BUSINESS
NDLEA Nab Brazilian Returnee with 92 Wraps of Cocaine at Abuja Airport
Operatives of the National Drug Lsw Enforcement Agency, NDLEA have arrested a Brazilian returnee and father of two, Okolie Paulinus Nwabueze at the Nnamdi Azikiwe International Airport, NAIA, Abuja for importing Ninety Two (92) wraps of cocaine, which he ingested and eventually excreted after days under observation in the Agency’s facility.
The 53-year-old trafficker who hails from Mmaku village, Awgu Local Government Area of Enugu State was arrested on Friday 2nd September upon his arrival on Qatar Airline flight enroute Brazil-Doha-Abuja.
According to a statement by Spokesman of NDLEA, Femi Babafemi, “Nwabueze claimed he have left Nigeria to Mozambique in 2004 and finally relocated to Brazil in 2017, where he obtained a residence permit before deciding to import the illicit substance for a $4,000 fee”.
In the same vein, a 42-year-old man, Aliyu Bello Kwasare, has been arrested at the Mallam Aminu Kano International Airport, MAKIA, Kano, for attempting to export a consignment of new psychoactive substance, Akuskura, to Saudi Arabia.
The indigene of Kware LGA, Sokoto, who lives in Goron Dutse area of Kano, was arrested on Monday 5th Sept. during the outward clearance of passengers on Ethiopian Airline flight to Riyadh.
At the Murtala Muhammed International Airport, MMIA, Ikeja Lagos, no fewer than One Million and Ninety Nine Thousand (1,099,000) tablets of Tramadol 225mg have been seized through inter-agency collaboration between NDLEA and the Nigerian Customs.
The pharmaceutical opioids packed in 50 cartons weighing 2,058.90kg, were imported from Pakistan via Addis-Ababa on Ethiopian Airways. The consignment was concealed among other non-controlled pharmaceuticals.
Also, a freight agent, Aliyu Abubakar was on Friday 9th Sept. arrested at the NAHCO export shed of the airport over attempt to export a consignment of cannabis concealed inside bottles of Caro white body lotion.
Meanwhile, attempts by drug cartels to export 7.805 kilograms of crystal methamphetamine to the United States and Australia have been thwarted by NDLEA operatives attached to some courier companies in Lagos.
The meth consignments were concealed in the linings of local fabric, wooden statutes, printer cartridges, handle of travel bag and cassava flakes.
From other parts of the country, a 25-year-old pregnant woman, Haruna Favour, was arrested in Auchi, Edo state on Friday 9th Sept with 82 pinches of methamphetamine as well as various quantities of Loud, Arizona, Colorado variants of cannabis and codeine based cough syrup.
In Gombe, One Hundred and Nineteen Thousand (119,000) tablets and capsules of tramadol, D5 and Exol5 were recovered from two drug dealers, Nasiru Abubakar, 22, and Umaru Bayero a.k.a Hadiza when NDLEA operatives raided their stores at the Gombe main market on Tuesday 6th Sept.
In Kogi, a suspect, Paul Ali, 47, was arrested along Okene-Abuja highway with 1,404 bottles of Codeine based syrup weighing 190.94kg and 2,040 ampoules of pentazocine injection coming from Onitsha to Sokoto.
A follow up operation in Sokoto has also led to the arrest of the receiver of the consignment on Tuesday 6th Sept.
A raid at the cannabis plantation camp in Emure forest, Owo LGA, Ondo State has led to the arrest of Monday Onoja, 20; Daniel Kehinde, 25; and Obinna Okechukwu, 35, where sixteen (16) bags of the illicit substance weighing 179.5kg were seized from them.
Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) in his reaction to the arrests and seizures, commended the officers and men of the NAIA, MMIA, DOGI, MAKIA, Kano, Kogi, Edo, Ondo and Gombe Commands for their resilience.
He charged them and their compatriots in other commands to remain focussed and vigilant in their areas of responsibility.
Economy
Investors Gain N183bn on NGX
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
Economy
Yuan Weakens to 7.1870 Against Dollar
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)Economy
Bring Kaduna Refinery Back into Operation, Youth Group Urges NNPCL
Arewa Youths Initiative for Energy Reforms (AYIFER), has urged Nigeria National Petroleum Corporation Limited (NNPCL) to do everything possible to bring Kaduna Refinery back into operation.
National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja.
Al’Amin specifically called on the Chief Executive Officer of NNPCL, Mallam Mele Kyari, to do all within his powers to rejuvenate the refinery and bring it up to global standard.
He said that having delivered the Port Harcourt refinery, coupled with the establishment of Dangote Refinery in Lagos, attention should be shifted to Kaduna refinery for easy spread of petroleum products.
“We are calling on Malam Mele Kyari to expedite action on Kaduna refinery so we can be at par with other regions in the country.
“We equally beg the NNPCL to do professional work in rehabilitating the old refinery and deliver a standard and functional petrochemical refinery and not a blending plant.
“Kyari should resist any temptation that could make him do something that can jeopardise his good image,” he said.
Al’Amin said that since the extinction of groundnut pyramid and textiles in Kano State as well as PAN in Kaduna State and with the Kaduna refinery getting moribund, a lot of youths had lost their jobs.
According to him, all their hopes in the north are tied to the legacy refinery, expressing the hope that God would use Kyari to deliver it well and on time.
He said that the group was solidly behind NNPCL in prayer and would be ready to celebrate the company if its expectations were met. (NAN)