London Protest Highlights Ongoing India-Pakistan Tensions

27-04-2025


In a recent display of escalating tensions between India and Pakistan, a protest outside the Pakistan High Commission in London turned contentious. Indian diaspora groups gathered to denounce the Pahalgam terrorist attack, which they allege was backed by Pakistan. The protest was met with counter-demonstrations, leading to a tense standoff between the two groups.

The situation intensified when a Pakistani diplomatic official was captured on video making a throat-slitting gesture towards the Indian protesters. The official, standing on the balcony of the mission building, also held a poster referencing Indian Air Force pilot Captain Abhinandan Varthaman, further inflaming the situation. This act has drawn widespread condemnation and has raised questions about diplomatic conduct.

Security was tight at the scene, with the Metropolitan Police deploying a significant number of officers to maintain order between the opposing groups. The Indian protesters carried placards calling for an end to terrorism in Kashmir and waved the Indian national flag, while the Pakistani side displayed banners in solidarity with Kashmiris.

The incident underscores the fragile state of India-Pakistan relations, particularly in the wake of the Pahalgam attack. Both nations have a history of strained ties, and events like these only serve to highlight the deep-seated issues that persist. The international community watches closely as these two nuclear-armed neighbors navigate their complex relationship.

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Legal Battle Over Arik Air's N85bn Debt: Ex-AMCON Director Denies Signing Loan Agreements

{'$date': '2025-07-01T20:29:07.725Z'}


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.