Despite global concerns raised about the technical functionality and safety of Boeing 737-MAX 800 airplanes in the wake Sunday’s crash of the Ethiopian Airlines killing all 157 passengers on board, Nigerian carrier, Air Peace, says it has no immediate plan to cancel its order for ten of the aircraft’s model for its fleet.
Following last Sunday’s ill-fated crash, China’s aviation regulator on Monday swiftly grounded all its 96 Boeing Co 737 MAX 8 aircraft in its fleet.
The Civil Aviation Administration of China (CAAC) said all Chinese airlines were ordered to suspend their use of the 737 MAX 8 model of aircraft by 6 p.m. (1000 GMT) on Monday.
The aircraft is the latest version of Boeing’s workhorse narrowbody introduced into service in 2017.
But, since the introduction of the model by Boeing, indications are that Sunday’s crash involving the Ethiopian Airline was the second of the 737 MAX 8.
The first incident was in October, 2018 when a 737 MAX 8 operated by Indonesian budget carrier, Lion Air, crashed 13 minutes after take-off from Jakarta on a domestic flight, killing all 189 passengers and crew on board.
With such concerns, of its 737 MAX 8 bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 people on board, the Ethiopian Airlines promptly ordered the rest of their carrier in its fleet of the jets to be grounded immediately.
Ethiopian Airlines said the decision will remain till further notice as an “extra safety precaution” even though it did not know the cause of Sunday’s crash.
By the end of January, Boeing said it has delivered about 350 of the 737 MAX family jets to customers around the world, with another 4,661 on order.
Perhaps, the undelivered order includes ten ordered by Air Peace to boost its fleet.
But, the News Agency of Nigeria (NAN) on Monday quoted the airline’s spokesperson, Chris Iwarah, as saying its management was not contemplating any decision about canceling the order. He described any such decision as premature.
Iwarah said the airline will continue to act in the interest of the safety of the flying public.
He said the multi-million dollar deal signed between Air Peace and the American aircraft manufacturer, The Boeing Company, on September 13, 2018 for the delivery of 10 brand new B737 MAX 800 aircraft was still on.
“At this moment, it is premature to begin to talk about things and conclusions that have not been put in the public domain.
“Investigations into the crashes involving B737Max 800 are ongoing. So, it will not be fair at this time to begin to make definite comments on those issues.
“We are still in the domain of investigation. But, we want to assure the public that we are following the development very closely,” he said.
The Air Peace spokesperson said the airline had not yet taken delivery of the ordered aircraft, adding that before then issues surrounding its safety must have been identified by global aviation experts.
“We also trust that Boeing is capable of responding to the issues technically. They have the capacity to respond to that.
“I want to say clearly that we will not engage in anything that will jeopardize the lives and safety of our passengers. There is no basis for talking about canceling the order.
“Any step we take now will be premature until investigations are concluded. So, we are following the investigations very closely to ensure that at the end of the day only the right thing is done.
“Whatever steps we take will be in line with what favours safety and what is in the interest of our passengers,” Iwarah said
He further explained the B737 Max Air were “suspended” by those already operating the equipment to enable investigation run its course.
“If investigation runs its course and they feel that there is nothing to be worried about, they will lift that suspension and continue to operate the aircraft but on our part, we have not even taken delivery.
“We are currently working with Boeing, we are also asking questions and following all developments because we are a safety conscious airline,” Iwarah added. (Additional report from NAN)
Zenith Bank Emerges First Nigerian Bank To Repeatedly Audit Its Carbon Emissions
Zenith Bank Plc was presented with a Certificate for Greenhouse Gas Auditing by V4 Advisors after a successful completion of the Bank’s Greenhouse Gas Audit for the 2018 Financial Year. The presentation of the certificate and the report of the Auditors was done by V4 Advisors at the Zenith Bank Head Office on May 21, 2019.
The Executive Director, Dr. Temitope Fasoranti, who received the certificate on behalf of the Bank said the Bank started this effort with the 2016 Financial Year and has carried out three greenhouse gas audits to date. He explained that the Bank understands the relationship between greenhouse gas emission and climate change and appreciates the role it is expected to play towards combating the menace of climate change.
Also speaking on the milestone, the Country Manager, Lynsey Elston highlighted that Zenith Bank is the first Nigerian bank to consecutively report the carbon emissions of their Head Office in Lagos using a certified tool which is built on the internationally recognized “GHG Protocol”.
She commended the bank for proving its commitment to United Nations Global Compact (UNGC) Goal 13, Climate Action, in addition to complying with Global Reporting Initiative (GRI) Standards.” In response to her, the Executive Director said the initiative has significantly helped the bank reduce its overall carbon footprints and drive energy efficiency.
V4 Advisors is a UAE-based provider of advisory and consulting solutions on climate change and greenhouse gas emissions. The firm’s calculation and reporting tool has been reviewed by the World Resources Institute (WRI) for conformance with the GHG Protocol Corporate Standard.
Access Bank Threatens to Publish Names of Debtors in Newspapers
The management of Access Bank Plc has given all its delinquent debtors two weeks to pay up their due obligations, emphasising that failure to adhere to this directive would come with severe consequences.
In a publication today on Punch Newspapers, the lender said this warning also goes to debtors of the defunct Diamond Bank Plc.
Business Post reports that in March 2019, Access Bank and Diamond Bank officially merged together to become an enlarged banking entity.
In the notice seen by Business Post, the financial institution warned that if after the two weeks grace period the “incorrigible debtors” fail to comply with this directive, it would be forced to publish their “names in newspapers.”
The bank said “all debtors will be sanctioned by the CBN and banned from participating in the Nigerian Foreign Exchange and Securities Exchange Markets, and registered on the Credit Risk Management Systems (CRMS) Bureau as bad debtors making them, their directors and related entities illegible for any credit in the Nigerian Financial Markets.”
Access Bank said it was determined to take further actions “against such delinquent individuals and companies as we may consider necessary and shall relentlessly pursue full recovery of all our debts.”
Below is the full statement signed by the management of Access Bank Plc.
Please be informed that Access Bank Plc is set to publish the list of all its delinquent debtors, associated persons, directors and entities. This is in line with the directive from the Central Bank of Nigeria (CBN).
All Access Bank Plc (including former Diamond Bank Plc) debtors are directed to pay up their due obligations in order to avoid punitive actions being taken against them. Please note that we shall publish out debtors’ names in newspapers in two weeks.
Similarly, in the event that these obligations are not fulfilled, we shall take such further actions against such delinquent individuals and companies as we may consider necessary and shall relentlessly pursue full recovery of all our debts.
Furthermore, all debtors will be sanctioned by the CBN and banned from participating in the Nigerian Foreign Exchange and Securities Exchange Markets, and registered on the Credit Risk Management Systems (CRMS) Bureau as bad debtors making them, their directors and related entities illegible for any credit in the Nigerian Financial Markets.
For incorrigible debtors, who continue to pose a risk to our system, we will use all means available and collaborate with our colleagues in the industry to ensure that they are excommunicated from the banking system.
Consequently, we hereby advise all out delinquent debtors to take this publication seriously and ensure that all debts are settled promptly.
Glo Extends Lead In New Data Subscriptions With 1 Million More Users
Digital transformation leader, Globacom, has maintained its position as the preferred data service provider in the country with an addition of nearly one million new subscribers in March, 2019.
According to the Internet Subscriber Data for March 2019 published on the website of the Nigerian Communications Commission (NCC), Globacom gained the most with 950,115 new internet users. The gain took its internet subscription in March to 28,436,386 from 27,486,271 recorded in February, 2019.
The data also showed that MTN and Airtel recorded gains in March. While Airtel added 351,657 new internet users in the month under review, MTN recorded a marginal increase of 13,552 subscribers.
On the other hand, 9mobile continued to record losses in its internet subscriber base as it lost 166,542 users in March.
NCC’s data showed that overall internet users in Nigeria increased to 115,938,225 in March from 114,725,357 recorded in February. This indicates an increase of 1,212,868 new subscribers in one month, with Globacom alone having over 78% of the growth.
The apparent preference for Globacom by new internet subscribers is believed to be the result of the network’s continued improvement in its data services. The company has the widest 4G LTE coverage in the country, and the technology ensures more reliable and faster internet usage experience. Globacom also has the most attractive data plans in the market, with packages that appeal to both high and low data users.
On Monday, 21st May, 2019, the company announced the introduction of Glo Daily Data Splash 300, which offers subscribers the most affordable rate for a daily subscription in the country’s telecoms market. The new plan offers a whopping 1 Gigabyte of data for just N300, as against the closest package of N350 per 1GB offered in the market. It also addresses the concerns of subscribers who desire access to reliable internet service at a very convenient rate.
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