FG To Ground 60 Private Jets Belonging To Debtor Billionaires

Debtor Nigerian billionaires may be left stranded as the Federal Government, through the Nigerian Customs Service, has perfected plans to ground 60 private jets on Monday (today) over unpaid import duty running into several billions of naira.

The Punch reports that the NCS and the Nigerian Airspace Management Agency agreed to ground the planes starting October 14th, 2024.

Reports have it there is a trend of Nigerian VIPS not paying duties with the NCS seeking to recover unpaid import duties running into several billions of naira. Private jets belonging to some top business moguls, including chairmen and top executives of some banks would be stopped from flying, the newspaper further reports.

However, top private jet owners, who will be affected by the decision, have been officially notified by the NCS.

According to the documents viewed by the paper, the majority of the affected planes are foreign-registered private jets owned by Nigerians.

Some of the luxury aircraft on the list are: Bombardier Challenger 604 CL-600-2B16, Bombardier Challenger 3500, Bombardier BD-700 Global 6000, Bombardier BD-700 Global 6500, Bombardier BD-700 Global 7500. Each of the Bombardier BD-700 Global 7500 are estimated to cost over$70m, while the Global 6500 and 6000 version cost over $50m.

While 11 private jet owners have received notification of the grounding of their aircraft, The PUNCH gathered that no fewer than 55 other operators would get their letters on Monday (today).

This came as it was gathered that some top private jet operators had lobbied the Presidency ahead of the Monday grounding exercise but our correspondent learnt that the Presidency refused to interfere in the process.

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