FG ANNOUNCES TEMPORARY CLOSURE OF OWERRI AIRPORT FOR RUNWAY REHABILITATION. (PHOTO).

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 FG ANNOUNCES TEMPORARY CLOSURE OF OWERRI AIRPORT FOR RUNWAY REHABILITATION  The  Minister of Aviation and Aerospace Development, Festus Keyamo, has announced the temporary closure of the Sam Mbakwe International Cargo Airport, Owerri, to allow for major runway rehabilitation works. A statement by the  Minister says the closure has become necessary to improve safety and operational efficiency at the airport, ahead of the Christmas travel season. It adds that the rehabilitation project is a joint partnership between the Federal Government and the Imo State Government, and will involve repairs to deteriorated sections of the runway, treatment of surface cracks, filling of potholes, resurfacing, and extension works to accommodate larger aircraft. The Minister disclosed that he had earlier spoken with the Governor of Imo State, Senator Hope Uzodimma, who, along with other critical stakeholders in the South-East, agreed on the need for the temporary closure. The airport i...

COURT JAILS BDC OPERATOR FOR ILLEGAL FOREX TRADING IN LAGOS. (PHOTO).#PRESS RELEASE


 Court Jails BDC Operator for Illegal Forex Trading in Lagos


 


Justice F. N. Ogazi of the Federal High Court, Ikoyi, Lagos, on Tuesday, August 4, 2026,  convicted and sentenced a bureau de change (BDC) operator, Dabo Malam Ardi, to two months imprisonment for engaging in illegal foreign exchange transactions.


Ardi was arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on a one-count charge bordering on an illegal foreign exchange transaction.


The charge reads: “That you, Dabo Malam Ardi, sometime in 2026 in Lagos State, within the jurisdiction of this Honourable Court, engaged in a foreign exchange transaction other than through the official foreign exchange market and thereby committed an offence contrary to Section 11(1)(a) of the National Economic Intelligence Committee (Establishment, etc.) Act, 1994, and punishable under Section 11(2) of the same Act."


 

The defendant pleaded guilty to the charge when it was read to him.


Following his guilty plea, prosecution counsel, S. I. Suleiman reviewed the facts of the case and urged the court to convict and sentence the defendant accordingly.


Justice Ogazi found Ardi guilty and sentenced him to two months imprisonment, with an option of a fine of ₦80,000( Eighty Thousand Naira only).

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