Alleged N179bn fraud: EFCC witness in Akingbola’s trial contradicts self

A witness of the Economic and Financial Crimes Commission (EFCC) in the ongoing trial of Dr. Erastus Akingbola, the Chief Executive Officer of the defunct Intercontinental Bank Plc, Mr Abdulraheem Jimoh, today, contradicted himself before a Federal High Court, Lagos, by saying that he only attended an aborted Masters of Business Administration (MBA) course at the University of Ilorin. The statement which was in contradiction to his earlier evidence before an Ikeja High Court of Lagos State, that he hold an MBA degree from the same university. Jimoh recanted when…

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Desalination market in Africa recovers from global economic downturn

A recent study conducted by Frost & Sullivan found that the desalination market in Africa has recovered from the global economic downturn in 2015-2017, which resulted in low desalination investment across the continent. Frost & Sullivan’s findings revealed that the African desalination market is now stablising and investment in desalination is gaining traction. By 2030, 35 percent of the world will be living in water-stressed countries and although many efforts are being made to diversify water resources. Industry Analyst at Frost & Sullivan, Laura Caetano, believes the African desalination market…

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FAAN inaugurates Committee to boost non-aeronautical revenue sources

The Federal Airports Authority of Nigeria (FAAN) has inaugurated a committee to boost revenue generation for the agency especially the non-aeronautical sources. Engr. Saleh Dunoma, the managing director, FAAN who disclosed this to aviation journalists in an interview on Tuesday at the agency’s headquarters at the Murtala Muhammed Airport (MMA), Lagos said that it is going through some processes that would eventually lead to the approval of its Aviation Security (AVSEC) to bear arms in 2019. Dunoma stressed the need for airport authorities on the continent to diversify their revenue…

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Inconsistency in policy formulation, execution led to death of Nigerian Airways – Capt Ore

. Says sack of 47 pilots in one day one of his saddest moments  The former director of operations, defunct Nigeria Airways,  Capt Dele, has said that inconsistency in policy formulation and execution led to the eventual death of the airline. Speaking in Lagos on Tuesday at the pre-event press briefing of his latest book, ‘The Learned Commander,’ Ore noted that the sack of 47 pilots in one day by the federal government in the defunct national airline was one of his saddest moments in the service. He  explained that…

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