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New Airport Terminal In Abuja To Handle 15m Passengers – FAAN

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New Airport Terminal In Abuja To Handle 15m Passengers - FAAN

The Federal Airports Authority of Nigeria (FAAN) has said the newly completed terminal building at the Nnamdi Azikiwe International Airport, Abuja, will process 15 million passengers annually when it begins operations.

Mr. Saleh Dunoma, the Managing Director of FAAN, said that the terminal building was designed essentially to transport passengers.

He said the terminal building would be inaugurated on Dec. 20 to enhance the operational capacity of the airport.

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The FAAN boss disclosed that the current carrying capacity of the airport was 7.5 million passengers per annum.

He said that the inauguration of the new terminal would bring about expansion to the airport.

He said that passengers would begin to enjoy comfort and efficient services, saying the terminal was built and equipped with modern facilities such as modern check-in, baggage handling, and security facilities.

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He said that the nation now had a terminal that can process 15 million passengers which he described as a great departure from what it had before.

The Abuja Airport is one of the four new terminals being constructed at the cost of $600 million by the China Civil Engineering and Construction Company (CCECC) under the Export-Import Bank of China loan.

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The others are in Lagos, Port Harcourt, and Kano and are being financed from the $500 million loans from China-Exim bank and $100 million counterpart funding from the Federal Government.

President Muhammadu Buhari had in October inaugurated the one in Port Harcourt while the remaining two are expected to be opened for operations in 2019.

Nigerian News

CCT Declines To Suspend Onnoghen’s Trial

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CCT Declines To Suspend Onnoghen's Trial

The Code of Conduct Tribunal, CCT, in Abuja, has declined to suspend further proceedings in the criminal charge against the Chief Justice of Nigeria, Justice Walter Onnoghen.

The tribunal, said in a two-to-one decision, it would go ahead to hear the application the CJN filed to challenge its jurisdiction to try him on the six-count charge entered by the federal government that bordered on his alleged refusal to declare his assets.

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There was a sharp disagreement between the chairman of the tribunal,  Danladi Umar and another member of the panel, William Agwadza Atedze, on the legal propriety of going ahead with trial, despite four separate interim injunctions, restraining all the parties from taking further steps in the matter, pending the determination of suits before different high courts and the National Industrial Court, NIC.

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Umar says the tribunal is not constitutionally bound by orders from both the high court and the NIC

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Nigerian News

House Of Reps Summons 21 Mgt. Staff Of PenCom Over Pension Fund

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House Of Reps Summons 21 Mgt. Staff Of PenCom Over Pension Fund

Still in the house, top management staff of the National Pension Commission and 21 pension funds administrators have been asked to appear before the House of Representatives on Thursday.

An ad hoc committee issued the summons on Tuesday as part of its investigation of the alleged sharp practices by pension administrators and custodians.

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The committee invited the acting director-general, PenCom, Aisha Dahir-Umar, and other top executives of the commission, the pension administrators and custodians mandated with the management of pension funds.

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The committee is demanding information on the net assets of the contributory pension funds, details of supervisors and regulators of pension funds administrators and their key instructions and performances, compliances and defaults, details of payment into treasury single account, as well as bank accounts operated by the commission.

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Business News

Shell, Total Shut Down Four GenCos Over Debts

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Shell, Total Shut Down Four GenCos Over Debts

Four Gas Generating Companies (GenCos) have shut down production as a result of their failure to pay gas debts owed Shell Petroleum Development Company (SPDC) and total, as well as their inability to access fresh loans for gas.

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Some of the GenCos have now resorted to securing credit facilities from commercial banks to sustain their production.

 

The executive secretary, Association of Power Generation Companies (APGC), Joy Ogaji said the power plants shutdown production because of lack of access to take loans.

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Ogaji says the 700 billion naira power assurance guarantee, which the federal executive council approved for the companies in the first quarter of 2017, has been exhausted.

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But there are hopes that the federal government would make the Electricity Distribution Companies (DISCOS) pay at least 80 per cent of their invoices.

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