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FG suspends Arik Air operations, airline mgt kicks

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FG suspends Arik Air operations, airline mgt kicks

The federal government has issued an immediate directive to suspend all Arik Air aircraft operations, as announced by Festus Keyamo, the Minister of Aviation and Aerospace Development, on Tuesday.

The minister did not specify the reasons behind this decision.

Roy Ilegbodu, CEO of Arik Air (in receivership), expressed his dismay over the sudden order, highlighting that it was made without any prior warning or consultation. He emphasized that this directive would have significant repercussions on the airline, its passengers, employees, and the broader Nigerian economy.

“The management of Arik Air (In Receivership) is dismayed by the sudden order issued by the honourable minister of aviation to ground our aircraft,” Ilegbodu stated. “This decision, made without warning or consultation, has serious repercussions for our valued passengers, dedicated employees, and the broader Nigerian economy.”

He pointed out that the grounding of Arik’s fleet would disrupt critical domestic routes, leaving passengers stranded and increasing travel costs. Ilegbodu stressed that Arik Air has always prioritized connecting people and facilitating commerce.

In February 2017, the federal government took over Arik Air via the Asset Management Corporation of Nigeria (AMCON) due to the airline’s substantial debt, estimated at over N300 billion. Following the takeover, the government dissolved Arik’s management team and appointed a receiver manager.

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Ilegbodu also commented that the minister’s decision undermines ongoing judicial processes. He referred to a judgment made on February 26, 2016, in favor of Atlas Petroleum International Limited and Engineer Arthur Eze, and mentioned an ongoing case in the federal high court where AMCON is asserting its secured interest in Arik’s assets. Despite a writ of attachment issued on July 18, 2024, the High Court of the FCT instructed all parties to maintain the status quo on July 25, 2024.

“We therefore are perplexed as to the grounding of our fleet, which is an overreach of the ongoing judicial processes and directives of the court,” Ilegbodu added. “We believe this action undermines the rule of law and sets a dangerous precedent, prioritizing unsecured private interests over the public good and the rights of secured creditors.”

Arik Air’s management has expressed commitment to following the legal process and confidence in the judiciary to resolve the issues fairly. They have urged the authorities to reconsider the decision, lift the grounding order, and allow the airline to continue serving the public and supporting the economy.

“We stand with our passengers and employees during this challenging time and are working tirelessly to resolve this situation. Your support and understanding are greatly appreciated,” Ilegbodu said, also expressing regret for any inconvenience caused to passengers.

FG suspends Arik Air operations, airline mgt kicks

(TheCable)

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Wike to Governors: Account for Subsidy Funds, Stop Hiding Behind NGF

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Wike to Governors: Account for Subsidy Funds, Stop Hiding Behind NGFWike to Governors: Account for Subsidy Funds, Stop Hiding Behind NGF
Federal Capital Territory (FCT) Minister, Nyesom Wike

Wike to Governors: Account for Subsidy Funds, Stop Hiding Behind NGF

FCT Minister Nyesom Wike challenges state governors to account individually for increased allocations from petrol subsidy removal, insists President Tinubu has no power to dictate sub-national spending, and takes aim at opposition figures Atiku Abubakar and Peter Obi over their policy positions.

The Minister of the Federal Capital Territory (FCT)Nyesom Wike, has issued a direct challenge to state governors across Nigeria, demanding that they publicly account for how they have spent the additional revenues received following the removal of the petrol subsidy. Speaking during a media chat with journalists in Port Harcourt, Rivers State, on Wednesday, Wike said each state government, rather than the Nigeria Governors’ Forum (NGF), should explain to its citizens how the increased funds had been used. He argued that the additional allocations to the three tiers of government had given states greater capacity to fund projects, pay salaries and pensions, and improve public services. According to him, the NGF, as an association, could not replace individual governors’ responsibility to account to their citizens.

“What you call the Nigerian Governors’ Forum is an association. I’m a governor of State A, I should be able to defend my State A,” Wike said. He added that governors were elected by the people of their respective states and should therefore answer directly to them. “Rivers State Government is accountable to the citizens of Rivers State. Anambra State Government is accountable because they have been elected by citizens of those states, not by the entire Federation of Nigeria,” he stated. Wike said governors should be able to point to projects and programmes financed with the additional revenue generated after the subsidy removal. “If Governor Diri says, ‘Look, challenge me. The money that came, see what I’ve done for Bayelsa State,’ fine,” he said, referring to Bayelsa State Governor Douye Diri.

Wike defended President Bola Tinubu’s decision to remove the petrol subsidy, saying it had increased revenues available to the federal, state and local governments. According to him, the impact of the policy should be assessed by what governments had achieved with the additional resources. “Today, the states are saying, unlike before, we can’t pay salaries, we can’t pay pensions, strikes all over the places. Are there strikes again now? They can tell you, no,” he said. He maintained that governments at all levels must remain accountable for how the additional funds were spent.

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Wike also responded to comments by the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, on the management of funds from subsidy removal. According to Wike, Obi should have directed his questions to state and local governments rather than the federal government. “All he should have asked is, ‘Having removed the subsidy, what do you do with the gains?’ This is what I think a reasonable person should talk about,” Wike said. The FCT minister emphasised that President Tinubu has no constitutional authority to dictate how states and local governments spend their allocations. “Now, the government has said the gains have been shared among sub-nationals. Tinubu has no power to say, ‘State, this is what you should do with the funds that you’ve brought in from the fuel subsidy.’ He has no power to tell local governments what to do with their money. All tiers of government are independent,” Wike explained.

Wike also criticised politicians who, he said, changed their positions on major policy issues to suit political interests. “One thing you must take me on is that I am a consistent politician,” he said. He questioned politicians who had previously supported subsidy removal but later promised to restore it during election campaigns. “If a candidate says yesterday, at the moment you have your vote for me, I’m going to remove subsidy; today the candidate says, ‘No, vote for me, I’m going to bring back subsidy,’ I mean, what kind of candidate is that?” he asked. He said political candidates should clearly explain their policy positions rather than make campaign promises aimed solely at attracting votes.

Wike specifically targeted former Vice President and African Democratic Congress (ADC) presidential candidate Atiku Abubakar, who recently pledged to restore the subsidy if elected in 2027. Wike recalled that Atiku had, in 2022, advocated the removal of fuel subsidy, describing it as fraudulent. “Now, in 2026, he is not going to remove the fuel subsidy. Is he going back to the fraud, which he had alleged that fuel subsidy was?” Wike asked. He described Atiku as a “voodoo economist” who, in his view, says whatever he believes will appeal to voters. “Atiku, who is confused, who acts like a voodoo economist, Atiku will say anything just to be president,” Wike said. He argued that consistency was essential for anyone seeking to lead the country, accusing Atiku of changing his position depending on the political circumstances.

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The FCT minister also questioned how a future government would operate a petrol subsidy under Nigeria’s current petroleum industry structure. He pointed to the commercialisation of the Nigerian National Petroleum Company Limited and the emergence of private refineries, particularly the Dangote Refinery. According to Wike, NNPCL is no longer the sole importer or producer of petroleum products, making the traditional subsidy arrangement more complicated. “He is living in the past. If not, he will know that with the Petroleum Industry Act, NNPC is now fully commercialised. It has transformed the old NNPC into a limited liability company (NNPC Limited), and no longer the sole importer or producer of fuel,” he said. Wike asked whether a government led by Atiku would subsidise petrol produced by private refiners. “Will Atiku, as President (which he never be) pay subsidy on fuel produced by Dangote Refinery?” he asked. He argued that restoring fuel subsidies would reverse the market-oriented reforms introduced under the Petroleum Industry Act and could discourage investment in the petroleum sector.

The subsidy debate has resurfaced ahead of the 2027 general elections, with major opposition figures taking different positions on the policy. Atiku Abubakar said in an August 25 post on X that he remained committed to restoring the subsidy if elected. “On the question of subsidy, my position has not changed and will not change: I will restore it! A nation as blessed as ours has no business abandoning its citizens to hardship. Nigeria is rich enough to look after her own,” Atiku wrote. Peter Obi, however, has maintained his support for the removal of the subsidy, arguing that alleged mismanagement of its proceeds should not be used as justification for returning to the subsidy regime. Speaking during a panel session at the Nigerian Bar Association Annual General Conference in Port Harcourt on August 25, Obi said the removal was necessary but should have been accompanied by a clear and organised plan for deploying the resources recovered from the policy.

President Tinubu announced the end of the petrol subsidy during his inauguration on 29 May 2023, declaring “Fuel subsidy is gone.” The policy has remained one of the defining economic decisions of his administration. Tinubu has repeatedly urged state governments to ensure the increased allocations translate into tangible development. On 30 July, while receiving a delegation of traditional rulers from Oyo State, the President said states were now receiving four to five times what they previously received from the Federation Account. “The cost of operation is high. But the money that I’m pushing to the states, if you had it during your own time, or during my time, it would have been different. They are taking four to five times their money. Nobody is borrowing money to pay salaries now. Pensioners are receiving their pay,” Tinubu said.

Responding to concerns that infrastructure development in Abuja had not translated into better living conditions, Wike disagreed with the view that housing alone should be used to measure residents’ quality of life. He said investments in roads, public transportation and other public infrastructure had improved access and mobility across the Federal Capital Territory. “Why do we have to only think until everybody gets houses? That’s only when the quality of life has changed. That is wrong,” he said. Wike argued that improvements in transport, road infrastructure and other public services should also be considered indicators of better living standards.

In a related development, the Socio-Economic Rights and Accountability Project (SERAP) has called on Nigeria’s 36 state governors and the FCT Minister to publicly account for an estimated ₦14 trillion in fuel subsidy savings reportedly received through the Federation Account Allocation Committee (FAAC) since mid-2023. In separate Freedom of Information requests, the organisation urged the governors and the FCT minister to disclose full details of how the funds have been spent, including locations of projects executed, implementation status, and completion reports. SERAP’s request follows rising concerns that despite massive increases in state allocations since the removal of fuel subsidy, millions of Nigerians are yet to see improvements in public services such as healthcare, education, and social welfare. “There is a legitimate public interest for governors and the FCT minister to urgently explain how they have spent the money they have so far collected from the subsidy savings,” SERAP said in the letter. The organisation has given the governors and the FCT minister seven days to comply, warning of legal action if they fail to respond.

On his reported reconciliation with political associates, the minister said the disagreements had been resolved but declined to discuss the details. “Personal, political, everything settled,” he said. He added that he had invited the concerned political associate for talks but would not disclose what was discussed.

Wike to Governors: Account for Subsidy Funds, Stop Hiding Behind NGF

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Ogogo’s N25m Surfaces After Death, Ilaro Chief Imam Returns Actor’s Money

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Ogogo’s N25m Surfaces After Death, Ilaro Chief Imam Returns Actor’s Money
Taiwo Hassan, popularly known as Ogogo

Ogogo’s N25m Surfaces After Death, Ilaro Chief Imam Returns Actor’s Money

Family confirms receipt of cash kept by late actor for house project

The death of veteran Yoruba actor, Taiwo Hassan, popularly known as Ogogo, has brought to light a startling financial revelation, with his family confirming the recovery of N25 million the late thespian had entrusted to the Chief Imam of his hometown, Ilaro, Ogun State.

The money, kept with Sheikh Muhammad Tajudeen Mustapha Adewunmi, was reportedly given to the cleric by Ogogo with a specific instruction — to ensure that the funds were used to complete a family house the actor was building in Ilaro.

The revelation came during the eighth-day Fidau prayer held in honour of the deceased, where the cleric and members of Ogogo’s family reportedly confirmed the return of the N25 million.

The development has triggered widespread commendation for Sheikh Adewunmi, with many hailing the cleric for resisting the temptation that could have accompanied being in possession of such a substantial amount belonging to a deceased person.

Rather than keeping the money or allowing uncertainty to surround its whereabouts, the cleric reportedly returned the funds to Ogogo’s family, reinforcing the confidence reposed in him by the late actor.

The Chief Imam had earlier disclosed that Ogogo entrusted the money to him while he was alive and directed him to assist with the completion of the family property in Ilaro.

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The disclosure, as reported by BBC Yoruba, has also opened another window into the private life of the late actor, particularly his financial strength and his enduring affection for his hometown.

While Ogogo was best known to the public for his decades-long career in the Yoruba movie industry, the N25 million revelation suggests that he had also made substantial financial plans for his family and maintained a deep emotional and material connection with Ilaro.

For many of his admirers, the house project was more than a mere investment. It was seen as another testament to the actor’s attachment to his roots and his desire to leave something lasting behind for his family in the town.

The return of the money has consequently become one of the striking stories emerging from the mourning period, shifting attention briefly from Ogogo’s celebrated career to the legacy, trust and values he left behind.

The incident has equally placed Sheikh Adewunmi in the spotlight, with Nigerians and members of the Ilaro community commending what they described as an uncommon demonstration of integrity at a time when disputes over the assets of deceased persons are not uncommon.

Ogogo’s passing had earlier sent shock waves through the Yoruba film industry, with colleagues, friends, fans and admirers mourning the loss of one of its familiar faces.

But amid the grief, the recovery of the N25 million has provided the actor’s family with not only financial relief but also another remarkable chapter in the story of a man whose connection to Ilaro, according to those close to him, remained strong until his death.

Ogogo’s N25m Surfaces After Death, Ilaro Chief Imam Returns Actor’s Money

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NANS rejects Atiku’s fuel subsidy plan, demands accountability for savings

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NANS rejects Atiku’s fuel subsidy plan, demands accountability for savings
NANS National President, Babatunde Akinteye

NANS rejects Atiku’s fuel subsidy plan, demands accountability for savings

The National Association of Nigerian Students (NANS) has rejected calls to restore Nigeria’s fuel subsidy, urging Nigerians, particularly young people, to focus instead on how the money saved from subsidy removal is being utilised.

NANS National President, Babatunde Akinteye, said Nigeria should not return to a system that successive administrations struggled to sustain, arguing that the priority should be ensuring that resources freed by the reform are transparently invested in programmes that improve the lives of Nigerians.

Akinteye made the position known on Tuesday in Akure, Ondo State, while speaking at a youth summit sponsored by the Minister of Interior, Olubunmi Tunji-Ojo. The summit was themed “Unlocking Ondo State Students’ Potentials for Economic Growth.”

The NANS president said Nigeria had operated the fuel subsidy regime for about four decades, but the policy failed to eliminate problems such as fuel scarcity and placed a significant financial burden on government.

He urged Nigerians to demand greater accountability over the resources saved from the removal of the subsidy rather than supporting proposals to restore the previous arrangement.

Akinteye said the focus should be on monitoring the money saved from subsidy removal and ensuring that it is channelled into projects and programmes that benefit Nigerians rather than returning to a system where public resources could be diverted.

He argued that Nigeria should learn from the experience of the subsidy era, when government spent heavily on petrol support while Nigerians still experienced periods of fuel scarcity.

According to him, restoring the subsidy without addressing the structural weaknesses associated with the old system could expose the country to renewed fiscal pressure.

Akinteye also warned against returning to a situation in which governments borrowed to finance recurrent expenditure, including subsidy payments.

He acknowledged that the removal of the subsidy had imposed considerable hardship on Nigerians, particularly through increased petrol prices, transportation costs and living expenses, but argued that reversing the policy was not necessarily the solution.

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Instead, he called for the savings from the reform to be directed towards education, healthcare, infrastructure, agriculture and other productive sectors capable of improving living conditions.

The NANS leader cited interventions such as the Nigerian Education Loan Fund (NELFUND) as examples of programmes that could provide meaningful support to young Nigerians when properly funded and managed.

He further urged political aspirants ahead of the 2027 presidential election to present clear and sustainable economic policies rather than making promises that offer immediate relief without explaining how such programmes would be financed.

The NANS position comes amid an intensifying political dispute over fuel subsidy restoration involving former Vice President Atiku Abubakar, the African Democratic Congress (ADC) and the ruling All Progressives Congress (APC).

Atiku has proposed a new form of government intervention in the petroleum sector if elected in 2027. His camp has argued that the proposal is different from Nigeria’s former import-subsidy system.

Under the proposed model, government intervention would be targeted, capped, transparently budgeted and independently audited, with the stated objective of reducing energy costs while supporting domestic production and refining.

Atiku’s camp has also clarified that the proposal is not intended to simply recreate the old subsidy structure. His Senior Special Assistant on Public Communication, Phrank Shaibu, said the plan was designed around domestic production and would seek to reduce production and transportation costs while providing relief to consumers.

The clarification followed comments suggesting that an Atiku administration could restore the subsidy before eventually removing it. His camp rejected that interpretation and maintained that the proposal was not a return to the previous import-subsidy arrangement.

Despite the clarification, the proposal has continued to generate strong political reactions.

The APC has criticised Atiku’s position, arguing that restoring fuel subsidies could reverse the fiscal gains associated with President Bola Tinubu’s economic reforms.

APC National Chairman Nentawe Yilwatda warned that a return to the old subsidy system could put pressure on government finances and affect spending on workers’ wages, education, infrastructure and other public programmes.

The ruling party has also maintained that the previous subsidy arrangement contributed to fiscal distortions and placed an unsustainable burden on government finances.

The ADC, however, has rejected the APC and Federal Government’s position, insisting that Atiku’s proposed petroleum intervention is financially sustainable and fundamentally different from the previous subsidy regime.

The opposition party has also demanded greater transparency over the additional revenue generated since the implementation of the Federal Government’s economic reforms, arguing that Nigerians deserve to know how the funds have been utilised.

Atiku has continued to frame the debate around the rising cost of living, arguing that Nigerians need practical measures to reduce energy and transportation costs.

The former vice president has criticised the Federal Government over the high cost of petrol and the wider economic hardship being experienced by households across the country.

The debate has therefore increasingly shifted from a simple question of whether to restore or remove subsidy to the broader issue of what form of government intervention, if any, can lower energy costs without recreating the weaknesses associated with the previous system.

Other political figures have also called for a different approach.

The New Nigeria People’s Party (NNPP) presidential candidate, Suleiman Dikwa, has urged the Federal Government to move beyond the subsidy argument and concentrate on investments that create jobs, generate foreign exchange and strengthen Nigeria’s productive capacity.

For NANS, however, the priority remains ensuring that the benefits of subsidy removal are translated into tangible improvements for citizens.

Akinteye maintained that Nigerians, particularly students and young people, should scrutinise the economic plans of political aspirants and demand details on how proposed policies would be funded.

He said politicians seeking votes in 2027 should not simply promise cheaper petrol but should explain how their proposed interventions would remain financially sustainable and benefit the wider population.

The fuel subsidy debate is expected to remain a major issue ahead of the 2027 elections, particularly as Nigerians continue to grapple with high transportation costs, food prices and other effects of the wider economic reforms.

While Atiku and his supporters argue that a carefully designed intervention could provide relief without repeating the failures of the past, NANS and the APC maintain that returning to the subsidy system risks recreating the fiscal problems that prompted its removal.

For the students’ body, the immediate challenge is therefore not simply whether subsidy should return, but whether the savings from subsidy removal are being properly accounted for and invested in areas that can deliver lasting economic benefits to Nigerians.

NANS rejects Atiku’s fuel subsidy plan, demands accountability for savings

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