AON applaud judiciary for halting sale of Nigerian Air

Date:

August 7, 2024.

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Azonuchechi Chukwu.

The Airline Operators of Nigeria (AON), on Tuesday, lauded the judiciary for upholding justice and nullifying the purported sale of Nigeria Air to Ethiopian Airlines.

The operators said this in a statement signed by its President, Dr Abdulmunaf Sarina, in Lagos.

The News Agency of Nigeria (NAN) reports that Justice Ambrose Lewis-Allagoa of the Federal High had on Monday, declared the sale of Nigeria Air to Ethiopian Airlines, as null and void.

Sarina commended the bold and patriotic declarations and orders made by the court.

“The bold and patriotic declarations and orders made by the court leaves no one in doubt that the entire bidding, approval and so called unveiling processes of the purported national carrier was nothing other than a sham set up to hoodwink Nigerians.

“It was also a surreptitious plan to kill Nigerian indigenous airlines and handover the commonwealth of Nigeria’s huge aviation market with over 85 Bilateral Air Services Agreements around the world to Ethiopian Airlines.

“We, therefore, thank the court for standing tall in the face of untold pressure from very high quarters.

“For exonerating AON and other well-meaning Nigerian indigenous airlines for going to court to protect the interest of Nigeria as well as proving truly to be the only hope of the common man,” he said.

Sarina also applauded President Bola Tinubu’s government through the Aviation Minister, Mr Festus Keyamo SAN, for suspending the Nigeria Air process as earlier planned.

NAN also reports that Justice Lewis-Allagoa declared in the judgment that the action, conduct or decision in the sale of the shares and operations of Nigeria Air were in violation of the Companies and Allied Matters Act 2020.

Lewis-Allagoa also noted that the action was against the Securities and Exchange Commission Nigeria Consolidated Rules & Regulations 2013 (as amended in 2022).

He said the process was against the Nigerian Investment Promotion Commission Act, ICAQ Convention, Civil Aviation Act, Public Procurement Act, Concession Regulatory Commission (Est.) Act 2005, the Federal Competition and Consumer Protection Act.

He added that the action was contrary to the Procurement Processes for Public Private Partnership in the Federal Government under the National Policy on Public Private Partnership.

The court also held that the entire administrative actions and decisions in the sale of the shares of Nigeria Air to Ethiopian Airlines and its pseudo “consortium” was invalid, void and of no effect.

It added that Ethiopian Airlines was incompetent to bid for shares in Nigeria Air and commence business accordingly.

The court further gave an order setting aside the entire bidding/selection process(es) for the “Nigeria Air” project as well as the approval, grant or selection of Ethiopian Airlines by the former Minister of Aviation, Sen. Hadi Sirika, in the process.

The judgment ordered the immediate revocation and cancellation of the Air Transport License issued by the Nigerian Civil Aviation Authority to the Nigeria Air Ltd.

The court had also issued a perpetual injunction restraining the defendants, their agents, servants, officers, privies, and principals from perfecting, continuing and transferring the operations of Nigeria Air to Ethiopian Airlines. (NAN)

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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