
News
FG to convert Arik, Aero Contractors to national carriers

The Asset Management and Corporation of Nigeria has said Arik and Aero Contractors airlines may be merged and converted to a national carrier.
The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, stated this on Monday at an interactive session with media executives in Lagos.
According to Alade, both Arik and Aero Contractor are owing so much money that they may not be able to pay.
He stated that the corporation presented the idea of converting Arik and Aero Contractor to the former aviation minister but it was rejected.
“The former management of AMCON presented the idea of converting Arik and Aero to a national carrier. But the former aviation minister did not buy the idea. We will present it again because that is the best option.
“Unfortunately, the special purpose vehicle that was created by the former management of AMCON for the conversion of Arik and Aero to a national carrier had been sold. But we can create another SPV this,” he explained.
Recall that the former Minister of Aviation, Hadi Sirika, launched the Nigeria Air three days before the end of former President Muhammadu Buhari’s administration.
The development had elicited concerns among stakeholders over the ownership arrangement which gave Ethiopian Airlines a 49 per cent equity stake in the company.
The Federal Government had a 5 per cent equity, while a consortium of three Nigerian investors had 46 per cent.
Reacting to the deal in June 2023, the House of Representatives asked the Federal Government to suspend the operations of Nigeria Air, describing it as a fraud.
In August 2023, the incumbent minister, Festus Keyamo announced that the national carrier project was suspended till further notice.
Keyamo said, “It remains suspended. It was never Air Nigeria. It was not Air Nigeria. That’s the truth. It was only painted Nigeria Air. It was Ethiopian Airlines trying to flag our flag.
“If it is so, why not allow our local plane to fly our flag? So nobody should dispute that it was Nigeria Air.
“Air Nigeria must be indigenous, must be wholly Nigerian, and must be for the full benefits of Nigeria, not that 50 per cent of the profit is for another country.”
Recently, a Federal High Court sitting in Lagos halted the sale of Nigeria Air to Ethiopian Airlines.
The court declared null and void, the sale of the shares of Nigeria Air to Ethiopian Airlines after determining the issues in the suit.
Justice Ambrose Lewis-Allagoa ordered that the Federal Government’s plans to establish a national carrier, Nigeria Air, should be halted.
The judgment was delivered in favour of the Registered Trustees of the Airline Operators of Nigeria and five other aviation industry stakeholders.
At the briefing on Monday, Alade said the present status of Arik and Aero Contractors had been giving him sleepless nights.
“Believe me, it is a very difficult problem to resolve, and it is giving me sleepless nights, particularly Arik.
“Arik is owing so much that they cannot pay,” he stated.
Speaking further, Alade said, “There is a way out. We have met all their major international creditors. Afreximbank is one of them. They (Arik) are owing Afreximbank about $52m.”
After negotiations, he said the airline was only willing to take $8.5m out of the $52m.
“However, where will that $8.5m come from? Where? AMCON doesn’t have money of his own to put there? And then they negotiated and said, okay, ‘let’s take some of the engines of those things away in full and final settlement’. And the truth is that, if they took those engines away, Arik is finished.
“But we said ‘no, we cannot allow you to take it away. Let AMCON give you a kind of bank guarantee. And we will stretch it so that three planes are flying now and by the Lord’s grace, by February next year, we want to make seven planes fly for Arik,” he stated.
The Nigerian Airspace Management Agency grounded aircraft owned by Arik over a court order instituted by the airline’s creditor and billionaire businessman, Arthur Eze.
Eze had approached the court in protest against his unpaid $2.5m by the founder of Arik Air, Johnson Arumemi-Ikhide.
In a statement by the spokesperson of NAMA, Abdullahi Musa, the agency said the development stemmed from an enforcement action by the FCT High Court on July 19, 2024, which involved attaching Arik’s planes to secure the debt.
In 2016, AMCON took over the management of Aero Contractors after it dissolved the board of the company, appointing a manager to run the affairs of the company in an interim capacity.
AMCON said in a statement by its media consultancy firm that the decision to take over the management of the company was in furtherance of its responsibility of acquiring eligible bank assets and putting them to economic use in a profitable manner.
Similarly, Arik Air, founded by Mr Arumemi Johnson, was taken over by AMCON in 2017 after the carrier’s management failed to honour its debt obligation running into several billions of naira.
AMCON had taken over debts from local banks owed by Arik.
Last year, the corporation asked the owners of Arik to present a credible debt resolution plan to the bad debts manager if it hopes to recover the company from the Federal Government.
AMCON’s asset recovery efforts
In a move to recover outstanding debts of nearly N5tn, Alade announced plans to engage international asset tracers to locate and recover assets hidden by recalcitrant debtors offshore including those masqueraded under special purpose vehicles.
Alade stated that since the new management took over about five months ago, they have successfully collected approximately N100bn from several high-profile debtors and revised the sale of some assets.
He emphasised that the organisation had been receiving strong support from President Bola Tinubu, the Central Bank Governor, the Federal Ministry of Finance, the Attorney General of the Federation, and the National Assembly in their efforts to recover debts transferred by banks to AMCON during the different phases of eligible bank asset acquisition.
The AMCON CEO mentioned that the chairman of the House Committee on Finance had pledged to name and shame obligors, who had yet to repay their debts at a major stakeholders’ conference that would be held before the end of the year.
He revealed plans to organise a conference where senior officials from the Central Bank of Nigeria, relevant ministries, banks, and the judiciary would be invited to discuss the challenges posed by non-performing loans in the country.
He expressed confidence that resolving issues surrounding assets in the oil and gas sector would boost production, generate more foreign exchange, and create employment opportunities for citizens.
He noted that the corporation had achieved remarkable results in two of those assets in less than five months.
In the power sector, he disclosed that AMCON had made significant progress in one of the biggest distribution companies and an abandoned power project in Kaduna.
Alade emphasised the potential impact of addressing power challenges in Nigeria, stating that some banks with approximately 400 branches across the country spend as much as N500bn annually on diesel for their generators.
He believed that tackling the power sector would significantly improve the overall business environment.
According to Alade, AMCON is also working on assets in the telecommunications sector, aiming to revive dormant assets and bring them back into operation.
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News
Governor Mbah Hails Chibuikem Emmanuel as Youth Entrepreneurship Reference Point, Commends Powell Homes’ Housing Investment


………..As Council Chairman, Traditional Ruler Applaud Quality of Work at Hosanna Estate, Ibagwa Nike.
Governor Peter Ndubuisi Mbah has praised the business prowess and vision of the Managing Director of Powell Homes and Shelters, Architect Chibuikem Onyekachi Emmanuel, calling him a reference point for youths in entrepreneurship.
Governor Mbah made this known Wednesday during the official commissioning of Hosana Estate, Ibagwa Nike, where he also commended Powell Homes and Shelters Ltd. for investing in the state’s housing sector.
The Governor, who was represented by his Deputy, Barr Ifeanyi Ossai, stated that such a gesture by an Enugu-born entrepreneur was part of the state government’s development agenda, driven by resilience and a determination to leave Enugu better than it was inherited.
He also commended the Managing Director of Powell Homes and Shelters Ltd. as well as other investors for committing resources to Enugu, describing their investments as an encouragement to the government’s drive to reposition the state.
Barr Ossai assured investors and residents that the administration of Governor Peter Ndubuisi Mbah would continue to provide a safe environment for businesses and communities to thrive.
According to him, “As government, our primary objective is to provide security for the people and I’m delighted with what I’ve seen about the estate,” he said, while encouraging the investors to cooperate with the estate management for effective management of the development.
He also assured residents that the government would continue expanding infrastructure across the state.
“On our part, we’ll keep expanding infrastructure and for all those we’ve not attended to, do not be disappointed, we’re already on that path and we’re progressing geometrically. However, I thank all the investors and assure you that as a government, we’ll continue to provide security for the state.”
Speaking at the event, the Chairman of Enugu East Local Government Area, Beloved-Dan Anike, commended Powell Homes and Shelters for choosing Ibagwa Nike for the project, noting that the ongoing dualisation of the road had positioned the area as an emerging urban centre.
He also stated that Powell Homes and Shelters Ltd. had “blazed the trail” by investing in what he described as a future goldmine, adding that the local government was committed to supporting the development agenda of Governor Mbah.
The council chairman also noted that housing developments such as Hosana Estate would contribute to addressing the country’s housing deficit, particularly in Enugu State.
The traditional ruler of Ibagwa Nike, His Royal Highness, Igwe Emma Ugwu, expressed satisfaction with the project, saying the community understood and supported the development initiatives of Powell Homes and Shelters Ltd.
He recalled that when members of the community approached him to make enquiries about the project, he assured them that it was consistent with the developmental agenda of Governor Mbah and the community’s quest to support genuine businesses.
“When my people came to my palace to make enquiries about the project, I assured them that it aligns with the developmental initiative of His Excellency, Dr Peter Ndubuisi Mbah, and that the company is genuine and reliable.”
The traditional ruler also thanked the Managing Director of Powell Homes and Shelters Ltd. for choosing Ibagwa Nike as the location for the estate, assuring him that the community would give their best to make the project a success.
In his remarks, the Managing Director of Powell Homes and Shelters Ltd., Architect Chibuikem Onyekachi Emmanuel, said the commissioning was more than the unveiling of another housing project, describing it as a celebration of vision, perseverance, partnership and purpose.
He attributed the successful completion of the project to the grace of God and the collective efforts of everyone who contributed to bringing the vision to reality.
“Today is not simply about commissioning another housing project. It is a celebration of vision, perseverance, partnership and the power of purpose. Above all, we acknowledge that it is by the grace of Almighty God that we have reached this point. What we are witnessing today is a reflection of His faithfulness and the collective efforts of everyone who contributed, in one way or another, to bringing this vision to reality.”
Architect Chibuikem Onyekachi Emmanuel, on behalf of the Board, Management and entire team of Powell Homes and Shelters Ltd., also appreciated Governor Mbah, represented at the event by Deputy Governor Ossai, for honouring the commissioning.
He explained that the company viewed housing as more than the construction of physical structures, describing a home as a source of security, dignity and stability for families.
“At Powell Homes and Shelters, we believe that housing is more than bricks, concrete and physical structures. A home represents security. A home represents dignity. A home provides stability for families. Access to decent housing contributes significantly to the development of healthy, productive and prosperous communities.”
He also posited that Hosana Estate was conceived as a planned and functional community designed to meet the needs of modern families rather than merely as a collection of houses.
He further stated that the estate was equipped with essential infrastructure and amenities, including internal roads, drainage systems, electricity infrastructure, recreational facilities, a synthetic football pitch and a children’s playground.
The Managing Director also acknowledged the significant housing deficit facing Nigeria and the financial difficulties confronting many families, saying the company was determined to make homeownership more accessible. He added that the company would continue to develop quality homes at affordable price points while exploring innovative financing models, strategic partnerships and appropriate housing solutions to enable more Nigerians and members of the organised private sector to own homes.
“The commissioning of Hosana Estate marked not an end but a new phase in the company’s expansion plans. While today marks the successful completion and commissioning of Hosana Estate, our journey does not end here. If anything, this achievement strengthens our resolve to do more. We are also committed to expanding our housing developments outside Enugu. This is because Powell Homes and Shelters Ltd. is committed to building more homes, developing more communities and expanding access to decent housing, not only in Enugu but in other parts of Nigeria where the need exists.”
News
Inclusivity: NOUN Matriculates 70 Prison Inmates at Special Study Centre, Enugu

The National Open University of Nigeria (NOUN) has matriculated 70 inmates enrolled in various undergraduate programmes at its Special Study Centre within the Maximum-Security Custodial Centre, Enugu.
The matriculation took place on Wednesday during the 31st matriculation ceremony of the centre.
In an address at the ceremony, the Controller-General of the Nigerian Correctional Service (NCoS), Sylvester Nwakuche, described the event as a milestone in the Service’s commitment to using education as an instrument for the reformation, rehabilitation and reintegration of inmates.
Nwakuche, who was represented by the Assistant Controller-General of Corrections in charge of Zone M, Prisca Oku, said the NCoS would continue to strengthen correctional education and expand opportunities for academic, vocational and skills development across custodial centres.
He encouraged the matriculating inmates to remain focused, abide by the rules and regulations of both the university and the Service, and strive to become worthy ambassadors of the correctional education programme.
“I therefore encourage our matriculating inmates to remain focused, uphold the rules and regulations of the University and the Service, and strive to become worthy ambassadors of the correctional education programme,” he said.
He added: “To the matriculating students, I also urge you to embrace this opportunity with seriousness, discipline and determination.
“Your present circumstances should not define your future; rather, let this opportunity equip you with the knowledge, skills and character needed to build a productive and responsible life beyond custody.
“Your academic journey is not merely about obtaining a qualification; it is also about transforming your mindset, broadening your horizons and preparing yourselves for meaningful reintegration into society.”
Speaking at the ceremony, the Vice-Chancellor of NOUN, Prof. Udoma Oji Udoma, said the university had continued to provide quality and accessible higher education to inmates by offering 100 per cent tuition-free education at all levels.
Udoma, who was represented by the Director of NOUN Enugu Study Centre, Prof. Loveth Ekwueme, said the university had consistently championed inclusivity by providing educational opportunities for inmates.
“NOUN affirms its belief that education is a fundamental right, not a privilege,” he said.
According to him, the initiative reflects NOUN’s commitment to national development, social justice and the rehabilitation of citizens who deserve a second chance.
“To our new students: today you pledge to uphold the values of scholarship, discipline, and integrity. Your enrollment signifies courage, determination, and the desire to transform your lives through knowledge.
“Remember that education is the most powerful tool for personal renewal and societal reintegration,” he said.
The Controller of Corrections in Enugu State, Mr Valins Obizue, encouraged inmates to take advantage of the free educational opportunities available to them and pursue academic qualifications that could improve their lives.
Obizue commended the Controller-General of the NCoS and NOUN for providing a veritable and accessible platform for the reformation and academic advancement of inmates across the country.
In his welcome address, the Officer-in-Charge of the NCoS Maximum-Security Custodial Centre, Enugu, Dr Sunday Igwe, said the study centre commenced in July 2011 with 12 students but had grown to 262 students.
Igwe described the growth as more than a numerical increase, saying it represented “262 dreams, 262 aspirations, 262 opportunities and 262 journeys towards personal and professional development.”
He said the NCoS firmly believed that education was one of the most powerful instruments for human development, reformation, rehabilitation, reintegration, empowerment and positive transformation.
“Our custodial environment is not only about security and safe custody. It is also about preparing individuals for meaningful contributions to society.
“The presence and growth of NOUN academic activities within this environment demonstrates that education can flourish wherever there is commitment, discipline and determination.
“NOUN remains and offers the foremost Open and Distance Learning opportunity in Nigeria,” he said.
One of the matriculating inmates, whose name was withheld, appreciated the Controller-General of the NCoS and the Vice-Chancellor of NOUN for providing the educational and reformative programme and making it accessible to inmates.
The newly admitted undergraduates enrolled in various programmes, including Public Administration, Peace and Conflict Resolution, and Criminology and Security Studies, among others.
Highlights of the ceremony included the administration of the matriculation oath to the new students and the cutting of the matriculation cake.
News
Curfew Continues as Soludo Sets Up Commission of Inquiry Over Aguleri–Umuoba Anam Clash

By Okey Maduforo, Awka
The indefinite curfew imposed on Aguleri and Umuoba Anam communities in Anambra State following their recent communal clash remains in force as Governor Chukwuma Soludo has set up a Judicial Commission of Inquiry to investigate the crisis.
The governor also ordered an immediate ceasefire, warning that the state government would not tolerate further lawlessness or any breach of peace and order in the two communities.
The directives followed a conflict-resolution meeting convened by the governor at the Light House, Awka, which was attended by traditional rulers and other leaders from the affected communities.
At the meeting, the stakeholders agreed that both communities must lay down their arms and embrace peace.
In a statement by the Chief Press Secretary to the governor, Christian Aburime, Soludo lamented the loss of lives and destruction of property, saying the violence was inconsistent with his administration’s vision of a peaceful and prosperous Anambra State.
“Opening the deliberations, the Governor decried the tragic loss of lives and the widespread destruction of properties, emphasizing that such lawlessness is entirely unacceptable to the administration,” the statement said.
Soludo also directed security agencies to maintain a round-the-clock presence in the affected areas to ensure compliance with the ceasefire.
The governor assured the parties that the government would remain “firm, fair, and uncompromising” in its pursuit of lasting peace and justice.
Community leaders, including Igwe Michael Idigo and Hon. Fidel Okafor, condemned the violence, particularly the killing of a minor and an unarmed person from Umuoba Anam, as well as the retaliatory destruction of the historic Idigo Palace.
They called for an immediate end to the hostilities and the prosecution of those responsible for the violence.
Speaking as an observer on behalf of the Umueri community, retired Justice Charles C. Okaa appealed for restraint and urged the state government to enforce the 1982 Supreme Court judgment on boundary matters involving Umueri and Aguleri as part of efforts to achieve a lasting resolution.
The stakeholders also agreed on the immediate cessation of hostilities, prosecution of perpetrators, accountability for community leadership and the rebuilding of the destroyed Idigo Palace.
Condemning the destruction of the traditional palace as an attack on the heritage of the state, Soludo announced that the state government would assist in rebuilding it and restoring its traditional dignity.
The governor also established a Judicial Commission of Inquiry to examine petitions, complaints and historical grievances connected to the crisis. The commission is expected to submit its comprehensive report within four months.
However, the state government has yet to make public the names and number of members of the commission.
Meanwhile, the indefinite curfew remains in force as security agencies continue to maintain heightened surveillance in the affected communities.
News
NAF Crash Claims Pilot 16 Days After Wedding

For Squadron Leader Ahamefule Aham Man-Ugwueje, Monday was supposed to be another routine day of duty. Instead, the Nigerian Air Force pilot lost his life in the crash of an ATR-42 aircraft in Igbokoda, Ondo State, barely 16 days after his wedding.
Man-Ugwueje had married Flight Lieutenant Damilola Adekunle on September 19, 2026, in an elaborate ceremony in Abuja.
The couple exchanged vows at the Redeemed Christian Church of God, The Masters Place, Utako, Abuja, before proceeding to the Nigerian Army Conference Centre, Asokoro, for the reception.
Details of the wedding were contained in the couple’s invitation and posts shared by vendors who participated in the ceremony. A videographer, Beejay Creates, also shared footage from the event, identifying the couple as bride Damilola and groom Ahamefule.
Man-Ugwueje, who was identified by the Nigerian Air Force as the co-pilot of the ill-fated aircraft, was among the five crew members and 20 passengers who died in the crash.
The aircraft, NAF 931, was on a routine mission from Benin to Lagos when it crashed in a swampy area around Igbokoda in Ilaje Local Government Area of Ondo State.
The Nigerian Air Force on Tuesday confirmed that all 25 people on board died in the accident and released the names of the victims.
The Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, described the incident as a deeply painful moment for the Nigerian Air Force and the nation, while commiserating with the families, friends and colleagues of the victims.
The Air Force also ordered a comprehensive investigation into the circumstances surrounding the crash.
Man-Ugwueje, whose Facebook profile listed Umuahia, Abia State, as his hometown and Abuja as his current city, was the son of retired Group Captain Man-Ugwueje.
Meanwhile, Ondo State Governor, Lucky Aiyedatiwa, said no survivor was found after security agencies, emergency responders and local residents joined the search for victims at the crash site.
Aiyedatiwa said he was informed of the crash at about 10:30am on Monday after receiving a call from the chairman of Ilaje Local Government Area.
According to the governor, residents across the river from the Nigerian Navy base in Igbokoda heard a loud sound and subsequently saw the aircraft plunge into the swamp.
He said Navy personnel initially exercised caution while trying to determine whether there was a fire or explosion before moving towards the crash site.
“When they noticed that it’s just an accident, they didn’t see any sign of fire. So they moved in, trying to see if they could rescue the people,” the governor said.
Personnel of the local emergency management agency, residents and members of the Amotekun Corps later joined the rescue operation.
However, the search ended in tragedy after authorities confirmed that there were no survivors.
News
How NAF Plane Vanished From Radar Shortly After Take-Off, Crashes In Ondo Swamp

A Nigerian Air Force ATR-42 aircraft on a routine flight from Benin City to Lagos crashed into a swamp in Igbokoda, Ilaje Local Government Area of Ondo State, on Monday after reportedly disappearing from radar shortly after take-off.
The aircraft, with tail number NGR 931, lost communication with air traffic controllers at about 9:13am. A senior air traffic controller, who spoke anonymously, said repeated attempts to re-establish contact with the aircraft failed.
According to the source, personnel around Okitipupa later reported hearing a loud bang suspected to have come from the crash site.
The Minister of Aviation and Aerospace Development, Festus Keyamo, confirmed that the aircraft had disappeared from radar and that all efforts to raise it on radio were unsuccessful.
He later announced that the wreckage had been located near the Naval Base in Igbokoda.
Keyamo said 32 people—25 passengers and seven crew members—were on board.
The Nigerian Air Force confirmed the crash, saying the aircraft was on a routine mission from Benin to Lagos and that search-and-rescue operations had commenced in coordination with relevant authorities.
The crash site, located in a swampy creek, proved difficult to access, with military personnel, emergency responders and local fishermen joining the rescue operation.
Governor Lucky Aiyedatiwa said no survivor had been found as of Monday evening, although the authorities had yet to officially announce a death toll.
The governor said rescuers recovered parts of the aircraft, identification cards and military uniforms from the site.
President Bola Tinubu expressed sadness over the incident and directed the Nigerian Air Force to immediately commence a thorough investigation into the cause of the crash.
Investigators are expected to examine the wreckage, flight path, weather conditions, maintenance records and air traffic control communications. Efforts were also being made to recover the aircraft’s flight recorder, which could provide crucial information about its final moments.
The cause of the crash remains unknown.
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