Company links to Patience Jonathan urges Court to lift forfeiture orders on N1.04bn

A limited liability company, Magel Resort Limited, linked to the former first lady, Dame Patience Jonathan, which its N1.04 billion which was temporary forfeited to the federal Government of Nigeria, has urged the court to release its money  It would be recalled that a Federal High Court, sitting in Kano, presided over by Justice A. Lewis-Allagoa, recently ordered that the said sum  be forfeited in the interim to the federal government of Nigeria, while granting an exparte motion filed before the court by the Economic and financial Crimes Commission (EFCC) In…

Read More

Global passenger traffic results for 2018 rises by 6.5%

The International Air Transport Association (IATA) has announced global passenger traffic results for 2018 showing that demand (revenue passenger kilometers or RPKs) rose by a healthy 6.5 percent compared to full-year 2017. Although this represented a slowdown compared to the 2017 annual growth of 8.0percent, it was another year of above-trend growth. Full year 2018 capacity climbed 6.1percent, and load factor edged up 0.3 percentage point to a record 81.9percent , exceeding the previous high set in 2017.  December RPKs rose 5.3 percent against the same month in 2017, the…

Read More