Nigerian Govt to Buy Foreclosed Aircraft From German Bank

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The identified aircraft is said to be a repossessed one recovered from a troubled oil sheikh who used the aeroplane as collateral for a loan he obtained from an unidentified German bank to buy it.

can report that barring any change in plans, the Nigerian government will purchase an Airbus A330 aircraft seized from an unnamed Arab prince and businessman who could not pay hundreds of millions of dollars he owed a German bank.

The aircraft is now in the possession of L & L International LLC, an American aviation firm based in Miami, Florida. L & L International LLC is trying to help the German bank sell it to the Nigerian government. According to the source, the company identified the aircraft and recommended that the Nigerian government purchase it, citing its affordable cost and reliability. The company is now coordinating the purchase by liaising with L & L International and Nigeria's presidential air fleet officials.

In a June 4 report forwarded to the presidency after an investigative hearing, the House Committee on National Security and Intelligence asked the federal government to immediately procure two aeroplanes for Messrs Tinubu and Shettima to secure the transportation of the country's top officials. "We are all aware of the air mishaps in Iran and Malawi recently, which claimed the lives of the president and vice president of those countries, respectively. We commiserate with the people and governments of those countries. But we must also, as a people, do whatever is necessary to lower the possibility of such disasters in our country.There was a problem processing your submission. Please try again later.

 

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