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Bro. Joshua Iginla has been a source of Inspiration for my ministry -Brother Samuel Akinbodunse + builds 50000 seater auditorium in SA

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Having laid his hands on many jobs in Nigeria, Brother Samuel Akinbodunse travelled to South Africa for greener pastures and for a better standard of living. As a typical young man, he toiled and suffered just for him to have a leeway, but things seemed not to favour him at the initial stage. It was so difficult for him that he had to lay his heads under flowers and also had to go through severe pains on different occasions. But with his call to the Lord’s vineyard, Bro Samuel soon realised that he was only wasting his time looking for jobs to do whereas God had already prepared him to be His servant. Today, the story of Bro Samuel has changed as his ministry, the Freedom for all Nations Outreach, FANO has not only carved a spiritual niche for herself but also won many souls into the Kingdom of God. In this interview , Bro. Akinbodunse, a native of Ondo spoke glowingly on his experience and how he hearkened unto the voice of God. Excerpts:

 

Interestingly you are the founder of FANO TV, can you tell us how it started?

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We bless God, My name is Brother Samuel Akinbodunse, the Senior Pastor of Freedom for all Nations Outreach, FANO. The church was birthed in 2010, but before the birth, I was in Nigeria and had an encounter with the Almighty God and He said I should head to South Africa.  I disobeyed just like Noah in the Holy Bible, so I was looking for how to get a VISA to the United Kingdom, Europe and the United States of America, all my efforts to get these countries’ VISAs were in vain, I sold all the things I had and even borrowed some money just to get out of the country but you know, sometime when you disobey God, and you refuse to walk in His ways, devil will also give you his own ways, so I was thinking I was walking in the path of the Lord not knowing I have gone astray. Luckily, my agent said that all doors of travelling abroad have failed and we should proceed to South Africa and from there, he will meet with us for our journey to the United Kingdom and when we were trying to proceed, he said there was another opportunity for us in the United States of America, and we agreed to go there for one conference, prior the interview to go to the US on September 11, the country  was attacked and the interview was cancelled after paying a whopping N520,000 and that was how we came back to the issue of obtaining VISA for South Africa. Luckily, I found myself in South Africa and from there, I had no where to stay, nobody there to welcome me, so I went to one Church and spoke to them, the Pastor assisted me, I was sleeping in the Church, praying and fasting in 2002, after the prayer and fasting sessions and there was no where to go, I was in the church and someone said I can stay with them in their flat and I would be paying about 250 Rands per month which I agreed, it was a three bedroom flat but we sleep in the sitting room, we were about twenty and from there, when everyone goes to hustle, I was praying because I don’t know anywhere to go and one day, I was introduced to  a Salon business as one of those I was staying with introduced me to it, he taught me how to do human hair, I was blended to that situation but life goes on. One day, the owner of the building said they don’t want salon there and that was how everything crashed out again, I returned to my former position, when there was no money to pay, I went back to the church, praying and fasted for 14 days without water or food, and the last day when I was supposed to break, I had no money so I took a step of faith to go the flat I left, maybe I can meet somebody that can give me money, I trekked over 5km and I didn’t meet anyone to assist me, infact angels of mercy were not available, to my surprise, when I got there, I was going to the 12th floor, but the lift was not functioning, there was no how I could get in, devil tempted me to speak to the lift to work which I did but the lift didn’t work so I managed to go through the stair case and when I got there, I found my sponge in the kitchen so I started leaving on the street, I was sleeping under the flower for many weeks before I met someone that assisted me, and I was sleeping in his shop. In his shop, I usually gathered people and pray, even when I was on the streets, I gathered people for prayers and evangelism, then someone also took me to a place called Orita in South Africa, that is where I joined the group of people who are doing ladies come and braid your hair and from there I got my own salon, I started gathering and worshipping people in the salon I got and from there God started helping me and I started inter-denominational prayer meeting which people attended in numbers. Soon, the salon couldn’t contain us anymore so we moved to another place, when we got there, people came and we were close to above 300 (three hundred members), I love mountain prayers, I took people to mountains and there was no name of the ministry then, one day, I took some pastors to the mountain, we were about three, we prayed and that was where I heard the voice of God saying ‘My son, go and register ‘FREEDOM FOR ALL NATIONS FOR ME’ three times, I told the pastors and they said they will know if it was true or not, when we got back, they searched for the name on Google and the only thing that resembled the name was Christ for all Nations and so, that was how we registered, even when we wanted to do registration, they said we should bring three names and I said I do not have any because that was the only name given to me, then I added OUTREACH because I love outreach so much, we put the name and the agent said they will not approve it because it must be three names and luckily enough, we submitted that same name and it was approved the same day we submitted, that was how we registered in 2010. We did not start a church because I did not hear God say I should start a church, I continued with my outreach work, doing crusade all over South Africa and in 2011, I met with Brother Joshua Iginla who is my spiritual father now, he came and blessed the word I am doing, for our interdenominational prayer, we meet every Wednesday, then I still have my church I attend which helped me and a lot of visions from Brother Joshua Iginla came up then that I should start a church, but I am a person that without confirmation from God directly, even if you are the greatest prophet, I won’t take any action, not that I am a doubting Thomas and when I remember the story of the young and old prophet, it makes me to be extra-ordinarily careful of words from Prophets and members then in July 2011, Brother Joshua Iginla called me himself that he had a revelation about me that God said I should start a church, and I said I would start, he prayed for me thinking I’ll start but I did not, I went back to God in 40 days of prayer on water and in my lifetime, I have fasted 40 days on water four times, I went back to God and asked him if he was the one speaking or they are just telling me because they love me and God said to me in August ending that I should start the church. When I finished  the fasting in September, God gave me a revelation that I should start on the 8th of January, 2012 so I wasn’t in hurry though we were already close to 400 members then and I announced to people, but before then, I spoke to people that God did not call me to start a church because I have been with Prophets, Pastors and I saw the difficulties in it and with the kind of heart I have, I do not want to stress myself because I am a man that is too compassionate to start a church. What I mean is that people will be depending on you, as you are feeding your family, you have to feed them, so I said no, let me do my crusade and leave, nobody will know me. When I announced it, people started grumbling and thought God has left me because I initially said I won’t be starting a church but I am changing my words now, I also used the story of the Samaritan woman and Jesus when Christ told his disciples not to go into the way of the Gentiles that they are only sent to the lost sheep of Israel, but when the Samaritan woman came , due to her faith, she received her miracle then.  When we started, we were almost 400 in membership. Initially we started with 67 people, I was discouraged but God said to me that these are the shepherds I will start with that those people are not going to be part of it, that was how we started and since we started, we have never reduced, I remember after two months, we escalated to over 200, so that is how we started 5 years ago, that is how FANO came to be under the advice of Brother Joshua Iginla, his influence, his grace, and after two years, we came on board and we are now on TV doing live broadcast, it is amazing to me, with the kind of speed, people will think maybe there is something behind it but I said something that the birth of FANO came in 2010 but the pregnancy started from 2002.

People believe South Africa is not a conducive environment for Nigerian Pastors to establish a church, what would you say distinguishes FANO TV from every other ministry?

That is a very good question and it is something I should break for you, pastors in South Africa, especially Nigerian pastors, before leaving Nigeria they carry heavy anointing but immediately they arrive they attach themselves to things that will extinguish the fire of their anointing, so many of them now have been corrupted, God said to me that I should separate myself. Separation is what distinguishes me, I do not do what they are doing, if you look at them now, running after women and rich people, all kind of frivolities and vanities, I do not do that, since I came to South Africa, it has been only my wife, you see pastors duping people, going to clubs and hangouts, engaging in fraudulent activities, I do not engage in all that, even when I started, some people know me then and made comments that they know I will be a pastor because I have never done the illegal things they do there and that is it. In my Church now, I can say only ten percent of my congregants are Nigerians, I have 80% South Africans, 10% of other nationals.

What is the secret for you to have South Africans and other nationals to troop into FANO ministry?

The secret is genuine preparation, direction from God, I was sent to South Africa and I allowed South Africans to do things in the church, empower them, if Nigerians are now part of it, it means God graciously opened their eyes that there is a genuine grace in the ministry.

To every glory and success, there is a story to tell, what were the greatest challenges you faced when you started and how did you overcome it?

I faced some heart-failing challenges and rejection, some of the people that discouraged me most are Nigerian pastors, some even told me to go home and another challenge is that even before the birth of FANO, It was not easy, ministry without money is a great torment so I was tormented  financially,  I remembered one day after praying for people and they departed, I was going home and there was no food in my stomach, I was seriously hungry and there  was no money, on my way I looked at one dustbin, I saw KFC and some food, I had to take it and eat, sometime In 2003 when I ministered powerfully to some people, after that they went home but I who ministered to them have nowhere to stay, another betrayal was the betrayal of supposed loved ones, as an up and coming  preacher, you can be discouraged and then, I had no father I can talk to that would help me, it was a hard time for me then, the challenges were very great and I know every human being has challenges, you have vision you want to bring to reality,  there was no money and you know every vision needs money, those are the challenges.

During all these crises, were you married?

Yes, because when I look at the situation of South Africa, I cry to God that I do not want to fall into any temptation because I have seen traces that some women were making some moves, so I had to pray and I remembered calling a Prophet In Nigeria that this is the challenges and he said the wife I will marry will come to me herself, I never proposed to my wife, she came the way the man of God said and we married in 2004, so after three years in South Africa, I got married

During those trying period, was she supportive?

Actually, God gave me a very lovable woman, she was so supportive. When I got married to her, I had just a single bed, no chair, no TV, I shared a room with three other people. Like I told you earlier, I got married because I do not want to fall into sin. She embraced the spiritual and ministry work, she calls me pastor and has never called me by any other name, it is now she is calling me daddy. She even advised me to start saving money so we can separate ourselves from the people we were staying with, we were not engrossed in material things, even up till now, we saved all our money and separated some for food, we do not go to shop to buy clothes, we do not over-celebrate on Christmas, we only send some money to our parents out of the money and we took our time, we did not have babies early, it took us two years to save before we decided on having a baby because we already had our apartment. If she’s not a good woman, she won’t bring that idea, we married in 2004, we saved money and moved to our apartment in 2006 and the same 2006 in December, we built our own house we are living now, her idea brought us joy.

Would it be right to say your story informed your attitude towards philanthropy?

Yes, you know if you have never experienced bitterness, you won’t know how to manage sweetness, if you have never experienced challenges, you won’t know how to sympathize with those who are going through it, apart from the problem we faced, I’m a man right from time that took something from my biological father, he will not eat until everybody are satisfied in the house, I remember one day I came for holidays and everyone was eating, and he was not eating, he said he won’t eat until he knows the food satisfied everyone, I took it from my father then and when I met my spiritual father who is Brother Joshua Iginla, I saw the same thing in him, that made me know it is a divine connection so I’m a man who wants to satisfy everyone even if I cannot, but I would want to go an extra mile to satisfy people, I rely on blessings from above, but whatever God gives to me are what I can help people with. So far, the people I have given scholarships to are more than 50 and that is how I live my life, I give it out, I just opened a savings account for myself two years ago, every money I had was given to charity, so that is the kind of character I developed towards people.

A lot of people raise allegations that all churches are just interested in money, this is a strange one, can you tell us more about your ministry in terms of giving?

This is one of the things I also teach my fellow pastors especially some that submitted to me. Ever since I started Freedom For All Nations, I have never touched the church’s money, we have some treasuries and there is accountability, so what we do is whoever is in need, we give and pay our bills and from my own, I have a covenant I do not usually say it, 80% of whatever comes in , I return it to the ministry,  I am only left with 20% so if I want to travel or go anywhere, it should be the church responsibility but I do not put burden on anyone, I do it myself and I have Sam Akinbodunse Ministry where we help people, there are some funds, like the scholarship I am giving out is not from the purse of the church, it is from my own account, we have very strong welfare committee that takes care of the needy through the account of the church.

We learnt there is a programme you do where you feed  those who are hungry, tell us more about it?

Operation Feed the Nation came to being when I thought deeply and I saw that in those days when I was hungry and there was no food, there are some white people who brought food to us, bread and tea every morning, I remember I take it up to thrice in a deceptive way because I don’t have hope until they come back the next morning and there are some people in that situation now, so we are feeding 150 people every week

Another interesting thing I noticed about FANO TV is some of the outstanding miracles, especially the one about the woman that delivered cat fish, can you shed more lights on that?

Yes, Jesus went to his hometown and couldn’t perform much miracles because they didn’t believe him, my father who I lived with, not my biological father, but my mentor, told me  that I should come and help him in Ondo, my native town, I agreed and went there. A woman came, I met her brother in Dubai and told me some of the problems his sister had and I asked him to tell her to meet me in the programme at Ondo and he said no problem and I prayed for her. I prayed on water and I asked her to add a little salt and drink it. She came to that programme and as we prayed for her, that was how she went into labour and to my surprise, she gave birth to a catfish, she took photos and she was even coming from Nigeria to South Africa for testimony, one of the things that baffles me now is, she has been carrying the pregnancy for 14 months thinking it was a baby, and there was a movement not knowing the enemies have changed the baby to cat fish.

A lot of people are scared when it comes to prophecy and that is why they speak in parables, but we noticed something about you that you say it as it is like the issue of Cape Town and Zuma Prophecy, what gives you the boldness?

I know that people have bastardized the prophetic ministry and actually it has been known to everyone that wherever there is original, you will always see fake, and another challenge is that people cannot differentiate because devilish people also prophesy, the only thing that can make people differentiate Is character, the Bible says by their fruits you shall know them, I have a logo, I told my people that any prophet without the character of Jesus is fake, if it comes to prophecy and revelation, I am gifted to be sincere, I remember one of my fasting, what I asked God for was his power so my only prayer for those 40 days was his power and he gave it to me, power of revelation, knowledge, he gave it to me, like what you just mentioned, it came in the service, I was just ministering and I saw something just flashed on my eyes, when I looked, I saw flood coming out in Cape Town, I saw flood coming out of the Western part of South Africa that we should pray, who knows, if we didn’t pray, it could have been worse and sure, Zuma must go, I’m a man that devoted himself for South Africa, if you watch our programme, every Sunday we gather we pray for South Africa and Africa continent so as I was praying that time, God said I should go and warn President Jacob Zuma that he must not do re-shuffle or else he will mess up the country, I spoke and told people, he didn’t listen, he did it and up till now, the crisis are still there, we’ve not gotten over it and that is bringing forth different problems, to me, I am a man who isn’t afraid of anything when it is spiritualism, you can’t find me in a dirty place so when I speak and if it’s God that revealed and said I should speak, why should I be afraid, I am not afraid of anybody no matter who you are.

Within 5 years, your ministry has grown so big and the auditorium is becoming too small, what is your plan for expansion?

Actually, where we are now isn’t the vision, the vision God gave me is to build 50,000 capacity and you know we have to start from somewhere, the 8,000 capacity we have now, we will start from there, that is why if you come to our church, we put it far extreme so that it will not disturb the main auditorium and where we are now, as time goes on, we will leave it for the youths. The main auditorium is coming soon and we have targeted that by 2019, if it is not fully finished, it must have gotten to somewhere. We have acquired the land, structures are on it, we are just waiting for the date to start and also support, actually the people have estimated it and it costs 300million Rands

What advice do you have to those who are just entering the ministry and look up to you as a father?

My advice to them derived from my personal experience. You must be patient, make sure that you do not deviate from the assignment God gave to you, it may be difficult, but if you do not deviate from it, the sweetness of the assignment will surely come and thirdly, do not look at somebody else that is running faster and compare yourself with him, anytime God calls a man, He gives him a season and any season that must come must experience another season. Before raining season comes, there must be an experience of dry season and before dry season comes, there must be an experience of raining season, so whenever you want to start, it will not go the way you want, there will be a sour situation, the foundation of a house Is always giving problem to the builder. Laying bricks is very easy, you can lay 1,000 bricks per day but when it comes to foundation, you must make sure things are put in place and foundation is not seen after being covered so if you are labouring in ministry, it will not be seen at an early stage, it is when you are building that your labour will be seen. My advice to all the beloved that are being called into the ministry, even though you feel your ministry is not growing, do not give up, be in line with what God says you should do, the owner of the work will visit one day.

 

 

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Fidelity Bank: Improved Share Price as Growth Indicator

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Houston, Texas gears up for Fidelity Bank's FITCC Trade Expo

Fidelity Bank: Improved Share Price as Growth Indicator

 

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When the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier1 status by the bank is closer than ever imagined.

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In full year 2022. Fidelity Bank briefly fell into the Tier 1 category and saw the highest gross earnings of N337.10 billion and profit before tax of N53.68 billion. The bank’s higher interest income relative to interest expense led to a net interest margin of 7.70 per cent, ahead of other similar banks.

Regarding its financial position, the bank had the highest total assets at N3.99 trillion in 2022. The bank’s relatively low-risk asset exposure kept non-performing loans (NPLs) at 2.90 per cent, the second lowest in the Tier 2 category ahead of Wema Bank.

Although the group has struggled with curtailing operating costs with CIR above 50 per cent, Fidelity earned the second lowest CIR among Tier 2 banks at 59.00 per cent, slightly behind FCMB at 53.90 per cent in FY 2022.

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In 9M 2023, Fidelity Bank, according to Proshare analysts will rise to full Tier 1 status in its next Tier 1 Banking Sector Report review based on Proshare’s Banking Strength Index (PBSI)) led second-tier banks in gross earnings, profitability, total assets, customer deposits, and loans and advances.
However, its non-performing loan ratio (NPLR) rose to 3.54 per cent after Wema Bank’s 2.50 per cent, while its cost-to-income ratio (CIR) settled at 49.86 per cent, which was an improvement from the previous year’s ratio.

Significantly, in its full-year 2023 results, the bank’s total assets as of December 31, 2023 has risen to N6.2 trillion.

The bank closed 2023 as the fifth best banking stock on the floor of the NGX with a share price of N10.85 and a market capitalization of N347.3 billion, depicting an annual gain of 149.4 per cent, Fidelity Bank also showcased a commendable financial performance.
Notably, it achieved a net income of N91.8 billion in the nine months ending September 2023, reflecting a substantial 162.46% year-on-year growth from the corresponding period in 2022.

Furthermore, the bank registered an impressive return on equity of 28.48 per cent during the first nine months of 2023.

The 2023 performance of the bank was similar to that of 2022 as it was one of the three banks that led the list of the best-performing banks on the NGX. The other banks are FCMB and FBN Holdings.

The research pours into the performance of thirteen of Nigeria’s largest commercial banks analyzing improvement year on year over two quarters.

The analysis revealed that the thirteen banks raked in a sum of N298.84 billion as post-tax profit between July and September 2022, representing an increase of 29.9 per cent compared to N228.54 billion recorded in the corresponding period of 2021.

The commercial banks remained resilient despite economic headwinds, which saw the nation’s aggregate GDP growth slowed to 2.25 per cent in Q3 2022 from 3.54 per cent recorded in the previous quarter and 4.03 per cent in the corresponding period of 2021.

Also, banks’ loans to customers grew by 5.5 per cent between June and September 2022 to stand at N23.76 trillion, representing a net new loan of N1.23 trillion in three months. However, this showed a slightly slower growth than the 6.81 per cent increase recorded in the comparable period of 2021.

NGX reclassification

The NGX said the reclassification became necessary because Fidelity Bank shares have been trading above the N5.00 mark since February 2023.
According to the NGX, rule 15.29 of the Rulebook of the Exchange, 2015 (Dealing Members’ Rules) notes that equities priced above N5 per share for at least four of the most recent six months of trading, or new security listings priced above N5 per share at the time of listing on NGX are classified as medium price stock.

“Fidelity Bank traded above the N5.00 mark on February 20, 2023 and has remained above the N5 mark up until close of business on 30 June 2023.
“This indicates that Fidelity Bank has been trading above N5 for at least four months in the last six months. Therefore, it should be reclassified from small price stock to medium price stock,” it pointed out.

The bank has continued to post commendable financial performance every quarter as it cements its position amongst tier-one banks in the country.
In the half-year 2023 results and for the second year running, the bank emerged as the company with the highest earnings per share on the Nigerian Exchange Limited (NGX).

According to a report, Fidelity Bank, Seplat Energy, Total Energies, Okomu Oil, Presco, Dangote Cement, MTN Nigeria, BUA Foods, First City Monument Bank (FCMB) and Geregu Power emerged as the companies with the highest earnings per share within that review period.
Earnings per share (EPS) is a company’s net profit divided by the number of common shares it has outstanding.
It also indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value.

A higher EPS indicates greater value because investors will pay more for a company’s shares if they think the company has higher profits relative to its share price.

Fidelity Bank recorded an earnings per share of N184 in the first half of 2023 from N79 in the first half of 2022.
The share price of the bank as of Thursday, April 25, 2024, stood at N9.00 per share as the bank traded 12.642 million shares valued at N112.071 billion in 246 deals.

Fidelity Bank’s share price movement has shown intense volatility in an upward direction over the past years. The stock price has risen from N2.52 on January 04, 2010, to N10.00 on March 15, 2023, generating a YTD return of 297 per cent.
The bank’s market capitalization as of Thursday, April 25, 2024, stood at N288.11 billion. Average volume stood at 11.76 million, share outstanding was 32.01 billion while free float was 31.72 billion

Stakeholders speak
Analysts believe the bank’s share price underlines its earnings growth and financial performance as higher dividend yields and future earnings forecasts have triggered demand in the money lender’s shares.

Over the last ten years, the bank’s share price has risen to a resistance (highest price) of N14.20 on March 05, 2024, and a support price (lowest price) of N0.76 on November 16, 2016.

According to a Lagos-based stockbroker, ‘Fidelity Bank demonstrates the classical admonition to prospective investors of entering low and selling high. Over the last eight years, Fidelity’s stock price has risen by 44.19 per cent on a compound annual basis; very few stocks could prove a better inflation hedge”.

Ambrose Omordion, Chief Research Officer at Investdata Consulting Limited, believes that this is the best time for Fidelity as the bank’s share price is doing well among its peers.

He said, “Fidelity is doing well and its share price is one of the best among its peers. This is so because the bank has recorded impressive results in its 2023 financial year. In June 2023, the bank shares rose by 32 per cent making it the nation’s best-performing bank share as of half year (June 30).

“I can only see a better bank now and in the future. The bank is a potential Tier 1 bank and the performance of the bank is a pointer to the fact that the bank will scale the recapitalisation hurdle of the Central Bank of Nigeria (CBN)”.

Prince Anthony Omojola, National Coordinator, Independent Shareholders Association of Nigeria (ISAN), asserted that “Fidelity Bank is moving up in terms of performance. They have joined those paying interim dividends and they have also dipped their hand into big money tills for huge investment. They have borrowed big to be able to handle bigger contracts and be able to reap big. The reclassification is welcomed and I hope they will not disappoint us. If they can meet expectations, the benefit will be for Nigeria”.

On his part, Sam Ndata, Doyen of Nigerian Stockbrokers and non-executive director at UIDC Securities Limited commented, “This is a good development. If a company performs well, it will surely be rewarded to earn investors’ confidence”.

Mr Boniface Okezie, the National Coordinator, Progressive Shareholders Association of Nigeria, commented, “Fidelity Bank has paid its dues in the financial services sector. It has contributed immensely to the development of the small and medium enterprises (SME) sector yet pays dividends to the shareholders. Last year, it took the market by surprise by declaring a dividend of 50k per share which had not happened in previous years. The massive investment in ICT and effective branch network shows it is ready to serve the customers in a better way and make the shareholders happy.”

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Revealed! How Detained Binance executive planned prison escape

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Revealed! How Detained Binance executive planned prison escape

 

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The detained Binance Holdings Limited executive, Tigran Gambaryan, has attempted to escape from Kuje Correctional Facility accordign to a report by the PUNCH.

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Revealed! How Detained Binance executive planned prison escape

Investigations by their  correspondent revealed how Mr Gambaryan who is currently remanded in Kuje Correctional Facility, applied for a new United States of America passport, under the pretence that his seized passport was missing.

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The Armenian-born Binance executive, Gambaryan who has both American and Armenian passports, told the US Embassy in Abuja that he lost his passport which is currently being held by the EFCC, impeccable anti-graft sources privy to the development but not authorised to speak, told The PUNCH on Wednesday.

Following the development, the EFCC has urged the Federal High Court sitting in Abuja to disregard Gambaryan’s bail application, while noting that the Armenian-American could flee from Nigeria like his Kenyan-British colleague, Nadeem Anjarwalla who fled to Kenya.

A source, who is privy to the investigations, revealed that “The second Binance executive, Tigran Gambaryan, who is currently remanded in Kuje prison, has planned to escape from the facility. He applied to the US embassy in Abuja to issue him a new Visa while lying that he lost his passport which was seized by the EFCC.”

Another source, who insisted on anonymity, noted that “Gambaryan could have escaped from Kuje if not for the fact that the US embassy flagged his request for a new passport. Fortunately, the US embassy immediately reached out to the EFFC, and the embassy was informed that he’s a criminal suspect whose case is currently in court for alleged money laundering – concealing the source of the $35,400, 000 generated as revenue by Binance in Nigeria knowing that the funds constituted proceeds of unlawful activity.”

Meanwhile, the EFCC had on Tuesday, urged Justice Emeka Nwite of the Federal High Court Abuja to deny Gambaryan’s bail application.

The anti-graft agency said it was too risky to admit the foreigner to bail, noting the escape of his co-defendant, Nadeem Anjarwalla, from the custody of the National Security Adviser and his escape to Kenya.

Besides, the prosecuting counsel for the EFCC, Ekele Iheanacho, told the court that the anti-graft agency uncovered an alleged plot by Gambaryan to obtain a new passport to facilitate his escape from Nigeria after the EFCC had seized his passport.

Gambaryan, his fleeing colleague, Anjarwalla, and Binance Holdings Limited are being prosecuted by the EFCC on money laundering charges.

The anti-graft agency accused them of concealing the source of the $35,400, 000 generated as revenue by Binance in Nigeria knowing that the funds constituted proceeds of unlawful activity.

Opposing Gambaryan’s bail application on Tuesday, the EFCC prosecutor said, “There was an attempt by this defendant to procure another travelling document even when he was aware that his passport was in the custody of the state. He pretended as if the said passport was stolen.”

Iheanacho told the court that within the same period that Anjarwalla fled the custody, Gambaryan also allegedly made moves to escape from custody and flee the country but was intercepted by the operatives of the commission.

“This court will be taking a grave risk to grant the defendant bail. This is also because he has no attachment to any community in Nigeria.
“The experience we have had with the man who escaped to Kenya while his United Kingdom passport is in Nigeria will certainly repeat itself if this defendant is granted bail.

“The 1st defendant (Binance) is operating virtually. The only thing we have to hold on to is this defendant. So, we pray My Lord to refuse bail to the defendant.”

Iheanacho said with the intelligence information at the EFCC’s disposal it was not safe to release the foreigner on bail.

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Dana Airline: How Long Should We Pamper Death? …Why FG should completely ban Dana Airline from flights operations ~By Oluwaseun Fabiyi

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Dana Airline: How Long Should We Pamper Death? ...Why FG should completely ban Dana Airline from flights operations ~By Oluwaseun Fabiyi

Dana Airline: How Long Should We Pamper Death?
…Why FG should completely ban Dana Airline from flights operations
~By Oluwaseun Fabiyi

 

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Every means of transportation poses its own risk and hazards, however, some pose graver risk, especially when the right steps are not taken in the right direction. The fear and the attendant disaster that comes with air crashes are graver than one could imagine. This is why all must be adequately put in place, to avoid unnecessary distrust.

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Dana Airline: How Long Should We Pamper Death?
...Why FG should completely ban Dana Airline from flights operations
~By Oluwaseun Fabiyi

It is no longer news that Dana Airlines experienced yet another flight mishap recently, when one of its aircrafts; with registration number 5N BKI skidded off the runway, at the Murtala Muhammed International airport in Lagos, on Tuesday 23rd of April, 2024, after reportedly returning from Abuja that fateful morning. To say that, the incident was a serious safety concern and threat; that requires swift response, is to say the least.

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One must commend the Honourable Minister Of Aviation and Aerospace Development, for his promptness in grounding all Dana Air’s operations within the country. Such should be the alacrity of nations, who have zest and intelligence for the safety of her citizens.

Without much ado, Many Nigerians must have come to a point where they doubt the integrity and technological reliability of Dana Airlines. This is not farfetched from the lackadaisical attitude of the air operator, and certain antecedents that say no otherwise.

Let me take you just a little down the memory lane! Bethnews Media can still recall very vividly, how Dana Airlines wrecked a gruesome havoc on my neighbourhood some 13 years ago,when one of its aircrafts crashed, around Toyin/Balogun Iju-Road claiming the lives of One Hundred And Fifty-nine (159) persons and destroying several persons homes and means of livelihood.

On that fateful Sunday afternoon of June 3, 2012, at about 2:00pm. Publiser of BethNews Media, Oluwaseun Fabiyi had just returned from church, and because of the hot weather, I sat at the balcony after my meal, only to see an aircraft that swung across my rooftop, as if to perch on it. Gripped with fear, since we had never seen a plane flown so low in our area, we decided to follow up.

Myself and others understood that, all was not well the the aircraft that just past, especially seeing it with that very black fume, and preceded by a very scary screeching and deadly roar. Before we could say Jack Robinson, it happened, a Dana Airlines aircraft had just crashed! Everywhere around Toyin Balogun street, off Iju Ishaga road, was already in disarray. Everyone scampered for safety in the unfortunate community.

When an occurrence of this magnitude occurs, sometimes it is excusable to attribute it unforeseen hitch(es), however, such excuses are hardly tenable in airspace operations, since most of the flight activities are strictly monitored via utmost sophistication and near-perfect technical accuracy.

Few months after the Lagos state government had organised a mass burial for the victims of the unfortunate controversial Dana air mishap,the operator was suspended, and directed to show kind gestures to families and businesses affected.

Guess what! Dana Airlines is alleged to have refused, to show concerns, nor put any mechanism in place, to alleviate the sufferings of those who lost lives, properties and millions to the crash. Rather, they clamoured to resume operations.

Surprisingly but not strangely, Nigeria Civil Aviation Authority (NCAA) heeded Dana Airlines’ plea,to resume operations. Nigerians must understand and also remember that, the Dana air crash of 3rd June, 2012 remains the deadliest; after that of 1973,where 193 died in Kano.

Imagine what would have happened again, if the last incident resulted in a crash aground or mid air. God forbids, like we always say in Nigeria’s parlance! However, the reality is that, God wouldn’t forbid, if we leave what God has given us abilities to avert back to God. It doesn’t work that way!

As a matter of urgency, Dana Airline needs to be completely ban from flights operations, since crashes and air mishaps are becoming regular and normal occurrence in their services to Nigerians. We can’t continue to handle the safety of the populace with laxity and levity.

As far as I and many Nigerians are concerned,if the authorities involved continue to play politics, Dana Airline would continue to underestimate Nigerians for long, and the outside world wouldn’t take us seriously.

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