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Sambo Pays Tribute to Nigerian Armed Forces, Salutes Their Gallantry, Bravery

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Sambo Pays Tribute to Nigerian Armed Forces, Salutes Their Gallantry, Bravery

The Minister of Transportation, Mu’azu Jaji Sambo has paid glowing tribute to the men and women of the Nigerian Armed Forces, as Nigeria marks the 2023 Armed Forces and Remembrance Day. 

Sambo made the remark in a message made available by the Director Press and Public Relations,

Henshaw Ogbuike, in which the Minister described the fallen soldiers as heroes who paid the ultimate sacrifice in order to protect the country’s sovereignty. 

Sambo stressed that the country remembers and honours them for their gallantry and bravery, adding that the ideals for which they laboured will be upheld.

*Mu’azu Sambo, The Minister of Transportation 

“This day we salute the gallantry and bravery of our men and women who paid the ultimate price for the safety of our fatherland. Today we remember and honour them. The labour of our heroes past shall never be in”, the Minister said.

crime

NEMESIS: Kogi Police Officer Detained Over Alleged Robbery, Car Theft– CP

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NEMESIS: Kogi Police Officer Detained Over Alleged Robbery, Car Theft– CP

…Plate number already changed to an Abuja number, and car dealer’s receipt backdated to 2020

 The police in Kogi have confirmed the arrest and detention of a Police Officer, Insp Aminu Mohammed, for alleged robbery and car theft.

The Spokesman, SP Williams Ovye-Aya, confirmed this to newsmen on Tuesday.

”Mohammed, a crime officer with the “C” Division at 200 Unit, Lokoja, is cooling his heels at the A Division of the command.

“Already, the State Commissioner of Police (CP) Bethrand Onuoha, has ordered an investigation into the involvement of the inspector in the crimes labelled against him,” Ovye-Aya said.

A reliable source revealed that Muhammed was in the police net for robberies around his duty station, in the Lokoja metropolis.

“The stolen car was found in the workshop of the policeman’s panel beater, Arome Moses, who was already working on changing the car’s colour at Ochadamu village.

“Those who know the vehicle and were aware of the robbery incident that occurred in the owner’s house on June 14, quickly raised an alarm upon sighting the car.

“An alarm was raised and the panel beater was arrested by policemen of the Quick Response Unit (QRU) attached to the Police Area Command, Idah.

“On interrogation, the panel beater spilt the beans, and the officer was invited and apprehended.

“The car plate number had already been changed to an Abuja number just as a car dealer’s receipt was backdated to 2020 and presented by the officer as evidence that he bought it,” the source said.

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Economy

Selloffs In MTN, Others Drag Market N25bn Down

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Selloffs In MTN, Others Drag Market N25bn Down

…RT.BRISCOE, Tantalizer lead the losers’ table 

 The equity market on Wednesday lost N25 billion due to selloffs in MTN Nigeria, Dangote Sugar and Guaranty Trust Holding Company (GTCO), among other stocks.

Specifically, the market capitalisation, which opened at N56.670 trillion, shed N25 billion or 0.04 per cent to close at N56.645 trillion.

The All-Share Index also dropped 0.04 per cent, or 43.3 points, to close at 100,032.32, as against 100,075.59 recorded on Tuesday.

As a result, the Year-To-Date (YTD) return slipped to 33.78 per cent.

United Capital led 10 per cent to close at N36.30, Africa Prudential followed by 9.88 per cent to close at N8.90, and Cutix gained 9.86 per cent to close at N6.13 per share.

Oando rose by 5.63 per cent to close at N16.90, and Julius Berger advanced by 4.79 per cent to close at N87.50 per share.

Conversely, RTBRISCOE led the losers’ log with 5.71 per cent to close at 66k, and FTN Cocoa Processors trailed by 4.44 per cent to close at N1.72 per share.

Tantalizer declined by 4.26 per cent to close at 45K, Neimeth International Pharmaceuticals shed 3.53 per cent to close at N1.64 and Consolidated Hallmark Plc lost N3.45 to close at N1.40 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up 35.71 per cent.

A total of 1.10 million shares valued at N10.08 billion were exchanged in 8,720 deals, compared to 368.39 million shares valued at N7.42 billion exchanged in 8,151 deals posted previously.

Jaiz Bank led the activity log-in volume with 528.49 million shares worth N1.15 billion, Cutix followed by 194.64 million shares worth N1.19 billion.

Zenith traded 77.75 million shares valued at N3.11 billion to lead the log-in value, Universal Insurance transacted 36.26 million shares worth N12.35 million and FCMB sold 33.88 million shares worth N257.09 million. 

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crime

Alleged $6bn Fraud: Court Denies Agunloye’s Request For Medical Trip

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Alleged $6bn Fraud: Court Denies Ex-power Minister’s Request For Medical Trip

… Over 2003 Contract award titled “Construction of 3,960-megawatt Mambilla Power Station” on BOT basis, without any budgetary approval

 A Federal Capital Territory (FCT) High Court on Wednesday refused to grant an application filed by Dr Olu Agunloye, a former minister of power and steel, seeking to travel abroad for medical treatment.

The Economic and Financial Crimes Commission (EFCC) is prosecuting him over certain infractions regarding the $6 billion Mambilla Hydroelectric Power Station in Taraba.

Agunloye, who served as a minister in the administration of former President Olusegun Obasanjo, is being prosecuted by EFCC, on behalf of the Federal Government, before Justice Jude Onwuegbuzie.

He was charged in the suit, marked FCT/HC/CR/617/22, with a seven-count charge bordering on forgery, disobedience of presidential order and corruption.

He was alleged to have, among others, on May 22, 2003, awarded a contract titled “Construction of 3,960-megawatt Mambilla Hydroelectric Power Station on build, operate and transfer basis to Sunrise Power and Transmission Company Limited without any budgetary provision, approval and cash backing.

The prosecution also alleged that it traced some suspicious payments made by Sunrise Power and Transmission Company Limited to the former minister’s accounts.

The defendant, however, pleaded not guilty to the charge.

Delivering a ruling, Justice Jude Onwuegbuzie, held that the defendant failed to adduce sufficient evidence to show that his ailment could not be treated by a hospital in Nigeria.

He therefore dismissed his application to travel abroad for medical treatment.

The judge subsequently, adjourned until Sept 23 for continuation of trial.

On January 11, Agunloye was arraigned on a seven-count charge bordering on fraudulent award of contract and official corruption.

The court admitted him to bail in the sum of N50 million.

The court also seized his passport as one of the bail conditions.

Agunloye, through his counsel, Adeola Adedipe, SAN, had applied for the release of his passport to enable him to travel.

At the last adjourned date, Adedipe said his client needed urgent medical attention abroad.

Some of the documents tendered by the defence lawyer included medical reports from University College Hospital, Ibadan and the NISA Premier Hospital, Abuja.

The defendant also included a letter from the Federal Road Safety Commission (FRSC) and an invitation from a foreign medical analyst requesting him to travel abroad for an urgent medical evaluation.

However, the application was opposed by the EFCC which claimed the former minister was a flight risk, having amply demonstrated unwillingness to present himself for trial until he was declared wanted.

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ADEBAYO SARUMI: Doyen of Maritime Industry Marks 80th Anniversary, Saturday 

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