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Fire guts goods worth over N35 million in Aba

A late evening fire outbreak on Thursday gutted a three-storey building at No 74 Jubille Road, Aba, Abia, destroying goods worth more than N35 million. The fire also gutted a makeshift warehouse at the back of the three-storey building with Motorcycle spare parts and also burnt the contents of rooms on three floors at the back of the main building. Newsmen visited the scene of the incident and reports that the three-storey building, other adjoining blocks with their wares were not spared by the inferno. Mr Donatus Ezenwaka, a victim and Motorcycle Spare Parts dealer at the building told newsmen on Friday that he was called back at about 11 pm to his shop by a neighbour because the building was on fire. “I came and it was as told me and there was a crowd around here. “They said the fire beg...

Ebonyi governor vows to prosecute officials linked to communal crisis

Governor David Umahi of Ebonyi State has vowed to arrest and prosecute people, including government officials, linked to the communal crisis involving Effium and Ezza Effium indigenes of Ohaukwu Local Government Area of the state. Over 60 people have been arrested, according to newsmen. The police have confirmed that eight people died, while several houses have been razed in the crisis caused by a leadership dispute at a local motor park, newsmen reported. Even government officials involved in the carnage would not be spared, Mr Umahi said on Monday during a tour of the affected community. “All political appointments and developmental projects being executed in the crisis area should be suspended until permanent peace returns to the area,” the governor said, adding that a judicial panel of...

Nigerian government seizes bank’s assets over Shell’s N183 billion debt

File Photo Nigerian government have moved to sequester the assets of the country’s premier lender First Bank of Nigeria Limited in an effort to recover the damages oil major Royal Dutch Shell owed the Ejama Ebubu community of Rivers State in a legal contest spanning many decades, Bloomberg reported Thursday. Police operatives and court officials arrived the bank’s main branch in Port Harcourt on Tuesday to execute an order to seize the lender’s asset, FirstBank said in a statement. The bank said the incident leading to the confiscation of its properties was “unjustified, illegal and a reckless misuse of the machinery of justice.” Lagos-headquartered FirstBank resolved to guarantee the damages awarded against Shell by a Rivers State high court judge a decade ago. According to the estimation...

Presidency: Boko Haram weaker now than in 2015

As the country marks the 2021 Armed Forces Remembrance Day, Friday, the Presidency has declared that the activities of Boko Haram insurgents have been weakened compared to what obtained in 2015. This is even as it said that more than 2,403 criminals, including terrorists, bandits, kidnappers and criminals of other sorts, were reportedly eliminated by the Nigerian Armed Forces, in coordinated operations across the country between March 18 and December 30, 2020. The event is billed to hold in the early hours of the day at the National Arcade, opposite Eagles Square, Three Arms Zone, Abuja. The Special Adviser to the President on Media and Publicity, Femi Adesina, in a statement titled “Security checklist, as Nigeria marks Armed Forces Remembrance Day, by Presidency” flaunted the Buhari admin...

Ex-President Obasanjo: Bolu Akin-Olugbade was passionate about Nigeria’s unity

Former President, Chief Olusegun Obasanjo, on Thursday, described the late billionaire businessman, Bolu Akin-Olugbade, as passionate in his defence of Nigerian unity and was devoted to his roots. Akin-Olugbade was reported to have died of COVID-19-related complications, as a passionate Nigerian. Obasanjo said this in a condolence letter addressed to his wife, Chief (Mrs.) Oladunni Akin-Olugbade. Obasanjo remarked that Bolu would be greatly missed by his community, Local Government Area, State, and the nation in general, saying that all Owu people have lost a great son. The former President is the Balogun (Prime Minister) of Owu, where the late billionaire hails from. Obasanjo in the letter issued by his Special Assistant on Media, Kehinde Akinyemi, said in spite of his privileged backgrou...

Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure

Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under discussion and subject to change, the people said. Ant declined to comment. The operations that Ant is looking to fold into the holding company include wealth managemen...

House of Reps member petitions army over ‘unlawful dismissal’ of soldiers from Ebonyi

The member representing Ezza South/Ikwo Federal Constituency in the House of Representatives, Hon. Chinedu Ogah, has petitioned the Nigerian Army over the ‘unjust’ dismissal of soldiers from Ebonyi state . Ogah said that the soldiers were sacked unjustly from the military and that a petition has been submitted against their dismissal , expressing confidence that they would be reinstated very soon. The federal Lawmaker disclosed this while addressing thousands of members of his constituency who paid him Christmas visit at his Amagu country home, Ikwo in Ikwo local government area of Ebonyi state Ogah however, used the occasion to intimate them on his activities for the one year he has been in office as their representative in the National Assembly, saying that he had submitted petition agai...

#EndSARS: Police arrest 67 for looting armoury, recover 6 rifles

The Lagos State Police Command has arrested 67 persons for allegedly looting and burning Police Stations during the #EndSARS protest in the state. The police said six AK 47 rifles, and several ammunition which were carted away from Police armouries of Ebut-Ero and Ilemba Hausa police stations were also recovered from the suspects. Also recovered from some of the suspects were electronics and exortic cars hijacked from owners during the protest. The suspects were among 103 persons arrested for various criminal acts in the last one month. Commissioner of Police, Lagos State Police Command , Mr Hakeem Odumosu, who paraded the suspects, said , many crimes were busted and many suspects arrested. He said the Command had put in place more strategies which are in tune with modern and international...