AMCON Takes Over OAS Helicopters

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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. It was the third aviation firm to be taken over by the bad bank in four months.

The News Agency of Nigeria (NAN) gathered that 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

NAN could not authoritatively confirm if the company is indebted to some banks that could have warranted such take over.

However, the company was among the airlines that received the Federal Government intervention fund during the tenure of President Goodluck Jonathan.

A source at the premises told NAN that the notice by AMCON said it all that the company had been taken over following a court order.

OAS is one of the leading helicopter chatter service companies in the country

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