National Carrier: Please Ignore AMCON

By Chris Aligbe This piece has become necessary following the recent proposal by the CEO of the Asset Management Corporation of Nigeria (AMCON) to the National Assembly that the Minister of Aviation should merge Arik and Aero and use them to float a National Carrier rather than starting a brand new one, which has been on the works for the last four years. This suggestion made by Ahmed Kuru during his budget defence has, as expected, elicited a flurry of comments and interventions by well-meaning industry analysts and stakeholders; with…

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Money laundering: Internet celebrity, Morpha gets N100m bail

A Federal High Court, Lagos, today, granted bail to the Internet Celebrity, Ismail Mustapha, popularly called Morpha, who was arraigned before the court for allegedly laundering the sum of N33 billion, in the sum of N100 million with one surety. The surety according to the presiding judge, Justice Mohammed Liman, must have a landed property with the Court’s jurisdiction, which its tittle documents must be verified by relevant Lands authority, while the surety is to be verified by the Court’s Deputy Chief Registrar (DCR). Justice Liman also ordered Morpha to…

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Air Peace boss US Indictment – When good reputation is a defence

With news of US authorities indicting Nigerian businessman, Allen Onyema hitting the media last week, people reacted spontaneously. Each person was quick to take sides, for or against, but as they say, after the rain comes the sunshine! For Onyema and those rallying round him, it was a case of when it rains, it pours. However, professionals, eminent personalities, sociocultural groups, human rights activists are now the voices left, dissecting the issues, devoid of emotions. And the central theme, irrespective of leaning, is that an allegation is not and cannot…

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