Aersale in court over Air Nigeria debt

Nigerian businessman Jimoh Ibrahim, Chairman of the Energy Group, which owns the defunct Air Nigeria Development, is being sued in a New York District Court by creditor Aersale which is claiming over $7,685,837.55 plus interest, costs, and attorneys’ fees. Court documents reveal that Ibrahim, which is the sole or majority owner of Air Nigeria, entered into an agreement with the Aersale as the guarantor to lease two Boeing 737-300 aircraft for the airline. However Aersale claims that Air Nigeria breached the lease agreements by failing to make the basic and additional payments and failing to return the aircraft in the