y1WlEjNAYV3-K1WpS3N1_iK3Azo TaJuLa's Blog: Former Governor Of Borno State Acquires $72Million Gulfstream.

Tuesday, 5 November 2013

Former Governor Of Borno State Acquires $72Million Gulfstream.

Ali Modu Sheriff.
The Former Borno State Governor, Senator Ali Modu Sheriff, has acquired a new Gulfstream jet G650 model worth about $72m (N11.5bn). SAS – as he is popularly called is the Governor of the North east state blamed for the Boko Haram menace. The latest acquisition brings to four planes in his fleet. The former Governor hides in Atlanta Georgia, USA, because his Boko Haram boys want his head. SAS is also wanted by the Borno Civilian JTF who recently burned his partner, Mala Othman’s house and got him arrested.
the aircraft, which was registered in Dubai with special specifications, is the fourth in his fleet, as the former governor already has three old Dornier aircraft which he acquired from Aero Contractors at an estimated $3 million (N480 million).
A source said the Gulfstream was acquired for Sheriff’s personal use. By registering the aircraft overseas, Sheriff had denied Nigeria taxes and import duty on the aircraft. He added that no Nigerian pilot or engineer would be employed to operate or work on the aircraft because with the foreign registration, only pilots and engineers licensed in the United Arab Emirates would be authorised to operate and service the aircraft. “By registering the aircraft overseas, he has avoided tax and import duty, which he should pay to a country where he is a citizen and from which he made the money which he now spends on a foreign crew,” he said. The source also explained that Sheriff would also be paying overseas facility managers for the maintenance of the aircraft and would also pay charges to the company under which the aircraft was registered overseas. The main price of the aircraft is $65 million but other charges could have raised it to $72 million and according to US-based Forbes magazine, the Gulfstream G650 has an order book of 200 customers throughout the world.

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