British authorities are currently investigating a fire that occurred at the London home of UK Prime Minister Keir Starmer. The incident, which took place in the early hours of May 12, resulted in damage to the entrance of the property located in the Kentish Town neighborhood. The London Fire Brigade reported that the blaze was quickly extinguished, with no injuries reported. Prime Minister Starmer, who resides at the official Downing Street residence, has been renting out the affected property since his election.

The Metropolitan Police have cordoned off the area to conduct their inquiries, emphasizing that the investigation is ongoing. A spokesperson for the Prime Minister expressed gratitude towards the emergency services for their swift response. The cause of the fire remains unclear at this stage, with authorities yet to determine whether it was accidental or deliberate.

This incident has drawn attention to the security measures surrounding the Prime Minister's properties, especially given the high-profile nature of the occupant. The property, valued at approximately £2 million, has been the subject of protests in the past, including a demonstration by pro-Palestinian activists last year.

As the investigation continues, officials have refrained from speculating on the cause of the fire, stating that further details will be released in due course. The Prime Minister's office has assured the public that all necessary steps are being taken to ensure the safety and security of the Prime Minister and his properties.

The ongoing trial involving the Asset Management Corporation of Nigeria (AMCON) and Arik Air has taken a dramatic turn as Muhammed Abbas Jega, a former Executive Director of Credits at AMCON, contradicted his earlier testimony regarding the performance of Arik Air's loan. Initially, Jega had stated that the loan was performing, but during cross-examination, he admitted that the loan had been non-performing since its inception, shedding light on the complexities of the case.

Jega's revelation came during the trial of former AMCON MD/CEO Ahmed Kuru and others, who are facing charges related to the alleged mismanagement of N76 billion and $31.5 million. The case, which has drawn significant attention, highlights the challenges faced by AMCON in managing non-performing loans acquired from Nigerian banks under the Eligible Bank Asset (EBA) programme.

Further complicating the matter, Jega disclosed that despite AMCON's injection of N85 billion to purchase Arik's debt from Union Bank and Bank PHB, and an additional N11 billion extended as working capital, Arik Air failed to meet its financial obligations. This admission raises questions about the due diligence processes at AMCON and the viability of the airline's financial restructuring efforts.

The trial also took an unexpected turn when Jega questioned the authenticity of the Loan Purchase Agreement presented in court, pointing out discrepancies in signatures and document structure. This development adds another layer of intrigue to the case, as it challenges the integrity of the documents underpinning the financial transactions between AMCON and Arik Air. The court's decision on these matters could have far-reaching implications for corporate governance and financial accountability in Nigeria's banking and aviation sectors.