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Release $717.4m trapped funds to foreign airlines, Senate Urges CBN
The central Bank of Nigeria on Wednesday has been asked to release trapped $717,478,606 airlines funds in the country.
The Senate made the call to CBN while also allocating the sum of $25 million to airlines operating in Nigeria at its fourth-nightly dollar auction.
These resolutions were reached sequel to the consideration of a motion titled, ‘Current Issues on airlines blocked funds in Nigeria’, sponsored by Sen. Biodun Olujimi (PDP-Ekiti) at the plenary in Abuja and chaired by the Senate Committee on Aviation.
The vice chairman of the committee, Sen. Bala Na’Allah (APC-Kebbi) presented the motion on behalf of Olujimi.
The upper chamber of the National Assembly also called on the Federal Government to urgently reverse the current trend of increasing airlines blocked funds in Nigeria.
It called on President Muhammadu Buhari to direct the CBN Governor, Godwin Emefiele, to pay up the blocked funds to the affected airlines.
The Senate further appealed to the airlines operating in the country not to withdraw their services, saying efforts were ongoing to resolve the issue.
Moving the motion, Na’Allah said since January 2021, Nigeria has been the most challenging country in the world for the airlines to repatriate their funds to support their operation.
In February, Nigeria alone accounted for 44 per cent of total airlines blocked funds in the entire world.
The total airlines blocked funds in Nigeria as of March amounted to $717.4 million comprising matured bids that the CBN was yet to deliver, bids yet to mature, and cash balances in airlines’ accounts for repatriation.
News
“We’ve dismantled 62 criminal camps in Anambra” — Soludo
Soludo said that in an attempt to stamp out criminality in the state and ensure it is secure, he set up a vigilante group called Agunechemba, as well as the anti-cult group and the anti-touting body, adding that the different groups are working collaboratively and very effectively.
The Anambra State Governor, Prof. Chukwuma Soludo, said on Wednesday that his administration has destroyed over 62 criminal camps in the state.
The governor also said the Southeast geopolitical zone lost heavily from the sit-at-home order declared by the Indigenous People of Biafra (IPOB) over the incarceration of Mazi Nnamdi Kanu, with some people diverting their businesses and investments outside the zone as a result.
He added, however, that with the stoppage of the sit-at-home, over 45,000 shops reopened on Monday at Onitsha Main Market, with business activities at their peak and traders in jubilation.
Professor Soludo stated this while speaking with State House correspondents after a closed-door meeting with President Bola Tinubu at the Presidential Villa, Abuja.
Soludo said that in an attempt to stamp out criminality in the state and ensure it is secure, he set up a vigilante group called Agunechemba, as well as the anti-cult group and the anti-touting body, adding that the different groups are working collaboratively and very effectively.
He said: “When I assumed office, so far since I came into office, about 62 criminal camps have been dismantled in Anambra, and we’re not resting for one second. In Anambra, we pride ourselves on being the safest — if not, modestly, one of the safest — states in the country, and security is key.
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FG orders NAFDAC to halt sachet alcohol ban enforcements
The directive, a joint intervention by the Office of the Secretary to the Government of the Federation OSGF and the Office of the National Security Adviser ONSA, cited grave concerns over economic stability and potential security threats.
The Federal Government has ordered the National Agency for Food and Drug Administration and Control (NAFDAC) to immediate cease all enforcement actions regarding the ban on sachet alcohol and 200ml PET bottle products.
The directive, a joint intervention by the Office of the Secretary to the Government of the Federation OSGF and the Office of the National Security Adviser ONSA, cited grave concerns over economic stability and potential security threats.
Both offices warned that continued enforcement, in the absence of a fully implemented National Alcohol Policy, could “destabilize communities, worsen unemployment, and trigger avoidable security challenges.”
In a statement released by Terrence Kuanum, Special Adviser on Public Affairs to the SGF, the government clarified that while the National Alcohol Policy has been signed by the Federal Ministry of Health under the direction of President Bola Tinubu, NAFDAC must refrain from sealing factories or warehouses until the policy is fully operationalised.
The SGF and NSA emphasized that the current “de facto banning” of these products without a harmonized framework is creating significant disruptions.
“The continued sealing of warehouses and de facto banning of sachet alcohol products… is already creating economic disruptions and poses a growing security threat, particularly given the impact on employment, supply chains, and informal distribution networks across the country,” the statement warned.
The OSGF further revealed that its decision was influenced by correspondence from the House of Representatives Committee on Food and Drugs Administration and Control, dated November 13, 2025.
The letter, signed by Deputy Chairman Hon. Uchenna Harris Okonkwo, highlighted existing National Assembly resolutions that cautioned against the proposed ban.
Reaffirming a previous suspension issued in December 2025, the OSGF stated its role in reviewing legislative, public health, and economic factors before a final decision is reached.
Accordingly, all actions, decisions, or enforcement measures relating to the ongoing ban on sachet alcohol are to be suspended pending the final consultations and implementation of the National Alcohol Policy and the issuance of a final directive,” the statement emphasised.
The Federal Government also took the step of declaring any unauthorized actions by NAFDAC as “invalid,” urging the public and industry stakeholders to disregard any enforcement measures not cleared by the OSGF.
The statement assured Nigerians that a “final, balanced, and lawful decision” would be communicated in due course, prioritizing public health alongside national security and economic stability.
News
Plane Crash Averted as Arik Air Flight to Port Harcourt Diverts Safely After Engine Issue Mid-Air
A potential aviation disaster was narrowly avoided today when an Arik Air Boeing 737-700 aircraft, en route from Lagos to Port Harcourt, experienced a serious engine problem mid-flight and made an emergency diversion to Benin Airport.
The aircraft, registration number 5N-MJF and operating as Flight W3 740, was descending toward Port Harcourt International Airport when the crew heard a loud bang from the left engine.
The incident occurred during the cruise or descent phase, prompting the pilots to declare an emergency and divert the plane as a precautionary measure.
According to statements from the Nigerian Safety Investigation Bureau (NSIB) and Arik Air, the flight crew detected abnormal indications on one of the engines.
The plane landed safely at Benin Airport without further incident, and all passengers and crew approximately 80 people onboard disembarked normally with no injuries reported.
The NSIB has launched an investigation into the engine anomaly, with preliminary observations indicating significant damage to the affected engine based on initial visual assessments at Benin Airport.
Arik Air confirmed the safe handling of the situation, emphasizing that the diversion was carried out following standard safety protocols. Arrangements were made for the affected passengers to continue their journey.
The incident underscores the critical importance of crew training and aircraft maintenance in Nigeria’s aviation sector, where quick decision-making by pilots has once again prevented a potential tragedy.
Authorities are expected to provide further updates as the probe continues.
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