Proposed new entity has nothing to do with rebranding of any airline -AMCON

The Asset Management Corporation of Nigeria (AMCON) has said that its new aviation independent entity has nothing to do with rebranding of any airline, but rather exploring new options. AMCON in a statement signed by Jude Nwauzor, head, Corporate Communications Department explained that it is a public knowledge that it had approached the aviation authorities in the country seeking a licence for an independent entity where all of its aviation assets would be transferred and efficiently managed in a synergetic manner. Nwauzor noted that the development is following its mandate…

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United Airlines announces new Nonstop Service between Lagos, Washington Dulles

United Airlines today announced plans to expand its global route network with a new, non-stop service between Nigeria and the United States. Starting in late Spring 2021, United will become the only airline serving Washington, D.C. non-stop from Lagos, with three weekly flights. The new service marks United’s return to Nigeria which the airline previously served up until 2016. “We are excited to announce our return to Nigeria. This new non-stop service will strengthen our international route network and provide our customers from Nigeria with direct access to the United…

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Charcoal dealer bags 3 years imprisonment for N21m fraud

A businessman, Taiyelolu Ibrahim Akeem, has been convicted and sentenced to three years imprisonment, by a Federal High Court, Lagos, over N21 million fraud.  Taiyelolu was given the jail terms by Justice Nicholas Oweibo, after the prosecution review the facts of the two counts charge of obtaining by false pretence and fraud made against him. The convict had on September 3, pleaded guilty to the two counts charge, when he was first arraigned before the court. In reviewing the facts of the charge, the prosecutor, Daniel Apochi, of the Police…

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UBA losses N1.9bn to hackers in 4 months

United Bank of Africa (UBA) Plc, has publicly declared that it lost huge sum of N1, 911, 928, 957.18 billion to hackers, between the months of March and June 2020. UBA Plc stated that hackers fraudulently transfered the said N1. 911, 928, 957 billion from one of numerous customers’ account to several accounts in other banks. UBA Plc made the declaration in its counter affidavit filed in defence of a fundamental rights enforcement suit filed against it by a businessman, who is currently being detained by the men of Nigeria…

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