Nigeria: How Huge Debts Forced Jimoh Ibrahim to Ground National Airline

Lagos — With 11 aircraft in its fleet, Air Nigeria no doubt was the second largest local airline in Nigeria. But it lacked managerial capability as recent happenings have shown. It has gone under now. Our correspondent takes a bird’s eye view on the many woes of Air Nigeria. Air Nigeria was under Nigeria’s billionaire businessman, Barrister Jimoh Ibrahim. The barrister who is the chairman, NICON Group had before now acquired NICON Airways, the former EAS airline which has long gone under. At a time he said NICON Airways was neither forced out of business by the regulators nor liquidated.