Business
‘Stop deviating from subject matter’ — lawmaker responds to Sirika’s claim of ‘5% stake’ in Nigeria Air
Nnaji Nnolim, former chairperson of the house of representatives committee on aviation, has described the allegation that he requested for five percent equity in Nigeria Air as spurious.
Hadi Sirika, former minister of aviation, made the allegation while speaking on Arise TV on Sunday.
“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,” Sirika had said.
The former minister was responding to the lawmaker’s remarks that the launch of the national carrier was “fraudulent”.
Reacting to Sirika’s claim, Nnolim, in a statement on Sunday, said the former minister came up with the claim because “I remained consistent in demanding that he followed due process”.
He said the committee had commenced a probe of the former minister and his team since last year.
“Ordinarily, l would not have bothered to reply to his allegations of my demand for five percent equity in Nigeria Air as he claimed during his interview on Arise Television but l believe l owe my constituents and indeed Nigerians, a duty to put the records straight,” he said.
“It is on record that last year when the minister announced Ethiopian Airlines as the core investor in Nigeria Air, my committee which was also inundated with petitions from various stakeholders regarding that announcement invited the minister and his team to furnish the committee with the details of the project.
“The committee requested the evidence of the bid process that gave Ethiopian Airlines the award and the full business case as prepared by the Nigerian Infrastructure Concession Regulatory Commission (ICRC) which was supposed to spell out the details of all the investors and their equity contributions.
“Sirika at that meeting said the full business case was still being worked out by the ICRC and promised to make it available to the committee as soon it was ready which he failed to do before Airline Operators of Nigeria (AON) took the ministry to court and got injunction restraining it from going ahead with the project.”
The lawmaker said all enquiries were suspended to avoid court contempt.
Nnolim said he also had an encounter with the former minister when there was a threat of mass resignations by key personnel of the Nigeria Civil Aviation Authority (NCAA) due to pressures from the ministry to give waivers to Nigeria Air to enable it to secure air operators certificate (AOC).
He added that the ploy was for the national carrier to “take off before the exit of the last administration of President Muhammadu Buhari”.
“I quickly issued a statement warning the former minister against subverting the authority of NCAA because of its severe consequences on Nigeria’s air transport sector,” he said.
“It is also common knowledge that the Nigerian institutional investors he mentioned as participants have all denied him.
“It is not strange that Sirika came up with this spurious allegation against my person because l remained consistent in demanding that he followed due process. He should not deviate from the subject matter. Let him tell Nigerians the truth about the contraption he sold to us as Nigeria Air.”
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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