NEWS
No Fatalities Damage as Fire Guts CBN Makurdi Branch

From David Torough, Makurdi
The Makurdi branch of the Central Bank of Nigeria (CBN), in the early hours of yesterday was gutted by fire.
Those, who thronged the premises, including newsmen were denied access into the facility by security personnel.
The fire incident, which started around 7:AM, was quickly put off by men of the Federal Fire Service, who were alerted by security men on duty.
A source told DAILY ASSET that the fire started from the power section of the Bank, and did not affect other sections, saying that the fire could be a result of technical fault.
“The fire started from the power house and the security quickly called the fire fighters who came and put it off, it does not escalate to the main building,” the source said.
Staff of the Bank were seen discussing the incident at the time of filling this report.
The Central Bank of Nigeria (CBN) headquarter in Abuja, later issued a statement, saying, there were no fatalities in the fire incident, which started from the fuel dump behind the branch building.
The statement, which was signed by the CBN Director of Corporate Communication, Osita Nwanisobi, added that the prompt response of Bank’s security and facility management units, as well as support from the Benue State Fire Service helped fight the fire and prevented any damage the fire might have caused to the main office building.
“Fortunately, there were no fatalities and the affected site has been condoned off for further investigation. Normal work has also continued at the branch,” the statement added.
In an interview, the Director General, Benue Fire Service, Engr. Ikyaaza Donald explains: “I was not there anyway but from the information I have gathered, some called me that there was fire at the central bank so I quickly called my fire men. They came and quenched the fire but what I have gathered from the people in the central bank is that they told me that there was an explosion and nothing more than that.
“They came out and saw how it happened, it was a terrible one, in fact, there was a very serious fire and they had to put it off. When I got there, the tank was buried under the ground, the tank that stores diesel. To my thinking, it is the accumulated pressure in the tank that caused the explosion, probably the vent that supposed to ease the pressure was blocked somewhere along the pipe.
“Otherwise it is supposed to be releasing the pressure once in awhile otherwise if the pressure is too much, it explodes the tank. That is what I think caused the explosion otherwise tank can’t just explode like that, so there is built-up pressure inside the tank. He said.
On the allegation that it was the generator that caused the fire, that Director said, “it was not the generator, it was not near where the money was stored, it was just the area where they buried the tank under the ground. You know they buried the tank in the ground and put slaps on top, so when the explosion happened, it exploded and opened but it was just within the tank. All our fire vehicles were on ground”.
He appreciated Governor Samuel Ortom for providing fire fighting equipments for the service.
“We thank his Excellency for this work because if he is not doing it well, we wouldn’t have quenched this fire, all our vehicles were there before we were able to put off the fire, it was a very serious fight, it was a very tensed fire, it was not just an ordinary one,” he said
Engr. Ikyaaza advised people to always seek professional advice before carrying a project.
“Just as our custom, when we finish a project, we don’t care to go back to do some necessary inspections and repairs. If you are installing a tank in the ground, there is usually a vent/place where you release the pressure, so, if you observed that the pressure is not released, if there is a built up pressure, it is dangerous. Once in a while, inspect and make that you release the pressure from the tank because major explosion that happen sometimes is the built up pressure within if it is not released can cause serious explosion so people should learn to invite professionals to save cost,” he said.
When contacted, Benue State Police Public Relations Officer, SP. Sewuese Anene said that the command received information about the incident from policemen on duty at the bank and swiftly deployed additional team to the scene to ensure orderliness, while fire fighters did their job.
NEWS
June 12: Tinubu, an Indisputable Beacon of Democracy – Rep. Onuigbo

Mr Sam Onuigbo, former House of Representatives member for Ikwuano/Umuahia South/North, says President Bola Tinubu remains an indisputable beacon of Nigeria’s democracy.
Onuigbo said this in an interview in Abuja on Tuesday, ahead of Nigeria’s commemoration of Democracy Day, slated for June 12.
He saluted President Tinubu’s bold and patriotic sacrifices during the days of National Democratic Coalition (NADECO), in the fight for democratic governance.
“Tinubu is an indisputable beacon of democracy. He joined NADECO in making sacrifices for Nigeria to restore democracy.
“In 1999, he was elected governor of Lagos State and he brought hope and transformation through democratic leadership and positioned the state as a mega city in the whole world,” he said.
The ex-rep, who is also member, representing South East in the North East Development Commission (NEDC), lauded Tinubu for sustaining Nigeria’s democracy.
According him, Tinubu sustained efforts in building blocks to build democratic platforms that benefitted other states of the nation.
Onuigbo said that Tinubu’s role in entrenching democratic tenets remained unequaled.
He commended Tinubu for working tirelessly to enthrone successive democratic governments not just at the state levels but at the Federal level.
“This is a man who worked for the emergence of President Muhammadu Buhari and some state governors and patiently waited till 2023 to ascend the presidency.”
Onuigbo, therefore, urged the southeast in particular, and Nigerians at large to ensure continuity by re-electing Tinubu , come 2027.
He expressed satisfaction with Tinubu’s economic reforms, saying they were hinged on enduring and long term effects.
Onuigbo, who reiterated the need for Tinubu’s re-election, said it was necessary for him to continue his good works.
He explained that removal of fuel subsidy is now yielding results with increased revenue being injected into the economy.
Onuigbo, particularly, expressed gratitude to Tinubu for creating the South East Development Commission (SEDC) aimed at addressing devastations of the civil war.
He described SEDC as a panacea to age long marginalisation of the southeast since after the civil war.
The lawmaker, however, advised the leadership of SEDC to judiciously manage their resources to develop the zone.
He said: “There is need to reposition our agriculture, need for integrated railway line for the entire southeast to boost commercial and entrepreneurial activities.” (NAN)
NEWS
ACCI Reiterates Commitment to Partnering FG, Stakeholders to Support SMEs Partnership

The Abuja Chamber of Commerce and Industry (ACCI) has reaffirmed its commitment to partnering with government and other relevant stakeholders to refine policies that support Small and Medium Enterprises (SMEs).Mr Agabaidu Jideani, Director-General of the ACCI disclosed this in an interview in Abuja on Monday.
Jideani said that the collaboration would enhance the SMEs by providing financial support through loans or grants, adding that such efforts can help them overcome financial challenges. He said that the partnership would expand businesses, thereby helping in refining policies that could support economic growth.“Abuja remains a vibrant hub and the ACCI is committed to partnering with the government to refine policies, support SMEs and drive inclusive growth.“Supporting the SMEs will help them expand into new markets and offer them valuable expertise and guidance to improve their operations.“By partnering with government and other relevant stakeholders, business can help refine policies that support economic growth, innovation and development,”he said.Jideani said that the partnership would also ensure that policies were practical, effective and beneficial to all stakeholders.Jideani said that the ACCI had strengthened its advocacy initiative driven by the chambers’ National Policy and Advocacy Centre (NPAC) through strategic partnership with various local and international organisations.He listed the organisations to include European Union, (EU) United Nations Development Programmes (UNDP), Small and Medium Enterprise Development Agency (SMEDAN), and the Ministry of Industry, Trade and Investments.He said that the partnership had advanced data protection and creative industry growth, thereby, safeguarding sensitive information from unauthorised access, and expanding and developing industries that focus on creative expression, innovation, and intellectual property.The director-general said that the chamber”s focus on SME insurance and gender-inclusive policies underscores it’s commitment to ensuring strong development.He said that the “SME Insurance” was insurance products and services designed specifically SMEs.“These insurance policies help SMEs to manage various risks, such as insurance coverage for losses due to business disruptions and protection against claims for damages or injuries,” he said.While assessing President Bola Tinubu’s two years administration on government policies and their impact on businesses and economic growth, Jideani said that the administration pursued ambitious reforms with positive intentions.He said that the administration, anchored on the “Renewed Hope” agenda, had addressed structural inefficiencies, boost private sector growth, and positioned Nigeria as a competitive economy.According to him, the policies have, however, produced mixed results, with notable achievements tempered by significant implementation challenges.“The administration’s policies have been driven by a commitment to fiscal discipline, market liberalisation, and infrastructure development. The reforms have delivered measurable gains,” he said. (NAN)NEWS
NAF Airstrikes Destroy Terrorists’ Enclaves in Lake Chad, Eliminate Scores

The Nigerian Air Force (NAF) says the Air Component of Operation Hadin Kai (OPHK), has destroyed major terrorist enclave used as a training ground, in Bukar Meram, on the southern flank of the Lake Chad region, Borno.This is contained in a statement by the Director, Public Relations and Information, NAF, Air Commodore Ehimen Ejodame, on Monday in Abuja.
Ejodame said the operation was conducted on Monday, following credible intelligence on the plan by the terrorists to attack Marte and Monguno communities. According to him, the airstrikes resulted in the neutralisation of several terrorists as well as the destruction of key logistics infrastructure, including supply vehicles, weapons storage sites, and makeshift shelters.“Battle Damage Assessment confirmed that the strike effectively disrupted imminent threats posed to the communities of Marte and Monguno, reinforcing NAF’s proactive posture in safeguarding civilian populations and critical territories.“The NAF remains resolute in its mandate to protect the sovereignty of the nation and ensure lasting peace and security across the Northeast and beyond,” he said. (NAN)