Connect with us

news

Police arraigns manager for stealing N2m beverages

Published

on

Ebute-Metta-Magistrate-Court

The police have arraigned a warehouse manager, Akokhia Joseph, before an Ebute-Meta Magistrate’s Court for allegedly stealing beverages estimated at N2.2m, belonging to his employer, one Vivian Osian.

It was learnt that Akokhia was to give the goods out based on orders from the management of the company.

He allegedly diverted some of the goods, replacing them in the warehouse with empty cartons.

He was said to have also allegedly deleted stock data from the computers to cover up the crime.

It was learnt that several times, goods had been discovered missing in the warehouse, but Akokhia usually returned the monetary value of the goods, claiming that he later found and sold them.

Our correspondent learnt that after his employer noticed some inconsistencies in the computer data and the missing warehouse goods, an auditor was invited to analyse the records, leading to the discovery of the theft.

The 24-year-old was arraigned on Monday on one count of stealing.

The police told the court that Joseph stole from the warehouse between September 1, 2014 and January 12, 2015.

The charge read, “That you, Akokhia Joseph, between September 1, 2014, and January 12, 2015, at Ojuelegba Road, Surulere, Lagos, in the Lagos Magisterial District, did steal Nestle products valued at N2,264,597, property of one Vivian Osian, and thereby committed an offence punishable under Section 285(7) of the Criminal Law of Lagos State of Nigeria, 2011”

The defendant pleaded not guilty, while his defence counsel, Saka Bello, applied for his bail in liberal terms.

The Magistrate, O. A. Komolafe, admitted him to bail in the sum of N1m with two sureties in like sum.

He said, “Both sureties must have the Lagos State Residents Registration Agency ID card. One of the sureties must be a relative, while the other must be a level 10 civil servant working with the Lagos State Government.”

The case was adjourned till July 27.

Punch

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

news

The 2026 Nigerian Bank Recapitalization: Where Does Your Bank Stand?

Published

on

Leading Fintech Expert, Jesam Micheal Applauds Tinubu For Lifting Ban On Cryptocurrency, Charges Nigerians To Embrace AAS Token
The countdown to March 31, 2026, has officially entered its final stretch. While you might have seen headlines claiming only 19 banks have met the mark, the reality on the ground is much more dynamic. In fact, as of January 2026, we have seen a surge of compliance, with approximately 22 out of 34 banks now having their licenses “secured” under the Central Bank of Nigeria’s (CBN) new rules.
If you are wondering where your money is or if your bank is safe, here is the fact-driven breakdown of the current banking landscape, correcting common misconceptions along the way.
Recapitalised banks
The CBN set a high bar of ₦500 billion for international banks and ₦200 billion for National banks. Crucially, this must be “paid-up capital”, banks cannot count their saved profits (retained earnings) toward this goal.
These banks are recapitalised:
Access Bank, Zenith Bank, GTBank, UBA, First Bank and Fidelity: These banks have crossed the N500 billion finish line and have secured their international licence.
FCMB, Wema, Standard Chartered, Citibank: These banks have officially secured their national license, with FCMB in the final sprint to hit the ₦500 billion to secure its international banking licence.
Other secured banks: Stanbic IBTC, Sterling Bank, Providus Bank, Globus Bank, and Premium Trust Bank have all officially cleared the requirement.
Mergers and downgrades
The story of the 2026 recapitalization also featured mergers, acquisitions, and downgrades:
Unity Bank and Providus Bank are in the final stages of a merger that will create a top 10 Nigerian lender. Similarly, Titan Trust has completed its integration with Union Bank to solidify its capital base.
Nova Bank chose a Regional License (₦50 billion) to focus specifically on being a high-end niche player, a healthy business move.
Non-Interest banking: Islamic banks like Jaiz, Taj, and Lotus have all met their ₦20 billion requirement, proving that niche banking is stronger than ever.
For the few banks still in the “red zone,” the next 80 days will involve final-hour mergers or private equity injections. For you, the customer, this means a banking sector that is tougher, more transparent, and better funded than ever before.
Continue Reading

news

How Primate Ayodele Foretold Collapse Of School Building In Ikorodu, Lagos

Published

on

W’ Cup Qualifiers: How Super Eagles Coach Ruined Nigeria’s Chances by Ignoring Primate Ayodele’s Warnings* By Adedayo Olumide

Residents of the Odo-Kekere Community in the Ikorodu area of Lagos State, on Thursday evening, were thrown into panic following the sudden partial collapse of a structure in a local public school in the area.

According to a source, a section of the school building gave way late Thursday with a thunderous sound that drew neighbours to the scene.

First responders from the Lagos State Emergency Management Agency, LASEMA, and the Lagos State Building Control Agency LASBCA, raced to the scene promptly and cordoned off the area for safety purposes.

This development has no doubt fulfilled the prophecy of Nigerian prophet, Primate Elijah Ayodele, which he shared in his annual prophecy book titled Warnings To The Nations (2025/2026) edition.

On page 108 of the prophecy book, Primate Ayodele warned against collapse of any school building in Nigeria.

“Schools in Nigeria: Let us pray so that no school will be attacked in Nigeria and that a school building will not collapse.”

Also, in his 2026 prophecies, he asked Nigerians to commit Lagos schools into God’s hands.

“Let us commit schools in Lagos to God’s hands against all attack” (Page 5).

Furthermore, in a video shared on his social media page, Primate Ayodele specifically mentioned that Nigerians should pray not to see a building collapse in Lagos.

“Let us pray not to see a school building collapse in Lagos state, Oyo, Abuja, Ogun state. Let the government go around schools and quickly demolish deplorable school buildings.”

All these have fulfilled the prophecy of Primate Ayodele.

Continue Reading

news

Hon. Toyin Amuzu: A Legacy of Service, Unity, and Perseverance

Published

on

 

By Adebayo Osonuga, Manchester

In the ever-evolving landscape of politics, where commitment is often tested and leadership scrutinized, few names resonate with consistency, dedication, and perseverance quite like Hon. Toyin Amuzu. Over the years, he has emerged as a dependable public servant whose political journey is firmly rooted in service to the people and an unwavering belief in collective progress.

From the onset, Hon. Amuzu’s foray into politics appeared almost inevitable to those who knew him well. Guided by a deep passion for public service, he embraced leadership not as a position of privilege, but as a responsibility to uplift others. His political career has been defined by a rare ability to connect genuinely with people across social, cultural, and economic divides—listening attentively to their concerns and working diligently to address them.

A defining strength of Hon. Amuzu’s leadership is his adaptability. In a political climate often marked by division and rivalry, he has consistently chosen the path of dialogue, bridge-building, and unity. His inclusive approach has enabled him to foster cooperation among diverse groups, earning him admiration beyond party lines. For many in his constituency, his open-door policy is not a slogan but a lived reality—one that reflects empathy, accessibility, and action.

Despite the inevitable challenges that accompany public office, Hon. Amuzu has remained steadfast in his vision of a better and more equitable society. He is a strong advocate for hard work, resilience, and personal responsibility, values he exemplifies in both his public and private life. Through his words and actions, he has inspired many—particularly young people—to believe in the power of determination and purposeful leadership.

His impact is perhaps most evident in the tangible development initiatives he has championed within his community. From advocating policies aimed at social progress to supporting initiatives that improve everyday living, Hon. Amuzu has played a notable role in driving growth and positive change. These efforts have not gone unnoticed, cementing his reputation as a leader who delivers and a representative who truly understands the needs of his people.

As a role model for emerging leaders, Hon. Toyin Amuzu stands as a reminder that politics, when guided by integrity and compassion, can be a powerful tool for transformation. His selflessness, humility, and commitment to service continue to inspire confidence and hope among those he represents.

In sum, Hon. Toyin Amuzu embodies the true essence of public service. His legacy is one of unity, perseverance, and people-centered leadership—a legacy that will undoubtedly endure for generations. As he continues his journey toward a brighter future for all, his name remains firmly etched among those who lead not just with authority, but with heart.

TA… We Rise Together.

Continue Reading

Cover Of The Week

Trending