Connect with us

News

Obasanjo laments high cost of diesel on fish farming

Published

on

Former President Olusegun Obasanjo says the rising cost of diesel has adversely affected his fish business.

Obasanjo spoke on Tuesday during a south-west fish farmers’ congress held at the presidential library (OOPL) in Ogun state.

He said the high diesel price may turn fish farming into bankruptcy, adding that he is “already sweating” over the high cost.

According to Obasanjo, with the current price of diesel at N800 a litre, the production of a kilogram of fish is N1,400.

He said farmers must not sell less than N1,500 as anything short of that would lead to “outright loss”.

“If we don’t come together as an association, nationally, we will sink individually. If we come together, we will swim and survive together,” he said.

“And while we are working on coming together, I thought that the situation has arisen whereby we have to do something urgently.

“The price of diesel has gone sky high because the management of this country is not what it should be. And it is as simple as that.

“Then, what will happen is that particularly those of us who have to use a bit of diesel in producing fish, we will completely go bankrupt, and when that happens, Nigerians will still have to eat fish.”

He added that fish production would be out of reach, and “then people will be producing fish outside Nigeria and dump it here”.

“And you will go jobless, poor and indigent. So, what do we have to do? To come together… we want to sustain fish production, and we must be able to take care of those who are going to eat and those of us who are producing,” the former president added.

Obasanjo asked the farmers “how many of you are using diesel in your production? Because I use diesel, and I’m already sweating. I’m already sweating.”

News

I’m willing to appear in court, but afraid of arrest, says Yahaya Bello

Published

on

By

Yahaya Bello, former governor of Kogi, says his failure to appear before a federal high court in Abuja is due to fear of arrest by the Economic and Financial Crimes Commission (EFCC).

The EFCC is seeking to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust and misappropriation of funds to the tune of N80.2 billion.

Although the arraignment was initially scheduled for April 18, Bello was absent from court on the day.

At the resumed court session on Tuesday, Adeola Adedipe, a member of Bello’s legal team, said his client would have appeared in court but was worried about being taken into custody.

“The defendant wants to come to court but he is afraid that there is an order of arrest hanging on his head,” Adedipe said.

He asked the court to revoke the warrant of arrest issued on April 17 against the former governor.

Adedipe argued that the charge had not been served on his client as required by law at the time the warrant of arrest was made.

“As at the time the warrant was issued, the order for substituted service had not been made. That order was just made this morning,” he said.

“A warrant of arrest should not be hanging on his neck when we leave this court,” counsel to the defendant added.

However, Kemi Pinheiro, EFCC’s lawyer, argued that for the arrest warrant to be vacated, the former governor must be arraigned and take his plea.

Earlier, Emeka Nwite, presiding judge, made an order directing that the defendant should be served the charges by substituted means through his lawyers.

Continue Reading

News

Dana Air plane skids off Lagos airport runway

Published

on

By

On Tuesday, a Dana Air plane veered off the Lagos airport runway, leading to the diversion of other flights to the international airport.

In a post by X user, BelemaMhart — who boarded another airline — it was stated that there were no casualties.

“We were about to land in Lagos and the pilot announced, he had to land at international and Taxi to local airport,” BelemaMhart said.

“On getting here, we learnt Dana Air had issues on landing, that was the reason our pilot was asked to land at the international airport.

“Thank God all passengers on Dana are safe.”

Six months before this incident, the aircraft engine of a Dana Air plane reportedly exploded shortly before take-off from Lagos.

However, in a statement by the company, Dana Air denied the explosion, saying its aircraft only experienced “some operational challenges” leading to “non-scheduled maintenance”.

Also, in July 2022, the Nigerian Civil Aviation Authority (NCAA) suspended Dana Air for multiple regulatory infractions.

The authority said it suspended the operating licences of the company after “discovering that the airline is no longer in a position to meet its financial obligations and to conduct safe flight operations”.

Dana Air resumed flight operations five months after the suspension.

Continue Reading

News

FCCPC seals Abuja Chinese supermarket over discrimination against Nigerians

Published

on

By

The Federal Competition and Consumer Protection Commission has sealed the Chinese supermarket located within the China General Chamber of Commerce in Abuja, the nation’s capital.

Officials of the FCCPC stormed the premises and shut the supermarket on Monday.

The commission’s officials sealed up the place following the interrogation of Nigerian workers at the supermarket.

Recall that Nigerians had expressed outrage over a discriminatory policy implemented by the Chinese Supermarket for barring Nigerians.

The supermarket only granted exclusive entry to Chinese nationals in the country.

According to the facility manager of the complex, Shaibu Sanusi, Nigerians from outside the complex do not shop but Nigerians within can access it.

This was as facilities workers at the store disclosed that the owner of the supermarket had fled the premises.

The workers, who were largely Nigerians, disclosed that the owner of the supermarket had fled when the officials of the Commission stormed the supermarket on Monday.

The workers said that the owner of the supermarket, a Chinese lady, Cindy Liu Bei, fled on Monday at 8:26 am with her family as confirmed on the Closed-Circuit Television camera.

The FCCPC officials subsequently shut down the supermarket.

Continue Reading

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

Most Read...