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Why You need an Estate Plan now!

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: L-R: Former Group Managing Director, Telnet Nigeria Limited, Dr. Nadu Denloye, Executive Director Investments; Stanbic IBTC Asset Management Limited, Mr. Shuaib Audu; Head, Research and Corporate Strategy, Stanbic IBTC Pension Managers Limited, Mr. Charles Omoera; and Chief Executive, Stanbic IBTC Trustees Limited (SITL), Mrs. Binta Max-Gbinije, during SITL’s Legacee Roundtable in Lagos on Friday, 16 June 2017

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To most people, having an estate plan or will is more like a death wish. Even when someone tells them about it, they reject it and even cast the person away, accusing them of wishing them death but that isn’t the case, and even researches have proven that people who have an estate plan live longer than those who don’t have. An estate plan is a well documented statement of how an individual wants his property, wealth, belongings to be shared to his family members when he dies.

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We’ve heard issues of young rich guys dying at the age of 30, even some die in their early twenties which with the orientation that an estate plan is for people who are old and almost dying, they would have neglected the call to do it, at the end of the day, their belongings become transferred to the states or family members start battling each other over it.

We work a lot, we struggle a lot, wake up 5am just to be at work and return home 11pm, all in the name of making money, providing for the needs of your family, building your own house, buying fleet of cars but at the end of it all, You will die, everyone will die, how then do you want your after-life look like, would it be nice if all you have worked for becomes occupied by someone who never knew about your struggles or someone who doesn’t deserve to benefit from it, If married, Your wife and kids might even suffer for it in a case where you didn’t have an estate plan or a will, the belongings might end up being snatched from them and you are to be blamed and might not Rest in Peace!

Today, a lot of cases are still in court over possession of properties of a dead family member, some for 10 years, even up to 40 years simply because an estate plan wasn’t made before the deceased left, leaving family members to be in serious war over the properties, In order to avoid all this, An estate Plan or will needs to be done NOW, with the right people in charge.

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You need Professional people, those who know what they do, those who would stand for you while you are six-feet down, people you can trust, above all, You need Stanbic IBTC Trustees Limited.

L-R: Former Group Managing Director, Telnet Nigeria Limited, Dr. Nadu Denloye, Executive Director Investments; Stanbic IBTC Asset Management Limited, Mr. Shuaib Audu; Chief Executive, Stanbic IBTC Trustees Limited (SITL), Mrs. Binta Max-Gbinije; and Head, Research and Corporate Strategy, Stanbic IBTC Pension Managers Limited, Mr. Charles Omoera, during SITL’s Legacee Roundtable in Lagos on Friday, 16 June 2017

Stanbic IBTC Trustees Limited is an organisation that ensures the process to receive a probate of the will though not taking the place of a lawyer but when it comes to execution of the will, even when the lawyer isn’t there, Stanbic IBCT Trustees Limited comes in. They ensure there’s no collision at anytime and you can also re-write your will, update it when you feel like adding an acquisition to it.

The CEO, Mrs. Binta Max-Gbinije revealed that  With Stanbic IBTC Trustees Limited, You can opt for any of two packages; The Simple will which is fee and with just a payment of N5,000 annually for the security of your document. In this package, You only add your monetary value and can also have your retirement savings account on it while we have the comprehensive will which you pay between N200,000- N500,000 for the security of your document, with this you can add your landed properties, houses, cars and everything you own.

However, you don’t need to be rich to have an estate Plan, and whenever you want to opt it, Try Stanbic IBTC Trustees Limited

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Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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Dana Airline’s Troubled History of Scandals and Safety Concerns

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Dana Airline’s Troubled History of Scandals and Safety Concerns

 

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In the turbulent skies of Nigeria’s aviation industry, Dana Airline has become synonymous with controversy and scandal. From regulatory violations to financial mismanagement, the airline’s history is marred by a litany of transgressions that have raised serious questions about its commitment to safety and integrity.

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One of the most alarming issues plaguing Dana Airline is the recurrent violation of flight crew duty regulations. Reports have surfaced indicating pilots flying over their allowed hours, raising concerns about fatigue and compromised safety standards. Such breaches not only endanger passengers but also erode trust in the airline’s operational integrity.

Financial misconduct further tarnishes Dana Airline’s reputation, with instances of fake telexes being sent to suppliers and staff to deceive them into making payments. In one egregious case, an engine was reclaimed by a lessor due to non-payment, only for Dana Airline to find the supplier bankrupt upon attempting to settle the freight costs. This pattern of defaulting on payments extends across all suppliers and includes the non-payment of staff salaries, painting a picture of financial instability and irresponsibility.

Safety is paramount in aviation, yet Dana Airline’s management has been accused of prioritizing profit over passenger welfare. Instances where the Managing Director overrules safety protocols set by management, coupled with weight and balance miscalculations due to cargo and excess baggage fraud, underscore a disturbing trend of negligence.

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Moreover, the airline’s questionable practices extend to its maintenance operations, where falsified records and quick fixes by Indonesian personnel have compromised safety standards. The turnover of directors in the maintenance department reflects the dire financial constraints preventing proper maintenance procedures.

The lack of proper financial management and qualified personnel exacerbates Dana Airline’s woes, with the Chief Financial Officer’s association with Dana Group, under scrutiny for financial fraud, raising further red flags. Suppliers coerced into lying about amounts due during audits and the circumvention of regulatory payments only add to the company’s litany of transgressions.

Despite previous groundings and regulatory scrutiny, Dana Airline has persistently managed to evade accountability, with reports of political influence being used to circumvent regulatory actions. However, a thorough financial audit, if conducted, would likely reveal the airline’s precarious financial position, potentially rendering it unfit to operate.

In conclusion, Dana Airline’s track record of scandals and safety breaches raises serious doubts about its commitment to passenger safety and regulatory compliance. Unless substantive changes are made to address the underlying issues plaguing the airline, its continued operation poses a significant risk to the flying public.

 

Dana Airline's Troubled History of Scandals and Safety Concerns

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Fidelity Bank Commends Air Peace’s Performance

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Fidelity Bank Commends Air Peace’s Performance

 

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Fidelity Bank Commends Air Peace’s Performance

. Celebrates Airline For The Commencement of the Lagos-London Route

LAGOS – Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago.

 

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Fidelity Bank Commends Air Peace’s Performance

Dr. Nneka Onyeali-Ikpe, the Managing Director, Fidelity Bank Plc gave the commendation over the weekend in Lagos during a special event organised for the airline by the bank to celebrate Air Peace for the milestone of commencement of direct flights from Lagos to London.

According to Nneka Onyeali-Ikpe, who doubled as the host at the event, the airline has upheld the principles of financial discipline and good corporate governance since inception, while it has also been very loyal to the bank.

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She expressed delight that the bank had the airline as one of its major clients since inception, stressing that the Bank was celebrating the airline’s milestone of launching direct flight service to London and other developments it would attain in the future.

The event, which held at the Civic Center, Victoria Island, Lagos, had in attendance several bank Managing Directors, stakeholders in the aviation sector, media personalities and well-wishers of both brands.

Speaking at the event, an elated Dr. Allen Onyema, the Chairman, Air Peace, observed that it was not rosy for the airline to attain its status and expressed gratitude to the flying public, the various aviation stakeholders, the media and the government for the continued support since it launched in 2014.

He specifically acknowledged the pivotal role played by Engr. Ben Adeyileka, the former Acting Director-General, Nigeria Civil Aviation Authority (NCAA), in helping the airline secure its Airline Operator Certificate (AOC).

He further commended Fidelity Bank for the consistent support and stressed that the bank had contributed to the success story of the airline.

“I call it our journey with Fidelity Bank. I did not envisage this day would come when an indigenous institution would be celebrating another indigenous institution. Fidelity supports real business. They keep removing people from the streets of poverty. Let other banks emulate Fidelity,” he said.

He reiterated that Air Peace was set up primarily to create employment, not for profitmaking, stressing that the motivation behind the business was to empower Nigerians economically.

“Air Peace was not borne out of the intent to profiteer, but to create jobs. Air Peace was not established because I wanted more money but because of the conviction that running an airline would create massive job opportunities. That was why we went into aviation”, he remarked.

He restated the airline’s belief in the Nigerian project, maintaining that supporting the airline meant supporting the growth of the Nigerian economy.

Onyema further craved for the support of all Nigerians on the Lagos-London route, which it opened on March 30, 2024.

He explained that the airline needed to sustain the route, stressing that this could only be done through support from Nigerians.

He said: “For every penny you pay to Air Peace, you pay to sustain the jobs of thousands of Nigerians and support economic growth.

“Air Peace flies you from any of our domestic routes to London. So, you can fly from Yola to London via Lagos. From the local airport, you are taken to the international airport free of charge with a seamless luggage transfer.”

He pledged that the airline would continue to fully adhere to the standard of safety and lauded the management and staff of Air Peace for their efforts in realising the London dream.

 

 

 

 

 

 

 

 

 

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Dangote Group is the elixir of Gateway int’l Trade Fair – OGUNCCIMA

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Dangote: NANS Write President Tinubu Over mismanagement Of CTIN Funds (Video)

Dangote Group is the elixir of Gateway int’l Trade Fair – OGUNCCIMA

…Subsidiaries hit Ogun trade fair

 

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Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the Gateway International Trade Fair.

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This is just as companies under the leading African Indigenous Conglomerate, Dangote Industries Limited, hit the trade fair with their various products as part of strategies to increase market share and deepen customers’ affection.

 

 

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The President of the chamber, Engr. Mike Akingbade, stated this when Ogun state governor, Dapo Abiodun officially opened the 13th edition of the Trade Fair at the M.K.O Abiola Trade Fair Complex, Oke Mosan, Abeokuta

Akingbade lauded the support of Dangote Group in sustaining the Trade Fair, which he noted has led to the prosperity of the state and economic freedom for the people.

“A special commendation must be given to Dangote Industries Limited which has remained the major sponsor of the Gateway International Trade Fair for many years. The committed support of the Dangote Group is the elixir with which the trade fair is activated and OGUNCCINA is eternally grateful for the wonderful gesture of the company,” he said.

He said the 13th Gateway International Trade Fair with the theme: “Achieving Economic Prosperity through Business Connection, Trade and Investment, “is aimed among others, to allow businesses to expand their reach, access new markets, and diversify their customer base. He emphasized that forging robust business connections, participating in trade activities, and making strategic investments will unlock new markets, stimulate economic growth, and enhance overall prosperity.

The Regional Sales Director, Dangote Cement PLC, Lagos/Ogun, Mr Tunde Mabogunje in his goodwill address, assured Ogun state government and OGUNCIMMA of the continuous support of the company, noting that the Group is dedicated to enhancing the prosperity of Nigeria by creating opportunities for Nigerians and businesses in the country.

Mabogunje said visitors to the Dangote Group’s pavilion at the fair will have the opportunity of buying products of these companies at reasonably reduced prices as the Dangote businesses will be selling at discounted prices.

He also hinted that the Dangote Refinery will be part of the next edition of the Trade Fair.

“We want to appreciate Ogun state for bringing us as a partner. We want to assure you that we will be here next year bigger. By next year, our refinery will be part of the Trade Fair,” he said.

Governor Dapo Abiodun who visited the Dangote pavilion immediately after performing the ribbon-cutting ceremony, commended the company and others for supporting the Trade Fair which he noted is aimed at stimulating economic growth.

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