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Community Demands Banks’ Reopening

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Community leaders
in Omu-Aran, Kwara State have called for the re-opening of closed commercial banks in the town, 12 months after they were robbed.
The community leaders made the appeal in an interview with newsmen in Omu-Aran, recently.
They expressed disappointment over the continued closure of the banks in spite of the community’s commitment to ensure adequate security for banking operations in the area.
They lamented that the closure of the banks was impacting negatively on the economy of the community, saying that the community recently donated two Hilux vehicles to security agencies to boost security.
The Tide source recalls that armed robbers had on May 14 raided three banks in the town, killed three persons, and escaped with unspecified amount of money.
Residents in the town now travel to Ilorin, the state capital, about 75 km away, and towns in neighbouring states to transact their banking businesses.
President, Omu-Aran Development Association, Chief Peter Oyinloye, told reporters that the association had done “everything humanly possible’’ to assist security agencies to ensure that the banks resumed normal operations.
“The community had held series of meetings, especially those that border on security, all in the efforts to woo the banks to re-open their doors for banking transactions.
“The community has also gone the extra mile to fortify its local security outfit and facilitated joint patrols of the nooks and crannies of the town by several security outfits, including the army.
“But, regrettably, even with the latest donation of two Hilux vehicles to assist the law enforcement agencies, the banks have refused to open after many promises to that effect,’’ Oyinloye said.
The Akeweje of Omu-Aran, Chief Bisi Adeyemi, also appealed to Bankers Association to urgently intervene to address their plight.
He said that the traditional ruler of Omu-Aran, Oba Charles Ibitoye, viewed the refusal of the banks to reopen as a hindrance to socio-economic development of the area.
“Our markets have been deserted because residents who travel to Ilorin and Otun in Ekiti State for banking transactions prefer buying their items along with them after such transactions,” Adeyemi said.
On his part, the local government council chairman, Alhaji Luqman Owolewa, said his administration had been making efforts to get the banks resume operations.
He promised that the council would continue to liaise with the bank authorities and the state government to ensure that they reopen in the interest of the people of the community.
Reacting to the request, Manager, EcoBank, Omu-Aran branch, Mr Banji Olasehinde, expressed the willingness of the bank to reopen.
He, however, said that the bank needed the presence of at least one other bank before it could begin operation.
“We have done everything possible, including staff mobilisation and renovation of the damaged building; but if at least one other closed bank can be persuaded to come along it would be an advantage,’’ he said.

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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