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Access Bank speaks on Herbert Wigwe’s death

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Access Bank Plc has reacted to reports of death of its Group CEO, Herbert Wigwe, in a helicopter crash in California, USA.

Wigwe, who has been feared killed in a helicopter crash was said to be with his wife, son, and a former Group Chairman of the Nigerian Exchange Group Plc, Abimbola Ogunbanjo.

The bank in a statement posted on its X handle on Sunday said it has received numerous inquiries concerning the crash and is working with the US authorities for updates.

“We have received numerous inquiries concerning an airplane crash in the USA. Presently, we lack specific information; however, we are actively collaborating with US authorities who will furnish updates.

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“Your understanding and support are valued, and we commit to keeping you informed promptly as we receive updates on the situation.”

Wigwe, his wife and others onboard the ill-fated helicopter are reported to have been en route to Boulder City, Nevada from Palm Springs, California, on Friday night when it crashed at about 10 pm, near a small town in California’s Mojave Desert.

This development has dashed the hope of many Nigerians who planned to fly to the country to watch the final match.

There has been an outcry over the high airfare to Abidjan, which is less than one hour, 30 minutes from Lagos.

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Nigeria’s Air Peace, Asky and Air Côte d’Ivoire, are few of the airlines flying to Abidjan.

Checks by our correspondent revealed that a one-way ticket from the Murtala Muhammad International Airport (MMIA) costs between N890,000 to N1.2million, while a return ticket costs over N2m, depending on the airline.

Checks on the website of Asky on Saturday indicated that a one-way fare is 1,229,811 for Sunday’s flight when the final match would be played, while the same flight costs N890,000.

On Air Côte d’Ivoire, the flight was priced at $913, which is over N1.3m at N1,450 to a dollar.

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Yesterday, a Professor of Law, Joy Ezeilo, a Senior Advocate of Nigeria (SAN), decried the price of flight ticket to Abidjan, saying she dreamt of watching the AFCON match live but was shocked with the price of the return ticket, which is estimated at over N2.1m.

She wrote, “I am dreaming of watching AFCON 2024 live and I enquired about flights to Abidjan to watch our Super Eagles play in the final. I believed that Ivory Coast, being so close (an hour and 35 minutes) wouldn’t cost me too much. However, my travel agent of over 20 years sent me a price quotation of N2,183,000.00, which was a huge shock. I did the math and realised that I would need to save my five months’ salary as a Professor of Law on the last professional step to buy one return ticket to a West African country.

“This is a sad reflection of our current economic realities. Please refrain from attempting to convert to US dollars, it is extremely depressing and demystifying of a full professor position. This will push the resolve of brilliant young ones we are training and mentoring to take over from us farther away from the classrooms to becoming political aspirants/election delegates.

She, however, pointed out that she had made an alternative plan which includes recharging her DSTV at N19,800, and to buy 20 litres of fuel to generate power because they didn’t have electricity during the semifinal match.

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“The struggle continues! Good luck to our Super Eagles! You are in my thoughts and prayers,” she stated.

However, an aviation management consultant, Babatunde Adeniji, said with the huge demand for flight to Abidjan, the value of a seat on the route also increased.

“Demand and supply of must-watch mean that each seat becomes so much more valuable. The demand and supply principle states that because of this final match, which is coming up just once, the value of your seat has gone up. If you throw a bid now on a 120-seat aircraft for all Nigerians to bid for seats, you know some people would bid much more than this amount you are even talking about, and that’s what is happening with ticketing,” he said.

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Just in: Ex-HoR member finally regains freedom after serving jail term in Kuje

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Ex- House of Representatives member, Hon Farouk Lawan has finally regained freedom after serving his jail term at Kuje custodial.

Lawan in a statement he personally signed thanked his family and friends who supported him while serving his jail term in Kuje.

Read statement below:

“I Thank Almighty Allah – Hon Farouk Lawan

Alhamdulillah
Alhamdulillah
Alhamdulillah

“Today marks the beginning of a new chapter in my life as I step out of Kuje Custodial Centre, with a heart full of gratitude to Allah SWT for seeing me through this trial.

“My gratitude is deep, I’m alive and in good health and high spirits to be with my family, friends and associates. I don’t take that for granted.

“I remain grateful and indebted to my family and friends who stood by me through this particularly trying phase of my life.

“May Allah SWT bless you🙏

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Reps Displeased With Nigerian Navy Over Arbitrary Purchase of Foreign Platforms, Seaman Abbas’ Dismissal

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By Gloria Ikibah
The House of Representatives has expressed displeasure with the Nigerian Navy for indiscriminate acquisition of foreign platforms without its knowledge, and failed to respond to its letters demanding for documents to facilitate effective oversight of the security agency.
Chairman, House Committee on Navy, Rep Yusuf Gagdi stated this while addressing journalists after a closed door meeting with the leadership of the Nigerian Navy, during an oversight visit, on Monday in Abuja.
He said: “We cannot say anything now until we have gone to see those projects, the platforms that are being built, then we can come back here, and have another interaction”.
Gagdi also provoked with the Nigerian Navy over at manner in which the case of a personnel, Seaman Haruna Abbas, was handled, leading to his dismissal after six years in detention.
Abbas was allegedly held in detention for the period without trial over some disciplinary issues. As a result, his wife had cried out through a popular Abuja radio programme, Brekete Family Radio and Television programme on Human Rights Radio. This sparked wide condemnation before the Navy tried and subsequently dismissed him from service.
“We came for an oversight function, you all know every committee has the Constitutional power, so we came to the Navy to ask questions on tax payers’ money, how monies appropriated to the Navy is being spent.
“We came to ask questions on how interventions by the President of the Federal Republic of Nigeria is being spent by the Navy. How the junior officers are being treated by the senior officers, including the famous case of Seaman Haruna, how he was suddenly dismissed. It is our responsibility on behalf of the Nigerian people to  ask questions on these pertinent issues.
“We’ve asked them, but we are generally uncomfortable with them, so we’ve said that we are going to go on oversight visit, to perform a deep rooted oversight to know how resources are being applied and how disciplinary matters are being handled by the Navy.
“So by the special grace of God, it’s not a new thing, we are only doing our job. And I have told you without any fear of contradiction that the committee is not satisfied.
“Beyond the Seaman Abbas issue, we are not satisfied with the non-response to letters written by this committee, for documents demanded to guide us in our oversight function and so on, and the acquiring foreign platforms without the knowledge of this committee, and so many things.
“We cannot say anything now until we have gone to see those projects, the platforms that are being built, then we can come back here, and have another interaction”, he added.
In his brief earlier, the Chief of Naval Staff,  Vice Admiral Emmanuel Ogalla, told the committee that the Navy was facing several challenges hinging on but not limited to “inadequate resources to effectively carry its operations.”
The CNS stated that beyond its military responsibility, the Navy also performs the function of policing the waterways, complementing the Nigeria Customs which has no deep-sea policing capacity.
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SEE Black Market Dollar To Naira Exchange Rate Today, October 22

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See Exchange Rate As Naira Gains 0.07%

Black Market Dollar To Naira Exchange Rate Today, October 22 2024 Can Be Accessed Below.

The official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates.

Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand for dollars in the market. While you can currently purchase one dollar at a certain rate, it’s important to remember that the rate can shift (either upwards or downwards) within hours.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1715 and sell at N1725 on Monday 21st October 2024, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1715
Selling Rate N1725
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1651
Selling Rate N1652
Please note that the rates you buy or sell forex may differ from what is captured in this article because prices vary.

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