This is contained in a statement signed by Dr Ejike Ndiulo, head of Corporate Communications, Air Peace, on Wednesday in Lagos.
According to Ndiulo, the decision is necessary because NiMet is the agency responsible for issuing CNH (Current Nowcast of Hazardous Weather) reports, critical for safe landings, especially during this season of heavy rainfall and thunderstorms.
He said without these reports from the control tower, flight safety could not be guaranteed.
“As a safety-first airline, we have chosen to act responsibly by suspending operations until NiMet resumes full service.
“We understand this may cause inconvenience, and we sincerely apologise. Passengers will be contacted with updates and options for rescheduling,” he said.
The staff of NiMET on Tuesday commenced an indefinite strike over the condition of service and other demands.
News
2023 Campaign: INEC to Track, Monitor Bank Accounts of Politicians, Parties

Independent National Electoral Commission (INEC), said it will track and monitor bank accounts of politicians and political parties in a bid to track the sources of funds for their campaigns.
To this end, the commission has said it will set up teams to monitor election spending ahead of the elections.
Prof. Mahmood Yakubu, chairman, INEC , who stated this at a policy round-table conference on political campaign finance organised by The Electoral Forum in Abuja yesterday, also said the electoral umpire would also monitor the movement of money on election days to help tackle vote-buying at polling units.
Represented by Prof. Ajayi Kunle, who is INEC’s National Commissioner in-charge of party monitoring committee, Mahmood said through the Economic and Financial Crimes Commission, EFCC, commercial banks would be mandated to report all suspicious transactions ahead of the election while threatening to prosecute any bank that failed to cooperate.
He said, “As long as we have not notified anybody that the race to the 2023 general election has started, we are not unaware of what anybody is doing. We follow the law strictly.
“We have not officially declared notice for the 2023 general elections, but when we so declare, we will put our monitoring committees to motion like the central banks, DSS,EFCC, ICPC, the (commercial) banks and other law enforcement agencies. We have that plan already.
“Every candidate must be made to declare his bank asset. That is where they draw out their money so we will make them to present their statement of account right from the onset. We will make it mandatory for them to turn in their bank statement so that if they say they are doing billboard and the account remains the same, then there is a problem.”
On the issue of vote buying, the INEC Chairman said, “We are going to establish finance monitoring teams and they will be among the electorate but they (politicians and political parties) won’t know. We are going to do it in a way that the influence of money will be reduced, because we want to make the electoral field a level playing ground for both rich and poor candidates and electorates. Everybody will be on equal level so that you won’t influence the voting pattern.”
According to him, besides the Electoral Act, the constitution empowers INEC to also make any other regulations that will assist its efficiency. The law, the Electoral Act empowers INEC to make other regulations.
Earlier, Engr. Yabagi Sani, national chairman of Inter-Party Advisory Council, IPAC, called for a strict enforcement of the regulations on election funding so as to prevent the monetisation of the electoral process and improve the level of trust between electorates and political party candidates.
News
Lagos Sets the Benchmark in Renewable Energy as CADEF Launches Transformative Platform

Against the backdrop of Lagos State’s proactive efforts to reform its electricity sector, the Consumer Advocacy and Empowerment Foundation (CADEF) has launched its ‘Renew Energy Nigeria’ platform, a nationwide initiative with potential synergies for the state’s ambitious energy goals.
Professor Chiso Ndukwe-Okafor, CADEF’s Executive Director, introduced the platform in Lagos, highlighting its aim to empower Nigerians with information and access to decentralized renewable energy (DER) solutions. “The launch of this platform marks a significant step towards democratizing access to information and resources within Nigeria’s burgeoning sustainable energy sector.”
The platform’s launch comes as Lagos State, under the Lagos State Electricity Law, is actively establishing a regulatory framework and attracting private sector investment. Kamaldeen Abiodun-Balogun, General Manager of the LSEB, detailed the state’s progress in creating a functional electricity market, ensuring payment security, and addressing infrastructure challenges. “This law enabled us to create policy documents and establish regulatory agencies to initiate the implementation of the Lagos electricity market,” he explained, adding that private sector involvement will be key in areas where existing Discos face performance issues.
Segun Adaju, a private sector player deeply engaged in the energy sector, lauded Lagos State’s leadership. “In all these, Lagos State is always setting the pace. Many of us in the private sector players like myself, we are also looking up to Lagos State to set the pace,” he said, also mentioning his work on the Centralized Renewable Energy Desk for the state government.
While acknowledging national-level challenges such as import restrictions and forex fluctuations as noted by Professor Ndukwe-Okafor: “The recent federal plan on restrictions on the importation of solar products and the fluctuation of forex rate have made clean energy solutions costly”, the focus on Lagos State’s progress suggests a promising local environment for DER adoption, potentially amplified by CADEF’s new platform.
The broader socio-economic context, as highlighted by Olumide Ajayi, “Over 40% of Nigerians do not have access to reliable electricity”, underscored the importance of initiatives like ‘Renew Energy Nigeria’ and the enabling policies being implemented in states like Lagos.
Professor Ndukwe-Okafor concluded with a powerful call to action. “This platform is not an isolated intervention. It is aligned with our ideal country’s national vision, the 30-30-30 initiative. Let us not build a solar future that only serves the wealthy. Let us democratize clean energy. Let us make it local, inclusive, and scalable.”
The launch of “Renew Energy Nigeria” marks a significant step towards a more sustainable and equitable energy future for Nigeria, driven by innovation, collaboration, and a commitment to empowering its citizens. The platform is now live and accessible to all Nigerians seeking reliable and clean energy alternatives
News
EFCC Secures Arrest Warrant for Six CBEX Promoters

A federal high court in Abuja has granted permission to the Economic and Financial Crimes Commission (EFCC) to arrest and detain six Crypto Bridge Exchange (CBEX) promoters over allegations of investment fraud to the tune of over one billion dollars.
Emeka Nwite, presiding judge, gave the order following an ex parte application moved by Fadila Yusuf, counsel to the EFCC.
In the application by the EFCC, the six suspects are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo and Chukwuebuka Ehirim.
The commission sought an order of the court for a warrant of arrest of the defendants.
They also prayed the court for “an order remanding the defendants in the custody of the complainant/applicant pending the conclusion of investigation of the alleged offences and possible prosecution”.
Yusuf said that the defendants are at large and a warrant of arrest is required to arrest the defendants for proper investigation and prosecution of this case.
In the affidavit in support of the motion, the EFCC said preliminary investigation into the intel revealed that the defendants “using their company ST Technologies International Limited, promoted another company Crypto Bridge Exchange (CBEX) by making adverts and lured unsuspecting members of the public to invest crypto cryptocurrencies on the CBEX investment platform”.
The EFCC said the defendants promised an unrealistic return on investment of up to 100 percent.
“The victims were made to convert their digital assets into a stablecoin of USDT for onward deposit into the suspects’ crypto wallet,” Yusuf said.
“The victims were initially given full access to the platform to monitor their investment.
“Following the deposits valued at over $1 billion by the victims, the CBEX investment platform became inaccessible to them, and they could no longer withdraw from the investment made.
“The victims later discovered that the said scheme is a scam.
“During the course of investigation, it was discovered that the said ST Technologies International Limited, though registered with the Corporate Affairs Commission (CAC), it was not registered with the Securities and Exchange Commission (SEC) for investment purposes.
“It was also discovered during the investigation that the defendants had moved out of their last known address in Lagos and Ogun states.”
The anti-graft agency said obtaining a warrant of arrest was necessary in order to place the defendants on a watch list, enabling authorities to trace and apprehend the suspects to face the charges brought against them.
Nwite granted the request for a warrant of arrest and remand, adding that the order was necessary to enable the commission to apprehend the defendants and conclude its investigation.
“I have listened to the submission of the learned counsel for the applicant,” Nwite said.
“I have also gone through the affidavit evidence with exhibits thereto, along with the written address.
“I am of the view and I so hold that the application is meritorious.
“Consequently, the application is granted as prayed.”
Earlier in April, reports emerged that CBEX users could no longer withdraw their funds.
On Monday, angry investors stormed and looted the office of Smart Treasure (ST Team), an affiliate of CBEX, in Ibadan, Oyo State.
The EFCC recently confirmed receiving multiple complaints about the platform.
Dele Oyewale, the commission spokesperson, assured affected investors that efforts were underway to recover their funds.
News
Air Peace Suspends Flight Operations Nationwide

- E-Business1 day ago
ALX Nigeria Launches 2025 Ventures Incubator, Premieres Pan-African “Do Hard Things” Finale
- E-Financial1 day ago
Insurance Bill Seeks Compensation for Customers of Failed Firms
- E-Financial1 day ago
SANEF’s Uche Uzoebo Highlights AI as Next Frontier in Advancement of Financial Inclusion
- E-Financial2 days ago
Union Bank’s Edu360 Initiative Scores Big for Nigerian Football Development
- E-Financial1 day ago
Fintechs Add $18m to New Tax Initiative
- E-Financial1 day ago
CBN Puts Accumulated Savings, Liquid Assets by Nigerians at N75.65trn
- General News2 days ago
MTN Go Make A Difference Campaign Heads to Kano, Celebrating Culture and Community Impact
- Telecom2 days ago
EU Fines Apple and Meta €700m in Landmark Digital Markets Act Enforcement