The Asset Management Corporation of Nigeria (AMCON) has intensified efforts to liquidate Arik Air, just as the agency has reaffirmed its commitment to recovering the N227 billion debt owed by the airline. This disclosure was made by AMCON’s Head of Corporate Communications, Mr. Jude Nwauzor, during an interactive session with aviation correspondents in Lagos on Friday, 17 January, 2025, Nwauzor stated that despite numerous attempts to revive Arik Air, the airline’s financial situation has remained dire, prompting AMCON to proceed with its liquidation plans. The debt, which remains a significant financial burden, is part of a broader issue concerning several…
Author: The Gazelle News
Tragedy has struck the family of Olatunji Disu, Commissioner of Police for the Federal Capital Territory (FCT), following the devastating loss of his son in a horrific car accident on Monday, 20 January, 2025. This heartbreaking incident has left Disu and his loved ones in a state of profound grief. Although the circumstances surrounding the young man’s death remain uncertain, family sources have described the loss as heartbreaking. Disu recently assumed leadership of the FCT Police Command. The news of his son’s demise has sparked an outpouring of condolences from colleagues, friends, and the general public.
In line with his resolve to defend himself and clear his name, Dr. Bisi Onasanya through his lawyer, Olumide Fusika, SAN, at a session at the Federal High Court Lagos on Monday, 20 January, 2025, demanded the service of proof of evidence and summons. Onasanya, a chartered accountant and a former Group Managing Director of First Bank is defending himself against a controversial loan that allegedly occurred at First Bank 12 years ago. The retired banker is refuting the allegations alongside three others namely former Chairman of the bank, Chief Oba Otudeko, a former board member of Honeywell, Soji Akintayo,…
The emergency reconstruction of the Irrua-Ewu-Agbede Road in Uhunwonde/Esan West Local Government Area of Edo State, being undertaken by the Niger Delta Development Commission, NDDC, is nearing completion. The NDDC Managing Director, Dr Samuel Ogbuku, who inspected the road with the Executive Director of Projects, Sir Victor Antai, expressed delight at the level of work on the road. He said that NDDC, as an interventionist agency, took up the challenge of reconstructing the road, which had become almost impassable for motorists over a long period. Ogbuku said: “This part of the busy Benin-Auchi road has not been motorable for a…
The Chairman of the South-West Governors Forum and Lagos State Governor, Mr. Babajide Sanwo-Olu, has expressed his heartfelt condolences on the loss of lives in the fuel tanker explosion that occurred on Saturday, 18 January, 2025, at Dikko Junction on the Abuja-Kaduna highway in the Gurara Local Government Area of Niger State. Governor Sanwo-Olu, in a statement issued on Sunday, 19 January, 2025, by his Special Adviser on Media and Publicity, Mr. Gboyega Akosile, sympathised with his Niger State counterpart, Governor Mohammed Umar Bago; friends and associates of the victims; as well as the people and government of Niger State.…
By Temitope Ajayi Angered by the appalling situation of Nigeria’s electricity supply sector over several decades of doing the wrong things by successive governments with no remedy in sight, even after hundreds of billions of public funds had been expended, President Muhammadu Buhari in 2018 chose a different path that had worked in other jurisdictions. He reached out to the then German Chancellor Angela Merkel to help solve the protracted power gridlock in Nigeria. The discussion between the two leaders gave birth to the FG-Siemens Energy AG Presidential Power Initiative in 2019. Under the terms of the agreement of the…
The Independent Media and Policy Initiative (IMPI) has said that there are enough evidence to show that the economic policies of the President Bola Tinubu administration will set new records in 2025. In a policy statement signed by its Chairman, Dr Niyi Akinsiju, IMPI explained that it came to that conclusion after a fundamental analysis of the emerging pattern of the economy since the introduction of the Tinubu reforms 19 months ago. According to the policy think tank, the optimistic outlook transcends the oil and non-oil sectors inspite of initial hitches. It said: “Historically, the oil sector has faced persistent…
Ogun State Governor and Chairman of the Southern Governors’ Forum, Prince Dapo Abiodun, has described the tanker fire explosion that claimed 77 lives and injured 25 others along Dikko-Maje road in Suleja, Niger State, as a devastating tragedy. In a statement issued in Abeokuta, the Ogun State capital, on Sunday, Abiodun, who said that the governments and the people of the southern states were deeply troubled by the tragedy, commiserated with Governor Mohammed Umar Bago and his cabinet, as well as the people of Niger State, urging them not to allow their spirits to be dampened by the extremely tragic…
The Niger Delta Development Commission (NDDC), has assured that the reconstruction of the failed sections of the Owerri-Port Harcourt Road between Umuapu and Umuagwu in Ohaji/Egbema Local Government Area of Imo State will be completed before the rains set in. The NDDC Managing Director, Dr Samuel Ogbuku, gave the assurance while inspecting the ongoing emergency rehabilitation at the boundary between Rivers and Imo states. The Executive Director of Projects, Sir Victor Antai, and other NDDC Directors accompanied him on the project inspection. Ogbuku expressed gratitude to President Bola Ahmed Tinubu for supporting the NDDC and urging it to urgently restore…
I received with sadness the news of the fuel tanker explosion which occurred on Saturday, 18th January at the Dikko Junction, Niger state where several lives were lost and many sustained injuries. I condole with the Governor, His Excellency Mohammed Umar Bago, the families and loved ones of the departed souls, the injured and the entire people of Niger State. I urge everyone to please be more cautious and avoid scenes of accidents especially involving vehicles conveying inflammable substances, due to the high risks involved. My prayers are that Almighty God grant the Governor, families and loved ones of the…