In a renewed clampdown on Naira vendors and sellers, Men of the Lagos Police command have arrested 8 suspects following what it described as its response to credible intelligence.
Lagos Police Public Relation Officer, Bala Elkana while confirming the arrest to Tbe page said ”acting on credible intelligence, Lagos State Police Command in collaboration with Central Bank of Nigeria and other sister security agencies raided markets within Ikeja and environ where Nigerian currency is illegally traded.”
According to him, the operation was carried out on Friday 12th and Saturday 13th July, 2019 with the identity of the suspects given as Adetoro Adijat 37 , Mahmoud Ayoola 42, Eze Madu 27,Olorunfunmi Shakirat 38, Akonji Julius 40, Olalekan Kadri 23,Akinsonya Abiodun 34,and Adeniyi Yetunde 30 years old.
They were arrested in connection with the crime. A cash sum of Two million, four hundred and forty thousand, five hundred and fifty Naira (#2,440,550.00) mint of different denominations, used in the illicit trade and other exhibits were recovered.
The Police spokesman informed that Investigation is ongoing to ascertain the source of the mints currency adding that the suspects will be charged to court under section 20 and 21 of the CBN Act 2007.
It is a punishable offence under the CBN Act, for any person or group of persons to hawk, sale or otherwise trade in the Naira notes, coins or any note issued by the Central Bank of Nigeria. Upon conviction the offenders will be liable to imprisonment for not less than six months or a fine not less than N50,000 or both.
The Police reiterates the need for the public to note that, acts of spraying the Naira notes at occasions, soiling and writing on the Naira, squeezing the Naira, as well as hawking and selling of the country’s currency notes, are abuses of the naira and are punishable by law.
The Command admonished that We all have a duty to protect the Naira as the currency forms part of the symbols of our national identity and thereby, appealed to the General Public to report any person or group of persons seen abusing the Naira to the Police or any law enforcement agency.
BUA SUGAR REFINERY LATEST: TRADE & INDUSTRIES MINISTER ADEBAYO REVERSES EARLIER DIRECTIVE ON SUGAR IMPORTATION FROM FREE TRADE ZONES INTO NIGERIA
Days after, sending out an earlier letter to the Minister of Finance, Zainab Ahmed prohibition the importation of sugar from free trade zones, in Nigeria, the Minister of Trade Industries and Investment, Adeniyi Adebayo has backtracked and reversed himself.
Adebayo, acting on a controversial petition written to him by the Chairman Dangote Industries Limited, Aliko Dangote and Chairman, Flour Mills of Nigeria PLC, Mr John Coumatros had written a letter which he copied the Managing Director Nigeria Ports Authority, Comptroller General of Nigeria Customs Service as well as the Secretary to the Government of the Federation prohibiting the importation of sugar from the country’s Free Trade Zones. This move was targeted at BUA sugar refinery as well as investments.
Recall that BUA Group Chairman, Samad Rabiu had reacted to the petition by revealing that his investments in sugar, especially the Port Harcourt project did not pose any threat to the country’s sugar policy. According to Samad Rabiu, his was project indeed, meant to checkmate arbitrary increase in prices and which will ultimately benefit the ordinary Nigerian on the street.
Curiously, some agencies of the Federal Government especially the NPA, had acted on the Minister’s directive by directing all Terminal operators to ensure strict compliance with the Minister’s order, despite a court injunction refraining not only the Ministry but all government agencies from disturbing it’s operations pending the determination of a suit filed by BUA group.
The move to disrupt BUA’s activities depsite the injunction clearly embarrassed the government, hence Adebayo’s quick reversal of his earlier stance and letter to the Finance Minister directing that the action be stopped.
As for Hadiza Bala Usman who was in a hurry to overlook the court order, she has since been suspended from office as the Managing Director of the Nigeria Ports Authority while an Acting CEO has been appointed in person of Mohammed Koko, the erstwhile Executive Director, Finance and Administration.
THE COMPLICITY OF NATIONAL SECURITY ADVISER IN CORRUPTION AND BANDITRY IN ZAMFARA STATE
During the 8-year reign of former Governor Abdulaziz Yari of Zamfara State , there is hardly a week the state is not in the news for either killings of scores of Zamfarans or kidnapping of them in large numbers. So bad it was during his tenure that the only presence of security is the escort services provided by security agents for workers on Yari’s farm.
It is despicable and rather unfortunate that a man who is battling to clear his name from many allegations of fraud and unprecedented corruption in Zamfara is seen flying around in a Nigerian Airforce Jet.
Mungono’s lackluster performance to rejig the security architecture which has led to breakdown of law and order has portrayed the Presidency in bad light as failing in its duty to provide security and welfare of its citizenry.
The approval of the use of NAF jet by Abdulaziz Yari which allegedly came from the office of the National Security Adviser further lent credence to the claims among Nigerians that the APC-led government is not serious about fighting corruption and insecurity.
Assuming without conceding that Yari facilitated the use of the aircraft on his own, one wonders an emergency situation that would warrant a former governor enjoying such luxury even when the allegations of corrupt enrichment is still hanging on his neck.
The National Security Adviser has yet again confirm the call for his removal over incompetence and that the reason for his call and advise for the declaration for a “No fly Zone” in Zamfara is unprofessional, partisan and may not be to secure the country as he would want people to believe.
By Hamid Shinkafi
Public affair analyst
Rural Resident Expresses Satisfaction On Jumia Service Delivery
At the current pace, there’s no denying the improved fortune of eCommerce in Africa. Even the most ardent doubters of eCommerce viability on the continent will accept that the online shopping business is gaining momentum on the continent, contrary to their forecast and expectations.
Major African markets like Nigeria and Kenya are improving their internet penetration while the number of mobile phone users is rising exponentially. This, in turn, is boosting the online market entrants in urban locations and gradually rubbing off on rural settlements.
As a result, the conversation around eCommerce in a major market like Nigeria has gravitated from doubts on feasibility and acceptance to quality of service delivery, customers expectations and satisfaction. With at least 87 e-commerce platforms in Nigeria, the online shopping community is increasing by the day with innovation and bespoke approaches to address the challenges of the market and meet customers expectations.
In the thick of this, some customers are already having a glimpse of what eCommerce offers at its peak, thanks to the effort of key market players. Iteshi Prince Izuchukwu, a businessman based in Rivers State said he likes shopping online because of the price slash. Based on his experience with several online shopping platforms, he was quick to acknowledge the extra effort of Africa’s market leader on its quality of service delivery. “Things I order include Television, Wristwatches and others. When I buy these items on Jumia, they deliver on time and in good condition,” he stated.
In today’s market where customers demand value for every penny spent, a well thought out packaging that meets the aesthetic taste of the customers can spell a huge impact on the eCommerce business. It can help reduce the volume and cost of return, foster customer loyalty and put the brand in the face of prospects. “I always feel happy when what I ordered is being delivered to me. And as a businessman, I want value for money which I can say I am getting on a platform like Jumia,” Izuchukwu said.
With continuous effort by eCommerce brands to meet customers’ quality, timely and packaging expectations in their service delivery, testimonials like this will go a long way in getting more people onboard the online shopping train.
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