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Investment and Securities Tribunal seeks collaboration with Enugu Govt

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From Sylvia Udegbunam, Enugu

The Investments and Securities Tribunal (IST) is seeking to collaborate with the Enugu State government in areas of mutual interests that would contribute to the ease of doing business and boost economic activities by encouraging people to invest in the state.

This development was disclosed on Thursday by the Chairman, Barr.

Amos Azi, when he led a delegation of the tribunal on a courtesy visit to the Enugu State governor, Dr.
Peter Mbah, at the Government House, Enugu.

The IST Chairman, who expressed delight over the victory of the governor at the Supreme Court, further commended his administration for the laudable achievements recorded in less than one year in office.

According to him, the IST is a specialized fast-track civil court established pursuant to section 274 of the Investments and Securities Act 2007 for the resolution of disputes arising from investments and securities transactions in the Nigerian Capital Market as part of the Federal Government’s reform initiative for the financial sector.

While stating that the Enugu Zonal Office was established in 2009 with a view to reducing costs to prospective litigants and creating affordable access to justice, considering the strategic and unique role the state has been playing in the zone, the Chairman bemoaned that its zonal office had been operating in a rented residential apartment with perennial increment and other costs.

“The Tribunal has since its inception in Enugu adjudicated over 30 cases with a collective monetary value of about ₦1.2 billion, and it is hoped that with an adequate enabling environment and stakeholders engagement, the Tribunal is likely to witness a deluge of cases, which will serve to address the concerns of many investors thus boosting economic activities not just in Enugu State but the entire South East geo-political and economic zone,” he added.

He also called on the people of the state and the entire zone to consider investing in the capital market as that would expand their economic base, saying acquiring shares in performing companies would yield good dividends for them.

Reacting, Governor Mbah reiterated the administration’s commitment to partnering with every institution that would add value to the state, adding that Enugu State had been supporting a large number of federal agencies operating in the state over the past years.

Governor Mbah, who was represented by the Deputy Governor, Barr Ifeanyi Ossai, assured of continuous collaboration with the tribunal and other agencies as the relationship would foster economic and investment justice, reinforce investor’s confidence and facilitate quick resolution of disputes.

“This courtesy call exemplifies our commitment to fostering collaboration and promotion of investment justice. It also speaks to our fidelity to investment agreement, honest and quick resolution of investment disputes, financial and economic stability especially as we work assiduously to grow the economy of our state from $4.4 billion to $30 billion,” he maintained.

Governor Mbah called on investors to see the state as the most investor-friendly state with the recent reforms in all the MDAs that would encourage the ease of doing business.

“Our administration remains steadfast in creating an environment conducive to investment, and the insights shared during this engagement will undoubtedly contribute to the formulation of policies geared towards making Enugu State the choice destination for investors,” the governor added.

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32-year-old in Court For Allegedly Robbing Man of N4.5m iPhones

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The police in Lagos on Friday arraigned a 32-year-old businessman, Wilfred Ochie, who allegedly robbed a man of two iPhones worth N4.5 million with  gun.

Ochie, who resides at 3, Eleda Avenue, Iba, Lagos State, appeared before an Ikeja Chief Magistrates’ Court on a two-count charge of conspiracy and robbery.

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

According to the prosecutor, ASP Adegoke Ademigbuji, the defendant committed the offences on April 16 at Iba.

The prosecutor said that the defendant ordered two iPhone 16 Promax from the complainant, Mr Samuel Olotu, on jiji.com, on payment-on-delivery term.

The prosecutor said that when a rider went to deliver the phones, he was robbed at gunpoint.

Ademigbuji said that the defendant was tracked with the number he used to call the complainant.

The alleged offences contravene Sections 297 and 411 of the Criminal Law of Lagos State, 2015.

The Chief Magistrate, Mrs O. O. Kushanu, granted the defendant bail in the some of  N400,000 with two sureties in like sum.

Kushanu adjourned the case until June 19 for mention. (NAN)

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Methodist Archbishop, Igwe Condemns Spate of Insecurity, Killings in Nigeria 

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By, Godwin Okeh Abakaliki 

The Archdiocesan Bishop of Methodist Church, Archdiocese of Ebonyi, His Grace Most Rev. Chikwendu Ogan Igwe has condemned in totality the spate of insecurity and killings of innocent citizens, especially in Plateau, Benue and some part of Ebonyi State.

Igwe, however, called on governments at all levels and wealthy personalities in Nigeria to rise and use their privileged positions to impact on the poor and less privileged in the society.

The Archdiocesan Bishop, Igwe made this known in a communiqué signed by him and the Archdiocesan Lay President, Onwe Sunday Onwe and issued to newsmen in Abakaliki, shortly after the end of the 31st annual synod of the diocese of Abakaliki, held at the cathedral of the holy Trinity, Ebonyi State.

The synod, however commended the President, Bola Ahmed Tinubu for citing the coastal Roads that passed through Ebonyi State, adding that the roads will encourage economic development and ease of transport and communication in the area.

He equally applauded the governor of Ebonyi State, Francis Nwifuru for  his intervention in communal clashes in some areas of the state, especially in Effium/Ezza Effium, Amasiri/Edda, Amangwu/Isinkwo and encouraged him not to relent in restoration of total peace in the entire State.

The eleven points communique reads in part: “The Synod encouraged the governor, Francis Nwifuru not to relent in the restoration of total peace in the entire State and also praise  his administration for human capital development he exhibits through the people charter of needs which Methodist Church has also benefited from, before and especially during the inauguration of the Archdiocese of Ebonyi.

“The Synod affirmed that Methodist Church Nigeria has risen to their responsibilities of not only praying for the state and Nigeria, the

 Citizens and especially leaders at all levels but also to contribute their quota in addressing issues of concern where necessary.

“The assembly called for attitudinal change of sacrificial giving and faithful tithing, aggressive evangelism, health services, welfare of workers and other spiritual infrastructural development of the Diocese to achieve a better result.

“The synod called on the leaders to cultivate good relationships with God as in the case of Mary and Martha in order to attract God’s intervention in the present unstable economic downturn of the Nation.

“The Synod condemned the spate of insecurity pervading the entire Nation especially the recent killings in Plateau, Benue and some part of Ebonyi State and advised that leadership at all levels should arise to tackle these threats to lives and properties.

“In the face of the uncertainty in our present society, insecurity, hunger, poverty and hardships, the Synod enjoined the general public to allow the resurrection power of Christ to drive their faith to Christ’s redemptive work. 

“The Synod called on the general public and youths in particular to shun all   forms of social vices, such as cultism, ritual killings, drug abuse, sexual immorality and illicit masquerading especially among the Christendom” the communiqué noted.

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CRIME

Police Nab 78 Suspects, Recover Weapons, Drugs in Kano

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The Kano State Police Command on Friday, said it arrested 78 suspects and recovered a substantial quantity of weapons, illicit drugs and stolen properties across the state.

The Commissioner of Police (CP), Dr Ibrahim Bakori made the disclosure at a news conference at Bompai Kano Police Headquarters.

Bakori stated that the development was part of the command’s ongoing efforts to combat crime in the state.

According to the CP, notable among the arrests was the re-arrest of one Sulaiman Danwawu, a 32-year-old notorious drug dealer from Tudun Yola Quarters.

He explained that Danwawu had previously been charged to court in 2022 for alleged possession of 500 cartons of suspected Tramadol tablets and now found with other illicit substances on his re-arrest.

The CP also announced that his men apprehended a suspected armed robber with two Beretta pistols and ten rounds of live ammunition.

“Between April 23 and May 9, 2025, we arrested five-armed robbery suspects, seven suspected drug dealers.

”We also arrested one suspected cattle rustler, four suspected fraudsters, 13 suspected thieves and 48 suspected thugs (Yan Daba),” he said.

Bakori listed items recovered from the suspects to include two Beretta pistols with 10 live rounds of ammunitions, various quantities of hard drugs such as Pregabalin, Diazepam, Tramadol, Codeine, Pentazocine and Cannabis.

Also recovered were eight vehicles, three tricycles and two motorcycles.

The Police chief added that they recovered 12 cutlasses, 15 knives, counterfeit currency totaling 198 US dollar notes and ₦311,000. five sheep, two rams, 12 mobile phones, an alternator generator and several other household items.

Bakori emphasised that these achievements demonstrate the effectiveness of the command’s strategies in curbing drug abuse and related crimes, which drive thuggery, armed robbery and other violent crimes.

He also noted a significant reduction in phone snatching, thuggery and car theft in the area.

The commissioner assured residents of the command’s resolve to maintain peace and order just as he urged the public to support the police with credible information.

He appreciated the support of the media and other law-abiding citizens of the state, saying, “we count on your cooperation to keep Kano safe”.(NAN)

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