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Banks, Others Raise N2.7trn Via Rights, Public Issuance –SEC

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The Securities and Exchange Commission (SEC) says more than N2.7trn has been raised in the capital market  by banks and other companies.

The Director-General of SEC, Dr Emomotimi Agama, said this at 2024 Journalists Academy in Abuja on Monday, with the theme: “Fintech: Leveraging Technology to Drive Capital Market Participation.

He said the figure, which included equity capital, excluded the amount raised by funds managers in the capital market.

Agama said that out of the N2.7 trillion, about N1.7 trillion was raised by banks through their recapitalisation exercise.

He said the Commission had made significant progress in registering Capital Market Operators (CMOs), including on-boarding FinTechs under the Commission’s Regulatory Incubation Programmes (RIP).

The director-general said the SEC was working with the Nigerian Financial Intelligence Unit (NFIU) to ensure the country exited the Financial Action Task Force (FATF) grey list, adding that this is crucial for the development of the financial sector.

”As you are aware, we came on board with an important banking recapitalisation exercise which we can declare has been successful.

”This exercise will enhance financial stability and bolster investor confidence and improve the Nigerian economy,” he said.

Agama said the Commission’s approval of the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) to tackle housing deficit in the country by enabling affordable mortgage financing, aligned with the Federal Government’s one million homes initiative.

He reaffirmed the Commission’s commitment to implementing its Revised Capital Market Masterplan (2021-2025) by prioritising stakeholder engagement, awareness creation, capacity building, and developing regulatory frameworks. (NAN)

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Plateau CAN Chairman, Lubo, Dies

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Rev. Fr. Polycarp Lubo, the Chairman of the Plateau Chapter of the Christian Association of Nigeria (CAN), is dead.Lubo, a priest of the Catholic Archdiocese of Jos, died in the early hours of Sunday at the Jos University Teaching Hospital (JUTH).Report says that two weeks ago Lubo was involved an accident, where he sustained a head injury.

Rev.
Fr. Daniel Gyang, the Chancellor of the archdiocese, confirmed the incident to newsmen on Sunday in Jos.
“On a sad note, but with total submission to the will of God, we announce the passing unto eternal glory of Very Rev. Fr. Polycarp Lubo.“He passed on to eternal glory in the early hours of Sunday, June 15.“The Archbishop condoles with his immediate family, CAN in Plateau, the presbyterium of Jos and the parishioners of St.
William’s Parish, Zawan, where he was the Parish Priest.“The archbishop equally commiserates with all the Religious and lay faithful of the archdiocese over this loss,”he Gyang said.The chancellor said that burial arrangements for the deceased would be announced in due course.(NAN)

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Police Apprehend 2 Suspects Over N17m Cement Fraud in Anambra

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The Police Command in Anambra say its operatives have arrested two suspects who are parts of a criminal syndicate that defrauded a victim of two trucks load of cement, worth N17 million in the state.The command’s Spokesman, SP Tochukwu Ikenga, disclosed this in a statement, issued in Onitsha and made available to newsmen on Sunday.

Ikenga said the incident occured on May 17.
According to him, following a complaint, received by police operatives, attached to the 3-3 police station on how one Edwin Emeka of unknown address, defrauded an unsuspecting member of the public.
He added that the victim was defrauded of two trucks load of cement, worth N17 million.He revealed that the police arrested one Charles Nnanna and Chukwunonso Okoye in possession of the goods.
He explained that the victim met Edwin online, and had been in communication with him.“Immediately the cement was supplied, all attempts to get to Edwin proved abortive, before the police operatives traced the goods to different shops in the state,” he said.The police PRO said the two suspects are currently undergoing interrogations, to provide more information on how to arrest Edwin and other syndicate members.He further stressed that the case highlighted the importance of vigilance, especially those people who meet online for business transactions, and other personal engagements, to prevent harm or loss of life and property.He promised that the suspects would be charged to court on the conclusion of the investigations. (NAN)

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Enugu Community Holds Church Service to Cleanse Alleged killings by Native Doctor, Obieze

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The Umumba Ndiagu Community in Ezeagu Council Area of Enugu State, on Sunday, held a church service to cleanse the sacrilege committed by alleged ritualist, Levi Obieze.The special Holy Mass was organised to cleanse their land allegedly defiled by Obieze with human blood and to seek God’s forgiveness.

Report says that Obieze’s crimes were exposed recently when his men allegedly kidnapped a 13-year-old girl, Miss Ukamaka Okonkwo, who was later rescued from the dungeon.
Further search by law enforcement agents revealed that he buried several people in a soak-away inside his compound including a pregnant woman, apparently for ritual purposes.Obieze fled from the community to evade arrest but was later arrested by the Nigerian Immigration Service personnel at the Badagry-Seme Border in LagosSpeaking at the event, the President-General of Umumba Ndiagu, Prince Ositadimma Ofuanyaegbunam, said Obieze hailed from Umuojo Isiagu Umumba not Ndiagu Umumba as reported in the media.
According to him, the two communities are brothers and share the same market and church together.“Today we are doing a kind of reparation because we want to pray to God to forgive us the sins of our brother who killed many people here,” he said.He appealed to the Enugu State Government to construct access road leading to the community, noting that it was the first time such crime was happening in the community.In his homily, Rev. Fr. Rueben Okofia, the Parish Priest of St. Peter’s Parish, Umumba Ndiagu, Okofia said Obieze once warned and threatened him to stop spreading the gospel and exposing the blessed sacrament, claiming that they were disturbing him.The priest said he did not take any action when he threatened him so as to avoid having loggerheads with him, but rather decided to fight him spiritually.He disclosed that the prayer and cleansing was significant as a way of cleansing the community of the blood of innocent victims killed by the ritualist.“We mourn them and pray Almighty God to have mercy on their souls.We also pray to God to cleanse our land from any defilement by Obieze and others,” Fr Okofia prayed.Narrating the true picture of the incident, the Chief Security Officer of the community, Mr John Okeke, said he was inside the forest beside Obieze’s house checking his firewood.According to him, at about 7pm he saw a motorcycle with two men and a little girl in their middle.“I hid and began to watch the motorcycle and I suspected that they might be kidnappers; so, I quickly went to the community and informed some people of what I saw.“We went to Obieze’s house to inform him what we saw beside his compound but he said it could not be true,” he said.Okeke said he insisted that there was kidnapping at the back of his house.“At that juncture, he offered me N10 million to close my mouth but I refused.“I went to inform others and as we started beating one of his boys, we heard someone crying and we moved towards the direction and it was this little girl tied inside a pit,” CSO said.The girl’s father, Mr Peter Okonkwo, thanked God for giving his daughter a second chance to live, and commended the Enugu State government for rehabilitating and offering scholarship to her.The highlights of the event was rewarding of Okeke, the CSO with a brand new phone by the Aneke Foundation. (NAN)

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