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
How Genesys Startup Convergence Ignites Technology Flames in South East
By peter oluka
Technology has been identified as a powerful tool to redeem and redirect the economy of Nigeria, especially the South East region.
Speakers and panellists made the unanimous view at GenesysIGNITE 2017, regarded as the biggest annual convergence of technology hubs and start-ups in the region.
The GenesysIGNITE start-ups convergence was held in Enugu on Friday, December 15, 2017 by Genesys Tech Hub in collaboration with CFAtech.ng; where three start-ups presented with cheque worth USD$10,000 each after emerging victorious at the pitch sessions.
Speaking at the epoch-making event with over 2000 start-ups drawn from Enugu, Abia, Uyo, Imo, Anambra, Delta, Ebonyi and other neighbouring states in attendance, Senator Ken Nnamani, erstwhile President of the Senate, Federal Republic of Nigeria, reiterated that the future of Nigeria belongs to the digital economy and will become visible if the country strategizes properly.
Senator Nnamani who chaired the event, underscored the need for educational institutions, especially the universities to ‘feed’ the technology industry with skilled manpower and graduates fit for purpose. He also showered encomiums on Genesys for the foresightedness in organising the event capable of igniting mind shift among the youths “from election ballot box snatching to technological evolution in the region”.
“What Genesys is trying to ignite in the South East and Enugu State in particular is awesome, by opening the eyes of our young people to tech disruptions and opportunities. It is important, because our people are ingenious and if we can apply the ingenuity in the tech ecosystem we can compete with the Silicon Valley. It is high time we shift our ingenuity from snatching ballot boxes during elections, and channel the strengths towards technology.”
Meanwhile, Kingsley Eze, founder and CEO of Genesys Tech Hub, said the main objective of the GenesysIGNITE was to discuss latest technology trends that impact the regions, and to proffer strategies for unearthing benefits in the various sectors of the Nigerian economy at large. Through the event, he said, they are also promoting innovative business solutions and ideas, currently propagated in the form of start-ups, within the region, culminating in capacity building and other exigencies to help them thrive.
Presenting the cash prizes to Tutor Finder, PlayJoor and House of Uwe, Dr. Ogbonnaya Onu, the Minister of Science and Technology, said that it was high time various research and development results were pulled off the shelves from the Nigerian universities and turned to commercial products.
“Any nation that produces science and technology experts is always the toast of the world. Genesys is doing what the Government has in mind with regards to youth development – capacity building, incubation, providing venture capitals. I can tell you that the Federal Ministry of Science and Technology will support this platform to ensure that the young people are given a space to express themselves and add value to the economy,” the Minister said.
Dr. Onu added that the Ministry through the National Office for Technology Acquisition and Promotion (NOTAP), the Federal government is addressing issues related to patent and intellectual property as means to safeguard investments and ideas of the young people.
Chukwuemeka Fred Agbata Jnr., founder, CFAtech.ng who moderated the panel session informed the youths in attendance that this is the type of events that has helped fuel the tech revolution in other parts of the country and that they owe themselves a duty to take full advantage of the opportunities that will follow GenesysIGNITE 2017.
On his part, Professor Umar Danbatta, executive vice chairman of the Nigerian Communications Commission (NCC) tied digital innovation and development to digital literacy, stating that Government needs to move towards the “pull” strategy with emphasis in the development of appropriate legal framework, applications and local content.
“Digital Access Programme (DAP) is being implemented by the regulator to equip secondary schools across the country with internet connectivity. More than 223 schools have benefited. Internet clouds are being provided within Nigeria’s university and polytechnics to foster improvement in digital literacy and application,” the EVC said through Mr. Tony Ojobo, director, Public Affairs at the Commission.
GenesysIGNITE 2017 has laid a solid foundation for technology development in the south east and south south regions of the country.
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.
The National Information Technology Development Agency (NITDA) is pleased to announce the inaugural meeting of the Startup Consultative Forum, scheduled for Monday April 28, 2025 This milestone event marks a significant step in deepening stakeholder engagement within Nigeria’s growing startup ecosystem.
The Forum will serve as an interactive platform for startup founders, innovators, ecosystem enablers, and intermediaries to actively shape national policies that foster growth, attract investment, and drive digital innovation.
Convened under the framework of the Nigeria Startup Act (NSA), this initiative reflects the government’s commitment to making startups not just stakeholders but key contributors in building an enabling environment for innovation.
The meeting will emphasize collaborative dialogue, with a primary focus on nominating and selecting representatives for the National Council for Digital Innovation and Entrepreneurship (Startup Council)—Nigeria’s highest advisory body for the startup ecosystem. Decisions from this Forum will lay the foundation for inclusive policy development, amplifying the voices of Nigeria’s tech and innovation community.
NITDA invites all Labelled Startups, Verified Entrepreneurial and Innovation Support Organisations, Angel Investors, Venture Capitalists, and other relevant stakeholders to join the Forum and actively participate in the nomination and voting process.
Join us in shaping the future of digital innovation in Nigeria. Together, we can build a thriving ecosystem that supports and celebrates the pioneering spirit of Nigerian startups.
EFCC Secures Arrest Warrant for Six CBEX Promoters
FBI Sends Team to Nigeria to Track Down ‘Sextortion’ Scammers
Report Suspected Illegal Investment Schemes to SEC
Fintechs Add $18m to New Tax Initiative
ALX Nigeria Launches 2025 Ventures Incubator, Premieres Pan-African “Do Hard Things” Finale
Telecom2 days agoNigeria Hits 1 Terabit Internet Traffic Milestone
E-Financial2 days agoFCMB Capital Markets Leads ₦11.85bn GLNG Bond for LNG Plant Expansion
General News2 days agoFG to Introduce New Tax Credit Scheme to Replace Pioneer Status Incentive
Telecom2 days agoMTN Nigeria Faces Class Action Lawsuit over Alleged Data Mismanagement
News2 days agoIMF Downgrades Nigeria’s Economic Growth Forecast Amid Oil Price Decline
E-Financial1 day agoUnion Bank’s Edu360 Initiative Scores Big for Nigerian Football Development
News2 days agoNITDA Fixes Date for Inaugural Meeting of the Startup Consultative Forum
Telecom2 days agoMart Networks Unveils Invinsense 6.0: AI-Powered Cybersecurity Revolution in Africa