NDLEA arraigns man for attempt to export hard drug to Indonesia

The National Drug Law Enforcement Agency, (NDLEA) has arraigned a 30 year old Nigerian, Nwobodo Victor Friday, before a Federal High Court, Lagos, over an attempt to illegally export 1.580 kilogrammes of Methamphetamine, a ban psychotropic substance to Indonesia. Friday, according to the charge marked FHC/82c/19, was arrested  February 6, 2019 at Gate “C” of the departure Hall of the Murtala Muhammed International Airport, Ikeja, Lagos, during the outward clearance of passengers on Emirates Airlines Flight to Jakarta , Indonesia via Dubai, with the said banned drug. The defendant was…

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AMCON outsourced 6,000 accounts to AMPs worth N740billion – Kuru

Photo Caption Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru (left); Principal Partner, Lexavir Partners, Mr. Francis Chuka Agbu, SAN and Mr. Aliyu Kalgo, AMCON’s Group Head, Enforcements at the AMCON/AMP Interactive Session at Rockview Hotels, Abuja Managing director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, hinted that AMCON may disengage Asset Management Partners (AMPs) that cannot cope with the speed and enormous challenges of debt recovery expected by the corporation. He also promised that the corporation may assign more accounts to AMPs…

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N10m fraud: First Bank, 3 others trial begins May 13

The trial of First Bank Plc, its trade and relationship manager, Mazamaza branch, Innocent Chidozie Amadi and two others, over alleged N10, 015, 172, million fraud, before a Federal High Court, Lagos, is to begin on May 13. Two others to face trial alongside First Bank Plc and its manager are: Chukwuma Nnadiekwe and his company, Nilorch Global Services Limited. The customer allegedly defrauded by First bank and others is one Mrs. Ogochukwu Nkiruka Ezeakunne. The Special  Fraud Unit (SFU), of the Nigeria Police Force, Ikoyi-Lagos, had on February 17, arraigned First…

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Alleged fraud: We didn’t invite Akingbola for interrogation -EFCC

The prosecution witness in the ongoing trial of former chief executive officer of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola, today told Justice Mojisola Olatoregun of the Federal High Court, Lagos that he did not extend any invitation to the former bank boss in the course of his investigation into the bank’s records and transactions. The EFCC witness, Mr Abdulrahaman Jimoh who was the Chief Investigator of the bank while being cross-examined by Chief Wole Olanipekun ,SAN, counsel to Akingbola, also told the court that he neither an accountant…

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NANTA laments absence of local laws to protect indigenous travel agencies

The President of the National Association of Nigerian Travel Agencies (NANTA), Mr.  Bankole Bernard has lamented the absence of local laws to protect the indigenous travel agencies. Speaking at the March 2019 Quaterly Breakfast Meeting of the Aviation Round Table (ART) in Lagos on Thursday, Bernard who was the guest speaker at the event noted that there is no local content law to protect and reserve the  downstream sector for citizens of the country. He stated that there should be a way of tracking sales of tickets in the country…

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Dana Air increases frequency to Abuja

Dana Air has introduced more flights options from Lagos to Abuja and Abuja to Lagos with low fares. According to a statement by the airline’s media and communications manager, Kingsley Ezenwa, starting 18th March 2019, the airline will operate additional flights from Lagos to Abuja at 6.48am, 10.08am, 12.15pm, 13.44pm, and 5.10pm while flights from Abuja to Lagos will be at 8.28am, 10.35am, 12.06pm, 15.30pm and 18.50pm. ‘’We are pleased to announce that we have introduced additional flights on our Lagos- Abuja –Lagos routes to provide more options, comfort and…

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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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