Business

$300M Fraud: EFCC Urges Court To Dismiss Aiteo Energy Resources Suit

 By Gbenga Ogunbufunmi   A Federal High Court sitting in Lagos today adjourned till September 27, 2018 judgement in the  Fundamental Rights suit filed by a limited liability company, Aiteo Energy Resources Limited and three officials of the company against the Economic and Financial Crime Commission(EFCC), over allegation that the company  laundered $300 million for […]


N131.2M Fraud: Court Summons UBA, FCMB to Explain Roles

    A Federal High Court sitting in Lagos, today, ordered United Bank for Africa (UBA)and First City Monument Bank(FCMB), to appear before it to explain their roles in an alleged N131.2 million fraud charge. Justice Hadiza Rabiu-Shagari, gave the order during the trial of four accused persons, who were arraigned before her court by […]


ATSSSAN, NUATE’s Threats: Acts Of Lawlessness, Says Bi-Courtney

  …Says Affected Staff Attained Retirement Age, Others Not Diligent In Their Duties.   Bi-Courtney Aviation Services Limited (BASL), operators of the Murtala Muhammed Airport Terminal Two (MMA2), has described as acts of lawlessness the threats by two of the unions in the aviation sector, the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) […]


NAHCo, Unions Parley Over Planned Sack Of 20 Workers With Health Challenges

    Feelers reaching AbelNews desk says the Nigerian Aviation Handling Company (NAHCo) Aviance is planning to lay off about 20 workers over health challenges. The online platform further gathered they are to be laid off in an exercise called, ‘Staff Optimisation in NAHCo and that the ground handler decided to carry out the exercise […]


House Summons Fmr. Arik Air Chairman, Ecobank MD Over N2Trn CBN Intervention Funds

  For failing to clarify the use of N2 trillion intervention funds given to it by the Central Bank of Nigeria (CBN) the House of Representatives Ad Hoc Committee on Central Bank of Nigeria Wednesday summoned the former Chairman of Arik Air, Mr. Johnson Ikedi Arumeme . Also invited was the Managing Director of Ecobank , […]


Lagos Airport Customs Rakes In N11.6B In Q1 Of 2018

  The Nigeria Customs Service (NCS),at the international wing of the Murtala Muhammed Airport (MMA), Lagos Command has raked in at least N11.6billion in the first quarter of this year. A statement issued by the image maker of the command, Mr. Ephraim Haruna, said that the figure generated represents 74.34 per cent of the projected […]


Transport Sector Requires Huge Financial Investment To Thrive –Kuru, AMCON Boss

  The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has stated that the transport sector requires huge capital investment to make it work optimally for the good of the Nigerian people. He said this while presenting a paper titled,” AMCON’s Intervention in Transport and Allied Sector: Achievements, Challenges and […]


Boeing Signs Global Distribution Agreement For GE Aviation T700 Engines

    Boeing through its subsidiary Aviall today said it signed a multi-year parts distribution agreement with GE Aviation to support the T700 engine. Under this agreement, Aviall will market and distribute components needed to support the maintenance, repair and overhaul of the GE T700 engine models that power civil and international military helicopters for […]


Dubai Deputy Ruler Opens 25th Edition Of Arabian Travel Market

  The Deputy Ruler of Dubai, His Highness Sheikh Maktoum Bin Mohammed bin Rashid Al Maktoum,has officially declared opened Arabian Travel Market (ATM) 2018 This just as the Middle East’s largest travel and tourism event celebrates 25 years of industry milestones and the unveiling of this year’s marks the start of the 25th edition of […]


Court Orders Wema Bank To Pay Us Based Model N10M For Passing-Off

    A Federal High Court has ordered Wema Bank Plc, to pay the sum of N10 million, to a 22 year-old Nigerian Model based in United State of America, Miss Nneoma Anosike, for using her picture to marketing its product, without her knowledge. The court presided over by Justice Ibrahim Buba, also ordered Wema […]