Controversial Businessman, Mr Jimoh Ibrahim risks the loss of one of his claims to social status- his private jet.
A Court just ordered him to $10m to one of his creditors.
And Mr Ibrahim chances loosing his private jet, if he fails to meet up with the court stressed obligation.
Here is a full report of the development as sourced by naijacelebrities.net
' Just weeks
after initiating moves to upgrade his corporate image, controversial
businessman, Mr Jimoh Ibrahim is back on familiar terrain.
A
court has ordered the money man to pay his creditor over $10m. And legal
experts claim, he risks the forfeiture of his private jet if he does
not meet up with the terms of the judgement.
'Sources confirmed the court made the judgement after refusal to recognise Mr Ibrahim's multiple denials and attempts not to fulfil contractual obligations.
The
decision was handed to the Nigerian with a history of woeful business
performances dogging his trail by a United States of America District
Judge, Katherine Forrest.
The judgement is revealed as the result of a case instituted by international organisation, Aersale, Inc. against Ibrahim.
The
aviation company proved to have a contract with the former guber
aspirant to lease two of it's air crafts- for the operations of Jimoh's
shut down airline, Air Nigeria.
The cost of the arrangement was
put at $8m. The creditor however alleged, the businessman debtor refused
to honour terms of agreement with the collapsed of his Airways
business. This is despite issuing personally guarantee on the leased Air
crafts on behalf of his Airline.
Jimoh Ibrahim had gone as far
as challenging the authenticity of the contract he signed. He attempted
to invalidate it, with claims his passport number used belong to an
expired passport!. Equally attempted to have Air Nigeria named as main
defendant, to avoid the responsibility of issuing personal guarantee for
the transaction- and even claimed his ex employee and the shut down
airline's former managing director, Kinfe Kassanye lured him into
signing a document he doesn't understand.
The court was
unimpressed with the businessman's move- and tagged the case ' a
straight forward issue of breach of contract'. The judge went further
to criticise the controversial man of commerce for attempting to exploit
legal loopholes to dump responsibility as a guarantor in the
transaction.
Ibrahim was ordered to pay the $8m owed his creditor, interests on the lease arrangement as well all legal fees.
Mr
Jimoh Ibrahim's Air Nigeria collapsed over financial and technical
crises that forced the Nigeria Civil Aviation Authority revoke
operational certificate issued to it.
The businessman is alleged
to owe many service maintenance providers and lessors huge sums during
the airline's operations- and after.
A management staffer, John
Nnorom had provided the world with details of Ibrahim's alleged all
about profit business crippling attitude that put the Airline on the
edge.
...additional information societynowng.com and saharareporters.com
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