Check new 2024 NECO results now
The National Examinations Council (NECO) has released the much-anticipated 2024 results. As a candidate, knowing how to check new NECO results 2024 is important to accessing your grades swiftly. The process is simple and can be completed online using a few basic steps. This article provides a clear guide on how to check your results and why some results may not be immediately available. Steps to check new NECO results 2024 See these easy steps to check your NECO 2024 results online: 1. Visit NECO portal: Go to the NECO results portal at https://www.neco.gov.ng. This is the only official platform for accessing your results. 2. Select ‘NECO Results’: Once on the homepage, navigate to the ‘NECO Results’ option. Clicking this will take you to the result-checking section. Click “Check “Results”. Or you can just go straight to the result portal at https://results.neco.gov.ng/. 3. Enter your examination details: You will need to provide your exam year (2024), exam type (June/July or Nov/Dec), and your unique examination number. 4. Input your token: Purchase a result-checking token if you do not already have one. You can buy it directly from the NECO website. Input the token in the appropriate field. Please note that the result-checker token will only allow you to check a candidate’s result once, and for five attempts at most. You cannot use another token to check the same result again. Any further checks of the same result will require you to use the NECO E-Verify Result Verification Portal to verify or confirm such results. So do not recklessly exhaust your token’s access. While the NECO token costs about ₦1500, the e-verify PIN costs almost triple that price. See the price and differences between both NECO access tools. 5. Check new NECO results 2024: After entering all the necessary details, click the ‘Check Results’ button. Your results will be displayed on the screen within a few seconds. Common reasons why some results may not be available Upon release, some candidates may face issues when trying to check new NECO results 2024. Below are a few common reasons: Incomplete Examination Processes:If there were disruptions or irregularities during your exam, such as missing scripts or incomplete registration, your results might be withheld for further investigation. Technical Delays:High traffic on the NECO website during the initial release period can sometimes cause delays in processing or displaying results. Outstanding Fees:If you or your school has any unpaid fees to NECO, your results may not be released until the payments are completed. Malpractice Investigations:If any form of examination malpractice is suspected in your centre or on your script, your results might be held back pending further verification. Final thoughts on how to check new 2024 NECO results now Always ensure you have stable internet access before attempting to check new NECO results 2024 to avoid disruptions. Keep your examination number and token in a secure place as you will need them to access your results. If your results are unavailable, regularly check the NECO portal for updates or contact NECO support for further assistance. By following these steps, you can easily check new NECO results 2024 and access your grades without stress.
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Before buying NECO token or NECO e-verify PIN for 2024 results
The National Examination Council (NECO) provides two key tools for accessing and verifying exam results in 2024: the NECO token and the NECO e-verify PIN. While both serve intertwined purposes, understanding their usage, costs, and limitations is essential for candidates and institutions alike. What is NECO token? The NECO token in 2024 is primarily for candidates to access their NECO exam results online. After NECO results release, candidates are required to purchase a token to check their results. Each token costs approximately ₦1,500 and are valid to access results up to five times. However, after these five attempts, candidates will no longer be able to use the token, or even another new token. As such, you will need to switch to the NECO e-verify PIN for further result access or verification. Key features of NECO token in 2024: Used to check NECO results. Costs around ₦1,500. Can be used to view the result up to five times. After five uses, you will need the NECO e-PIN for further access. Each token is tied to a specific candidate’s result. How to use NECO token in 2024 Visit the NECO result portal at https://result.neco.gov.ng. Enter your examination number and token code. Select the year 2024 and click “Check Result”. View your result, which can be accessed up to five times. What is NECO e-verify PIN? The NECO e-PIN, also known as e-Verify, is an advanced result verification service used to authenticate previously accessed NECO results. This service is crucial for candidates, universities, organisations, and other institutions. It is more comprehensive than the token and costs around ₦6,000. After a candidate uses their token five times, the NECO e-PIN becomes necessary for further result verification or access. Key features of NECO e-verify PIN: Used for verifying previously accessed NECO results. Available to individuals, universities, and organisations. Costs approximately ₦6,000. Necessary after the token has been used five times. A unique PIN is required for each verification process. How to use NECO e-PIN results verification Visit everify.neco.gov.ng and verify the PIN by clicking on “Verify Payment”. Enter the candidate’s registration details and submit the application. Click on “Validate” to confirm the results, which will be sent to your email. Key difference between NECO token and NECO e-PIN results verification Purpose: The NECO token in 2024 is used to access results, while the e-PIN is for verifying previously accessed results. Cost: The NECO token costs about ₦1,500, while the e-PIN is priced at around ₦6,000. Usage Limit: The token allows access to results up to five times; after that, candidates must use the NECO e-PIN for additional result verification. Users: The token is mainly for candidates, while the e-PIN is often used by institutions, universities, and organisations for verification purposes. Both the NECO token and the e-verify PIN serve vital roles in ensuring the accessibility and authenticity of NECO results. By understanding the differences, candidates can efficiently manage their result access and verification needs.
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How to print JAMB 2024 admission letter
The Joint Admissions and Matriculation Board (JAMB) admission letter is essential for Nigerian students seeking admission into tertiary institutions. It serves as proof of your admission status. You should also note that, until your admission status reflects on JAMB CAPS as successful, any school claiming to have given you admission is perpetrating an illegality according to JAMB. The process to print JAMB 2024 admission letter is easy and can be done online. Below is a simple guide to help you through the steps. Requirements to print JAMB 2024 admission letter Before you proceed, ensure you have the following: Your JAMB registration number Your JAMB registered functioning email address Internet-enabled device (smartphone, tablet, or computer) Payment method for the JAMB service fee Step-by-Step guide to print your JAMB admission letter 1. Log into the JAMB portal: Visit the official JAMB website at https://www.jamb.gov.ng. On the homepage, locate the ‘e-Facility’ tab, then click on ‘Print Admission Letter’. 2. Enter your credentials : Log in using your JAMB registration number and the email address linked to your JAMB profile. Ensure the details entered are correct. 3. Make payment: To proceed, you will be required to pay a small fee. Choose your preferred payment option and complete the transaction. 4. Select admission year: After successful payment, select the year of admission, which for this case is 2024. Make sure you select the correct year to avoid issues with your admission process. 5. Print JAMB 2024 admission letter: Once you have selected the correct year, your admission letter will be displayed on the screen. Double-check the details, then proceed to print the document by clicking on the print icon. Ensure you have a working printer connected to your device. Why is it important to Print JAMB 2024 admission letter? Printing your JAMB admission letter is important because: This is the only way your name will appear on JAMB matriculation list. It serves as proof of admission into the institution. You need it for clearance during registration. It is required for scholarships and financial aid applications. Tips for a smooth process Ensure you have a stable internet connection to avoid disruptions. Always cross-check the details on your admission letter before printing. If you face any issues, contact JAMB support via their official channels. By following these steps, you can easily print JAMB 2024 admission letter without any hassle. Be sure to keep multiple copies of your admission letter in case of loss or damage.
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👨🏿🚀TechCabal Daily – Is climate tech living up to the hype?
In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning If you own a company or manage one, here’s a gift for you: 30% off Moonshot tickets if you buy 5 or more for your teams and groups. Our promise to you is that Moonshot 2024 will have valuable content to foster team growth and innovation. Your team members can engage in workshops focused on accelerating startup growth, participate in panel discussions about the global digital economy and building elite teams, and attend additional sessions offering strategic insights to help achieve international development goals. Save a row for your team at Moonshot. Get the discount here. Card operations flaws caused Ecobank Kenya millions Adani’s Kenyan ambitions face backlash Does the climate tech hype match the current market? South Africa expects rate cuts as inflation drops The World Wide Web3 Events Cybercrime Card operations flaws cost Ecobank Kenya millions of dollars Image Source: Kenyan Insights Though banks typically enjoy huge financial returns, fraud can still hit hard. And it is becoming a growing problem for Kenya’s financial ecosystem. According to TransUnion Africa, a credit reporting agency, Kenyan banks lose about $130 million to cybercriminals yearly. While some cases like Equity Bank, the country’s biggest lender, which recently lost $2.1 million to card fraud in April, are usually public spectacle, some other banks silently suffer these losses. Between 2020 and 2022, Ecobank Kenya lost millions of dollars due to flaws in its card operations. An internal report showed that $43.4 million in transactions were wrongly posted, $232,464 lost in chargebacks, and a troubling $2.1 million balance lacked proper documentation. “There was disregard for procedures in the merchant’s operation of acquiring product GLs (general ledgers). Many manual entries posted therein were unprocedural and some erroneous,” the report stated. The bank’s poorly documented procedures allowed these errors to happen. But this wasn’t a case of isolated mistakes; internal control and employee oversight were also guilty. Banks may need to start paying more attention to critical operations in their units, as well as the staff trained to handle them. Given how a loss this big went under the radar for so long, it’ll be interesting to see how Ecobank Kenya’s financials have recovered and what steps the bank has taken to prevent future issues. More importantly, whether a layoff looms. Read Moniepoint’s 2024 Informal Economy Report Did you know that 57.7% of the business owners in Nigeria’s informal economy are under 34 years old? Click here to find out more about the demographics of Nigeria’s informal economy. Companies Adani’s Kenyan ambitions face backlash Adani Group. IMAGE | BLOOMBERG Adani Group’s Kenyan ambitions started as a rumour in July. The country was just coming from a month of anti-government protests, you could still feel a burning sensation on the face from teargas that had been lobbed to disperse angry crowds. And when a whistleblower leaked the details of the secret plan to lease the Jomo Kenyatta International Airport (JKIA), the government was quick. President Ruto termed the reports as “fake news.” Eventually, the details of the 30-year concession deal were made public. However, a question that has been lingering is how the controversial Indian infrastructure company owned by Gautam Adani, India’s second richest man, knew of Kenya’s airport modernisation plan and sent a private-initiated proposal. On Monday, Adani Group told a Kenyan court it became interested in redeveloping the Jomo Kenyatta International Airport (JKIA) following media reports of its deteriorating condition. Look out for Adonijah’s reporting on this development. The $1.85 billion deal has faced intense local opposition, with lobby groups questioning its transparency. The Kenya Human Rights Commission (KHRC) and the Law Society of Kenya (LSK), which filed a case against Adani Group, want the deal stopped. KHRC and LSK argue that the money required for the project can be raised locally without leasing the airport for 30 years. Read more about Adani’s claim here. Issue USD and Euro accounts with Fincra Whether you run an online marketplace, a remittance fintech, a payroll, a freelance platform or a cross-border payment app, Fincra’s multicurrency account API allows you to instantly create accounts in USD and EUR for customers without the stress of setting up a local account. Get started today. Venture Capital Does the climate tech hype match the current market? Image source: TechCabal There’s no doubt that funding from development finance institutions (DFIs) has significantly shaped Africa’s venture capital (VC) landscape. Stuck with limited sources of capital, unlike their global counterparts, African VC firms have turned to DFIs since 2017, when TLcom Capital became the first institutionally backed commercial VC in Africa. That relationship, described as “great” and “beneficial” by two general partners, has played a part in the boom in funding for Africa’s climate tech market. Naturally, if you give someone money, you can advise on where to invest the money or the best way to invest the money. And if you’re an DFI backed by a government that is climate-focused, which is most of the rich ones, you advise African VC firms to invest in climate tech. As a result, climate tech funding in Africa surged, reaching $1.04 billion in 2023 (from $340 million in 2019), making it the second most funded sector after every investor’s darling—fintech. But that’s the only similarity that both share. Unlike fintech, which has become a vibrant ecosystem in Africa and has clear winners like Paystack, Wave and Flutterwave, climate tech is yet to create a market that matches its clout. Venture capitalists love to show their investors above average returns and climate tech has not yet displayed enough returns to warrant the amount of investment that it constantly attracts. At this point, it is only right to point out that creating a market takes time. The aforementioned fintechs did not reach their scale in a short period of time. Rome was not built in a day, but there were always signs that it might become a major city. Climate tech solutions in Africa must
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How to buy 2024 NECO result checker token
The National Examinations Council (NECO) results for 2024 are underway for release. To access these results online, you must first buy NECO result checker token 2024, which grants you access to your results via the NECO portal. In this article, we will walk you through the process of purchasing this token quickly and easily. Where to buy NECO result checker token 2024 You have two primary options to buy NECO result checker token 2024: Official NECO Website: The NECO portal remains the most secure and reliable source for purchasing tokens. Authorised Retailers: Some third-party vendors also sell tokens. Ensure the retailer is officially approved by NECO to avoid being scammed. Steps to buying NECO result checker token 2024 1. Visit the NECO Official website Start by heading over to the official NECO portal at www.neco.gov.ng. The website will guide you to the “NECO Results” section, where you will begin the process of purchasing a token. 2. Create or login to your account You will need to create an account if you haven’t already. If you already have an account, simply log in using your credentials. Keep your login information secure to avoid delays during the process. 3. Select the “Buy Token” option Once logged in, navigate to the “Buy Token” option. This button will allow you to proceed with the purchase. 4. Choose the number of tokens You may choose to buy more than one token if you are managing results for multiple candidates. Each token grants access to one candidate’s result only, so ensure you buy the correct number of tokens. 5. Make payment NECO provides various payment options, including debit card and direct bank transfer. Choose your preferred payment method and complete the transaction. You will receive a confirmation message once the payment is successful. 6. Retrieve your Token After payment, the portal will generate a unique token code. Make sure you copy or save this code as you will need it to check your results. Tips for a Smooth purchase Avoid fake third-party vendors: Purchase directly from NECO to avoid fraudulent tokens. Double-check details: Ensure all information is correct before proceeding with payment. Stay ahead: Don’t wait for the last minute rush; buy your token in advance to avoid website traffic. Final thoughts To access your results smoothly after the NECO 2024 results release, it is crucial to buy NECO result checker token 2024 ahead of time. By following the above steps and being prepared, you can easily purchase the token and access your results without any hassle.
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NECO 2024 results release now set
The National Examinations Council (NECO) has confirmed the release of the 2024 Senior School Certificate Examination (SSCE) internal results. On Thursday, 19th September 2024, the much-anticipated NECO 2024 results release will take place at 12:00 noon. The Registrar and Chief Executive of NECO, Professor Dantani Ibrahim Wushishi, will officially announce the results during an event scheduled at the NECO headquarters. Staff members have been invited to the Conference Hall at 11:45 a.m. to witness the release firsthand. Key details of the Event The following are critical points about the upcoming NECO 2024 results release: Date: Thursday, 19th September 2024 Time: Results will be announced at 12:00 noon Venue: NECO headquarters Conference Hall Attendees: All staff are to assemble at 11:45 a.m. The host of the event will be the Acting Director of Information and Public Relations, Azeez Sani, alongside other top officials of the council. Common reasons students may face difficulty checking NECO 2024 results Candidates are to check NECO’s official website for updates immediately following the announcement. However, when the NECO 2024 results release occurs, some students may encounter obstacles in accessing their results. A few common reasons include: Website traffic overload: High demand may cause the NECO portal to slow down or crash temporarily. Incorrect login details: Inputting wrong registration numbers or exam tokens can block access. Network issues: Poor internet connectivity may hinder successful login attempts. Outstanding fees: Schools or individuals with unpaid fees may face restrictions. Portal maintenance: Unexpected technical updates or maintenance on the NECO website could delay access temporarily. Results withheld: This is a possibility if a school or candidate’s results are looking suspicious and are undergoing investigations for likelihood of malpractices. You may need to wait a while, and if you or your school pass blameless, your results will be available for access. Final thoughts NECO 2024 results As the NECO 2024 results release approaches, students should prepare by ensuring they have all necessary information ready. This includes purchasing the exam checking tokens required to access their results online. You can read how to obtain your tokens from authorised vendors or through the official NECO website.
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Check JAMB 2024 matriculation list and get your name on it
The JAMB matriculation list is important for all Nigerian students going into accredited Nigerian institutions. Only candidates whose names appear on the list are legitimate students. If your name is not on the matriculation list, one major fallback is that your application for the National Youth Service Corps (NYSC) scheme will not go through. It is, therefore, essential to check the JAMB 2024 matriculation list and ensure your name isn’t missing. Follow the guide below to confirm your status and make sure your name appears on the list. Why check the JAMB matriculation list? Verifying your name on the JAMB matriculation list is necessary because: Only students on this list qualify as bonafide students. You will be ineligible for the NYSC scheme if your name is missing from the list. It ensures your admission is fully confirmed and recorded by JAMB. How to check JAMB matriculation list To check JAMB 2024 matriculation list, follow these steps: 1. Visit the JAMB portal: Go to the official JAMB website at the official Matriculation List page. 2. Fetch your matriculation details: Enter your JAMB registration number and choose 2024 as your admission year. This step ensures that the system checks the right data for you. 3. Confirm your status: The system will display whether your name is on the list. If it is, congratulations! If not, follow the steps below to get your name on the list. How to get your name on the JAMB matric list If your name is not on the list, you can rectify the issue by completing the following steps: Check CAPS: On JAMB CAPS, you must have been offered admission by a university and you must have accepted it. And it must reflect that your acceptance was successful. Print your admission letter: Log in to the JAMB e-Facility platform and print your admission letter. This document is essential for verifying your admission. Print your result slip: Also from the e-Facility platform, print your JAMB result slip. This document shows your exam performance and is required for verification. Verify with your institution’s admission officer: Present both your JAMB admission letter and result slip to your institution’s admission officer. They will verify and confirm your admission status. By following these steps, you can ensure that your name appears when you check JAMB 2024 matriculation list. This simple process is vital for your academic journey and future NYSC enrolment.
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Africa’s climate tech sector needs winners to justify recent funding jump
Funding from DFIs has grown Africa’s venture capital industry and now that funding seeks to create a market for climate tech in Africa but there needs to be clear winners soon. A venture capitalist has two jobs: funding companies with the potential for outsized returns and managing relationships with the limited partners (LPs) who provide the funds. In Africa, this relationship with LPs has increasingly leaned towards development finance institutions (DFIs), which are some of the largest sources of capital for VC firms. But this relationship gives DFIs significant sway over the direction of Africa’s VC landscape as firms receive impact metrics from DFIs. The institutions, backed by governments or international bodies, often deploy funds to align with their backers’ goals. As these governments focus on fostering a safer global climate, they have increasingly incentivised funding for climate technology in Africa. This reliance on DFIs is unique to Africa. African VC firms, unlike their global counterparts, have limited access to funding sources like pension and endowment funds, leading them to DFIs, which has fuelled a surge in funding for VC firms. These institutions, like the IFC, which invested in Africa’s largest and second-largest VC fund, control billions of dollars and see VC firms as key custodians of capital that can leverage their local presence to drive innovation, job creation, and economic growth on the continent. “Limited partners will have an opinion and certain recommendations and requirements, but we often have healthy discussions and debates. It is a very collaborative approach,” Kola Aina, the general partner of Ventures Platform, told TechCabal. These recommendations and requirements have helped drive up funding into Africa’s climate tech sector in the past two years, despite a decline in VC funding. In 2023, climate tech became the second most funded sector in Africa, raising $1.04 billion—a 9% increase compared to the previous year. “Part of [the recent growth in funding for climate tech] is driven by some of the priorities of the limited partners,” Aina said. His firm lists France’s Proparco, British International Investment, and the IFC as limited partners. This funding boom does not correlate with the commercial reality of most climate tech solutions on the continent. “It’s a policy driver. I would not look at it like a commercial industry,” the general partner of a $30 million fund who asked not to be named told TechCabal. “It hasn’t really come to the forefront of our commercial business case to do climate tech but there’s an incentive driven by VC funds, which is driven by the DFIs and the DFIs government, that trickles down entrepreneurs who do climate tech.” Despite the rise in funding for climate tech in Africa—from $340 million in 2019 to over $1 billion in 2023—the high upfront cost of most climate products has created a barrier to scale. In the years that funding has flown to the sector, there are still no clear estimates of its total value despite the sector’s broad scope, including sub-sectors like electric vehicles, solar tech, and recycling. While climate tech holds immense potential for Africa, a continent disproportionately affected by climate change, the current solutions have not yet effectively addressed the region’s unique challenges. In contrast, the fintech sector’s funding boom in the early 2020s saw the rise of clear winners like Paystack and Flutterwave, whose success helped shape a thriving ecosystem. Similar transformative breakthroughs besides electric two-wheelers have yet to occur in climate tech, highlighting the gap between the sector’s potential and its current impact. “We are not opposed to the rise in climate tech investment. I do agree that these investments have to be viewed very closely for viability,” Aina said. Funding from DFIs played a crucial role in launching Africa’s telecommunications sector, demonstrating the transformative power of patient capital. However, for this same impact to be mirrored in climate tech, the continent needs startups capable of delivering wide-reaching solutions soon. Without key players emerging to drive significant change, the potential of climate tech may remain untapped. Moonshot by TechCabal is gathering Africa’s most audacious builders and thinkers in Lagos, Nigeria. You can get tickets here.
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Ecobank Kenya lost “millions of dollars” after card flaws exposed it to fraud
Ecobank Kenya lost millions of dollars between 2020 and 2022 after weaknesses in its card operations team exposed the lender to potential fraud by merchants and staff, an internal report seen by TechCabal showed. The report, by a task force appointed in 2023, exposed critical lapses in Ecobank Kenya’s card operations, making it easy for employees and merchants to manipulate transactions and commit fraud. Those lapses went undetected for two years, raising questions about the bank’s oversight and technology. While the report did not disclose the full financial hit, it revealed that $43.4 million (KES5.6 billion) was erroneously posted in the bank’s system, and $162,346 was rejected by payment service providers like Mastercard. It also failed to recover $232,464 in chargebacks. “There was disregard for procedures in the merchant’s operation of acquiring product GLs (general ledger). Many manual entries posted therein were unprocedural and some erroneous,” the report said. “There were no properly documented operating procedures and accounting entries for different card products. This led to the lumping up of different entries for different card products into the merchant acquiring GL.” Control gaps and inadequate training for the teams processing transactions worsened errors that left the bank’s card operations vulnerable. Ecobank Kenya did not immediately respond to a request for comments. The investigation identified a $2.1 million balance without supporting documentation in the bank’s GL, raising concerns over the nature of the funds and whether they were related to fraud. “A residual balance of $2.1 million was left outstanding in GL155000068 unsubstantiated. This balance was a reduction from the initial amount which was approximately $15 million as of July 2022,” the report said. The maker-checker process, an internal control process that prevents unauthorised transactions, was weak. The bank’s chargeback monitoring process was also inadequate, allowing discrepancies and possible losses. The bank’s card operations team failed to upload transaction source documents on multiple occasions. Between July and December 2021, the daily merchant general ledger had a debit of up to $34.8 million (KES4.5 billion) that did not have corresponding credits. Eleven entries amounting to $16.2 million (KES2.1 billion) were duplicated. “Due to this omission, it was impossible to determine the amount payable to merchants, the amount receivable from schemes and the service commission receivable from the merchants on these days,” the task force found, adding that omissions and delays were not detected or flagged. Other transaction files were uploaded months after the funds had been moved, complicating the reconciliation process. For instance, transactions from March to May 2022 with a value of $11.6 million (KES1.5 billion) were uploaded on June 30 and July 1-4 2022. African tech leaders and global players will be at Moonshot by TechCabal. You can get tickets here.
Read MoreAdani Group claims it first learned of Kenya airport project through media reports
Adani Group has told a Kenyan court it became interested in redeveloping the Jomo Kenyatta International Airport (JKIA) following media reports of its deteriorating condition. On September 10, the High Court suspended the government’s plan to lease the country’s main airport for 30 years to Adani Airport Holdings, a subsidiary of the Indian conglomerate. “From 2018 to 2023, the respondent noticed several reports and news articles detailing the deteriorating status of Kenya’s JKIA which, for a long time, had been one of the best airports in Africa,” said Alok Patni, Adani Group head of business development in court documents seen by TechCabal. “The respondent also noticed several news articles in 2019 and 2020 regarding constant protests and demonstrations by JKIA workers lamenting poor working conditions, infrastructure and remuneration.” Patni told the court that the proposal to build a new terminal and taxiways would elevate JKIA’s status in Africa and create job opportunities for Kenyans. Adani Group’s $1.85 billion JKIA expansion plan has faced intense local opposition, with Kenyans questioning its transparency. Groups opposed to the deal have argued that the $1.85 billion required for the project can be raised locally without a 30-year concession to a foreign firm. The Kenya Human Rights Commission (KHRC) and the Law Society of Kenya (LSK), which filed the case against Adani Group, want the deal stopped. The company owned by Gautam Adani, India’s second richest man, maintains the project will be “of tremendous benefit to the Kenyan public” and that it has followed Kenyan laws. The LSK and KHRC said in their filings that the project is “irrational” and does not follow Kenyan laws including the Public-Private Partnerships Act, of 2021, which Adani has refuted. “The Adani proposal is unaffordable, threatens job losses, exposes the public disproportionately to fiscal risk and offers no value for money to the taxpayer,” LSK and KHRC told the court. On September 11, the proposed takeover caused an aviation workers’ strike, which led to major flight delays and cancellations that lasted six hours. The workers claimed that the takeover would lead to layoffs and employment of foreigners.
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