Business

Security agents arrest three unruly passengers on Air Peace London-Lagos flight

Published

1 year ago

February 13, 2025

552 Views

Security operatives at Murtala Muhammed International Airport, Lagos, apprehended three unruly passengers on Wednesday, February 12, 2025, following disruptive behavior aboard an Air Peace flight from London, which endangered the safety of passengers and crew.

Air Peace spokesperson and Head of Corporate Communications, Dr. Ejike Ndiulo, confirmed the incident in a statement on Thursday, adding that security agencies are investigating the matter, and legal action is expected.

According to Ndiulo, the disruption began mid-flight when two passengers, Adedigba Adewale and Ashibogu Magnus, originally seated in Economy Class, unlawfully occupied Business Class seats and refused multiple instructions from the crew to return to their assigned seats.

Despite efforts to de-escalate the situation, the individuals remained defiant, creating a tense atmosphere onboard.

The passengers further violated flight regulations by consuming a bottle of rum they had brought on board.

A third passenger, Iwonze Benjamin, joined them in drinking and also exhibited unruly behavior.

He said: “This furthermore exacerbated their unruly conduct. Their behaviour raised security and safety concerns among passengers and crew, prompting the captain to make repeated announcements from the cockpit.

“Recognizing the potential threat, the flight crew notified security agencies in Nigeria ahead of arrival. Upon landing, law enforcement officials were on the ground to apprehend the individuals who were taken into custody for further investigations.

“Air Peace has reiterated its commitment to passenger safety and adherence to global aviation standards. The airline emphasized that any form of disruptive behaviour will not be tolerated and assured the public of its continuous efforts to uphold the highest levels of security and order on all flights.

“Air Peace praised its crew for their professionalism in handling this threat to safety in a way that prevented a worse event from occurring.”

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Cardoso Urges Banks To Lend Out Idle Funds With CBN * Retains MPR at 26.5%

Cardoso made the call on Tuesday after the 306th Monetary Policy Committee (MPC) meeting held in Abuja from July 20 to July 21.

Published

3 hours ago

July 21, 2026

OCHEFA

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The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso , urged banks from keeping idle funds with the apex bank and encouraging increased lending into the economy.

Cardoso made the call on Tuesday after the 306th Monetary Policy Committee (MPC) meeting held in Abuja from July 20 to July 21.

The apex bank retained the Monetary Policy Rate (MPR), also known as benchmark interest rate, at 26. 5 percent.

This decision marks the second consecutive retention of the MPR at 26.5 per cent, following a 50-basis-point reduction in February from 27 per cent.

“The committee’s decision to maintain the current policy stand follows a thorough assessment of the balance of risk,” said Cardoso.

He emphasised that although headline inflation moderated marginally in June 2026, global uncertainties have heightened due mainly to the renewed hostilities in the Middle East.

The MPC also adjusted the asymmetric facilities corridor around the MPR to +50/-450 basis points—a move aimed at discouraging banks from keeping idle fund with CBN.

Furthermore, the committee maintained the Cash Reserve Ratio (CRR) for commercial banks at 45 per cent, retained the rate for merchant banks at 16 per cent, and kept the CRR on non-TSA public-sector deposits at 75 per cent for liquidity management considerations.

Cardoso said despite the global uncertainties, the Nigerian economy has “remained largely resilient to the external shocks”.

Business

CBN admits it opened domiciliary accounts for PFIPC agency

Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.

Published

12 hours ago

July 21, 2026

OCHEFA

20 Views

File photo : PFIPC agency DG, Adeniyi Adeyemi

The Central Bank of Nigeria had admitted that it opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC).

The apex bank made the confirmation, yesterday, during the public hearing convened at the National Assembly Complex by the House of Representatives Ad-hoc Committee investigating the existence and operations of the PFIPC, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas.

He explained that on July 30, 2025, CBN received a mandate dated July 29, 2025 from the Office of the Accountant-General.

“We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.

He explained the CBN’s verification process, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.

“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.

The department that handles the mandate is different from the department that actually does the account opening,” he said.

Nevertheless, he noted that no one came to activate the accounts after they were opened.“We did not receive any correspondence, mandate, signature or mandate cards. We were not introduced to the authorising or approving officers.“Based on that, those accounts remain inactive, with zero balance. There have been no foreign exchange allocations.