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Okechukwu Nnodim
The Asset Management Corporation of Nigeria has reached an advanced stage towards launching a multibillion naira airline by pooling together its aviation assets especially planes in debt-ridden Arik Air and Aerocontactors Airlines, findings by
Sunday PUNCH have revealed.
The new international airline, to be named Nigeria Eagle, may take to the sky with at least 10 planes as early as June, according to insiders who spoke on condition of anonymity because they were not authorised to speak on the matter.
AMCON is expected to make an official statement on the deal very soon.
It was learnt that AMCON, a Federal Government-owned bad debt manager which owns controlling stakes in both Arik and Aero, chose to establish the new airline as a clever means of wriggling out of the multibillion naira liabilities currently hanging on the two carriers.
Nigerian Communications Commission
Having recorded some regulatory strides in 2020, amid economic headwinds occasioned by COVID-19 pandemic, the Nigerian Communications Commission (NCC), has highlighted the key areas that will form the fulcrum of its activities this year.
Accordingly, the NCC intends to positively impact the telecoms industry, especially in terms of improved service experiences for holders of the over 208 million active mobile lines in the country.
The Executive Vice Chairman (EVC), Prof. Umar Danbatta, provided insights into the various regulatory activities to be embarked upon by the Commission this year, with a view to consolidating the achievements of the past five years.
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Published 10 January 2021
AN unimaginable intensity of corruption is threatening Nigeria’s justice system. At issue is the duplicitous practice of lawyers bribing judges to pervert the cause of justice. Accordingly, a new survey details the sordid transactions soiling the temple of justice through the underhand exchange of tons of bribe money between the Bar and the Bench. In a novel project, the Independent Corrupt Practices and Other Related Offences Commission lays bare the spectre of corruption plaguing the judiciary, estimating that billions of naira passed from lawyers to judges in a span of two years. In Nigeria, judicial corruption is a bitter reality, though no progressive government tolerates it.
Petroleum ministry: Officials who spent N116m on stationery have retired
January 06
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This is according to a statement released on Tuesday by Garba Deen Muhammad, spokesman for Timipre Sylva (pictured), minister of state for petroleum resources.
A 2015 audit report submitted by the Office of the Auditor-General of the Federation (AuGF) in December 2020 had said officials of the petroleum ministry
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The audit report is currently under scrutiny by the senate public accounts committee, led by Mathew Urhoghide, senator representing Edo south.
The statement explained that the infractions occurred before the present leadership of the ministry of petroleum.
“The general public should note that while it is true that the auditor-general raised audit observations on infractions committed by the ministry of petroleum resources, these infractions related to the 2015 accounts of the ministry of petroleum resources,” the statement read.
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Following the result of its survey that showed N9.4bn bribes exchanged hands in the judicial sector between 2018 and 2020, the Independent Corrupt Practices and other related Offences Commission ,ICPC has given reasons why it may not be able to prosecute those involved.
A senior research fellow at the Anti-Corruption Academy of Nigeria, an arm of the ICPC, Dr Elijah Okebukola, explained on a programme on 99.3
Nigeria Info in Lagos that the survey did not obtain evidence that could be used to prosecute anyone, as respondents were assured they would be anonymous. He stressed that the essence of the survey was to gather data and information that could enable the ICPC to effectively combat the corruption in the country.