Court sentences FCMB official to 4 years imprisonment for stealing customer’s N2m

A Federal High Court, Yenagoa, Bayelsa State has convicted and sentenced to four years imprisonment, Mr. Felix Diets, an official of First City Monument Bank (FCMB) for stealing N2 million belonging to the customers of the bank. Justice Jane Inyang, convicted and sentenced Felix to the jail term, after finding him guilty of the charges brought against him by the prosecution. Felix’s sojourn to the prison, it was gathered started on September 2, 2016, when three FCMB’s customers complained that they gave him the sum N6m to deposit in their…

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Delta Air Lines announces 2020 financial results, provides outlook for March 2021 quarter

Delta Air Lines today reported financial results for the December quarter and full year 2020 and provided its outlook for the March quarter 2021. “Our December quarter results capped the toughest year in Delta’s history. I want to thank the Delta people who have risen to the occasion, focusing on delivering results for all of our stakeholders by putting our customers at the center of our recovery,” said Ed Bastian, Delta’s chief executive officer.  “While our challenges continue in 2021, I am optimistic this will be a year of recovery…

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NCAC partners NYSC in uniting Nigeria, bringing sustainable peace

Photo Caption: D.G of NYSC Brigadier General Shuaibu Ibrahim presenting a gift to the D.G NCAC Otunba Runsewe The director-general of the National Council for Arts and Culture (NCAC), Otunba Segun Runsewe has pledged his commitment to partner with the National Youths Service Corps (NYSC) in the task of uniting Nigeria and bringing sustainable peace and social harmony in the country. The NCAC boss made this pledge when he received the director-general of National Youths Service Corps, Brigadier-General, Shuaibu Ibrahim in his office. While unveiling a joint agenda tagged “Partnership…

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Aviation stakeholders confirm participation at AIB/LAAC Conference

Top stakeholders in the Nigeria’s aviation industry have confirmed participation in the conference with the theme, “Preventing Human Factors in Accident Occurrences, which will hold this Friday, January 15, 2021 at the Sheraton Hotels & Suites, Lagos. The conference organized by Accident Investigation Bureau (AIB), Nigeria’s sole accident investigation agency, in partnership with the League of Airport and Aviation Correspondents (LAAC), Nigeria’s aviation media umbrella body saddled with the responsibility of ensuring effective media coverage and practice in the aviation industry, will commence at 09.00hrs with 80 stakeholders in physical…

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Court orders Emirates Airlines to pay $1.6m, N50m for unlawful conversion of passenger’s funds

A Federal High Court Lagos has ordered Emirates Airlines to pay $1.6million and N50millon for unlawful conversion of a passenger’s funds. The businessman, Mr. Orji Prince Chu Ikem, whose hand luggage contained $1, 630 million , was illegally and unlawfully converted by some staff of Emirates Airlines, during a business trip from Lagos to China in 2007. The court also awarded the sum of N50 million against Emirates Airlines, for the untold hardship it subjected the businessman to, as a result of the said illegal and unlawful conversion of the businessman’s…

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We are building capacities in parking, shopping, automation to reduce leakages- FAAN MD

Since his appointment as managing director of the Federal Airports Authority of Nigeria, FAAN, in May 2019, Capt. Rabiu Yadudu has demonstrated rare leadership qualities aimed at repositioning Nigerian airports. In this interview, Capt. Yadudu speaks on the impact of covid 19 to the aviation industry in 2020, what airport users should expect from FAAN in terms of safety, security, efficiencies in 2021, collaboration with other agencies to tackle the more deadly second strain of covid 19, the reconstruction of the old terminal in Lagos, lack of transit facilities at…

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N299.86m Fraud: Trial of OBD Petroleum, others fixed for Jan. 26

The trial of a limited liability company, OBD Petroleum Limited and seven others for allegedly defrauding a new generation bank of the sum of N299.86m could not proceed today due to the absence of the first defendant, Obinna Michael and OBD Petroleum Limited. When the matter came up for hearing today , it was observed , Obinna and OBD Petroleum Limited and their counsel were not in court forcing the prosecutor, Mrs Kehinde Bode- Ayeni to ask that the case be adjourned till further date. Consequently, the trial judge, Justice…

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FG announces preferred bidders for establishment of Aviation Leasing Company, MRO Centre in Nigeria

The Federal Ministry of Aviation has announced the emergence of the preferred bidders for the establishment of an Aviation Leasing Company, ALC and the Maintenance, Repair and Overhaul, MRO Centre in Nigeria. This follows the evaluation of the proposals submitted by bidders in response to the request for proposals for the ALC and the MRO Centre. The consortium of A J Walters Leasing Limited and Glovesly Pro-Project Limited emerged as the preferred bidder to establish the Aviation Leasing Company; while the consortium of A J Walters Aviation Limited, EgyptAir Maintenance…

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300 sacked Access Bank staff protest in Onitsha over illegal dismissal without benefits

No fewer than 300 sacked Access Bank staff of November 2020 batch, in the South East states protested in Onitsha, Anambra State over alleged illegal dismissal without benefits. The protesters who marched through some major roads and final­ly landed at the gate of Basilica of Most Holy Trinity, Onitsha, said they were in the church premises for God to hear their prayers and not man. Some of them carried placards with the inscriptions, “CBN/NLC/ Bankers Committee come to our rescue; Access Bank at it again, sacking staff without lay-off bene­fits;…

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Stanbic IBTC sets up vocational centre for young Inmates

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has donated a vocational centre to one of its host communities. The Finance Department of the organisation recently built a fully equipped vocational centre at the Borstal Training Institute (BTI), Abeokuta, Ogun State, as part of its Corporate Social Investment (CSI) initiative. The BTI is the Nigerian Correctional Service’s juvenile arm, set up to correct, train, reform, rehabilitate, and reintegrate young offenders. The vocational centre built and donated by the Finance Department of Stanbic IBTC at BTI in Abeokuta, is…

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