Tolulopeayowunmiehuwa

  The Asset Management Company of Nigeria has announced that the Ibadan Electricity Distribution Company (IBEDC) has been sold. Gbenga Alake, the managing director (MD) and chief executive officer (CEO) of AMCON, disclosed details of the sale during a media parley with media executives on Thursday. In April 2024, the federal government said it would sell five power distribution companies under the management of banks and AMCON. The DisCo, managed by AMCON, is one of five listed firms. The rest are the Abuja Electricity Distribution Company (AEDC), Benin Electricity Distribution Company, Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company. Speaking at the conference, Alake said the company was sold for N100 billion. He said AMCON will soon hand over the power firm to the preferred bidder. “ Today, I announce to you that Ibadan DisCo has been sold. When we came in, it has already been sold. It was sold for how much?” the AMCON boss said. “We ...

  Enugu Air, an Enugu-state owned commercial airline is set to launch on Monday, July 7, 2025, a statement released by the state government on Thursday has revealed. According to the state government, Enugu Air is part of Governor Peter Mbah Administration’s integrated blueprint for a modern, multimodal transport ecosystem and vision to make Enugu a major aviation hub. In the statement signed by the Commisssioner for Transportation, Dr. Obi Ozor, the government said that the launch of Enugu Air would take place at the Akanu Ibiam International Airport with the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, as the Special Guest of Honour, among other dignitaries. “Enugu Air will take off with an initial fleet of three Embraer aircraft, E170 and E190 series, selected for their efficiency, comfort, and adaptability to the regional market. “ The inaugural routes will establish a ‘golden triangle’ with Enugu at its core, connecting Abuja and Lagos...

  Reps kick as Ibas allocates N24bn for CCTV, N30bn for gunboats in Rivers’ 2025 budget The house of representatives ad hoc committee on the oversight of Rivers has faulted Ibok-Ete Ibas, sole administrator of the state, over some proposed expenditures in the N1.48 trillion 2025 budget. On June 25, the senate passed the N1.48 trillion appropriation bill for Rivers state. According to the budget breakdown, N120.8 billion is earmarked for debt servicing, N287.38 billion for recurrent (non-debt) expenditure, while N1.077 trillion will be invested in capital projects. Speaking during a budget defence session in Abuja on Monday, Julius Ihonvbere, majority leader of the house and chair of the ad hoc committee on Rivers, said the committee had reviewed the proposal and flagged multiple concerns. Ihonvbere queried the N24 billion earmarked for CCTV, N30 billion allocated for gunboats, and N23 billion for contingency allocations in the Rivers’ budget, demanding a breakdown and ...

  Jordan Wike, the 25-year-old first child of the FCT minister, received prioritised and fraudulent land allotments across the Nigerian capital from his father, Peoples Gazette can report, in what senior civil servants are characterising as one of the most audacious acts of self-dealing in public service witnessed in decades. Documents reviewed by The Gazette showed Mr Wike, who recently completed his master’s degree in law at a UK college, as the beneficiary of at least 1,740 hectares of land worth $2.85 billion allocated over the past year, including pricey lands his minister father Nyesom Wike abruptly confiscated from original owners under his arcane pretext of non-compliance with land use regulations. Jordan Wike’s illicit land acquisitions are part of his father’s expansive land-grabbing scheme that The Gazette recently uncovered. The first story from a trove of approval records our reporters obtained from the minister’s office was published nearby last week, d...

  REQUEST FOR FINANCIAL ADVISORY AND ARRANGER SERVICES For the Acquisition of a Majority Stake in a Nigerian Airline... BSL AVIATION CONSORTIUM Chairman: Barrister Olusola Iji, Former Nigerian Ambassador to Togo... Proposed directors upon acceptance of nomination to the new Board of Directors... Mrs. Modupe Olusola Miss Otutochi Wigwe Adaora Benedict Oramah Florence Otedola. Secretary: Tolulope Ayowunmi Ehuwa. 01-07-2025 Richard Vargo Chief Executive Officer AAY INVESTMENTS GROUP Subject: Request for Financial Advisory and Arranger Services for Acquisition Of Nigerian Airline Aero Contactors... Dear Richard Vargo, We are pleased to formally approach your esteemed institution with a request to act as Financial Adviser and Lead Arranger for the acquisition of a majority 65% equity stake in a Nigerian airline AERO CONTRACTORS from the Federal Government of Nigeria (FGN) currently held by the Asset Management Corporation of Nigeria (AMCON) . This strategic move is part of our br...

  Tech billionaire and World's Richest Man, Elon Musk, has once again criticized President Trump's $2 trillion bill, claiming the bill will push the debt ceiling to a record $5 trillion. He says it's time for a new political party that "actually cares for the people". It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people. Source: https://x.com/elonmusk/status/1939762942851027127 Re: Elon Musk Slams Trump's "Big Beautiful Bill". Calls For New Political Party