Business
Nigeria’s Luxury Jet Repossessed by Chinese Firm In Canada Over Unpaid Debt
A luxury jet owned by the Nigerian government has been repossessed by a Chinese firm, Zhongshang Fucheng Industrial Investment Ltd, in Canada. The Bombardier 6000 type BD-700-1A10 aircraft was seized after a Canadian court granted Zhongshang permission to take custody of the plane.
According to Peoples Gazette, Zhongshang recently received a change of custodian paperwork for the aircraft from Canadian authorities in Montreal. The paperwork change was made after a Canadian court gave a verdict empowering the firm to seize the jet from Nigeria.
A source with knowledge of Zhongshang’s activities said anonymously: “The court granted orders for Zhongshang to seize the plane earlier this year, but the change of custody from Nigeria to Zhongshang was only recently concluded.”
The source added: “Zhongshang will not stop seizing Nigeria’s assets worldwide until the last cent of the arbitration awards has been paid.”
The report states that Nigeria’s bid to retain ownership of the aircraft was quashed by Judge David Collier of the Superior Court of Quebec on March 21, 2024.
Read also : Peter Obi Slams Seizure Of Presidential Jets As “International Embarrassment”
This is not the first time Nigeria’s assets have been seized by Zhongshang. The firm has already taken possession of Nigerian assets in the United Kingdom and France. The latest seizure brings the total number of countries where Nigeria’s assets have been seized to three.
The repossession of the luxury jet is a significant embarrassment for the Nigerian government, which had attempted to retain ownership of the aircraft. The seizure is part of an effort to recover unpaid arbitration awards.
In a remarkable crew-swap mission, a SpaceX capsule successfully docked at the International Space Station (ISS) on Sunday, delivering four astronauts and paving the way for the return of two stuck astronauts, Butch Wilmore and Sunita Williams, after nine months in orbit.
The Crew-10 astronauts’ SpaceX Crew Dragon capsule launched from NASA’s Kennedy Space Center in Florida on Friday at 7:03 p.m. ET and docked at the ISS approximately 29 hours later, at 12:04 a.m. ET (0404 GMT) on Sunday. The seven-member crew of the ISS, including Wilmore and Williams, welcomed the new arrivals.
Wilmore and Williams, veteran NASA astronauts and retired Navy test pilots, have been stranded on the ISS due to problems with Boeing’s Star-liner capsule. Their return to Earth is now imminent, with a scheduled departure on Wednesday at 4 a.m. ET (0800 GMT), alongside NASA astronaut Nick Hague and Russian cosmonaut Aleksandr Gorbunov.
The Crew-10 mission has been marked by controversy, with President Donald Trump and his adviser Elon Musk, also SpaceX’s CEO, urging a quicker launch and claiming that Trump’s predecessor, Joe Biden, had abandoned Wilmore and Williams on the station for political reasons.
Despite the politics, Wilmore and Williams have continued to conduct scientific research and routine maintenance on the ISS. Williams expressed her excitement about returning home to her family and two dogs, saying, “It’s been a roller coaster for them, probably a little bit more so than for us. “The Crew-10 crew, comprising NASA astronauts Anne McClain and Nichole Ayers, Japanese astronaut Takuya Onishi, and Russian cosmonaut Kirill Peskov, will spend approximately six months on the ISS.
Business
The Rising Tide of Cyber Threats: How to Protect Your Personal Devices and Prevent Financial Loss
In today’s interconnected world, cybercriminals are be-coming increasingly adept at exploiting vulnerabilities in personal devices to extract sensitive information from unsuspecting victims. As hacking attempts grow more sophisticated, experts are sounding the alarm on the importance of adopting robust security measures to safeguard personal devices and prevent devastating financial losses. The alarming rise in cybersecurity breaches has resulted in staggering financial losses, with the International Monetary Fund reporting that losses from cyber incidents have quadrupled since 2017. While the average loss hovers around $0.5 million, severe at-tacks can have catastrophic consequences, costing companies as much as $2.5 billion once every decade.
The sheer scale of these losses reiterates the urgent need for individuals and organizations to prioritize cybersecurity and protect their personal devices from the ever-evolving threats posed by cybercriminals. As the digital landscape continues to shift and vulnerabilities are exploited, it is crucial that we adopt a proactive approach to cybersecurity, rather than simply reacting to threats as they arise. Experts agree that a multi-layered approach to cybersecurity is essential, incorporating robust security measures, regular soft-ware updates, and a healthy dose of skepticism when interacting with online content.
One of the most critical steps in protecting personal devices is to ensure that all software and operating systems are up-to-date. In addition to regular updates, it is essential to adopt robust security measures, such as fire-walls, antivirus software, and encryption. These measures can help to prevent cybercriminals from gaining access to personal de-vices and extracting sensitive information. However, even with robust security measures in place, it is still possible for cybercriminals to exploit vulnerabilities in personal devices. This is why it is crucial to adopt a healthy dose of skepticism when interacting with online content. This includes being cautious when clicking on links or opening attachments from unknown sources, as well as being wary of phishing scams and other types of social engineering attacks.
As the digital landscape continues to evolve and cyber threats become increasingly sophisticated, it is clear that cybersecurity must be a top priority for individuals and organizations alike. By adopting a proactive approach to cybersecurity, incorporating robust security measures, regular software updates, and a healthy dose of skepticism, we can help to prevent devastating financial losses and protect our personal devices from the rising tide of cyber threats.”
Cybersecurity is no longer a luxury, it’s a necessity,” said Beckham Anderson, a leading cybersecurity expert. “As cyber threats continue to evolve, it’s essential that we stay one step ahead by adopting a multi-layered approach to cybersecurity. This includes regular software updates, robust security measures, and a healthy dose of skepticism when interacting with online content. “The rising tide of cyber threats poses a significant risk to individuals and organizations alike. However, by prioritizing cybersecurity and adopting a multi-layered approach to protecting personal devices, we can help to prevent devastating financial losses and safeguard our sensitive information. As the digital landscape continues to evolve, it is crucial that we remain vigilant and proactive in our approach to cybersecurity, ensuring that we are always one step ahead of the cybercriminals.
Nigerian banks’ rush to upgrade their core banking systems has caused confusion and frustration for many customers. With banks upgrading to more secure software, the lack of communication and customer support has left millions unable to access their funds, sparking questions about the bank’s commitment to customer welfare.
Dr. Uju Ogubunka, President of Bank Customers Association of Nigeria (BCAN), emphasized the severe impact of these disruptions, stressing the need for better communication and customer preparedness during such transitions. Banks must strike a balance between technological upgrades and customer service to retain trust, especially in an economy facing devaluation pressures.
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Oando PLC Makes Historic Acquisition Of Nigerian Agip Oil Company, Reshaping Nigeria’s Oil And Gas Landscape
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