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Nigerian Government Seeks Arrest Warrant for Dana Air MD in $786,000 Fraud Case

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The Nigerian government has called for a bench warrant against Hathiramani Ranesh, the Managing Director of Dana Air, following his failure to appear before the Federal High Court in Abuja. The case involves allegations of fraud totaling $786,000 (approximately ₦1.3 billion), with the Nigerian authorities pushing for legal action due to Ranesh’s absence at scheduled court proceedings. This development reflects Nigeria’s increasing focus on holding corporate…

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Aeolus Engine Services Schedules Winding Up Petition Hearing Against Dana Air

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Aeolus Engine Services, an Irish aviation services provider, is set to appear before the Federal High Court of Nigeria on 18 November 2024 for a hearing regarding its Winding Up petition against Dana Air, a Nigerian airline. The petition follows lease arrears accumulated by Dana Air, prompting Aeolus to pursue legal action in an effort…

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United Nigeria Airlines and Cronos Aviation Sign MOU to Build MRO Facility in Nigeria

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United Nigeria Airlines has entered into a Memorandum of Understanding (MOU) with Cronos Aviation, a Canadian aviation services provider, to establish a new Maintenance, Repair, and Overhaul (MRO) facility in Nigeria. This partnership aims to address the growing demand for aircraft maintenance services within Nigeria and the surrounding region, reducing reliance on foreign MRO facilities…