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Acting DG Of NCCA, Chris Najomo Purchases N250 Million SUV After Three Months Appointment

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Acting DG Of NCCA, Chris Najomo Purchases N250 Million SUV After Three Months Appointment—-A few months after appointment as acting director-general of Nigerian Civil Aviation Authority, NCAA, Capt. Chris Najomo is enmeshed in alleged financial recklessness, violations of government procurement regulations, and gross abuse of office.

DAILY NIGERIAN reports that the top aviation regulator had proposed to spend N3,000,000,000 on purchase of vehicles; N4,317,070,233 on “international transport”; N3,310,009,756 on “local transport and travels for training” and; N8,342,547,767 on “travels and transport”.

But soon after his appointment as acting DG on December 13, 2023, Mr Najomo went on spending spree, purchasing a 2022 Toyota Landcruiser (70th Anniversary Edition) worth over N250m, which was not even captured in the budget.

An insider told this newspaper that there is no appropriation approval by the National Assembly in NCAA budget for the purchase of this particular vehicle.

DAILY NIGERIAN investigations also revealed that the SUV was procured without the statutory approvals of the Bureau of Public Procurement and the Federal Executive Council.

“The NCAA took delivery of the vehicle towards the end of February this year. The vehicle has full option specifications. The DG has been using it with the DG’s official custom number plate “01”.

“The DG’s extra-budgetary expenditure is a gross violation of government procurement and financial regulations, which stipulates 5-year jail term without option of fine.

“A government policy provides that no motor vehicle, no matter how inconsequential the price, shall be purchased by MDAs without the approval of the Federal Executive Council,” the source added.

DAILY NIGERIAN gathered that the acting director general also approved foreign trainings for 109 staff at a cost of over N1 billion within the week he assumed duty as acting DG.

It was gathered that staff are yet to embark on the trip months after the payment.

“This mismanagement is in addition to several actions by the acting DG that has raised eyebrows within the industry, which include non-compliance with government directives to open new TSA accounts for deduction of 50% income and attempt to circumvent the directives by attempting to convert $13 million to naira without equivalent naira expenses,” said the source.

The source noted that the infractions have led to the freezing of the authority’s TSA account domiciled in the Central Bank of Nigeria, CBN.

“This red a red flag that led to a subsequent freezing of the authority’s TSA accounts with CBN. Also, the acting DG approved foreign training for over 100 staff at a cost of over N1 billion within the week he assumed office as the DG. It is observed that the staff are from the Directorate of Air Transport Regulation, the erstwhile Directorate he was heading. The foreign training is yet to commence several months after approval.

“In estacode alone, the DG approved the payment of 129,000 dollars, while over N350m approved for air tickets. Don’t even talk about the cost of the training and other expenses,” the source added.

But when contacted to respond to the allegations, Vivien Okeyia of the Public Affairs Department of the NCAA denied the allegations, saying the figures quoted for the purchase of the DG’s vehicle were incorrect.

“First, there is the need to purchase the vehicles because the acting DG and other directors don’t have official vehicles. The former director general left with vehicles,” she said.

Although insiders had confirmed that the acting DG had been using the vehicle for over one month, Ms Okeyia said the vehicle had not been purchased yet.

She added that it is one of the several other vehicles to be purchased for the top management officials of the NCAA.

“On the issue of N1 billion for staff training, I can tell you authoritatively that there is still some training even from the 2023 budget that are yet to be done, which I can attest to. I think they should have carried out a proper investigation before bringing this up,” Ms Okeyia said.

She also denied claims of non-compliance with the Treasury Single Account, TSA, and non-remittance of statutory deductions to the CBN.

“I don’t even know where that is coming from. But it is not true. Just recently, the aviation union workers threatened to downtool over the 50 % remittance of aviation IGR to the government. So that already cancels the argument and tells you that the DG is not withholding anything,” she said.

The NCAA spokesperson, however, didn’t comment on the alleged freezing of the agency’s account by the CBN over attempts to convert $13 million into naira.

In his reaction to allegations of retaining the official vehicle of the director-general, the suspended DG, Capt. Musa Nuhu, said he is still the substantive director-general of the NCAA.

“Let me correct you that I was not sacked as DG of NCAA. I was only suspended to pave the way for investigation. By law, I’m still the director-general. The official vehicles have been in my use for some years, and I am entitled to offer of first refusal at the vehicle’s salvage value at the end of my tenure,” he said.

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BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener

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BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener—-Morocco stunned the five-time champions with an early breakthrough before Vinícius Júnior’s moment of brilliance earned Brazil a hard-fought 1-1 draw in Group C.

Brazil were forced to settle for a point in their opening match of the 2026 FIFA World Cup after a spirited Morocco side held the South American giants to a 1-1 draw in a captivating Group C encounter at MetLife Stadium.

The Atlas Lions struck first in the 21st minute when Ismael Saibari latched onto a perfectly weighted pass from Brahim Díaz before calmly lifting the ball over goalkeeper Alisson Becker to give Morocco a deserved lead. The African side’s intensity and organization troubled Brazil throughout the opening stages.

Brazil responded through their star man Vinícius Júnior, who produced a moment of individual brilliance in the 32nd minute. The Real Madrid winger drove into the box and unleashed a powerful finish beyond Yassine Bounou to restore parity and ignite the Brazilian supporters.

Despite enjoying more possession after the break, Brazil struggled to break down a disciplined Moroccan defence. Morocco, meanwhile, continued to threaten on the counterattack and arguably created the clearer opportunities in the closing stages.

The result leaves Group C finely poised, with both teams earning a valuable point in what was billed as one of the most anticipated fixtures of the opening round. While Brazil avoided an early setback thanks to Vinícius’ heroics, Morocco once again demonstrated why they remain one of the most dangerous sides on the international stage.

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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