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Release $717.4m trapped funds to foreign airlines, Senate Urges CBN

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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.

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President Tinubu returns to Lagos ahead of APC primaries tomorrow (Video)

Tinubu’s aircraft touched down at about 7:12 p.m. at the Presidential Wing of the Murtala Muhammed International Airport, Ikeja.

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• President Tinubu chats with African business leaders during the African CEO Forum in Nairobi, Kenya.

President Bola Tinubu on Friday arrived in Lagos after a three-nation visit to France, Kenya and Rwanda.

Tinubu’s aircraft touched down at about 7:12 p.m. at the Presidential Wing of the Murtala Muhammed International Airport, Ikeja.

A statement issued by his special adviser on information and strategy, Bayo Onanuga, said that the president was received by Lagos State Governor, Babajide Sanwo-Olu; Deputy Governor, Femi Hamzat; Chief of Staff to the President, Femi Gbajabiamila; Speaker of the Lagos State House of Assembly, Mudashiru Obasa; and other government officials.

President Tinubu, while in France, met with global investors, emphasising transparency and fiscal discipline and explaining the rationale for the swift implementation of the bold economic reforms his administration has instituted.

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Anxiety as chemical pollution affects 6 Ogun schools, 90 students

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Triggers Widespread Panic One Month After Similar Incident

More than 90 students across several secondary schools in Ijebu-Ode were hospitalised on Friday after a suspected chemical odour permeated the town, sparking panic among parents and residents.

Ohibaba.com learned that the pollution was caused by gas leak along the Agoro/Okunowa Road axis of Ijebu-Ode; the situation is now under control by the state environmental monitoring agency, and poses no further danger.

The incident occurred barely one month after a similar chemical odour episode at Our Lady of Apostles Girls School left several students hospitalised.

Eyewitnesses reported that a strange smell spread rapidly across parts of the ancient town, prompting parents and guardians to rush to schools to evacuate their children. Emergency responders moved over a thousand students from affected schools to the State Hospital, Ijebu-Ode, for medical attention.

Medical personnel at the hospital said many of the affected students complained of abdominal pain and related symptoms. Residents in surrounding communities and adjoining streets were also reportedly impacted by the unusual odour.

Affected schools include Our Lady of Apostles School, Anglican Girls Grammar School, Ijebu-Ode Grammar School, Sambadola Private School, Adeola Odutola Secondary School, and St. Anthony School, Esure, in Ijebu Mushin.

As of the time of reporting, no senior government officials had arrived at the State Hospital, where anxious parents and residents gathered in large numbers.

Ogun State Commissioner for Education, Prof. Abayomi Arigbabu, urged parents to remain calm, assuring them that medical personnel were attending to the students. He added that environmental officials from both federal and state agencies had been mobilised to investigate the situation.

The General Manager of the Ogun State Environmental Protection Agency (OGEPA), Hon. Kehinde Bello, disclosed that an air quality monitoring device installed at Ijebu-Ode Grammar School recorded elevated methane gas concentrations, with peak readings of about 13,500 ppm in surrounding areas.

Bello explained that the device was deployed under the state government’s environmental surveillance programme for early detection of abnormal air quality. He noted that while the methane level remains below the lower explosive limit, it is environmentally significant and requires urgent investigation.

The Ogun State Government has since activated a multi-agency team comprising environmental regulators, emergency responders, and technical air quality experts to assess the situation.

Bello advised residents to stay calm, continue normal activities, and avoid open flames or ignition sources in areas where unusual gas odours are noticed. He urged anyone experiencing symptoms such as dizziness, headaches, nausea, or respiratory discomfort to seek immediate medical attention at nearby health facilities.

The government assured the public of its commitment to protecting lives and public health, promising further updates as investigations progress.

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JUST IN: Dangote files new lawsuit against FGN over fuel import licences

The new filing asks the Federal High Court in Lagos to set aside import permits issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), arguing they breach an earlier order to maintain the status quo.

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Dangote Petroleum Refinery has filed a new lawsuit against Nigeria’s attorney general in a bid to overturn fuel import licences issued to ‌marketers and the NNPC state oil firm.

Reuters reported that the new filing asks the Federal High Court in Lagos to set aside import permits issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), arguing they breach an earlier order to maintain the status quo.

The case signals renewed tensions almost a year after Dangote withdrew an earlier lawsuit challenging similar licences.

That case sought to nullify import permits issued to the Nigerian ⁠National Petroleum Company and several traders.

NMDPRA did not immediately respond to a request for comment.

Regulators and marketers have previously argued imports are needed to ‌ensure ⁠adequate supply and prevent shortages.

Dangote said in the filing that the licences issued this month undermine its operations and contravene the law, which it argues allows imports only when domestic supply falls short.

Dangote ⁠ended the earlier lawsuit in July 2025 without explanation, leaving unresolved questions over competition and supply in one of Africa’s largest fuel markets.

Nigeria ⁠has long relied on petrol imports due to underperforming state refineries. Dangote’s $20 billion facility, with a capacity of 650,000 barrels ⁠per day, was billed to end that dependence, but imports have continued to cover supply gaps as the refinery ramps up output.

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