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Businessman arraigned over alleged importation of 13 containers of substandard cables

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Man, 32, arraigned for alleged assault

…As ADP Chieftain says Land border closure undermining nation’s economy***

A Federal High Court in Lagos on Wednesday ordered the remand of a businessman, Ifeanyi Okoli, charged with importation of 120,000 brands of substandard electrical cables in 13 containers.

Justice Nicholas Oweibo ordered that Okoli should be kept in police custody, following his arraignment by the Standards Organisation of Nigeria (SON), on a three-count charge bordering on illegal importation.

Okoli was charged alongside a company, Natures Breeze Ltd, in the suit numbered FHC/1/388/2019.

The Prosecutor, Mr Babatunde Alajogun, alleged that the defendants committed the offences on Oct. 31, at the company’s warehouse.

Alajogun said that the defendants conspired to import 120,000 different brands of substandard electric cables which did not comply with SON’s Mandatory Industrial Standard, adding that the alleged offences contravene the provisions of Section 516 of the Criminal Code, Act, 2004.

The defendant, however, pleaded not guilty to the charge.

Oweibo granted him an opportunity to file a bail application before Feb. 27, 2020.

The court adjourned the case until Feb. 28, 2020, for hearing of the bail application.

Meanwhile, an Action Democratic Party (ADP) Governorship Candidate in Lagos State, Mr. Babatunde Gbadamosi has raised the alarm that the continued closure of land borders by the Federal Government would undermine the country’s economy.

Gbadamosi made the assertion on Wednesday in Lagos, while speaking with journalists on the sidelines of the “Lagos State University/Salem Touch Awards”, where he bagged the ”Creative Exponent Award” at the programme in recognition of his support for youths in the state.

He said the closure of land borders would have adverse effects on the citizens both in Nigeria and neighbouring countries.

According to him, the continued closure of land borders will have negative effect on the citizens, even both here and in the neighbouring countries.

Also read:  Nigerian Shippers’ Council lauds FG on Border Closure

“It is clear that the agenda behind it is completely not for economic growth, because it will affect the earning capacity of people, and if that happens, many people will not be able to meet their needs.

“Consequently, many sectors of the nation’s economy will be affected within and in the neighbouring countries that have built large doses of subscriptions on us.

“The closure will more or less affect the economy, instead of improving it,” Gbadamosi said, noting that government needs to open the economy in such a way to attract more trade and industries.

He said that refusal of the government to encourage and open up the economy would hamper the progress of the country.

Gbadamosi said that there were so many ways borders could be closed to check arms smuggling and crimes like banditry without total closure.

He urged Nigeria to take a cue from the developed countries with tight border controls without total lock down.

“If the government is acting against smuggling with the closure, there are ways of doing it without affecting our people.

“During the era of the former President Olusegun Obasanjo, borders were shut for a period of time because of cross border bandits who ran to Benin Republic.

“But between a few days, they were arrested and handed over to the authorities and the borders were reopened.

“Smuggling is still going on during that period, but it did not affect our economy, because it was well checked .

“In fact that was the period we experienced the greatest rate of sustainable growth, because the country allowed trade to continue and the custom officials were also doing their jobs effectively,” he said.

Land borders with countries including Benin and Niger which were closed since Aug. 20 in a move to curb smuggling, may remain, according to Government till January 31, 2020.

 

Economy

AFCFTA: Nigeria Signs $3Mn Kebbi Cement Plant Deal To Boost Export

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The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has attended the signing ceremony for MSM Cement Ltd’s Kebbi Cement Plant, a $3 million-tonne-per-annum facility set to drive Nigeria’s industrial growth.

The project, expected to create 20,000 direct and 25,000 indirect jobs, is strategically positioned near the country’s border, enhancing export potential under the African Continental Free Trade Agreement (AfCFTA).

According to a statement over the weekend, signed by Mohammed Manga FCIA Director, Information and Public Relations of the ministry, Edun highlighted the plant as a model of private-sector-driven investment that aligns with President Bola Ahmed Tinubu’s vision for economic stability, job creation, and poverty reduction.

The Executive Governor of Kebbi State, Dr. Nasir Idris called the project a historic milestone, emphasising its transformative impact on employment, particularly for youth and women. He also praised the federal government’s commitment to infrastructure development in the state.

Also present at the event were the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and the Minister of State for Finance, Dr. Doris Uzoka-Anite, alongside other dignitaries.

The signing marks a crucial step toward industrial expansion, with groundbreaking and construction set to follow. This project will not only boost economic growth but also create lasting opportunities for the people of Kebbi State and Nigeria as a whole,  reinforcing the country’s push for economic growth and regional trade.

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Economy

IWD: Dr. Opeifa hails Women, As NRC Gives Gifts

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Opeifa Tours Train Districts, Pledges Developmental Initiatives

The Managing Director of Nigerian Railway Corporation, NRC, Dr. Kayode Opeifa on Saturday, hailed the women, stressing that logistics may not be sustainable without their dedicated commitment and resilience.

Opeifa made the observation, as the NRC distributed gifts to women on the occasion of the International Women’s Day IWD.

“We are giving you this, as our token from the Nigerian Railway Corporation”, Dr. Opeifa said, hinting that not only would the NRC continue to improve service delivery, but that his management would not leave a stone unturned, in a bid to appreciate their soaring patronage.

*The Nigerian Railway Corporation NRC distributing gifts on the occasion of the International Women’s Day

One of the recipients, while commending the gesture, specifically noted that the new management has not only improved service delivery, but has also proved that those enjoying the services can be recognised and appreciated.

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Economy

LASG Agrees With NUPENG, IPMAN, NARTO, PTD To Suspend Enforcement Of E-call-up System

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The Lagos Ministry of Transportation has suspended its enforcement of the e-call-up system, and in line with the demand of the NUPENG, IPMAN, NARTO, PTD and other Union leaders, to enable the Union leaders further engagement with their members.

The meeting was held at the Conference Room of the Transportation Ministry.

The union leaders on the other hand, promised to ensure parking compliance by their members, while the engagement meetings are ongoing. The Ministry will however enforce compliance, in the event of violation of the promise.

This was the fulcrum of their meeting, even as all parties agreed on the importance of the e-call up system as the best solution, for managing trucks’ movement along the Lekki-Epe corridor.

Meeting was attended by the Commissioner for Transportation,  Mr. Oluwaseun Osiyemi, the Permanent Secretary, Mr. Olawale Musa and Leaders of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG),  Independent Petroleum Marketers Association of Nigeria (IPMAN), Nigerian Association of Road Transport Owners (NARTO), and Petroleum Tanker Drivers (PTD), a branch of NUPENG.

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