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CBN board approved AMCON takeover of Arik Air, EFCC tells court

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The Economic and Financial Crimes Commission on Tuesday told a Lagos State Special Offences Court sitting in Ikeja that the Board of Governors of the Central Bank of Nigeria approved the takeover of Arik Air Limited by the Asset Management Corporation of Nigeria following the airline’s alleged severe financial decline.

The disclosure was made before Justice Mojisola Dada by the fourth prosecution witness, Bawa Kaltungo, an Assistant Director with the EFCC.

Kaltungo said the commission obtained a Certified True Copy of the minutes of the CBN Board of Governors’ meeting where the decision to appoint a receiver-manager for Arik Air was taken shortly after the intervention.

According to the witness, the meeting of February 15, 2024, was presided over by the then CBN Governor, Godwin Emefiele, and attended by senior officials of the apex bank.

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Those present at the meeting included Deputy Governor, Corporate Services, Sulaiman A. Barau; Deputy Governor, Economic Policy, Sarah O. Alade; Deputy Governor, Financial System Stability, Okwu J. Nnanna; and Deputy Governor, Operations, Adebayo A. Adelabu.

Others listed were Director of Corporate Secretarial, Yunusa Sanusi; Director of Banking Supervision, Ahmed Abdullahi; Senior Manager, Banking Supervision, Adebayo Aderonke; as well as former Managing Director of AMCON, Ahmed Kuru.

The witness told the court that the minutes showed that Kuru briefed the board on the deteriorating financial and operational condition of Arik Air, warning that the airline, which accounted for about 60 per cent of domestic passenger traffic, could collapse within two weeks if urgent intervention was not taken.
He said Kuru also informed the board that the airline had paid out cash collaterals to its technical partner, Lufthansa, and allowed it to exit Nigeria, suggesting that the owners had effectively abandoned the business.

Kaltungo added that discussions held with three major creditor banks equally led to a consensus that the CBN should step in to rescue the airline.

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The EFCC has arraigned former AMCON Managing Director, Ahmed Kuru; Kamilu Omokide, a former receiver-manager of Arik Air; Captain Roy Ilegbodu, the airline’s Chief Executive Officer; Union Bank of Nigeria; Super Bravo Limited; and Mohammed Abbas Jega.

They are facing a six-count charge bordering on conspiracy, stealing, abuse of office and making false statements over the alleged fraudulent conversion of N76 billion and $31.5 million said to belong to Arik Air.

Beyond the approval of the takeover, the witness further alleged that while serving as receiver-manager, Kuru diverted funds belonging to Arik Air to settle insurance liabilities owed by Umza Airline.

“In the course of investigation, we discovered that Arik Air’s money was used to pay the insurance of Umza Airline,” Kaltungo told the court.

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He stated that Umza Airline confirmed the payment and that although repayment had commenced, it had not been completed as at the time of investigation.

The witness also disclosed that the EFCC invited the account officer connected to the transaction, who subsequently provided a signed statement of the loan account alongside a covering letter.

According to him, the commission sought to determine whether the receiver-manager was properly carrying out the responsibilities assigned to him.

“We discovered he was not,” the witness said.

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Kaltungo further told the court that during the investigation, one of the defendants wrote a petition to the Attorney-General of the Federation, alleging harassment and requesting that the probe be halted.
He said the petition was accompanied by 39 attachments, including a legal opinion issued by the Solicitor-General of the Federation, claiming that the allegations did not disclose any criminal offence.

Proceedings were briefly interrupted when the prosecution sought to tender a Certified True Copy of an insurance certificate allegedly linked to the Umza Airline payment.

However, defence counsel — Prof. Taiwo Osipitan, SAN; Mrs. Oyinkansola Badejo, SAN; Mr. Olalekan Ojo, SAN; and Mr. Tayo Oyetibo, SAN — objected to the admissibility of the document.

They argued that the alleged diversion of funds for insurance premium payments was not contained in any of the six counts before the court and therefore had no relevance to the case.

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“There is no way this document can go in,” the defence submitted.

In response, prosecution counsel, Dr. Wahab Shittu, SAN, urged the court to admit the document, contending that the defendants were standing trial for offences including abuse of office and stealing.
But in a bench ruling, Justice Dada held that since the insurance certificate was not specifically listed among the counts in the charge, it could not be admitted in evidence.

The court subsequently adjourned the matter until February 26, 2026, for continuation of trial.

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C’River: Pastor allegedly beats 14-yr old girl to death over claims of theft

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Tragedy truck in Wula, in Eastern Boki, Boki local government area of Cross River state when a pastor allegedly beat a 14-year-old girl, Nancy Peter to death.

The incident sparked outrage after allegations that she was first beaten by her mother and later flogged by a pastor over claims of theft.

In a statement by the Cross River State Police Relations Officer, ASP Sunday Eitokpah, he disclosed that preliminary findings indicate that the victim, identified as Miss Nancy Peter, was first assaulted by her mother, Mrs. Agnes Peter, 45, before being taken to Pastor Samson Roman Dago, 43, who allegedly subjected her to further corporal punishment with a cane.

He said a full-scale investigation has begun to really establish the exact circumstances surrounding the incident and determine the involvement of all those linked to the tragedy.

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The command also dismissed, for now, social media claims that the girl was sexually assaulted, saying no evidence had been found to support such allegations.

It added that medical examinations and other investigative steps were ongoing.

Some village sources said the teenager became unconscious after the beating and was rushed to a medical facility in Wula Community, where doctors confirmed her dead on arrival.

Vanguard gathered that the community has now been left in shock, as the death has revived painful concerns about the dangers of corporal punishment and the need for greater child protection.

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A child rights advocates, James Ibor esq, and principal Counsel at Basic Rights Counsel Initiative, ( BRCI)said that physical punishment does not correct children; it scars them, deepens fear, and can lead to irreversible harm.

“It is reprehensible and heartbreaking , that in 2026 this kind of barbaric act will still be happening, after the child rights act was passed since 2023.

“I’m calling on the Commissioner for police not to allow this girl’s murder to go unpunished , neither should it be forgotten like other murders of this nature.

“A child should never be disciplined to the point of collapse. This is a tragedy that should never have happened, the police must do everything possible to ensure the girl get’s justice , it is a sad development, ibor said.

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Tinubu back to Abuja after Eid-el-Kabir break

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President Bola Tinubu returned to Abuja on Tuesday evening after spending the Eid-el-Kabir holiday in Lagos, where he carried out a string of political and official engagements, the Special Adviser on Information and Strategy, Bayo Onanuga, said in a statement.

The President’s aircraft touched down at the Presidential Wing of Nnamdi Azikiwe International Airport at 5:17 p.m., and he was received by senior government officials, including the Minister of the Federal Capital Territory, Nyesom Wike; Chief of Staff, Femi Gbajabiamila; National Security Adviser, Nuhu Ribadu; and Inspector General of Police, Tunji Disu.

During the holiday period, Tinubu received Vice-President Kashim Shettima and other visitors during the traditional Sallah homage from several political leaders. “I thank all those who came to observe the Sallah rites with me,” the President was quoted to have said in the statement, noting the visits by top legislators and party leaders.

The President also hosted the leadership of the Senate, led by Senate President Godswill Akpabio, and welcomed members of the Nigeria Governors’ Forum under the chairmanship of Kwara State Governor, AbdulRahman AbdulRazaq. APC stakeholders from Oyo State—including the party’s governorship candidate, Sharafadeen Alli—and the party’s House of Representatives and State Assembly candidates from Lagos were among those who visited the President during the holiday.

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On Monday, Tinubu attended the International Fleet Review at Eko Atlantic City Waterfront, an event marking the 70th anniversary of the Nigerian Navy. There he commissioned three naval vessels—NNS Oloibiri, NNS Mambila, and NNS Gurara—underscoring his administration’s focus on maritime security. “The commissioning of these vessels is a step toward protecting our maritime domain and supporting national security,” the President said.

Also on Monday, President Tinubu met with the President of the Republic of Benin, Romuald Wadagni, in what the statement said “reinforced the longstanding bond of friendship, regional cooperation, and economic partnership between the neighbouring countries.”

The statement added that before the holiday, the President participated in the All Progressives Congress (APC) primaries in Lagos, voting in his own primary and receiving the party’s endorsement.

The statement reiterated that President Tinubu was endorsed nationwide by close to 11 million voters as the APC’s flagbearer for the 2027 presidential election.

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Boko Haram: NAF Chief assures of people-centred air operations

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The Chief of the Air Staff (CAS), Air Marshal Sunday Aneke, has again reaffirmed the commitment of the Nigerian Air Force (NAF) to conducting professional, responsible, and people-centred air operations in its ongoing counter-terrorism and other security operations across the country.

Aneke also assured that the commitment of the NAF remains steadfast in its resolve to institutionalise Civilian Harm Mitigation and Response (CHMR) across all levels of operations as part of its commitment to global best practices.

The CAS made this known while declaring open the maiden NAF Seminar on Civilian Harm Mitigation and Response for strategic-level officers.

The one-day seminar, which was held at the MD Umar Blue Room, Headquarters Nigerian Air Force in Abuja, brought together an array of senior military officers, security stakeholders, policy experts, civil society representatives, journalists, and subject-matter experts to deepen institutional understanding of civilian protection considerations in contemporary military operations.

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In his address at the seminar, Air Marshal Sunday Kelvin Aneke, who described the initiative as a significant milestone in the NAF’s continuous efforts to strengthen professionalism, accountability, and operational effectiveness, noted that the evolving security environment requires military leaders to balance mission accomplishment with the protection of civilian lives and property, stressing that strategic-level officers play a critical role in shaping operational decisions, institutional responses, and public narratives.

While noting that the NAF remains steadfast in its resolve to institutionalise Civilian Harm Mitigation and Response across all levels of operations as part of its commitment to global best practices, the CAS said maintaining public trust and confidence is essential to achieving lasting operational success.

He said, “Civilian Harm Mitigation and Response is not a constraint on our operational effectiveness; rather, it is a framework that enhances precision, improves decision-making, and ultimately preserves strategic legitimacy.”

He further stressed that civilian protection considerations enhance mission effectiveness by promoting informed decision-making, accountability, and operational discipline.

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Earlier, in his welcome address, the Chief of Civil-Military Relations (CCMR), Air Vice Marshal Edward Gabkwet, described the seminar as a landmark initiative in the Nigerian Air Force’s ongoing efforts to strengthen professionalism, accountability, and civilian protection in military operations.

He noted that modern military operations demand a careful balance between mission accomplishment and humanitarian considerations, particularly in complex operational environments where civilians are often present.

According to the CCMR, “Operational success is not defined solely by tactical achievements, but by the ability to conduct operations with precision, discipline, restraint, and utmost regard for the safety, dignity, and wellbeing of civilian populations within areas of operation.”

Air Vice Marshal Gabkwet further highlighted the NAF’s deliberate efforts to strengthen Civilian Harm Mitigation and Response through doctrine development, training, and capacity-building initiatives. He noted that the seminar was organised at the directive of the Chief of the Air Staff to enhance strategic-level understanding of CHMR principles and equip senior leaders with practical tools for balanced, objective, and timely decision-making. He added that effective civilian harm mitigation requires collaboration among military, paramilitary, and civilian stakeholders, making the broad participation at the seminar both timely and essential.

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The seminar featured presentations and discussions by renowned experts in civilian protection, human rights, and military operations, providing participants with a platform for constructive dialogue on best practices, operational lessons, and practical approaches to minimising civilian harm while maintaining operational effectiveness.

The Chief of the Air Staff expressed confidence that the outcomes of the engagement would further strengthen the Nigerian Air Force’s commitment to professionalism, operational excellence, and accountability while reinforcing its determination to protect civilians and uphold the highest standards in the conduct of air operations.

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