‎‎NAF RECEIVES FIVE NEW HELICOPTERS AS FG ACCELERATES AIRPOWER MODERNISATION. (PHOTO).

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 ‎‎NAF RECEIVES FIVE NEW HELICOPTERS AS FG ACCELERATES AIRPOWER MODERNISATION ‎ The Nigerian Air Force (NAF) has taken delivery of five new helicopters as the Federal Government accelerates efforts to modernize Nigeria’s airpower capabilities and strengthen the Armed Forces’ capacity to respond effectively to contemporary security challenges.  ‎ ‎A statement by the Director of Public Relations and Information Air Commodore Ehimen Ejodame indicates that the platforms comprise three AW-109 Trekker B helicopters  and two H-125 helicopters. ‎ The three AW-109s, which form part of 10 recently acquired by the Federal Government, were received in Lagos on 15 September 2026, with the remaining seven expected to be delivered before the end of 2026. ‎ ‎The Chief of the Air Staff, Air Marshal Sunday Aneke, described the acquisition as another significant milestone in the Federal Government’s sustained investment in the modernization and re-equipment of the NAF noting that the new pl...
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BANK OF ZAMBIA EXPRESSED CONCERN OVER IT'S CITIZEN'S PARTICIPATION IN FRAUDULENT FINANCIAL SCHEMES. (PHOTO). #PRESS RELEASE.

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 The Bank of Zambia has expressed concern over the continued participation of members of the public in fraudulent financial schemes worries Bank of Zambia


BOZ Assistant Director Communications Besnat Mwanza says the schemes typically promote investment options that promise abnormally high returns.

READ PRESS RELEASE BELOW:

Bank of Zambia


PRESS STATEMENT


WARNING AGAINST MONEY CIRCULATION SCHEMES


The Bank of Zambia has observed, with concern, the continued participation of members of the public in fraudulent financial schemes. The schemes typically promote investment options. that promise abnormally high returns. Countless citizens continue to lose their hard-earned money to such schemes.


The Rank reiterates that any person who conducts or participates in a money circulation scheme or issues a notice, circular, prospectus, proposal or other document inviting the public to subscribe to a money circulation scheme commits an offence. Promoting such schemes contravenes, among others, Section 157 of the Banking and Financial Services Act which states that, "a person who conducts or participates in a money circulation scheme commits an offence and shall be liable to prosecution."


Members of the public are, therefore, encouraged to be on the look-out and report any suspicious financial institutions to law enforcement agencies. They are particularly encouraged to only deal with licensed financial service providers when making investments. This is the first step in safeguarding one's money.


Unlicensed institutions perpetrating fraudulent financial services and products and members of the public participating in such schemes are warned that they do so at the risk of prosecution.


The following are the institutions licensed by the Bank of Zambia:


Commercial Banks


Non-Bank Financial Institutions


Payment System Institutions


Issued by


An


Besnat Mwanza


Assistant Director-Communications


May 23, 2024

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