• About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 8, 2025
  • Login
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Business

Private jet owners drag FG to court over N30bn tax

Our Reporters by Our Reporters
November 30, 2022
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Owners of foreign-registered private jets, comprising top business moguls, leading commercial banks and other rich Nigerians, have dragged the Federal Government to court seeking to prevent the government from grounding their planes for allegedly refusing to pay import duty on the jets.

The Federal Government had last November approved the decision of the Nigeria Customs Service to ground 91 private jets belonging to some wealthy Nigerians over their alleged refusal to pay import duties running to over N30bn.

As such, following a presidential approval, the NCS in a letter directed the Nigerian Civil Aviation Authority, the Federal Airports Authority of Nigeria, and the Nigerian Airspace Management Agency to ground the affected private jets with immediate effect.

But owing to issues bothering on inter-agency rivalry and disagreements, the relevant government agencies could not ground the private jets.

However, in the past few months, the Customs has been making underground moves to perfect the process of grounding private jets whose owners failed to pay the import duty, multiple sources close to the development confirmed to The PUNCH on Tuesday.

17 jet owners

Also,  further findings by our correspondents over the weekend revealed that at least 17 private jet owners had gone to court to stop the Federal Government from implementing the order.

According to the court papers, the jet owners are seeking a judicial review as to whether it is lawful for them to pay the controversial import duty on their private jets or not.

The jet owners had sued the government using the foreign shell companies and trustees through which the foreign-registered jets were purchased.

Oftentimes, Nigerians and corporate bodies buy their foreign-registered private jets through foreign shell companies and trustees.  Experts believe they often prefer to register the jets in foreign countries like the United States, United Kingdom, and Isle of Man, among others, to preserve the value of the aircraft in the event they want to sell it, as well as pay cheaper insurance premiums.

The latest findings showed that the jet owners had approached the Federal High Court Abuja seeking the court to determine, among other things, if they were liable to pay import duty.

The suit, with number FHC/ABJ/CS/1565/2021, is described as the matter of an application for judicial review by foreign registered aircraft against the Nigeria Customs Service and Nigeria Civil Aviation Authority.

According to the court document, the 17 applicants, which are mostly foreign companies of the Nigerian jet owners are: Aircraft Trust and Financing Corp Trustee, UAML Corp, Bank of Utah Trustee, Masterjet AVIACAO Executive SA, and Cloud Services Limited.

Others are MHS Aviation GmbH, Murano Trust Company Limited, Panther Jets, SAIB LLC, Empire Aviation Group, and Osa Aviation Limited.

The list also includes BUA Delaware Inc, Flying Bull Corporation Limited, Air Charter Inc, Sparfell Luftahrt GmbH, WAT Aviation Limited, and ATT Aviation Limited.

Previous Post

All borrowing must be for production, as Obi expounds  “Consumption to Production” mantra 

Next Post

President of Central Banks of Africa, CBN others to grace 2nd Cashless Africa Conference in Abuja

Next Post

President of Central Banks of Africa, CBN others to grace 2nd Cashless Africa Conference in Abuja

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
Killings: You have failed in your primary responsibility – Catholic Bishops accuse FG, Benue Govt
Cover

Killings: You have failed in your primary responsibility – Catholic Bishops accuse FG, Benue Govt

by Eze Chidozie
June 7, 2025
0

Due to the rampant killings in Benue State and other parts of the country, the Catholic Bishops’ Conference of Nigeria...

Read moreDetails
Fight to finish as Sanusi, Bayero hold parallel Eid prayers

Fight to finish as Sanusi, Bayero hold parallel Eid prayers

June 7, 2025
We’re under siege, terrorism eating up Benue, Gov Alia cries out

We’re under siege, terrorism eating up Benue, Gov Alia cries out

June 7, 2025
NAF airstrike hits ISWAP enclave in Tumbuma Baba, Lake Chad axis, neutrialise scores of terrorists

NAF airstrikes foil terrorists’ plot ahead of Eid celebrations in Borno State

June 7, 2025
Tinubu mourns highlife and Igbo folklore music icon, Gentleman Mike Ejeagha

Tinubu mourns highlife and Igbo folklore music icon, Gentleman Mike Ejeagha

June 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng