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
Tony Elumelu to Receive NPOM Award from FG
Tony O. Elumelu, founder of The Tony Elumelu Foundation (TEF) and chairman of the United Bank for Africa Group (UBA) and Heirs Holdings, will be conferred with the National Productivity Order of Merit (NPOM) Award by the President of the Federal Republic of Nigeria, H.E. Muhammadu Buhari, in recognition of his continuous hard work and total commitment to the empowerment of youths in Nigeria and Africa.
The award ceremony will be held in Abuja, Nigeria on Thursday, November 28.
The NPOM Award was instituted by the Federal Government through the Ministry of Labour and Employment to honour deserving Nigerians in recognition of their hard work and excellence.
In a letter from Dr. Chris Ngige, minister of Labour and Employment, stated, “The President of the Federal Republic of Nigeria has approved the conferment of the National Productivity Order of Merit Award on you in recognition of your high productivity, hard work and excellence”.
Elumelu is one of Africa’s leading investors and philanthropists, as well as the most prominent proponent of entrepreneurship in Africa. In 2010, he created The Tony Elumelu Foundation, a private-sector-led philanthropy empowering African entrepreneurs and championing African entrepreneurship on the continent.
The Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs across 54 African countries.
The Foundation’s mission is inspired by Tony’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.
Embodying this narrative in the private sector, Mr. Elumelu has built his reputation as a corporate turnaround expert.
He is credited for leading the largest merger in corporate banking history in Nigeria, resulting in what is known as present-day UBA Group, Africa’s global bank, employing over 30,000 staff and with branches across 20 African countries, London, New York and Paris.
In 2010, he founded Heirs Holdings, a family-owned investment company, committed to improving lives and transforming Africa. Today, Heirs Holdings’ portfolio spans the power, oil and gas, financial services, hospitality, real estate and healthcare sectors, operating in twenty-three countries worldwide.
Through Heirs Holdings, Elumelu is committed to the sustainable development of the African economy, channelling his investments and experience into improving lives across the continent, while changing the narrative of Africa.
Other awardees include Alhaji Aliko Dangote, Oba Otudeko, Col Hameed Ali (retd.), among other notable Nigerians.
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
General News2 days agoFG to Introduce New Tax Credit Scheme to Replace Pioneer Status Incentive
E-Financial2 days agoFCMB Capital Markets Leads ₦11.85bn GLNG Bond for LNG Plant Expansion
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
Telecom2 days agoMart Networks Unveils Invinsense 6.0: AI-Powered Cybersecurity Revolution in Africa
News2 days agoNITDA Fixes Date for Inaugural Meeting of the Startup Consultative Forum
E-Financial1 day agoUnion Bank’s Edu360 Initiative Scores Big for Nigerian Football Development