Connect with us

Business

Police Parade 13 Cyber Crime Suspects, Recover N90m Drugs

Published

on

The Lagos State Commissioner of Police, Mr Edgal Imohimi yesterday paraded 13 suspects arrested for cross border and cyber crime and recovered over N90m worth of drugs.
The CP, who was addressing journalists at the command, said the cross border crime suspects, all Beninois specialised in snatching exotic cars in Nigeria and driving it to Benin Republic to sell.
Imohimi, while narrating how a victim’s car was snatched by the gang at gun point, said that the victim had gone to use an Automated Teller Machine (ATM) when his Toyota Prado jeep was taken.
The commissioner said their exploit started on January 21 at Ajose Adeogun, Victoria Island, Lagos when the owner of a Toyota Prado jeep went to use a Zenith Bank ATM.
“After using the ATM, before he could drive off, the three hoodlums that had been stalking him forced him out of the car to the back seat and drove off.
“He was later stripped naked and dropped somewhere at Ikoyi while his car was driven away with mobile phones, a laptop computer and N45,000 cash.
“When the hoodlums got to Ikoyi, they sighted a couple in a Toyota Jeep buying barbecue at Southern Sun area. The hoodlums forcibly took control of the car and drove the victims away.
“The victims’ wife was later dropped at a junction before third mainland bridge the husband was dropped on third mainland bridge.
“After a careful analysis and undercover operations, on February 11, the group was intercepted at mile 2 while on a mission,” he said.
Imohinmi said an AK-47 rifle, 43 rounds of ammunitions, one locally made cut to size double barrel gun, six life cartridges, one licensed plate number and assorted charms were recovered from the hoodlums.
Our corrspondent reports that the suspects were paraded alongside a native doctor who specialised in preparing charms for the suspects.
In another development, six suspects who specialise in stealing mobile phones with intention to generate the user’s bank details and withdraw their money were also paraded by the police.
According to Imohimi, the suspects were arrested following reports on their activities in various parts of the state.
“On Feb. 7, at 6pm, one Mrs Kemi Benson had reported to the police at Egbeda that her sister’s phone was stolen at a birthday party.
“When the victim went for SIM card replacement, as soon as she inserted her Sim into her phone, she received a bank alert of N1.153m transferred from her account to other banks.
“After investigation, gangs who specialise in dispossessing victims of their mobile phone with the use of motorcycle were apprehended.
“The gang is made up of two groups. One specialises in snatching the mobile phone and sell to the other group to generate bank details and BVN to transfer money from the account,” he said.
The commissioner said disclosed that 10 laptops, one Infinix mobile phone and 10 SIM cards were recovered from the hoodlums.
He called on members of the public who had been victims of the cyber fraudsters especially those that had their phones stolen at Iyana-Ipaja, Iba, Festac and Alaba to come to the command.
NAN reports that 183 wraps of drugs suspected to be Marijuana, 129 wraps of substance suspected to be cocaine and bottled hard drugs worth over N90m were recovered at suspected criminals’ hideout at Akala.
The CP disclosed that the command was working on getting a court order to destroy the recovered drugs. (NAN)

Continue Reading

Business

Association Woos Govt, Coys On  Boat Operators  Employments

Published

on

The leadership of Bonny Maritime Boat Association has called on Rivers state Government and oil companies operating in the state to provide sustainable employment to unemployed boat Operators.
The Association also want the government, companies and other relevant employers of labour to provide trainings for boat Operators to enhance their skills
Safety Officer of the Association, Comrade Kingdom Kingsley made this known in  a  telephone interview with  The Tide.
He noted that most of the boat Operators and owners plying Bonny route lacks jobs due to the fleets of boats introduced by Bonny Road Transport that had taken over the passengers to the Island
He noted that passengers are no longer patronizing boats owned by the Association, thereby rendering the operators redundant
“Most of our operators can not afford to feed their families due to no jobs, we don’t want to indulge in crime, government should fix our members with  sustainable jobs to take care of their immediate needs”
He called on oil companies operating in the state to engage their skilled boat Operators in their companies to reduce the sufferings faced by the Association.
The Safety Officer called on the state government  to made funds available to unemployed youths in the state to start up business than roam the streets.
He noted that provision of funds to youths would reduce crime rates and reposition their mindsets for a better life
“The  youths of Rivers state are suffering, have no job to feed their families, thereby indulging in criminality daily”
“The youths need empowerment,  jobs,  recreational facilities and better things of life as citizens of this Nation”, Kingsley said.
CHINEDU WOSU
Continue Reading

Business

FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters

Published

on

The Federal Government has approved a whooping $1bn credit facility to support Nigerian exporters and small scale businesses to take advantage of the African Continental Free Trade Area (AfCFTA) in order to boost production, competitiveness and intra-African trade.
The $1bn AfCFTA Adjustment Fund Credit Facility is also expected to address some of the financing gap being faced by Nigerian exporters and enhance the competitiveness of African businesses within the continental market.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this  during the second quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
According to a statement issued by the ministry’s Head of Press and Public Relations, Obilor-Duru Okechi, Oduwole said the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes and increase exports to African markets.
The statement partly read, “?The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a US$1 billion AfCFTA Adjustment Fund Credit Facility aimed at boosting production, competitiveness, and intra-African trade.”
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles that limited their ability to take advantage of the single African market.
?
“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
She explained that the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
In her welcome address and first-quarter update, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, provided details of the financing initiative.
Okala said the $1bn AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10m.
She revealed that the National AfCFTA Coordination Office was working closely with fund managers to facilitate access for eligible Nigerian companies and had begun assembling a pilot group of businesses to ensure that Nigeria maximised the opportunities provided by the facility.
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

NIWA Harps On  Avoidance Of Leaking Boats

Published

on

The National Inland Waterways Authority (NIWA) has advised Nigerians against boarding boats that require constant bailing of water in the interest of their safety.
 NIWA Area Manager for Cross River and Ebonyi, Mr Stanley Onuoha gave this warning in an interview with Newsmen in Calabar.
Onuoha who spoke on waterway
safety, said that passengers should take responsibility for their safety by inspecting boats before embarking on any journey.
According to him, repeated scooping of water from a boat is a clear indication that the vessel may be leaking.
“If you are entering a boat and see people using a bailer to remove water, it is the first signal that the boat is leaking,” he said.
He urged passengers to check the integrity of boats, including seating arrangements and other visible safety features.
The Manager restated the importance of using safety jackets, saying that damaged jackets may fail during emergencies.
He further said that passengers should ensure that safety jackets were appropriate for their body sizes in order to guarantee effective flotation.
 Onuoha reiterated the need for passengers to fill manifests before departure to aid accountability during emergencies.
The NIWA official further advised travellers to monitor weather conditions and avoid boarding boats when the weather is unfavourable.
According to him, poor weather conditions can trigger strong tidal waves capable of affecting small boats commonly used on inland waterways.
He said that waterway journeys should be embarked upon between 6.00a.m and 6.00p.m for clearer visibility.
Onuoha said  the Authority had continued to sensitise riverine communities to the need for safety precautions during waterway journeys.
He stated that sustained awareness campaigns and enforcement measures had contributed to safety waterway safety in Cross River.
CHINEDU WOSU
Continue Reading

Trending