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Dapo Abiodun’s Company Goes Bankrupt As AMCON Takes Over To Prevent Further Risk

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Governor Abiodun of Ogun State

The Lagos Division of the Federal High Court has ordered an interim takeover of Heyden Petroleum Limited owned by the Ogun State Governor, Dapo Abiodun.

The Asset Management Corporation of Nigeria (AMCON) had approached the court for the takeover of the company over its alleged bankruptcy.

AMCON had argued that Heyden Petroleum Limited is financially incapacitated to operate, saying that its control of the company would save it from further risk.

Represented by its counsel, O.T. Ogunba, the Assets Management body had filed an ex-parte motion requesting the court’s intervention in the takeover process.

Mr Ogunba explained that the governor’s company and others including Innovative Ventures Limited and Optimum Construction & Property Development Company Limited, which are linked to the case, are currently financially insolvent.

The presiding judge, Justice Ambrose Lewis-Allagoa had reviewed the motion and supporting documents.

Expressing satisfaction with AMCON’s arguments, the court granted the prayer.

In his ruling on the case marked AMC/67/2024, Justice Lewis-Allagoa, on October 29, permitted the corporation to take over the companies.

The judge fixed hearing on the substantive suit on November 21.

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Ethiopian Airlines Welcomes Africa’s First A350-1000 Aircraft

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Ethiopian Airlines

Ethiopian Airlines, the largest airline in Africa proudly announces the arrival of Africa’s first Airbus A350-1000.

This significant milestone was celebrated in a grand ceremony attended by government officials, ambassadors, diplomats, and esteemed representatives from Airbus and Thales.

The aircraft landed at Addis Ababa Bole International Airport, basking in a warm welcome marked by a spectacular water cannon salute. Accompanying this momentous delivery was a payload of medical supplies valued at over 100,000 Euros, generously donated to the Ethiopian Airlines Foundation by Aviation Sans Frontières in
collaboration with Airbus.

Upon its arrival from Toulouse, France, the celebrations continued with a demonstration flight, inviting distinguished guests to experience the aircraft’s capabilities while enjoying stunning views of the Grand Ethiopian Renaissance Dam.

Commenting on this historic occasion, Ethiopian Airlines Group CEO Mr. Mesfin Tasew expressed, “We are thrilled to welcome the Airbus A350-1000 to our fleet, solidifying our position as leaders in aviation technology. This aircraft embodies cutting-edge advancements, offering superior passenger comfort, enhanced fuel efficiency, and reduced environmental impact. Together, we are pioneering a sustainable future for aviation in Africa.”

This state-of-the-art aircraft is the first to feature Thales’s AVANT Up inflight entertainment system and the HBC+ connectivity system, providing travelers with luxurious amenities, spacious seating, large screens, and a unique landscape camera.

With direct aisle access for all business class seats, convenience is prioritized. The A350-1000 boasts a revolutionary design with innovative aerodynamics and a carbon-fiber fuselage, powered by the fuel-efficient Rolls-Royce Trent XWB engines, ensuring a quieter, smoother journey for long-haul travel.

This launch marks a transformative moment for Ethiopian Airlines and sets new standards for the African aviation sector, aligning with the airline’s ambitious Vision 2035 plan.

Ethiopian Airlines is excited to welcome three additional A350-1000 aircraft in the upcoming months, further enhancing its modern fleet and commitment to passenger excellence.

With the addition of the A350-1000, Ethiopian Airlines reaffirms its commitment to innovation, sustainability, and customer satisfaction, charting a new course for African aviation excellence.

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Education

FG Abolishes 18-Year Age Benchmark For Admission Into Tertiary Institutions

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University - Investors King

The new Minister of Education, Tunji Alausa, has abolished the controversial 18-year admission benchmark for tertiary institutions in the country.

This is coming as the minister indicated interest in reviewing the nation’s education policy.

However, Alausa stated that there would be no reversal of the Federal Government’s decision to void over 22,700-degree certificates obtained by Nigerians from some “fake” universities in neighbouring Togo and the Benin Republic.

Alausa spoke on Tuesday at his inaugural ministerial press conference in Abuja.

He stated that practical education will help to address the unemployment situation in Nigeria, as tertiary institutions will not continue to churn out graduates every year without providing jobs for them.

He disclosed that the Federal Government will collaborate with private sector operators to train students in order to discover and unleash their potential.

Alausa added that universities of agriculture will be empowered to adopt commercial farming practices to combat food insecurity.

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Outrage in Equatorial Guinea: Government Restricts WhatsApp Multimedia Sharing Amid Scandal

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There is outrage in Equatorial Guinea as the government restricted its citizens from downloading and sharing multimedia files using mobile data on WhatsApp.

This decision followed the guidelines that the country’s government gave to telecommunications operators when it urged them to implement measures to restrict access to inappropriate content.

The country’s Director General, National Financial Investigation Agency, Baltasar Engonga, has been involved in a sex scandal involving the wives of notable people in the nation.

The scandal emerged in the course of a fraud investigation against the 54-year-old economist which resulted in the search of his house and office on impromptu notice by ANIF officials who came across several CDs that later revealed his sexcapades with different married women.

It was reported that the over 400 videos include encounters with high-profile individuals, such as his brother’s wife, his cousin, the sister of the President of Equatorial Guinea, the Director General of Police’s wife, and about 20 of the country’s ministers’ wives, among others.

The footage, discovered in his office, was said to have been recorded with consent and has since been leaked online, causing a media uproar.

But, in a new development on Tuesday, it was reported that the citizens have been lamenting their inability to share photos, videos, and audio when using a mobile data connection, leading users to rely exclusively on WiFi networks to share such content.

Sources revealed that the restrictions have been affecting business and academic activities in the country.

Citizens wonder why the actions of a few individuals would result into holding thousands of other innocent ones hostage.

Earlier, the Vice President of Equatorial Guinea, Teddy Nguema, announced plans to install surveillance cameras in all state body offices.

This sweeping measure is part of an ongoing effort to ensure strict adherence to public service laws and combat misconduct among officials.

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