PLUS NG:Daily Media Summary, Monday 15 July, 2019

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PLUS NG NEWS

Unclaimed Dividends: 2.6m Investors Register For E-Dividends — SEC – Vanguard, Page 29

The Securities and Exchange Commission, SEC, yesterday, disclosed it has taken a number of measures to drastically reduce the volume of unclaimed dividends in the Nigerian capital market, adding that presently, about 2.6 million account holders have registered for electronic dividends. SEC restates commitment to fight money laundering, terrorism financing in capital market. In a statement in Abuja, Acting Director General of SEC, Ms Mary Uduk, noted that these 2.6 million investors were already getting their dividends promptly, adding that that the commission would continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends. Uduk lamented that the volume of unclaimed dividends was still huge but  the commission is doing a lot to bring it down, especially as it had  taken various steps to ensure that shareholders benefit from their investments in the capital market.

Banks Should Resolve Excess Charges Complaints Within 30 Days – CBN – Punch Online Page

The Central Bank of Nigeria has said customers should allow Deposit Money Banks to resolve their complaints on excess charges within 30 days. The CBN, in a series of tweets on Friday, educated bank customers on how to lodge complaints. It said, “If you make a complaint to your bank, insist on getting the Consumer Complaint Management System tracking number from your bank after lodging a complaint to enable the Central Bank of Nigeria do a follow-up. “If you make a complaint to your bank on excess charges, allow 30 days for resolution, after which you can contact the CBN by sending an email to cpd@cbn.gov.ng, contactcbn@cbn.gov.ng or call +234 7002255226.” The apex financial regulator said customers complaining about card-related and funds transfer issues should allow 72 hours for resolution “after which you can contact the CBN.” “If you make a complaint to your bank on account management issues, allow 14 days for resolution, after which you can contact the CBN…” it added.

Investors Seek 3-Yr Timeline For Recapitalisaion Of Insurance Coys – Vanguard, Page 24

Shareholders in the nation’s capital market have called on National Insurance Commission, NAICOM, to consider extension of the timeline for players in the insurance industry to comply with the recapitalisation exercise. They said that the one year timeline given by NAICOM is not enough and called for three to five years period. NAICOM had, in 2018, announced tier-based recapitalisation for the insurance companies with one year timeline to comply, but dropped the idea after shareholders challenged the process in court. The NAICOM, however, announced resumption of the exercise two months ago. Sunny Nwosu, Chairman Emeritus, Independent Shareholders Association of Nigeria, ISAN, speaking on the development, said though the recapitalisation would make funds available for the companies to pursue big ticket transactions, with just one year given, the operators run the risk of non-compliance and possible take-over by foreign firms.

Nigerians Abandon 10m Bank Accounts In First Half of 2019 – Vanguard, Page 22

Nigerians abandoned 10 million bank accounts in the first half of 2019 (H1’19) prompting the number of inactive bank accounts to rise sharply by 26 percent, year-on-year, during the period. Nigerian Inter Bank Settlement System, NIBSS, disclosed this in the June 2019 edition of its ‘Industry Customer Bank Account Data’, which also showed that Nigerians opened 10.97 million bank accounts within the same period. The NIBSS data showed that the number of inactive bank accounts rose to 49.4 million in H1’19 from 39 million in H1’18. On quarterly basis, the number of inactive bank accounts rose by five percent in the second quarter of the year, Q2’19, from 46.89 million in Q1’19. On the other hand, the number of active bank accounts rose by 0.82 percent to 72.97 million in H1’19 from 72.3 million in H1’18. However, quarter-on-quarter (QoQ), the number of active bank accounts dropped by 1.1 million or 1.4 percent to72.97 million in Q2’19 from 74.03 million in Q1’19. Further analysis revealed that the number of current accounts grew by 20 percent to 29.28 million in H1’19 from 24.4 million in H1’18 while the number of savings accounts rose by seven percent to 89.8 million from 83.9 million in H1’18.

Over N7.4tn Borrowed By 100 Bank Customers In Three Months – Punch Online Page

About 100 customers of Deposit Money Banks borrowed the sum of N7.44tn during a three- month period covering January to March this year. An analysis of the banking sector credit showed that the N7.44tn borrowed by these 100 customers represented about 47.43 per cent of the N15.21tn granted to the entire economy during the three months period.  Further analysis showed that 1.88 million customers borrowed the balance of N7.76tn which was about 52.57 per cent of the entire N15.21tn borrowed during the period.  Further analysis showed that customers in the oil and gas sector borrowed the highest amount of N4.68tn. This was followed by manufacturing with N2.23tn, while government, commerce, finance and insurance and power had loan portfolio of N1.37tn, N1.03tn, N954.6bn, N682.93bn respectively. Agriculture sector had loan portfolio of N648.89bn, construction N642.87bn, information technology N607.95bn, real estate N599.39bn, transportation N316.95bn and capital market N227.26bn.

Stock Market Transactions Dip By 41% To N937.8b – Nation, Page 23

Transactions at the Nigerian stock market have dropped by 41.3 per cent to N937.8 billion in the past six months as investors rued macroeconomic uncertainties amid political risks and increased insecurity. Official reports by the Nigerian Stock Exchange (NSE) tracked by The Nation at the weekend showed that total transactions at the equities market stood at N937.79 billion during the past six months, a decline of 41.3 per cent or N659 billion from N1.597 trillion recorded in the corresponding period of 2018. The performance in first half 2019 however represented a marginal increase of 0.27 per cent or N2.53 billion on N935.26 billion recorded in first half of 2017. The reports showed the market appeared to follow the political trend with headline performances during the key political months. Transactions built up in February, which was earlier scheduled for the general elections and slowed down in the next month following the postponement of the general elections and rescheduling to March.

Stock Market Report – July 12

ALL SHARE INDEX           28,566.79

DEALS                            2,707.00

VOLUME                         100,373,875.00

VALUE                            N1,459,612,583.73

EQUITY CAP                    N13,922,041,087,469.36

BOND CAP                      N12,193,750,555,488.50

Labour Dialogues With Ecobank

Parties Hope for Amicable Resolution of Issues Concerning Disengaged Contract Workers

Members of the organized labour under that aegis of the Nigeria Labour Congress (NLC) have entered into dialogue with Ecobank over the Bank’s non-renewal of the contract of its third party recruitment agencies. The dialogue which commenced yesterday is at an advanced stage and a source at the meeting confirmed that officials of both bodies had fruitful discussions and was optimistic of a speedy resolution. It would be recalled that officials of NLC in collaboration with its affiliate Nigeria Union of Banks, Insurance and Financial Institution Employees (NUBIFIE) had picketed the head office of Ecobank on Victoria Island on Thursday over what they called non consultation before Ecobank severed relationship with the contract workers, a development they said had thrown some of their members into the labour market. However, Ecobank management had in a statement maintained that it did not disengage its staff, stressing that the bank decided not to renew the contract of its third party recruitment agencies which expired recently and as such returned this category of personnel back to these agencies who are their employers. The Bank had maintained that it was part it’s business strategy to invest in the employment of full time graduates and as over 300 graduates are currently undergoing training at the it’s state of the art Academy which was recently accredited by the Chartered Institute of Bankers of Nigeria (CIBN), adding that they are to be absorbed into the system at the end of their training as permanent staff.

Ecobank Renews Commitment For Wealth Creation, Sustainability – Guardian, Page 26

Ecobank Nigeria has pledged commitment to the advancement of ideas that would lead to wealth creation and its sustainability through several generations. Besides, the bank said it is of mutual interest and benefits to support businesses to achieve sustainable wealth that is passed down from one generation to another, through its advisory arm, as such would reflect on its operations. The Managing Director of Ecobank Nigeria, Patrick Akinwuntan, who made the observations during a breakfast session organized for its premier banking customers, said the bank is committed to having regular sessions to educate customers on ways to ensure their businesses outlive them and successfully transit to another generation afterward. Organized in conjunction with the bank’s Securities, Wealth and Asset Management (SWAM) unit in Lagos, he pointed out that financial institution, which has footprints in 36 countries in Africa, is well-positioned to advise and give access to customers to other African markets. “We believe that successful individuals, companies and businesses are just more about ensuring that they endure from generation to generation. That is mostly of significant interest to us. “So, what we are trying to do is to expand the network or thought process and the access to information, access to markets and opportunities that can further improve the wealth creation, generation and sustenance and also, how to expand the coast further. “We know how to provide relevant advice to help work with our customers to protect the value of their wealth to growing it and sustaining it from one generation to another.”

Access Bank UK Balance Sheet Up 36% – Thisday, Page 28

Access Bank UK used its annual Access Bank Polo Day held at the weekend to announce its results, which showed another year of business growth. The international subsidiary explained that all its four strategic business units returned double-digit growth, adding that in only its second year of operations the importance of its investment in Dubai was demonstrated by a 200 per cent increase in income. According to a statement, for the 11th year running, the bank didn’t record any non-performing loans, with corporate responsibility and exemplary corporate governance playing a key role in the growth of the bank. The polo day was the culmination of a year-long programme, part of its fund raising in partnership with UNICEF for education projects in northern Nigeria in particular. A total of N350 million (UD$970,000) were pledged during the day to build and equip 70 new classrooms, for children’s education in Northern Nigeria.

First Bank Unveils Visa Multi-Currency Card – Nation Online Page

First Bank of Nigeria Limited has introduced the Visa Multi-Currency Card, which can be linked to naira, dollar, euro and Pound Sterling accounts. In a statement, the bank said with the Visa Multi-Currency card, its customers – within and outside Nigeria – can now enjoy the luxury of having their local and foreign denominated accounts in any currency, linked to a single Debit card. The card is designed to ease  cashless transactions for customers anywhere they are across the world. Among the many benefits of the Visa Multi-Currency card are Point of Sale and Online purchases, access to and use of ATMs worldwide. There is no cash collateral requirement prior to its issuance. The bank’s Group Executive, e-Business & Retail Product, Chuma Ezirim, said: “FirstBank takes pride in pioneering the Visa Multi- Currency Card in the country, as we remain committed to providing products and services that are designed to ensure the banking convenience of our customers regardless of their location.

GTBank Named Best Bank In Africa At Euromoney Awards – Vanguard, Page 22

GT Bank Plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London. The bank was also named the Best Bank in Nigeria for a record ninth time, reflecting the Bank’s position as one of the best managed financial institutions in the country, with strong and focused leadership that keep the business in a constant state of re-invention and innovation. Now in its 50th year, Euromoney is the leading publication for covering the growth of international finance. Euromoney’s Awards for Excellence are the awards that matter to the banks and bankers who matter. Commenting on the Bank’s Euromoney awards, the Chief Executive Officer of GTBank, Segun Agbaje, said “We are delighted and proud to win the Euromoney Awards for Africa’s Best Bank and Nigeria’s Best Bank. These awards reflect the progress we are making in delivering the best banking experience that captures what customers want in the world of today and tomorrow. They are also a testament to our leading role in driving world class corporate governance standards, excellent service quality and innovation in Africa’s banking industry.”

Okpanachi Highlights Role Of DBN – Thisday, Page 23

The Managing Director, Development Bank of Nigeria (DBN), Mr. Tony Okpanachi, in a recent interview, explained factors that differentiate the Bank from other business and industry lenders. With a lot of financial hitches facing MSMEs in Nigeria, despite the growing number of lenders in the country, he explained DBN’s effort to bridge the gap by opening its loan range to cover businesses in all sectors.  Speaking on what sets DBN apart from other lenders, he said, “When SMEDAN carried out their survey in 2015, it puts the number of MSMEs in Nigeria at about 37 million. So, no single financial institution will be able to do it all. The Bank of Industry focuses on industry and in some cases SMEs. NEXIM bank is providing exporters with funding. While the Bank of Agriculture focuses strictly on how to provide funding to farmers.  For us at DBN, the difference is that most of these other institutions focus on specific sectors or areas, but DBN’s focus is on the whole gamut of the MSMEs space.” DBN provides loans for legitimate businesses in all sectors of the economy as a wholesale DFI, which is what distinguishes the bank from the other lending banks, he explained.

FCMB Partners Firm To Boost Foreign Education – Guardian, Page 23

First City Monument Bank (FCMB) in partnership with MOD Education, organized a two-day training on International English Language Testing System (IELTS) in Lagos to help candidates seeking globally recognized and approved language skills. The skill is required to pursue and fulfill academic aspirations in tertiary institutions abroad, and some schools in Nigeria. The Executive Director, Retail Banking, FCMB, Olu Akanmu, while responding to media inquiries, said the bank was very deliberate in packaging this program and commended government’s efforts towards accelerating development in various spheres, but underscored the need to prioritize education as a sector that deserves a very critical and urgent rescue.

“The education program FCMB has partnered MOD to execute, is focused on young people and persons who aspire to study abroad or at some high-quality institutions of international standard in Nigeria.”

Conoil Plc Grows Profit After Tax By 54% To N325m In Three Months – Thisday, Page 41

Petroleum product marketing firm, Conoil Plc has reported a jump of 54 per cent in its profit after tax for the first quarter ended March 31, 2019, following efficient cost management. While the company grew its revenue by 13.8 per cent, from N31.3 billion, to N35.6 billion, significant reduction in distribution, administrative and finance costs enhanced its bottom-line. Cost of sale rose from N28.3 billion to N32.7 billion, making gross profit to decline marginally from N3.1 billion to N3 billion. However, distribution expenses fell from N650 million to N449 million, just as administrative expensive reduced from N1.669 billion to N1.556 billion. Finance cost fell from N525.9 million to N506.52 million. Consequently, profit before tax increased from N310.73 million in 2018 to N478.2 million, while PAT rose from N211.29 million to N325 million in 2019. Market operators said if the Q1 performance could be sustained in the second quarter and throughout the year, shareholders should expect higher dividend.

Seplat To Increase Shareholders’ Value With $700 Million Gas Investment – Guardian, Page 26

As part of efforts to increase shareholders’ return on investment, Seplat Development Company Plc has announced plans to accelerate the development of its $700 million ANOH investment to deliver first gas by the first quarter of 2021. According to the company, the project is funded through equity of $420 million, among other financing options, with government offsetting $210 million, while the remaining would be funded by Seplat. Addressing stockbrokers at the “Facts Behind the Project” held in Lagos at the weekend, the Managing Director of the company, Austin Avuru, said that the government has already paid $150 million out of the estimated $210 million. “Government has already paid $150 million and when you compare the sustainability of the project with the government’s risk, the biggest risk is whether they will pay up the money with the equity. It is only $60 million that is left,” he said.

Minimum Wage: TUC Warns Of Imminent Strike – Punch, Page 30

The newly elected President of the Trade Union Congress, Quadri Olaleye, on Sunday said the union would issue an ultimatum for an industrial action if the Federal Government continued to delay the implementation of new N30,000 minimum wage. In an exclusive interview with our correspondent, Olaleye said that TUC had begun mobilising workers ahead of an industrial action, accusing government of showing no serious commitment to the implementation of the minimum wage. Representatives of the Joint National Public Service Negotiating Council on the technical committee set up to negotiate consequential adjustments arising from the new minimum wage, had disagreed with the government proposal of 9.5 per cent salary increase for employees on Grade Levels 07 to 14 and five per cent for those on Grade Levels 15 to 17. The council said it would not shift position on its demand for 30 per cent increase for officers on grade levels 7 to 14 and 25 per cent increase for grade levels 15 to 17. Olaleye said, “We have made presentation to the Federal Government on this issue but it seems that the government is not ready to yield to the expectation of Nigerian workers. We are supporting the JNPSNC on this issue.”

Fasoranti’s Daughter: IGP Special Forces Comb Ondo Forest, Afenifere, Ohanaeze Attack Buhari – Punch, Page 2

The Inspector-General of Police Special Forces and policemen from the Ondo State Command have moved into the state government reserve with the purpose of hunting for herdsmen, who allegedly killed Mrs Funke Olakunrin, a daughter of the Afenifere leader, Chief Reuben Fasoranti. The Ondo State Police Command Public Relations Officer, Mr Femi Joseph, who gave this indication in an interview with one of our correspondents in Akure on Sunday, said policemen had been deployed in the state government forest, which the killer herdsmen had converted into their camp. The police said this on Sunday just as Afenifere, the Ohanaeze Ndigbo and some Middle Belt groups said President Muhammadu Buhari was not showing commitment to security in the South and the Middle Belt. Olakunrin was killed on Friday at Kajola village in the Odigbo Local Government Area of Ondo State when gunmen ambushed vehicles along the Ore-Sagamu Expressway. Assuring Nigerians that killers of Olakunrin would be fished out, Joseph said, “We are working with the IGP team. The more we are, the more successful we are. As I am talking to you now, our teams are in the bush and we have made some arrests, but we can’t disclose the number because we are still carrying out some investigations.”

Army Redeploys Adeosun, Yusuf, Others In Major Shake-Up – Nation, Page 43

Newly promoted Lt.-Gen. Lamidi Adeosun has been appointed Nigerian Army’s Chief of Policy and Plans (CPPLANS) in a major shake-up announced last night by Army Headquarters. The posting also saw the deployment of the General Officer Commanding (GOC) 81 Division Maj.-Gen. Musa Yusuf and the confirmation of Maj.-Gen. Bulama Biu as GOC 7 Division, among others. According to a statement by acting Army spokesman Col. Sagir Musa, the posting was approved by the Chief of Army Staff (COAS) Lt.-Gen. Tukur Buratai to reinvigorate the system for greater professional efficiency. The statement: “The highlight includes the appointment of the newly promoted Lt. Gen L.O. Adeosun, the erstwhile Chief of Training and Operations now redeployed as Chief of Policy and Plans (Army), Maj.-Gen A.O Shodunke from Army Headquarters Department of Army Standards and Evaluation to Defence Headquarters as Chief of Defence Logistics. “Maj-Gen. A.A. Tarfa from Martin Luther Agwai International Leadership and Peacekeeping Centre to Training and Doctrine Command Minna as Commander, Maj.-Gen. E.O. Udoh from the Army Headquarters Department of Logistics becomes Chief of Training and Operations (Army). “Maj.-Gen. Yusuf, who was the GOC 81 Division, is now Chief of Administration (Army), Maj.- Gen. J.I. Unuigbe the former Corps Commander Ordnance becomes the Chief of Logistics (Army) while Maj.-Gen. O.F. Azinta former GOC 2 Division is appointed Chief of Army Standard and Evaluation.

Ogun Gov: We Won’t Allow Benin Republic To Take Oil-Rich Tongeji Island – Thisday, Page 50

Ogun State Governor, Dapo Abiodun, has declared that his administration would not allow the oil-rich Tongeji Island that shares boundary with the Republic of Benin, to be taken away by Nigeria’s neighbouring country. Abiodun said his administration was determined to do all in its power to make life meaningful for the citizens of the state living within the Island located in Ipokia Local Government Area (LGA) of the state, Abiodun who made this known at the weekend when he received the Nigerian Ambassador to the Republic of Benin, Ambassador Emmanuel Kayode Oguntuase, and the Flag Officer Commanding Western Region (FOC), Rear Admiral Oladele Daji, noted that the Island had been on his administration’s radar because of its huge deposit of petroleum resources. According to him, the Island is of huge interest to his administration. Abiodun said the visit of the ambassador would only make his administration to act even quicker and ensure that the Republic of Benin that shares boundary with the state does not take advantage of the Island. He added that state government would set up a team to visit the Island soon on a fact-finding mission and to find out what could be done to assure the people of the area that they have not been forgotten.

Appeal Court Orders Release Of Dasuki From Detention – Guardian, Page 1

The Court of Appeal in Abuja has declared the continued detention of former National Security Adviser (NSA), Col. Sambo Dasuki (rtd), by the Department of State Services (DSS) as illegal, unlawful and unconstitutional. Consequently, the court ordered Dasuki’s release on conditional bail. The appellate court held that the DSS and its director-general acted outside their constitutional powers on the long period of the detention of the Nigerian and imposed a fine of N5million on them to be paid to Dasuki as compensation for the breach of his fundamental right. In the unanimous judgment of a three-man panel led by Justice Tinuade Akomolafe-Wilson, the court held that the fundamental right of the former NSA had been brazenly and brutally breached by the prolonged detention without trial over any fresh charge or investigation contrary to the provisions of the 1999 Constitution. In the lead judgment of Justice Akomolafe-Wilson, Dasuki, who has been in detention since December 29, 2015, was subsequently admitted to bail with N100 million and two sureties in the like sum. The two sureties shall be serving public servants, not below the status of level 16 officers in either state or federal public service or any of its agencies and shall produce valid documents of his or her status to the registrar of the Abuja Federal High Court.

I Make N18,000 Daily From Pickpocketing, Says Suspect – Guardian, Page 13

A suspected pickpocket arrested in Computer Village, Ikeja area of Lagos State has confessed to operatives of the Lagos Rapid Response Squad (RRS) that he made at least N18,000 daily selling stolen phones. The suspect, Lawal Daodu, 31, was arrested on Friday at about 5:00 p.m. when he unsuccessfully picked a phone from the pocket of a passerby in Ikeja Under-Bridge. Lawal, who had before his arrest picked two android phones from passersby was removing another android phone from the pocket of another victim when the phone incidentally fell from his hand thus drawing the attention of its owner. He was promptly arrested by the RRS officers attached to the Armoured Personnel Carrier (APC) stationed at Ikeja Under-Bridge. Just as the suspect was explaining the source of the phones in his possession, one of his victims, who was trying to catch a glimpse of what was happening saw his phone in the suspect’s hands. Lawal in his confession to the police explained that he operates in Computer Village, Ikeja and Tafawa Balewa Square, Lagos Island. “On Friday, I was in Computer Village as usual. I have picked two phones in the morning, which I sold to my customers in Computer Village.

Father, Son Beheaded In Cross River – Punch Online Page

A father and his son have allegedly been beheaded on a farm in Cross River State following renewed communal clashes between the Ebom and the Usumutung. Our correspondent gathered that on Saturday, some people from Usumutung allegedly ambushed farmers from Ebom on their farms and murdered one Mr Ato Oti and his son, Sunday. It was also learnt that Ato’s grandson, simply called Michael, narrowly escaped with bullet wounds. The village head of Ebom, Chief Sunday Obite, confirmed to journalists that three persons were still missing after the attack, while the headless bodies of the victims had been recovered with the help of soldiers deployed in the communities since the crisis started last year. Obite said, “Ato and his family were harvesting cassava when they were attacked by the Usumutong people. According to the grandson, who is currently receiving treatment in hospital in Itigidi due to the bullet wounds he sustained, he saw them cutting off his grandfather and his father’s head from his hiding place in the bush. “They even made the wife, Eliza Oti, to watch while they beheaded her husband and her son, and asked her to take the message to her people. “We believed that since soldiers were present in the communities, peace had returned but we have been proved wrong once again; even as they stole our farm produce, we kept mute; but now they have started again by killing a father and his son in the presence of the wife.”

Flood Destroys 300 Houses, Sacks 2,000 Residents In Anambra – Guardian, Page 12

About 300 houses were destroyed and 2,000 residents of Okpoko community in Ogbaru Local Government Area of Anambra State rendered homeless following a flood that ravaged the area. It was gathered that most residents have fled their homes while others have had their belongings buried in the sand. Some government institutions including a secondary school and Okpoko secretariat were also affected by the flood. Speaking to newsmen yesterday, President General of the community, Edwin Emesinwa, said about 100 buildings with over 700 occupants, including landlords and tenants were either pulled down or sand-filled to roofing level. He revealed that over 1,300 of those living along Obodoukwu road were also rendered homeless while the roads remained impassable. He said: “Since the commencement of this year’s rainy reason, it has been destruction galore in Okpoko. Nobody is spared anytime it rains. Most parents don’t allow their children to go to school if it rains, while they will rush to pick those already in school before they will be carried away by the flood. “Areas most affected include Ezeakunne street, Unity Comprehensive secondary school and environs, Okpoko secretariat, and Obodoukwu road where the 15-feet deep sakamory drainage system has been completely filled with sand.”

Five Nabbed For Killing Man Wrongfully Accused Of Stealing Phone – Punch, Page 4-5

Personnel of the Lagos State Police Command have arrested five suspects for beating 22-year-old Olamide Omolegbe to death after a trader, Bolanle Muhammed, wrongfully accused him of stealing her phone in the Badore area of Ajah. It was learnt that the suspects, Bolanle, Wasiu Wahab, Ramon Ibrahim, Junior Adebayo and Yusuf Adegbite, allegedly dumped the deceased’s corpse in the lagoon after perpetrating the crime. The state Police Public Relations Officer, Bala Elkana, in a statement on Sunday, said investigation revealed that Bolanle’s son actually stole the phone, adding that Omolegbe’s corpse was recovered by detectives. He stated that the suspects, during interrogation, confessed to the crime, adding that the state Commissioner of Police, Zubairu Muazu, had ordered that the case be transferred to the homicide section of the State Criminal Investigation and Intelligence Department, Panti, Yaba, for diligent investigation and prosecution of the suspects Elkana said, “On Tuesday, July 9, 2019, around 11.30am, the Langbasa Police Station received a complaint that on Monday, July 8, 2019, around 8pm, one Olamide Omolegbe, 22, of GRA Abijo, was killed. The deceased was accused of stealing a phone by one Bolanle Muhammed at her soft drinks’ shop in Badore, Ajah.

One Killed As Mob Sets Oyo Police Station Ablaze – Punch, Page 4

Following the rumoured death of a motorcyclist, Sule Ikuforiji, who was said to have been mistakenly shot by a sergeant at Iwo Road, Ibadan, on Saturday, an irate mob descended on police facilities and burnt down the Alakia-Adelubi Police Division and destroyed six vehicles in the process. The Oyo State Commissioner of Police, Shina Olukolu, in a statement he personally signed on Sunday and titled: ‘The unfortunate shooting incident in Ibadan involving the police: Facts against fiction’, condemned the mob action and regretted the shooting of another man by the police in the ensuing melee. Olukolu said a six-man police patrol team from the Alakia-Adelubi Division, led by an inspector, sighted a motorcyclist with four passengers and flagged them down for routine stop and search, adding that the men refused to stop and proceeded to run away. He stated, “Due to the positioning of the men, the armed sentry, Sergeant Sunday Ogunkanmi, who was the last man on the professional positioning, made efforts to stop the motorcyclist and his passengers and consequently, there was a scuffle and they all fell down. “While the others took to their heels, the apparently already cocked weapon was fired and hit the motorcyclist on the left elbow and grazed his ribs hence, he was hospitalised.

Four Killed, Many Injured As Container Falls On Passersby In Lagos – Guardian, Page 12

It was a black Sunday in Lagos yesterday as a truck laden with a container rammed into some passersby and a commercial motorcycle operator, otherwise known as Okada rider, killing four persons at the Agboju area of the state at about 6:00 p.m. The truck reportedly had a brake failure and ram into the victims while the container the truck was carrying fell on passersby, injuring many others. Details of the accident were still sketchy as at the time of filing this report, but a senior police officer who spoke on the condition of anonymity as he was not supposed to speak to the press, said: “Yes, it is true. A truck conveying a container ran into some passersby at Agboju bus stop and killed four persons. Many people were injured too. I don’t know how many were injured, but about six persons have been rushed to the hospital. We are trying to evacuate the bodies of four persons crushed by the container. “We have been warning truck drivers that the roads are bad and that they should keep their vehicles in order. We have also warned them to latch their containers, but they won’t do it. It is pathetic because more people who sustained varying degrees of injuries may later die due to the severity of the injuries.”

Our Native Doctor Asked Us To Get Skulls Of People We Know For Money Rituals’ – Nation Online Page

Three suspected ritualists have told the police that their native doctor asked them to get the skulls of people they know for rituals. Sunday Mathew (52), Samuel Olaniyi (65) and Uchenna Olewunne (49) were arrested with a human skull  on July 6, 2019, at Iju, near Ota, Ogun State by operatives of the Inspector General of Police Intelligence Response Team (IRT). They claimed, during interrogation, that the native doctor told them they must know the  name  of  anyone   whose skulls they would be using, and members of his family, among other information.’’ They paid the native doctor N45,000 which he used to prepare a special concoction with the human head. Sources said they have given the names of  other members of their syndicate to their interrogators. It was also gathered that  the suspects on July 9 took detectives to the family of one of the deceased whose body they exhumed. The deceased was identified by his family as Idowu Jimoh, who died at the age of 19 on November 15, 2018 following a brief illness and was buried behind his family house. One of the suspects, Samuel Olaniyi, is said to be  related to the family of Idowu Jimoh. Matthew  who claimed to be a farmer from Ipokia , Ogun State said it was his first time of participating in exhuming human remains for rituals.

Mahrez Fires Algeria Into AFCON 2019 Final – ThisDay, Page 54

Nigeria’s dream of a fourth Africa Cup of Nations (AFCON) title ended last night as Super Eagles lost 1-2 to Algeria in the second semi final decided in Cairo, Egypt. Manchester City winger, Riyad Mahrez fired Algeria into the AFCON final with a sensational free-kick into the far corner in the dying seconds of the five added minutes to the regulation time. It is Algeria’s first final since lifting the trophy as hosts in 1990. An own goal by William Troost Ekong in the first half gifted the Desert Foxes the lead. A Video Assistant Referee (VAR) review however earned Nigeria a penalty resulting from Aissa Mandi’s handling of Oghenekaro Etebo volley from outside the box. Odion Ighalo converted the spot kick to rekindle hope for Nigeria. An injury to Youcef Atal, who fractured his collarbone during the quarterfinal win over Ivory Coast on penalties, forced Djamel Belmadi to start Mehdi Zeffane at right-back, while Nigeria fielded the same team that overcame South Africa here. Algeria supporters filled most of the lower tier at one end of the ground, dwarfing a small section of Nigeria fans, but there were large swathes of empty seats at the 75,000-capacity Cairo International Stadium. Leading scorers in the tournament and considered the most impressive side, Algeria quickly asserted themselves as Ramy Bensebaini headed narrowly over before a wicked Youcef Belaili cross nearly lead to a goal for Baghdad Bounedjah.

Algeria ‘Deserved’ Semi-Final Win – Rohr – AFP Sports

Nigeria coach Gernot Rohr said Algeria were worthy winners after Riyad Mahrez’s last-gasp free-kick sent his team through to a first Africa Cup of Nations final in 29 years. Manchester City winger Mahrez fired in from 20 yards with the last kick of the game in Cairo to clinch a 2-1 victory after Nigeria forward Odion Ighalo had cancelled out a first-half own goal by William Troost-Ekong. “It was a big fight until the last minute. Algeria did better in the first half than us but we came back in second half and we conceded this goal in the last minute,” said Rohr.  “I think the players wanted to go to extra time and believed Algeria would be tired and they could win in it extra time.” “I have to congratulate the players for a big fight against this very good team. They won it in the last minute and they deserved it,” he added. Rohr again lauded the resilience of his team, which bounced back strongly to a shock loss to Madagascar by eliminating holders Cameroon and beating South Africa, but they had no time to respond to a stroke of genius from Mahrez.  “It was a wonderful match, but we lost it so we are not happy. We scored an own goal which was unlucky but we came back like throughout the tournament when there was something difficult against us,” he said.

Pre-Season Goal Thrills Moses – Punch, Page 47

Moses scored after nine minutes as the Yellow Canaries defeated Turkish second division club Boluspor 2-0 on Sunday. Tolga Cigeri sealed the win for Fenerbahce from the penalty spot in the 69th minute. While commenting on the game via his verified Twitter handle, the winger said, “Great to get the first minutes of preseason under my belt and nice to be back on the score sheet too.” The 28-year-old also dismissed reports linking him with a move to Italian club, Inter Milan this summer, insisting he will remain with Fenerbahce for the new season. The former Nigeria international had been linked with a reunion with former Chelsea manager Antonio Conte, who is now in charge at Inter. The pair won the Premier League title and the English FA Cup together while at Stamford Bridge. Moses, who joined Fenerbahce on an 18-month loan deal from Chelsea, told Turkish media that his aim was to honour his contract and justify his move to the club.

Omeruo Sees Brighter Future For Super Eagles – Vanguard, Page 44

Super Eagles defender, Kenneth Omeruo said the future was bright for the national team because of the many young talents in the squad. Omeruo, John Obi Mikel and Ahmed Musa are the only players in the 2013 Africa Cup of Nations winning squad currently in Egypt. And according to Omeruo, with a good technical crew the team will surpass all expectations in a matter of two or three years. “Nigeria have had some good players who are older now. But now we have talents that in the next two to three years will become great players. “But I think we have a solid technical crew that are solid and can go extra miles to get us everything we need to know about our opponents even before we face them which is an advantage to us,” Omeruo said before the Eagles took on Algeria in yesterday’s semi-final against Algeria.

Griezmann Joins Barca On A Five-Year Deal –Guardian, Page 61

Antoine Griezmann began the formalities of fitness and medical tests on his first day of pre-season as a Barcelona player yesterday. The World Cup winner visited his new club’s training ground for routine examinations a day after arriving in Catalonia. Griezmann, 28, joined Barca on a five-year deal after the LaLiga champions triggered his €120million release clause at Atletico Madrid. His next official duty will be to meet the media for a photo session and news conference before training begins today. Ernesto Valverde is expected to run the rule over more than a dozen first-team players, including €75m acquisition Frenkie de Jong, with one eye on the upcoming trip to Japan. Barca face Chelsea and local club Vissel Kobe, now home to Andreas Iniesta, on July 23 and 27 respectively. Lionel Messi, Luis Suarez, Philippe Coutinho and the Blaugrana’s other Copa America representatives will not be present for the start of pre-season training, having been afforded additional time to recuperate.

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