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BREAKING NEWS: After FG Approval, Keyamo Seals Landmark Airbus Deal in France

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As part of follow-up efforts to the Federal Government’s approval for the establishment of a national aircraft leasing company to support domestic airlines, a delegation from Nigeria’s aviation sector has secured deals with Airbus and other aviation institutions in France.

The delegation, led by the Minister of Aviation and Aerospace Development, Festus Keyamo, visited France to explore opportunities for collaboration, capacity development, and aircraft acquisition.

Members of the delegation included officials from the Ministry of Aviation, the Nigerian Civil Aviation Authority (NCAA), and stakeholders from the public and private aviation sectors, including a seven-man delegation from Isaac Balami University of Aeronautics and Management (IBUAM) and 7Star Global Hangar.

The delegation toured Airbus’ narrow-body and wide-body aircraft assembly plants, as well as helicopter assembly facilities in Toulouse and Marseille, where Airbus executives showcased some of the latest jet and helicopter technologies.

The company also expressed interest in expanding investment opportunities in Nigeria and the wider West African aviation market.

During the visit, the minister secured opportunities for IBUAM and other Nigerian institutions to collaborate with Airbus in the areas of student exchange programmes and capacity development.

An understanding was also reached with Airbus to facilitate partnerships and create a platform through which Nigerian airlines could access new aircraft using a sovereign guarantee framework approved by the administration of President Bola Tinubu. Recall that Ibom Air had earlier received two aircraft through the current effort, expecting to receive two more brand new aircraft to be delivered to the airline soon.

The Managing Director of Ibom Air, Mr George Uriesi expressed gratitude to the Nigerian government and Airbus for the collaboration.

IBUAM also held discussions with École Nationale de l’Aviation Civile (ENAC), one of Europe’s leading aerospace universities and a major supplier of technical manpower to Airbus, for a strategic partnership.

Commending the minister, IBUAM founding Chancellor, Isaac Balami, praised the initiative and efforts aimed at repositioning the aviation sector.

“With people like the Honourable Minister in the saddle, we are sure of a better industry,” he said.

Balami University was among the 11 private universities recently approved and accredited by the National Universities Commission (NUC). The institution has since commenced academic activities, admitting students from Nigeria and the diaspora into its programmes, even as admission remains open through the Joint Matriculation and Admission Board, JAMB.

Recall that the Federal Government had recently approved the establishment of a national aircraft leasing company to support domestic airlines with access to modern fleets. The approval came during a meeting of the Federal Executive Council. Keyamo had described the initiative as a major shift in how Nigerian carriers will acquire and finance aircraft.

At the end of the working visit, the Permanent Secretary of the Federal Ministry of Aviation and Aerospace Development, Mahmud Adamu, while delivering his vote of thanks, commended the Nigerian government for creating opportunities to improve the sector. He also praised Airbus for its willingness to partner with Nigeria’s aviation industry.

 

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BUNKERING: Troops Uncover Suspected Illegal Refinery In Rivers, Recover Crude Oil Processing Equipment

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Troops have uncovered suspected illegal crude oil refining equipment during a patrol operation in the Orashi National Forest, Ahoada West Local Government Area of Rivers State.

The development was disclosed in a report by Zagazola Makama, a counter-insurgency and security expert covering the Lake Chad region.

According to the report, the discovery was made at about 12:00pm on Saturday by troops of the 16 Brigade Garrison at Abissa in collaboration with personnel of the 5 Battalion while carrying out anti-crude oil theft operations.

Makama reported that the troops discovered equipment believed to have been used for suspected illegal crude oil refining activities during the patrol.

Items recovered from the site included one large oven drum, one large coolant, two small oven drums, one small coolant, one long galvanised pipe and two sacks containing crude oil.

Makama said the recovered items were handled in line with the operational procedures guiding the ongoing anti-crude oil theft operations.

“The operation forms part of sustained efforts by security forces to dismantle illegal refining camps, curb crude oil theft and protect critical national assets in the Niger Delta region,” the report stated. …For more, Complete your reading.
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US-Based Nigerian Seek Court To Set Aside Judgment

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A Nigerian-American engineer, Anthony Ehiedu Ugbebor, has asked the Court of Appeal to overturn the judgment of the Lagos High Court which declared that his property purchase agreement with a developer, Mr Olukayode Olusanya and Oak Homes Multinational Services Limited had been extinguished by the doctrine of novation.

The Lagos High Court had in the judgment ordered the refund of the N152 million Ugbebor paid for two luxury apartments in Victoria Island, Lagos.

In a Notice of Appeal filed by his counsel, Barrister Nasir Salau of Nasir Salau & Co., challenging the June 15, 2026 judgment delivered by Justice Akingbola George, Ugbebor argued that the trial judge misapplied settled principles of contract law, ignored material evidence, wrongly dismissed his counterclaim, and erroneously refused his claim for specific performance of the property sale agreement.

The appeal arose from Suit No. LD/4471LM/2023, instituted by property developer Olukayode Olusanya and Oak Homes against Ugbebor and the Economic and Financial Crimes Commission, EFCC, over alleged trespass on two second-floor three-bedroom apartments located at 14A Musa Yar’Adua Street, Victoria Island, Lagos.

Although the Lagos High Court dismissed most of the developer’s claims, it held that the parties’ conduct had effectively terminated their original agreement through novation.

The court also ordered Olukayode and Oak Homes to refund the N152 million previously paid by Ugbebor, while dismissing the engineer’s counterclaim seeking completion and delivery of the apartments or, alternatively, damages.

Dissatisfied with those findings, Ugbebor asked the Court of Appeal to overturn the judgment, restore the validity of the original contract and compel Oak Homes to honour its obligations under the agreement

Ugbebor also urged the appellate court to set aside the judgment in its entirety, arguing that the Lagos High Court’s findings were contrary to the evidence and established legal principles governing contracts.

He maintained that the original agreement remained valid and enforceable and asked the Court of Appeal to compel Oak Homes to honour its contractual obligations.

One of his principal complaints is that the trial judge wrongly placed the burden of proving payment on him instead of the claimant.

According to the Notice of Appeal, the judge erred in holding that he failed to make payments within contractual timelines despite evidence that the payment structure under the agreement was tied to construction milestones rather than fixed dates.

The appellant argued that under the payment schedule contained in Exhibit CW1, 35 percent of the purchase price became payable upon completion of the roofing stage, while the final 20 per cent became payable only upon completion of the apartments.

He maintained that the agreement never required payment on fixed calendar dates and that he had already paid about 80 per cent of the agreed purchase price even though the developer allegedly failed to attain the contractual milestones.

According to him, the trial judge misconstrued the payment clauses and ignored the unchallenged testimony of the defence witness that substantial payments had been made despite the developer’s inability to complete the project as agreed.

He further argued that under the Evidence Act, the burden of proving non-payment rested on Oak Homes, which alleged breach of contract, and not on him.

A major plank of the appeal is the trial court’s reliance on the doctrine of novation.

Justice George had held that the conduct of both parties created a new contractual relationship which effectively extinguished the original agreement.

However, Ugbebor argued that the finding was contrary to established principles of Nigerian contract law.

Relying on the Supreme Court’s decision in Heritage Bank Ltd v. Ajugwo, he contended that novation cannot be presumed merely from the conduct of parties.

According to him, for novation to arise there must be a clear agreement by all parties to substitute the original contract with a new one, coupled with an intention to extinguish the previous contractual obligations.

He argued that no witness testified that such a new agreement existed and no documentary evidence established one.

Rather, he maintained that the conduct relied upon by the trial court was consistent only with issues of delayed performance and alleged breach, not the creation of an entirely new contract.

He therefore urged the Court of Appeal to hold that the original agreement remained valid and binding. …For more, Complete your reading.
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