Travel/Tourism
Shareholders Approve Transcorp Hotels N10bn Rights Issue
By Adedapo Adesanya
Shareholders of Transcorp Hotels Plc, owners of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, have unanimously authorised the board of directors to raise N10 billion through a rights issue for a fortified balance sheet.
The company announced that the approval was given at the Extraordinary General Meeting of the company, which took place on Monday, June 29 in Lagos.
This means the hospitality coy will issue 2,659,574,468 ordinary shares of 50 kobo each by way of a rights issue to the shareholders based on 7 new ordinary shares for every 20 ordinary shares of 50 kobo each held at a price of N3.76 per share.
The shares will be issued from the authorised share capital of the company, which is currently at N7.5 billion comprising 15.0 billion ordinary shares of N0.50 each, and the resultant issued and fully paid-up share capital will be N5,129.989.184 consisting of 10,259,978,368 ordinary shares of N0.50 each.
According to the Chairman of Transcorp Hotels Plc, Mr Emmanuel Nnorom, “This approval and endorsement of shareholders empower the board and management to look to the future with confidence despite the current harsh operating environment.”
Also speaking at the meeting, Mrs Dupe Olusola, Managing Director/CEO of Transcorp Hotels Plc, welcomed this approval, saying “Our track record of excellent service delivery has positioned us as the first choice for international and local guests alike noting, we are not resting on our oars but working round the clock to innovate new products and services to further delight our guests, notable of such is the launch of asset-light strategies to deepen our hospitality footprints across Africa.”
She further added that, “The world has been greatly impacted by the COVID-19 pandemic, with the hospitality industry being one of the hardest hit.
“However, we are optimistic about a great recovery for the sector and your approval today shows that you also share in this mindset. We will continue to play our part in ensuring a significant recovery to the Nigerian hospitality industry.“
A non-executive director of the company, who also represents the Ministry of Finance Incorporated on the board, Mr Alexander Adeyemi, said: “Given the challenging times the hospitality industry faces, it has become critical to inject funding into the business for a stronger balance sheet.”
Travel/Tourism
FAAN Mulls New October Deadline for Airport Taxi Upgrade Policy
By Adedapo Adesanya
The Federal Airports Authority of Nigeria (FAAN) is considering extending the deadline for its airport taxi upgrade policy to October, following concerns raised by the Nigeria Union of Private Cab Operators.
The development was disclosed on Monday in Lagos by Mr Henry Agbebire, Director of Public Affairs and Consumer Protection at FAAN, saying that the possible extension followed complaints and concerns from airport cab operators, even as the authority maintained that the policy was designed to improve service standards across Nigerian airports.
“The policy aligns with international best practices and seeks to elevate service quality,” Mr Agbebire said.
He added that passengers deserved “clean, safe, comfortable and professionally maintained vehicles” within airport transport systems.
The FAAN spokesman dismissed claims that the authority had failed to engage operators on the policy, insisting that consultations had been ongoing.
He said FAAN maintained regular discussions with licensed transport providers operating within airport premises, stressing that engagement was conducted directly with corporate entities rather than unions or associations.
“Engagements on operational matters are conducted directly with affected corporate entities,” he said.
Mr Agbebire explained that discussions on the upgrade requirement began in July 2024, giving operators time to comply.
He noted that the original compliance deadline had already been extended twice—from January 2026 to June 2026—citing economic realities and the need to give operators adequate preparation time.
According to him, the policy was not intended to punish operators or restrict their participation in airport transport services.
“Operators have been afforded ample opportunity to prepare for compliance,” he stated.
However, he warned that further extensions beyond the proposed October deadline may not be granted.
Mr Agbebire acknowledged the role of airport cab operators in passenger movement, urging them to support the initiative aimed at improving service delivery.
He added that FAAN remains committed to passenger-focused reforms across Nigeria’s aviation sector.
Travel/Tourism
EFCC to Arraign Enugu Visa Consultant for Alleged N68m Fraud
By Aduragbemi Omiyale
A travel agent and visa consultant identified as Mrs Chukwujindu Goodness Nchekwube is currently being investigated by the Economic and Financial Crimes Commission (EFCC) for allegedly defrauding about 24 persons.
The suspect, who runs Goodben Global Travels and Tour Limited, was arrested by the agency alongside one Mr Rogers Oluwaseyi Eruku, also known as Bakary Rogers Yanni.
The EFCC said the suspects would be brought before the court as soon as it concludes its investigations regarding bordering on duping the victims of about N68 million under the pretence of assisting them to process work visas.
A petitioner, Mr James Ikechukwu, alleged that the travel agent approached him and introduced herself as a visa consultant capable of assisting people to procure work visas to their desired countries, through Goodben Global Travels and Tour Limited.
He further alleged that between September, 2024 and December, 2025, he contracted Nchekwube’s company (Goodben Global Travels and Tour Limited) to process work visas to various countries for 20 (Twenty) of his clients and the sum of N57.6 million was transferred to her company’s accounts for processing the visas, with a promise to deliver them at a stipulated period of time.
“However, after receiving the money, Mrs Nchekwube blatantly refused to deliver the visas to my clients as agreed, rather, she converted the money to her personal use.
“After much persistence for her to deliver the work visas, she delivered some visas to some of my clients, but to our greatest surprise, it was discovered that the visas/offer letters were forged to make my clients believe that they were genuine”, the petitioner alleged.
In the course of the investigation, the suspect claimed that she gave the said money to Eruku, who had presented himself to her as a reliable person capable of procuring visas for people to any part of the world. She claimed that the said fake visa/offer letters were procured by Eruku.
In a curious twist, another petitioner, Oranezi David Chinedu, alleged that Eruku, sometime in May 2024, offered to procure work visas for him and three of his friends to Ireland and some other countries.
He claimed that the total money fraudulently collected by Eruku for the visas was N10.4 million, only for him to hand over forged documents to them.
“I was highly disappointed at the [alleged] criminal act by Bakary Rogers Yanni to have collected money for visa processing purposes only to issue me and my friends fake documents,” he said.
Travel/Tourism
Air Tanzania to Commence Direct Flights to Moscow July 2
By Kestér Kenn Klomegâh
To significantly boost economic diplomacy, trade, and tourism between Tanzania and Russia, Air Tanzania will commence direct flights from Dar es Salaam and Zanzibar to Moscow, the capital of Russia, from July 2, 2026.
Early June, the President of Tanzania, Ms Samia Suluhu Hassan, and her delegation were in Moscow and St Petersburg’s SPIEF-2026, at the invitation of Russian leader Vladimir Putin. One of the dominant topics discussed by the two parties was tourism. This was a follow-up to earlier visits by Russian delegations to Tanzania on the matter.
The sides noted that the country is well-positioned to become a more attractive destination for Russian tourists. The Russian party also offered help in promoting Tanzanian tourist products on the Russian market, organising business meetings with Russian travel agents and presenting the tourist potential at Russia’s tourist forums.
The Russian Federal Air Transport Agency, Rosaviatsiya, sent an authorisation to Air Tanzania for making flights over the route of Dar es Salaam – Moscow. “Rosaviatsiya received an application from the Tanzanian national air carrier, Air Tanzania, to make flights on the route of Dar es Salaam – Moscow. The issue was promptly considered, and the authorisation for flights was already sent to the airline. Air Tanzania did not make flights to Russia before,” Russian Transport Minister Andrey Nikitin told Russian reporters.
Tanzania has been a popular tourist destination for Russian tourists for years, particularly Zanzibar. “Unfortunately, during the pandemic, the number fell sharply, and now we are trying to increase it again. But to increase the number of tourists, we need several factors to be in place. The most important thing to do to bring back the number of tourists to a high level is to establish direct flights from Russia to Tanzania,” Russian Ambassador to Tanzania, Andrey Avetisyan, explained in an interview with The Citizen newspaper.
The key operational and news details include:
Launch Date: Direct flights officially begin on July 2, 2026, marking a massive milestone for African-Eurasian travel.
Frequency: Air Tanzania will operate three weekly flights between Tanzania and Moscow (departing on Mondays, Wednesdays, and Fridays). The journey time will be 8 hours and 30 minutes.
The Route: From Moscow, the flights will operate from Vnukovo airport. Using the Boeing 787 Dreamliner aircraft, planes will fly between Dar es Salaam, Zanzibar, and Moscow, with initial discussions highlighting a strategic stop in the Seychelles for refuelling.
Tanzania has hit a record in terms of the number of foreign tourists. By facilitating this travel arrangement, Russia and Tanzania have taken a significant step forward in establishing connectivity with the Island, well-known for recreation. Welcomed by East African entrepreneurs, this policy initiative indicates broader efforts to promote a more interconnected and open Africa.
In 2024, the country accepted more than 1.5 million guests on its territory. According to tourism experts, the new development will likely go beyond the traditional recreation, to create grounds for expansion and diversification of its various types of tourism, including medical, sports and business tourism.
Zanzibar, off Tanzania’s coast, is one of East Africa’s most popular tourist destinations and attracts visitors from Europe and North America. In addition, Zanzibar is now attracting Russian tourists. “We look forward to the emerging tourism dynamics, future collaboration between the two countries,” says Tour Operator Karina Yefimova at the “Let’s Travel” forum in June 2026.
With an estimated population of 1.9 million people, Zanzibar is a Tanzanian archipelago off the coast of East Africa. It is located in the Indian Ocean, and consists of many small islands and two large ones: Unguja (the main island, referred to informally as Zanzibar) and Pemba Island.
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