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Why ‘unidentified’ aircraft flew over Aso Presidential Villa

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The Nigerian Airspace Management Authority (NAMA) has called for calm over reports that a unidentified airplane as of recently hovered over Nigeria’s seat of power, the Aso Presidential Villa.

Managing Director of NAMA, Mr Ahmed Farouk in a statement given on Saturday in Lagos said:

“The violation was in the interest of safety, as a result of adverse weather (serious thunderstorm) on the said date”.

He insisted that the Nigerian airspace is completely covered by radar.

Farouk uncovered that the radar stations in Nigeria situated in Kano, Lagos, Abuja, and Port-Harcourt are all serviceable.

He described as untrue and misdirecting the claims by a blogger that an unidentified airplane was spotted at the Presidential Villa, Abuja undetected.

As per him, radar services for Terminal and Enroute flights are decidedly recognized and give air navigation services to airspace users.

“The agency hereby wishes to state that the claim that the Nigerian airspace is not covered by radar is false and misleading.

“The radar stations in Nigeria (Kano, Lagos, Abuja, and Port-Harcourt) are serviceable. Radar services for terminal and enroute flights are positively identified and provide air navigation services to airspace users.

“Yes, it is true that the TRACON system, like any other electronics systems, is undergoing an upgrade of software and modernisation to meet the ever growing demand for efficient, effective and seamless air traffic management services.

“Furthermore, the welfare of Nigerian Air Traffic Controllers in terms of salaries and allowances is not in contention, as to suggest that it is the lowest in the world.”

Farouk added: “The reported ‘unidentified’ aircraft is a security terminology. In real terms, the aircraft in question is known, but only to the ATC.

“The violation was in the interest of safety, as a result of adverse weather (serious thunderstorm) on the said date.

“The purported circular issued by the NCAA is for airlines to be guided from straying into the marked and published prohibited or restricted areas of the Nigerian airspace.

“It is obvious that the journalist in question does not understand the workings of the surveillance systems, hence his misconstrued and misguided information on Primary and Secondary Radar.

“The agency shall willfully volunteer information on her services to anyone who requires them at any time.

“We are pleased to say that the Nigerian airspace is safe and secured,”

Farouk said.

(NAN)

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DStv, Gotv reduce subscription fee after losing subscribers

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DStv and GOtv, have supposedly returned to its previous subscription fee after a court request considered its new cost hikes unjustified.

Review that MultiChoice, owner of cable tv had expanded subscription fees because of high inflation and the devaluation of the naira in Nigeria.

In any case, the court disallowed this increment, prompting the organization to bring down its costs back to the first rates.

Reports show that the cost hike essentially affected MultiChoice’s subscribers base in Nigeria, with over 1,000,000 subscribers lost because of the greater expenses.

The revised prices are as follows:

DStv Premium package: N29,500 (down from N37,000)

DStv Compact+ package: N19,800 (down from N25,000)

DStv Compact Bouquet: N12,500 (down from N15,700)

DStv Confam package: N7,400 (down from N9,300)

DStv Yanga package: N4,200 (down from N5,100)

DStv Padi package: N2,950 (down from N3,600)

GOtv subscribers will also benefit from reduced prices:

GOtv Super+ package: N12,500 (down from N15,700)

GOtv Super package: N7,600 (down from N9,600)

GOtv Max package: N5,700

GOtv Joli package: N3,950

GOtv Jinja package: N2,700 (down from N3,300)

It remains uncertain whether MultiChoice will comply with the court’s directive to offer a month-free subscription to affected customers.

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Nigeria’s securities exchange issues disclaimer on $DAVIDO

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Nigeria’s Securities and Exchange Commission (SEC) has issued a disclaimer alert to investors regarding $DAVIDO, a meme coin backed and promoted by Afrobeats superstar Davido which dipped by 90 within 24 hours of its launch. It raced to a $10 million market capitalisation just four hours after it launched on Wednesday, May 29.

“The Commission does not recognise $Davido as an investment product or investable asset class under its regulatory purview, as such individuals who patronise it do so at their peril,” the SEC said in a statement on its website.

On his third venture into the crypto space, the disclaimer from the SEC could dent his reputation as a viable investment partner after the failure of $echoke on the Binance Smart Chain and Racksterli, which turned out to be a Ponzi scheme.

The Grammy Award nominee was accused of rug pulling, after he posted his gains from the project.

A rug pull is a scam in the cryptocurrency space where coin project developers create a false sense of security and hype. Investors are lured in by promises and a seemingly legitimate project, only to have the developers vanish abruptly, leaving the invested funds inaccessible and the project worthless.

The SEC advised the public against investing in the coin, noting that meme coins are not

“intended to serve as a medium of exchange accepted by the public as payment for goods and services, or as a digital representation of capital market products…or other kinds of financial instruments or investments.”

“The general public is hereby advised that meme coins lack fundamental value and are purely speculative. The general public is further warned that investing in meme coins, including $Davido, is highly risky and should be done with a full understanding of the associated risk,” the Commission said.

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Mobile Google CEO Promises 11 Daydream-compatible phones

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