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Security officers arrested for stealing from Eastern Palm University

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Two members of the Imo Community Watch, which was established by the state Governor, Rochas Okorocha, have been arrested by operatives of the Federal Special Anti-Robbery Squad, Akokwa Annex, for alleged stealing and gunrunning.

The suspects – Chukwuma Madueke, 36; and 40-year-old Chieleka Obejiri hail from Obiohia in the Ideato South Local Government Area of the state.

According to reports, the suspects were arrested by a team of FSARS operatives led by their commander, Banjoko Idahosa, while allegedly stealing from the store of Eastern Palm University, Akokwo.

A police source said the suspects, who were posted on security duties to the university, made away with the school’s building materials valued at N917,000.

He said, “Chukwuma Madueke and Chieleta Obejiri, who are members of the Imo Community Watch, were arrested on September 14 for stealing the university’s property, having broken into a store in the night.

“It was not a one-day operation. They consistently did it until luck ran out on them. A worker at the university, Emeka Obejiri, caught them one night and reported to us.

“We mobilised our men and lay in ambush for them in the school; they were caught in the act.”

The source said a search was conducted on the houses of the suspects, adding that one pump-action rifle and one single-barrelled gun with live cartridges, were recovered from them.

It was futher revealed that the suspects bought the guns and cartridges from a 60-year-old man, Christian Duru, from Mgbe, in the Orlu LGA and one Christopher Omieri, 65.

He said the suspects had been leveraging on their positions to commit crimes, adding that “it was because of these crimes that CP Chris Ezike, approved the formation of SARS annex in Akokwa.”

Source: ( Punch Newspaper )

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2020 Finance Bill Exempts Minimum Wage Earners From Tax: Buhari

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President Muhammadu Buhari has revealed that the recently proposed 2020 Finance Bill will exempt workers earning the minimum wage from paying tax.

Buhari disclosed this on Monday in a speech delivered virtually by Vice President, Yemi Osinbajo at the opening session of the 26th Nigerian Economic Summit Group Conference themed: “Building Partnerships for Resilience.”

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

“We are proposing in the new Finance Act that those who earn minimum wage should be exempted from paying income tax,” he was quoted as saying in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Laolu Akande.

“These provisions which complement the tax breaks given to small businesses last year will not only further stimulate the economy but are also a fulfilment of promises made to take steps to help reduce the cost of transportation and the impact of inflation on ordinary Nigerians.”

 

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Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

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Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

Zainab Ahmed

Minister of Finance, Budget and National Planning, Zainab Ahmed has revealed that Nigeria would emerge from recession in the fourth quarter of this year or by the first quarter of 2021.

Recall that on Saturday, Nigeria officially went into recession for the second time under President Muhammadu Buhari‘s administration.

Speaking on Monday at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, Zainab said the current recession would be short-lived.

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

She blamed COVID-19 for the current recession, saying it followed the pattern across the world where many countries had entered an economic recession.

“Nigeria is not alone in this, but I will say that Nigeria has outperformed all of these economies in terms of the record of a negative growth,” Ahmed said.

 

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Court Remands Nigerian Senator, Ali Ndume, In Prison

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Court Remands Nigerian Senator, Ali Ndume, In Prison

Ali Ndume

Senator Ali Ndume, the lawmaker representing Borno South Senatorial district has been ordered on Monday by a federal high court to be sent to prison.

The order follows his inability to produce Abdulrasheed Maina, the former Chairman of the defunct Pension Task Team, whom he stood as surety for in his corruption and money laundering trial.

The high court, sitting in Abuja was presided over by Justice Okon Abang and ordered Senator Ndume to be remanded in Kuje correctional centre.

Also Read: Alleged Money Laundering: Court Orders Arrest Of Abdulrasheed Maina

Justice Abang, however, gave three conditions upon which Ndume can regain his freedom namely payment of N500m bail bond into the Federation Account of the Federal Government and present evidence of such payment in court or the FG sells the property situated in Asokoro, Abuja which Ndume pledge as security for the bond and present evidence of sale and payment of the N500m realised into the Federation Account or he (Ndume) produces Maina, who is believed to have now jumped bail, in court.

Shortly after the pronouncement by the Judge, Senator Ndume was led away from the courtroom by security operatives.

 

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