Niger Delta

Anchor Insurance Declares Dividend To Shareholders

Published

12 years ago

March 10, 2014

Akwa Ibom State-owned
Anchor Insurance Limited has declared a dividend of N2.5k per share for shareholders for the year ended December 31, 2012.
This is an increase of 25 per cent over the dividend paid in the previous year.
Its Chairman, Board of Directors, Mr Senas Ukpanah, made the declaration during the company’s 23rd Annual General Meeting last Thursday in Uyo.
Ukpanah said that the increase in dividend payment was in fulfillment of the promise made earlier by the board to its shareholders.
He said that the board and management would work hard to remain profitable and make the company a rewarding institution to investors.
”I am indeed pleased to inform you that the board of directors is recommending a dividend of N2.5K per share, being an increase of 25 per cent dividend.
“This is an indication that the board kept to the promise made at this gathering last year to improve on the dividend payment,” he said.
The chairman also said that in spite of challenges in the industry, the company recorded growth in some key areas.
He said that gross premium increased by 60 per cent from N1.144 billion in 2011 to N1.825 billion in 2012.
Ukpanah said that the total claims which the company paid amounted to N230.52 million against N164.61 million paid in 2011.
“Total underwriting income stood at N1.15 billion in 2012 against N687 million in 2011, an increase of 68 per cent in the period.
“Investment income increased by 95 per cent from N60 million in 2011 to N117 million in 2012,” Ukpanah said.
He said that inflation averaging 12.24 per cent in 2012 was another major challenge facing the insurance industry in the country.

Akwa Ibom Commissioner for Health, Dr Ememabasi Bassey (left), presenting keys of a tricycle to a focal person of the World Bank malarial control programme, Mr Monday Ikon in Uyo, recently. Photo:NAN

Niger Delta

Edo CP Vows Justice For Slain NSCDC Operatives

Published

1 week ago

September 12, 2025

The Tide

The Commissioner of Police in Edo State, Mr. Monday Agbonika, has vowed to hunt down and bring to justice those behind the killing of eight NSCDC operatives in the State.

Agbonika gave the assurance on Tuesday during an on-the-spot assessment of the attack scene, which also involved the abduction of a Chinese national.

Describing the incident as “a dastardly act that will not go unpunished”, the Commissioner expressed condolences to the Edo State Command of the NSCDC.

He paid tribute to the fallen operatives, describing them as “gallant personnel who paid the ultimate price in the line of duty.”

“We stand in solidarity with the NSCDC in this grief. Their sacrifice will not be in vain, and Edo people should expect justice”, Agbonika said.

In a separate meeting with Chinese community members at BUA Cement, Okpella, the police chief assured that efforts were ongoing to rescue the abducted expatriate alive.

“Our men are on the ground, and operations have been intensified. We are determined to rescue the kidnapped victim and prevent further incidents in the area”, he said.

Agbonika appealed for calm among residents, urging cooperation through timely and credible intelligence to aid ongoing security operations.

“Security is a collective responsibility. We call on residents to support us with information. Together, we will defeat criminals threatening Edo’s peace”, he added.

He reaffirmed the command’s commitment to protecting lives and properties, stressing that it would not relent until the attackers were arrested and justice delivered.

The Tide’s source reports that the Okpella attack occurred on Friday.

Niger Delta

Police Nab Suspected Illicit Drugs Dealer In Delta

Published

1 week ago

September 12, 2025

The Tide

The Police Command in Delta State has arrested a suspected female illicit drugs dealer in Ughelli North Local Government Area of the state.

The command’s Spokesman, SP Bright Edafe, disclosed this in a statement made available to newsmen in Warri on Wednesday.

Edafe said the suspect was nabbed alongside her three apprentices on August 29 by the police operatives attached to the Ughelli Area Command.

He said the operatives carried out the raid following credible information on the activities of some individuals that indulged in the sale of illicit drugs within Afisere/Ughelli town.

“The operatives trailed and arrested a drug baron who operates a chemist store in Afisere Community alongside three of her apprentices.

“The suspect led the operatives to her house at Afisere and a search warrant was executed.

“Exhibits recovered from the suspects included: 355 bottles of CSC codeine, 57 rolls of 50MG tramadol capsules, 335 rolls of 100mg tramadol capsules.

“Others were: 33 rolls of 200mg super royal, seven backwoods, 540 sachets of swinol capsules and 16 cups of Canadian liquid cannabis”, he said.

The police spokesman said investigation further revealed that the suspect was a major dealer in illicit drugs in Ughelli and its environs.

Edafe added that investigation in the matter was ongoing.

Niger Delta

C’River Assembly extends Bekwarra LG Chairman’s Suspension By 3 Months

Published

1 week ago

September 12, 2025

The Tide

The Cross River State House of Assembly has extended the suspension of the Bekwarra Council Chairman, Ms. Theresa Ushie, to 90 days.

Speaker of the Assembly, Mr. Elvert Ayambem, made the remark on Wednesday during plenary.

The Tide’s source recalls that Ushie was suspended on June 10 for three months on allegations of corruption, misconduct and abuse of power.

The suspension followed a petition from the Bekwarra Local Government Legislative Council, signed by eight of its members, who also attempted to impeach her.

Ayambem explained that the extension was to allow the House Committee on Judiciary, Public Service Matters, Public Petitions and Conflict Resolution more time to investigate the petition written against the chairman by the Bekwarra Legislature.

The House had earlier deliberated on a motion calling for the extension of the office of the LGA Acting Chairman, Mr. Egbung Obama, before agreeing to extend Ushie’s suspension.

In his remarks, Chairman of the Investigative Committee and member, representing Abi State Constituency, Mr. Davies Etta, said the committee needed more time to carry out a thorough investigation.

Ushie was elected as Bekwarra Local Government Council Chairman and sworn-in in November 2024.