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Bag Of Semo N13,200 From N6,000, 12kg Cooking Gas N15,000: Market Survey

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A 12Kg bag of semo; flour made from maize used for making ‘swallow,’ now sells for N13, 200, as against N6, 000 for which it was sold around this time last year.

A 12kg of cooking gas sold for N7, 500 at the same time last year is now N15, 500, while 4kg of cooking gas which sold for N1200 now sells for N5,000.

In Ijebu, Ogun State, a bag of sachet water is now N620, thrice its former price. With a bag costing N620, one piece of sachet water sells for N30 in Ijebu.

Spiking prices of food predated Mr Tinubu’s government. However, Mr Tinubu’s sudden fuel subsidy removal and floating of the naira, which were lauded by experts as good policies, have seen petrol price jump from N145 to N630, shooting food prices up as the naira continue its freefall against the dollar, trading at N1,825 against a dollar on Tuesday.

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On Monday, Nigerians protested over skyrocketing food prices in Ibadan, Oyo State capital, chanting “Tinubu ole.” Similar protests had been held in Osun, Niger, Kano and Lagos states, Mr Tinubu’s home state, last week.

Over economic hardships in the country, the Nigerian Labour Congress announced a two-day nationwide protest scheduled for between February 27 and 28th.

However, the State Security Service has warned the NLC to shun its planned nationwide protest, claiming some elements were scheming to take advantage of the protest to cause a crisis and widespread violence.

Mr Tinubu, in response to public outcry on rising cost of food driven by inflation in the country, directed the Ministry of Agriculture and Food Security to release about 42,000 metric tonnes of grain, including maize, millet and garri.

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He also charged National Security Adviser, Nuhu Ribadu, State Security Service and the police to go after food hoarders, while the Nigerian Customs had announced plans to distribute confiscated food items to Nigeria to ameliorate hunger in the country.

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Police recover stolen SUV after gun duel with robbers in Abuja

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The Federal Capital Territory, FCT, Police Command says its operatives have recovered a black Toyota SUV stolen by armed robbers.

In a statement on Friday, the FCT Police Public Relations Officer, SP Josephine Adeh said the vehicle was stolen on Thursday around the Lugbe area of the territory.

She explained that the Command received a distress call from a good Samaritan on Thursday evening reporting a carjacking incident in the area.

The PPRO said one Kemi H. Adidiru was driving from Lugbe to the city center when she was abruptly stopped and surrounded by six armed men under a pedestrian bridge along Alieta Road, Lugbe.

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The robbers, according to the PPRO, forcefully ejected both the car owner and her driver from the 2012 black Toyota Land Cruiser Prado (Reg. No. ABJ 670 EY) and sped off with the car and her belongings.

The statement added that the witness, alarmed by the robbery, promptly notified the Command Control Room, providing crucial information about the vehicle and the suspects’ direction of escape.

“The Police acted quickly, alerting strategic checkpoints and deploying patrol teams across the FCT.

“At approximately 11:35 pm, Police operatives spotted the stolen vehicle at a checkpoint along Dantata Bridge, Galadimawa Road.

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“When officers attempted to stop the suspects, they sped away, leading to a high-speed chase towards Airport Junction. Upon reaching another Police checkpoint at the Airport Junction, the suspects opened fire, engaging the Police in a fierce gun battle.

“Thanks to the superior firepower of the police, the suspects abandoned the vehicle and their firearm, fleeing into the surrounding bushes.

“The vehicle was successfully recovered, along with a bag containing an international passport belonging to Halimat Adediru, cash and other valuables.”

The PPRO said the recovered items have since been returned to their rightful owner, who expressed profound gratitude for the prompt response and professionalism of the Police.

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BusinessDay Journalist Finally Regains Freedom From ‘One-Chance’ Kidnappers In Abuja

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A BusinessDay defence correspondent, Ojochenemi Onje, has regained her freedom from kidnappers commonly called “one chance operators” in the Federal Capital Territory, Abuja.

The female journalist’s freedom was confirmed on Saturday morning by some of her colleagues.

It is not clear whether any ransom was paid to secure her release.

The media had on Friday evening reported that Onje was abducted by kidnappers commonly called “one chance operators” according to several of her colleagues.

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The media had learnt that the female journalist was kidnapped on her way from office.

One of the sources had said the kidnappers had contacted the victim’s workplace to demand the sum of N1million before releasing her from their custody.

“We need your prayers. The BusinessDay correspondent was kidnapped by one-chance operators and they are demanding for one million before they would release her,” one of her colleagues.

It was learnt that the incident was escalated to the Nigerian police and the military.

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Court remands 113 foreigners over alleged cybercrime

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Justice Ekerete Akpan of the Federal High Court in Abuja has remanded 113 foreign nationals at Kuje and Suleja correctional facilities.

The foreigners were arraigned before the court on Friday on the allegations of their involvement in high-level cybercrime and hacking activities said to be threatening Nigeria’s national security.

The accused persons comprising 87 men and 26 women from China, Vietnam, Thailand, Indonesia, Brazil, Philippines, Myanmar and Malaysia, as well as 17 Nigerian collaborators were facing six counts bordering on cybercrime, money laundering and unlawful residency in Nigeria.

Justice Akpan declared that the male defendants be remanded at Kuje prison while the females should be taken to Suleja prison.

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The suspects were arrested on November 3, 2024, at Plot 1906, Cadestral Zone 807, Katampe District of Abuja. They were allegedly using computers and other sophisticated devices to facilitate criminal activities.

In the charge marked FHC/ABJ/CR/599/2024, the suspects were alleged to have accessed a computer network and input, altered, and deleted suppressed data, resulting in inauthentic data, with the intention that such inauthentic data would be considered or acted upon as if they were authentic or genuine.

They were also alleged to have removed “from Nigeria proceeds generated from operating fraudulent and unregistered gambling platforms.”

According to the charge sheet, the platforms are 9f.com, c2.top, and 8pg.top.

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The accused persons were also charged with entering “the territory of the Federal Republic of Nigeria with a business permit of 30 days duration and failed, or neglected to leave the Nigerian territory at the expiration of the said permit and remained in Nigeria without a valid resident permit or appropriate valid visa.”

At the resumption of proceedings on Friday, the arraignment of the suspects was also stalled because the defendants’ names were misrepresented on the charge sheet.

Counsel to some of the defendants, James Onoja (SAN) told the court that there was a need to have interpreters to interpret for those who do not understand English.

Onoja asked the court to adjourn the scheduled arraignment following an observation that there were discrepancies in the names of the defendants, arguing that some of the names given to the defendants were not their proper names.

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The prosecution counsel, A. A. Egwu, who did not oppose the adjournment request, stated that the police lacked the facility to continue to keep the defendants, stating that he had earlier filed an ex-parte motion for the accused persons to be remanded in a correctional centre.

Egwu said most of the defendants were arrested without their papers, urging the court to remand them in a correctional centre pending their arraignment.

Following the submission of the counsel, the court ruled that the defendants should produce their travelling documents for their proper names and spellings to be gotten.

Meanwhile, counsel to the Brazilian accused persons, Eric Oba, asked the court to separate his clients from other defendants.

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Oba appealed to the court to conduct separate trials for them, just as he prayed the court to allow his clients to stay back at the police facility.

He said the Brazilians were afraid that they could be harmed by the other defendants because they made extra-judicial statements to the police that others were not happy about.

Rejecting Oba’s appeal, Justice Akpan directed him to file a formal application for the separation of the trial of his clients.

He adjourned the case to Friday, November 29, for arraignment.

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