EFCC Arik Case: Witness Hints At RM Nominee’s Role In NG Eagle Share Structure

EFCC Arik Case: Witness Hints At RM Nominee’s Role In NG Eagle Share Structure

The fourth prosecution witness in the ongoing trial of former AMCON Managing Director, Ahmed Kuru, on Monday continued to give the Special Offences Court in Ikeja, Lagos, ‘fresh insight’ into how the structure and equity of NG Eagle Airlines was set up. In his testimony, the Economic and Financial Crimes Commission (EFCC) Investigative Officer, Bawa Usman Kaltungo testified that this arrangement entails the Receiver Manager’s nominee having a shareholding arrangement of NG Eagle of “one…

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NCAA says NG Eagle breached no AOC rules, to ground airlines over N46b debt

NCAA says NG Eagle breached no AOC rules, to ground airlines over N46b debt

It’s operation no pay no service-Najomo Sets up debt recovery task force      The Acting Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Chris Najomo has put to rest insinuations that a new entrant, NG Eagle got its Air Operator Certificate (AOC) through the back door, stressing that the airline met all the requirements for the all-important licence. Explaining how the carrier got its AOC, Najomo stated that it went through the five…

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