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A High Court of the Federal Capital Territory, FCT, on Wednesday fixed August 5, for a hearing in a suit seeking to stop the seizure of the aircraft and other properties belonging to Arik Air Limited over $2.5 million indebtedness. The Asset Management Corporation of Nigeria, AMCON, brought the motion on notice to the High Court sequel to Monday’s seizure of some Arik aircraft and other assets by Atlas Petroleum International Ltd and its sponsor. AMCON is seeking to stop the continued seizure of the Arik Airlines properties on the grounds that the airline was already under another receivership…

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