The Ogun So-Safe Corps has apprehended three suspects for buying stolen transformer armoured cables worth N9.8m in OPIC Estate, Agbara, Ado-Odo/Ota Local Government Area of the state.

According to a statement issued by the State Commander, Soji Ganzallo, through the office of the Director of Information and Public Relations, Assistant Commander Moruf Yusuf, the suspects – Mansirina Usman (27), Janadu Ahyarn (20), and Husseni Abdullahi (20) – were arrested on Thursday, around 7pm.

Ganzallo said the arrest was made possible by the corps’ surveillance team, who acted on a tip-off that the stolen cables were being sold in the area.

“Before the arrest, information reached the corps that unknown thieves had vandalised and stolen transformer armoured cables worth N9.8m.

 
 

“The Area Commander, Assistant Commander Adeosun Adeniyi, and his team were tasked with bringing the perpetrators to justice within 48 hours,” the statement read.

Ganzallo explained that the suspects confessed to buying the stolen cables from Mustapha and one other person identified as Minister, who are currently at large.

“Usman bought 30kg of cable for N300,000, Ahyarn bought 25kg for N250,000, and Abdullahi bought 20kg for N200,000.

 

“The suspects had in their possession four off-cut armoured cables, N18,850 in cash, three Android phones, two wristwatches, and two unmarked TVS motorcycles,” it was added.

The three suspects and the items recovered have been transferred to the Nigeria Police Force, Agbara Divisional Headquarters for further investigation and likely prosecution.

Ganzallo commended the surveillance team for their swift action and reiterated the cops’ commitment to combating criminal activities in the state.

A 19-year-old lady has been arrested for conniving with her boyfriend to kidnap an elderly man in Edo state. 

 

Parading the suspect before newsmen, the state Commissioner of Police, CP Funsho Adegboye, said the lady who claims to be an undergraduate went with other members of the gang to the pastor's house and tricked him into opening his gate after feigning she was crying and is a wife to a member of his church.

 

‘’She was crying that she needed help from the pastor that they should please open the gate for her and that she is the wife of one of the church members. That is the lie she told the pastor. As soon as the pastor opened the door for her, other members of the kidnapping group hijacked the pastor at gunpoint and took the man away.''

The Commissioner cautioned parents to watch their children and wards and monitor what they do and the kind of friendships they keep.

‘’She saw one of the suspects giving the gun to her boyfriend. According to her, it was her boyfriend who lured her into this criminal activity. It is quite unfortunate that a 19-year-old girl! People should be careful''.

When interrogated, the suspect feigned ignorance of the crime and claimed she was forced to be part of the criminal activity.

No fewer than 20 travellers along the Sagamu-Ijebu-Ode Expressway were reportedly abducted by some gunmen at about 8 pm on Sunday while one of the victims was shot in the knee.

The gunmen were said to have ambushed the travellers between Sagamu Area Command of the Nigeria Police and Ilisan township.

The Chairman of Ilisan Development Council, Wemmy Osude, confirmed this to PUNCH Online.

Osude said one of the victims of the attack who is a resident of Ilisan Remo was already receiving medical attention at the Babcock University Teaching Hospital.

 

He said, “Information reaching me right now confirmed a kidnapping incident between the Area Command and Ilisan City Gate (formerly Delabo).

“A resident of Ilisan (name unconfirmed) was reportedly shot in the knee and is receiving medical attention at Babcock Teaching Hospital.

“Other victims were taken into the bush. While waiting for additional information, please contact your loved ones who may be plying that road at about this time to be cautious.”

 

Osude said that he had spoken to the resident of the town who was being treated at Babcock University Teaching Hospital and he was said to be in stable condition.

He added, “I have spoken to the Sagamu Area Commander about this incident, and hopefully, we trust that all the security agents will go after these criminals and rescue these people.”

This incident was preceded by the recent abduction of two others and the murder of Prof Yinka Olomojobi of Babcock University, Ilisan Remo, at the Ajadeh Event Centre, along Iperu-Sagamu Road, Iperu Remo, in the Ikenne Local Government area.

Olomojobi was a professor of human rights and gender law.

Efforts to get the reaction of the spokesperson for Ogun State Police Command, SP Omolola Odutola, were unsuccessful as calls put across to her line did not connect.

No fewer than 20 travellers along the Sagamu-Ijebu-Ode Expressway were reportedly abducted by some gunmen at about 8 pm on Sunday while one of the victims was shot in the knee.

The gunmen were said to have ambushed the travellers between Sagamu Area Command of the Nigeria Police and Ilisan township. 

The Chairman of Ilisan Development Council, Wemmy Osude, confirmed this to PUNCH Online.

Osude said one of the victims of the attack who is a resident of Ilisan Remo was already receiving medical attention at the Babcock University Teaching Hospital.

He said, “Information reaching me right now confirmed a kidnapping incident between the Area Command and Ilisan City Gate (formerly Delabo).

“A resident of Ilisan (name unconfirmed) was reportedly shot in the knee and is receiving medical attention at Babcock Teaching Hospital.

“Other victims were taken into the bush. While waiting for additional information, please contact your loved ones who may be plying that road at about this time to be cautious.”

Osude said that he had spoken to the resident of the town who was being treated at Babcock University Teaching Hospital and he was said to be in stable condition.

He added, “I have spoken to the Sagamu Area Commander about this incident, and hopefully, we trust that all the security agents will go after these criminals and rescue these people.”

This incident was preceded by the recent abduction of two others and the murder of Prof Yinka Olomojobi of Babcock University, Ilisan Remo, at the Ajadeh Event Centre, along Iperu-Sagamu Road, Iperu Remo, in the Ikenne Local Government area.

Olomojobi was a professor of human rights and gender law.

Confirming the abduction in a statement on Monday, the state Police Command, SP Omolola Odutola, said the kidnappers trailed a man to a rough patch of the road and blocked the victim’s vehicle before forcing him into their van.

Odutola said, “A group of armed individuals, without definite number, in their unregistered Venza Toyota car, trailed a man in his Toyota RAV4 Jeep, grey colour with license plate number – Lagos – AGL-16-JE, to a rough patch of the road, and blocked the victim’s vehicle.

“The criminals fired four rounds of ammunition believed to be from an AK-47 into the driver’s back tyre and another shot into the front tyre. Immediately, the hoodlums alighted from their vehicle and forced the driver of the Toyota Rav 4 into their waiting Venza Jeep, and sped off towards Ijebu-Ode.

“During the incident, the hoodlums also shot at the driver of a Toyota Camry car, black colour, with license plate number – Lagos – AAA-04-JB, inflicting injury on his left leg as he attempted a U-turn. Additionally, a bus driver travelling from Abuja to Lagos in the Ilisan area was stopped by criminals who smashed his bus’s windshield and took his mobile phone after warning him to be cautious as he was not their target.”

The police boss stated that the “injured driver has been promptly taken to Babcock University Teaching Hospital in Ilisan for treatment and is currently responding to treatment.”

 

She added that there was no casualty during the incident, noting that two vehicles were damaged.

“No lives were lost but the two vehicles damaged by the fleeing suspects have been towed to the station.”

She said the Commissioner of Police has been briefed and has detailed the Anti Kidnapping unit to take up the investigation.

Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), has set up a disciplinary team to probe two officers of the agency.

The officers were seen in a viral video “manhandling a female worker” at the Regional Hotel in Ojo, Lagos.

The operatives reportedly invaded the hotel in the early hours of June 27.

Olukoyede had ordered the arrest of the officers on Thursday, while promising a detailed investigation of the incident.

In a statement on Sunday, Dele Oyewale, EFCC spokesperson, said the operatives will appear before the panel on Monday.

He said members of the investigative team are drawn from the promotion and disciplinary committee and the department of ethics and integrity.

“Mr Ola Olukoyede has raised a Disciplinary Team to look into the case of two errant officers of the Commission who allegedly assaulted a female staff of Regional Hotel, Ojo, Lagos,” the statement reads.

Oyewale said the team will recommend appropriate measures.

The statement added that “no stone will be left unturned in getting the officers to account for their unprofessional conduct”.

Ecuador ground out a nerve-jangling 0-0 draw with Mexico to book their place in the quarter-finals of the Copa America on Sunday as Venezuela sealed top spot in Group B with a 3-0 win over Jamaica.

Ecuador, needing only a point against Mexico in Glendale, Arizona to advance on goal difference, withstood a furious late onslaught from ‘El Tri’ to reach the last eight.


Mexico launched wave after wave of attacks in the final quarter, with Johan Vasquez forcing a save from Ecuador goalkeeper Alexander Dominguez in the 71st minute, six minutes after Santiago Gimenez struck the post with a shot from close range.

There was almost a dramatic twist deep into eight minutes of time added on, when Guatemalan referee Mario Escobar awarded what would have been a winning penalty to Mexico after Ecuador’s Felix Torres appeared to foul Guillermo Martinez in the area.

The Mexican-dominated crowd erupted in delight only for the celebrations to be cut short when VAR instructed Escobar to review the decision.

Replays showed Torres clearly got a touch on the ball in his challenge on Martinez and the penalty was overturned.

Ecuador will now face Group A winners Argentina in the quarter-finals in Houston on Thursday.

Venezuela, meanwhile, will take on Group A runners-up Canada in Arlington on Friday as they chase a place in the semi-finals.

The Venezuelans, who were already assured of a quarter-final place after wins over Ecuador and Mexico, preserved their 100% record against winless Jamaica.

Eduard Bello headed Venezuela into the lead after 49 minutes, nodding home at the far post after a perfectly weighted cross from Jon Aramburu.


Veteran striker Salomon Rondon then doubled the Venezuela lead on 56 minutes, latching on to a through ball from Yangel Herrera and then smuggling a low finish into the net past advancing Jamaica goalkeeper Jahmali Waite.

Copa America: 'I won't watch any game or celebrate', Ronaldinho blasts Brazil's squad
A decisive victory was sealed in the 85th minute when Eric Ramirez was sent through on goal by Kervin Andrade before coolly finishing past Waite.

Spain came from a goal down to overcome Georgia 4-1 in the second round of the 2024 European Championship. 

Goals from Rodri, Fabian Ruiz, Nico Williams and Dani Olmo turned the game against a spirited Georgia side that went ahead in the first half via an own goal at the Cologne stadium on Sunday.

Coming off a historic 2-0 win over Portugal in the group stage, Georgia were on the back foot but took the lead fortuitously in the 18th minute when Robin Le Normand diverted a dangerous cross into his team’s goal.

Spain, the only team with immaculate performance in the competition, restored parity 20 minutes later through a Rodri’s curler into the bottom corner, ensuring both nations went into the interval level.

La Furia Roja took the lead six minutes after the interval through Ruiz’s header from Lamine Yamal’s cross, before the electric Williams left a player for dead before slamming a shot into the top corner for 3-1 on 75 minutes.

Olmo added more gloss to the victory seven minutes from time with an identical goal to Spain’s first.

Spain will face hosts Germany in the last-eight round on Friday, July 5.

 

On the other hand, England required a last-gasp Jude Bellingham acrobatic-kick equaliser to force extra time before Harry Kane’s header won it for the Three Lions in their 2-1 win over Slovakia.

Saved from embarrassment, Gareth Southgate’s side will face Switzerland in the quarter-final.

A rice farmer identified as Taiwo Paul has been murdered by some suspected herders in the Kata Area of Ewekoro Local Government of Ogun State.

PUNCH Metro further gathered that while Paul was allegedly hacked to death by the suspects at his rice plantation in the community, another farmer identified as Peter Danjuma died of electrocution in the Isoyin area of Atan-Ijebu.

The state Police Command confirmed the two deaths in separate telephone conversations with PUNCH Metro on Saturday.

Our correspondent gathered that 26-year-old Paul was found battling for his life in a pool of blood on Thursday after he was allegedly attacked by the suspects.


The spokesperson for the command, Omolola Odutola, told our correspondent that the rice farmer had left his house at Yobo Village to check the crops owing to suspicions of some herders who they suspected had been roaming the area in the past.

When Paul did not return home on time, our correspondent learnt that his twin brother, Kehinde, went to the rice farm to look for him.

PUNCH Metro learnt that Kehinde heard a faint groan from a distance and discovered his twin brother dying in a pool of his blood, bleeding uncontrollably from severe cuts on his hands and right leg.

PUNCH Metro further gathered that all efforts by the deceased’s brother and other villagers to rush Paul to the General Hospital in Ifo failed, as the victim reportedly died on the way.

Odutola further stated that a doctor on duty at the hospital confirmed Paul’s death on arrival.

She noted that a preliminary investigation had begun to apprehend the perpetrators of the heinous crime.

She said, “Detectives from Ewekoro Police Division have visited the crime scene and the hospital for assessment, and photographs have been taken. The deceased’s body was later released to the family for burial.

“Preliminary investigations are ongoing to apprehend the perpetrators, and the case will be transferred to the State Crime Investigation Department at Eleweran for further discreet investigation.”

Meanwhile, another farmer in the Isoyin area, identified simply as Danjuma, was electrocuted to death on Friday morning while feeding birds at a poultry farm.

PUNCH Metro also learnt that he was rushed to the General Hospital in Ijebu-Ode, where a doctor on duty confirmed him dead.


“The detectives of the Atan-Ijebu Police Division have visited the scene of the incident, and photographs were taken.”

Story Highlights 

  • Nigerian states have experienced a dramatic 123% increase in external debt servicing in the first four months of 2024, reaching N96.52 billion compared to N43.31 billion in 2023. 
  • This surge reflects heightened borrowing costs amid currency depreciation, significantly impacting state budgets and fiscal health. 
  • Lagos and Cross River states have seen substantial increases, with Cross River’s debt servicing cost rising by 302%, as states seek relief from rising debt repayment costs. 

Nigerian states have witnessed a significant surge in their external debt servicing obligations, marking a 123% increase in the first four months of 2024 compared to the same period in 2023. 

According to an analysis of Federal Account Allocation Committee (FAAC) data from the National Bureau of Statistics (NBS), total external debt service payments for January to April 2024 reached N96.52 billion, a substantial rise from N43.31 billion in the corresponding period of the previous year. 

In 2023, external debt servicing costs amounted to N120.01 billion, reflecting a 54% increase from the N78 billion deducted in 2022. Notably, 80.4% of what was spent on servicing external debt in 2023 has already been expended in the first four months of 2024, which is 124% more than the total for 2022. 

 

This dramatic increase highlights the heightened borrowing costs among states, potentially impacting revenue and capital budget allocations. 

What the data is saying 

The data shows that states have moved from spending around N9 billion to over N20 billion monthly, which is more than doubled debt service cost likely due to the naira devaluation.

Also, the debt service payments have moved from a relatively stable amount monthly in 2023 to unpredictable amounts by 2024, reflecting the volatility in the Nigerian foreign exchange market. 

  • In January 2024, Nigerian states spent N9.88 billion on external debt servicing, a decrease from N13.67 billion in January 2023. This reduction of 27.7% suggests that some states may have less debt service obligations for this month. Also, the exchange rate traded majorly between N830/$1 and N1,000/$1, which was the lowest range within the period analyzed in this report. It appears that the exchange rate factor was yet to be felt in the first month of 2024, as the amount deducted is the same as the average monthly amount deducted for most of 2023. 
  • By February 2024, debt servicing payments soared to N24.53 billion, a 148.2% increase from N9.88 billion in February 2023. This sharp rise highlights the possibility of currency depreciation impacting repayment costs. Such a leap indicates heightened financial pressures on state budgets. 
  • March 2024 saw the highest expenditure on debt servicing at N40.41 billion, marking a 309.1% increase compared to March 2023’s N9.88 billion. This dramatic escalation could be attributed to higher maturing debt obligations at the end of a quarter. 
  • In April 2024, while there was a reduction to N21.70 billion from the March peak, this amount still represented a 119.6% increase over April 2023’s N9.88 billion. The decrease from March may reflect completed debt cycles, yet the continued high levels highlight ongoing financial burdens. 

Most hit States 

  • Lagos State, the economic hub of Nigeria, remains the largest contributor to external debt payments, with expenditures totalling N22.01 billion, a substantial rise from N11.60 billion the previous year, a 90% increase in its debt servicing obligations.  
  • However, Cross River State experienced the most significant increase, with a staggering 302% rise in external debt servicing, climbing to N5.33 billion from N1.33 billion.  
  • Following closely, Kaduna State saw a 132% increase in its debt servicing costs. Kaduna State stands out with an increase to N16.04 billion from N6.91 billion in the previous year. It is, therefore, not surprising that Kaduna State Governor, Uba Sani, recently lamented the huge debt inherited from his predecessor. Sani said the state is now left with a few amounts, not enough to pay salary. The governor noted that the huge debt burden was eating deep into the state’s Federal Allocation, adding that due to the rise in the exchange rate, he was paying back almost triple what was borrowed by the administration of Nasir El-Rufai. 
  • Meanwhile, states like Bauchi and Ogun saw their debt servicing costs more than double, emphasizing the broad impact of rising debt obligations across various regions.  Bauchi State recorded an 88% increase in its debt servicing costs, rising from N2.32 billion in 2023 to N4.36 billion in 2024. Ogun State reported an increase of 196% in its external debt servicing payments, jumping from N1.00 billion in 2023 to N2.96 billion in 2024. 

This jump points to an expanding debt burden, emphasizing the importance of prudent financial management to safeguard the state’s economic prospects and maintain fiscal health. These states, with their notable increases in debt servicing, face the challenge of balancing their financial obligations with the need to invest in essential services and infrastructure.  

What you should know 

Nairametrics earlier reported that at least three Nigerian states Ekiti, Cross River, and Ogun have expressed concerns over the rising costs of foreign debt service due to severe foreign exchange volatility.

One of the states called for a possible suspension of the debt repayment for multilateral loans to ease their cash flow. 

The Commissioner of Finance of Ekiti State, Akintunde Oyebode, noted that the financial strain caused by rising exchange rates has escalated the costs of foreign debt repayments. Oyebode also noted that significant deductions from the statutory revenue for savings have drastically reduced state balances. 

Similarly, the Commissioner of Finance of Cross River State, Michael Odere, expressed fears about the state’s ability to fund capital projects due to reduced revenues.

He suggested a suspension of certain deductions, including those for multilateral loan repayments, especially when distributable revenue is low. 

Nairametrics recently reported that the naira value of the total external debt of Nigeria’s 36 states and Federal Capital Territory (FCT) increased by 23.76% from N3.350 trillion to N4.146 trillion between June 2023 and December 2023. 

Ekiti, Cross River, and Ogun are among the top 10 Nigerian states with the highest foreign debt stock as of December 31, 2023. There is no data from the Debt Management Office (DMO) on states’ external debt for the first quarter 2024. 

As states struggle with increasing debt servicing costs, they have been working to decrease their debt stock. In Q1 2024, states’ total domestic debt dropped by 31% from N5.86 trillion in Q4 2023 to N4.07 trillion and by 26% from N5.48 trillion in Q1 2023. 

However, the marked increase in external debt servicing raises concerns about the fiscal health of Nigerian states. The need for prudent debt management and economic reforms has become more pressing, as rising debt costs could divert funds from critical sectors like health and education. 

[Nairametrics]

The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that some customers have not been paid their insured deposits because of the discrepancies in their information.

The Managing Director of NDIC, Bello Hassan, told newsmen in Abuja on Sunday that account names discrepancies in Bank Verification Number (BVN) is delaying the payment.

 

According to him, the corporation had paid substantial amount to depositors of the defunct bank without BVN account linked issues.

Hassan subsequently urged depositors of the bank who were yet to receive their insured deposit credit alert to visit the NDIC’s website and complete their verification forms for their payment.

The managing director said the verification would also include depositors without BVN alternate account.

He said, ”We have already commenced the payment of customers since June 6. We have paid substantial amount to the customers.”

”What we leverage in making the payment is BVN of customers. We trace alternate accounts in other banks and pay them their insured amounts.

“There are some that we have challenges linking up because of some discrepancies between the names and others.

“We are calling on customers that have not received their alerts in their alternate accounts to come forward and complete their verification forms so that we can pay them.”

On payment of depositors with more than five million naira with the bank, Hassan said they would be paid liquidation dividend.

According to him, NDIC has already commenced the process of disposing the physical buildings and also set the process in motion to make sure that they recover the loans and advances that were granted the bank.

That is what we use in paying those liquidation dividends. We are not going to wait until we recover everything, no.

“As we recover, we will also advertise to say that we will pay liquidation dividends so that concerned depositors will be on the look out for alerts in their accounts,” Hassan added.

[NaijaNews]

Chinze Ojobo, a distinguished contemporary Nigerian artist with over 25 years of experience, recently captivated art enthusiasts and collectors with her groundbreaking exhibition at the prestigious Thames Side Studios in the Royal Borough of Greenwich, London.

Chinze, a Fine and Applied Arts graduate from the University of Nigeria, Nsukka, showcased her profound artistic talent through various mediums, including acrylic on carved wood, acrylic on canvas, acrylic on Ankara cloth, and found objects. Her diverse range of works showcased her versatility and creativity as an artist.

The exhibition, which took place between June 15-16, 2024, was a resounding success, drawing art lovers from all walks of life. Chinze’s open studio allowed visitors to witness her latest creations firsthand, providing an immersive experience that left a lasting impression.

Under the theme, “Melting Boundaries,” Chinze’s exhibition shed light on the pressing challenges of climate change, particularly the alarming rise in displaced populations in Africa and around the world due to desert encroachment, flooding, and the hazardous effects of global carbon emissions. Chinze urged society to unite and address these urgent environmental issues through her art.

Her thought-provoking paintings served as a visual narrative, capturing the devastating consequences of climate change and the human struggle against its relentless force. With a deep understanding of the power of art to convey messages, Chinze’s creations evoked emotions, pushing viewers to contemplate the urgency of the climate crisis and the need for immediate action.

Speaking at the exhibition, she emphasised the importance of raising awareness about climate change and its impact on vulnerable communities. She called for a concerted effort from individuals, governments, and organisations to address the pressing issues of global warming, deforestation, and carbon emissions.

 

Art critics praised the exhibition and commended Chinze’s ability to merge artistic expression with social commentary. Her work was a powerful catalyst for change, encouraging viewers to reflect on their role in preserving the environment and taking steps towards a sustainable future.

As Ojobo’s exhibition came to a close, it left an indelible mark on the art world and the collective consciousness of those who had the privilege of experiencing it. Through her poignant and evocative creations, Chinze Ojobo succeeded in reminding us of our responsibility to protect our planet and create a better world for future generations.

Chinze has exhibited her works in various cities worldwide, including the New York Art Expo, London, Paris, Jo’burg, Plovdiv, Bulgaria, Los Angeles, Washington, DC, Lagos, and Abuja.

[Leadership]