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Corrupt Policemen kill wife of tricyle driver over refusal to give bribe

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Tragedy struck on Thursday at Ijegun Road in the Alimosho area of Lagos State, after a woman, Idongesit Ekpo, and her husband, Godwin, were shot by a team of policemen attached to the Isheri Osun Police Division.

Idongesit died on the spot, while Godwin was said to be gasping for breath at the Lagos State University Teaching Hospital, Ikeja, where he was taken for treatment.

It was gathered that the couple was returning from a church programme on Wednesday in a tricycle belonging to the family when the incident happened.

Punch reports that Godwin met a police checkpoint at Obalagbe bus stop, where some other tricycle drivers were being reportedly extorted by an eight-man police team.

Godwin ignored the police after he was flagged down and he sped past. One of the officers angrily broke his windscreen with a baton.

A police corporal, identified as Aremu Musesiu, was said to have opened fire on the tricycle.

It was learnt that the bullet pierced through the tricycle back side and hit Idongesit, who was breast-feeding a three-month-old baby.

Her husband, Godwin, who looked back when the shot was fired, was said to have also been hit in the neck.

The policemen hurriedly took money from the tricycle drivers they had earlier detained, before they vanished from the scene.

The incident attracted the attention of tricycle drivers in the community who trooped out on Thursday to protest the death and demanded justice for the victims.

The protesters held placards, with inscriptions such as, ‘Isheri Police, your generation will suffer,’ ‘Stop killing us,’ among others.

The Financial Secretary of the Committee for the Defence of Human Rights, Lagos State branch, Chinanzor Ifechiga, was brutalised and her telephone seized by the Divisional Police Officer.

Ifechiga, who was accused of filming the protest and taking pictures, was manhandled by eight policemen, who struggled to take the phone from her on the order of the DPO.

A tricycle driver, Henry Chibuzor, said the couple was shot at around 10pm on Wednesday.

He said, “I was going home around 10pm when I saw the eight-man team asking me to stop at a checkpoint. I was there with four other tricycle drivers.

“The man was coming from church with his family. As he got to the junction, he swerved and his tricycle mistakenly brushed their patrol van.

“A policeman hit the tricycle’s windscreen with a baton and damaged it. The second policeman fired a bullet which hit the woman in the neck, came out from the other side, and hit her husband too.”

He said the policemen collected N5,000 from him and also extorted money from other tricycle drivers.

The Commissioner of Police, Fatai Owoseni, who confirmed the incident, said Aremu had been arrested and detained.

He added that the DPO of Isheri Osun had also been issued a query for disobeying the Inspector General of Police’s instruction.

He said, “The police are doing all in our capacity to ensure that the deceased’s children are taken care of. The police corporal involved has been taken into custody. When we complete all necessary disciplinary action, he will be charged to court for murder.

“The team leader and the DPO of Isheri Osun division have also been issued queries for disobeying the IG with regards to policemen performing duties out of uniform, and without a properly-labelled police van.”

 

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Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

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Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

In a bid to ease financial burdens during the holiday season, Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) to N899.50 per litre. This follows a previous price cut to N970 per litre on November 24. The move is aimed at reducing transportation costs for Nigerians as they prepare for festive celebrations.

Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, disclosed the development in a statement, highlighting additional benefits for consumers. Beyond the price reduction, the refinery is introducing a special credit offer. For every litre of PMS purchased on a cash basis, consumers can buy an additional litre on credit, supported by a bank guarantee from Access Bank, First Bank, or Zenith Bank.

“To help reduce transport expenses this holiday season, we’re offering PMS at N899.50 per litre and providing a credit option for additional purchases. This is part of our commitment to making high-quality petroleum products accessible to Nigerians,” Chiejina said.

The refinery also reaffirmed its commitment to providing premium-quality, environmentally-friendly fuel, while ending Nigeria’s dependence on substandard imported products.

With a capacity of 650,000 barrels per day, the Dangote Refinery is the largest single-train refinery in the world, capable of meeting Nigeria’s entire refined petroleum product demand and generating surplus for export. As the festive season approaches, the company expressed gratitude to Nigerians for their support and pledged continued efforts to ease their economic burdens.

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Setting the Record Straight: Clarifying NNPCL’s Role in the Dangote Refinery Investment

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General Buratai Urges Dangote Not To Succumb To Marketers Blackmail, Reveals Why

Setting the Record Straight: Clarifying NNPCL’s Role in the Dangote Refinery Investment

We have received numerous inquiries from the media and concerned stakeholders seeking clarification regarding a recent report attributed to the Nigerian National Petroleum Company Limited (NNPCL). The report suggested that NNPCL’s decision to secure a $1 billion loan backed by its crude was instrumental in supporting the Dangote Refinery during liquidity challenges.

Setting the Record Straight: Clarifying NNPCL's Role in the Dangote Refinery Investment

We wish to categorically state that this narrative is a misrepresentation of the facts. The $1 billion referenced constitutes just about 5% of the total investment in building the Dangote Refinery.

Our partnership with NNPCL was established based on their strategic importance as the largest offtaker of Nigerian crude and, at the time, the sole supplier of gasoline into Nigeria. As part of this agreement, a 20% stake in the refinery was valued at $2.76 billion. Of this amount, NNPCL agreed to pay $1 billion upfront, while the remaining balance was structured to be recovered over five years through crude oil supply deductions and dividends.

If we had been facing liquidity challenges, such generous credit terms would not have been feasible. At the time of the agreement in 2021, the refinery was still in its pre-commissioning phase. Any claims suggesting financial struggles are inconsistent with the structure and nature of this agreement.

Regrettably, NNPCL was unable to meet its commitment to supply the agreed 300,000 barrels per day of crude oil due to pre-existing financial commitments tied to their crude cargoes. Given this, we extended a 12-month period for NNPCL to pay cash for the balance of their equity. However, they were unable to meet the deadline, which expired on June 30, 2024. Consequently, NNPCL’s equity stake in the refinery was adjusted to 7.24%.

It is therefore inaccurate to claim that NNPCL facilitated a $1 billion investment amid liquidity challenges. Their $1 billion investment secured a 7.24% ownership stake in the Dangote Refinery, a strategic partnership beneficial to their interests.

NNPCL remains a valued partner, and we urge all stakeholders to adhere to the facts and provide accurate information to ensure proper media representation for the benefit of all stakeholders and the public.

Anthony Chiejina
Group Chief Branding and Communications Officer
18th December, 2024

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MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

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MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

 

MTN Nigeria, the nation’s largest telecom company, pays over N200 billion in Value Added Tax (VAT) monthly, making it the single biggest contributor to the country’s VAT revenue, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee.

Speaking at Channels Television’s Town Hall on Tax Reforms, Oyedele highlighted significant disparities in the current VAT allocation system, revealing that all VAT paid by MTN is credited solely to Lagos State, where the company’s headquarters is located, despite the fact that services generating this revenue are consumed nationwide.

“MTN is the largest contributor to VAT in Nigeria,” Oyedele stated. “They pay over N200bn every month, and the gap between them and the second-largest contributor is massive. However, all this VAT is currently allocated to Lagos, even as calls are made across states like Kano, the FCT, Ekiti, Edo, and Kebbi.”

As part of the ongoing tax reform efforts, the committee has proposed a new framework to ensure equitable distribution of VAT revenues based on consumption rather than the corporate headquarters’ location.

Under the proposed redistribution model, Lagos State, which now retains the full N200bn from MTN, would see its share reduced to around 20 per cent. The remaining revenue would be distributed more fairly among other states where the services are consumed.

“This adjustment ensures states where VAT is generated get their fair share,” Oyedele explained. “While Lagos State’s share decreases slightly, every other state stands to gain under the new system.”

The tax reform bill, designed to address inefficiencies and promote fairness in Nigeria’s fiscal policies, has sparked debate among stakeholders. Critics have accused the committee of advancing policies that may negatively impact certain regions.

Oyedele, however, dismissed these claims, arguing that the current system is flawed and in need of urgent correction. “If something is being done wrongly, how can Lagos State or anyone oppose reforms aimed at fixing it?” he questioned.

The proposed reforms, which include provisions for revenue redistribution and efficiency improvements, are seen as pivotal to ensuring fairness and sustainability in Nigeria’s tax system.

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