Nigerian High Court Allows Foreign Firm To Repossess, Export Arik Air’s Aircraft
The decision, made by Justice Alexander Oluseyi Owoeye on November 27, 2024, is the first of its kind since Nigeria signed the Cape Town Convention. The EDC, as a creditor, had been exercising its contractual rights through the sale of the aircraft by JEM Leasing Limited. According to ch-aviation, the court’s ruling was seen as…