General News
Red Star Express Records Exciting Growth in 2 Decades

Red Star Express, a leading courier company in Nigeria, has grown from N138m turnover in its first year of operation in 1992 to N5billion as the company marks twentieth anniversary in 2012.
The company has grown to become the best in its category of service and one of the top three courier companies in Nigeria, in terms of revenue, network coverage and market share in the domestic and international market.
It prides itself on automatic proof of delivery and advanced technology with all operations done online and real-time.
Red Star Express is a licensee of FedEx, the world leading air express company with over 650 aircrafts and more than 220 delivery destinations worldwide.
FedEx has consistently been rated among the top 10 most admired companies in the world over the past 10 years. Red Star Express started operation in Nigeria in 1992 and now has over 156 offices and over 1520 staff all over Nigeria.
Meanwhile, it was an inspiring moment for entrepreneurs at the Red Star Express 20th anniversary public lecture titled “Building an Entrepreneurial Brand: Red Star Express,” held in Lagos, recently.
Mr. Emeka Onwuka, speaking during the public lecture, x-rayed the qualities that make a brand like Red Star Express stand strong in today’s highly competitive market and global economic upheavals.
He said the company has been able to weather the storm, citing the N5 billion turnover profit declared by Red Star Express in 2012 in spite of the challenges in the nation’s business environment as a testimonial.
“Nigeria needs more Red Stars, especially in the communication sector”, said Onwuka, who is also the Chairman of Enterprise Bank.
Dr. Mohammed Koguna, chairman, Red Star Express Plc, in his welcome speech said, “It has been 20 years of an interesting, but sometimes difficult journey. In the early years there were challenges due to the business environment. The intensive nature of the business requires a huge fund outlay. We cannot but recognized the loyalty and commitment of our customers. Today, you have remained faithful to us and have shown immense belief in our ability to serve you.”
The public lecture also witnessed the launch of a book titled ‘Inspiring Growth – The history of Red Star Express’ by Ejine Olga Nzeribe, a former employee of Red Star Express. The book covers the story of Red Star Express from inception to date, highlighting the business challenges and various restructuring that the organization has had to deal with to be where it is today.
The Chairman who encouraged every entrepreneur to read the book further said, ‘It is good for companies to record experiences, reflections and lessons learnt which form part of our collective memory and intellectual capital. This book is a story of the life of a company which had challenges it was to overcome. It is a necessary read for entrepreneurs, business managers and students of business. By sharing our experiences, we hope you will learn something new.”
Red Star Express commenced operations on October 12, 1992. Founded by the combined energy of Messrs Sonny Allison, Eddy Olafeso and Patrick Nwosu, it has been described as “the fastest growing courier company in Nigeria with an annual growth rate in double digits.”
General News
Court Remands Akujobi, Ex Access over alleged Theft of N294.5m

Chinonso Akujobi, former staff of Access Bank in Lagos, has been remanded in Ikoyi prison after she was arraigned on a five-count charge bordering on stealing to the tune of N294.5m.

Akujobi who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) was arraigned before Justice I.O. Ijelu of the State High Court sitting in Ikeja, Lagos.
EFCC alleged that Akujobi stole the money between January and December 2025 while under the employment of Access Bank Plc.
As stated in one the charges, the defendant stole the money through unauthorized payments from the general ledger of Access Bank to her account number 0036668871 with the name Chinonso A., Uchechi A. and Florence A., thereby committing an offence of stealing, contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State, 2015.
The defendant pleaded “not guilty“ to the charges when they were read to her.
In view of this, S.M.Yabo, prosecution counsel, asked the court for a trial date and also prayed for the remand of the defendant in a Correctional centre.
Justice Ijelu, thereafter, adjourned the case till October 8, 2026, for the hearing of the bail application and the commencement of trial.
The Judge also ordered that the defendant be remanded in the Ikoyi correctional Centre.
General News
NSIB Faults Runway Identification, Reveals Cockpit Disagreement in Asaba Jet Incident

The Nigerian Safety Investigation Bureau (NSIB) says the flight captain of the VMO Aero aircraft that landed on a roadway near Asaba Airport in Delta State told investigators that the observer pilot mistakenly identified the paved road as the runway before touchdown.

The bureau disclosed this in a preliminary report released on Thursday on the June 10 incident, which prompted the Nigeria Civil Aviation Authority (NCAA) to ground the private jet.
The aircraft had seven people on board, including the pilot-in-command (PIC), second-in-command (SIC), an observer pilot, a cabin crew member and three passengers.
According to the report, the aircraft was cleared by Air Traffic Control (ATC) to approach Runway 11 at Asaba Airport after the crew requested a right orbit.
The crew initially discontinued the approach, executed a missed approach and repositioned for a second landing attempt.
NSIB said the crew reported that the aircraft’s navigation systems indicated it was correctly established on the published RNAV Runway 11 approach.
“The PIC and SIC reported that the observer pilot identified the paved surface ahead as the runway,” the report stated.
However, the observer pilot gave investigators a different version of events.
According to NSIB, he said the aircraft remained inside cloud until late in the approach and that the Ground Proximity Warning System (GPWS) repeatedly issued “TERRAIN, TERRAIN, PULL UP” alerts.
He also said he observed a telecommunications mast directly ahead and instructed the flight captain to abandon the approach and climb immediately.
The bureau further disclosed that a cabin crew member reported that one of the passengers became concerned after overhearing discussions among the pilots and asked whether one of them was undergoing training. The passenger was reportedly reassured that all three pilots on board were experienced captains.
NSIB said no abnormal events were reported in the cabin before touchdown.
The aircraft eventually landed at about 8:57 a.m. on an under-construction paved roadway near Asaba Airport instead of the designated runway.
The bureau said its investigation into the incident is ongoing, while the preliminary report highlights conflicting accounts among the cockpit crew over the circumstances that led to the erroneous landing.
General News
EU warns Meta over addictive Facebook, Instagram designs, threatens fines

European Union has warned Meta Platforms Inc. that it could face a significant financial penalty unless it changes what regulators describe as the “addictive design” features of Facebook and Instagram.

The European Commission issued the warning in preliminary findings released on Friday, saying Meta had failed to sufficiently address risks posed by its platforms, particularly to children and vulnerable users.
The Commission said features such as infinite scrolling, personalised content recommendations and automatic video playback were designed in ways that encouraged excessive engagement with the platforms.
EU Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, said protecting the physical and mental well-being of European citizens should be a priority for social media companies.
The Commission said Meta should consider introducing design changes, including disabling autoplay and infinite scrolling by default, providing effective screen-time reminders and adjusting recommendation systems to reduce the focus on maximising user engagement.
The findings were issued under the European Union’s Digital Services Act (DSA), which sets obligations for major online platforms to address risks associated with their services.
Meta, however, rejected the Commission’s conclusions, saying it disagreed with the findings but would continue engaging with European regulators.
The company said it had already implemented measures aimed at protecting younger users, including Teen Accounts that allow parents to manage screen time limits and restrict access during night hours.
The EU said its investigation, which began in 2024, found that existing time-management tools on Facebook and Instagram could easily be bypassed, while parental controls required technical knowledge that limited their effectiveness.
Regulators also expressed concerns over children’s nighttime use of the platforms and the possibility that features such as Reels and Stories could encourage compulsive behaviour.
If the Commission’s preliminary findings are confirmed, Meta could face a fine of up to six per cent of its annual global revenue under the DSA.
The warning comes as the EU steps up efforts to strengthen online safety measures for children, with an expert panel established by European Commission President Ursula von der Leyen expected to present recommendations on protecting minors online.
Several EU member states, including France, have also supported discussions on restricting social media access for children, following Australia’s decision to ban users under 16 from accessing social media platforms.
Meanwhile, the Commission is continuing a separate investigation into whether Meta’s recommendation algorithms create “rabbit hole” effects by directing users towards increasingly extreme content.
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