Two Bombardier Dash 8 Q300 jets formerly used by Topbrass Aviation Services Limited, a local operator, have been allegedly stolen in Lagos.
The jets have been the focus of a legal tussle between the lessor, Seagold Investment Limited, and Topbrass Aviation Services.
Interested parties from the presidency, however, acquired the aircraft contrary to the orders of the Federal High Court in Lagos.
Findings revealed the planes have been removed from their lots at the General Aviation Terminal of the Murtala Muhammed Airport.
However, It was learnt that the two 50-seater airplanes, manufactured in 2004, came into the operations of Seagold in 2005. The company ran the offshore operations of Chevron in Angola, while Topbrass operated for Chevron in Nigeria.
In 2011, both companies, orchestrated by Chevron, signed a finance purchase agreement for the two aircraft, for which Topbrass paid $12 million in a 30-month lease tenure, towards fully acquiring the jets.
The Chairman described the matter as embarrassing, coming at a time countries like Ghana were forging ahead. However, he said AON does not need to fight the authorities but should rather insist on the right things.
www.sojworld.com (c) September 17, 2018.
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