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Business

Abuja Police Crack Down On Massive Theft Ring, Recover Stolen Goods Worth N1 Billion

Abuja Police Crack Down On Massive Theft Ring, Recover Stolen Goods Worth N1 Billion

Abuja, Nigeria - In a major breakthrough, the Abuja Police Command has arrested a group of suspects linked to the theft of critical infrastructure components, including 115 manhole covers and transformer parts, valued at an astonishing N1 billion. The daring heist, which occurred in various locations across Abuja, left residents and authorities stunned. However, following a meticulous investigation, police operatives tracked down the suspects and recovered the stolen items. The theft of manhole covers and transformer components not only poses a significant risk to public safety but also disrupts essential services, causing inconvenience to residents and businesses. The police have…
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Banking irregularity: Access Bank accused of granting N1b loan without collateral

Banking irregularity: Access Bank accused of granting N1b loan without collateral

More facts have emerged about how Access Bank granted an N1 billion loan to DDSS International Company Limited, using a property belonging to MOB Integrated Services as collateral without the owner's consent. According to details of the loan obtained by investigators, the property, owned by MOB Integrated Services, was first used to guarantee a loan of N193,139,200 to Balmoral International Limited on May 21, 2013. The credit facilities, referenced AOB/BB/VO/AD/031/05/2013, also included an N120 million term loan and an N20 million import duty facility. The term of the loan was 180 days from the date of disbursement at 20 percent…
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Court orders arrest of Access Bank MD, others over alleged property theft, belonging to Obanikoro’s family

Court orders arrest of Access Bank MD, others over alleged property theft, belonging to Obanikoro’s family

A Lagos State High Court judge, Justice Ibironke Harrison, has ordered the arrest of Access Bank's Group Chief Executive, Bolaji Agbede, Managing Director, Roosevelt Ogbonna, and Company Secretary, Robert Imowo, over an allegation of property theft belonging to Obanikoro's son. This is contained in a bench warrant issued by Court No. 18 of the High Court of Lagos State with suit No. LD/24884c/24 with Lagos State Government as Complainant and Bolaji Agree and others as Respondents. The Judge made the order when the defendants, including Balmoral International Limited, DDSS International Company Limited, and Adejare Adegbenro, accused of conspiracy, obtaining by…
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Hon. Ibe Okwara Osonwa Pledges to Rebuild Afia Nkwo Market in One Year; Sympathizes With Affected Shop Owners

Hon. Ibe Okwara Osonwa Pledges to Rebuild Afia Nkwo Market in One Year; Sympathizes With Affected Shop Owners

Hon. Ibe Okwara Osonwa has pledged to rebuild Afia Nkwo Market within one year, as he extends his heartfelt sympathy to the affected shop owners and the entire Elu Ohafia community, following the devastating fire that ravaged the market. I am deeply saddened and heartbroken to learn about the devastating fire that struck Afia Nkwo Market last night. I extend my sincerest condolences to all those who have suffered losses due to this tragic event. As your representative, I understand the profound impact this fire will have on the lives of many, from the loss of livelihoods and cherished possessions…
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Hon. Ibe Okwara Osonwa Concludes Empowerment Program for Arochukwu/Ohafia Farmers and Market Women

Hon. Ibe Okwara Osonwa Concludes Empowerment Program for Arochukwu/Ohafia Farmers and Market Women

The Honorable Member representing Arochukwu/Ohafia Federal Constituency, Hon. Ibe Okwara Osonwa, has successfully concluded another batch of intensive training program for farmers, focusing particularly on women and youth, as part of 5000 women/youth Human Capacity Training,Skill Development and Start Up Grant In Arochukwu /Ohafia Federal Constituency. This empowerment program, organized by Hon. Osonwa, was conducted in collaboration with the Cocoa Research Institute of Nigeria and SJG Ventures Nigeria Limited. Facilitators provided training on essential topics such as food storage, the production and preparation of organic manure, and strategies for becoming successful entrepreneurs. A highlight of the two-day program was a…
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