FG suspends Arik Air operations, airline mgt kicks – Newstrends
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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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School teachers begin indefinite strike in Abuja

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School teachers begin indefinite strike in Abuja

Teachers in government-owned schools across the Federal Capital Territory (FCT) have started an indefinite strike. This action follows the expiration of a 14-day ultimatum issued by the Nigeria Union of Teachers (NUT), FCT Chapter, to the six area councils in the territory.

On Wednesday, pupils who arrived at school were sent home by their teachers upon reaching the school gates, leaving them disappointed.

Comrade Ameh Baba, the NUT Chairman in Kubwa, confirmed the strike, explaining that it was initiated to push for the payment of 60 percent of the minimum wage arrears owed by the area councils.

He also criticized the councils for failing to implement the payment of 40 percent peculiar allowances and the 25 percent and 35 percent salary increments for teachers.

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Comrade Ameh stressed the importance of primary education as the foundation of human development and urged the government to treat the matter seriously.

The union warned that if the government does not respond within seven days, they will escalate the strike by picketing the area council secretariats and organizing protests, with secondary school teachers joining in solidarity. He also noted that the strike would impact Junior Secondary School 1 students, as their results are due for release.

School teachers begin indefinite strike in Abuja

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Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND

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Managing Director of NELFUND, Akintunde Sawyerr

Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND

The Nigerian Education Loan Fund (NELFUND) has announced the resolution of a technical issue that disrupted the BVN (Bank Verification Number) verification process for students applying for loans.

The issue, which began over the weekend and persisted through the public holiday, caused delays for many applicants.

In a statement posted on NELFUND’s official X (formerly Twitter) account on Wednesday, the organization confirmed that the issue had been fully resolved by Tuesday morning. NELFUND advised all affected students to log back into the portal, complete their BVN verification, and proceed with their loan applications.

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“Dear Students, 

“We have observed that many of you experienced issues with BVN verification while applying for the student loan over the last weekend, including the public holiday. 

“We are pleased to inform you that the issue has been addressed and fully resolved as of yesterday morning. 

“We kindly advise all affected students to log back into the portal, complete the BVN verification process, and proceed with your loan application,” the statement read in part.

NELFUND also expressed gratitude to students for their patience during the disruption and reassured them that the application process can now continue smoothly without further issues.

 

Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND

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Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends

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Former President Olusegun Obasanjo

Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends

Former President, Olusegun Obasanjo, has recounted how the former military Head of State, Gen. Abdulsalami Abubakar (retd), almost shortchanged Nigeria in a lucrative telecommunications deal.

Obasanjo revealed that Abdulsalami almost robbed Nigeria of a $280 million deal during nation’s transition to mobile telecommunications.

Obasanjo said when Nigeria was about to make the switch from landline telephones to mobile phones, some major telecommunication companies approached the country and promised to provide mobile lines for the citizenry, but Abubakar wanted to award the deal to his friends for $3 million.

The former President, however, said he suggested that the contract be made public for investors to bid and the highest bidder was awarded the contract, leading to the $280 million sale.

He made the revelation at the launch of a book titled ‘The Catalyst: Nigerian ICT Evolution through a Journalist’s lens,’ authored by an immediate past Editor of The PUNCH Newspapers, Mr Dayo Oketola, in Lagos.

He also disclosed that he was able to get Etisalat to pay $450 million to get the licence to operate in Nigeria.

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Speaking at the event, Obasanjo said: “The story of telecommunications, particularly mobile telecommunication, is a very interesting one. Before mobile telecommunication, we had spent a lot of money, we had all sorts of companies invited from America, France and even from Britain, but we did not get more than 500,000 lines. People had to queue at the telephone kiosk to call their loved ones abroad. And then, of course, the mobile telephone age came in.

“When it came in, my predecessor in office was trying to give it away, I think, to their friend for $3 million. Then we said, what we would do was to auction it. The three that came in first, I think, paid $280 million for the line. $280 million for something about to be given away for $3 million. That was the first thing we did. Not only that, we achieved competition.

“The three of them were competing. And, of course, the one that had the upper hand in terms of spread, I think, was MTN, followed by Glo. And then, there was Econet. They are now Airtel. And then, of course, later on, we had the fourth one, Etisalat. When Etisalat came, I told them the last one we did was $280 million. We told Etisalat to pay $450 million. They did.

“When they paid $450 million, the ball went in the post and then we were playing. That was how we got money to do what we did at the time we did it. That opportunity can still be made available. The money to develop Nigeria is out there, but that money will not come in unless we create a conducive atmosphere for that money to come in.

“What we did or what Nigeria has done in the good days when things were going well, are still there and can still be done today only if we put ourselves and we are honest to ourselves. We have to show character and attitude.”

Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends

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