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Oko Oloyun: Police link killing to alleged fraud in his office

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This is one of the knots the police are trying to untie after their preliminary investigation into the murder of the Lagos based popular herbalist suggested that he  recently found out that the finances of his company had been tampered with by some of his staff.

Not long after the discovery, the  office  where the alleged fraud was committed was set on fire,the Oyo State Police Command said on Friday.

Yusuff was shot dead in an ambush on Thursday   by gunmen along the  Igboora – Eruwa road in Oyo State.

The police said they were already questioning some of the staff, and the   two police escorts who were travelling with him when he was shot.

The spokesman for the command, Olugbenga Fadeyi, a Superintendent of Police ( SP) said: “The Oyo State Police Commissioner,  Mr. Shina  Olukolu,  wishes to put the record straight on the most unfortunate death of  Alh. Fatai Yussuf a.k.a ‘Oko Oloyun’ on Thursday 23rd January, 2020.

“A report was received by the Divisional Police Officer, DPO Igbo-Ora that around Akeroro Area on the Abeokuta/Igbo-Ora/Iseyin road, the two-car convoy of the deceased was allegedly ambushed shortly after passing through five different Police Stop and Search teams along the route by yet to be identified assailants who fired at the moving vehicles on the road from the thick forest.

Two man armed escorts of policemen protecting the deceased engaged the assailants, but they managed to escape back into the forest after a single shot had hit the deceased who died later of his bullet injuries.

“However, an interesting twist to the story was that the deceased probably had earlier detected an alleged book keeping records fraud in his Lagos office which subsequently allegedly led to the burning/destruction of some financial/book keeping records.

“In addition to other possible motives, a plausible nexus is therefore being suspected between the fire incident and the attack on the deceased.

“Meanwhile, some of the staff and his two police escorts are being questioned by a team of crack detectives from the homicide section of State Criminal Investigation Department, SCID Iyaganku, Ibadan with a view of finding and apprehending the fleeing suspects who wreaked the heinous act.

“The Commissioner of Police therefore seizes this opportunity to appeal to any member of the public with credible information not to hesitate in passing same to the Oyo State Police Command to assist in the detection of the crime and apprehension of the offenders, while at the same time, assuring members of the public that the police is on top of the situation and working with other police formations/units to ensure that the directive of the Inspector General of Police, IGP M.A. Adamu,  to crack this case as quickly as possible is complied with to the letter. In addition, it is our resolve that no matter how long it takes, the Commissioner of Police promised to bring the culprits to justice within the shortest possible time.”

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Breaking : Panic as Abuja-Kaduna Train Derails

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A passenger train traveling from Abuja to Kaduna derailed on Tuesday morning, sparking panic among passengers and their families.

The incident reportedly occurred along the Kaduna corridor shortly after the train left Abuja around 11 a.m. on its way to Kaduna.

A passenger on board described the situation as “chaotic,” noting that people were “scrambling to safety in fear and confusion.”

The cause of the derailment remains unclear, but official confirmation indicates about six people sustained injuries, with no fatalities reported.

According to security sources, military personnel have been deployed to the scene to help evacuate stranded passengers.

The Nigerian Railway Corporation has issued a statement on the incident.

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Investing in Nigeria’s mining sector highly profitable, says Alake

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Nigeria, Japan seal deals to boost mining investment

The Minister of Solid Minerals Development, Dr. Dele Alake, has said any company that invests in Nigeria’s solid mineral sector will record good returns on its investment.

The minister described the nation’s mining sectors as highly profitable.

Alake said this in an audience with officials of the Japan Organisation for Metals and Energy Security (JOGMEC) on the sidelines of the ninth Tokyo International Conference for African Trade and Development (TICAD 9) in Yokohama, Japan.

Following the minister’s meetings, Nigeria and Japan expressed their readiness to align investment plans to unlock Nigeria’s vast mineral resources.

Alake assured Japanese investors that President Bola Ahmed Tinubu’s reforms, including subsidy removal, a stabilised exchange rate, and major rail, road, and waterway projects, have created a more enabling environment for businesses.

“In terms of economies of scale, producing and processing the critical minerals you need in Nigeria is cheaper and more profitable as the costs of production are lower,” he said.

The minister noted that recent electricity sector reforms would enable industries to generate and manage their own power supply.

He also assured Japanese mining companies of benefiting from tax holidays and duty waivers on equipment, while urging them to invest in local processing of minerals before export, in line with Nigeria’s value-addition policy.

The meetings also featured the Nigeria Solid Minerals Company (NSMC), represented by its CEO, Martins Imonitie. The NSMC, designed to take equity stakes in mining projects, is expected to serve as a trusted partner to strengthen investor confidence.

A statement yesterday in Abuja by Alake’s Special Adviser on Media, Kehinde Bamigbetan, said the meetings focused on attracting Japanese mining companies into Nigeria’s solid minerals sector.

According to the statement, the President of JOGMEC, Mr. Michio Daito, acknowledged Nigeria’s rich mineral deposits but stressed the need for more clarity on economic conditions before Japanese firms commit to large-scale investments.

Daito noted that some issues, such as power supply, tax incentives, labour, free trade zones, and infrastructure are critical to reducing investment risks.

Explaining that Japanese mining firms rely on JOGMEC to make investment decisions in foreign countries, the organisation’s president sought to have information on the state of infrastructure in Nigeria that supports mining.

Earlier engagements with Japanese trading giants, Mitsubishi Corporation, Sumitomo Corporation, and Mitsui & Company, had signaled growing interest in Nigeria’s mining industry, with final commitments expected after JOGMEC’s approval.

The meeting concluded with both parties agreeing to strengthen technical exchanges and foster direct collaboration between JOGMEC and NSMC to accelerate concrete investment outcomes.

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$2 billion Investment: Be part of our steady rise, Tinubu tells diaspora Nigerians

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The rise of Nigeria to its rightful place in the comity of nations has begun, the president declared yesterday.

President Bola Ahmed Tinubu assured Nigerians in the Diaspora that the country’s economy is stabilizing, opportunities are expanding, and reforms are yielding visible results.

He spoke during an interactive session with members of the Nigerian community in Japan.

The session was held on the sidelines of the ninth Tokyo International Conference on African Development (TICAD9).

The President said his administration is determined to reverse negative trends and make the country a land of prosperity for its citizens at home and abroad.

“All I want to do is assure you that things are stable, the economy is stabilized, the opportunity is immense, people are coming back, we are reversing the medical tourism in every way that we could, and I can give you the assurance we are seeing the beginning of Nigeria rising,” Tinubu said to an applause.

He reminded the Diaspora audience that while it is a personal right to remain abroad, the nation still depends on their input to achieve its developmental aspirations.

He said government’s priority is to create an environment where every citizen, home or abroad, can feel the positive impact of change.

“I am happy to listen to you for whatever. Happy to report to you that many of our people are coming back home. Yes, for economic reasons, some people might decide to stay away, it’s a fundamental right of the individual, but for the economic growth and opportunity that is available in Nigeria, don’t stay away. Your contribution is very much needed. If you stay away, who will build it?” the President asked.

Tinubu emphasized that his government is committed to creating an environment where every Nigerian can thrive, noting that governance is about “thinking and doing,” promoting unity, stability, and progress.

He urged Nigerians abroad to remain good ambassadors of their country and to reflect positively on its image, stressing that “poor comments and negative reflections will not help the growth of Nigeria.”

The Minister of State for Industry, Trade and Investment, John Enoh, who also addressed the gathering, highlighted the bold reforms undertaken by the Tinubu administration since its first day in office.

He recalled that the World Trade Organization’s Director-General, Dr. Ngozi Okonjo-Iweala, had recently commended Nigeria’s policy direction, describing the reforms as the foundation of future growth.

According to him, we have a President who is undoubted, who is focused, and who is pursuing the reforms that our country deserves.

Khalil Halilu, Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), reported that Nigeria is now witnessing accelerated technology transfer as a direct result of presidential policies.

He said that more than 1,000 applications had been received globally for investment in Nigeria’s technology and industrial sectors, with over $2 billion already committed and factories set to be established in partnership with Japanese firms.

From the private sector, Wale Tinubu, Group Chief Executive Officer of Oando Plc, praised the administration’s economic reforms, especially the liberalization of the exchange rate and removal of fuel subsidies.

He said these decisions had improved government revenues, boosted foreign investment, and spurred growth across sectors ranging from oil and gas to mining, telecommunications, and small enterprises.

“We’ve never experienced the closeness with government as we do today,” he remarked.

Also, Mrs. Florence Akinyemi Adeseke, Nigeria’s Chargé d’Affaires in Tokyo, hailed the contributions of Nigerians in Japan, particularly academics and professionals excelling in various fields.

She acknowledged the challenges posed by a few nationals in breach of immigration laws.

She described the meeting as an opportunity to strengthen bonds with the Diaspora community under Nigeria’s new foreign policy thrust.

The President of the Nigerian Union in Japan, Emeka Egbogota, welcomed Tinubu to the “Land of the Rising Sun” on behalf of the community, describing his presence at TICAD9 as a source of pride and unity.

He praised the President’s vision for a prosperous Nigeria driven by technology, entrepreneurship, and inclusive growth, pledging the community’s support for his administration’s agenda.

The interactive meeting ended with a renewed sense of partnership between the government and its citizens abroad, with President Tinubu reiterating his commitment to ensuring that every Nigerian has a role to play in the unfolding story of the country’s progress.

 

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