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Court freezes N3.5b, properties of Ex-NAMA managers

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A Federal High Court in Lagos has ordered the temporary forfeiture of N3.5 billion and 68,000 dollars belonging to  the top managers  of the Nigerian Airspace Management Agency (NAMA) and its managing director Mr. Ibrahim Abdulsalam.

Justice Oluremi Oguntoyibo made the interim forfeiture order based on an ex-parte originating summons filed by the EFCC.

Apart from Abdulsalam, the former managers of NAMA affected by the order are Olumuyiwa Adegorite, a former General Manager of Procurement of NAMA, and Segun Agbolade, a former General Manager, Finance.

Others are a former acting General Manager, Information and Communication Technology (ICT) Bolaniran Akinribido, Adegorite’s wife, Joy and Abiodun Sessebor.

The rest are Randville Investment Ltd, Multeng Travels and Tours, Delosa Ltd, Airsea Delivery Ltd and Sea Schedule Systems Ltd as well as their affiliate companies.

The Economic and Financial Crimes Commission, which is prosecuting them  asked that the properties, buildings, parcels of land and premises belonging to them be temporarily vested in the EFCC.

In a supporting affidavit, an EFCC investigating officer, Mr Nurudeen Bello said that the commission received a petition on Jan. 13, 2016 alleging that some management staff of NAMA stole government funds running into billions of naira.

He averred that the sums were derived through fictitious procurement contracts, fake container clearing contracts and fraudulent cash advances to some members of staff.

Bello said that the funds in the bank accounts were some of the laundered proceeds of the alleged crime for which they were being prosecuted.

The deponent averred that while the prosecutions were on-going, the commission got wind of plans by the respondents to transfer funds out of their various accounts.

He said that the properties, buildings, parcels of land and premises belonging to the respondents were also some of the laundered proceeds of the crimes for which they were being prosecuted.

He also averred that an order of court, attaching the aforementioned funds therein to the commission, was imperative to prevent further dissipation of the respondents’ funds and assets.

He emphasised that it was in the interest of justice to grant the commission’s application.

Justice Oguntoyibo granted the application as prayed after it was moved by the EFCC counsel

Seized were the N30.1million in Adegorite’s account, N8.7million and N120million in Randville Investment’s account and 42,000 dollars in Adegorite’s account.

Others were N2.8million in Delosas account, N1.2billion in the account of Avesta Ventures Electronics Nigeria Ltd, N985.6million, N281million, N681million and N47million in accounts of Merry Aviation Communication Electrical Ltd, among others.

A residential building at 5 Sobo Arobiodu Street, GRA, Ikeja, a petrol station on Egbeda-Idimu Road, by Faith Bus Stop, a filling station in Mushin, Idi-Oro, and a petrol station in Alakuko were among the assets temporarily forfeited.

The Economic and Financial Crimes Commission (EFCC) said that the ownership of the listed properties was yet to be determined.

Abdulsalam and others are also on trial for  N2.8billion fraud before Justice Babs Kuewumi of the same court.

They pleaded not guilty.

 

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Why You Should Visit South Africa: A World of Adventure, Culture, and Natural Beauty By Femi Oyewale

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Why You Should Visit South Africa: A World of Adventure, Culture, and Natural Beauty By Femi Oyewale

 

South Africa, often referred to as the “Rainbow Nation,” is a land of diversity, where breathtaking landscapes, rich cultural heritage, and vibrant cities converge to create a traveler’s paradise. Whether you’re an adventurer, history buff, foodie, or beach lover, South Africa offers an unparalleled experience that promises to leave visitors enchanted.

Why You Should Visit South Africa: A World of Adventure, Culture, and Natural Beauty By Femi Oyewale

1. The Allure of Nature: From Safari to Sea

South Africa is globally renowned for its natural beauty, boasting a wide range of ecosystems that include savannas, deserts, mountains, and coastlines.

A. The Big Five and Safari Adventures

The country is home to some of the best safari experiences in the world. Kruger National Park, one of Africa’s largest game reserves, offers visitors the chance to see the famed Big Five—lion, leopard, rhinoceros, elephant, and buffalo—up close. Guided tours and self-drive options cater to both luxury travelers and budget explorers.

B. The Garden Route

Stretching along the southeastern coast, the Garden Route is a scenic drive filled with lush forests, serene lagoons, and pristine beaches. Highlights include the Tsitsikamma National Park, where adventurers can hike, kayak, and even bungee jump off Bloukrans Bridge, the world’s highest commercial bungee jump.

C. Cape Winelands and Table Mountain

Cape Town’s iconic Table Mountain offers panoramic views of the city and its stunning coastline. A short drive away, the Cape Winelands, featuring picturesque vineyards and world-class wineries in Stellenbosch and Franschhoek, attract wine enthusiasts and foodies alike.

  1. Rich Cultural Tapestry

South Africa is a melting pot of cultures, languages, and traditions, making it one of the most unique destinations in the world.

A. The Cradle of Humankind

History lovers will appreciate the UNESCO World Heritage Site known as the Cradle of Humankind, where some of the oldest human fossils were discovered, offering a glimpse into humanity’s origins.

B. Cultural Villages and Heritage

Visit cultural villages like Shakaland in KwaZulu-Natal or Lesedi Cultural Village in Gauteng to experience the traditions of Zulu, Xhosa, and other indigenous groups. These villages showcase traditional dances, cuisine, and crafts.

C. Apartheid History and Nelson Mandela’s Legacy

No visit to South Africa is complete without exploring its complex history. The Apartheid Museum in Johannesburg and Robben Island, where Nelson Mandela was imprisoned, offer sobering yet inspiring insights into the country’s journey to democracy.

 

3. Thriving Cities with Global Appeal

A. Cape Town

Nestled between mountains and the sea, Cape Town is a city of contrasts. Explore the vibrant neighborhoods of Bo-Kaap, enjoy fine dining at the V&A Waterfront, or relax on the beaches of Clifton and Camps Bay.

B. Johannesburg

South Africa’s largest city is the economic heart of the continent and a hub for art, music, and fashion. Maboneng Precinct, known for its creative energy, is a must-visit for galleries, street art, and boutique shopping.

C. Durban

Famous for its subtropical climate and Golden Mile beaches, Durban is also a culinary hotspot. Sample its Indian-influenced dishes like bunny chow, a spicy curry served in a hollowed-out loaf of bread.

4. Adventure for Every Thrill-Seeker

South Africa is a haven for outdoor enthusiasts and adrenaline junkies.

  • Shark Cage Diving: For the brave-hearted, cage diving with great white sharks in Gansbaai offers an unforgettable experience.
  • Hiking Trails: The Drakensberg Mountains feature dramatic peaks and trails for both novice and experienced hikers.
  • Whale Watching: Hermanus is one of the best land-based whale-watching spots in the world, with southern right whales visiting the coast annually.

 

5. A Food Lover’s Dream

South African cuisine reflects the country’s multicultural heritage. Braai (barbecue) is a beloved tradition, while dishes like bobotie, biltong, and Cape Malay curry showcase the nation’s culinary diversity. Pair your meals with a glass of South African wine, renowned for its quality and variety.

 

  1. Practical Tips for Travelers
  • Best Time to Visit: South Africa is a year-round destination, but the dry season (May to September) is ideal for safaris, while November to March offers the best beach weather.
  • Currency: The South African Rand (ZAR) provides excellent value for international visitors.
  • Safety: Like any destination, travelers should exercise caution, particularly in urban areas. Guided tours and reputable accommodations ensure a worry-free experience.

 

7. Why South Africa Should Be on Your Bucket List

Few countries can match South Africa’s blend of stunning landscapes, rich history, and warm hospitality. Whether you’re marveling at wildlife on a safari, savoring fine wine in a vineyard, or immersing yourself in cultural traditions, South Africa is a destination that promises unforgettable memories.

So pack your bags, and get ready to explore the Rainbow Nation—a place where adventure meets culture, and every traveler finds a piece of home.

 

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NCC Approves Disconnection of Exchange Telecommunications from MTN Network Over Unpaid Interconnect Charges

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NCC Approves Disconnection of Exchange Telecommunications from MTN Network Over Unpaid Interconnect Charges

NCC Approves Disconnection of Exchange Telecommunications from MTN Network Over Unpaid Interconnect Charges

The Nigerian Communications Commission (NCC) has approved the disconnection of Exchange Telecommunications Ltd. from MTN Nigeria’s network due to the company’s failure to settle outstanding interconnect charges.

In a public notice issued on Friday, Reuben Muoka, the NCC’s Director of Public Affairs, announced that the disconnection would take effect within five days and remain in place until further notice.

“The Nigerian Communications Commission hereby notifies the public that approval has been granted for the disconnection of Exchange Telecommunications Ltd. (Exchange) from MTN Nigeria Communications Ltd. (MTN) as a result of non-settlement of interconnect charges,” the statement read.

Exchange Telecommunications Faces Regulatory Action

Exchange Telecommunications, which serves as a local and international interconnect carrier, had been notified of MTN’s application to disconnect its services and was given an opportunity to respond. However, the NCC concluded that the company’s explanation for its inability to pay the charges was inadequate.

The regulatory action is in line with Section 100 of the Nigerian Communications Act, 2003, and the Guidelines on Procedure for Granting Approval to Disconnect Telecommunications Operators, 2012.

Timeline and Implications

The NCC directed MTN Nigeria to cease routing voice and data traffic through Exchange Telecommunications five days from the date of the notice. The notice also stipulated that MTN would use alternative channels to ensure seamless interconnectivity with other network service providers after the disconnection.

“At the expiration of five days from the date of this notice, MTN will discontinue passing voice and data traffic through Exchange and will, thereafter, utilise alternative channels in interconnecting with other network service providers,” the NCC clarified.

Ensuring Regulatory Compliance

The disconnection underscores the NCC’s commitment to enforcing financial and operational obligations in Nigeria’s telecommunications industry. The commission reiterated the importance of interconnectivity standards to maintain uninterrupted services for consumers.

This move reflects the NCC’s role in upholding regulatory standards and ensuring that operators meet their obligations within the competitive and highly interconnected telecom sector in Nigeria.

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NLC hails fuel price slash by Dangote Refinery

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Enforce the PIA act on crude supply, Dangote urges NUPRC

NLC hails fuel price slash by Dangote Refinery

*Says it bring timely relief for Nigerians

 

The Nigeria Labour Congress (NLC) has Dangote Refinery over the recent slashed in the fuel price, describing it as a timely economic relief for Nigerians.

 

Speaking with journalists , the Chairman, NLC Lagos Council, Comrade Funmi Sessi said Dangote Refinery has come at the right time.

 

She expressed optimism that the reduction would ease transportation costs, lower the prices of goods and services, and provide financial relief to citizens struggling with the high cost of living.

 

“This adjustment promises to offer much-needed relief for millions of Nigerians who have been grappling with high fuel prices and the rising cost of living.

 

“If not for Dangote refinery, we believe that government will still be importing fuel.

 

“But now, Dangote is producing about 650,000 litres of barrel per day, while both Port Harcourt refinery and the other refurbished one are producing about 210,000 litres of barrels per day. Which is not even up to half of what Dangote is producing.

 

“With this, Dangote has brought a healthy rivalry to the sector and we have started seeing reduction in the petroleum prices and even Dangote have started taking Petroleum to countries such as Ghana, Togo and other countries. What this means is that it will bring stability on our own currency. In this instance , we want to give it to Dangote. We also appreciate its timely intervention.

 

“Don’t also forget that the National Assembly is trying to bring out a bill that Nigerians should start domesticating our own currency. It so disheartening that our currency is no more strong, even in the West Africa region.

 

“So, government should encourage Dangote and more players coming in because this will allow healthy rivalry.

 

“We welcome this relief, which will help many Nigerians struggling due to the high cost of living, and we urge other stakeholders to emulate the Dangote Group’s example for the benefit of all Nigerians,” Sessi said.

 

On the proposed 2025 budget ,Comrade Sessi said if the government can be strict in it’s implementation, there is hope for the revival of the economy.

 

” With the budget , we can see that there is hope for Nigeria. Most especially if government can be strict in it’s implementations, there will will improvement in the security , food production and other areas,” She said.

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