Ict/Telecom

Police Burst Kidnap Syndicates, Others ….Recover Six Firearms, 30 Ammunitions, Three Vehicles

Published

1 year ago

May 17, 2023

The Rivers State Police Command says its operatives of the C4i Intelligence Unit in the course of investigating a case of kidnapping and armed robbery reported on January 15, 2023, travelled to Kano State and successfully effected the arrest of one Abdullahi Ibrahim.
The command also said in the process, the team recovered a Black 2010 Toyota Matrix with Reg. No. SPR 283 TA, and a Blue 2008 Toyota Camry with Reg. No. ABC 49 AT, both believed to have been snatched or stolen from Port Harcourt.
A statement from the State Police spokesperson, SP Grace Iringe-Koko disclosed that following the arrest, the Police operatives successfully trailed and arrested Ibrahim’s co-conspirators.
They are: Tamuno Kobiye Okari, ‘m,’ aged 23, from Okrika in Rivers State; Vincent Kobani, ‘m,’ aged 20, from Gokana Local Government Area of Rivers State; and Monima George, ‘m,’ age 22, from Buguma in Asari Toru Local Government Area of Rivers State.
Three locally made pistols and two live cartridges were recovered from Vincent Kobani upon his arrest at Victoria Street, Port Harcourt.
The suspects confessed to the crime and described how they forcefully snatched the said Toyota Matrix from one of their victims, and thereafter withdrew the sum of N209,000 using his GT Bank ATM card.
In another development, sequel to an earlier arrest of a suspected kidnapper, who kidnapped his victim and her daughter (names withheld) on Saturday, April 15 2023, operatives of the C4i Intelligence Unit raided an apartment on Plot 34 Lonpry Street, Trans Amadi.
In the process, one AK47 rifle with Breach No. 0637, three magazines loaded with thirty rounds of live ammunition each, two long single-barreled guns, and one live cartridge were recovered.
Similarly, following an earlier arrest of a member of an armed robbery/car snatching syndicate, on Monday, 8th May 2023, Rivers State Police operatives proceeded on investigation activities to Abuja, Nasarawa and Gombe States, where they nabbed five suspects, strongly believed to be responsible for theft of cars in the state, and the sale of same.
They include Shehu Shagari ‘m’, age 33 from Kaduna State, who is a major receiver of stolen vehicles from one Hamisu Babangida, ‘m’, who is based in Port Harcourt, and a direct receiver from one Tamuno Kobiye ‘m,’ aka Okorobo, a suspected armed robber who is a native of Okrika, who has been convicted and imprisoned severally on similar offences.
There is also Ibrahim Abubakar, ‘m,’ age 37, of Kala LGA in Bornu State, who confessed that he bought one Prado Jeep from Shehu Shagari at the rate of N5m and re-sold the same to one Alhaji Abdullahi, ‘m’ a Cameroonian.
The same operation led to the arrest of one Nuhu Ahmed ‘M,’ age 30, and Abdullahi ‘m,’ age 30, both from Yola South LGA of Adamawa State.
Exhibits recovered include a cash sum of Two Million Naira, which was sent for the purchase of stolen Toyota Corolla; one Acura Jeep with Reg. No. PBT 10 JP, registered in the name of Mrs. Rebecca Mioko, a resident of Rivers State.
The statement added that all the suspects will be charged to court at the conclusion of investigations.
Meanwhile, residents of the state have been called upon to remain supportive, law-abiding, vigilant and promptly report acts of crime and criminality to the nearest police station.
They can also call the Command’s emergency hotlines on 08032003514 and 08098880134.

By: Akujobi Amadi

Ict/Telecom

Technology, Others Responsible For Nigeria’s Bonga Oil Operations

Published

5 days ago

May 15, 2024

The Tide

The Managing Director, Shell Nigeria Exploration and Company Limited (SNEPCo), Elohor Aiboni, said Bonga, Nigeria’s first deep-water asset, has recorded major milestones, due to effective leadership, cutting-edge technology, continuous improvement and collaboration with stakeholders.
She noted that since coming on stream in November 2005, Bonga has maintained a track record of production that saw it achieve one-billion-barrel export on February 13, last year.
In her presentation, titled “The Bonga Journey to a Billion Barrels”, at the ongoing 2024 Offshore Technology Conference in Houston, Texas, United States, Aiboni, said: “SNEPCo is grateful for the contributions of all the parties to the Bonga story and we can all be proud of the milestones.
“Bonga has been consistent. In 2014, nine years after coming onstream, it achieved half a billion barrels of crude and doubled it in 2023. We have worked relentlessly to ensure excellent asset management, project and wells delivery and deployment of technology and innovations in our operations”.
According to her, these factors, “coupled with the supportive partnership of the Nigerian National Petroleum Company Limited and our co-venturers – TotalEnergies, EP Nigeria Limited; Nigerian Agip Exploration; and Esso Exploration and Production Nigeria Limited, make Bonga stand out as a world-class investment case”.
She continued that, “SNEPCo also enjoyed the support of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Content Development and Monitoring Board (NCDMB) in the success of Bonga operations”.
Aiboni also listed the challenges of keeping the Bonga Floating Production, Storage and Offloading vessel full as the asset ages and dealing with unexpected developments with subsea wells and equipment.
She said: “SNEPCo responded with a campaign of operational excellence, which among other initiatives, led to the creation of a programme known as the Bonga Business Improvement Plan that continually reviews and identifies improvement initiatives and drives sustainability in operations and upskilling of staff.
“The Bonga success story has been led by Nigerians who have been managing directors of SNEPCo since it was established in 1993, in a deliberate policy by Shell to develop indigenous manpower for deep-water operations in Nigeria.
“Today, some 97percent of the SNEPCo workforce is Nigerian and overall, Bonga has helped to create a new generation of Nigerian deep-water professionals.
“Our vision at SNEPCo remains to be the best deep-water business, powering growth and achieving net zero emissions in line with Shell’s Powering Progress strategy”.

Ict/Telecom

Banks Cut Borrowing From CBN By 44%

Published

5 days ago

May 15, 2024

The Tide

Banks’ borrowings from the Central Bank of Nigeria (CBN) fell month-on-month, (MoM) by 44 percent to N12.16 trillion in April from N21.7 trillion in March.
Analysis of latest data from the CBN shows that the 44percent drop represents the first MoM decline in banks borrowing from since January when it increased by 268.7 percent to N3.6 trillion from N976.29 billion in December 2023.
However, further analysis showed that banks’ deposits in the CBN SDF grew MoM by 118.4 percent to N428.97 billion in April from N196.37 billion in March 2024.
Banks make use of the SLF to access liquidity to run their day-to-day business operations while the Standing Deposit Facility window (SDF) on the other hand, is an overnight deposit facility that allows banks to lodge excess liquidity (money) with the CBN and earn interest.
The decline in banks’ borrowing from SLF may reflect an increase in banking system liquidity and also the decision of the apex bank last year to remove the limit on the remunerable daily placements by banks at the SDF.
According to the CBN Governor, Mr. Olayemi Cardoso, the CBN removed the cap on the remunerable SDF to increase activity in the SDF window and manage liquidity.

Ict/Telecom

Expert Highlights Technology Impact On Fintech Industry Growth

Published

5 days ago

May 15, 2024

The Tide

A Financial technology expert, Olatunji Akinrinola, has highlighted the exponential growth of the FinTech industry, which according to him, was driven by technological advancements.
Akinrinola made this assertion in a press release recently, where he stressed that the role of technology in driving this exponential growth in the FinTech sector was very outstanding.
According to him, Technology has revolutionised the way financial services are delivered, making them more accessible, efficient, and inclusive.
“Through innovations such as mobile banking, digital payments, and blockchain technology, FinTech companies have been able to reach a larger population and provided them with access to financial services”, he stated.
Akinrinola emphasised the role of technology in enabling financial inclusion, adding: “Technology has democratised access to financial services, particularly in regions with limited banking infrastructure.
“Mobile money platforms and digital wallets have empowered individuals to conduct financial transactions conveniently and securely, without the need for traditional banking services”.
He also underscored the role of Artificial Intelligence (AI) and data analytics in driving innovation within the FinTech industry, noting: “AI-powered algorithms and predictive analytics have revolutionised risk assessment, fraud detection, and customer personalisation in financial services.
“These technologies enable FinTech companies to provide tailored solutions and mitigate risks more effectively, ultimately enhancing the overall customer experience”.
Akinrinola stressed the importance of regulatory frameworks in fostering the growth of the FinTech industry.
“While technology has accelerated the growth of FinTech, it is essential to establish robust regulatory frameworks to ensure consumer protection and maintain market stability. Regulators play a crucial role in balancing innovation with risk management, thereby creating a conducive environment for the sustainable growth of the FinTech sector”, he stated.
Akinrinola underscored the role of technology in driving the exponential growth of the FinTech industry, saying, “Technology has been a game-changer for the FinTech sector, enabling innovation, expanding access to financial services, and driving economic growth.
“As technology continues to evolve, the FinTech industry will undoubtedly play a significant role in shaping the future of financial services ecosystem”.

Corlins Walter