Business
IGP Orders Manhunt For SAN’s Abductors
Inspector General of Police, Muhammed Abubakar, has ordered the Edo State Commissioner of Police, Foluso Adebanjo, to immediately fish out the suspects, who allegedly kidnapped human rights activist and Senior Advocate of Nigeria, Mike Ozekhome and his driver, last Saturday in Edo State, just as he directed the rescue of the victims unhurt.
Mohammed has also vowed to ensure that the suspects are brought to justice.
Force Public Relations Officers, Frank Mba, told journalists in a telephone interview that the IGP had directed the Edo commissioner of police to commence immediate and vigorous manhunt for the hoodlums “who must be arrested and brought to justice and the kidnapped victims rescued”.
Mba quoted the Inspector General of Police as having said,”we, therefore, once again call on the general public not to relent in their partnership with the police to fish out the criminals as common enemy to our society and report anyone found with the bullet wounds to the nearest police station.”
It would be recalled that four police officers were killed Saturday in Benin-City, the Edo State capital while attempting to foil an abduction bid on human rights activist and lawyer, Chief Mike Ozekhome (SAN).
The officers of the Edo Police Command were killed in their failed attempt to stop the kidnappers from escaping with the human rights activist.
It was learnt that Ozekhome was kidnapped along with his driver while they were travelling along the Benin-Auchi Road.
Narrating the development to newsmen in Benin last Saturday, Edo State Commissioner of Police, Foluso Adebanjo had said: “Operatives of the command led by DPO Ehor Division responded swiftly to a distress call at about 3:30 pm that an unspecified number of armed men had blocked the Benin-Auchi Road by Ehor axis”.
According to him, “but while on their way to the scene, the hoodlums ambushed the police patrol vehicle and opened fire on them.
“At the end of the gun duel, the hoodlums escaped with bullet wounds but not without their victim who was later identified, upon search on his abandoned vehicle, as Chief Mike Ozekhome (SAN) and his driver. Regrettably, the command lost four officers in the encounter”, he said.
There were, however, indications yesterday that the police personally led by the Police Commissioner, Adebanjo, were on the trail of the suspected kidnappers of Ozekhome.
This is the second high profile abduction to have taken place in Edo State in recent times.
In May, unknown gunmen kidnapped the wife and daughter of Supreme Court Justice, Bode Rhodes-Vivour.
The ladies, along with their driver, were intercepted as they were about to enter Benin.
They were later released about three weeks later, presumably on the payment of some ransom to the kidnappers.
Meanwhile, some prominent lawyers in Lagos yesterday condemned the abduction of a human rights lawyer, Mr Mike Ozekhome (SAN), describing the spate of kidnappings across the country as worrisome.
The lawyers, who spoke to newsmen, expressed grave concern about security situation in the country and urged security agencies to intensify their efforts toward apprehending the kidnappers.
Ozekhome was reportedly abducted on August 23 at Ehor near Benin City in Edo State by some unknown persons.
Chairman, Nigerian Bar Association (NBA), Ikeja Branch, Mr Onyekachi Ubani, said the spate of kidnappings in Nigeria was worrisome.
“It is very appalling; both low and high profile individuals are being kidnapped across the country. It shows that there is a problem,” he said.
Also speaking, a human rights activist, Mr Adetokunbo Mumuni, said Ozekhome’s abduction was a reflection of the security situation in the country.
Mumuni, who is the executive director, Socio-Economic Rights and Accountability Project (SERAP), a human rights group, attributed the wave of kidnappings by some unscrupulous elements to poverty and unemployment.
He said: “Until socio-economic injustices are tackled, we may continue to have these security challenges.
“Kidnapping is now rampant because of the limited opportunities available to Nigerians due to poverty and unemployment.”
On his part, another human rights activist, Mr Fred Agbaje, said it was regrettable that Edo had become a hotbed of high profile kidnappings.
Agbaje urged government at all levels to ensure that citizens had access to adequate welfare packages in line with the social contract theory in governance.
Under the social contract theory, it is imperative that lives and properties should be protected, he said.
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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