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How Benin runway incident exposed fresh safety gaps, triggered recommendations — NSIB

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The Nigerian Safety Investigation Bureau (NSIB) has identified safety concerns around the runway-end environment, control tower line of sight and availability of meteorological information following the runway overrun involving an Enugu Air aircraft at the Benin Airport in Edo State.

The bureau has consequently issued four immediate safety recommendations to the Nigerian Civil Aviation Authority (NCAA), the Federal Airports Authority of Nigeria (FAAN) and the Nigerian Meteorological Agency (NiMet) as part of its ongoing investigation into the 23 July incident.

The recommendations, numbered A-2026-039 to A-2026-042, were contained in the preliminary report disclosed by the NSIB in a statement issued on Friday by its Director of Public Affairs and Family Assistance, Funke Arowojobe.

The report concerns an Embraer ERJ 170-100LR aircraft, registration number 5N-ENR, operated by Enugu Air Limited on scheduled passenger flight ENU4264 from the Murtala Muhammed International Airport, Lagos, to the Oba Akenzua II Airport, Benin.

The aircraft had 63 passengers and five crew members on board when it landed on Runway 05 at about 2:55 p.m. It subsequently continued beyond the runway end into an unpaved area, where it struck approach-lighting installations and two fixed concrete structures associated with a decommissioned localiser installation.

All 68 occupants were evacuated safely using the aircraft’s emergency escape slides, with no injuries reported.

The latest findings provide the first detailed account from the accident investigation since the occurrence temporarily led to tbe shutdown of the Benin Airport runway and disrupted scheduled flights.

What happened before the overrun

According to the preliminary report, the aircraft departed Lagos at about 2:19 p.m. for Benin and completed its take-off, climb, cruise and descent phases normally.

The crew was initially cleared to conduct an Instrument Landing System (ILS) approach to Runway 23 but later requested and received approval for an RNAV approach to Runway 05.

During the approach, the crew raised concerns about rain around the airport. The control tower subsequently advised that the approach path to Runway 23 appeared to have better conditions.

The crew, however, continued with the RNAV approach to Runway 05.

At about 2:48 p.m., the tower informed the crew that visibility was approximately 1,500 metres in moderate rain. The aircraft was subsequently cleared to land on Runway 05, with the crew also cautioned that the runway surface was wet.

The NSIB’s preliminary report does not, however, establish that any of these factors individually caused the runway overrun. The bureau said its investigation remains ongoing and that further technical examination and analysis are required.

The report was compiled from information obtained through several sources, including witness statements, flight recorder data, air traffic control communications and preliminary inspection of the aircraft.

NSIB flags airport safety issues

The four recommendations issued by the bureau focus on the conditions and systems surrounding the runway rather than assigning responsibility for the occurrence.

The NSIB identified the runway-end environment, the control tower’s line of sight and the availability of meteorological information as areas requiring attention by the relevant aviation agencies.

The recommendations are intended to address safety issues identified during the investigation and reduce the possibility of similar occurrences.

The bureau also released a preliminary recreation of the aircraft’s flight path based on information available at the current stage of the investigation.

It said the video was part of its effort to improve transparency and communicate relevant safety information to the public while the investigation continues.

The NSIB cautioned against treating the preliminary findings as a final determination, stressing that the information remains subject to further review and could change as investigators obtain and analyse additional evidence.

The final report, according to the bureau, will contain its conclusions and any further safety recommendations arising from the completed investigation.

The incident had consequences beyond the aircraft and its occupants.

Following the occurrence, FAAN temporarily closed the Benin Airport runway to facilitate the recovery of the aircraft and allow authorities to conduct safety assessments.

The closure disrupted scheduled flights, forcing airlines operating to and from Benin to cancel or adjust their services.

PREMIUM TIMES reported that the runway reopened after 12 days, with ValueJet announcing that its flights to and from Benin would resume from 5 August, confirmed by FAAN.

The reopening restored the runway to operational use, but did not signify the conclusion of the NSIB investigation.

In aviation, an airport can resume operations after safety assessments while a separate accident or occurrence investigation continues. The operational reopening is aimed at establishing that the facility is safe for use, while the investigation seeks to determine what happened and identify measures that could prevent a recurrence.

NSIB says investigation is not about blame

The bureau said the preliminary report should not be interpreted as an attempt to establish liability against the airline, flight crew, airport authorities or any other party.

It said the investigation is being conducted in accordance with Annex 13 to the Convention on International Civil Aviation, whose primary objective is the prevention of future accidents and incidents.

The NSIB therefore urged the public and other stakeholders to avoid drawing conclusions about the cause of the occurrence before the investigation is completed.

The bureau said further technical work would be undertaken before its final conclusions are reached.

For Benin Airport, the recommendations come 16 days after the reopening of the runway following nearly two weeks of disruption. They also provide aviation authorities with specific areas to examine as they work to strengthen safety around the airport.

While no passenger or crew member was injured in the Enugu Air occurrence, the NSIB’s preliminary findings show that the incident exposed issues beyond the aircraft itself, particularly around the conditions, visibility and information available during the approach and at the end of the runway.

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Business

Coronation Insurance Seeks SEC Approval for Proposed Share Acquisition Scheme

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BY NKECHI NAECHE-ESEZOBOR—Coronation Insurance Plc has resubmitted its application to the Securities and Exchange Commission (SEC) for formal approval of a proposed scheme of arrangement that would allow its core shareholders to acquire the shares held by other shareholders in the company.

According to the notice to Nigeria Exchange  Limited, shareholders and the investing public, the company said it submitted the application on October 16, 2026, following the resolution of outstanding matters that had previously prevented the SEC from reviewing the proposal.

The proposed scheme follows a court-ordered meeting held on December 22, 2023, where shareholders considered and approved the arrangement between the company and holders of its fully paid ordinary shares.

The proposal was initiated by Coronation Capital (Mauritius) Limited and its related parties, collectively referred to as the core shareholders, to acquire the shares of other shareholders in Coronation Insurance.

The company applied to the SEC for formal approval on December 27, 2023. However, the commission was unable to proceed with its review because of certain pending matters.

According to the notification, those matters have now been resolved. Coronation Insurance subsequently wrote to the SEC on September 22, 2026, informing the commission of the development and requesting formal approval of the scheme.

The SEC acknowledged the conclusion of the outstanding matters in an email dated October 7, 2026, and requested that the company submit a formal application accompanied by all required documents. Coronation Insurance said it complied with the request on October 16, 2026.

The company also disclosed that it had informed the core shareholders of the developments, adding that they had confirmed their continued interest in proceeding with the scheme, provided its implementation complies with applicable laws, regulations, market rules and precedents.

Under the proposed arrangement, the consideration payable for the shares will be based on the highest trading price recorded for the company shares on NGX during the six months preceding the date of the notification.

The company stated that the consideration price remains subject to the receipt of all required regulatory approvals.

The notice added that the company said several steps remain before the scheme can be completed.

These include obtaining the SEC’s formal approval, securing an order from the Federal High Court sanctioning the scheme, and filing a certified true copy of the court order with the Corporate Affairs Commission.

The company will also be required to pay the scheme consideration to minority shareholders, apply to the NGX for the delisting of its shares and complete the delisting process.

Completion of the scheme remains subject to SEC approval, the sanction of the Federal High Court and the filing of the certified true copy of the court order with the Corporate Affairs Commission.

The company said it would continue to update shareholders and the investing public on further developments.

It also advised shareholders and investors to exercise caution when dealing in its shares until further announcements are made.

The post Coronation Insurance Seeks SEC Approval for Proposed Share Acquisition Scheme appeared first on Business Today NG.

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‘I have a duty to serve Nigeria, and I will’ — Adesina tells Tinubu

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Former President of the African Development Bank (AfDB), Akinwumi Adesina, has declared his readiness to serve Nigeria in any capacity, saying he has a duty and responsibility to contribute to the country’s development.

Mr Adesina made the declaration on Tuesday after meeting President Bola Tinubu at the Presidential Villa in Abuja, where he briefed the president on his 10-year tenure at the continental development finance institution.

“I’m fully able to help Nigeria in any capacity. I’ve always had that. You know, my heart is always at home,” he told journalists after the meeting.

Asked what role he could play, Mr Adesina said he would help in any capacity the president considered appropriate, but stressed he was not seeking a government appointment.

“I’m not looking for a job. I’m not looking for anything. I’m just here to help. It’s my country. I have a duty, an obligation, and a responsibility to do so, and I will,” he said.

There was no announcement of a specific role or appointment for the former AfDB president following the meeting.

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Adesina’s record in agriculture and development finance

Mr Adesina, an agricultural economist, served as Nigeria’s minister of agriculture and rural development from 2011 to 2015 under former President Goodluck Jonathan before becoming the first Nigerian to lead the AfDB.

He was elected president of the bank in May 2015 and re-elected for a second five-year term in August 2020. His tenure ended in 2025.

As agriculture minister, he championed reforms to the distribution of subsidised farm inputs, including an electronic-wallet system that let farmers receive support for seeds and fertiliser via mobile phones.

The AfDB said the programme reached 15 million farmers within its first four years. The initiative was intended to improve access to agricultural inputs while reducing the role of intermediaries in their distribution.

At the AfDB, Mr Adesina oversaw the institution’s development agenda, which included expanding electricity access, improving food security, industrialising African economies, promoting regional integration and improving living standards.

During his leadership, the bank’s general capital increased from $93 billion to $208 billion in 2019, following a decision by its shareholders, the largest capital increase in the institution’s history at the time.

AfDB provided $7 billion to Nigeria in 10 years

At the meeting, Mr Adesina said the AfDB provided about $7 billion in financing to Nigeria between 2015 and 2025.

He compared this with the $11.1 billion in cumulative financing the bank had provided to Nigeria since it began operations in the country in 1971.

“Within 10 years, we were able to do 63 per cent, literally, of that,” he said, adding that President Tinubu was pleased with the bank’s support to Nigeria during his tenure.

Mr Adesina said he used the meeting to commend the president for his economic reforms, particularly the removal of the petrol subsidy and the harmonisation of the foreign exchange windows.

He described the measures as difficult but said they were beginning to produce results.

He cited increased foreign exchange availability, the return of portfolio investors and a downward trend in inflation as signs of progress. However, he acknowledged that prices remained high for Nigerians.

He also pointed to improved assessments of Nigeria by some international rating agencies, saying the country’s outlook had shifted towards stable or positive assessments.

The comments come amid ongoing debate over the impact of the Tinubu administration’s economic reforms, including higher fuel costs after the removal of the petrol subsidy and changes to the foreign exchange market.

Although the government has defended the measures as necessary to stabilise the economy, the higher cost of living has continued to put pressure on households and businesses.

From economic stabilisation to growth

Mr Adesina said stabilising the economy was only the beginning, arguing that Nigeria must now focus on structural transformation, economic growth and prosperity.

He said President Tinubu recognised the need to move beyond macroeconomic reforms and address the broader challenge of transforming the economy.

“I told the president, I’m back at home, here to help and ready to help. It’s my country. I love my country, and I’m ready to help,” he said.

His offer comes after a decade leading one of Africa’s major development finance institutions, a period during which the bank financed projects and programmes across sectors including agriculture, energy, transport and infrastructure.

READ AlSO: ‘I will forever miss you’ – Toluwanisings’ wife breaks down in tears at night of tributes

Mr Adesina’s meeting with the president also gave him an opportunity to formally brief the president on the completion of his two terms and the achievements recorded during his leadership of the bank.

He said he was honoured to have been received by the president and was pleased with the report he presented.

While Mr Adesina did not specify how he might contribute to Nigeria’s development, he said he was prepared to do so whenever the president believed his experience could be useful.

“It’s my country. I have a duty, an obligation, and a responsibility to do so, and I will,” he said.


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