Aviation
IEI Pledges Support For Nigeria’s Aviation Industry
A leading insurance underwriter in Nigeria, International Energy Insurance (IEI)Plc, has intensified its commitment to the development and confidence building of the aviation industry in Nigeria.
This was demonstrated recently at Murtala Mohammed Airport Terminal 2, when Med View Airline launched its local commercial flight services. IEI led a syndicate of insurers to provide insurance cover for the two aircraft recently acquired by Med View Airlines.
The Managing Director of Med View Airlines, Muneer Bankole, commended IEI for the huge interest in the development of the aviation industry, particularly Med View Airlines.
The Managing Director/Chief Executive Officer of IEI Plc, Roseline Ekeng, noted that the move is to inspire confidence in consumers and also to provide credibility for the local Airline business.
She stressed that credibility, dependability and innovation are IEI’s core business values, and that the partnership with Med View Airlines Limited is a demonstration of our interest in helping to develop the aviation industry.
IEI from the beginning has demonstrated capacity with a huge capital base and growth efficiency plans.
In 2007, the company successfully raised a capital in the neighbourhood of N7 billion from private placement.
IEI became Plc, with an authorised share capital of N8.5billion, with N3.2 billion paid up, and shareholders’ fund of N9.02 billion as at 2010 financial year end.
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Aviation Professionals Want Agencies Boards’ Inauguration
As a measure to curb corruption and restore accountability, the Association of Nigeria Aviation Professionals (ANAP), has called on the Minister of Aviation and Aerospace Development, Festus Keyamo, to push for the urgent formation and inauguration of governing boards for all other aviation agencies.
ANAP’s Secretary General, AbdulRasaq Saidu, made this call at the weekend when interacting with aviation correspondents, in reaction to recent inauguration of Board of the Federal Airports Authority of Nigeria (FAAN).
Keyamo had recently inaugurated the FAAN board, more than six months after its members were appointed by President Bola Tinubu, where Dr. Umar Ganduje was named Board Chairman, with FAAN’s Managing Director, Olubunmi Kuku, as the Vice Chairman.
Other board members include representatives from the Ministries of Justice, Defence, Tourism, and Aviation, as well as professionals from the Nigerian College of Aviation Technology, and FAAN’s legal department.
The ANAP scribe there urged the aviation Minister not to stop at FAAN but to ensure that all aviation parastatals are given functional boards to restore order and credibility to the sector.
He, however, commended Keyamo for recently inaugurating the board of the Federal Airports Authority of Nigeria but stressed that more needed to be done.
Saidu also warned that the continued delay in constituting boards for other aviation agencies creates room for unchecked abuses, including illegal contracts, fraudulent employment practices, and mismanagement.
“The absence of governing boards violates the enabling Acts that established these agencies. Only properly constituted boards can enforce discipline, ensure due process in decision-making, and provide oversight to prevent corruption”, Saidu said.
He emphasised that the aviation unions, including ANAP, have consistently raised concerns about poor governance and lack of transparency within the aviation system.
He called on President Bola Tinubu to act swiftly by appointing board members for all relevant agencies, in the interest of fairness and aviation safety.
Saidu also tackled the former Minister of Aviation, Senator Hadi Sirika, for failing to inaugurate any boards during his eight-year tenure, despite appointments being made by former President Muhammadu Buhari.
“ANAP raised the alarm several times under Sirika’s leadership, but nothing changed. That lapse has continued under the current administration, and it must be addressed now”, Saidu stated.
By: Corlins Walter
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