    Kenya: Lamu Residents Raise Environmental Concerns Over $16bn Dangote Refinery

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

    Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

    Cameroon: Leading Opposition Elects First Female President

    Cameroon: Leading Opposition Elects First Female President

    Tunisia: Thousands Stage Protest Against President Saied

    Tunisia: Thousands Stage Protest Against President Saied

    Ethiopia Says It Will Not Go To War With Eritrea Over Red Sea Access

    Ethiopia: PM Abiy Sets Up Interim Govt In Tigray After Escalations

    DR Congo: Kabila Joins Forces With M23 Rebels, Forms New Coalition To Challenge Tshisekedi

    DR Congo: Kabila Joins Forces With M23 Rebels, Forms New Coalition To Challenge Tshisekedi

    Trump Calls For Zelensky’s Replacement As Ukraine’s President To End Russian War

    Trump Calls For Zelensky’s Replacement As Ukraine’s President To End Russian War

    Malawi: Why Does Mutharika Keep Travelling To South Africa? Fifth Trip In One Year Sparks Fresh Debate

    Malawi: Why Does Mutharika Keep Travelling To South Africa? Fifth Trip In One Year Sparks Fresh Debate

    Ethiopia Renews Demand To Access Red Sea As Tension With Neighbours Rises

    Ethiopia Renews Demand To Access Red Sea As Tension With Neighbours Rises

    Guinea-Bissau Gives Portuguese Journalists Aug. 19 Ultimatum To Leave

    Guinea-Bissau: Ousted President Embalo To Seek Election December

  • Economy
    Nigeria, AfDB Move To Unlock $6.2bn Portfolio To Fast-Track Projects

    Nigeria, AfDB Move To Unlock $6.2bn Portfolio To Fast-Track Projects

    Africa Must Move Beyond Raw Materials To Build Global Industrial Power – Adesina

    Africa Must Move Beyond Raw Materials To Build Global Industrial Power – Adesina

    IMF To Visit Senegal In August, With Focus On Hidden Debts, New Disbursements

    IMF To Release $200m Financial Package For Niger

    Presidency Reacts As Nigeria Exits IMF’s Debtors List

    Nigerian Government Offers 30-Day Discount On Petrol To Citizens

    Five Countries Push Ahead With €13bn North Africa-Europe Hydrogen Corridor

    Five Countries Push Ahead With €13bn North Africa-Europe Hydrogen Corridor

    AU Officially Unveils Africa’s First Credit Rating Agency

    AU Officially Unveils Africa’s First Credit Rating Agency

    Kenya: Ruto Orders 10-Day Pension Payment Period For Retirees

    Kenya: Ruto Orders 10-Day Pension Payment Period For Retirees

    African Leaders Seek Homegrown Capital To Power Continent’s Growth

    African Leaders Seek Homegrown Capital To Power Continent’s Growth

    Kenya: Lamu Residents Raise Environmental Concerns Over $16bn Dangote Refinery

    Kenya: Lamu Residents Raise Environmental Concerns Over $16bn Dangote Refinery

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News
Home Economy

Nigeria: Govt Grounds Arik Air Over $2.5m Debt

July 30, 2024
in Economy, Top Stories
0 0
0
11
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Emmanuel Nduka

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered the grounding of Arik Air, throwing many passengers of the airline in disarray.

Relatedreading

Burkina Faso: Parliament Votes To Restore Capital Punishment

Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

The development followed litigation issues with April Air’s creditors.

The order by the Minister followed a court verdict on the debt of $2.5 million owed by Arik Airline to one Atlas Petroleum International Ltd. by attaching their aircrafts.

The airline was further given a notice of Public Auction of the planes by the Court which was slated to hold on July 26, 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,” a statement by the Nigeria Airspace Management Agency (NAMA) said.

The management of the airline however expressed dismay by what it called the “sudden order” issued by the Minister.

Captain Roy Ilegbodu, Chief Executive Officer of the airline, said, “This decision, made without warning or consultation, has serious repercussions for our valued passengers, dedicated employees, and the broader Nigerian economy.

“Our priority has always been to connect people and facilitate commerce, especially on critical domestic routes. The grounding of our fleet disrupts these vital services, leaving passengers stranded and inflating already high travel costs. This decision hurts everyday Nigerians who rely on our flights for business, family, and essential activities.

“The decision also disregards ongoing judicial processes. On February 26, 2016, a judgment was made in favor of Atlas Petroleum International Limited and Engineer Arthur Eze.

“However, there is an ongoing case in the Federal High Court, where Asset Management Corporation of Nigeria (AMCON) is asserting its secured interest in Arik’s assets. Despite this, a writ of attachment was issued on July 18, 2024, targeting our Aircraft, subsequent to which, further to an originating motion filed by AMCON, the High Court of the FCT on July 25, 2024 clearly instructed all parties to maintain status quo. We therefore are perplexed as to the grounding of our fleet, which is an overreach of the ongoing judicial processes and directives of court.

“We believe this action undermines the rule of law and sets a dangerous precedent, prioritizing unsecured private interests over the public good and the rights of secured creditors. We are committed to following the legal process and have full faith in the judiciary to resolve these matters fairly.

“Arik has always been a proud partner in Nigeria’s growth, providing reliable and safe air travel. We urge the authorities to reconsider this decision, lift the grounding order, and allow us to continue serving the public and supporting the economy.

“We stand with our passengers and employees during this challenging time and are working tirelessly to resolve this situation. Your support and understanding are greatly appreciated.

“We sincerely regret any inconvenience caused to our esteemed passengers.”

Meanwhile the Federal Airports Authority of Nigeria (FAAN) said it has put in place measures to assist the stranded Arik Air passengers.

FAAN stated that it is aware that Arik Airline has been grounded due to litigation issues between the airline and their creditors.

“The Authority has instructed all airport managers across the country to assist the affected passengers as Arik Airline works out plans to rebook and transfer passengers to other available flights,” FAAN stated in a statement by its spokesperson, Obiageli Orah.

 

Tags: Arik AirNAMANCAA
ShareTweetSend
Previous Post

Liberia: Court Issues Arrest Warrant For Ex-President Weah’s Minister Over $500m Graft

Next Post

UK Navy Trains Kenyan Counterparts Against Piracy, Terrorism

Related Posts

Burkina Faso: Military Government Dissolves Political Parties

Burkina Faso: Parliament Votes To Restore Capital Punishment

October 21, 2026
Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

October 20, 2026

South Africa May Face US Trade Exclusion – Ramaphosa

Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

Amanpour Announces Plan To Quit CNN After 43 Years

Cameroon: Leading Opposition Elects First Female President

Next Post
UK Navy Trains Kenyan Counterparts Against Piracy, Terrorism

UK Navy Trains Kenyan Counterparts Against Piracy, Terrorism

Please login to join discussion
AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1
AfriHeritage Magazine 2026 AfriHeritage Magazine 2026 AfriHeritage Magazine 2026

Updates

  • Trending
  • Comments
  • Latest
Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

September 18, 2025
Saudi Considers Launching English TV Channel As Al Jazeera’s Rival

Saudi Considers Launching English TV Channel As Al Jazeera’s Rival

May 10, 2023
Iheanacho Helps Leicester City Win First Community Shield Title In 50 years

Iheanacho Helps Leicester City Win First Community Shield Title In 50 years

August 7, 2021
Paris Olympics: D’Tigress Out, Nigeria Still Searching For Medal 12 Days After

Paris Olympics: D’Tigress Out, Nigeria Still Searching For Medal 12 Days After

August 8, 2024
Burkina Faso: Military Government Dissolves Political Parties

Burkina Faso: Parliament Votes To Restore Capital Punishment

0
Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

0
South: Ramaphosa Urges Court To Halt Impeachment Probe Over ‘Farmgate’ Scandal

South Africa May Face US Trade Exclusion – Ramaphosa

0
Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

0
Burkina Faso: Military Government Dissolves Political Parties

Burkina Faso: Parliament Votes To Restore Capital Punishment

October 21, 2026
Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

October 20, 2026
South: Ramaphosa Urges Court To Halt Impeachment Probe Over ‘Farmgate’ Scandal

South Africa May Face US Trade Exclusion – Ramaphosa

October 20, 2026
Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

October 19, 2026

Most Recent

Burkina Faso: Parliament Votes To Restore Capital Punishment

October 21, 2026

Nigeria, UK Deepen Ties On Security, Trade, Migration, Investment

October 20, 2026

South Africa May Face US Trade Exclusion – Ramaphosa

October 20, 2026

Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

October 19, 2026

Amanpour Announces Plan To Quit CNN After 43 Years

October 19, 2026

Cameroon: Leading Opposition Elects First Female President

October 18, 2026

Nigeria: Reactions As WTO Chief Links Mother’s Abduction To $2.4bn Subsidy Probe

October 18, 2026

Nigeria: Corruption Eroding Public Confidence In Our Justice System – Retired Judge

October 18, 2026

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

A Nuclear-Armed North Korea As A Metaphor For The ‘Safe State’

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

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
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.