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Arik Claims Its Flights Disrupted by FAAN

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Arik Airplane

Nigeria’s major carrier Arik Air has claimed its flights were disrupted on Friday by the Federal Airports Authority of Nigeria (FAAN) against court order that directed the airline should be allowed to operate flights uninterrupted.

Arik said the agency disrupted its operations at the domestic General Aviation Terminal and international terminal of the Murtala Muhammed Airport, as workers of the agency prevented Arik Air from gaining access to the Airside of both terminals.

According to the airline, ‎access to the airside was critical and fundamental to the airline’s operations for moving catering, supplies and other sundry items to the aircraft, as well as the movement of its personnel to ready the aircraft for departure.

“This access is also necessary for the airline to conduct secondary security screening, mandatory security checks and for securing the aircraft at all times in line with International Civil Aviation Organisation (ICAO) standards and recommended practice,” Arik said.

The airline noted that this ‎was not the first time that FAAN had taken the law into its own hands as it had resorted to such strong-arm tactics against the airline in the past and most recently in May this year.

“It is already in the public domain that Arik Air and FAAN have a lingering disagreement on the long-standing and unsubstantiated claim by FAAN of spurious indebtedness of the airline to the agency which is now before the Federal High Court in Lagos, at the instance of FAAN,” Arik also said.

It said FAN and Arik were reconciling payment accounts between the institutions over the charges paid by Arik Air to date and in this regard ,Arik Air had been providing all the needed assistance and cooperation to conclude the reconciliation process.

“However, FAAN has shown total disregard for the laws of the Federal Republic of Nigeria by carrying out such disruptive action again,” the airline said.

It recalled that in Suit No: FHC/L/CS/1558/2015 brought by FAAN against Arik Air before a Federal High Court in Lagos, the court on 20 June, 2016 had ordered that both parties maintain status quo ante-bellum until Ruling on the Ex-parte is delivered.

The matter was further adjourned to 10 October, 2016.

On several occasions in the past weeks, Arik Air has equally served the order of the court to FAAN since they claimed ignorance of the ruling.

‎”Blatant defiance of the laws of the country and disrespect to the High Court should not be tolerated and we appeal to the judiciary to intervene in this matter and take appropriate action to uphold the laws of the nation..

“This unjustifiable disruption by FAAN has further inconvenienced the travel plans of thousands of passengers who were already affected due to the acute scarcity of aviation fuel (Jet A1) in the recent weeks,” the airline also said.

It apologised to its esteemed passengers for any inconvenience experienced due to this unwarranted disruption and unlawful action by FAAN.

FAAN‎ was not on hand to confirm the incident.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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MTN Nigeria, Gameloft Partner to Increase Access to Variety of Exciting Games

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MTN Nigeria announced it has partnered with Gameloft, a leader in the development and publishing of games, to increase access to a variety of fun and exciting games online.

The telecommunications giant in collaboration with its new partner, Gameloft announced the launch of MTN Gameworld, a new gaming platform for its subscribers.

According to MTN, the new platform will allow the Nigerian growing gaming community access to a lot of unique games online through an extensive premium catalogue from Gameloft and other renowned publishers.

Commenting on the partnership, Srinivas Rao, the Chief Digital Officer, MTN Nigeria, said, “We are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.”

MTN Gameworld will allow subscribed customers access to a variety of games, which they can play at subsidised data rates through the MTN Gameworld app. Android, iOS and Windows phone users can subscribe via SMS, app, web, USSD menu (*447#), 131 USSD menu and any other MTN customer channel.

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President Buhari Commissions 5,000bpd Modular Refinery Built in Imo State

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President Muhammadu Buhari on Tuesday commissioned the 5,000 barrels per day modular refinery built by Waltersmith Group in Imo State.

President Buhari, who commissioned the new modular refinery virtually, said the refinery will enable Nigeria to export petroleum products to neighbouring countries and other markets.

The 5,000 barrels per day Waltersmith Modular Refinery is the first phase of 50,000 barrels per day combined capacity plant planned for Imo State, according to the Group.

Buhari commended Waltersmith Group, an indigenous oil firm, and the Nigerian Content Development and Monitoring Board for the collaboration that led to the actualisation of the modular refinery.

President Buhari, therefore, directed the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation, the Department of Petroleum Resources and all other relevant government agencies to provide Waltersmith all the necessary support in terms of access to crude oil and condensate feedstock.

Buhari said, “We rolled out our refining roadmap in 2018, to address challenges in the downstream sector. After many years of government giving out modular refining licences without any coming on-stream, we are today seeing a commissioning within two years.

“The plan to commence the expansion of this refinery to 50,000bpd capacity, to refine crude oil and condensate, is a demonstration of the economic reform Nigeria is undergoing.

“The realisation of the refinery roadmap will ultimately lead us to becoming a net exporter of petroleum products, not only to our neighbouring countries but to other wide markets,” he said.

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Elon Musk Net Worth Jumps by $100 Billion this Year to Topple Bill Gates, Mark Zuckerberg, Others 

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Elon Musk, the Chief Executive Officer and founder of Tesla, is now the world’s second-richest person following another surge in the price of Tesla share.

Musk total net worth jumped by $7.6 billion to $110 billion between November 16 and 17 to dethrone Facebook founder, Mark Zuckerberg, from the third position.

Since then, Tesla stock has been on a bullish run and in the last 24 hours added $7.24 billion to Elon Musk’s total net worth, according to Bloomberg Billionaire Index. Bringing the billionaire’s total net worth to $128 billion.

Elon Musk’s net worth rose from just $28 billion in January 2020 to $128 billion on November 24, 2020, representing an increase of $100 billion, the highest by any billionaire.

Musk has finally toppled Bill Gates as the second richest person and for the first time, Bill Gates is the third richest man in the world. This is the first time in almost 40 years that Gates will be in the third position.

Billionaires listed on Bloomberg Index have collectively gained $1.3 trillion this year.

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