Connect with us

COVER

NDLEA Nabs Brazilian Returnee with Cocaine, Seizes London-bound Meth Consignments

Published

on

Share

By Gom Mirian, Abuja

A Brazilian returnee, Igwedum Uche Benson has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA), at the arrival hall of the Murtala Muhammed International Airport, Ikeja Lagos with pellets of cocaine concealed in his private part.

Mr. Femi Babafemi, the Director, Media & Advocacy, NDLEA in a statement yesterday, said Igwedum was nabbed at the Lagos airport on Monday, June 20 upon his arrival on Ethiopian Airlines from Sao Paulo, Brazil via Addis Ababa.

Babafemi said preliminary investigations reveal the suspect had swallowed 50 wraps of cocaine before departing Brazil and excreted 48 pellets in Addis Ababa where he handed them over to another person.

According to the statement, the suspect however claimed he was unable to excrete the remaining two wraps at the hotel room in Addis Ababa before boarding his flight but later excreted them in the aircraft restroom during the flight from Ethiopia to Lagos.

In the same vein, after three weeks of painstaking investigation and tracking, operatives of the MMIA command of NDLEA on Saturday night, 25th June arrested a drug kingpin, Onyekachi Chukwuma Macdonald behind attempts to export 40 parcels of Methamphetamine popularly called Mkpuru Mmiri locally to London, United Kingdom through the NAHCO export shed of the Lagos airport Onyekachi was arrested at Manacola estate, Alakuko area of Lagos at the weekend, three weeks after his Mkpuru Mmiri consignment weighing 2.05kilograms was intercepted at the airport and his freight agent, Peter Christopher Anikan arrested on 7th June.

During his interview, the suspect said he’s from Ahiazu, Mbaise Local Government Area of Imo state and had lived in Dubai, UAE for 10 years before returning to Nigeria in 2019.

He stated that after his return to Nigeria he opened a phone accessories shop in Sango Otta, Ogun state but the business collapsed.

 He then started sending cigarettes to London and decided to conceal the illicit drug in the consignment after advice by a friend.

Closely related is the seizure of another consignment of 2kg Mkpuru Mmiri at a courier house in Owerri, Imo state.

The cargo seized on Wednesday 22nd June had ankara and lace fabrics in which two cylindrical cellophanes containing the drug heading to Hong Kong were concealed.

Also at the Lagos airport, NDLEA operatives on Friday 24th June intercepted 500,000 tablets of Tramadol 225mg packed in 10 cartons and labeled Tramaking imported from Karachi, Pakistan on Emirates Airline.

The consignment weighing 407.60kg was seized during a joint examination with Customs and NAFDAC officials.

Same day, a Dubai, UAE-bound passenger, Alegbeleye Taiwo was arrested at the departure hall of the MMIA with 40 ampoules of pentazocine injection. The 21-year-old suspect claims he’s from Osun state.

Meanwhile, two kingpins behind the importation of two recent drug consignments from Canada concealed in vehicle containers through the Tincan seaport in Apapa, Lagos have been arrested by NDLEA operatives.

One of them, Gboyega Ayoola Elegbeji was arrested at his house, 14 Bakare Street, Idi Araba, Lagos on Wednesday 22nd June, for importing a 40ft container TRHU7874497 containing 33 parcels of cannabis indica (Colorado) weighing16.5kg. 

The second suspect, Sunday Joe Oyebola (aka Otunba) was arrested on Thursday 23rd June.

He’s linked to the importation of a 40ft container MEDU4389887 containing four vehicles used to conceal 290 parcels weighing 145kg cannabis indica (Colorado) from Montreal, Canada.

He had been on the run since March and had in the course of the investigation attempted to bribe officers with N10million to influence the case.

Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) commended the officers and men of the MMIA, Tincan, and Imo state Commands of the Agency for the drug seizures and arrests especially of those who thought they could evade the long arm of the law.

He encouraged them and their compatriots across other formations to intensify their efforts towards achieving set goals.

COVER

Nigeria’s Capital Market Key to Achieving $1trn Economy – FG

Published

on

Share

By Tony Obiechina, Abuja

Minister of Finance and Coordinating Minister of the Economy Wale Edun has emphasized the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a $1 trillion economy.Edun, who spoke at the Capital Market Committee (CMC) meeting, was represented by Minister of State for Finance; Dr.

Doris Uzoka-Anite highlighted the market’s transformation since 2015, with improvements in governance structures, new products and platforms, stronger regulatory environment, and growing investor participation.
According to the Minister, the Implementation of the Capital Market Master Plan (2015-2025), has been instrumental in increasing the market’s contribution to the national economy, developing a sophisticated market structure, and improving competitiveness.
Edun said the revised plan prioritizes digitalization, innovation, sustainability, inclusion, and capital formation, aligning with the broader economic reform agenda.He said the passage of the new act modernizes the legal and regulatory framework, streamlines enforcement mechanisms, and provides clarity on emerging areas such as digital assets and crowdfunding.On the challenges and opportunities inherent in the Act, the Minister said, it will help deepen market participation, as well as ensure regulatory coordination remains tight.On the government’s private sector innovation in creating the needed environment for businesses to thrive, the Minister noted that the government is committed to creating an enabling environment for private sector innovation to flourish within a fair and transparent environment.The Minister added that the market is expected to contribute to the economy, serving not only for capital raising but also as a vehicle for wealth creation, economic inclusion, and long-term national resilience.He explained that, with the Securities and Exchange Commission undertaking regulatory reforms, including joining the GBMC Network of IOSCO in promoting and implementing ISSB Standards amongst others, the domestic economy has recorded the fastest GDP growth in about a decade in 2024, driven by a strong fourth quarter and improved fiscal position.Earlier in his speech, the DG SEC, Dr. Emomotimi Agama, emphasized the Commission’s commitment to regulatory reforms and capital market growth.According to him the enactment of the Investment and Securities Act (ISA) 2025 marks the beginning of a transformative new era for the capital market.Agama highlighted the Commission’s efforts to deepen engagement with stakeholders, ensure widespread dissemination and understanding of the new law, and drive innovation and compliance.He also emphasized the importance of restoring investor confidence, bringing timely relief to aggrieved investors, and creating a platform for broad-based participation of Nigerians in wealth creation.The SEC boss noted that the Commission has constituted an implementation team to thoroughly engage with every provision of the ISA 2025 and set up a dedicated sensitization team to deepen public understanding of the new law. A podcast series has also been launched to simplify the ISA 2025 and make it accessible to all Nigerians.Agama highlighted the Nigerian capital market’s impressive performance in 2024, with the NGX All-Share Index increasing by 37.65% and market capitalization growing by 53.39%. He also noted the Commission’s efforts to enhance regulatory efficiency, promote market integrity, and protect investors.The SEC boss emphasized the importance of financial inclusion and investor education, citing the Commission’s initiatives to empower women, youth, and grassroots communities. He also highlighted the Commission’s commitment to technology-driven solutions, including the launch of an e-survey to assess emerging technology adoption in the Nigerian capital market.Agama concluded by emphasizing the Commission’s commitment to fostering growth, transparency, and sustainability in the capital market, and looking forward to fruitful deliberations at the meeting.The highlight of the CMC meeting was the unveiling of the ISA Act 2025 by the minister.

Continue Reading

COVER

FG Boosts Internet Access, Rolls out $2bn Fibre Network

Published

on

Share

By David Torough, Abuja

The Presidency on Monday said Nigeria’s Communications and Digital Economy sector attracted $191m in foreign direct investment in Q1 2024, a nine fold increase from $22m in Q1 2023.The Minister of Communications, Innovation and Digital Economy, Bosun Tijani disclosed this during an interview for an upcoming State House documentary marking President Tinubu’s second anniversary.

Special Adviser on Information and Strategy to the President, Bayo Onanuga, revealed in a statement yesterday titled; “Investment in Digital Economy Grows Ninefold, Rollout Of $2 Bn Fibre Optic Infrastructure Begins Q4: Bosun Tijani.
”Tijani highlighted the sector’s robust workforce development, driven by the three Million Technical Talent programme and revealed plans for a $2bn initiative to deploy 90,000 kilometres of fibre optic infrastructure nationwide, starting in Q4 2025.
“These foundational reforms, coupled with advancements in artificial intelligence and the startup ecosystem, have positioned Nigeria as a global leader in the digital economy,” Tijani stated.Comparing FDI inflows, he said, “In Q1 2023, the sector had about $22m; by Q1 2024, with this administration well underway, we reached $191m. The trend continued in Q2, increasing from $25m in 2023 to $114 m in 2024.”According to the minister, the 3MTT programme, launched in October 2023 to create a tech-savvy workforce, has already trained over 117,000 Nigerians in digital skills, surpassing its initial target of 30,000.“By last year, we had already moved that to over 117,000. With an additional 35,000 in training, the programme is nearing 10% of its 3 m goal. And in the rest of the time in office, we hope to reach three million,” he said.Regarding connectivity, Tijani announced that Project Bridge, focused on deploying 90,000 kilometres of fibre optic cable, will commence in the fourth quarter.“We are preparing a $2bn investment to ensure every Nigerian can access affordable, high-quality connectivity regardless of location. Increasing connectivity hubs by just 10 per cent could yield a 2.5 per cent GDP growth,” he said.Tijani celebrated Nigeria’s ranking among the world’s top 60 countries for AI readiness and developing a homegrown large language model.He also highlighted the launch of the AI Collective platform, supported by leading partners including Pierre Omidyar, Google, and Microsoft, to foster collaboration and innovation in artificial intelligence.For the first time in the country, the ministry has funded 55 academic researchers to explore technology applications in agriculture, healthcare, and education. In addition, N300m was invested in 10 startups using AI and blockchain to enhance agricultural productivity.On the Nigeria Startup House in San Francisco, an initiative targeting $5 billion in startup funding, Tijani said, “Our goal is to attract $5 billion in investments for Nigerian startups, supported by the Startup Pact and Trade Desk initiatives, which will connect local tech firms to global opportunities and government procurement.”Tijani revealed that over 500 government technologists have been trained in AI and Digital Public Infrastructure, and the groundbreaking Digital Economy Bill has passed its first reading in the National Assembly.To bridge rural connectivity gaps, the Minister projected that 7,000 telecom towers would be deployed, targeting 98 per cent nationwide coverage, adding that the Federal Executive Council had already approved the project.He described the progress on Right-of-Way issues as a game-changer for the country, revealing that 12 states in the federation have adopted zero-rated Right-of-Way policies.According to him, these efforts will support the National Broadband Plan’s goal of achieving 90% penetration by 2025, up from 48% in 2024.He projected the sector’s GDP contribution to rise from 16 per cent to 22 per cent, stating, “If a sector can increase its contribution by three to four per cent to the GDP, we’re about to see the economic growth we’ve not seen before. Technology allows us to bridge the gap between governments and the people.”Tijani said the government is not chasing quick wins. “The results we want to provide for Nigeria are long-lasting reforms that will transform our economy for generations to come”.

Continue Reading

COVER

Abbas Recommends Israel, Brazil, Vietnam Revenue Diversification Models

Published

on

Share

By David Torough, Abuja

Speaker of the House of Representatives, Hon. Abass Tajudeen, has declared that Nigeria’s heavy dependence on oil revenue would continue to leave its economy vulnerable, noting that agriculture remained the most viable alternative to achieving resilience.

Abass made the declaration in Abuja on Monday at a one day public hearing on some Bills seeking the establishment of agricultural colleges and institutions.
Represented by Chief Whip of the House, Hon. Ibrahim Isiaka, the Speaker said it was within this context that the establishment and expansion of Agricultural Research Institutions across the country are not only necessary but strategically urgent.He said Nigeria should “Emulate countries like Israel, Brazil, and Vietnam that have attained a significant leap in agro development by investing substantially in research and development.
”According to him, Brazil’s Embrapa, for instance, reengineered an infertile savannah into a global food hub, just as Vietnam’s targeted agricultural reforms pulled vast populations out of poverty, while Israel continues to innovate in arid-zone agriculture through technology-driven methods.Chairman of the House Committee on Agricultural and Institutions, Hon. Isiaq Abiodun Akinlade, recalled how in the 60s and 70s, the country was among the major exporters of agricultural produce such as cocoa, cotton, palm oil, and groundnuts.The lawmaker noted that Nigeria, with a population size of over 220 million and still growing, is desirous of more agricultural colleges and research institutions to help proffer solutions to issues, “namely climate change, insecurity, pest outbreaks, soil degradation, unskilled labourers, and livestock management.”

Continue Reading

Read Our ePaper

Top Stories

NEWS18 minutes ago

Mahmoud Pushes for More Investments in Primary Healthcare

ShareBy Laide Akinboade, Abuja The Federal Capital Territory (FCT) Minister of State, Dr. Mariya Mahmoud, has urged the three tiers...

NEWS31 minutes ago

Oyo to Host High-Level International Tourism Summit July

ShareFrom Anjorin Adeloye, Ibadan The Oyo State Government has announced the second edition of the International Tourism Summit Oyo State...

NEWS33 minutes ago

Edo Assembly Gets New Deputy Speaker

ShareFrom Joseph Ebi Kanjo, Benin A Member representing Orhionmwon East in the Edo House of Assembly, Osamwonyi Atu yesterday, emerged...

NEWS36 minutes ago

Enugu Police Operatives Arrest Native Doctor, Recover Firearms, Ammunition

ShareFrom Sylvia Udegbunam, Enugu Police operatives of the Enugu State Command attached to the Anti-Cultism Tactical Squad on May 15,...

NEWS39 minutes ago

FCT NUJ, Nizamiye Hospital Plan Free Medical Outreach

ShareBy Ubong Ukpong, Abuja Federal Capital Territory (FCT) Council of the Nigeria Union of Journalists (NUJ) in collaboration with Nizamiye...

NEWS42 minutes ago

Okpebholo Prioritises Security, Workers Welfare, Says Idahosa

ShareFrom Joseph Ebi Kanjo, Benin The deputy governor of Edo State, Dennis Idahosa has said that the Governor Monday Okpebholo-led...

NEWS45 minutes ago

Pastor Murders Four Children with Pestle in Enugu

ShareFrom Sylvia Udegbunam, Enugu Chairman of Igbo Eze South Local Government Area of Enugu State, Ferdinand Ukwueze has expressed outrage...

COVER49 minutes ago

Nigeria’s Capital Market Key to Achieving $1trn Economy – FG

ShareBy Tony Obiechina, Abuja Minister of Finance and Coordinating Minister of the Economy Wale Edun has emphasized the crucial role...

COVER52 minutes ago

FG Boosts Internet Access, Rolls out $2bn Fibre Network

Share By David Torough, Abuja The Presidency on Monday said Nigeria’s Communications and Digital Economy sector attracted $191m in foreign...

COVER56 minutes ago

Abbas Recommends Israel, Brazil, Vietnam Revenue Diversification Models

Share By David Torough, Abuja Speaker of the House of Representatives, Hon. Abass Tajudeen, has declared that Nigeria’s heavy dependence...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc