Connect with us

News

Air Peace CEO Onyema commends FG over recovery of assets leased to Nigerian airlines

Published

on

Please Kindly Share This Story

Barrister Allen Onyema, the Chairman/CEO of Air Peace, has commended the Federal Government for agreeing to guarantee aircraft leasing companies for the recovery of their assets leased to Nigerian airlines in case of default.

Onyema made the commendation when officials of Boeing air planes and officials of Aercap, led by Onyema, paid the Minister of Aviation and Aerospace Development, Festus Keyamo a courtesy visit.

He gave the assurance that the FG will support domestic airlines after aircraft manufacturers expressed the willingness to offer Nigerian carriers dry lease opportunities if certain conditions were met by the country.

Keyamo expressed the willingness of the FG to strengthen the capacity of Nigerian airlines to compete on the global stage and reiterated the resolve of the FG to guarantee the release of lessors’ assets to its owners from any defaulting Nigerian airline.

During the meeting, Keyamo said his decision to enable leasers afford Nigerian airlines dry lease options is in line with the plans of the FG to boost the capacity of Nigerian airlines in order to enable them compete effectively in the international air transport market.

He assured Boeing, Aercap and other leasers that the FG would guarantee the release of their assets from any Nigerian carrier whenever there is default and emphasised that this is a new era and a new government, which has the emphasis to create enabling environment for Nigerian airlines.

The Minister gave the assurance that leasers will not be shortchanged over their assets; stressing that the government would do everything necessary to safeguard them from airlines in the case of default.

He also emphasised that lessors should inform government about the airline they are dealing with so that government would carry out due diligence on the operator’s financial status and other vital records.

Onyema thanked the FG for the commitment to help Nigerian carriers by agreeing in principle to give such guarantees to leasers worldwide.

He said, “By the Minister’s promise today, the government has indicated that it is not paying lip service to its plan to provide lifeline and support to Nigerian airlines and a positive revolution in the aviation industry is now imminent.”

He also commended the Minister on the stand he took for Nigeria on Bilateral Air Service Agreement (BASA) in order to protect Nigerian carriers during the just concluded 15th International Civil Aviation Organisation Air Service Negotiation (ICAN2023) held in Riyadh, Saudi Arabia where he led the country to, not only refuse the usual short-changing of the country through lopsided BASA agreements but, in one instance, walked out on a powerful nation that has disrespectfully refused to abide by the principle of reciprocity in her treatment of Nigerian airlines contrary to the BASA signed by both countries.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Turaki-led PDP wins as Court of Appeal affirms Wole Oluyede as duly nominated candidate for Ekiti

Published

on

Please Kindly Share This Story

Dr. Wole Oluyede has been affirmed as the duly nominated candidate of the Peoples Democratic Party, PDP, for the Ekiti State governorship election.

The Court of Appeal, Akure Division, made the affirmation in a landmark judgment, thereby giving validity of the Peoples Democratic Party (PDP) primary election for the same.

In a unanimous decision, the three-man appellate panel led by Hon. Justice Peter Chudi Obiorah, alongside Hon. Justice Jane Esienanwan Inyang and Hon. Justice Peter O. Affen, set aside the earlier judgment of the Federal High Court, Ado-Ekiti.

The justices held that the primary election conducted by the Kabiru Tanimu Turaki-led National Working Committee (NWC) was valid, transparent, and complied with the party’s constitution and the Electoral Act.

On the 13th of January, 2026, the Federal High Court, Ado-Ekiti nullified the Ekiti State Governorship primary election conducted on the 8th and 9th November, 2025.

Dissatisfied with the judgment, the Party appealed to the Court of Appeal and today, the Court of Appeal allowed the appeal and set aside the judgment of the Federal High Court..

The Court further held that the primary election was duly conducted.

This judgment effectively puts to rest the leadership and candidacy disputes that have shadowed the party’s preparations for the 2026 Ekiti State Governorship Election. By upholding the Turaki-led process, the Court has provided the necessary legal finality to ensure the PDP enters the general election as a unified front.

Continue Reading

News

India slaps Nigeria, rejects Tinubu’s ambassador-designate

Published

on

Please Kindly Share This Story

India and some other countries have reportedly  declined to accept some of President Bola Tinubu’s recently posted ambassadors-designate due to diplomatic policies that discourage receiving envoys from administrations with less than two years remaining in office.

According to reports in the media, India, where career diplomat Ambassador Muhammad Dahiru has been designated to serve, maintains a standing policy against accepting ambassadors from governments with tenures of less than two years remaining.

India is exercising its discretionary powers to turn down the Ministry of Foreign Affairs’ request to accept Dahiru’s posting.

According to sources quoted by the report, the Federal Government was already receiving signals from New Delhi and possibly other capitals about their reluctance to grant agrément.

Agrément is the formal approval given by a receiving country to accept a diplomat designated by the sending country, and it is a prerequisite before an ambassador can assume duty.

“They don’t accept an ambassador from an administration that has less than two years in office. So they are giving us that body language already,” a Presidency official was quoted to have said

The source continued, “Some countries are reluctant to accept some people, not because of the individuals but because of time. They are already seeing the Tinubu government as an outgoing government.

“So their concern is that he has just one year left, so what if he doesn’t win the election? Another government may come and remove them. We also understand that some countries have this policy. Any ambassador from an administration that has less than a year or two in office will not get accepted. And one of such countries is India.”

 

Continue Reading

News

Belonging to two political parties to attract imprisonment

Published

on

Please Kindly Share This Story

The House of Representatives on Wednesday amended Section 77 of the recently assented Electoral Act 2026 to prescribe two-year jail term or N10 million fines or both, for anyone who knowingly maintains membership of two political parties at the same time.

Lawmakers during the committee of the whole presided by Deputy Speaker Benjamin Okezie Kalu, made amendment to section 77 of the 2026 Act by inserting three new clauses 8, 9 and 10 which were considered and approved by lawmakers after a heated session of back and forth debates.

According to the new clauses approved by lawmakers, any party member found to be registered as member of more than one political party at the same time will have his or membership of the said parties voided.

Clause (8) of the approved amendment stipulates that “A person shall not be registered as a member of more than one political party at the same time.”

Clause (9) stipulates that “Where it is established that a person is registered as a member of more than one political at the same time, such dual membership shall be void, and the person shall cease to be recognised as a valid member of any political party pending regularisation in accordance with the provisions of this Act and the constitution of the political party concerned.

Clause (10) stipulates that “A person who knowingly registers or maintains membership in more than one political party at the same time commits an offence is liable on conviction to a fine of N10,000,000 or to imprisonment for a term of two years, or both.”

 

 

 

Continue Reading

Trending