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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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Airport Access Gates: FG Approves Cash and FAAN Go Cashless Cards for Payment

The statement also noted that motorists who already possess FAAN Go Cashless Cards can continue using them until further notice.

In addition, other electronic payment channels, including Point-of-Sale (POS) terminals and approved digital platforms, will remain available

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The Federal Government has directed the Federal Airports Authority of Nigeria (FAAN) to accept both cash and electronic payments at airport access gates nationwide, as part of efforts to ease traffic congestion.

The directive followed a meeting between the Minister of Aviation and Aerospace Development and officials of the FAAN, alongside senior officials of the ministry, on Tuesday.

The move comes after President Bola Ahmed Tinubu ordered the suspension of the full cashless payment system at airport access gates following complaints that it had caused traffic gridlocks.

In a statement issued in Abuja by the minister’s Special Adviser on Media and Communications, Tunde Moshood, the government has resolved to gradually transition to a fully automated payment system at airport access points.

As part of the interim measures, the ministry announced that a hybrid payment system allowing both cash and card payments will take effect at all airport access gates from March 13, 2026.

The statement also noted that motorists who already possess FAAN Go Cashless Cards can continue using them until further notice.In addition, other electronic payment channels, including Point-of-Sale (POS) terminals and approved digital platforms, will remain available

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LASEMA Cautions Social Media Platforms Against Circulating False News

LASEMA Permanent Secretary, Dr. Olufemi Damilola Oke-Osanyintolu, made the call today following his visit to a collapsed three-storey school building at Yemco Schools, Daycare Nursery, Primary and Comprehensive College, located at 11, Adu Street, Behind County Hospital, Aguda, Ogba, Lagos State.

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The Lagos State Emergency Management Agency (LASEMA) has cautioned news platforms, especially social media against the circulation of misleading information.

LASEMA Permanent Secretary, Dr. Olufemi Damilola Oke-Osanyintolu, made the call today following his visit to a collapsed three-storey school building at Yemco Schools, Daycare Nursery, Primary and Comprehensive College, located at 11, Adu Street, Behind County Hospital, Aguda, Ogba, Lagos State.

He said : “In situations like this, inaccurate reports and exaggerated claims can create unnecessary panic within the public.

“We urge members of the public and media platforms to rely only on verified information released by official government agencies such as LASEMA and other authorized emergency management bodies.

Spreading unverified information during emergencies can hinder response operations and misinform the public.

” First and foremost, I want to reassure the public that this incident did not result in any loss of life.”

He emphasised:” After careful assessment and rescue operations, I can confirm that all individuals within the vicinity of the building were accounted for and no casualties were recorded. Because no lives were lost, we categorize this situation not as a disaster but as an emergency incident, which was quickly managed through coordinated response efforts.”

According to him, emergency responders from the Lagos State Emergency Management Agency and other first responders were immediately deployed to the scene to conduct a thorough search and safety assessment.

Our emergency teams promptly secured the environment, carried out safety checks, and ensured that there were no trapped victims within the structure.

The safety of residents, students, and staff remains our top priority.

The Lagos State Government remains committed to protecting lives, ensuring rapid emergency response, and maintaining public safety across the state.

We will continue to work with relevant authorities to assess the structural integrity of buildings across Lagos and enforce safety regulations where necessary.

Once again, I want to reassure residents that the situation has been fully contained and there is no cause for alarm.”

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IGP Disu Wears New DIGs Insignia

Disu, during the ceremony today urged the new Deputy Inspectors-General of Police to uphold discipline, integrity and professionalism in the discharge of their duties.

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• IGP Tunji Disu

The Inspector-General of Police, Olatunji Disu has decorated the newly promoted senior officers at the Nigeria Police Force Headquarters in Abuja .

Disu, during the ceremony today urged the new Deputy Inspectors-General of Police to uphold discipline, integrity and professionalism in the discharge of their duties.

He said the elevation to the rank of Deputy Inspector-General of Police was not merely the wearing of new insignia but a recognition of years of dedicated service and a call to greater responsibility in the leadership of the force.

Disu emphasised that the rank represents one of the highest levels of professional trust within the police and demands wisdom, courage and a strong commitment to justice and service.

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