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Abuja Airport Runway, Terminal Building Ready Today —FAAN

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airport Nigeria
  • Abuja Airport Runway, Terminal Building Ready Today

The runway and terminal building of the Nnamdi Azikiwe International Airport, Abuja will be ready today (Monday), the Federal Airports Authority of Nigeria has said.

According to FAAN, the airport will be ready two days before the April 19 scheduled date announced by the Federal Government for the reopening of the terminal to air traffic.

The Abuja airport was shut on March 8 for six weeks in order to allow Julius Berger to reconstruct its runway and taxiways. During the period of its closure, the contractor carried out rehabilitation work on its terminals.

The Managing Director, FAAN, Mr. Saleh Dunoma, was quoted in a statement by the agency’s consultant on Sunday, as saying “We will be ready by Monday, April 17, but we are leaving the remaining two days for the Nigerian Civil Aviation Authority because it has to certify the airport that what we have done is in accordance with its standards.

“If they (NCAA’s officials) do that, we will bring in the traffic. But if they do not, we have the opportunity of making corrections within the two days we have saved.”

On the reopening of the runway on April 19, Dunoma said, “No doubt about that, we will open it as scheduled. Just as I have said, we have been working with the NCAA throughout the period; they have been making corrections. But for formality, we need to check and make sure that all the necessary corrections meet the requirements of the civil aviation authority.”

He said that the terminal building too would be ready by today (Monday), adding that all faulty items and services at the airport were being fixed.

“We are improving on all the services there and repairing all the items that are bad. It (terminal) will be ready by Monday (April 17). Most of the items there have been completed; we are just trying to clean up,” Dunoma said.

Giving a breakdown of the completed work on the facility, the FAAN boss said, “All the critical items of work are 100 per cent except maybe two items, which of course are the markings and the cleaning. Asphalt work is 100 per cent; markings have reached almost 70 per cent; the airfield lighting system has reached 80 per cent.

“There is additional work, which has nothing to do with this repair but we are seizing the opportunity of the closure of the airport to do. This has to do with the APEX — (Airport Excellence in Safety) related items. We are now levelling all the airfield lightings’ locations, all the installations and flash with the ground surface. In case of any skidding, there will not be concrete projection above the ground surface.”

Dunoma said the authority had not tampered with the calibration of navigational aids but only worked on the runway.

He added, “What we tampered with are the airfield lightings, and the airfield lightings are being returned to the same position. The runway does not need calibration. All we need to check is to make sure there is 100 per cent illumination. Calibration is done periodically. When the time comes for calibration, the appropriate authority will calibrate the Instrument Landing System.”

Meanwhile, the Director-General, NCAA, Capt. Muhtar Usman, has said that the runway of the airport is 99 per cent complete.

Usman, in the statement, disclosed this after the agency had carried out an audit on the runway, saying “Today, the NCAA along with the airport owner, FAAN, conducted an inspection. We were able to see that the job has been done well up to at least 99 per cent completion. We believe the remaining work will be completed on or before the official opening date.”

He said the non-safety critical components that should be corrected, which were observed by the NCAA at the runway, would not stop the reopening of the airport.

Usman said, “The findings have been communicated to the owner of the airport, FAAN. We are expecting a corrective action plan that will come with timelines that will address those issues. But as I mentioned earlier, those items that we found are not safety critical and cannot affect the opening. The job has been well done. The technology employed is the latest and we believe Nigerians will be happy.”

An official of Julius Berger, who was part of the inspection, Dr. Lars Richter, said the newly completed runway would last for 10 years.

“The runway is of the highest quality. We can say for the next 10 years, it will remain there, of course, with good maintenance,” he said.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Ukraine Strikes Russian Fuel Depot, Sparking Fires in Belgorod Region

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Russian Mercenaries

The governor of Russia’s southern Belgorod region said on Sunday Ukrainian forces attacked a fuel depot, triggering a series of fires after Moscow and Kyiv accused each other of launching overnight attacks on border regions.

“The Ukrainian military, aided by lethal drones, attacked a fuel storage site in Volokonovsky district,” Vyacheslav Gladkov wrote on Telegram, referring to an area near the border.

“Several reservoirs caught fire in an explosion. Firefighting crews are putting out the blaze.”

Gladkov also reported drone attacks on three other localities. There were no casualties reported in the incidents.

In the overnight air attacks, Ukrainian officials said two people died and four were injured in Sumy region. Gladkov reported three civilians were injured in Belgorod.

Two children were among those injured in Sumy, the military administration of the northeastern Ukrainian region said on Sunday on Telegram. Several homes and cars were damaged.

In Belgorod region, three civilians, including two children, were injured. Gladkov said two residential buildings were destroyed and more than 15 buildings in total were damaged.

The Russian defence ministry said it had destroyed one drone over Belgorod region and another over Kursk region, where Ukrainian forces launched a cross-border incursion last month. It said two drones were intercepted over Belgorod overnight.

Border regions on both sides have been subject to frequent attacks. Both Moscow and Kyiv deny targeting civilians, saying the attacks are aimed at destroying each other’s infrastructure critical to war efforts.

Thousands of civilians have died in the war, which Russia started with a full-scale invasion on Ukraine in February 2022. Millions of Ukrainians have also been displaced, while their cities and villages have become piles of rubble

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Ghana Ordered to Pay $111.5M to Power Company After U.S. Court Ruling

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ghana

The government of Ghana has been ordered to pay $111.5 million to Ghana Power Generation Company (GPGC) following a ruling by a District of Columbia Court in the United States.

This ruling was granted in favor of GPGC after Ghana failed to respond to an earlier tribunal ruling from the United Kingdom, which found the country in breach of a power purchase agreement.

The court’s decision comes after Ghana terminated its contract with GPGC on February 18, 2018. The UK tribunal, in its final award dated January 26, 2021, found that Ghana had violated its contractual obligations, resulting in significant financial damages for GPGC.

The tribunal initially awarded GPGC $134.3 million in damages, calculated using the Early Termination Payment formula as specified in the purchase agreement.

Ghana, however, did not comply with the tribunal’s verdict, prompting GPGC to pursue the matter in U.S. courts. On January 19, 2024, GPGC filed a lawsuit in the District of Columbia, citing the Federal Arbitration Act and the New York Convention, which provides for the recognition of international arbitration awards.

Court documents reveal that the petition was formally delivered to Ghana’s Ministry of Foreign Affairs and Regional Integration on January 23, 2024.

Despite receiving the legal documents, Ghana failed to respond to the court proceedings by the March 29, 2024, deadline. This non-response led the U.S. court to grant a default judgment in favor of GPGC.

Chief Judge James E. Boasberg emphasized that the arbitral judgment fell under the New York Convention, which requires member states, including the United States, to recognize and enforce international arbitration awards.

He further noted that Ghana had voluntarily submitted to international arbitration when entering the power purchase agreement, waiving its sovereign immunity in the process.

Although GPGC was not awarded pre-judgment interest, Ghana will be obligated to pay post-judgment interest at rates set by U.S. law.

This adds an additional financial burden to the $111.5 million judgment as the payment accrues further interest over time.

The country narrowly avoided a separate $11 billion arbitration award in the infamous P&ID case, which was eventually overturned due to findings of corruption and bribery.

However, in the GPGC case, multiple European courts have upheld enforcement orders, leaving Ghana with limited legal recourse.

The court’s decision is expected to place added pressure on Ghana as it faces mounting financial obligations related to international arbitration disputes.

GPGC has indicated that it will pursue all available legal avenues to ensure full recovery of the damages awarded by the tribunal, including possible enforcement actions in other jurisdictions.

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Zhongshang Fucheng Moves to Auction Nigerian Properties in UK Following $70M Arbitration Award

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Bola Tinubu

Zhongshang Fucheng Industrial Investment Ltd has escalated its efforts to collect a $70 million arbitration award from Nigeria by putting two residential properties in Liverpool up for sale.

This significant development follows a 2021 arbitration verdict against Nigeria, which remains unsettled.

The Chinese investment group has reportedly listed two buildings linked to the Nigerian government—15 Aigburth Hall Road and Beech Lodge, 49 Calderstones Road—on the global online marketplace eBay.

The move is part of a broader strategy to recover the outstanding $70 million, which includes a principal amount of $55,675,000, plus interest and legal costs, as stipulated by the arbitration verdict.

The arbitration stemmed from a dispute between Zhongshang Fucheng and Ogun State over a trade treaty violation.

The company claimed that Ogun State rescinded its rights to a free trade zone in 2016, prompting a legal battle that saw Zhongshang’s executives expelled from Nigeria.

The British court granted Zhongshang the authority to seize Nigerian assets in the UK after the Nigerian government failed to settle the arbitration judgment.

The seizure and subsequent auction of these properties mark a pivotal moment in the ongoing legal conflict.

The properties were confiscated because they were not classified as diplomatic or consular assets, making them subject to seizure under the court’s orders.

According to sources familiar with the situation, the properties are valued at approximately $2.2 million.

Zhongshang Fucheng has opted for an online auction to expedite the sale, aiming to reach a broad pool of potential buyers.

The decision to use eBay highlights the company’s commitment to transparency and swift asset recovery.

“This move is not just about recovering the funds; it’s a demonstration of our commitment to enforcing the arbitration award and ensuring that due process is followed,” said a consultant working with Zhongshang Fucheng, who spoke on condition of anonymity.

The Nigerian government, already grappling with similar arbitration cases, is facing increased scrutiny as European courts have granted enforcement orders in several countries, including the UK, Belgium, and France.

The ongoing conflict with Zhongshang Fucheng has intensified pressure on Nigerian authorities to address these legal and financial challenges more effectively.

In June 2024, the UK High Court, King’s Bench Division, ruled in favor of Zhongshang’s right to seize the Liverpool properties.

Master Lisa Sullivan’s ruling emphasized that the properties were used for commercial purposes, thereby excluding them from sovereign immunity protections.

The case against Nigeria underscores broader issues related to international arbitration and asset recovery, reflecting a growing trend of global legal disputes over state assets.

For Zhongshang Fucheng, the auction of the Liverpool properties represents a critical step in securing the funds awarded by the arbitration panel.

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