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Wigwe: NSIB collaborates NTSB to investigate helicopter crash

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The Nigerian Safety Investigation Bureau (NSIB) says it is collaborating with the National Transportation Safety Board (NTSB) to intensify investigation on the helicopter that caused the death of Dr Herbert Wigwe and five others.

Mrs Bimbo Oladeji, Director, Public Affairs and Consumer Protection, disclosed this in a statement on Monday.

The News Agency of Nigeria (NAN) reports that Wigwe, the Group Chief Executive Officer of Access Holdings, his wife, son and some others were onboard the ill-fated Airbus Helicopter EC130B4 helicopter.

The crash occurred on Friday, Feb. 9, at about 10:08 p.m. near Interstate 15 in Halloran Springs, California, while the NTSB confirmed the accident via its post on X .

It stated that it had dispatched its “Go Team” to investigate the accident.

The ill-fated helicopter, operated by Orbic Air, LLC as a Part 135 chartered flight, departed from Palm Springs, California, at 8:45 p.m. PST, enroute to Boulder City, Nevada, said Michael Graham, a board member of the National Transportation Safety Board, during a news conference on Saturday.

“Regrettably, the United States authorities have now confirmed that everyone onboard the aircraft lost their lives in the crash.

“The deceased are two crew members comprising a pilot in command and a “safety pilot” and four passengers namely Dr Herbert Wigwe, his wife, son, and Mr Abimbola Ogunbanjo, former Group Chairman of the Nigerian Exchange Group Plc, (NGX Group),

“In the aftermath of the accident, the Director-General, NSIB, Captain Alex Badeh, established contact with NTSB, in accordance with Chapter 5 subsection 27 of ICAO’s Annex 13 to the Convention on International Civil Aviation-Aircraft Accident and Incident Investigation, which grants a State (nation) special interest in an accident involving its citizens.

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The section reads: “5.27 A State which has a special interest in an accident by virtue of fatalities or serious injuries to its citizens shall be entitled to appoint an expert who shall be entitled to.

“Visit the scene of the accident; have access to the relevant information which is approved for public release by the state conducting the investigation, and information on the progress of the investigation; and receive a copy of the final report,” the statement read.

It said that the ICAO’s Annex 13 to the Convention on International Civil, therefore, granted Nigeria, through the NSIB, the prerogative to appoint an expert to actively participate in the investigation.

“This participation ensures access to relevant information and facilitates cooperation with the investigating authorities, towards ensuring the investigation reaches a conclusive outcome.

“The ongoing discussion between the NSIB and NTSB has highlighted the diligent investigation efforts of the NTSB. NTSB investigators were present at the crash scene in Halloran Springs, California, on Saturday to collect evidence and conduct initial on-scene documentation.

“The documentation process included aerial mapping of the wreckage with a drone, and site measurements.

“Correspondence between the NSIB and NTSB further revealed that the NTSB investigation into the crash is being led by Aaron Sauer as the investigator in charge, supported by Mark Ward as the deputy investigator in charge.

“Several other NTSB investigators will also be examining various aspects of the accident including airworthiness and maintenance structures, operations, meteorology and air traffic control,” he said.

It also said that the airworthiness investigation group had initiated a meticulous examination of the debris field, which spans approximately 100 yards.

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The bureau noted, “All significant components of the helicopter, including the main transmission, engine, and various avionic elements, were identified and accounted for at the accident site.

“In tandem, the operations investigation group has commenced gathering crucial company information, including pilot records, flight dispatch records, and aircraft maintenance records.

“Moving forward, coordination is underway by the NTSB to transfer the wreckage to a secure location on Tuesday for in-depth examination and analysis scheduled.

“Parties to the investigation include Orbic Air, LLC, and the FAA. As the investigation continues, other parties could be named.

“Additionally, the Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA), the French aviation accident investigation agency, will also serve as an accredited representative, due to France being the state of manufacturer for the Airbus helicopter and Turbomeca Engine.

“Both Airbus Helicopters and Turbomeca Engines will serve as technical advisors to the investigation.”

According to the statement, the duration of the accident investigation being conducted by NTSB is expected to take approximately 18 to 24 months to complete.(NAN)

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Labour Union Backs Tinubu’s Economic Reforms

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By Abubakar Yunusa

The Association of Labour Veteran and Trade Union Assembly has voiced its support for President Bola Tinubu’s economic reforms, claiming that food prices have significantly decreased across the country.

In a statement issued on Thursday, the union’s interim president, Comrade Isa Tijjani, acknowledged the initial economic hardship faced by Nigerians at the beginning of Tinubu’s administration but insisted that government efforts had led to tangible improvements.

“At the start of this administration, the cost of food soared, and the nation was filled with cries of hunger and complaints. People were urged to be patient as the government worked towards solutions,” Tijjani said.

“Now, the President and his aides have worked tirelessly, and prices have come down drastically. However, I have yet to hear words of appreciation for their efforts. Recognising their achievements will encourage them to do even more for the nation.”

Tijjani, a former national vice-president of the Nigeria Labour Congress, urged Nigerians to differentiate between constructive criticism and unwarranted opposition.

He emphasised that engaging with the government in a respectful and solution-oriented manner would yield better results than resorting to hostility.

“The President of this country today is Alhaji Bola Ahmed Tinubu. Advising him in a humble and respectful manner will be more productive than adopting a confrontational stance. Constructive engagement achieves more than threats and name-calling,” he added.

Tijjani also condemned the recent act of violence in Edo State, describing it as a cowardly attempt to incite division and instability in Nigeria.

He welcomed the swift response of both the President and the Governor of Edo State in addressing the situation and called for the perpetrators to be brought to justice.

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The labour leader further urged union members to participate in the upcoming General Executive Council meeting, where the union’s position on national issues will be formalised and disseminated at all levels of governance, from the state to the local and ward levels.

The Tinubu administration has faced criticism over the country’s economic challenges, including inflation and currency depreciation. However, government officials have maintained that their policies will yield long-term benefits for Nigeria’s economy.

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Sterling Bank Stops Transfer Fees On Online Transactions

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Sterling Bank has announced the removal of transfer fees on all local online transactions.

The move was confirmed by the bank on Tuesday in a press release.

The development makes it the first major Nigerian bank to eliminate the contentious charges for digital banking.

The statement noted that the bank reaffirmed its commitment to customer-centric banking, declaring that the zero-transfer-fee policy is real and effective immediately.

The initiative is expected to bring significant relief to individuals and small business owners who conduct frequent transactions.

The bank’s Growth Executive in charge of Consumer and Business Banking, Obinna Ukachukwu, described the decision as a values-driven approach aimed at ensuring fair and inclusive banking.

“We believe access to your own money shouldn’t come with a penalty.

“This is more than a financial decision—it’s about redefining banking to put customers first,” he stated.

Under the new policy, Sterling customers will not be charged for local transfers conducted via the bank’s mobile app.

Ukachukwu emphasised that the bank’s decision is about more than just competitive strategy.

He said, “We’re not yet the biggest bank in Nigeria, but we’ve been the boldest.

Sterling fearlessly believes in the future of Nigeria, and this is us backing Nigerians with more than words.

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CBN Debunks Introducing N5,000, N10,000 Banknotes

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The Central Bank of Nigeria dismissed a report claiming it had introduced N5,000 and N10,000 banknotes to facilitate cash transactions as false.

In a statement posted on its official X handle on Wednesday, the apex bank described the report as fake and urged Nigerians to disregard it.

“The content is not from the Central Bank of Nigeria. Kindly note that the official website of the CBN is cbn.gov.ng,” the statement read.

A statement from the CBN’s communications department further clarified, “The only official sources for releasing statements to the media are our website or statements from our department. There is also no Deputy Governor by such name. We are investigating the source of this fake content.”

The report quoted one Deputy CBN Governor, Ibrahim Tahir Jr., the move is aimed at reducing cash-handling costs and providing Nigerians with more efficient means of conducting large transactions.

“The introduction of these new high-value denominations aligns with global best practices and will enhance economic activities while reducing the stress associated with carrying large amounts of cash,” the Governor stated. The CBN said there is no such name in its leadership.

“The new N5,000 note will feature the portrait of Chief Obafemi Awolowo, while the N10,000 note will showcase Dr. Nnamdi Azikiwe, both in recognition of their contributions to Nigeria’s development.

“Additionally, the new notes will incorporate enhanced security features, including color-changing ink, holograms, and anti-counterfeiting technology, making them impossible to replicate,” the fake report stated.

The fake report also said the nationwide rollout would begin on May 1, 2025, with commercial banks instructed to start issuing the new notes via ATMs and over-the-counter transactions.

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