Curator

http://ift.tt/eA8V8J A FTER a hand-to-hand combat with kidnappers in Avu Forest near Owerri, in Owerri West Local Government Area yesterday, men of Imo State Police Command rescued three victims tied to trees. The three unidentified people were abducted on May 6. Seven of the suspected kidnappers were captured in the operation, coordinated by the Imo Commissioner of Police, Mr. Chris Ezike. Spokesman of the Command, Mr. Andrew Enwerem, disclosed that the bandits were over-powered by operatives of the Anti-kidnapping Unit of the command inside the forest. He said that the operatives came face-to-face with the abductors in the forest, where they were holding their three victims tied up on trees. Enwerem said that after a hand-to-hand encounter with the kidnappers, the victims were untied and released unhurt. According to him, the police commissioner has directed a mop-up operation in the forest and other hot spots in Owerri. He assured residents of Imo that the police were commi...

http://ift.tt/eA8V8J Bid to hijack marine police gunboats foiled By Chioma Onuegbu OKU-IBOKU—COMMUNITY leaders and residents of Oku Iboku, Itu Local Government Area, Akwa Ibom State, have denied an allegation by villagers of neighbouring Ubamat Okoyong community Odukpani Local Government, Area, Cross River State that armed men from the town threatened and attacked them for harbouring Ikot Offiong people, reportedly embroiled in a land dispute with Oku-Iboku. The community leaders, who responded to the claim by Ubambat Okoyong residents in our last edition that they were under siege by armed men from Oku Iboku for offering shelter to Ikot Offiong people, described the allegations as unfounded and false. Govt should investigate allegations – Ekpema Youth leader of Ikot Atuen in Oku Iboku, Idongesit Ekpema, asserted: “Ubambat Okoyong people lied against us because we have never attacked or invaded that community. Relief materials and money “I think that they are only trying to cap...

http://ift.tt/eA8V8J by Kingsley Adegboye I T is no longer news that Lagos state government has signed into Law the Lagos State Property Protection Law, a law that has put a stop to the unwholesome activities of land grabbers (Omo-Onile). What is new however, is the creation of a special Task Force on land grabbers by the state government to further stem down the nefarious act and repose the desired and deserved confidence of the people in the present administration with the commencement of the implementation of Section 89-92 of the Lagos State Land Registration Law, which aims at registering all authorized family land representatives in Lagos State. The task force is headed by the state Attorney-General and Commissioner for Justice, as Chairman and the Permanent Secretary (Lands Bureau) as Vice Chairman, which is ultimately one of the services being rendered by the Land Registry, is to register family representatives who have the exclusive rights of dealing in family lands. Maki...

http://ift.tt/eA8V8J By Chris Ochayi T HE Managing Director,Federal Mortgage Bank of Nigeria FMBN, Arc. Ahmed Musa Dangiwa, has said that meeting the affordable mass housing needs of Nigeria remains a major challenge, with estimated 17 million housing deficit in the country, which is anticipated to cost almost N60 trillion. Dangiwa who made this disclosure in Abuja during the handing over ceremony of the affairs of the bank to him and his team by the former acting MD of FMBN, Mr. Richard Esin, noted that the administration will also develop a well functioning mortgage finance market that is able to attract large, long-term local and foreign investments needed to promote a vibrant, competitive, innovative and sustainable housing market  driven primarily by private sector and public-private partnership, PPP, with FMBN acting as a facilitator, regulator and enabler. He said that innovative solutions must be put in place to bridge this large gap by the apex mortgage bank and by ex...

http://ift.tt/eA8V8J By Adaeze Okechukwu A  BANK overdraft  is a temporary loan banks give  to individual and corporate account holders  that enable them withdraw funds above the balance available in the account. Thus,  an overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover the withdrawal. However, there is usually a limit on the amount that can be overdrawn from the account. The  overdraft  limit is usually set by the bank  based on the amount of  working capital (the cash available for the company’s day-to-day operations) and credit worthiness (the ability of the borrower to honour the agreed debt obligation) of the borrower. It is worth noting that the borrower is charged an interest  based on the amount overdrawn and the period of time overdrawn. When do you need a bank overdraft? An overdraft can be the solution when  the bills are due,  money is...

http://ift.tt/eA8V8J By Dele Sobowale Failures are divided into two classes; those who thought and never did and those who did and never thought.” John C. Salak, VANGUARD BOOK OF QUOTATIONS, VBQ p 54) ON May 29, 2017, the Buhari administration will be two years old; that means it would have reached the half-way mark of its four-year tenure. Nigerians should, right now, disregard those crack-pots talking about second term. The focus should be on mid-term assessment. Plainly asked it comes down to: What has been achieved in the two years under Buhari? Put another way: “Are we better off now than in 2015? Before proceeding however, let me share the thoughts of a Professor of Communications, in the US in 1970. According to him, any organization, public or private can be judged by how much of its report announces positive achievements and how much is devoted to explaining failures. Spokes persons for the Buhari administration have spent the better part of the last two years explaining ...

http://ift.tt/eA8V8J Ikeja Electric occupies a prime position in electricity distribution in Nigeria, being host of the most industrialized part of the country. The Acting Managing Director/Chief Executive Officer, Mr. Anthony Youdeowei , in this interview with Sebastine Obasi, Ediri Ejoh and Prince Okafor , talks about the intricacies involved in supplying electricity to the various customers of the distribution company. Excerpts. D ISCOs are said to be owed billions of Naira. How much is the industry total and Ikeja Electric’s. What is the distribution between private and public sector and what efforts are being made to recover the debt? The amount of money owed can be split into two; what customers owe and what Ministries, Departments and Agencies, MDAs, owe. What customers owe is for the electricity distribution companies (DISCOs) to go and collect that money. What the MDAs owe, yes it is the duty of the DISCOs to collect that money but the source of the money is government. T...