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FAAN Says Insecurity Slowing Business @ Kano Airport

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The Federal Airports Authority of Nigeria (FAAN) has said that the underutilisation of the Mallam Aminu Kano International Airport, Kano is linked insecurity, which has also affected socio economic activities in the state.

The agency condemned the recent report which alleged that the airport was dormant, saying   the airport is being affected by the impact of the insecurity which has stifled most economic activities in the state.

Yakubu Dati, general manager, Corporate Communications of FAAN, who made this explanation in Lagos said that attacks against the project in some sections of the media was merely to score cheap political goals as the criticism stemmed from ignorance and mischief of some anti- progressive elements.

‘This report alleged that there was sabotage by FAAN and the Ministry of Aviation to make the terminal and perhaps the airport dormant, but this is not true. We wish to state that Kano has been and will continue to be one of the major airports in Nigeria and it is because of the importance attached to the airport that FAAN embarked on rebuilding the domestic terminal which was commissioned in early 2011.”

Dati explained that the viability and utilisation of airport is dependent on passenger movement, adding that it would be difficult for economic activities to go on under threat to lives and property.

“If the terminal or the airport is alleged to be dormant, it means that there is low passenger movement and it is not the responsibility of FAAN or the Ministry of Aviation to attract the passengers to the airport. The under-utilisation of the airport could be explained by the security situation in Kano and we believe that if the state government is working effectively with the federal government which has made efforts to eliminate insurgents in the north, air travellers will start coming to Kano and airlines which had already been designated will feel safe to operate from the airport,” he said.

He added that the report against the Kano airport cited other airports such as the ones in Lagos, Port Harcourt, Abuja and Enugu as airports that are active and supposedly with completed remodelled airport terminal facilities.

He said these other airports are thriving because of the peace in these parts of the country.

“We also wish to say that in terms of facilities, the Kano airport is ahead of others in this country. Also Port Harcourt terminal project is yet to be completed and that for now, the remodelled terminal at the Nnamdi Azikiwe International Airport, Abuja is designated for domestic operations but both international and domestic services are still emanating from the facility until the international terminal is built.

“The problem of Kano airport is the issue of security.  If this newspaper (which carried the report) is actually the voice of the north, it should almost on daily basis write editorials on how to restore Kano to its glorious past. It is when this is done that the airport would begin to witness increased passenger movements that will boost the utilisation of the airport,” Dati said.

He noted that although the Murtala Muhammed International Airport, Lagos provides over 80 per cent of FAAN’s revenue,

“The Kano domestic and international airport terminals were completed before that of Lagos. In fact, work is still going on at the international terminal of the Lagos airport and it is hoped it will be commissioned later this year,” he said.

Dati said contrary to the report that the conveyor belt at the Kano International airport takes two hours to deliver bags; the conveyor belt actually does that in five minutes.

“It is also mischievous for the newspaper to choose to interview anonymous persons who showed so much ignorance about the workings of the Kano airport, instead of talking to professionals who would give the reporters accurate information. Such accurate information that the conveyor belt installed at the Kano airport, will take five minutes and not two hours to move bags from the airside to passengers and that all equipment it mentioned, including X-ray machines have been installed and that the terminal is ready to facilitate passenger movement.

He declared: “The unseen hands influencing such subjective and decisive reports cannot claim ignorance of the fact that the airport remodelling projects began in the North with the commissioning of the Hajj Terminals in Kano and Kaduna airports by no less personalities than the Sultan of Sokoto and the speaker of the House of Representatives, respectively. Or are they claiming to be more “northerners” than these highly respected Northerners, including the Governor of Central Bank, Mallam Sanusi Lamido Sanusi who inaugurated airport and commended President Goodluck Jonathan especially for transforming the airport after many years of neglect?”
 
 


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EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

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Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.

EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

Tunde Ayeni, former chairman of defunct Skye Bank Plc,

This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.

He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.

Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.

Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.

Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.

About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.

The EFCC is expected to file charges once the investigation is concluded.


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Summit Factory Opens in Ogun, Targets Hygiene Market Expansion

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L-r: Sadiq Ali, General Manager, Summit Household Solutions Limited; Oba Abdulakeem Odunaro, Onikotun of Otun, Ota; Hon. Wasiu Adewale Lawal (FCA), Executive Chairman of Ado-Odo/Ota LGA; Mr Kehinde Akintomide, Permanent Secretary, Ministry of Commerce, Trade and Investment, Ogun State; and Mojeed Maaradesa, Manufacturing Manager, during the commissioning of the ultra-modern factory by Summit Household Solutions Limited in Ota on Thursday.
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Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.

The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.

Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.

He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.

Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.

In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.

He also revealed that the company is preparing to introduce new home and personal care products later this year.

Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.

Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.

Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.

The special guests were conducted around the facility, and the programme was concluded with a luncheon.

 


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US Freezes $344m in Crypto Linked to Iran in Major Crackdown

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The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.

US Freezes $344m in Crypto Linked to Iran in Major Crackdown

The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.

U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.

Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.

A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.

Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.

The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.

Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.


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