- NCAA Fines Arik N6m Over ‘Poor Handling’ of Luggage
Air travel apex regulatory body, the Nigerian Civil Aviation Authority (NCAA) has fined Arik Air N6 million for the violation of aviation rules in the recent poor handling of luggage belonging to some London passengers.
NCAA also mandated the airline to pay the affected passengers the statutory $150 (about N60,000) as compensation for the inconveniences within the next 30 days.
The Guardian learnt that Arik Air between December 2 and 4 brought scores of passengers from London to Lagos without their checked-in luggage.
NCAA yesterday said the action contravened the Nigerian Civil Aviation Regulations (Nig.CARs), coupled with alleged lack of compassion for the affected passengers by the airline.
General Manager, Public Relations of the NCAA, Sam Adurogboye, said upon the receipt of complaints, the agency invited Arik to a meeting on December 6, 2016 with a directive to immediately address the issues.
Adurogboye added: “However, Arik embarked on continuous flouting of the Nig.CARs and the authority’s directives to freight all backlogs of short-landed baggage to Lagos within 48 hours.
“Similarly, the carrier declined to offer care and compensation to the affected passengers, which were unanimously agreed for $150.”
He added that the airline also did not inform the passengers at the soonest practicable time that their checked-in baggage would be off-loaded as required by Part 19.7.2 of the Nigerian Civil Aviation Regulations (Nig.CARs) 2015.
“Consequent upon these, the following sanctions suffice: Arik Air Limited to pay to the Authority within seven days of receipt of this letter, the sum of N6,000,000.00 being civil penalty for violation of Part.19.7.2 of the Nig.CARs, 2015.”
Arik, however, blamed the development on the use of a smaller aircraft, a Boeing 737-800 to operate the Lagos-London Heathrow route due to maintenance on the wide-body A330-200 aircraft frequently used on the route.
The spokesperson of the airline, Banji Ola explained that the airline’s Airbus A330-200 aircraft was hit by a handling company at John F Kennedy International Airport New York on December 1, 2016 which led to the B737-800 to be deployed on the Lagos-London route.
According to him: “In order to avoid a cancellation of the Lagos-London Heathrow flights, an alternative B737-800 aircraft had to be allocated on the route to minimise the inconvenience to passengers.
“The airline was constrained in capacity from a wide-body A330-200 aircraft to a narrow-body B737-800 aircraft and thus had to leave some of the passengers’ baggage behind in London.
“Passengers were, however, duly informed of this capacity restriction at the check-in desk at London Heathrow Airport and were advised of the possibility that some of their baggage will have to be sent on subsequent flights as per space availability.”
Aliko Dangote Remains Africa’s Richest Man With $12.1 Billion Net Worth -Forbes
Nigerian industrialist, Aliko Dangote, is Africa’s richest person for the tenth year in a row.
In the Forbes Africa latest billionaires list, Dangote’s total net worth stood at $12.1 billion, a $2 billion increment when compared to last year. Thanks to the 30 percent increase in the price of Dangote Cement share.
Nassef Sawiris of Egypt followed Dangote with $8.5 billion net worth with the majority of his investments coming from construction and other investments.
In third place was Nicky Oppenheimer of South Africa with an $8 billion total net worth.
Portland Paints, Chemical and Allied Products Plc Agreed to Merge
Portland Paints and Products Nigeria Plc and Chemical and Allied Products Plc have agreed to merge, according to the latest statement from both companies.
In a statement released through the Nigerian Stock Exchange, the Board of Directors of CAP said we are “pleased to inform you that following discussions and negotiations, the Boards of CAP and Portland Paints have reached an agreement to undertake a merger between both entities (the “Merger” or the “Proposed Merger”).
Accordingly, we “hereby present to you the terms and benefits of the Proposed Merger for your consideration and seek your support and approval to effect the Proposed Merger.
“The Proposed Merger presents a compelling opportunity to create significant value for shareholders of CAP and achieve the company’s strategic growth objectives as a larger company with a broader product portfolio, more corporate owned brands and diversified revenues.
“The resultant entity is also expected to benefit from enhanced distribution capabilities in addition to economies of scale and operational efficiencies.”
Tony Elumelu Acquires Shell, Total, ENI Stakes in OML 17
Tony Elumelu owned Heir Holdings Limited and its related company Transnational Corporation of Nigeria Plc on Friday announced it has completed the purchase of 45 percent stake in Oil Mining Lease (OML 17) through TNOG Oil and Gas Limited.
The acquisition includes all assets of Shell Petroleum Development Company of Nigeria Limited (30 Percent), Total E&P Nigeria Ltd (10 percent) and ENI (five percent) — in the lease.
It was further stated that TNOG Oil and Gas Limited will also have the sole right to operate OML 17.
The field presently has a production capacity of 27,000 barrels per day. Also, there are estimated 2P reserves (proven and probable) of 1.2 billion barrels and an additional one billion barrels in possible reserves — all of oil equivalent.
A consortium of global and regional banks and investors provided a financing component of $1.1 billion for the largest oil and gas financing in Africa in over a decade.
In a statement released on Friday, Shell said the completion was after all the necessary approvals have were received from authorities.
“A total of $453m was paid at completion with the balance to be paid over an agreed period. SPDC will retain its interest in the Port Harcourt Industrial and Residential Areas, which fall within the lease area,” the SPDC said.
Speaking after the completion of the deal, Elumelu said “We have a very clear vision: creating Africa’s first integrated energy multinational, a global quality business, uniquely focused on Africa and Africa’s energy needs. The acquisition of such a high-quality asset, with significant potential for further growth, is a strong statement of our confidence in Nigeria, the Nigerian oil and gas sector and a tribute to the extremely high-quality management team that we have assembled.
“As a Nigerian, and more particularly an indigene of the Niger Delta region, I understand well our responsibilities that come with stewardship of the asset, our engagement with communities and the strategic importance of the oil and gas sector in Nigeria. We see significant benefits from integrating our production, with our ability to power Nigeria, through Transcorp, and deliver value across the energy value chain.
“I would like to thank Shell, Total and ENI, for the professionalism of the process, the Federal Government of Nigeria, the Ministry of Petroleum Resources, and the NNPC for the confidence they have placed in us.”
Tony Elumelu is the Chairman of Heirs Holdings Limited, Transcorp and United Bank for Africa Plc.
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