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Lockdown: FRSC Impounds 2,019 Vehicles in Lagos

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The Federal Road Safety Corps (FRSC) Lagos State Command, said it impounded 2019 vehicles for various offences during the COVID-19 lockdown ease between May 4 and May 31.

The Sector Commander, Mr Hyginus Omeje, who disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos on Wednesday, said  the corps would not tolerate disregard for road safety rules and regulations.

Omeje, who was recently promoted from Corps Commander to an Assistant Corps Marshal, said the corps recorded 33 road traffic crashes within the period.

He said 10 of the crashes were fatal, claiming 10 lives; 13 were serious, which injured 40 people, while 10 were minor accidents.

“Our operational activities in the sector and component commands from May 4 show that the corps booked and impounded a total of 2,019 vehicles and the most prevalent offence is overloading.

“The corps arrested a total of 666 vehicles for overloading in this period. We will continue to do our best to reduce road crashes and save lives,” Omeje said.

The FRSC boss, expressed the corps’ commitment to enlightening motorists and enforcing traffic rules and regulations, especially during the ongoing gradual ease of COVID-19 lockdown.

He said the corps would continue to ensure hitch-free traffic flow along major highways in the state.

According to him, motorists should be patient and obey traffic regulations on the highway.

He advised motorists to observe safety precautions and guidelines put in place by the federal and state governments to prevent further spread of COVID-19 pandemic in the country. (NAN)

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MTN, Tier-1 Banks’ Stocks Lift NGX Gains by N157bn

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Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks on Thursday further raised the equity market higher by 0.27 per cent.

Specifically, investors gained N157 billion or 0.27 per cent, making the market capitalisation which opened at N58.963 trillion, to close at N59.

120 trillion.

Consequently, the All-Share Index grew by 0.

27 per cent or 278.
42 points, to close at 104,562.06, as against 104,283.64  recorded on Wednesday.

As a result, the year-to-date (YTD) return on the index rose to 39.84 per cent.

Buy interest in Guaranty Trust Holding Company (GTCO),  Zenith Bank, Wema Bank, Transnational Corporation, Prestige Assurance, Sovereign Trust Insurance, among other top traders, kept the market in the green.

The market breadth also closed positive with 39 leading equities outnumbering 19 declining stocks on the floor of the Exchange.

Meanwhile, Morison Industries Plc led the gainers table by 10 per cent to close at N1.76, Ikeja Hotel followed by 9.91 per cent to close at N6.43 per share.

Julius Berger gained 9.73 per cent to close at N66, while Omatek appreciated by 9.72 per cent to close at 79k.

UPDC Real Estate Investment Trust went up by 9.57 per cent to close at N5.15 per share.

On the other hand, FTN Cocoa led the losers’ table by 9.60 per cent to close at N1.60

ABC Transport trailed by 9.41 per cent to close at 77k, while Guinea Insurance lost 7.89 per cent to close at 35k.

NGX Group shed 6.75 per cent to close at N21.40 and Chams declined by 6.34 per cent to close at N1.92 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 36.61 per cent.

A total of 623.08 million shares valued at N16.95 billion were exchanged in 10,257 deals, compared to 499.71 billion shares valued at N12.41 billion exchanged in 10,260 deals posted previously.

Zenith Bank led the activity chart in volume with 88.36 million shares valued at 3.89 billion, followed by GTCO which led in value with 78.68 million shares worth N4.11 billion.

Access Corporation sold 56.74 million shares worth N1.39 billion, UBA traded 54.94 million shares valued at N1.54 billion and Fidelity Bank transacted 50.78 million shares worth N504.23 million. (NAN)

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Naira Falls Against Dollar by 0.7%

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The Naira experienced a slight depreciation at the official market, trading at N1,309.39 to a dollar on Thursday.

Data from the official trading platform of the FMDQ revealed that the Naira lost N8.96 or 0.69 per cent, compared to the previous day’s rate of N1,300.43 against the dollar.

However, the total turnover increased to $857.

78 million on Thursday, up from $416.10 million recorded on Wednesday.

Meanwhile, at the Investor’s and Exporters’ (I&E) window, the Naira traded between N1,392 and N1,250 against the dollar. (NAN)

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NAFDAC Intercepts Psychoactive Drugs, Bursts Beverage Factories in Southeast

The National Agency for Food, Drugs Administration and Control (NAFDAC) has seized banned pharmaceutical products, worth millions of naira, in the commercial city of Onitsha, Anambra, during a raid.

The agency also burst factories manufacturing fake alcoholic beverages in Enugu and Imo states during the month.

Mr Martins Iluyomade, NAFDAC’s Director, South East Zone, told newsmen in Awka on Wednesday that drugs intercepted in Onitsha, included 892 bottles of Codeine Syrup, 26 packs of Rohypnol tablet (Flunitrazepam) and 16 packs of Swings tablet (Flunitrazepam).

Others were six rolls of Teka Tramadol capsules 100mg, 10 packs of Super Terpentol tablet 200mg and eight packs Osaka Tramadol Capsules 100mg.

Iluyomade commended Mr Louis Mmadubuatta, the Coordinator of NAFDAC in Anambra, for a successful operation, saying that the drugs posed grave public health danger.

He said the drugs were dangerous  psychoactive substances, especially Rohypnol, which, he said, was largely used by kidnappers, rapists, cultists and  ritualists, on their victims.

“These are controlled drugs which should not be found in an open market or in the hands of individuals,” he said.

Iluyomade said other breakthroughs made included the discovery of a factory under the name BEST IJAW at Ibagwa Aka, in Igboeze South Local Government Area of Enugu State, which specialised  in the production of an unapproved dry gin.

He said the factory had eight PVC containers filled with substances suspected to be ethanol and drums of substances equally suspected to be ethanol.

“The so-called factory is in an uncompleted building used for rearing all manners of domestic animals and is very unkempt. 

“Workers at the factory fill small branded plastic bottles with substances suspected to be ethanol from these drums and they distribute them to the innocent public for consumption,” he said.

The NAFDAC Zonal Director said another operation was carried out in Ezinihitte, Mbaise Local Government Area of Imo State, where a factory counterfeited some popular wine and spirit brands.

He said some of the faked beverages intercepted were Campari, St. Remy, Big Ben Gin, Lord’s Gin, Eagles Gin, Seaman’s Schnapps, McDowell’s, 8PM Whisky, 8Hours, Action Bitter, One Man Squad, Hennessy, 501 Whisky, Royal Spark, Don Oscar’s Quevedo Red Wine, and Chelsea Dry Gin.

He said the couple who operated the factory had been arrested and handed over to Police for investigation and prosecution.

“A huge number of all the drinks were seized. Bottles, corks, labels, substances yet to be identified until after a proper test as well as other equipment used for the product of fake drinks were also seized.

“The operation was made possible by the collaboration between NAFDAC and the Directorate of State Services,” he said.

Iluyomade said the operations were in continuation of the agency’s mission to ensure that consumers of food and drink in the Southeast were  protected from harmful products, 

He advised the general public to be patient and painstakingly look out for the seal of quality on beverages whatever they wished to buy them.

According to him, NAFDAC remained committed to ensuring that the level of counterfeit products in markets and homes is reduced drastically for the safety of all consumers of these products.(NAN)

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