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I Didn’t Demand 5% Equity in Nigeria Air as Kickback—Nnolim Nnaji

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Nnolim Nnaji

By Modupe Gbadeyanka

The Chairman of the House of Representatives Committee on Aviation, Mr Nnolim Nnaji, has responded to the allegation made by the former Minister of Aviation, Mr Hadi Sirika, that he demanded a five per cent equity in Nigeria Air.

Mr Sirika, while on Arise TV on Sunday evening, claimed that the lawmaker declared the controversial national carrier as a fraud because he was not given a stake in the company as a kickback.

“Hon Nnaji asked me that I should give him 5% of Nigeria to carry him along with his people, and I said to him at that time, Honourable, a bidding process has taken place, and some people won. So, I think you should go to those people and ask for the 5 per cent,” he said.

But responding in a statement, Mr Nnaji refuted the allegation describing the former Minister as “a drowning man struggling to grab anything on his way to survive the barrage of attacks he has been receiving since his controversial unveiling ceremony of the so-called Nigeria Air.”

According to him, Mr Sirika was not happy that he had demanded transparency and due process in all matters relating to the aviation sector, especially the Nigeria Air project.

“Ordinarily, l would not have bothered to reply to his allegations of my demand for 5 per cent equity in Nigeria Air as he claimed during his interview on Arise Television, but l believe l owe my constituents and indeed Nigerians a duty to put the records straight.

“It is on record that last year when the Minister announced Ethiopian Airlines as a core investor in Nigeria Air, my committee, which was also inundated with petitions from various stakeholders regarding that announcement, invited the Minister and his team to furnish the committee with the details of the project.

“The committee requested the evidence of the bid process that gave Ethiopian Airlines the award and the full business case as prepared by the Nigerian Infrastructure Concession Regulatory Commission (ICRC), which was supposed to spell out the details of all the investors and their equity contributions.

“Sirika, at that meeting, said Full Business Case was still being worked out by the ICRC and promised to make it available to the committee as soon it was ready, which he failed to do before Airline Operators of Nigeria (AON) took the Ministry to court and got injunction restraining it from going ahead with the project,” he explained.

“We suspended our discussions and enquiries on the project the moment the court got involved. Normally when a matter is before the court, the parliament does not discuss it.

“However, on May 20, 2023, l received reports of threats of mass resignations by key personnel of the Nigeria Civil Aviation Authority (NCAA) due to pressures from the Ministry to give waivers to Nigeria Air to enable it to secure Air Operator’s Certificate (AOC) so that it could take off before the exit of the last administration of President Muhammadu Buhari.

“I quickly issued a statement warning the former Minister against subverting the authority of NCAA because of its severe consequences on Nigeria’s air transport sector. It is also common knowledge that the Nigerian institutional investors he mentioned as participants have all denied him.

“It is not strange that Sirika came up with these spurious allegations against my person because l consistently demanded that he follow due process.

“He should not deviate from the subject matter. Let him tell Nigerians the truth about the contraption he sold to us as Nigeria Air. Nnolim Nnaji is not his problem,” he further explained.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Travel/Tourism

FAAN to Introduce Facial Recognition at Nigerian Airports

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Lagos airport

By Adedapo Adesanya

The Federal Airports Authority of Nigeria (FAAN) has announced plans to introduce V-Pass, a biometric facial recognition system designed to make passenger processing faster, safer and more seamless across its domestic airports.

According to FAAN, the new technology will allow passengers to verify their identities through facial recognition after a one-time enrolment, reducing reliance on physical identification documents and shortening queues through automated electronic gates.

The authority said the system is expected to enhance airport security while improving the overall travel experience for domestic passengers.

FAAN added that V-Pass has been developed with data privacy at its core and is compliant with the Nigeria Data Protection Regulation (NDPR).

The agency described the initiative as part of its commitment to delivering smarter, technology-driven airport services and said nationwide sensitisation and rollout updates would be announced in due course.

Airports in countries including the United States, the United Kingdom, Singapore and the United Arab Emirates already deploy facial recognition technology for processes such as check-in, security screening, immigration and boarding, so the move also aligns Nigeria’s aviation sector with a growing global trend towards contactless travel.

These systems have been adopted to improve operational efficiency, strengthen security and enhance the overall passenger experience.

For FAAN, the deployment of V-Pass forms part of its broader digital transformation agenda aimed at modernising airport operations and accommodating rising passenger traffic.

Experts say that beyond improving convenience, the authority expects the biometric platform to strengthen identity verification, reduce the risk of impersonation and support more efficient airport security, while maintaining compliance with data protection.

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Honeywell Group Acquires 14.12% Stake in Ikeja Hotel

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Ikeja Hotel

By Aduragbemi Omiyale

About 14.12 per cent stake in Ikeja Hotel Plc has been acquired by Honeywell Group Limited, a notice on the Nigerian Exchange (NGX) Limited has revealed.

Honeywell Group took up the part of the hospitality firm through one of its affiliates known as HGL Real Estate Limited.

Ikeja Hotel, in the disclosure filed with the NGX on July 2, 2026, said the stake comprised 305,323,525 units of its equities.

“Ikeja Hotel hereby notifies the Nigerian Exchange Limited and the general public that it has received notification from HGL Real Estate Limited, an affiliate of Honeywell Group Limited, that it has acquired 305,323,525 units of Ikeja Hotel Plc’s shares, representing 14.12 per cent shareholding in the company,” the notice stated.

Ikeja Hotel is one of Nigeria’s leading hospitality investment and hotel management companies with premium hospitality assets.

It operates two leading hospitality organisations in Lagos, the Sheraton Lagos Hotel and Balmoral Convention Centre.

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Lagos Shuts Down 10 Hotels, Restaurants for Environmental Violations

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LASEPA seals hotels restaurants

By Aduragbemi Omiyale

About 10 hospitality establishments, including hotels and restaurants, were sealed on Wednesday by officials of the Lagos State Environmental Protection Agency (LASEPA).

The affected businesses are located in different locations in the Alimosho Local Government Area of the metropolis, Business Post learned from a statement from the agency.

It was stated that they were sealed by LASEPA for persistent violations of environmental regulations despite repeated warnings, abatement notices, and several opportunities to comply with the agency’s directives.

According to the notice, the enforcement exercise was carried out in line with the directives of the Lagos State government to ensure strict compliance with environmental laws and to safeguard public health.

The affected facilities were said to have breached various environmental regulations, including noise pollution, air pollution, unlawful discharge of untreated effluent, obstruction of official duties, among others.

LASEPA closed the premises of Granduer Meridian at Obasa Akiniyi Street, Oluwaga, Ipaja for non-compliance with the agency’s directives; Lasola (Spazio Bar), located on Ipaja Road, Fatolu Bus Stop, Ipaja, was sealed for noise pollution and non-compliance with directives; Millennium Restaurant, located at Gate Bus Stop, Ipaja, Ayobo, was shut down for non-compliance with directives; O2 Exquisite Suites & Tower on Jimoh Akinremi Street, Jimoh Bus Stop, Akowonjo, was sealed for non-compliance with directives; and Chirozz Hotel & Suites, located on Samuel Street, Akowonjo, by Vulcanizer Bus Stop, Egbeda, was closed for noise pollution and non-compliance with directives.

In addition, House 7 Hotel, located at Remi Akande Street, Egbeda, was sealed for non-compliance with LASEPA’s directives; House 48 on Isiba Oluwo Street, Egbeda, was sealed for non-compliance with directives; Exclusive Hotel, located at Ishan Kimishe, Akesan Bus Stop, was shut down by non-compliance with directives; Sabola Ventures Limited, Iocated at Km 11, LASU–Isheri Road, Igando, was shut down for operating without evidence of an Effluent Treatment Plant (ETP), and discharging untreated effluent into public drains; and City Int’l Motel, located at Chief Olu-Adegbite Street, off Oladun Street, Council Bus Stop, Idimu, was sealed for non-compliance with directives.

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