News
SEC seals offices of Agropartnerships and Oxford International Group for fraud
The Securities and Exchange Commission (SEC), today, sealed the premises of three companies for allegedly engaging in illegal investment activities.
The affected companies are Oxford International Group, Farmforte Agro-Allied Solutions Limited/Agropartnerships and Vektr Capital Investment.
The apex capital market regulator accused the companies of carrying out capital market activities without a license.
One of the companies — Agropartnerships, an investment platform powered by Farmforte — has been in the news in recent weeks for failing to pay their investors’ money, both capital and profit.
SEC Seals Oxford International Group, Farmforte Agro Allied Solutions Limited/Agro partnerships and Vektr Capital Investment for unlicensed and alleged illegal Investment Activities pic.twitter.com/yZ8xLZeTbo
— SEC Nigeria (@SECNigeria) March 14, 2022
According to a statement issued by the commission, the offices of the companies in Lagos, Port Harcourt and Abuja were shut down for carrying out investment operations that fall within the ambit of fund management without registration.
“These companies do not have registration of the SEC to conduct fund management activities and have been found to promise exorbitant rates of returns to lure investors. The SEC has exercised its powers under Section 13 (w) Investments and Securities Act 2007, to shut them down,” the statement reads.
“The commission hereby notifies the investing public that none of these entities or their investment platforms are registered by the SEC.
“The public is hereby reminded that it is unlawful for any private enterprise whether incorporated as a company or not, to solicit funds from the public by whatever means, to fund its private ventures as doing this will be in contravention of the Investments and Securities Act, 2007.”
SEC, therefore, advised the public to always confirm from the commission whether an entity providing investment services has been duly registered and whether the investment schemes are authorised by it.
News
Internal Security: Police EOD Recovers Explosives, Prevents Calamity In Borno
As IGP Commends Officers, Assures of Continuous Strides in Ensuring Safety, Security
The Nigeria Police Force Explosive Ordnance Disposal Unit has again successfully recovered unexploded military ordnances in Maiduguri on 22nd November 2024, following reports from vigilant residents.
Acting swiftly, the Explosive Ordnance Disposal – Chemical, Biological, Radiological, and Nuclear (EOD-CBRN) team was deployed to secure the affected areas.
All ordnances were safely evacuated without any loss of life, injury, or property damage, and normalcy has been restored.
In the Dala Kacchallah area, the operatives recovered six (6) unexploded projectiles and one (1) mortar bomb near an uncompleted building.
Reports indicate that the items, washed ashore by recent flooding, were abandoned by local scavengers. Similarly, at the Gwange Riverbank, a military hand grenade was discovered.
In both instances, the EOD-CBRN team safely removed the ordnances, declared the areas safe, and conducted explosive risk awareness campaigns to sensitize residents.
Commending the professionalism and prompt response of the EOD-CBRN Unit, the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D, NPM has assured Nigerians of the Force’s commitment to ensuring public safety and security.
The IGP also noted that the EOD team in Borno State has been consistent in responsiveness and professionalism in preventing series of calamities as many IEDs have been safely recovered in many instances within the state. Investigations are ongoing to trace the origins of the recovered items and to prevent future occurrences.
The Inspector-General of Police urges members of the public to refrain from handling suspicious objects and to promptly report such discoveries to the police.
The Nigeria Police Force remains steadfast in its mandate to protect lives and property across Maiduguri and its environs.
ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI
FORCE PUBLIC RELATIONS OFFICER
FORCE HEADQUARTERS, ABUJA
23RD NOVEMBER, 2024
News
Fire guts LAUTECH teaching hospital
Property worth millions of naira were on Saturday destroyed at the Ladoke Akintola University Teaching Hospital in Ogbomoso, Oyo State, as a result of a fire incident.
The incident, which happened around 5 am in a paediatric consultant’s office, affected electronic gadgets, engines, books, office equipment, roofs, and others worth millions of naira.
A credible source told our correspondent that the fire incident was suspected to have started from an electric spark.
It was learnt that about 16 patients had to be quickly rushed out of the ward.
However, in a statement sent to PUNCH Online in Ibadan, the state capital, on Saturday, the Public Relations Officer of the institution, Ogunleye Omotayo, said no life was lost in the fire incident.
The statement read, “The management of the institution wishes to state that the fire incident that occurred early this morning (Saturday), as carried by some news media, was put out without any remarkable damage to the hospital.
“Noting that no human damage was recorded in the incident, the management wishes to state that Investigation is still ongoing with regard to the cause of the incident.
“At the moment, light has been restored, and work activities have resumed in the section where the fire incident took place.
“The management wishes to thank all staff, the state Fire Service, and all other well-wishers for their concerns and prompt response. The fire incident raised no cause for alarm. Everyone is advised to go about their normal daily activities without fear.”
News
Nothing wrong having a Christian as Alaafin of Oyo, says Oladigbolu
Rahman Oladigbolu, a Nigerian filmmaker, says he sees no reason why the Alaafin of Oyo cannot be a Christian.
Two years ago, Lamidi Adeyemi, Alaafin of Oyo, died at the Afe Babalola Teaching Hospital, Ado Ekiti, after battling an undisclosed illness.
He was 83 years old and had been on the throne for 52 years — the longest-reigning Nigerian monarch at the time.
Since his death, the throne has been vacant.
Speaking in an interview with Rudolf Okonkwo, Oladigbolu, a prince in the Oyo kingdom, said religion should not be a factor in the selection of the next Alaafin.
“In Oyo, where I came from, we are trying to select a new king. It has been the tradition for some decades that the Alaafin of Oyo will be a Muslim,” he said.
“Now, we have some Christians among the people vying for the position, and there are discussions about whether Oyo can have a Christian Oba. Of course, if you can have a Muslim Alaafin, I see no reason you can’t have a Christian Alaafin.
“The whole point should be to ensure that people would not be talking about religion in issues like this, but it is difficult because of the agenda of people wanting to impose their religion on others.
“So these are where all the problems still lie, and until we’re able to understand it, I don’t see how we can move forward.”
Oladigbolu said education and enlightenment are necessary to solve division caused by religion.
“It is only enlightenment that can carry people to the point where religious considerations no longer matter in societal affairs,” he said.
“When people are enlightened to the point where it doesn’t, then it won’t.
“But today, they still see each other from their religious prism because even the behavior of people that occupy positions in society gets influenced by religion.”
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