News
Why Air Peace has not gone public- CEO Allen Onyema
The Chief Executive Officer (CEO) of Sir Peace, Barrister Allen Onyema, , has said the airline is yet to go public because it is focusing on building a strong foundation first.
Onyema was addressing a question on financing options for the aviation industry as a panellist at the 2025 League of Airport and Aviation Correspondents (LAAC) conference.
He said the decision to remain private is driven by the desire to build a lasting legacy and protect the interests of staff and stakeholders.
“We want to build a legacy that will stand the test of time. Some people have told me I can get up to $100 billion with all the aircraft I have ordered,” the CEO said.
“If it is about money, I would have done that (listed) a long time ago. I would have gone to the public, maybe made money as some people advised me, and walk away. It is not about that.
“I am thinking about over 4,000 people who are working with Air Peace today. I am thinking of them.”
Onyema said one of the reasons for delaying listing on the capital market is to avoid external pressure from minority shareholders who could disrupt the company’s philanthropic and people-oriented operations.
“I am thinking of the people who would take us to court every day after investing just 0.5 percent,” he said.
“They may not allow us to continue some of the philanthropic things we do.”
The Air Peace boss added that going public remains in the long-term plans of the airline — but only after a solid foundation is in place.
When a company goes public, it offers shares to the public through a country’s stock exchange, like the Nigeria Exchange Group (NGX).
It allows organisations to raise funds without going to the banks, but also increases regulatory scrutiny and oversight.
News
Breaking: Court of Appeal rules in favour of Turaki -led PDP candidate for Osun governorship election
The Court of Appeal, Abuja Division, on Thursday, ruled that the Peoples Democratic Party, PDP Gubernatorial Candidate in Osun State was validly nominated by the Tanimu Turaki-led National Working Committee.
The court also ordered INEC to list the PDP logo on the ballot ahead of Saturday’s gubernatorial election.
The Court held that access code is neither a creation of the Constitution nor the Electoral Act; rather, a creation of INEC’s guidelines and cannot, in any way, override the provisions of the Constitution.
Section 288 of the Constitution does not specify the method for nominating candidates; it only states that the names of candidates should be forwarded to the Commission.
The court further held that the defendant (INEC) should take steps to include the name of the appellant on the ballot paper.
Additionally, the court ruled that the primary election conducted by the Tanimu Turaki-led National Working Committee (NWC) of the PDP was a valid primary election in law.
The three-man panel of justices—Justice Mahmud, Justice Jaro, and Justice Ankawere, was unanimous in its judgment.
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Breaking: NHRC sets up situation room to monitor and document hate speech, intimidation, threat to life ahead 2027
The national Human Rights Commission, NHRC, has set up a situation room to monitor and document all incidences of hate speech, intimidation and threat to life by politicians and other actors ahead of the 2027 general election.
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
The Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, revealed this on Thursday in Abuja at a press conference.
He said the situation room would enable the Commission harvest data, analysis and document persons, agencies and others involved in the negative statements in order to ensure they are properly tracked and brought to book by relevant agencies.
Ojukwu also took journalists on a tour of the newly set up situation room.
Details later…..
News
Breaking: NHRC expresses concern over rising incidences of hate speech, threat to life ahead 2027 elections
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
At a press conference in Abuja Thursday, the Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, recalled statements credited to Senator Francis Fadahunsi and Sheikh Yahya Jingir and described the das dangerous with capacity to set the nation ablaze.
He called on politicians, religious and traditional rulers, among other stakeholders to call their supporters and faithful to orders.
He urged government to act before rhetorics turn to violence, saying the forthcoming election in Osun State should serve as example of Nigeria’s capacity to conduct political contest in compliance with international best practices.
Details later…..
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