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Sterling Bank official steals customer’s N27 m from account

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sterMomodu

The management of Sterling Bank has accused one of its former employees, Bawa Momodu, of stealing N27 million from a customer’s account. The Economic and Financial Crimes Commission (EFCC) on Monday arraigned Momodu before Justice I. E. Ekwo of the Federal High Court sitting in Port Harcourt, Rivers State on a 16-count charge bordering on forgery, uttering and stealing to the tune of N27 million.

According to the Head, Media and Publicity, EFCC, Wilson Uwujaren, the accused allegedly forged the signature of the said account holder and fraudulently withdrew the money from the bank. He said: “Investigations further revealed that the said amount was transferred to the Sterling Bank account of one Emilia Ugwandu, who is now at large, in a bid to hide the source of the stolen funds.”

The accused pleaded not guilty to the charges preferred against him. In view of his plea, the prosecution counsel, A. Olatunji, asked for a date for the commencement of trial. However, the defence counsel, Allen Nwogwama, prayed the court to grant his client bail. Ekwo granted the accused bail in the sum N7 million and one surety in like sum. The surety must be a responsible member of the society with landed property worth the bail sum, to be verified by the court registrar and the prosecution.

The accused is also to be reporting at the EFCC office on the last day of every month. In a related development, the judge ordered that one Festus Agadi be remanded in prison custody till September 23, when his application for bail would be considered.

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COSCHARIS FARMS LEVERAGES BLOCKCHAIN TECHNOLOGY TO REVOLUTIONIZE RICE FARMING BY CHINEDU NSOFOR

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COSCHARIS FARMS LEVERAGES BLOCKCHAIN TECHNOLOGY TO REVOLUTIONIZE RICE FARMING

BY
CHINEDU NSOFOR

 

In a transformative move for modern agriculture, Coscharis Farm, a subsidiary of the renowned Coscharis Group founded by Dr. Cosmos Maduka, is revolutionizing rice farming through its innovative blockchain program. This initiative aims to streamline farming operations and empower local farmers by providing them with essential resources and support. Shepherd Hurudza, the farm operation manager at Coscharis Farm, shared insights into this groundbreaking project during an interview.

Land Development and Infrastructure

Coscharis Farm spans an impressive 2,500 hectares in Ayamelum Local Government, Anambra State, specifically developed for rice farming. The farm has undergone extensive preparations to create a sustainable agricultural environment.

“We have implemented irrigation systems and have conducted precision leveling on more than half of our land to form rice paddies. Currently, 600 hectares are being irrigated to ensure optimal growth conditions for rice cultivation.” Said Shepherd Hurudza

The commitment to modern farming techniques is evident in the array of machinery at Coscharis Farm. The facility boasts 520 horsepower tractors and combined harvesters designed for efficient rice farming. These resources allow for streamlined cultivation and harvesting, ensuring that the farm operates at maximum efficiency.

Empowering Farmers Through Blockchain

Recognizing the challenges faced by individual farmers in accessing land and resources, Coscharis Farm has launched a blockchain farming program aimed at democratizing agriculture. This initiative is particularly beneficial for those with financial backing but lacking the means to cultivate.

Many individuals interested in rice farming struggle to acquire land and the capital required for development. The blockchain program provides a solution. It offers access to land and support throughout the farming cycle.

Under this program, Coscharis Farm collaborates with aspiring farmers, providing them with plots of land to cultivate. The farm handles all aspects of land preparation, planting, and harvesting. Farmers can cultivate up to 10 hectares, with Coscharis team offering guidance on best practices and mechanized planting.

Comprehensive Support Services

The blockchain initiative extends beyond mere land access; it encompasses a full range of agronomy services. Coscharis Farm provides farmers with essential resources, including seeds, fertilizers, and chemical treatments. The support continues throughout the crop cycle. Coscharis Farm offers advice on optimal planting times, crop management practices, and harvesting techniques. After the harvest, the farm guarantees the purchase of the produce, ensuring that farmers have a reliable market for their rice.

Digital Monitoring and Transparency

In a significant stride toward transparency and efficiency, Coscharis Farm has developed an in-house app that allows farmers to monitor their operations in real time. The app provides visibility into all stages of farming, enabling farmers to see the status of their land and crops from the comfort of their homes.

The app offers features that allow users to track planting schedules, fertilization timelines, and overall crop health. This digitalization fosters a greater understanding of farming processes, empowering farmers to make informed decisions. Additionally, Coscharis Farm utilizes satellite monitoring technology to enhance data accuracy.

A Sustainable Future for Agriculture

The innovative blockchain program at Coscharis Farm is not only focused on immediate results but also aims for long-term sustainability in agriculture. This initiative aligns with broader goals of enhancing food security and promoting sustainable agricultural practices in the region. By leveraging technology and modern farming techniques, Coscharis Farm is setting a precedent for the future of agriculture in Nigeria and beyond.

Conclusion

Coscharis Farm is reshaping the agricultural landscape in Nigeria through its innovative blockchain program. By empowering local farmers with access to land, resources, and technology, the farm is not only enhancing productivity but also fostering a sense of community and collaboration.

COSCHARIS FARMS LEVERAGES BLOCKCHAIN TECHNOLOGY TO REVOLUTIONIZE RICE FARMING
BY
CHINEDU NSOFOR

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CDS EXPRESS DELIVERY Boss, Ogbuanu Chibuike  Rec Moves to Dominate Nigeria’s Logistics Business …

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CDS EXPRESS DELIVERY Boss, Ogbuanu Chibuike  Rec Moves to Dominate Nigeria's Logistics Business ...

 *Inside his Nmulti-Million Mega Business Empire …*

*By Uche Olehi*

 

*OGBUANU CHIBUIKE REC* is associated with chains of companies playing big in the Transport/Logistics industry. The serial entrepreneur is also into real estate business.The *MD/CEO of CDS EXPRESS DELIVERY LIMITED,* in this exclusive interview with *Abia Gazette* shares the secrets of his success in business, and where he’s headed.

CDS EXPRESS DELIVERY Boss, Ogbuanu Chibuike  Rec Moves to Dominate Nigeria's Logistics Business ...
With over 30 years experience in the Cargo & Logistics industry, Ogbuanu, Chibuike Rec has become a leading brand in the sector. A thoroughly trained and licensed professional Freight Forwarder and transporter, the untainted and enterprising mogul effortlessly provides a one-stop solution for all cargo-handling needs, ranging from Airfreight,Logistics,bulk and unaccompanied goods, international & domestic courier services and Sea Freight services for clients in Nigeria, among other others.

A serial entrepreneur, some of his businesses include Chibyke Global Systems Limited, CDS Express Delivery Limited, Bestline Transport Services Limited, Chibyke Ventures Nigeria Limited,Glorious Homes & Properties Limited, among others.

On the operations of CDS Express Delivery Limited, Ogbuanu explains why they are ahead of their competitors :

“We have 20 funtional delivery buses,10 (5tons) trucks, 10 (10ton) trucks and 25 pickup and delivery bikes for e-commerce services. We also have offices in Abuja, PortHarcourt, Warri, Asaba, Ugheli, Awka, Onitsha, Calabar and virtual presence across the country. We are just a click away”.

“All our delivery facilities have tracking devices in them.That means we can track the movement of those bikes and vehicles and give adequate reports to our clients as per the status of their shipments,”
he said in respect of innovations and security measures CDS deploy in their operations.

In all we do, we aspire to be the best. We deliver value -added services with efficiency and transparency as our watch word.We equally want to be a household name when ever any service related to any of our brands is mentioned.Take CDS Express Delivery Limited for instance,we want to lead in the cargo-handling, and courier service sector.That’s our ultimate desire and we re getting there !

A native of Ihie Autonomous Community in Isiala Ngwa North LGA of Abia State, the Logistics tzar and astute tycoon is a very private person.

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KYARI CONTINUES NNPC BUSINESS RESTRUCTURING… AS NNPC FULLY RESOLVES $2.4BN CASH CALL DEBT

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KYARI CONTINUES NNPC BUSINESS RESTRUCTURING… AS NNPC FULLY RESOLVES $2.4BN CASH CALL DEBT

 

As NNPC, Africa’s largest energy company continues repositioning for profitability and growth in line with the deregulation of Nigeria’s petroleum industry under the PIA, Mele Kyari, its Group CEO has revealed that NNPC has successfully resolved its enduring cash-call debt of $2.4 billion to the International Oil Companies operating within the nation.

According to Kyari, NNPC Ltd is now free of any outstanding debts, noting that this significant milestone was reached after all subsidies were completely eliminated.
He said, “As professionals, just know that PMS is a major distraction to the upstream, we transfer all our resources, and cash flow to ensure that it survives and is sustained. That’s why sometimes we default in our cash flows, it is because of the distraction this has (PMS subsidies) caused NNPC as a partner. Now that distraction is gone, you will confirm that we don’t owe any cash flow, and for us to sustain this, those distractions must go away so that this industry can now produce the energy that this country needs sustainably and affordably.”

The GCEO also guaranteed that in the first half of 2025, the nation will be equipped with 12 CNG mother stations.
“By quarter one of 2025, there will be at least 12 mother stations that will be available for CNG, and not only that, we are also building a mini Liquefied Natural Gas plant that will deliver gas into the market and also sustain the quality of CNG delivery and make gas available to mini power plants across this industry in the short term.”

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