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
Pan Atlantic University Honours 69 Pioneer First-degree Graduates
Pan-Atlantic University on Saturday, December 1, 2018, honoured 69 candidates as pioneer first-degree holders at the 15th convocation ceremony of the institution.
Nineteen candidates graduated in Accounting, 25 in Business Administration and 25 in Mass Communication.
Miss Oluwadarasimi Tijani who studied Accounting scored a CGPA of 4.93 out of 5 to top the graduating class. Augustine Chukwuma Nwosu with 4.60 CGPA led the Mass Communication class while Kehinde Olaide Kehinde with 4.90 led in Business Administration. Miss Chisimchere Akunna Chukwu of the M.Sc. Journalism stream topped the master’s degree class.
Dr Kizito Alakwe, an entrepreneur in the integrated marketing communication space, emerged the first to earn a Doctor of Philosophy degree in Media and Communication from the School of Media and Communication.
Pan-Atlantic University awarded certifications to 235 successful candidates at the 15th convocation. The candidates emerged from three schools of the institution, namely the Lagos Business School (LBS), the School of Management and Social Sciences (SMSS) and the School of Media and Communication (SMC).
They included four candidates from the Post Graduate Diploma in Media and Communication, 34 in the full-time M.Sc. in Media and Communication, seven from the part-time and one in the Doctor of Philosophy programme.
The MBA programme of the Lagos Business School graduated 117 candidates. There were 27 from the full-time programme; 69 from the Executive MBA, 21 from the Modular Executive MBA. There were also a successful MPhil and two PhDs in Business Administration.
Pioneer professor of entrepreneurship at the Lagos Business School of the university, Prof Pat Utomi, gave the convocation lecture. He affirmed that education matters and made the difference between Africa and Europe in development. The question Does Education Matter? arose in the South East as the aftermath of the civil war as the trader-entrepreneurs seemed to make faster progress in material terms and the society tended to value material progress above all else.
Studies and experience have shown however that education, healthcare and culture are pillars of progress for societies across all areas of development, Prof Utomi stated. While the whims of government policy may hobble the trader, the educated man can more readily change course relying on the solid foundation of his education.
He charged the new graduates to go out as “values-driven leaders” confident in their capacity to tackle the challenges of a changing world including the age of the Fourth Industrial Revolution.
Pan Atlantic University is a private institution of higher learning located in Lagos. It commenced with the Lagos Business School.
LBS offers several MBA programmes and provides experienced managers with high-quality general management education relevant to the Nigerian business environment. It offers open-enrolment seminars, the MBA and a PhD in Management. It has multiple accreditations.
The School of Media and Communication emerged in recognition of the critical role of the media and entertainment industries in shaping societal values and cultural life and the growing contribution of the creative industries to the Nigerian economy.
It offers the BSc in Mass Communication and Information Science and Media Studies, full and part-time MSc and PhD in Media and Communication as well as certificate programmes for professionals.
The School of Management and Social Science aims to deliver economic and business education relevant to a rapidly evolving global environment. SMSS offers BSc programmes in accounting, business administration and economics and a doctoral programme in management. The Enterprise Development Centre offers opne-enrolment programmes to develop entrepreneurial capacity in small and medium scale enterprises.
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.
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