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SAHCOL Elevates Agboarumi GM Corporate Communications
Agboarumi Basil Udukhokhe has been elevated to the position of general manager, Corporate Communications of Skyway Aviation Handling Company (SAHCOL).
This follows the company’s ongoing restructuring.
Until his recent appointment, Agboarumi was the assistant general manager, Corporate Communications.
Agboarumi, who holds a National Diploma (OND) in Mass Communication from the Federal Polytechnic, Auchi, and a Higher National Diploma (HND) in Mass Communication from the Federal Polytechnic, Oko, started his career as a student at Auchi Polytechnic where he doubled as the Editor-in-Chief of the “Think-Right Magazine,” and the “Auchi Express,” the Official Newspaper of the institution.
His experience took another turn during his National Youth Service with the Kanji Lake National Parks, New-Bussa, Niger State in 1997, he authored a book titled; “Borgu: Past, Present and Future,” which chronicled the potentials of the Borgu tribe, in Niger State, Nigeria.
His flair for writing was further given a boost when in 1999 he was mandated by the Nigerian National Parks Headquarters, Abuja to compile a book on the “Attributes and Potentials of the National Parks in Nigeria.”
Basil then joined the aviation industry with Skypower Aviation Handling Company Limited (SAHCOL) in 2000, then a subsidiary of Nigeria Airways Limited, as the Pioneer Staff/Head of the Public Affairs Unit.
Following the subsequent privatization and takeover of the company by the SIFAX Group in 2009, however, he was later appointed as Head of Corporate Communications, with a mandate to spearhead the re-branding of the new company having the same acronym but now known as Skyway Aviation Handling Company Limited (SAHCOL), a member of the SIFAX Group.
Agboarumi has a Masters in Communications Studies (Mcs) from the Lagos State University, and a Certificate in Creative Design & Digital Communication from the School of Media & Communications of the Pan-Atlantic University, Lagos.
He is a member of the Nigerian Institute of Public Relations (MNIPR) and an Associate Member of the Advertising Practitioners Council of Nigeria (ARPA).
An Aluminous of the School of Media and Communications of the Pan-Atlantic University, as well as a member of the Course 13 of the School of Media & Communications Strategies for Optimizing Corporate Communication Skills (SOCCS), he has attended various trainings, seminars and conferences in Nigeria, across Africa, Europe as well as Asia.
An astute professional, Basil is result-oriented, a team player, motivator, and possesses an excellent people’s skill.
He also has a successful track record in Leadership, Public Relations and Communications which has contributed in no small way to affording him this recent appointment.
SAHCOL is an Aviation Ground Handling Company (100 percent owned by the SIFAX Group), which has brought its experience to bear in the day to day performance of its duties, which includes Passenger Handling, Ramp Handling, Cargo Handling/Warehousing, Aviation Security, Baggage Reconciliation, Crew Bus and Executive Lounge Services, and other related Ground Handling Services; ensuring that Ground Handling Services to all clientele is executed in an efficient, speedy and safe manner, in line with international best practices, while also ensuring that the right tools are deployed.
SAHCOL became a subsidiary company of the Sifax Group in December 2009, after its successful privatization by the Federal Government of Nigeria.
Within this period, SAHCOL has invested in personnel development, purchase of modern equipment, infrastructural development and good customer services, which has helped in repositioning the company to meet the expectations and needs of its growing list of clientele.

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General News
Xenophobic Attacks: Anonymous Nigeria Threatens to Leak South African Stolen Data

Anonymous Nigeria, hacktivism, known for launching coordinated cyberattacks and protests in support of socio-political movements, has threatened to leak stolen South African government data unless its demands were met.

The group, called for the department to stop xenophobic attacks on Nigerians in South Africa, or it will expose the data.
“They call themselves correctional services, but they can’t correct the citizens. What a shame,” the group said in its Telegram channel, MyBroadband reported.
“They killed a lot of Nigerians while the so-called correctional services watched and the ministry of justice.”
It is immediately know if Anonymous Nigeria is affiliated to Nullsec Nigeria.
But in a post on a hacker forum, Nullsec Nigeria included a link showcasing an example of data stolen from the department.
It included two bid invitation notices, bid results, a copy of the bids received, and a notice of a bid awarded in various formats.
“We’ll expose all your evil deeds for the world to see, unless this attack stops. But if not, we’ll leak everything they got,” Nullsec Nigeria said.
“Unless the government of South Africa ends these xenophobic attacks on Nigeria, we’ll expose everything about you, your evil deeds will be exposed, and the world shall know.”
MyBroadband asked the Department of Correctional Services about the claimed breach and Nullsec Nigeria’s demands, but it did not immediately respond to our questions.
Nullsec Nigeria also claimed responsibility for breaching several other entities in South Africa, while responding to an X post about its OpSouthAfrica campaign in its Telegram channel.
“I wanna express something here. I saw a report on the #OpSouthAfrica hack by Nullsec Nigeria, but it was stolen by another person,” it said. “Tag the real breachers next time.”
In a separate thread on the hacker forum, Nullsec Nigeria also claimed responsibility for breaching the Ephraim Mogale Local Municipality’s systems.
It claimed to have hacked the local government’s website and threatened to expose “everything you got for others to see how heartless you are. You killed mothers, brothers, students.”
Nullsec Nigeria said the breach and the threats were in response to the xenophobic attacks on and killing of Nigerians and the South African government’s supposed silence on the issue.
“These attacks are still going on in the dark, and we’ll expose them all. If the South African government doesn’t act first, the whole of South Africa will suffer,” it said.
“This is just a wave. These documents are about 11GB, but we decided to pull just this one.”
Its post included two images: one for a public hearing and another, a handwritten tender document for the appointment of an insurance service provider.
It also included a link to several other documents, including an old annual report, council resolutions, financial statements, and various other notices.
The Nigerian Government recently announced plans to bring citizens back to the country from South Africa after violent protests over foreign nationals in the country erupted earlier in May.
President Cyril Ramaphosa condemned the protests and criminal acts directed at foreign nationals in his From the Desk of The President weekly newsletter on 11 May 2026.
He emphasised the recent demonstrations and attacks did not represent the views of the South African people, nor the government’s policy.
“These are the acts of opportunists who are exploiting the legitimate grievances, particularly those of the poor, under the false guise of ‘community activism’,” The President said.
“Some of these people are assuming functions that only state officials are permitted to perform, including stopping people to check identification and conducting searches of private property.”
He added that such lawlessness would not be tolerated, regardless of who the perpetrators or victims were.
News
WHO Says Ebola Outbreak Worse than Reported

World Health Organisation (WHO) at the weekend declared the Ebola outbreak linked to the rare Bundibugyo virus strain a global public health emergency.

WHO said there is currently no approved vaccine or specific treatment for this strain of Ebola.
At home, Nigeria Centre for Disease Control and Prevention (NCDC) said there is “no confirmed case of Ebola Virus Disease in Nigeria” but had tightened surveillance against the deadly virus.
The outbreak, linked to the rare Bundibugyo strain of Ebola, has already caused dozens of deaths in Congo and spread into Uganda, raising fears of wider transmission across the region.
In response, Nigeria Centre for Disease Control and Prevention said that the country remains on alert because of growing movement across African borders.
Jide Idris, director-general said the agency was “closely monitoring the situation” and working with the Port Health Services and other health agencies to strengthen preparedness nationwide.
He added that surveillance has been increased at entry points and within Nigeria’s health system.
According to the WHO, the outbreak has recorded more than 240 suspected cases and about 80 suspected deaths in Congo’s Ituri province, while imported cases have also been confirmed in Uganda’s capital, Kampala.
The WHO said the outbreak is “extraordinary” because of uncertainty around the true number of infections and the lack of approved medical countermeasures for the Bundibugyo strain.
Health authorities advised Nigerians to maintain proper hygiene, avoid contact with infected persons and report symptoms such as fever, weakness, vomiting and bleeding to the nearest health facility immediately.
Nigeria was declared Ebola-free in 2014 after successfully containing an outbreak brought into the country by an infected traveler from Liberia.
E-Financial
Chapel Hill Denham Says Banks Lose N2.5 Trillion Annually to High CRR in New Report

Nigeria’s banking sector is losing an estimated N2.5 trillion in annual earnings due to the Central Bank of Nigeria’s high Cash Reserve Ratio (CRR) policy, according to a new report by Chapel Hill Denham.

The investment banking and research firm said the policy continues to impose significant constraints on bank profitability by requiring lenders to keep a large portion of customer deposits with the Central Bank without earning returns on them, effectively locking away funds that could otherwise support lending and income generation.
In its report titled “The Nigerian Banking Paradox: High Returns, Deep Discounts,” Chapel Hill Denham noted that although Nigerian banks rank among the highest return-on-equity performers in Africa, they remain undervalued compared to peers, largely due to regulatory constraints and macroeconomic uncertainty.
The firm identified the CRR regime as a key structural factor limiting the sector’s earnings potential, arguing that it reduces balance sheet efficiency and restricts credit creation to the real economy.
According to the report, banks are still required to pay interest on deposits while a significant portion of those funds remains sterilised at the apex bank.
Chapel Hill Denham stated that the current policy framework, which evolved in response to past financial sector instability and exchange rate pressures, may now be exerting a heavier drag on growth and profitability than originally intended.
“Our analysis reveals that Nigerian banks operate under a uniquely restrictive regulatory perimeter,” the report said, adding that the structure suppresses reported returns despite underlying profitability strength.
The report also compared Nigeria’s reserve requirements with other jurisdictions, noting that the country’s CRR remains significantly higher than several African and emerging markets.
While South Africa operates a 2.5 per cent CRR, Kenya maintains 4.25 per cent, Ghana 15 per cent, and Egypt 16 per cent, with Morocco reported to have reduced its reserve ratio to zero.
Analysts at the firm said a moderation of Nigeria’s CRR from 50 per cent to 30 per cent could release up to N8 trillion into the banking system and potentially boost annual pre-tax profits by about N800 billion.
They added that investors currently price Nigerian banks on the assumption that the tight monetary stance will persist, limiting valuation upside despite strong earnings performance.
At its February 2026 meeting, the Monetary Policy Committee of the Central Bank of Nigeria retained the CRR for Deposit Money Banks at 45 per cent, while Merchant Banks remained at 16 per cent, and public sector deposits outside the Treasury Single Account framework at 75 per cent, as part of efforts to sustain tight monetary conditions and manage liquidity pressures.
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