Crime

Lagos records second suicide in January

Published

7 years ago

January 12, 2019

Editor

Akure socialite reportedly kills wife, commits suicide

An unidentified middle-aged man was in the early hours of Saturday found hanging from a tree on Catholic Mission Road, opposite the Court of Appeal in Lagos Island.

The man, clad in Ankara native attire, was found hanging on a rope which looked like a braided long scarf, tied to a fruit tree

The the episode drew the attention of the crowd, who stood in groups chatting and wondering what could have pushed the man to hang himself.

Policemen at the scene of the incident said they were not allowed to comment on the issue until investigation was carried out.

Some of the people, who had gathered at the scene were busy taking pictures, but no one could identify the man hanging from the tree.

The man was still hanging from the tree as of 9am.

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Rising Tensions Between Regulators and Airlines The financial strain has coincided with renewed friction between the Nigeria Civil Aviation Authority (NCAA) and the Airline Operators of Nigeria (AON), following disputes over the remittance of statutory charges and the delivery of regulatory services. Operators say the situation reflects deeper systemic liquidity stress across the sector, where airlines are increasingly unable to meet overlapping obligations imposed by aviation agencies while maintaining operational stability. A Layered and Fragmented Tax System At the centre of industry complaints is what operators describe as a “multi-layered and excessive” taxation structure involving the NCAA, the Federal Airports Authority of Nigeria (FAAN), and the Nigerian Airspace Management Agency (NAMA). Airlines such as Air Peace, Ibom Air, and United Nigeria Airlines are subject to a range of compulsory charges, including the 5% ticket levy, passenger service charges, value-added tax on tickets and aviation inputs, and other operational deductions collected at different stages of the value chain. Industry players argue that the system creates cash flow distortions because several charges are collected upfront or deducted at source, leaving airlines with reduced working capital for day-to-day operations. Beyond ticket-based deductions, carriers also face landing fees, parking charges, overflight fees, navigation levies, and ground handling costs. Combined with jet fuel, which accounts for a significant share of total operating expenses, analysts say profitability on many domestic routes has been severely constrained. Leasing Constraints and Foreign Exchange Pressure Airlines’ challenges are compounded by difficulties in aircraft acquisition and leasing, which remain essential for fleet expansion in the absence of strong local financing options. Most carriers rely on wet and dry lease arrangements from international lessors. Wet leases, which include aircraft, crew, maintenance, and insurance, allow quick capacity deployment but are costly and typically paid in foreign currency. Regulatory limits also restrict their use to short-term arrangements. Dry leases offer more operational control and long-term stability but are increasingly difficult to secure. International lessors often view Nigeria as a high-risk environment due to concerns over aircraft repossession and currency volatility, resulting in higher insurance premiums, security deposits, and financing costs. 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Lagos records second suicide in January

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Lagos records second suicide in January

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National Daily Newspaper

Lagos records second suicide in January

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