NEWS
Military Destroys 897 Illegal Refining Sites in Q3 – DHQ
By David Torough, Abuja
The Defence Headquarters (DHQ) said the troops of Operation Delta Safe destroyed 897 illegal refining sites across the Niger Delta region in the third quarter of the year.
The Director of Defence Media Operations, Maj.-Gen. Edward Buba, made this known while briefing newsmen on the operations of the armed forces, on Thursday in Abuja.
Buba said the troops also destroyed 370 wooden boats and recovered 48 assorted weapons and 672 assorted ammunitions during the period.
He said the troops also apprehended 447 persons involved in crude oil theft and rescued 48 kidnapped hostages as well as recovery of 12.1 million litres of stolen crude oil; 2.
6 million litres of AGO; 6,970 litres of DPK and 31,450 litres of PMS.According to him, troops of Operation Delta Safe maintained the momentum against the activities of crude oil theft during the third quarter of the year.
“The air component conducted air interdictions on several illegal crude oil refining sites during the period, destroying over 100 of such sites, boats, vehicles among other equipment,” he said.
In the South East, Buba said troops of Operation UDO ΚΑ, neutralised 180 combatants, apprehended 354 IPOB/ESN criminals and rescued 148 kidnapped hostages.
He said the troops recovered 28 AK47 rifles, 44 pump action guns, 58 assorted arms, 3,456 rounds of 7.62mm special, among others.
According to him, troops apprehended high profile members of IPOB/ESN at Agwu Local Government Area of Enugu State and several others who he said were assisting in ongoing investigation.
Buba said the ongoing counter-terrorism and counter-insurgency operations across the country had prioritised the killing of terrorist leadership and the destruction of terror infrastructure.
“Accordingly, troops are effectively attacking terrorist leaders, commanders, combatants, as well as their rank and file operatives.
“All through the stretch of the third quarter of the year, synchronised bombardment by air and ground forces significantly diminished terrorist military capabilities and network.
“On the whole, troops are keeping pressure on terrorist until they are totally defeated. We are focussed on destroying both their military capability as well as their will to fight of the terrorist. Lastly, we are attacking any threat we identify, and removing it.” he said.
NEWS
NAICOM Boss Decries Impact of Inflation on Insurance Industry
The Commissioner For Insurance, Mr Olusegun Omosehin, on Friday decried the impact of inflation on the insurance industry.Omosehin, also the Chief Executive Officer(CEO), National Insurance Commission (NAICOM), raised the concern at the Insurance Meet Tech(IMT) 2024 conference held in Lagos.He said this had been a major concern for the insurance sector, adding that rising prices affect both insurers and policyholders.
The commissioner, represented by the Head, NAICOM Lagos Control Office, Mr Julius Odidi, noted that it could be difficult for insurance companies to operate profitably, especially if claims costs increase due to inflation. “To mitigate this, insurers must carefully manage their investment portfolios, adapt pricing strategies, and maintain adequate reserves.“It is critical to note that navigating the current macroeconomic realities successfully would be a natural precursor and building block for the revitalisation of theinsurance industry,” he said.Omosehin assured that NAICOM had prioritised prompt settlement of all genuine claims, fair treatment of policyholders and utmost transparency, as some of the ways to boost the insurance industry’s image and support economic growth.He noted that the commission resolved to give priority to settlement of genuine claims, as that was the fundamental reason of its existence as an industry.The commissioner stated that it was critical for insurers to embrace digitalisation.According to him, insurers must modernise their processes, enhance customer experiences through digitalchannels, and invest in technology to streamline operations.“Adapting to changing consumer behaviours and preferences is equally important, as offering online policy purchase, claims processing, and customer service can attract tech-savvy customers,” he said.(NAN)NEWS
EFCC Nabs ex-Taraba Gov. Ishaku over Alleged N27bn Fraud
The Economic and Financial Crimes Commission (EFCC) has arrested Darius Ishaku, a former governor of Taraba State, over alleged involvement in a N27 billion fraud scheme.Ishaku was taken into custody from his Abuja residence on Friday.A source from the commission revealed that Ishaku faces at least 15-count charges, including criminal breach of trust, misappropriation, and diversion of public funds.
“We have been gathering evidence for some time now, and his inability to account for certain financial activities during his administration raised major red flags. “The former governor is currently in our custody. He has been under investigation since leaving office, and there have been numerous instances of financial malfeasance attributed to him.”The EFCC spokesman, Dele Oyewale, confirmed the arrest but declined further comment.Ishaku, who served as governor from May 2015 to May 2023, will be arraigned in court soon.(NAN)NEWS
Interior Minister Condoles with Akwa Ibom gov. Over Wife’s Death
The Minister of Interior, Dr Olubunmi Tunji-Ojo, has condoled with the Governor of Akwa Ibom, Umo Eno, on the demise of his wife, Patience.This is contained in a statement by the Special Adviser to the Minister on Media and Publicity, Mr Babatunde Alao, on Friday in Abuja.The minister described the deceased as an exceptional philanthropist whose virtues and kindness touched countless lives.
He urged the governor to find solace in the divine will of God and the cherished memories of his late wife. Tunji-Ojo prayed that God almighty grant the bereaved family and the entire Akwa Ibom people the fortitude and resilience to bear the loss.He also prayed that the soul of the departed rest in perfect peace.(NAN)