Connect with us
Maduka University Advert

News

$600m trapped fund: IBA, Lufthansa, other foreign airlines to pull out of Nigeria

Published

on

Maduka University
The Federal Government’s inability to allow foreign airlines operating in the country’s airspace to repatriate their funds might in the coming days force them to suspend their operations in Nigeria.
As at July ending, the funds of over 20 foreign airlines had risen to over $600 million, and stakeholders have maintained that if the development was left unchecked, the fund could hit $1 billion before the end of 2022.

Following complaints of trapped funds, the United Arab Emirates, UAE, flag carrier, Emirates airlines, disclosed that effective from September 1, 2022, it would suspend operation in Nigeria’s airspace.

The Nigerian Civil Aviation Authority, NCAA, in response to the development, maintained that the move by Emirates airline was legitimate.

This is even as the Aviation Minister, Hadi Sirika, assured yesterday that the federal government was doing everything possible to resolve the issue.

Emirates which has taken the first step, said in a letter transmitted to the Minister of Aviation yesterday that it would, with effect from September 1, suspend operations to the country, citing its inability to repatriate the over $85 million trapped in Nigeria.

Advertisement

The airline’s statement read: ”Emirates has tried every avenue to address our ongoing challenges in repatriating funds from Nigeria, and we have made considerable efforts to initiate dialogue with the relevant authorities for their urgent intervention to help find a viable solution.

”Regrettably, there has been no progress. Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.

”We sincerely regret the inconvenience caused to our customers, however the circumstances are beyond our control at this stage. We will be working to help impacted customers make alternative travel arrangements wherever possible.

”Should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, we will of course re-evaluate our decision. We remain keen to serve Nigeria, and our operations provide much needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai and to our broader network of over 130 destinations.”

Although British Airways refused to disclose the amount of its money trapped in the country, Vanguard gathered that it was also in the region of $85 million.

Advertisement

A source disclosed that the airline is equally mulling the idea of stopping operations to Nigeria but failed to disclose when this would happen.

Same, it was learned yesterday, applied to some other foreign airlines operating flights into the country.

It’s a legitimate demand – NCAA

Reacting to the development, NCAA spokesman, Mr Sam Adurogboye, said if Emirates, as a foreign airline, decided not to fly into Nigeria, it was a government-to -government decision.

“Their demand is legitimate. If you travel to another country to put up an investment, you will need to transfer your money back to your country.

Advertisement

“The airline is running a business. The government may need to invite them for talks and look for a way of assisting them in managing the development,” he said.

Fund to hit $1bn in December – Experts

Also reacting yesterday, the principal managing partner, Avaero Capital Partners, Sindy Foster, noted that the combined total of fund trapped was $600m as  at this month.

She said: “If this fund is left unchecked, it could reach $1billion by the end of 2022. Emirates has taken this action to prevent their losses increasing further.

“I think other airlines will wait to see if there is any movement by the Nigerian government first. No one would want to stop a route at one of the busiest times when we are still coming out of fallout of the COVID pandemic. But airlines are run on a commercial basis.

Advertisement

“If the ‘math is not matching’, they will take a view and adapt to the situation they find themselves in. There are other routes that aircraft and personnel could be deployed to, where their funds are not blocked and are available to them for use in a reasonable time frame. If no resolution is found, it is quite likely other airlines will follow the path chosen by Emirates.”

On his part, the Group Managing Director of Finchglow Holdings, Bankole Bernard, stated that this was not the first time foreign airlines were facing the issue of trapped funds.

“This also happened, I think in 2016 when the total trapped fund of the airlines was far higher than whatever we have now – it was about $750m then and they were making a particular comparison because as at that time Venezuela was also going through the same challenges and they owed a lot more, to the extent that Lufthansa had to stop flying to Venezuela.

“Then, some of the things we noticed were reduced capacity, air tickets became more expensive and that is exactly what we are seeing now. But, one critical reason they are more agitated is that in 2016, after their money was held back without being repatriated, Nigeria devalued its currency and as a business person, they felt that if they had taken their money out, they would not have been affected by the devaluation.

“So, that is the fear they are nursing now because if the currency is devalued, it means that they would have lost several per cent of that money they intend to repatriate.

Advertisement

“The only way we can reduce or stop this agitation is that there should be a communiqué from the government, which will give them some assurances that the country is not planning to devalue and this won’t affect them and that they will repatriate their money as it were.”

Stop the subtle blackmail, stakeholder tell Emirates

However, s stakeholder who pleaded anonymity, questioned what he described as blackmail of Emirates in Nigeria over the planned halt of operations into the country.

He said:  “Please do not succumb to the blackmail of Emirates and their sponsors from within. The country cannot and will not manufacture dollars for them to repatriate their so called over $80 million in Nigeria.

”When they were competing devilishly to outdo an indigenous carrier, the only airline doing direct flight to Dubai, didn’t they know of the dollar situation here before embarking on having multiple frequencies into Nigeria.?

Advertisement

”They do two flights out of Lagos daily and one out of Abuja daily, bringing the total to three daily flights into Nigeria and 21 flights every week,”

“Once they heard a Nigerian airline was about to start flying to Dubai, they applied to increase the Lagos frequency to three flights daily, just to stifle the airline  and dominate the route. They didn’t need all these flights but they increased frequency to stifle competition. Nigerians are even angry at the figures they are publishing; they feel having been ripped off by Emirates.”

Emirates: FG doing everything to resolve crisis, $85m not blocked – FG

Meanwhile, the federal government said yesterday it was working hard to address the imminent stoppage of flight operations into the country by Emirates Airlines.

Special Assistant on Public Affairs to Hadi Sirika, Minister of Aviation, James Odaodu, said there was hope that Sirika’s effort would bring about a quick resolution of the challenges faced by Emirates and other foreign airlines in the shortest possible time.

Advertisement

He said: “It is an unfortunate situation and the minister is greatly concerned, just as he is concerned about the difficulties faced by domestic operators. It is hoped that, with the efforts of the Minister, the issue will be resolved sooner rather than later.”

Odaodu, however, dismissed claims that the revenues generated by the airline were blocked, noting that the challenge with the funds was that of repatriation.

“Who withheld the money? That they are unable to repatriate their funds doesn’t amount to withholding by government. As much as the Minister of Aviation has tried to assist them with relevant bodies to facilitate their access to forex, it should be noted that the issue does not fall among the responsibilities of the Ministry of Aviation,” he added.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Kaduna NPC Commissioner Presents Permanent Appointment Letters to Three Youths

Published

on

Maduka University

The Federal Commissioner representing Kaduna State at the National Population Commission (NPC), Hon. Sa’adatu Garba Dogonbauchi, has presented letters of permanent and pensionable appointment to three youths drawn from different local government areas of the state.

The presentation, according to a statement issued by Dogonbauchi, is aimed at expanding employment opportunities for young people and supporting youth empowerment in line with the Federal Government’s development objectives.

The beneficiaries are Shamsuddeen Abdulaziz Bagi from Igabi Local Government Area, Abdulfatah Abdulwakil from Kaduna South Local Government Area, and Aisha Adamu from Birnin Gwari Local Government Area.

Speaking during the presentation, Dogonbauchi described the appointments as more than an administrative exercise, saying they provide beneficiaries with an opportunity to build sustainable careers in public service while improving their economic prospects and contributing to national development.

She said the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises employment generation, economic empowerment and improved living standards for Nigerians.

Advertisement

The NPC commissioner expressed appreciation to President Tinubu for the opportunity to serve and represent Kaduna State, pledging to continue supporting programmes that create opportunities for young people and strengthen public institutions.

She also acknowledged Kaduna State Governor Uba Sani, Speaker of the House of Representatives Abbas Tajudeen, and Hon. James Abiodun Faleke for their support, which she said contributed to her appointment and service.

Dogonbauchi urged the new employees to discharge their duties with discipline, integrity and professionalism, while adhering to public service rules and serving as worthy representatives of their communities.

She congratulated the beneficiaries and encouraged them to justify the confidence reposed in them through excellence, accountability and dedication to public service.

Advertisement
Continue Reading

News

Rep Obi Aguocha Under Fire Over His Video Featuring Sexually Denigrating Song Against Women

Published

on

Maduka University

Hon. Obi Aguocha, member representing Ikwuano/Umuahia North/Umuahia South Federal Constituency in the House of Representatives, is facing mounting criticism and backlash over his video in which he is seen singing and vibing to a sexually vulgar and demeaning song against women.

 

In the video, which is currently making the rounds online and in Ikwuano/Umuahia WhatsApp groups, Aguocha is clearly seen singing and enjoying the Ogele cultural song, whose lyrics reduce women to objects of sexual gratification.

 

The footage was reportedly recorded at a public gathering that had families in attendance, including children, a detail that has intensified the backlash.

Advertisement

 

The song, performed in the Ogele cultural music tradition associated with communities in Abia State, has sparked outrage among women and women’s groups who say the lyrics are not just vulgar but deeply degrading.

 

“This is not culture. This is humiliation dressed in tradition,” said Mrs. Ngozi Ibe, a women’s leader in Umuahia North. “We have watched the video. The words used against women in that song are not the kind of thing any serious leader should be associated with. A lawmaker representing our constituency should be defending our dignity, not promoting content that strips women of it.”

 

Advertisement

Another woman, a trader in Umuahia South who identified herself simply as Madam Grace, said the video had caused deep anger among market women.

 

“We heard about it and we watched it. Many of us were shocked. You cannot claim to represent women and then be seen singing and vibing to a song where women are being insulted in the most vulgar way. We are not laughing. We are insulted,” she said.

 

A coalition of women’s groups in the constituency, under the aegis of the Ikwuano/Umuahia Concerned Women’s Forum, also issued a statement condemning the video.

Advertisement

 

“The lyrics go beyond ordinary expressions of affection. They employ vulgar sexual references that reduce women to objects and make our sexuality the subject of degrading entertainment. For a serving federal lawmaker to be seen actively singing and enjoying such content is a serious indictment on his judgment and his respect for the women he claims to represent,” the group said.

 

The women’s forum also expressed concern over the presence of children at the event.

 

Advertisement

“What message does it send to our children when a leader they look up to is seen celebrating a song that reduces women to sexual objects? This is not the kind of example we should be setting for the next generation,” the statement added.

 

“Ogele is our heritage. But heritage is not a licence for vulgarity. Culture should uplift, not humiliate. We call on Hon. Aguocha to explain his involvement in this video and to apologise to the women and families of Ikwuano/Umuahia,” the group said.

 

The controversy raises questions about the judgment expected of a public officeholder and the appropriateness of associating with content that many women and families could reasonably find offensive and humiliating.

Advertisement

 

Aguocha has not responded to requests for comment as of press time.

Continue Reading

News

National Assembly Receives Proposals for New LGAs as Lagos Seeks 37, Akwa Ibom Missing from Lis

Published

on

Maduka University

The National Assembly has reportedly received proposals for the creation of additional local government areas (LGAs) across Nigeria, with Lagos State seeking 37 new councils, while Akwa Ibom State is conspicuously missing from a published list of submissions.

The proposals, according to a report by The Insight Lens Project, cover various communities across the country’s six geopolitical zones and reflect demands for administrative restructuring, improved grassroots representation and better access to government services.

However, the complete list of submissions has not been independently verified, and the proposals do not constitute approval for the creation of new local government areas.

In the North-East, the reported requests include Bidoma and Michika South in Adamawa State, Boi-Tapshin in Bauchi, Banki in Borno, Cham in Gombe, Gudi in Yobe and Wukari in Taraba State.

In the North-West, the proposed areas reportedly include locations in Jigawa, Piriga in Kaduna, Dankama in Katsina, as well as Moriki and other communities in Zamfara State.

Advertisement

The North-Central zone also features in the reported submissions, with proposals covering Agasha and other communities in Benue State, alongside several areas in Kogi, Kwara, Nasarawa, Niger and Plateau states.

In the South-East, the list includes Abiriba in Abia State, proposed councils around Obosi in Anambra State, several communities in Ebonyi State and numerous proposed local government areas in Imo State.

The South-West proposals reportedly include Eso-Obe and Gbonyin in Ekiti State, Ogijo and other areas in Ogun State, as well as additional proposed councils in Osun and Oyo states.

Lagos State stands out with a reported request for 37 new local government areas, although the published report did not provide the names and proposed boundaries of all the councils.

In the South-South, the reported proposals include Akassa and other communities in Bayelsa State, Ughievwen in Delta State, several areas in Edo State, and Ataba, Evo and Alesa in Rivers State.

Advertisement

Cross River State is also listed, with proposed councils around Mbube and Calabar. Akwa Ibom State, however, has no clearly identified entry in the published list, raising questions about whether the state submitted proposals or was omitted from the report.

Constitutional Requirements

The creation of new local government areas is governed by Section 8 of the 1999 Constitution of Nigeria, which prescribes a series of procedures involving consultations, a referendum, legislative approval and the submission of relevant records to the National Assembly.

The constitutional process must be completed before newly created councils can be recognised and reflected in the relevant constitutional schedules.

Consequently, proposals submitted by states or communities do not automatically translate into legally recognised local government areas.

Advertisement

The reported development comes amid broader constitutional review efforts by the National Assembly. In October 2025, the legislature reported receiving 278 requests for additional local government areas and 55 proposals for the creation of new states.

Nevertheless, the specific state-by-state submissions contained in the latest published list, including Lagos State’s reported demand for 37 additional councils and the absence of Akwa Ibom, remain subject to confirmation through official National Assembly records.

The proposals, if confirmed, could reopen discussions on administrative boundaries, grassroots governance and the constitutional procedures required for the creation of additional local government areas in Nigeria.

Continue Reading

News

Onitsha North LG Boss Reads Riot Act to Traders, Residents Over Poor Sanitation

Published

on

Maduka University

By Okey Maduforo, Awka
The Mayor of Onitsha North Local Government Area of Anambra State, Ezennia Emelie Ibekwe, has issued a stern warning to traders and residents against indiscriminate dumping of refuse and blockage of drainage channels, threatening sanctions against those who fail to comply with sanitation directives.
Ibekwe, who handed down the warning during an inspection of Ajasa Market, expressed displeasure over the deteriorating environmental conditions in parts of the commercial city, describing the situation as unacceptable and detrimental to healthy living and business activities.
During the inspection, the Mayor observed that refuse and other waste materials generated from market activities were being dumped into drainage channels, obstructing the free flow of water and exposing traders, residents and their properties to flooding.
“This practice contributes to flooding whenever it rains, putting traders, residents and their properties at risk.
“An environment of this nature is not conducive to business and healthy living. It does not speak well of a commercial city that houses one of the largest markets in sub-Saharan Africa,” he stated.
Consequently, Ibekwe directed traders and other persons responsible for the blocked drainage channels to ensure their immediate clearance, giving them until the following day to comply.
He further announced that he would return to the market for another inspection to ascertain the level of compliance with the directive.
“People should be alive to their responsibilities by ensuring a clean and healthy environment. Government alone cannot handle this effectively without the active participation of residents and traders.
“I am going to come back here to see what you have done,” he warned.
The Mayor stressed that the sanitation directive was not restricted to Ajasa Market but extended to all markets within Onitsha North Local Government Area.
He consequently charged market leaders to take responsibility for enforcing environmental sanitation regulations within their respective markets, warning that the council would no longer tolerate practices capable of worsening flooding and environmental degradation.
“It is not only Ajasa Market but all the markets in Onitsha North Local Government Area. Market leaders should ensure that this directive is not compromised,” Ibekwe declared.

Continue Reading

News

C’River Speaker Ayambem Commissions Nde-Afi Community Market

Published

on

Maduka University

The Speaker of the Cross River State House of Assembly, Rt. Hon. Elvert Ayambem, has commissioned a community market in Afi, Ikom II State Constituency, as part of his commitment to sustainable development and improved living conditions in rural communities.

The project, facilitated and completed by the Speaker, was identified as one of the priority needs of the community following consultations by the Constituency Needs Assessment Team established by Ayambem to evaluate infrastructure and identify projects that would directly benefit the people.

The team was mandated to identify critical infrastructure capable of improving the livelihoods of residents and promoting sustainable economic growth across the constituency.

According to community members, the absence of a suitable trading environment had been a major challenge for years, forcing traders to conduct business under harsh weather conditions, including rain and intense sunshine.

Speaking on behalf of the community, the village head, Chief Etta Ekawor, commended Ayambem for the intervention, describing the market as a miracle and a blessing that would transform the fortunes of the people.

In his remarks, Ayambem expressed appreciation to the Cross River State Governor, Senator Bassey Edet Otu, for his continued support for people-oriented projects and development initiatives across rural communities in the state.

Advertisement

He also thanked the people for their patience, support for his leadership and commitment to the All Progressives Congress (APC).

The Speaker was accompanied by the member representing Yala I State Constituency, Hon. Brian Odey; the Vice Chairman of Ikom Local Government Area, Hon. Maurice Ndome; and the Assistant Financial Secretary of the APC in Cross River State, Hon. Akanya Agbor.

Other stakeholders from Nde Ward who attended the commissioning included the former Vice Chairman of Ikom Local Government Area, Hon. Asinya Ntan, and the Community Relations Officer, Hon. Abang Neji.

Matthew Okache
Chief Press Secretary to the Speaker
October 22, 2026

Advertisement
Continue Reading
Advertisement

Trending