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Militants kills 3 Policemen in Lagos state

The Niger-Delta militants on Tuesday, July 26 had a seven-hour face off with police officers in the Igando area of Lagos State.

The gunmen were said to have stormed the community around 6a.m through the waterways behind the Pacific Estate, Ikejiobi Avenue, Ewedogbon – they reportedly looted shops in the estate.

The police officers swung into action shortly after the incident was reported. One of them was shot in the head during the shootout but survived the attack.

It was also reported that some the residents, who were earlier abducted by the militants, escaped during the shootout.

Recounting the ordeal, a landlord in the area said there were women among the militants.

“The attacks started in Fatoki community, Igando, on Saturday. We did not know it was our turn this morning (Tuesday). At about 6.30am, they came into the estate, shooting and moving around the streets,” the landlord, identified as Olayinka, said.

“Everyone ran inside and bolted the doors. They caught a resident, Baba Victor, on his motorcycle, and took him away. They cut him with machetes, but he escaped during the gun battle with the police.

“They smashed the vehicles they found on the streets. They broke into shops and stole frozen foods, bags of rice and garri. They were about 15 men. The hoodlums did not cover their faces and there were women among them. Some of us were watching them from our houses.”

Over 200 panicking residents were said to have scampered to safety after the incident, with many taking refuge behind about thirteen police vans, two Rapid Response Squad armoured tanks and three OP MESA.

According to the Police Public Relations Officer, SP Dolapo Badmos, no arrests have been made, but confirmed that normalcy has been restored to the area.

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Sacked PHCN Staff Electrocuted while doing illegal Connection

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Sacked PHCN Staff Electrocuted while doing illegal Connection

Sacked PHCN Staff Electrocuted while doing illegal Connection

A former staff of the Benin Electricity Distribution Company BEDC, in Agbor, Delta State, who was dismissed in 2009, was, on Tuesday, electrocuted in Agbor.

According to reports, the deceased, identified as Monday Ebor, was illegally working on high tension lines when electricity was restored.

Eboh who was wanted by BEDC for his illegal activities which destroyed many transformers, was said to be illegally diverting lines from one feeder to another when power was restored.

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United Kingdom Accepting Naira Payments from Nigerian Business Owners

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United Kingdom Accepting Naira Payments from Nigerian Business Owners

United Kingdom Accepting Naira Payments from Nigerian Business Owners

Former President of the Nigerian-British Chamber of Commerce (NBCC)Dapo Adelegan, has announced that the British Government will henceforth begin accepting Nigerian currency from Nigerian business owners in the UK.

Adelegan made the assertion in an interview on Wednesday in Lagos.

The British Government on February 9, through its export credit agency, UK Export Finance (UKEF), said it will accept Naira payments from Nigerian business owners trading with the UK.

Adelegan said that the initiative was a monumental step that will deepen trade, open more opportunities, expand patronage and market scope of products from both countries.

“If we look at the quality of manufactured equipment and technology; Made-in-Britain is number one.

“Through this, we will access technology transfer, boost the capacity of workforce and impact on our outputs of consumables and products in the market.

“It is a win-win situation that will go beyond procurement, as there are multiple layers of benefits that this will bring to the economy,’’ Adelegan said.

Joyce Akpata, Director-General, Nigerian-American Chamber of Commerce (NACC), also said the initiative will ease importation of goods from the UK to Nigeria and strengthen economic ties.

“The UK has the largest concentration of Nigerians in the diaspora and given cultural ties, it is something that should have happened before now,’’ Akpata said.

The director general said the initiative would improve knowledge sharing and technology transfer.

“We will see a lot of businesses in the UK supplying equipment and machinery backed by this finance to their Nigerian counterparts.

“This will enhance the activities of manufacturers, especially the growing SMEs that are into processing.

“It will also take off issues of foreign exchange challenges and instability in the market,’’ she said.

Akpata noted that the scheme would be a welcome opportunity for most Nigerian businesses that could not access financing locally.

She urged other countries, especially the United States, to take a cue from the UK to evolve initiatives that will assist businesses to maximise opportunities and strengthen trade ties.

Trade experts put the value of trade between Nigeria and the UK at about £8 billion, with oil and gas making up 60 per cent of the figure.

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South Africa’s Embattled President Jacob Zuma resigns

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President Zuma must face corruption charges - Supreme court rules

South Africa’s Embattled President Jacob Zuma resigns

The embattled President of South Africa, Jacob Zuma has resigned his office with immediate effect.

Zuma made the announcement in a televised address to the nation on Wednesday evening.

Earlier, Mr Zuma’s governing ANC party told him to resign or face a vote of no confidence in parliament on Thursday.

The 75-year-old has been under increasing pressure to give way to Deputy President Cyril Ramaphosa, the ANC’s new leader.

Mr Zuma, who has been in power since 2009, faces numerous allegations of corruption.

His resignation came at the end of a long speech in which he said he disagreed with the way the ANC had acted towards him.

He said he did not fear a motion of no-confidence, adding: “I have served the people of South Africa to the best of my ability.”

According to President Zuma, violence and division within the ANC had influenced his decision to step down.

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