Business
Sirika alleges lawmaker demanded 5% stake in Nigeria Air
Hadi Sirika, former minister of aviation, says Nnaji Nnolim, former chairperson of the house of representatives committee on aviation, privately requested a five percent stake in Nigeria Air.
The former minister spoke when he appeared on Arise TV on Sunday.
Newsmen has contacted Nnaji for his response. “I’ll give my response soon. I am still busy with my this thing,” the lawmaker said when asked for comment.
Sirika had unveiled Nigeria Air — the national carrier — about three days before the end of former President Muhammadu Buhari’s administration.
Speaking on the launch, Nnaji had faulted the process leading to the unveiling of the airline, describing it as a “fraud”.
“A careful review of the process indicates the exercise to be highly opaque, shrouded in secrecy, shoddy and capable of ridiculing and tarnishing the image of Nigeria before the international community,” Nnaji had said.
However, Sirika responded that the committee chairman “and his people” had sought a minority interest in the national carrier.
“He (Nnaji) asked to give him five percent of Nigeria Air to carry him along with his people, and I said to him at that time that honourable, this is a bidding process that has taken place, and some people won. So, I think you should go to those people and ask for the five percent,” Sirika said.
“I want to assure you that at that point, even the five percent held by the federal government will go to market. So he should get his money ready and buy for him and his people, according to him.”
When asked to clarify what “his people” meant, the former minister said Nnaji could be referring to anybody — not necessarily other members of the lower chamber.
“He said he wants him and his people. His people could be his family, members and it could be leadership. I did not know what this meant, but he said he and his people needed five percent. I am saying that he should relax and approach the owners. That’s exactly what I told him in camera,” he said.
The former minister also berated Nnaji and the aviation committee for conducting a “predetermined hearing”.
“I was a member of the house of reps 20 years ago; 10 years ago, I was a senator. I know how the workings are. He called for a public hearing. And right after the public hearing, he just turned the paper and read the riot act,” he said.
“The practice in the national assembly is that after hearing people and the complaints, you sit down as a committee. The clerks will do their job, you will then sit down to discuss the issues, raise them, approach the whole house of reps and take position of the house plus leadership and come back and make your findings known; but you do not immediately read the riot act out. It means it is predetermined.”
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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