The News Agency of Nigeria, NAN is reporting that The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services, known more as OAS Helicopters in Lagos following a court order. According to NAN, AMCON had on Tuesday sealed the company at Maryland in Lagos, indicating that the company had been taken over by AMCON.
The order on the company’s office reads: “POSSESSION TAKEN TODAY 14/2/17 BY AMCON COURT ORDER ON SUIT NO. FHC/4CS/1139/2016
OAS was among the airlines that received the Federal Government intervention fund during the tenure of President Goodluck Jonathan.
AMCON last week announced the takeover of Arik Air and had in 2016 taken over Aero.
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