Air Freight demand decreases by 3.4 % in May

.. As African carriers post fastest growth of any region The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 3.4 percent in May 2019, compared to the same period in 2018. This was a slight improvement on the 5.6 percent contraction in April.   In seasonally-adjusted terms, the level of FTKs increased modestly for the third consecutive month, suggesting that the low point of this cycle may be behind us, although the market remains…

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AMCON, ICPC collaborate to recover N5trillion outstanding debt

Photo Caption  L-R: Executive Director, Asset Management Corporation of Nigeria (AMCON), Dr. Eberechukwu Uneze (left); Managing Director/Chief Executive Officer, AMCON, Mr. Ahmed Lawan Kuru in a handshake with the Chairman of Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye; Board Chairman, AMCON Dr. Muiz Banire SAN and Executive Director, Operations, AMCON, Mr. Aminu Ismail, when AMCON visited ICPC in Abuja….on Wednesday     The Chairman of Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye on Wednesday in Abuja disclosed plans by the…

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Property agent docked over Alleged N50m fraud

A property agent, Emmanuel Adeyemi Sodipo, was today, arraigned before a Lagos Chief Magistrate’s Court, Igbosere, on a four count-charge of conspiracy, false presentation and N50 million fraud. The defendant was arraigned before the court presided over by Magistrate A. O. Alogba, by the men of Forces Criminal Intelligence and Investigation Department (Force CIID) Annex, Alagbon-Lagos. Arraigning defendant today, the prosecutor, Barrister Morufu Animashaun, told the court that the defendant and others now at large on February 18, 2016, falsely presented to the compliant of the alleged fraud that they…

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N1.4bn Fraud: EFCC calls first witness against NBA president, Usoro

The Economic and Financial Crimes Commission called its first witness on Wednesday in the money laundering trial of the President of the Nigerian Bar Association, Mr Paul Usoro (SAN). Usoro is being prosecuted before a Federal High Court, Lagos, for allegedly laundering N1.4bn belonging to Akwa Ibom State. The witness, Udom Idongesit, a relations manager at the Aka Road Zenith Bank branch in Uyo, Akwa Ibom State, mounted the witness box on Wednesday after Justice Rilwan Aikawa dismissed an application by the Governor of Akwa Ibom State, Mr Udom Emmanuel,…

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Delta to debut wholly reinvented international main cabin experience

Delta Air Lines customers can expect to be impressed on board Delta’s international routes starting this November when the airline debuts its industry-leading Main Cabin experience. Free “Welcome Aboard” cocktails featuring Bellinis to start, hot towel service and mix-and-match options for premium appetizers and larger entrees are just a few of the ways Delta is differentiating its international Main Cabin service.   “This is about investing in every single customer who chooses Delta, no matter where they sit on the plane. The thoughtful touches we’re investing in throughout the new…

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Alleged seizure of foreign currency by Customs, Revenue Authority at Addis Ababa Airport incorrect, misleading- Ethiopian Airlines

The management of. Ethiopian Airlines has dismissed stories on alleged seizure of foreign currency by Customs and Revenue Authority (ECRA) personnel at Addis Ababa International Airport, describing such reports as incorrect and misleading. The Airline noted in their statement that the report posted on the website of Channels Television, based in Lagos and other Nigerian cities, under the headline ‘Ethiopia Steps Up Seizure Of Foreign Currency From Passengers’ is an incorrect and misleading statement that needs correction. The ‘news’ allegedly claims that passengers transiting Ethiopia with foreign currencies in excess…

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Patience Jonathan’s sister appeals final forfeiture order on $8.4m, N9.2bn

Former First Lady, Patience Jonathan’s younger sister, Esther Oba, have filed a notice of appeal against the judgment of a Federal High Court, Lagos, granting final order of forfeiture of the sum of  $8.4 million and N9.2 billion, which parts belongs to her. The court presided by Justice Mojisola Olatoregun, had on Monday, ordered that the said sums be finally forfeited to the Federal government of Nigeria, for been proceeds of unlawful activities. Justice Olatoregun gave the order while delivering judgment in a suit marked FHC/L/CS/620/2018, instituted before the court…

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Aftermath of Lagos boat mishap: NIWA, ATBOWATON set up safety task force

The National Inland Waterways Authority (NIWA) and the Association of Tourist Boat Operators and Water Transporters of Nigeria (ATBOWATON) has agreed to set up a joint task force to monitor activities of boat operators and other water users, particularly after 7pm on Lagos waterways. The taskforce which would comprise other relevant stakeholders will be inaugurated next week in Lagos after terms of reference is drawn up by a technical committee and also after strategic notification, contact and approval process are considered by the federal government water transportation regulation agency. It…

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Multimillion naira fraud: Court issues Bench Warrant against insurance marketer 

A Federal High Court, Lagos, has ordered the arrest of an Insurance Marketer and a mother of three, Nneka  Rita Chidiebere Okeke, who failed to appear before the court to stand trial over alleged multimillion naira fraud charge made against her by the Police. The court presided over by Justice Oluremi Oguntoyinbo, made the order of arrest of the woman, while granting a motion exparte filed by the Police for her arrest. The Police through its lawyer, Henry Obiazi, Legal Officer, Force CID, Annex, Alagnon Lagos, said the order for the…

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$870,000 fraud: Bizman narrates how ex-PDP Rep candidate, ‘General’ others defrauded him

A Lagos based businessman, Mr Austin Albert Ugochukwu, has told a Federal High Court, Lagos, how a People’s Democratic Party (PDP) House of Representatives candidate for Eti-Osa Federal Constituency of Lagos State, in the last General Election, Anthony Akala Bakare and other members of his group defrauded him of the sum of N240 million, under the pretence of selling dollars to him.  Akala also known as ‘General’, and others have been arraigned before Justice Hadiza Rabiu-Shagari, who is now sitting at another jurisdiction of the court, on charges bordering on…

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