Business
Man Arrested For Burning A Vehicle
A 50-year-old tricycle operator, who allegedly mobilised motorcyclists to set a taxi cap on fire on Nov. 1, on Old Kutunku Road, Gwagwalada, FCT, has been arrested by the police.
Mr Charles Mozie, Gwagwalada Divisional Police Office, confirmed the arrest in an interview with our correspondent.
The DPO said that the burnt taxi, with plate number SA 729 GKB belonged to one Mr Komolafe Oluwaseun, a resident of Giri in Gwagwalada.
Mozie debunked the rumour, that Oluwaseun kidnapped three children for rituals.
He said that the burning of the taxi, resulted from a misunderstanding between the tricycle operator and the taxi driver at a narrow spot on the road that is under construction.
“Oluwaseun, his brother, the brother’s wife and their two children were returning from the church and discovered a Keke Napep abandoned on the narrow road.’’
Mozie said that since the owner of the tricycle was not around, Oluwaseun and the relations decided to move the Keke Napep away from the road to enable him and others continue their journey.
“The Napep operator, having seen his tricycle removed, showed up and claimed his handset and the money he realised for the day were stolen by the taxi driver.’’
The DPO alleged that tricycle operator mobilised some motorcyclists to chase Oluwaseun, adding that they caught him and inflicted injuries on him and also burnt his car.
Oluwaseun, who spoke in a telephone interview with our correspondent, said he was receiving treatment at the Gwagwalada Specialist Hospital.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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