Connect with us
Advertisment

brands/telecom

Buratai Lauds Allen Onyema On Air Peace’s Inaugural Flight to London, Calls for Support

Published

on

Buratai Lauds Allen Onyema On Air Peace's Inaugural Flight to London, Calls for Support

Buratai Lauds Allen Onyema On Air Peace’s Inaugural Flight to London, Calls for Support.

 

Advertisment

 

The former Chief of Army Staff, His Excellency, Ambassador Lt Gen Tukur Yusufu Buratai (Rtd) CFR, lauded Allen Onyema, the Chairman of Air Peace Airlines for the successful inaugural Air Peace flight from Lagos to London.

Advertisment

Buratai Lauds Allen Onyema On Air Peace's Inaugural Flight to London, Calls for Support

In a statement, Buratai hailed the Chairman’s unwavering commitment and patriotism amidst all obstacles on the Lagos – London flight by his airline on March 30th, 2024 which arguably crashed fares on the lucrative route by about fifty percent for the benefit of Nigerians.

 

Advertisement

According to Buratai, he saluted the courage and resilience of Onyema which has made him a barrier breaker and a line crosser in the aviation industry and whose triumphant launch of the inaugural Air Peace flight from Lagos to London has heralded a new era of competitive and accessible air travel for Nigerians.

 

He, therefore, implores the federal government and Nigerians in general to support him wholeheartedly and not let his efforts go down the drain like others in times past. According to him, in light of the interview by Allen Onyema on Channels TV Politics Today of 9 April 2024, detailing the challenges faced with both local regulators and British Airways authorities, it is clear that the support of our government is crucial as he is like the moon among the stars that needs the support and encouragement from all to shield him from all enemies of progress. Buratai admonished the British Airways authorities to show sportsmanship, maturity, and be fair to all airline operators plying the Abuja – London route. Buratai, while pleading with the BA authorities, he nevertheless urged the Nigerian Ministry of Aviation to apply a tit-for-tat approach, should BA or its agents remain recalcitrant in the face of the current challenges being faced by Air Peace in London Gatwick Airport.

 

Continuing, Buratai also commended President Bola Ahmed Tinubu GCFR led government for providing the platform for Chief Allen Onyeama to succeed in his patriotic endeavours and that Air Peace and its Chairman/CEO should be seen as Ambassadors of Renewed Hope Agenda of the Tinubu administration.

Advertisment

brands/telecom

Investors Across The Globe Testify To Genuineness Of Afriq Arbiritage System, Say Jesam Micheal Changed Their Lives

Published

on

Fintech Guru, Jesam Micheal Opens Biggest Apple Store In Africa, Reveals Why 

Investors Across The Globe Testify To Genuineness Of Afriq Arbiritage System, Say Jesam Micheal Changed Their Lives

Thousands of Investors of Afriq Arbitrage System widely known as AAS have chorused in unism that AAS is a reliable financial platform and not a ponzi scheme.
According to a cross section of investors across the 547 countries, towns and districts across the globe who spoke via video, they were victims of ponzi schemes who found solace in Jesame Micheal as a ponzi killer. According to them, everything the platform promised them was fulfilled legitimately until the time the CEO was sick, went for the surgery and Abayomi tampered with the system to siphon their hard earned money.

Abayomi Segun Oluwasesan, who was employed by his boss on the 15th of June, 2022 to work as a web developer, literally tampered with the platform at a time when his boss, Jesam Micheal went for a liver transplant and entrusted the codes to him.

Advertisment

Overwhelmed by greed, Abayomi who was entrusted with the sensitive data for the smooth operations of the company, engaged the services of his cohorts, disrupting the smooth operations of the platform and stealing hard-earned investors’ money running into several billions.

Watch Video:

Advertisment

https://youtu.be/uhxAL81FPp4?si=psRtceBuHSQmUHHB

Advertisement
Advertisment
Continue Reading

brands/telecom

Dana Airline’s Troubled History of Scandals and Safety Concerns

Published

on

Dana Airline’s Troubled History of Scandals and Safety Concerns

 

Advertisment

 

In the turbulent skies of Nigeria’s aviation industry, Dana Airline has become synonymous with controversy and scandal. From regulatory violations to financial mismanagement, the airline’s history is marred by a litany of transgressions that have raised serious questions about its commitment to safety and integrity.

Advertisment

One of the most alarming issues plaguing Dana Airline is the recurrent violation of flight crew duty regulations. Reports have surfaced indicating pilots flying over their allowed hours, raising concerns about fatigue and compromised safety standards. Such breaches not only endanger passengers but also erode trust in the airline’s operational integrity.

Financial misconduct further tarnishes Dana Airline’s reputation, with instances of fake telexes being sent to suppliers and staff to deceive them into making payments. In one egregious case, an engine was reclaimed by a lessor due to non-payment, only for Dana Airline to find the supplier bankrupt upon attempting to settle the freight costs. This pattern of defaulting on payments extends across all suppliers and includes the non-payment of staff salaries, painting a picture of financial instability and irresponsibility.

Safety is paramount in aviation, yet Dana Airline’s management has been accused of prioritizing profit over passenger welfare. Instances where the Managing Director overrules safety protocols set by management, coupled with weight and balance miscalculations due to cargo and excess baggage fraud, underscore a disturbing trend of negligence.

Advertisement

Moreover, the airline’s questionable practices extend to its maintenance operations, where falsified records and quick fixes by Indonesian personnel have compromised safety standards. The turnover of directors in the maintenance department reflects the dire financial constraints preventing proper maintenance procedures.

The lack of proper financial management and qualified personnel exacerbates Dana Airline’s woes, with the Chief Financial Officer’s association with Dana Group, under scrutiny for financial fraud, raising further red flags. Suppliers coerced into lying about amounts due during audits and the circumvention of regulatory payments only add to the company’s litany of transgressions.

Despite previous groundings and regulatory scrutiny, Dana Airline has persistently managed to evade accountability, with reports of political influence being used to circumvent regulatory actions. However, a thorough financial audit, if conducted, would likely reveal the airline’s precarious financial position, potentially rendering it unfit to operate.

In conclusion, Dana Airline’s track record of scandals and safety breaches raises serious doubts about its commitment to passenger safety and regulatory compliance. Unless substantive changes are made to address the underlying issues plaguing the airline, its continued operation poses a significant risk to the flying public.

 

Dana Airline's Troubled History of Scandals and Safety Concerns

Advertisment
Continue Reading

brands/telecom

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return as Chairman

Published

on

Access Holdings' Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede's Return as Chairman

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return as Chairman
…Re-elect Olusegun Ogbonnewo, Ojinika Olaghere as a Non-Executive Directors

The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”) at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s plan to establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifically, through a Rights Issue of ordinary shares to its shareholders.
The proceeds of the Rights Issue would be used to support on-going working capital needs, including organic growth funding for its banking and other non-banking subsidiaries.
The shareholders also ratified the appointments of Aigboje Aig-Imoukhuede, Olusegun Ogbonnewo, and Ojinika Olaghere as Non-Executive Directors.
The appointment of Aig-Imoukhuede as the Chairman of Access Holdings was praised by the shareholders, who pointed to his rich history of success with the institution, having transformed it into Nigeria’s biggest lender by market value alongside Herbert Wigwe.
Aigboje’s leadership was instrumental in driving the institution’s growth during the 2004 recapitalisation of the banking industry led by the Central Bank of Nigeria (CBN) under the leadership of its former Governor, Prof. Charles Soludo.
“We are thrilled with Aigboje Aig-Imoukhuede’s return to the role of Chairman. His proven track record, experience, and strategic insights position him as the ideal leader to steer Access Holdings towards meeting its lofty targets. During his tenure as CEO, particularly during the recapitalisation directive by the CBN, he steered Access Bank to raise an impressive $2 billion in capital, and this demonstrates his capacity to, once again, lead Access Holdings towards successfully achieving the objectives of our planned Capital Raise and Rights Issue targets,” said Chief Sunny Nwosu, Chairman Emeritus of the Independent Shareholders Association of Nigeria (ISAN).
Access Holdings' Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede's Return as Chairman
In line with the Group’s strong financial performance, the payment of a final dividend of N1.80 kobo per every N0.50 Kobo ordinary share for the 2023 financial year was approved, marking a 28 per cent improvement from the corresponding period in 2022.
The Group’s full-year results for the period ending December 31, 2023, showcased an impressive 335 per cent increase in pre-tax profit to N729 billion from N167.68 billion in 2022. The Group also experienced an 87 per cent surge in gross earnings to N2.59 trillion from N1.39 trillion in 2022 and reported a remarkable 306 per cent growth in profit after tax to N619.32 billion, from N152.20 billion in 2022.
Commencing in the second half of 2024, Access Holdings’ global expansion strategy will enter the consolidation and efficiency phase, aligning with its five-year plan to accelerate the attainment of its 2027 strategic objectives. The Group remains focused on driving sustainable growth, and delivering value to its shareholders even as it continues to build a globally connected community and ecosystem, inspired by Africa, for the world.

Advertisment
Advertisment
Continue Reading

Cover Of The Week

Trending