All Posts in "Month: October 2024"

Creation Of Robust Business Environment Panacea To Nigeria’s Economic Diversification-NESG

       Mohammed Shosanya
The Nigerian Economic Summit Group(NESG),has emphasized the need for creation of dynamic business environment, saying it is crucial for Nigeria’s economic diversification and resilience.
Ms.Ayanyinka Ayanlowo,Acting Head, Strategic Communication & Advocacy,
NESG,said this in a statement on Monday.
She explained that by reducing bureaucratic barriers, improving access to finance, and enhancing infrastructure, Nigeria and Africa can create a fertile ground for businesses to thrive.
The group noted that this approach will not only stimulate job creation and wealth generation but also attract foreign investments, boosting the continent’s global economic standing.
“Empowering businesses with the right tools and support will enable them to adapt to changing markets, drive technological advancements, and contribute significantly to inclusive economic development,” Ayanlowo said.
The group explained that unleasing business dynamism would form a key focus at the forthcoming 30th Nigerian Economic Summit (NES #30), adding that it stands out as a critical area of discussion during the Summit.
“As Nigeria gears up for the 30th Nigerian Economic Summit (NES #30), the focus on unleashing business dynamism, a sub-theme of NES#30 stands out as a critical area of discussion.
“This milestone event aims to create a more vibrant and resilient economic landscape by fostering innovation, entrepreneurship, and competition.
“By reducing bureaucratic barriers, improving access to finance, and enhancing infrastructure, Nigeria can provide a fertile ground for businesses to thrive, stimulating job creation and attracting foreign investments,” the statement explained.
It further said that the Summit slated for October 14th—16th at the Transcorp Hilton, Abuja,would engage stakeholders in critical discourse “to address current socio-economic challenges to ensure stability; explore strategies to improve economic competitiveness; identify pragmatic policies and actions for inclusive growth and development; and prioritise collaborative approaches between stakeholders for progress.”
The Summit,according to NESG, will also spotlight Nigeria’s significance in driving the continent’s transformation through institutions, investment, integration, industry growth, and innovation.
“Under the theme “Collaborative Action for Growth, Competitiveness, and Stability,” NES #30 aims to mobilise leaders towards creating shared opportunities for present and future generations.
“The Summit will emphasize the importance of achieving Africa’s aspirations in a new global context through bold ideas and actions, supported by strong leadership at the industry, national, regional, and global levels.
“As Nigeria and Africa navigate the complexities of the 21st century, the lessons learned and the foundations laid through the Summits are more relevant than ever.
“NES #30 represents a crucial moment for reflecting on our progress and setting a course for a future characterised by dynamic business environments, economic resilience, and shared prosperity,” the statement said.

 

Online Editor by — October 7, 2024 in Business 0
Access Bank Gets Provisional Licence To Establish Commercial Bank In Namibia

 

 

 

Mohammed Shosanya

 

 

 

Access Holdings Plc (‘Access Holdings’),has has obtained a provisional licence from the Bank of Namibia to establish a commercial bank in Namibia.

 

 

The company’s Secretary, Sunday Ekwochi, announced on Monday,in a note investing public and the Nigerian Exchange Limitef

 

 

Commenting on the development, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said the expansion represents an important milestone towards establishing a railroad in Namibia for intra-African trade within the Southern African region, Africa, and the rest of the world.

 

 

He said:”It cements our commitment to building a robust Southern African banking network to deliver shared prosperity and advance financial inclusion thereby empowering many to achieve their dreams.

 

 

“Our entry into the Namibian market also represents a pivotal step in our broader ambition to build a strong global franchise and will unlock new opportunities for businesses and individuals alike. We look forward to partnering with local stakeholders to drive innovation, empower communities, and contribute meaningfully to the prosperity of the region.

 

 

“We remain confident that our investments towards diversifying and strengthening the Bank’s long-term earnings profile will deliver significant value to our shareholders, customers, and wider stakeholder groups”

 

 

According to the note,Access Bank’s operations in Namibia is expected to stimulate the local economy and strengthen its position as a leading regional player.

 

 

 

With existing operations in Southern Africa – Angola, Botswana, Mozambique, South Africa, and Zambia – the Bank is well-positioned to offer stakeholders seamless access to diverse opportunities for expansion and collaboration across the region.

 

 

The Bank  said it will be working in the coming months to fulfil the conditions precedent to the grant of final licence and will keep the market informed.

 

Online Editor by — October 7, 2024 in Banking&Finance 0
Nigeria’s Gas Output Drops-NEITI

       Mohammed Shosanya
Nigeria’s  gas production has declined from 2.744 trillion standard cubic feet (SCF) in 2021 to 2.521 trillion SCF in 2022, forcing the sector’s contribution to Gros Domestic Products (GDP) fall from 7.32% in 2019 to 4.34% in 2022,a report by the Nigeria Extractive Industries Transparency Initiative (NEITI),has said
Chris Ochonu,Assistant Director, Communications and Stakeholders’ Management,signed a statement which conveyed the report made available to Premium News on Monday.
It attributed the development to insecurity and oil theft, adding that the sector recorded a slight recovery to 2.491 trillion SCF in 2023.
The statement said,over five trillion standard cubic feet of gas were produced in Nigeria from 2022 to 2023.
“Over five trillion standard cubic feet of gas were produced in Nigeria in the last two years. 
“A break down shows that 2.521 trillion standard cubic feet were produced in 2022 representing a decline when compared with 2.744 trillion standard cubic feet produced in 2021 while in 2023, the gas sector recorded a total production of 2.491 trillion standard cubic feet representing only 1% drop in gas production when compared with the total production recorded in 2022.
“These information and data were contained in the latest oil and gas industry independent report released to the public in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI).From the Reports, NEITI further disclosed that a five (5) year trend analysis (2019 – 2023) of gas production in Nigeria showed that the highest production volumes of 3.048 trillion SCF was recorded in 2019 and the lowest of 2.491 trillion standard cubic feet was produced in 2023.
“This represented 82.73% increase in the country’s production capacity last year.On gas utilization, the NEITI Report tracked that a total of 137.361 billion standard cubic feet of gas was used as fuel in 2022 from data provided by only 32 gas companies”.
On the contribution of the oil and gas industry to employment opportunities. during the period under review, the NEITI findings showed that only six thousand, seven hundred and twenty eight 6,728 persons were employed in the sector of which (83%) men while only 17% were women.
“In the same direction, the sector witnessed a steady decline on the sector’s contributions to country gross domestic product (GDP).A trend of the contribution of oil and gas sector to GDP in Nigeria from 7.32% to 4.34% in 2022 and 5.75% to Nigeria’s total GDP of N 202.365 trillion (US$478.06 billion) as at last year 2023.
“The report attributed the decline to dwindling oil production arising from insecurity, oil theft and sabotage”,the statement added.
Besides,the Chairman of the Economic and Financial Crimes Commission,Mr Ola Olukoyede warned all industry players,oil and gas companies and relevant government agencies that refusal to comply fully with the annual NEITI Industry Audit process is considered by the EFCC as a costly mistake adding that where the work of NEITI stops marks the beginning of EFCC investigations.
He disclosed that the current NEITI Report on the Oil and Gas sector is now with the Commission for further necessary action.
He commended NEITI for its credible data and promised to deepen cooperation with the agency.
The Chairman of House of Representatives Committee on Petroleum Downstream, Hon Ikenga Ugochinyere announced that a private member bill to amend NEITI Act 2007 to align with the current realities sponsored by him on the floor of the House has already scaled through first reading.
He advised all stakeholders in the NEITI process to partner with his Committee to amend the NEITI law.
The Civil Society Representative on the NEITI National Stakeholders Working Group (NSWG) Dr Erisa Danladi used the forum to remind the Civil Society and the Media that information and data for the 2022 and 2023 Oil and Gas Industry put in the public domain has provided enough tools for engagements and investigation through constructive advocacy.
The Executive Secretary,NEITI, Dr Orji Ogbonnaya Orji used the opportunity to thank President Bola Ahmed Tinubu Administration for supporting NEITI through his policy of non-interference.
He welcomed the Administration’s support for the Agency’s Open Data policy and announced that NEITI has embarked upon establishing a Data Center to serve as a one-stop shop for information and data on Nigeria’s extractive sector.
The Centre will serve as a warehouse for all extractive industry data in aggregated and disaggregated formats for easy public access by multi-stakeholders, especially the civil society, the media, extractive industry companies, government agencies and the legislature.
Besides,the Centre will also provide data information analysis, training and manpower development in data science education deployment and utilisation required to sustain a robust public knowledge and understanding of Nigeria’s extractive industry.
The NEITI Executive Secretary further explained that under the scope of the first phase of the project, covered under the 2023 and 2024 budgets respectively the hardware infrastructure with integrated communications facilities have been completed since 17th of August 2025 as against the initial projection of March 2024 as a result of complex challenges especially in the area of foreign exchange.
Dr Orji expressed satisfaction with the completion of the hardware infrastructure now in place.
He further stated that the next phase of the project involves content development and management.
This, he said involves data mining, cleaning, data migration, data storage, integration, data visualization and analysis.
He added that the next phase would require “development, design and deployment of suitable software applications requisite skills and manpower including training and retraining of staff.
Dr Orji assured that working under the leadership of our Board, the National Stakeholders Working Group, all these challenges will be addressed and this will put the Data Center into optimal use as soon as possible.
Dr Orji described as most encouraging the growing interests in the project which he described as innovative and the first by any EITI implementing country in the world.
Online Editor by — October 7, 2024 in Oil&Gas 0
Report:Dangote Refinery Will Increase Nigeria’s GDP To $322bn,Stimulate Growth Of Oil Industry

        Mohammed Shosanya
Dangote Oil Refinery will raise Nigeria’s Gross Domestic Product to $322bn by 2025, according to a new report quoted in The Punch Newspapers.
The report, titled ‘Impact of Dangote Refinery on the Nigerian Economy’, which was released recently by Data Services & Resources Ltd, indicated that without the refinery, Nigeria’s GDP was expected to grow by 3.34 per cent in 2024, increasing to 4.13 per cent by 2030.
It noted that with the refinery in operation, GDP growth was projected to rise to 4.15 per cent in 2024 and reach 6.21 per cent by 2030.
The report also stated that Nigeria’s GDP at current market prices would increase from N234.43tn in 2023 to N304.8tn in 2024, with further growth to N364.94tn in 2025.
It added that by 2026, GDP was projected to hit N432.24tn, climbing to N806.91tn by 2030.
The Managing Director at Data Services & Resources Ltd, Afolabi Olowookere,  stated that the refinery’s impact was expected to boost GDP to $370.49bn in 2026, $374.69bn in 2027, and continue rising to $412.91bn in 2028 and $446.98bn in 2029.
It added that the Dangote Refinery, which began initial production in January 2024, was expected to positively and hugely impact the economy.
It stated that the refinery’s processing capacity would hit 650,000 barrels per day by the first quarter of 2025, producing 10.4 million tonnes of gasoline, 4.6Mt of diesel, and 4Mt of aviation fuel annually.
The report also highlighted the contribution of the refinery to fiscal sustainability, stating that it would create thousands of direct and indirect jobs.
It added that it would reduce Nigeria’s reliance on imported petroleum products, and improve the country’s trade balance by increasing exports of refined products.
The report noted that by reducing fuel subsidies and generating substantial tax revenues, the Dangote Refinery was set to strengthen Nigeria’s fiscal position and provide much-needed resources for infrastructure and social development projects.
It maintained that the Nigerian government, through the Nigerian National Petroleum Company, initially held a 20 per cent stake in the refinery, but that had been reduced to 7.2 per cent.
The refinery’s operation is also expected to stimulate growth in the upstream, midstream, and downstream sectors, boosting investments in oil refining, chemical and pharmaceutical products, plastic and rubber production, as well as cement manufacturing,according to the report.
Online Editor by — October 7, 2024 in Oil&Gas 0
CBN Sheds Light On Implementation Of Electronic Foreign Exchange Matching System

 

 

 

Mohammed Shosanya

 

 

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, says the bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in the understanding that trust is essential to central banking.

 

 

He disclosed this when he addressed members of the Harvard Club of Nigeria in Lagos at the weekend on the topic: “Leadership in Challenging Times: Restoring Credibility, Building Trust, and Containing Inflation”

 

 

 

Mr. Cardoso reiterated that the CBN’s move was to enhance transparency and provide more accurate oversight of foreign exchange transactions.

 

 

 

He said:“Trust is the currency of central banking. If the public loses trust in the institution, the efficacy of its policies diminishes. Our decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in this understanding.

 

 

“By enhancing transparency and providing more accurate oversight of forex transactions, we send a strong signal that the CBN is serious about fair and efficient markets,” he added.

 

 

 

Mr. Cardoso,who marks one year in office as CBN Governor, this week, told his audience that leadership, especially as the head of a central bank, often requires making difficult and sometimes unpopular decisions.

 

 

 

He emphasised that the Bank is a listening institution, unafraid to reconsider decisions if they fail to meet its original objectives.

 

 

“In the face of economic challenges, it is imperative to focus on core objectives—restoring the credibility of the institution, building trust in the financial system, and, most critically, containing inflation. These are not just strategic goals; they are foundational to any meaningful recovery,” he said.

 

 

Speaking on his journey on the saddle, Mr. Cardoso recalled that upon assumption of duty, he understood that the credibility of the Central Bank of Nigeria (CBN) had to be the bedrock of the actions he and his team took.

 

 

He said:“Without credibility, no policy, however well-intentioned, can succeed. Floating the naira, a decision met with considerable public criticism, was necessary to bring the official exchange rate closer to market reality. The disparity between the official and parallel rates had encouraged arbitrage and speculation, eroding trust in the market.“Credibility is earned by consistency.

 

 

The decision to close this gap, while painful in the short term, sent a message to market participants that the CBN was committed to transparency and sound monetary policy,” he added, noting that speculative trading had been reduced, and stability was gradually returning to the currency markets.

 

 

 

Noting that containing inflation remained the Bank’s core mission, he acknowledged that the CBN was yet to meet its target.

 

 

He stressed that recent declines reported by the National Bureau of Statistics (NBS) in July and August 2024 showed that the CBN was moving in the right direction. He explained: “Our decision to raise the Monetary Policy Rate (MPR) to 27.25% was a bold move.

 

 

Higher interest rates, while painful for borrowers, are necessary to curb excess money in circulation and control inflation.

 

 

Leadership is about making hard choices to secure long-term stability over short-term comfort in moments like these.Highlighting key leadership lessons, Cardoso said: “Leading through challenging times means avoiding the temptation to take on too many initiatives.

 

 

The Central Bank must focus on its core mandate—price stability. It is easy to become distracted by various political and economic pressures, but as a leader, one must prioritise.“Effective communication is as important as the right policy. Clear and open communication fosters trust.

 

“From publishing the results of the Dutch Auction to ensuring regular updates on economic data, transparency has been our guiding principle.

 

“Trust is built on the belief that a central bank will take the necessary steps to ensure economic stability, even when those steps are uncomfortable or politically contentious,” he declared.

Online Editor by — October 7, 2024 in CBN 0
Rivers:Fubara Swears In New LG Chairmen 

 

 

 Mohammed Shosanya

 

 

Rivers State Governor, Sir Siminalayi Fubara has inaugurated the newly elected Local Government Chairmen who emerged following Saturday’s council elections in the state.

 

 

Speaking after the inauguration at the Rivers State Government House in Port Harcourt, the Governor said that the emergence of new local government leaders marks a new beginning for the state.

 

 

He thanked President Bola Tinubu for being a true democrat in the manner he handled the recent happenings in Rivers State.

 

 

He appreciated the PDP governors, the leadership of the party, the stakeholders and the entire people of Rivers State for their support.

 

 

“I must appreciate the president of the federal republic of Nigeria for being a democrat. Without his support we won’t be here today. Even in the face of the situation that confronted us, he still gave us all the support. So, I thank him on behalf of the good people of Rivers State.”

 

 

He declared that he remains a member of the People’s Democratic Party (PDP), despite supporting the Action Peoples Party (APP) whose chairmanship candidates won 22 LGAs, while the  Action Alliance (AA), won one LGA.

 

 

He said: “Am so happy that the Chairman of the PDP Governors Forum is here to witness this swearing-in ceremony. I want to assure you that I still remain a member of the PDP.

 

 

“Desperate situation requires desperate measure. We were confronted with a situation where the local government of the state was heading to doom. And the truth about it is what we did was to salvage the local government Council.”

 

 

Governor Fubara,who charged the new council Chairmen to see their new positions as an opportunity to serve the people, also tasked them on development of their various LGAs and run a peaceful, all-inclusive, transparent and accessible government.

 

 

He implored them to key into his government’s mantra of promoting peace, love and offer purposeful leadership at the grassroot as well as delivering people-centered projects and programmes.

 

 

He also accused supporters of the FCT Minister, Chief Nyesom Wike of planning to disrupt the peace of the state by staging protests across the state on Monday, urging the new Chairmen to remain peaceful.

 

 

He said:”When they set a low standard, we will set a very high standard. We are not going to go their ways, we are not going to confront or fight anybody, we will continue to use the means of peace and ensuring that this state and it’s assets, and the federal government tax are protected.

 

 

“We are not going to be party to any breakdown of law and order in the state, because we know quite alright that if there is breakdown of law and order here, Nigeria will suffer. And is why our maturity must be high.

 

 

“I am charging you to be peace loving. Am aware that they are mobilizing twenty people per unit to go and confront you tomorrow, when you resume in your local government headquarters, but please, if they are coming with violence, avoid them, because the peace of this state is too important to us.

 

 

“It is on a public notice, everybody knows what they are planning, but please, follow my approach. At the right time, you will always will if you are patient and calculative,” he advised.

 

 

The Rivers State Independent Electoral Commission (RSIEC),had earlier in the day, issued certificates of return to the newly elected local government chairmen.

 

 

RSIEC’s Chairman, Retired Justice Adolphus Enebeli, after issuing the certificates to the council chairmen, declared the results for the councillorship elections in the 319 wards of the State.

 

 

Justice Enebeli, in his declaration, said the Action Peoples Party won in 314 wards, while the All Progressives Congress, APC, BOOT Party, Labour Party, Social Democratic Party, and Young Peoples Party won one Councillorship seat each.

 

 

Meanwhile, some political stakeholders in the state have commended the peaceful conduct of the polls, as a former governorship candidate of National Rescue Movement (NRM), in Rivers State, Sobomabo Jackrich, said the elections went peacefully despite the negative impression created in some quarters prior to the election.

 

 

Jackrich said: “As you can see the election is going on peacefully as against the negative impression created by some persons as you see the place was peaceful and the people came out to vote candidates of their choice”.

 

 

He used the medium to advice Governor Siminalayi Fubara not to be deterred by the threats and distraction which took place in the state prior to the election, urging the Governor to continue to do what is right for the entire state and not a section.

 

 

On his part, the immediate past Caretaker Committee Chairman of Asari-Toru Local Government Area, Hon. Orolosama Peter Amachree,

 

He commended the peaceful conducts of youths and voters in the area who came out peacefully to cast their votes in the absence of the Nigerian Police who backed out of the election.

 

 

He faulted the police for allowing itself to be used by politicians against the collective interest of the people they were supposed to protect. Adding that the election was even more peaceful with the absence of the police.

 

 

Rt. Hon. Orolosama Peter Amachree also used the medium to call on President Bola Tinubu to wake up and call the FCT Minister, Nyesom Wike to order before it is too late. Adding that Wike is trying to overshadow both the president and the IGP.

 

 

Also commending Governor Fubara for ensuring the peaceful conduct of the elections, the Paramount Head of George Ama in Buguma, HRH, Datonye Igbanibo George, thanked the Governor for the enabling environment as well as creating a level playing field for all candidates.

 

 

He advised all the chairmen across the 23 LGAs of the state, who emerged to be transparent to their people and use the resources of the councils to serve the people by providing basic amenities for them.

Online Editor by — October 6, 2024 in News 0
Ex-NACCIMA President Seeks Establishment Of Vocational Training Centres In Niger Delta

     Mohammed Shosanya
A former President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Chief George Udagba,has enjoined the Niger Delta Chamber of Commerce, Industry Mines and Agriculture, NDCCITMA, to establish vocational training centres in the Niger Delta region.
Udagba,who made the appeal during the NDCCITMA sensitization programme in Umuahia, Abia State, noted that the training centres would help the new Chamber of Commerce to achieve its goal of addressing poverty and food insufficiency in the region.
The ex-NDCCITMA boss in a statement signed by Seledi Thompson-Wakama,
Director, Corporate Affairs,also advised the Chamber of Commerce to engage with business conglomerates with the required standard workshops and certification. This, according to him would reduce our expatriate quota to other African countries.
Udagba stated: “The aim of establishing the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture is primarily to address economic problems at the grassroots.
“It is, therefore important for me to draw the attention of the NDCCITMA to find a way to liaise, engage, interface with big industries with workshops to set up vocational training centers across the region where under-water welding, gas welding, skills in agriculture and other trades can be undertaken rather than relying on imports.”
He assured that as the umbrella body in charge of policy advocacy and leadership, NACCIMA was prepared to guide and provide useful advice to NDCCITMA.
In his remarks,the Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, who was represented by the NDDC Director in charge of Abia State Office, Mr. Azubuike Nwaubani, said the establishment of the NDCCITMA was to provide a platform where struggling business entrepreneurs could advance their businesses.
He further explained that with the creation of the Chambers of Commerce has not only closed the gap but opened an avenue for financial support to business owners.
He called on the National Association of Small and Medium Enterprises, formal and informal business communities and individuals that require financial support to register with the Chamber of Commerce.
Also speaking,the Chairman of Niger Delta Chamber of Commerce, Industry, Mines and Agriculture NDCCITMA, Ambassador Idaere Gogo Ogan, commended the leadership of the NDDC for its foresight in promoting the Chamber of Commerce, noting that NDCCITMA would work as development partner with the Commission.
He added that NDCCITMA had commenced bilateral talks with MSMEs, incubation centers, academics, professional bodies, trade groups among others.
Ogan assured that NDCCITMA would strive towards ensuring food security and build skills in collaboration with NACCIMA.

 

Online Editor by — October 6, 2024 in SME/Manufacturing 0
Delayed Flight:NG-Eagle Gives Passengers Free Air Ticket

   Mohammed Shosanya
 NG-Eagle,has surprised its passengers with complimentary air tickets following an unexpected one-hour flight delay.
After apologizing to those on board its newly acquired aircraft, the airline’s management announced that each passenger would receive a free ticket for their next journey with NG-Eagle,allowing travel to any destination within the airline’s network in Nigeria, along with all associated privileges and amenities.
The announcement drew applause from the 95 passengers on the flight from Abuja to Lagos,who expressed their gratitude for the airline’s proactive approach to customer satisfaction.
This initiative comes as NG-Eagle resumes operations with an expanded fleet.
The airline recently introduced a new aircraft,signaling a renewed commitment to enhancing passenger experience across its routes.
NG-Eagles currently operates daily flights connecting major cities, including Lagos-Abuja, Abuja-Lagos, Abuja-Sokoto, Sokoto-Abuja, and Abuja-Port Harcourt, as well as Port Harcourt-Abuja,aiming to provide reliable and efficient service to its customers.
Online Editor by — October 6, 2024 in Aviation 0

    Mohammed Shosanya
 NG-Eagle,has surprised its passengers with complimentary air tickets following an unexpected one-hour flight delay.
After apologizing to those on board its newly acquired aircraft, the airline’s management announced that each passenger would receive a free ticket for their next journey with NG-Eagle,allowing travel to any destination within the airline’s network in Nigeria, along with all associated privileges and amenities.
The announcement drew applause from the 95 passengers on the flight from Abuja to Lagos,who expressed their gratitude for the airline’s proactive approach to customer satisfaction.
This initiative comes as NG-Eagle resumes operations with an expanded fleet.
The airline recently introduced a new aircraft,signaling a renewed commitment to enhancing passenger experience across its routes.
 NG-Eagles currently operates daily flights connecting major cities, including Lagos-Abuja, Abuja-Lagos, Abuja-Sokoto, Sokoto-Abuja, and Abuja-Port Harcourt, as well as Port Harcourt-Abuja,aiming to provide reliable and efficient service to its customers.

 

Online Editor by — October 6, 2024 in Aviation 0
Kebbi:Gunmen Abduct Monarch,8 Others

Kebbi:Gunmen Abduct Monarch,8 Others
Bandits have abducted the district head of Kanya under Danko/Wasagu local government area of Kebbi state.
Alhaji Isah Daya,the district head of Kanya village was abducted when armed bandits stormed his village killed one ,injured three persons and abducted 8 people,including the Kanya monarch in the latest siege by the bandits.
Kebbi state police image maker,SP Nafui Abubakar,who confirmed the latest attack, gave the name  of the deceased as Sherrif Alhaji Almu.
According to him,a combined security team led by the police have launched man hunt on  the  kidnappers of the monarch and to rescue the abducted from the den of the kidnappers.
According to him,Kebbi state government has provided the needed logistics to tame banditry in the affected towns,particularly Kebbi South, Zuru emirate.
Online Editor by — October 6, 2024 in Crime/Metro 0