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Dana Crash Report: NASS To FG: Sack NCAA DG, Inspector

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The National Assembly  has directed that the appointments of the Director General of Nigerian Civil Aviation Authority (NCAA),  Dr Harold Demuren and that of the Inspector, Engr Suleiman Akwuh be terminated for professional negligence and incompetence respectively

In spite of the fact that Dana Airline has restored its operations some months back, the National Assembly also directed that the airlines’ current AOC should be revoked on the ground that it was not originally issued in accordance with the NCAA regulations 2009.

The Senate at plenary on Tuesday, gave these directives following the findings of the joint committee (Senate and House of Reps) after its investigations on the remote causes of the June 03, 2012 crash of the ill fated Dana aircraft which claimed over 150 lives.

The joint Committee led by Senator Hope Uzodimma had in its report on November 29, 2012 indicted both the Dana Airline operators and the NCAA management.

The report as read and considered at the Senate chambers showed that the ill-fated aircraft had not been air worthy and had been involved in five out of 14 air returns due to system failures recorded in the airline between October, 2009 and May, 2012.

The actual age of the ill-fated aircraft according to the report was 22 years , an old generation air craft (MD83) “that has been decommissioned by the manufacturer and phased out by many airlines”.

Amongst anomalies that played out during the investigation , the lawmakers found out that Dana airline has no credible insurance certificate as there was no evidence to authenticate their claim to have been insured by the Lloyd of London while families of the aircrash victims petitioned the committee over the failure of the airline to pay due compensation on victims.

The poor condition of both the management of the NCAA, Accident Investigation Bureau(AIB) , Airport Fire fighting and search and rescue department of FAAN whose low capacity were said to have made way for such huge losses of lives as some could have been rescued if prompt action was taken .

While Dana failed to avail the committee of some useful documents, the committee also found out that the N200 billion Aviation Intervention Fund was only used to refinance existing facility with banks instead of improving the services of airlines in Nigeria.

Equipments and facilities in the airports were also found to be in abysmal conditions .

The committee therefore amongst others recommended that MD83 aircrafts be phased out and the AIB (FAAN) , NAMA be properly equipped.

The lawmakers demanded that the management and operations of NCAA remain autonomous   and insists that every other investigation reports on air mishaps including Bellview, Sosoliso be revisited and made public.

During the consideration of the committee reports, the Senate was almost unanimous on the rot in the aviation sector as occasioned by notable corrupt practices .

Senator Chris Ngige noted that due to corruption , aircrafts which were not air worthy were certified to fly Nigerian air space

“We lost 153 persons on board the airline . This is a situation of culpable homicide , people went and brought an aircraft that is not worthy for any air space in the world to fly in Nigeria,” Ngige said

On the termination of the appointments of Dr Dumoren and Engr Akwuh , Senator Aidoko Attai Ali bluntly made it clear that all those indicted in the remote causes of the monumental loss by now should have resigned.

Briefing Senate correspondents after plenary , the chairman of the joint Committee on Aviation, Senator Hope Uzodimma, noted that there were attempts by some groups to scuttle the report of the committee but insisted that the committee’s insistence on the interest of Nigerians prevailed.

 

Nneka Amaechi-Nnadi, Abuja

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RSG Ready For 2030 Digital Transformation

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The Permanent Secretary, Rivers State  Information and Communications Technology (ICT) Department, Mrs. Elizabeth Akani, has said the State Government was set to meet up the 2030 target of the Federal Government towards the actualization of digital economy.
Akani said this at the Rivers State Sensitization Workshops on The Adoption of Nigeria Start-up Act and National Digital Literacy framework (NDLF), in Port Harcourt, weekend.
She noted that the State was ready for both the adoption and domestication of the Act.
According to her, up to 90-95% preparation have been fully covered by the state in readiness to welcoming the digital economy Act.
“Stakeholders talked about adoption and domestication of the Act, it was fruitful. The draft has been sent to the government”, she said.
She also noted that the move was in line with the digital transformation plan of the state and the country at large.
The Convener, Start South, Mr. Uche Aniche, who made case for full ICT Ministry for the state, said such will command the needed growth in the system.
Aniche stated that until they attained the lofty height, all about Tech-knowledge and growth may not fall in place as expected.
Other tech-operators, such as the Code Garden Chief Executive Officer, Mr. Wilfred Wegwu, who welcomed the idea, said it must be done in the nearest future.
Wegwu noted that technology has taken over the world at present, adding that government at all levels needed to key into the system.
He also stated that the system play major roles in various spheres of life, including relationships and collaboration.
He also revealed that the system now was up to forth Industrial Revolution (4IR), according to global shift ranking.
It will be recalled that the State Government has recently ordered to construct ICT centres across the 23 Local Government Area of the state in order to meet up the yearnings of the technology world.
By: King Onunwor
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Industry Braces For Glut And Investor Demands

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The oil and gas industry is in for a tough year ahead, as it must balance financial discipline, shareholder returns, and long-term investments in the sustainability of the business—while navigating a hypothetical glut.
The warning comes from Wood Mackenzie, which said in a new report that the industry was faced with conflicting trends over the next year that would make decision-making challenging. Among these is an expectation that the market would tip into an oversupply, pressuring prices, while the demand outlook for oil over the long term brightens up, motivating more investments.
“Oil and gas companies are caught between competing pressures as they plan for 2026. Near-term price downside risks clash with the need to extend hydrocarbon portfolios into the next decade. Meanwhile, shareholder return of capital and balance sheet discipline will constrain reinvestment rates,” Wood Mackenzie’s senior vice president of corporate research, Tom Ellacott, said.
The executive added that investors would also influence decisions, as they continue to prioritize short-term returns over long-term investments. This last part, at least, is not unusual in the current investment environment across industries. It could, however, make life even more difficult for oil and gas companies for a while.
The glut that Wood Mackenzie analysts expect is the same glut that the International Energy Agency has been expecting for a while now. Yet that very same International Energy Agency earlier this month issued a warning on the longer-term security of global oil supply, saying the industry needed to step up investment in new production because natural depletion at mature fields was progressing faster than previously assumed.
Per the report, if the industry has to maintain current levels of oil and gas production, more than 45 million barrels per day of oil and around 2,000 billion cu m of natural gas would be needed in 2050 from new conventional fields. It’s worth noting that this is maintenance of current production levels, assuming demand will not rise, which is a risky assumption.
Even with projects ramping up and new ones approved for development and not yet in production, a large gap still exists “that would need to be filled by new conventional oil and gas projects to maintain production at current levels, although the amounts needed could be reduced if oil and gas demand were to come down,” the IEA said.
However, demand could just as well increase, heightening the degree of uncertainty in the industry and making long-term planning even more challenging—especially for companies with higher debt-to-equity ratios. Wood Mackenzie expects those with gearing of above 35% would prioritise resilience over long-term growth, while those with better debt positions would turn to divestments and asset acquisitions to improve the quality of their portfolio.
Share buybacks will also remain on the oil industry’s table as a favorite tool for making shareholders happy, although, Wood Mac notes, these tend to dry up when oil slips below $50 per barrel. Interestingly, the analytics company does not seem to factor into its analysis a scenario where prices might go up instead of down, especially now that President Trump has signaled he would be willing to step up pressure on Russia to bring a swifter end to the war in Ukraine.
If prices do rise, for whatever reason, including failure of the massive 3-million-bpd glut that the IEA predicted to materialize, then the immediate outlook for the oil and gas industry becomes different—but not too different. Companies have already demonstrated they would not return to their old ways of splurging when times were good and tightening belts when times were bad. They would likely stick to spending caution and shareholder return prioritization, regardless of prices.
By Irina Slav
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ECN Commences 7MW Solar Power Project In AKTH

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As a landmark intervention designed to guarantee uninterrupted electricity supply, the Energy Commission of Nigeria (ECN), has commenced a 7MW solar power project at the Aminu Kano Teaching Hospital (AKTH)
The project is the outcome of ECN’s comprehensive energy audit and strategic planning, which exposed the unsustainable cost of diesel and the risks associated with AKTH’s dependence on the national grid.
Working in close collaboration with the Federal Ministry of Innovation, Science, and Technology under the coordinating leadership of Chief Uche Nnaji, the ECN planned and executed this critical project to secure the hospital’s energy future.
The Director – General, ECN, Dr. Mustapha Abullahi, said “the timing of this intervention could not be more crucial” recalling that only days ago, AKTH suffered prolonged power outages that tragically claimed lives in its Intensive Care Unit.
“That painful incident has strengthened our resolve. With this solar installation, we are ensuring that such tragedies are prevented in the future and that critical medical services can operate without fear of disruption”.
Abdullahi stated that the project is a clear demonstration of the Renewed Hope Agenda of President Bola Ahmed Tinubu in action and reflects ECN’s commitment to making Nigeria’s energy transition people-centered, where hospitals, schools, and other essential institutions thrive on reliable, clean, and sustainable power.
The ECN boss further reaffirmed ECN’s commitment to continued deployment of innovative energy solutions across the nation.
“This is not just about powering institutions; it is about saving lives, restoring confidence, and securing a brighter future for Nigerians”, he stated.
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