Business

FCCPC insists on Air Peace investigation over violations

Published

2 years ago

December 5, 2024

526 Views

The Federal Competition and Consumer Protection Commission has insisted that it is investigating Air Peace for allegedly exploiting customers.

FCCPC disclosed this in a statement by its spokesperson, Ondaje Ijagwu, on Thursday.

The Commission was clarifying reports making the round that it is not investigating Air Peace.

However, the FCCPC told Nigerians to disregard the claim as it does not emanate from the Commission.

“The Federal Competition and Consumer Protection Commission (FCCPC) categorically refutes a story entitled “FG not investigating Air Peace—FCCPC” making the rounds on some media platforms, particularly online, which has been falsely attributed to the Commission.

The referenced story, which seems syndicated and sponsored, did not emanate from the FCCPC, and we advise the public to disregard it in its entirety.

The FCCPC stands firmly by its official release dated December 1, 2024, which announced enquiries into widespread consumer complaints in the banking, telecommunications, and aviation sectors.

As stated, Air Peace is one of the entities being engaged to address allegations of exploitative ticket pricing, including significant price hikes for advance bookings on specific domestic routes.

These enquiries, being conducted under the Federal Competition and Consumer Protection Act (FCCPA) 2018, are focused on addressing poor service delivery, exploitative practices, and potential consumer rights violations.

The enquiries are structured engagements aimed at ensuring compliance with regulatory standards, improving transparency, and protecting consumer interests.

“The FCCPC reaffirms that the enquiry into Air Peace commenced as scheduled on December 3, 2024, and remains ongoing.

The Commission is reviewing information and responses being provided by Air Peace and other entities under inquiry.

Appropriate determinations will be made, and necessary actions taken to address any identified violations.

“We urge the public to rely solely on verified communications from the FCCPC,” the Commission stated.

Business

Court jails illegal forex dealer two months

The EFCC stated that the defendant pleaded guilty after the charge was read to him.

Published

22 hours ago

August 5, 2026

OCHEFA

23 Views

A Federal High Court sitting in Ikoyi, Lagos, has convicted and sentenced a bureau de change operator, Dabo Malam Ardi, to two months’ imprisonment for engaging in illegal foreign exchange transactions.

The Economic and Financial Crimes Commission, in a statement on its official X account , said that Ardi was arraigned before Justice F. N. Ogazi by the Lagos Zonal Directorate 1 of the EFCC on a one-count charge bordering on illegal foreign exchange transactions.

The charge read, “That you, Dabo Malam Ardi, sometime in 2026 in Lagos State, within the jurisdiction of this Honourable Court, engaged in a foreign exchange transaction other than through the official foreign exchange market and thereby committed an offence contrary to Section 11(1)(a) of the National Economic Intelligence Committee (Establishment, etc.) Act, 1994, and punishable under Section 11(2) of the same Act.”

The EFCC stated that the defendant pleaded guilty after the charge was read to him.

Following the guilty plea, the prosecution counsel, S. I. Suleiman, reviewed the facts of the case and urged the court to convict and sentence the defendant accordingly.

Justice Ogazi subsequently found Ardi guilty and sentenced him to two months’ imprisonment, with an option of an N80,000 fine.

Business

Zenith Bank sends cyber-attack alerts to customers

It warned customers to ignore suspicious emails, text messages, and phone calls requesting sensitive banking information.

Published

22 hours ago

August 5, 2026

OCHEFA

25 Views

Zenith Bank has confirmed that hackers gained unauthorised access to part of its database, exposing limited customer information.

The bank says funds and accounts remain safe, and its banking systems have not been compromised.

The disclosure came in an email to customers on Tuesday, part of a coordinated global campaign targeting organisations across multiple sectors.

Zenith Bank said the attackers accessed a limited amount of customer information, including email addresses and phone numbers.

According to the bank, there is no evidence that hackers reached customers’ accounts, passwords, PINs, One-Time Passwords (OTPs), or funds.

The statement reassured customers that mobile and internet banking platforms, ATMs, and digital channels remain secure and fully operational.

Zenith Bank said it immediately activated its incident response protocols and cybersecurity safeguards after detecting the breach.

Investigations are ongoing, with security teams working to determine the full scope and strengthen protections against future threats.

The lender urged customers to stay vigilant against phishing attempts that often follow data breaches. It warned customers to ignore suspicious emails, text messages, and phone calls requesting sensitive banking information.

As reported by TheCable, Zenith Bank also reminded customers never to disclose passwords, PINs, OTPs, card details, or other security credentials to anyone, regardless of claims that the request comes from the bank. Cybersecurity experts have long warned that stolen contact details are often used for targeted phishing campaigns.