Business
Grandma Nabbed For Cocaine Trafficking
A 56-year-old grand mother has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed Airport, Ikeja Lagos for allegedly inserting 20 wraps of cocaine in her private parts and ingesting 65 wraps.
The suspect, Abiola Khadijat who resides at Musa Adewokun Street, Ojota Lagos was arrested on October 7, at about 9 pm. She was to travel to Atlanta, United States (U.S.) when she tested positive to drug ingestion during screening of passengers on Delta Airline flight.
Abiola, an international trader said she was indebted and decided to smuggle narcotics. “A man I met in a popular eatery introduced me into the drug trade. I attempted suicide several times but I was encouraged. I used to go to London to buy clothes and jewelleries since 2004 but I lost everything.
I have three daughters; the eldest who is 21 is a single parent like me. Now I am old and cannot work anywhere, no help from anywhere and I got frustrated. They said they will pay me when I get to the US,” she said.
Another suspect, Godday Ugweogbu, 31 was also arrested on his way from Brazil on October 8, with 93 wraps of substances that tested positive for cocaine in his stomach.
Ugweogbu who hails from Orlu in Imo State said: “I excreted three wraps in the flight, but for fear of arrest I washed them and swallowed them again. I have financial problem. I was stranded in Brazil. I decided to smuggle the drugs because I was promised N2.5 million”.
He was caught during the screening of passengers on a South Africa Airline flight.
The agency also intercepted 6.350 kilogrammes of cocaine industrially packed inside 26 pairs of garden shears and 60 trowels on October 13,
The consignment with Airway bill number 176-8457 3576 was imported from Brazil on an Emirate cargo flight by Fuitful Investment Nigeria Limited at the cargo section of the Murtala Muhammed International Airport (MMIA) Lagos.
Already, two clearing and forwarding agents, Abdullahi Shaba, 42 and Salau Nurudeen Wale have been arrested in connection with the consignment which was shipped by a Brazilian firm, Absoluta Trading. The value of the seized drugs in Lagos is N80.8 million .
The Chairman/Chief Executive of the NDLEA, Ahmadu Giade attributed the recent successes recorded to good foreign collaboration and commitment to the drug war.
“The discovery was made possible through exchange of intelligence with the United Kingdom under the Operation West Bridge. This certainly signifies end of the road to drug barons because we have similar understanding with other countries. We shall continue to detect and seize their drugs notwithstanding the mode of concealment,” Giade said.
He assured that the case will be thoroughly investigated.
Speaking on the arrest, the Acting NDLEA Airport Commander, Alhaji Idris Bello said the drug was factory concealed in the handles of the garden shears and trowels. “The handles were practically broken before the drug was discovered,” he said. The two clearing and forwarding agents arrested are assisting NDLEA operatives in further investigation,” he said.
The agency vowed to dislodge drug cartels in the country following recent discoveries of narcotics imported through the cargo section of the Lagos airport. All the suspects will soon be charged to court.
Business
Food Vendors, Others Relocate To New Site At PH Airport
The raging controversy between the Port Harcourt International Airport Management and restaurants/canteen operators and theirallies over relocation has been brought under control, as the operators have commenced relocation to their structures at the new site.
Recall that there had been serious feud over a directive by the Manager of the airport, Mr. Michael Area, for food vendors and their allies to relocate to the new site.
They insisted that the new site was too distant and hence, would negatively affect patronage from customers, with possible loss.
They further also insisted that it wouldcost them much money to put up another structure, given the economic situation in the country, since the airport management did not build any structure for them, apart from providing the empty land they have to also pay for.
The situation had led to flexing of muscles, which made the Airport Manager to order for sealing of all shops, resulting in scarcity of food, as airport users could not find a place to eat, apart from the only Genesis fast food spot available.
As at last Friday, The Tide observed that most of the food vendors had transferred their structures to the new place, and had started doing business there already.
Meanwhile, customers have started settling down at the new location as they were seen patronising shops for foods and drinks, in spite of the distance.
Few of the remaining structures at the old site, The Tide further gathered, will also be removed as quickly as possible, and the owners are making efforts to get funds for the job to be done.
One of them, Mrs Aka Love explained that she was going to relocate to the new place before the end of March.
Currently, business activities at the old site have come to null, as the place which was usually a beehive of food, drinks and relaxation, has completely winded down.
By: Corlins Walter
Business
MOWCA Strengthens Maritime Crime Prevention
Secretary General of the Maritime Organisation of West and Central Africa (MOWCA), Dr. Paul Adalikwu, has stepped up interaction with the United States Government to lift restrictions placed on some member countries allegedly implicated in illicit shipping activities.
Adalikwu, who led a delegation from the MOWCA Secretariat to the US Embassy in Abidjan for a first leg of the strategic consultation aimed at promoting seamless participation of MOWCA countries in international trade within the global maritime space, reiterated the organisation’s commitment to the best ethical and lawful maritime practices.
Addressing the U.S Ambassador to Côte d’Ivoire, H.E Mrs Jessica Davis Ba, the MOWCA SG stated the organisation’s interest in promoting the International Ship and Port facility Security (ISPS) code which aims at enhancing security of vessels and their ports of call.
He expressed the commitment of MOWCA in promoting environmentally friendly, safe and cost effective shipping without any encumbrance that may limit the economic potential of member countries.
Dr Adalikwu recalled that at the instance of the U.S. Department of State invitation, MOWCA participated in the 2023 Registry Information Sharing Compact (RISC) Conference in Larnaca, Cyprus, on February 28–March 1, 2023, and a virtual meeting held on June 6 2023, with Mrs Jennifer Chalmers, Officer in change of Counterproliferation Initiative.
He recalled The U.S. DOS willingness to support MOWCA’s effort for preventive maritime security through the establishment of the Center for Information and Communication (CINFOCOM) with the aim to ensure a maritime situational awareness domain within MOWCA’s member states’ waters.
He added that MOWCA under his watch is committed to training and retraining of maritime practitioners and experts to enhance the human capital capabilities of member states.
The CINFOCOM will help prevent transnational crimes committed at sea like sanctions evasion by North Korea and other state actors, who exploit poor enforcement due diligence by ship open registries to circumvent United Nations and U.S. trade restrictions.
By: Nkpemenyie Mcdominic, Lagos
Business
Nigeria’s Public Debt Hits N97.3trn – DMO
The Debt Management Office (DMO) has hinted that Nigeria’s public debt increased by 10.7 per cent from N87.87 trillion in the third quarter of last year, to N97.34 trillion as at December 31, 2023.
DMO, in an update data released last Friday, said the increase in the debt stock was largely due to new domestic borrowing by the Federal Government to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
The office noted that the N97.3 trillion public debt comprises of domestic debt of N59.12 trillion and external debt of N38.22 trillion. The sum of $3.5 billion was used to service external debt during the review period.
“Nigeria’s Public Debt Stock as at December 31, 2023 was N97.34trillion or $108.229 billion. This amount comprises the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 States Governments, and the Federal Capital Territory (FCT).
“There was an increase of N9.43 trillion over the comparative figure for September, 2023, which was largely due to new domestic borrowing by the FGN to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
“At N59.12 trillion, total domestic debt accounted for 61 percent of the total public debt stock, while external debt at N38.22 trillion accounted for the balance of 39 percent.
“Consistent with the debt management strategy, Nigeria’s external debt stock was skewed in favour of loans from multilateral (49.77 percent) and bilateral lenders (14.02 percent) or total of 63.79 percent which are mostly concessional and semi-concessional.
“Whilst the DMO continues to employ best practice in public debt management, the recent and on-going efforts of the fiscal authorities to shore up revenue will support debt sustainability”, DMO stated.
By: Corlins Walter
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