Business
STF Moves To Checkmate Cattle Rustling
Worried by persistent cattle rustling in Plateau, the Special Task Force (STF) on peace in the state has mapped out strategies to end the menace, the Commander, Maj.- Gen. Emmanuel Ayoola, said.
“We have established symbiotic links to network with herdsmen, local vigilance groups, youth teams, community leaders and experts on cow theft matters toward ending this menace once and for all,’’ Ayoola said.
He said in Jos on Sunday that the STF was working toward establishing permanent ranches where adequate security would be provided against rustlers.
“When we do that, rustlers can only steal in the day which is not easy,’’ he explained.
Ayoola said that Fulani leaders had, however, complained that the arrangement might pose some difficulty for them since they did not stay in one place.
He, however, said the arrangement was an option worth exploring to safeguard the animals against thieves.
Ayoola said that the STF had also stationed its personnel in markets to check cattle meant for sale to discourage cow thieves from the activity as there would be no place for them to sell stolen animals.
The commander revealed that cow rustlers were found among herdsmen and their host communities but added that youths in such communities were encouraged to form “civilian STF’’ to fish out criminals among them.
“We have told them to emulate the example of the ‘civilian JTF’ that had been able to restore order to Borno, Yobe and Adamawa by forming groups to fish out members of Boko Haram among them so as to rid the society of such bad elements.
“We think this option is very important because the thieves live among the people and are usually known by the communities. The communities should not cover them.
“We have also told vigilante groups that their duties should go beyond just protecting their people; they should fish out bad elements that could give the communities a bad name and make them vulnerable to attacks by people they (bad eggs) had offended.’’
Ayoola urged the people to take advantage of their knowledge of their areas to help the STF to fish out criminals and promised that the team would collaborate with groups seeking to restore order to the society.
He said that the STF was particularly concerned about cattle rustling because it was a peculiar kind of theft “with heavy security implications’’ as the herdsmen see the cows as their lives.
“For the herdsmen, once you steal a cow, they feel you are killing them and will seek to kill you as well. In fact, they kill two persons for each cow stolen,’’ Ayoola said.
The commander described the situation as very serious as the cattle rustlers were usually “heavily armed’’ during operations and would shoot anyone who ventured to stand in their way.
“We have always recovered at least 75 per cent of cows rustled but our ability to apprehend the thieves is usually affected by the fact that we do not get to hear of the incidents on time.
“Many herdsmen are usually the young elements that hardly call, so by the time they reach their guardians, the thieves would have run several kilometres away. This usually affects our ability to track them down quickly.
“Again, the cow thieves follow unpredictable routes because the known routes are usually blocked by our men and that is why we need to work with the locals because they know the terrain much better,’’ he said.
The commander said STF personnel had often abandoned their vehicles and either trekked or used motorcycles to pursue rustlers.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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