News
Hunters, security operatives comb forests for abducted varsity students in Kogi
By Kayode Sanni-Arewa
The Kogi Government on Friday deployed security operatives and hundreds of local hunters into the bush on the trail of bandits that invaded and abducted university students Thursday night.
The invaders had abducted an unspecified number of students of Confluence University of Science and Technology (CUSTEC), Osara, Okene after storming the institution and trapping the students in their classes.
Nine students were abducted in the invasion.
Mr Kingsley Fanwo, the State Commissioner for Information, told newsmen in Lokoja that the combined effort is to rescue the abducted students.
He said: “Hundreds of local hunters, who understand the terrain, as well as the conventional security agents, are currently combing the area to ensure the safe rescue of the abducted students who were kidnapped from their classrooms.
“So far, nine students have been reported missing and we hope to rescue them as soon as possible.
“We wish to assure students, parents and the entire people of Kogi that the government is on top of the situation and all the abducted students will be rescued alive.
“Gov Usman Ododo has also directed that security agents be positioned around all tertiary institutions in the State,” he said.
The commissioner commended the local hunters and other security agents who rose stoutly to engage the kidnappers on the night of the invasion.
According to him, their gallantry and dedication ensured that the kidnappers did not have a field day.
Fanwo said that the state government would spare nothing toward ensuring that all the students abducted were safely rescued and reunited with their families.
“We won’t submit to terror. We shall prevail by God’s grace,” he said.
An eye witness account indicated that the bandits swooped on the university around 9.00 p.m. while the students were reading for their upcoming exams.
The source said that the bandits came in through the bush, went into three lecture halls and began to shoot into the air to scare the students.
The bandits thereafter started grabbing the students trapped inside the three halls.
Recall the school was thrown into total confusion as fear-stricken students in other halls scurried to safety, scampering in various directions.
Luckily, brave local security guards and the conventional security men at the gate engaged the bandits, though they were able to abduct some students.
That effort did minimised the damage as the attackers didn’t go beyond the first three halls.
The students were preparing for their first semester examination expected to commence on Monday, May 13, when the bandits struck.
News
Court Remands P-Square’s Brother, Ex-Manager Jude Okoye IOver Alleged N1.3B, $1M, £34,000 Fraud
By Kayode Sanni-Arewa
The Economic and Financial Crimes Commission (EFCC) has taken Jude Okoye, the elder brother and former manager of the defunct music duo P-Square, to court over alleged money laundering involving ₦1.38 billion, $1 million, and £34,537.59.
Jude Okoye, along with his company Northside Music Ltd, was arraigned before Justice Alexander Owoeye of the Federal High Court in Lagos on Wednesday, facing a seven-count charge related to financial crimes.
One of the charges states: “That you, Jude Okoye Chigozie and Northside Music Ltd, sometime in 2022 in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos worth ₦850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful acts, thereby committing an offence contrary to Section 18 (2)(d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”
Another charge alleges that Jude Okoye and his company used a Bureau de Change operator to convert $1,019,762.87 (One million nineteen thousand, seven hundred and sixty-two dollars, eighty-seven cents) domiciled in Access Bank Plc into naira and remitted the funds into various accounts with the intent to conceal the source of the money, in violation of the Money Laundering Act.
Jude Okoye pleaded “not guilty” to the charges.
Following his plea, EFCC counsel Larry Peters Aso applied for a trial date and requested that the defendant be remanded in a correctional facility pending trial.
However, defence counsel Inibehe Effiong informed the court of a pending bail application and urged the court to keep Okoye in EFCC custody until the application is heard.
The prosecution opposed the request, citing congestion in EFCC facilities and urging the court to remand him to a correctional centre instead.
Justice Owoeye subsequently adjourned the case to February 28 for a bail hearing and fixed April 14 for trial commencement.
The judge also ordered that Jude Okoye be remanded at the Ikoyi correctional facility pending the determination of his bail application.
By Kayode Sanni-Arewa
Prince Funso Ayeni, an Ikole born philanthropist and politician has donated the sum of N1,000,000 for the support of one Esther Fisayo Aluko Medical needs.
Fisayo Aluko, an Indigene of Ikole LGA part of Ekiti State is currently in need of fund running to millions of Naira to carry out a kidney transplant.
Prince Funso Ayeni made his support known via a Whatsapp platform created for the Indigenes of the LG.
“Good afternoon great citizens,
I am Prince Funso Ayeni (PhD)
I am deeply touched by the condition of Esther Fisayo Aluko, a young lady from Ikole Ekiti, battling kidney issue.
On behalf of myself, my family, and the entire Funso Ayeni Foundation (FAF), I have donated ₦1,000,000 (one million naira) towards her medical treatment ( receipt attached).
“I also appeal to our brothers and sisters from Ikole Local Government, both in and out of government, to rally their contacts and resources to support this urgent cause.
“Together, we can give Esther a chance to live a healthy life again.
By Kayode Sanni-Arewa
The naira is exchanging for ₦1,498 to 1 US Dollar at the parallel market (black market) in Nigeria.
This means that for every one dollar, you can get the equivalent in naira of ₦1,498 on February 26, 2025.
The black market rate signifies the value at which individuals can trade their dollars for naira outside the official or regulated exchange channels.
Note that the Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government
Today’s February 26 exchange shows that the naira has improved against the dollar, as it strengthened compared to what it traded on Tuesday, February 25, when the naira exchanged ₦1,499.
The value of any nation’s currency is determined by aggregate supply and demand.
The forces of supply and demand are themselves influenced by a number of factors, including interest rates, inflation, capital flow, and money supply.
The most common method to value currency is through exchange rates. The two main exchange rate systems are fixed rate and floating rate systems.
Investors and participants closely monitor these parallel market rates for a more immediate reflection of currency dynamics
Court Remands P-Square’s Brother, Ex-Manager Jude Okoye IOver Alleged N1.3B, $1M, £34,000 Fraud
Funso Ayeni donates N1m, appeals to citizens to support Fisayo Aluko medical needs
Naira again falls against Dollar – February 26
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