BossuTv Logo
trending_flat
NCAA Suspends Debt Enforcement Against Domestic Airlines

The Nigeria Civil Aviation Authority (NCAA) has temporarily suspended enforcement of its "No Pay, No Service" directive against domestic airline operators with outstanding debts. The decision follows the NCAA's earlier move on May 24, 2026, when it placed 11 domestic airline operators on a "no-pay-no-service" list amid a debt burden crisis. The suspended airlines include Air Peace, Ibom Air, Arik Air, Caverton Helicopters, and others who owed the regulator significant amounts. The NCAA had demanded payment of outstanding regulatory fees and charges before allowing these carriers to continue operations. However, the authority has now granted the airlines temporary reprieve to allow them time to restructure their debt payments. The regulator offered a 30 per cent discount on outstanding debts owed by domestic airlines as part of efforts to encourage payment and ease the financial burden on carriers. This move comes […]

trending_flat
EFCC witness: How ex AMCON boss used Arik funds for Umza insurance

An Ikeja Special Offences Court has heard fresh details of how former Asset Management Corporation of Nigeria managing director Ahmed Lawan Kuru allegedly diverted funds belonging to Arik Air while serving as the airline’s receiver manager.​ Testifying for the Economic and Financial Crimes Commission, Assistant Director Bawal Usman Kaltungo said investigators discovered that Arik Air’s money was used to pay insurance liabilities for Umza Aviation Services Limited, also known as Umza Airline. He told Justice Mojisola Dada that Umza later began repaying the funds, but the repayment was not completed by the time the probe was conducted.​ Kuru is standing trial alongside another receiver manager of Arik Air, Kamilu Alaba Omokide, the airline’s managing director Captain Roy Ilegbodu, Union Bank Plc and Super Bravo Limited over alleged fraud involving 76 billion naira and 31.5 million dollars. The defendants face charges […]

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation