Business
60-year Old Woman Defrauds Bank in Akure
An Akure Magistrate Court sitting at Oke Eda has asked one Kate Njoku, 60, to be remanded in prison after she was arraigned for attempting to defraud a Union Bank branch in Akure of N1.67million.
Mrs. Njoku was on Thursday arraigned on a five-count charge of forgery and attempt to defraud the commercial bank.
She however pleaded not guilty to charges against her.
Police prosecutor, Adejuwon Akinpelumi, told the court that the offence contravened Sections 464(C) and punishable under section 467(2)(g) of the Criminal code,cap 37,Laws of Ondo State of Nigeria, 2006.
He said the offence was committed on May 19 and June 9 respectively, at Union Bank Plc in Akure, the state capital.
Mr. Akinpelumi said the accused falsely presented herself as Iroha M.A before the cashiers of Union Bank Plc with a forged bank withdrawal slip of the same bank with the intent to defraud the bank.
“Njoku was arrested when she fraudulently converted the sum of N1,678,000 to her own use, being the money entrusted into the care of the Union Bank Plc,” he said.
The charges against the accused read in part, “That you Kate Njoku and others at large between 19th Day of May, 2015 and 9th Day of June,2015 at various times, at Union Bank Plc in Akure Magisterial district, did conspire with another to commit felony to with forgery and thereby committed an offence contrary to and punishable under section 516 of the criminal code, cap 37,vol 1, law of Ondo State of Nigeria 2006.
“That you Kate Njoku and other at large on the same date, time, and place in the aforementioned Magisterial district did forge a bank note withdrawal slip of Union Bank Plc with intent to the defraud and thereby committed offence contrary to section 464(c) and punishable under section 467(2)(g) of the criminal code, cap 37,vol.1, laws of Ondo state of Nigeria.”
“That you Kate Njoku and other at large on the same date, time, and place in the aforementioned Magisterial district did fraudulently covert the sum of One Million Six Hundred and Seventy Eight Thousand (N1,678,000.00) to your own use being the money entrusted into the care of Union Bank Plc and thereby committed an offence contrary to section 383 and punishable under section 390(4)(6) of the criminal code, cap37, vol1, laws of Ondo state of Nigeria 2006.”
The presiding Chief Magistrate, Sunday Adedapo, however ordered the accused to be remanded in Olokuta prison custody, and adjourned the case to June 22,2015 for hearing.
Renewed Hope Ambassadors Inspect RHA Secretariat
Renewed Hope Ambassadors, led by its Director-General and the Governor of Imo State, Hope Uzodinma, alongside Zonal Coordinators (NW, NC, SE), the Media & Publicity Directorate, and other key stakeholders, inspected the RHA Secretariat two days after President Bola Tinubu unveiled the Renewed Hope Ambassadors grassroots engagement drive in Abuja.
Harmony Gardens’ Ibeju-Lekki Portfolio Crosses $1bn
Harmony Garden & Estate Development Limited has expanded its development activities across Ibeju-Lekki, pushing the projected long-term value of its estate portfolio beyond $1 billion.
Led by Chief Executive Officer Hon. Dr. Audullahi Saheed Mosadoluwa, popularly know Saheed Ibile, the company is developing seven estates within the Lekki–Ibeju corridor. Details available on Harmony Garden & Estate Development show a portfolio spanning land assets and ongoing residential construction across key growth locations.
A major component is Lekki Aviation Town, where urban living meets neighborhood charm, located near the proposed Lekki International Airport and valued internally at over $250 million. The development forms part of the company’s broader phased expansion strategy within the axis.
Other estates in the corridor tagged as the “Citadel of Joy” (Ogba-idunnu) include Granville Estate, Majestic Bay Estate, The Parliament Phase I & II, and Harmony Casa Phase I & II.
With multiple projects active, the rollout of the Ibile Traditional Mortgage System, and structured expansion underway, Harmony Garden & Estate Development Ltd continues to deepen its presence within the fast-growing Ibeju-Lekki real estate market.
Business
BUA Group Showcases Food Manufacturing Strength at 62nd Paris International Agricultural Show
BUA Group Showcases Food Manufacturing Strength at 62nd Paris International Agricultural Show
BUA Group, one of Africa’s leading diversified conglomerates, is maintaining a strong presence at the ongoing 62nd edition of the Paris International Agricultural Show in France, participating as a premium sponsor and supporting the Nigeria Pavilion at one of the world’s most respected agricultural gatherings.
The 62nd Paris International Agricultural Show, taking place from February 21 to March 1, 2026, at Porte de Versailles in Paris, convenes global leaders across farming, agro processing, technology, finance, and policy. The event serves as a strategic platform for industry engagement, knowledge exchange, and commercial partnerships shaping the future of global food systems.
BUA Group’s participation reflects its long term commitment to strengthening the entire food production value chain. Through sustained investments in large scale processing, value addition, and branded consumer products, the Group continues to reinforce its role in advancing food security, industrial growth, and regional trade integration.
Speaking on the Group’s participation, the Executive Chairman of BUA Group, Abdul Samad Rabiu CFR, said, “BUA’s presence at the Paris International Agricultural Show reflects our belief that Africa must be an active participant in shaping the future of global food systems. We have invested significantly in local production capacity because we understand that food security, industrial growth, and economic resilience are interconnected. Platforms like this allow us to build partnerships that strengthen Nigeria’s competitiveness and expand our reach beyond our borders.”
BUA Foods, a subsidiary of BUA Group, maintains a strong footprint in flour, pasta, spaghetti, sugar, and rice production, serving millions of consumers within Nigeria and across neighbouring African markets. The Managing Director of BUA Foods, Engr. Abioye Ayodele, representing the Executive Chairman, is attending the event at the Nigeria Pavilion, engaging industry stakeholders and showcasing the company’s manufacturing capabilities.
Also speaking at the show, Engr. Ayodele stated, “BUA Foods has built scale across key staple categories that are central to household consumption. Our participation at this Show allows us to demonstrate the quality, consistency, and operational strength behind our products. We are also engaging global stakeholders with a clear message that Nigerian manufacturing can meet international standards while serving both domestic and regional markets efficiently.”
The Show provides BUA Group with an opportunity to deepen trade relationships, explore new export pathways, and reinforce Nigeria’s growing relevance within the global agricultural and food ecosystem.
BUA Group remains focused on building enduring institutions, expanding productive capacity, and positioning African enterprise competitively within global markets.
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