Local News
Lagos Begins Turnbull-Parkview Upgrade to Ease Congestion
Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, addressing stakeholders during the engagement on the Turnbull–Parkview junction improvement project in Ikoyi.
The Lagos State Government will commence improvement works at the Turnbull–Parkview intersections along Gerrard Road, Ikoyi, on September 14, 2026, as part of efforts to ease persistent traffic congestion and improve vehicular movement in the area.
The six-month junction improvement project was announced by the Commissioner for Transportation, Oluwaseun Osiyemi, during a stakeholders’ engagement meeting held at Banana Island Estate, Ikoyi.
Osiyemi said the intervention was necessary to address traffic bottlenecks at the two intersections, which serve as connections to major roads and frequently experience congestion and gridlock, particularly during peak periods.
He called on residents, estate associations, utility providers and other stakeholders to cooperate with the Lagos State Ministry of Transportation to ensure the timely completion of the project.
The commissioner assured residents and motorists that measures had been developed to minimise the impact of the construction on traffic and daily activities within the area.
He said a detailed traffic management plan would be implemented throughout the construction period, while construction activities would be carried out mainly during off-peak periods in the morning and evening to reduce disruption to road users.
Osiyemi also said the ministry would work with relevant stakeholders to ensure that critical infrastructure and utilities, including electricity, water and fibre optic cables, were protected during the construction.
He added that concerns and observations raised during the stakeholders’ meeting would be considered before the contractor moves to site.
The commissioner further disclosed that a compensation plan had been put in place for cases where the project’s right-of-way affects or encroaches on private properties.
Providing details of the project, the Director of Transport Engineering in the ministry, Engr. Bolaji Bada, said the Turnbull and Parkview intersections had become major congestion points because of the volume of traffic using the connecting roads.
Bada said the improvement works would address the existing bottlenecks, enhance the efficiency of the intersections and provide a smoother and freer flow of traffic.
The Chairman of Parkview Estate, Mrs. Ronke Shokefun, raised concerns over the persistent traffic situation in the area and urged the government to maintain regular engagement with residents and other stakeholders throughout the project.
The Chairman of Banana Island Estate, Mr. Shonaiki Abidemi, commended the state government for the planned intervention, saying the project would help improve traffic flow in the area.
Abidemi urged residents to support the initiative and cooperate with the government during the construction period.
Stakeholders at the engagement included the project contractor, Infrapoint Concept Limited, represented by Mr. Folorunsho Owolabi; representatives of Julius Berger; officials of the Lagos State Ministry of Transportation; telecommunications companies; Lagos State Parks and Gardens Agency (LASPARK); Lagos State Water Corporation; and other relevant ministries, departments and agencies.
The project is expected to run for six months from its September 14 commencement date.

Airlines
Onyema Hails Fidelity Bank for Repaying $400m Eurobond
Chairman, Air Peace Airlines – Dr. Allen Onyema
The Chairman and Chief Executive Officer of Air Peace, Dr. Allen Onyema, has commended Fidelity Bank Plc for successfully repaying its $400 million Eurobond at maturity, describing the achievement as evidence of the bank’s financial strength and sound management.
Onyema particularly applauded the bank for financing the repayment entirely from its internal liquidity after meeting its obligations throughout the five-year tenure of the Eurobond.
In a congratulatory message issued on behalf of the Board, Management and Staff of Air Peace Limited, the airline chief attributed the achievement to the strategic leadership of Fidelity Bank’s Managing Director and Chief Executive Officer, Dr. Nneka Onyeali-Ikpe.
He noted that the bank’s successful repayment of the Eurobond, alongside its completion of the recapitalisation exercise ahead of the Central Bank of Nigeria’s stipulated deadline, demonstrated its commitment to sound corporate governance and sustainable financial management.
Onyema also highlighted the importance of financially strong banking institutions to the growth of capital-intensive sectors such as aviation, where access to financing is critical for fleet expansion, operational sustainability and industry development.
He stressed that resilient financial institutions and strong partnerships with indigenous businesses were essential to strengthening Nigeria’s economic competitiveness and supporting national development.
The Air Peace chairman congratulated Onyeali-Ikpe, the bank’s Board, Management and staff on the achievement, expressing confidence in the institution’s capacity to record greater milestones.

He also reaffirmed Air Peace’s goodwill towards Fidelity Bank, wishing the financial institution continued growth, stability and greater accomplishments in Nigeria’s banking industry.
Awards
CIBN Confers Honorary Fellowship on FAAN MD, Onabanjo-Kuku
The FAAN Managing Director, Mrs Olubunmi Onabanjo-Kuku, in a group photograph with CIBN officials and other dignitaries at the Institute’s Fellowship Investiture Ceremony in Lagos.
The Chartered Institute of Bankers of Nigeria (CIBN) has conferred its prestigious Honorary Fellowship on the Managing Director/Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Onabanjo-Kuku, in recognition of her contributions to banking, financial services and the aviation industry.
The Fellowship was formally conferred on Saturday, October 31, 2026, at the Institute’s Fellowship Investiture Ceremony held at Harbour Point Events Centre, Victoria Island, Lagos.
With the recognition, Onabanjo-Kuku is entitled to use the professional appellation FCIB after her name, marking her admission into the highest level of membership of the Institute.
CIBN described Fellowship as a recognition of lifetime achievement and professional excellence, noting that the FAAN chief executive had maintained a strong relationship with the Institute through her participation in its activities and contributions to its committees.
The Institute also acknowledged her role as Special Guest of Honour at the 2025 Executive Development Programme (EDP)/Presentation of Practice Licence.
Onabanjo-Kuku’s professional career spans several senior positions in the banking, consulting and aviation sectors, including Assistant Vice President, Finance/Senior Financial Officer at the Bank of Montreal, Canada, and Partner in Business Consulting at Ernst & Young (EY).
She also served as Assistant General Manager/Head of Business Unit Strategy at Bank PHB Plc and Special Assistant to the Minister of Aviation on Strategy and Infrastructure Development.
Beyond Nigeria, she serves as Vice President of Airports Council International (ACI) Africa, where she has contributed to the advancement of airport management and development across the continent.

Her conferment adds to the recognition of her professional experience and leadership across the financial services and aviation industries.
Airspace
ATSSSAN Backs NAMA Push for Higher TSC, Aviation Clearance Revenue
Outgoing Chairman Comrade Wole Dada (left) handing over to Comrade Ekip Ekip Eso, during the inauguration of the branch’s new executive in Lagos
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), NAMA Branch, has pledged to support efforts by the Nigerian Airspace Management Agency (NAMA) to secure improved revenue allocation from the Ticket Sales Charge (TSC) and Aviation Height Clearance to strengthen its operational capacity.
The newly inaugurated executive of the union also pledged to promote industrial harmony, protect workers’ welfare and sustain constructive engagement with management to improve the agency’s performance.
The commitments were made by the new branch chairman, Comrade Ekip Ekip Eso, during the inauguration of the executive at NAMA headquarters annex in Lagos.
In a statement signed by NAMA’s Director of Public Affairs and Consumer Protection, Dr Abdullahi Musa, Eso said the new leadership would pursue responsible unionism, accountability and policies that promote members’ welfare and the development of Nigeria’s aviation industry.
He said adequate and sustainable funding was essential for NAMA to maintain critical air navigation infrastructure, strengthen operational capacity and discharge its statutory responsibility of managing Nigeria’s airspace.
According to him, the union would pursue constructive advocacy and engage relevant government authorities and industry stakeholders, alongside sister unions, to support the agency’s position on improved revenue allocation.
Eso said the new executive recognised the responsibility entrusted to it and would discharge its mandate with dedication, fairness and accountability.
He also commended members and stakeholders who supported the branch during its delegate conference in Jos, particularly the ATSSSAN National President, Comrade John Ogbe, for promoting dialogue and reconciliation that helped restore peace and mutual understanding within the union.
The chairman urged members to sustain the renewed unity in the association, noting that collective progress required mutual respect, cooperation and commitment to common objectives.
On workers’ welfare, he pledged that the executive would prioritise timely payment of entitlements, equitable career advancement, professional training, safe working conditions and sustained engagement with management.
He also called on NAMA management to intensify efforts towards securing the urgent approval and implementation of the agency’s new Conditions of Service, describing the document as important to addressing workers’ welfare and employment-related concerns.

The new executive said it would maintain a cooperative relationship with management while ensuring that the legitimate interests of members remained adequately protected.
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