Connect with us

Top Stories

N7.6bn CBN Loan: Makinde Set to Begin Work On Akufo, Eruwa Farm Estate Projects

Published

on

Oyo State governor, Engr. Seyi Makinde on Wednesday said with the signing into law of the Oyo State Agribusiness Development Agency bill, ( OYSADA) work would soon begin on the Farm Estates at Eruwa and Akufo respectively.

The governor disclosed this during the signing ceremony  of  OYSADA bill  which took place at the Government House, Agodi, Ibadan, the state capital.

He emphasized that the signing of the Agency bill into law would allow the Agency, which is based in Saki, to start work fully and to kickstart the operation of the Farm Estates’ projects in Eruwa in Ibarapa axis and Akufo, Ibadan.

The Oyo State House of Assembly had earlier approved the request of Governor Seyi Makinde to access N7.6 billion agricultural loan from the Central Bank of Nigeria (CBN.) around October 2019.

Meanwhile, the governor had requested to access the loan to develop Akufo and Eruwa farm settlements into farm estates in the state.

Speaking further at the event, Governor Makinde said: “I have just signed the law to make provision for the establishment, composition and powers of the Oyo State Agribusiness Agency and every other matters connected therewith.

“Agribusiness is one of the cardinal programmes of this administration and what we have done today is to give a legal backing to Oyo State Agribusiness Development Agency.

“With the signing into law of the Agency bill, they are now free to start business as OYSADA. They will be based in Saki and they will be starting the first two projects as soon as possible. The first is the Farm Estate at Eruwa and the second is the farm estate at Akufo. So, I thank you for coming to witness this signing ceremony”.

In a statement signed by the governor’s media aide, Taiwo Adisa,  Makinde  informed that the state government decided to sign off on the bill at this critical time in readiness for the expected boom in its economy through the derivable benefits from agribusiness initiatives.

Giving further insights into the advantages the state stands to gain from the Agency, the governor said: “The agency aims to develop the strategy, coordinate, and implement Agribusiness Investments and projects in the State through public, private and development partnerships.

“It will also enhance the optimisation of agro-food value chain business within Oyo state through an agricultural ecosystem that strengthens productivity, value chain growth and the processing and packaging of agro-based production.

“The Agency will support the State’s economic growth through engagement in domestic trade in agro-food by import substitution and exportation of nutritious processed and package agro-based products.

“Another benefit derivable from the Agency is that it will promote engagement of youth in agriculture through the development of agribusiness enterprises from downstream, midstream to the upstream of the agricultural sector.”

 

 

Comments

Metro

Woman allegedly sets co-wife, two children ablaze in Kano

Published

on

Residents of the Hotoro area of Kano were thrown into panic after a woman allegedly set her co-wife and two children ablaze in a late-night domestic attack.

The incident occurred on Monday night in the Mai Allo area of Hotoro, leaving four persons with varying degrees of burns.

The victims — a 28-year-old woman and her two children aged seven and three — are currently receiving treatment at the National Orthopaedic Hospital, Dala and Murtala Muhammad Specialist Hospital.

Their father, who reportedly sustained injuries while attempting to rescue the victims from the inferno, is also undergoing treatment.

A relative of the family informed that they received a distress call around 3am informing them that the woman, her husband and the children had been set ablaze.

According to the source, the victim had spent less than two weeks in her matrimonial home before the attack occurred.

“She is about 28 years old. The children are from her previous marriage. They are stepchildren to the husband, who works as a tricycle rider,” the relative added.

Residents of the area described the incident as horrifying and called on security agencies to ensure justice was served.

“We are shocked by what happened. This kind of violence has no place in our community,” a resident said.

The suspect has since been taken into custody at the Mariri Police Division.
As of the time of filing this report, the Kano State Police Command had yet to issue an official statement on the incident.

Continue Reading

Crime & Court

UNIBEN killing: Edo security squad arrests 12 suspected cultists, seals initiation centres

Published

on

Security operatives in Edo State have arrested 12 suspected cultists and sealed two apartments allegedly used as initiation centres during coordinated raids across parts of Benin City following the killing of a young man near the gate of the University of Benin.

The operation, code-named “Operation Flush Out Cultists and Kidnappers,” was carried out by the state’s Special Security Squad after the killing recorded on Sunday, May 10, 2026.

The development was disclosed in a statement issued on Tuesday by the Chief Press Secretary to Governor Monday Okpebholo, Patrick Ebojele.

According to the statement, the Chief Security Officer and Principal Security Officer to the governor led the raids conducted in Ekosodin, Isihor, Old Road off S&T Barracks, Airport Road, 19th Street Ugbowo, Ogba-Evbuodia and Evbuomore Quarters, all in Benin City.

Spokesman for the security squad, Noah Idemudia, alleged that some youth leaders within communities in the state were aiding violent crimes and harbouring criminal elements.

He said intelligence reports indicated that sophisticated weapons used in deadly attacks were often traced to communities across the state.

“Reports reaching us indicate that some persons are allegedly harbouring criminals. Intelligence reports also suggest that sophisticated weapons used in deadly attacks on citizens are allegedly sourced from communities.

“The governor is warning community leaders to maintain peace in their various communities and ensure that no unlicensed weapons are found in their possession, as they will be held liable and treated as criminals,” Idemudia said.

He, however, clarified that the 12 suspects arrested were not directly linked to the killing near the university gate.

According to him, the suspects were allegedly identified as members of different cult groups after security operatives reportedly discovered symbols, signs and other incriminating materials on them during the raids.

Idemudia added that the suspects had been handed over to the Anti-Cultism Unit of the Nigeria Police Force for profiling and further investigation.

Speaking on the properties sealed during the operation, he said one of the apartments was allegedly being used as a cult initiation centre.

He explained that operatives came under attack while attempting to arrest suspects at the location, forcing authorities to seal the premises and invite the property owner for questioning.

He added that another apartment raided allegedly contained shrines and fetish items scattered across several rooms, which investigators suspect were being used for initiation into different confraternities.

According to him, the owner of the property had also been invited for questioning by security agencies.

“The governor has warned those sponsoring cultism and violent killings in the state to desist immediately.

“Anyone found aiding criminality in Edo State will face the full weight of the law, as the state will no longer be conducive for criminal elements,” Idemudia added.

He also warned against unlawful gatherings, alleging that some cult groups were planning anniversary celebrations across the state.

Continue Reading

Crime & Court

Ex-Power Minister Mamman Jailed 75 Years Over ₦33.8bn Fraud

Published

on

A Federal High Court in Abuja on Wednesday convicted and sentenced former Minister of Power, Saleh Mamman, to a cumulative 75 years imprisonment in absentia over a ₦33.8bn money laundering scandal linked to the Zungeru and Mambilla hydroelectric power projects.

The trial judge, Justice James Omotosho, found Mamman guilty on all 12 counts bordering on conspiracy and money laundering filed against him by the Economic and Financial Crimes Commission.

The judge ruled that the prison terms would run consecutively, bringing the total sentence to 75 years.

Justice Omotosho held that Mamman deliberately absented himself from court on the day of judgment and during the previous adjourned sitting in a bid to frustrate the administration of justice.

He agreed with counsel for the EFCC, Rotimi Oyedepo (SAN), that the Administration of Criminal Justice Act, 2015 empowered the court to proceed with sentencing despite the defendant’s absence.

The court consequently sentenced the former minister to seven years imprisonment each on Counts 1, 2, 3, 6, 7, 8, 9, 10, 11 and 12 without an option of fine.

Mamman was also sentenced to three years imprisonment on Count 4 with an option of a ₦10m fine, and two years imprisonment on Count 5 without an option of fine.

Justice Omotosho further ordered that the sentence would commence from the date of Mamman’s arrest since he was convicted in absentia.

The judge directed security agencies within and outside Nigeria, including Interpol, to arrest the convict wherever he is found and hand him over to the Nigerian Correctional Service to serve his jail term.

The court also ordered the final forfeiture of two Abuja properties linked to the former minister, alongside various sums recovered in different currencies by anti-graft agencies.

In addition, the court ordered Mamman to refund the outstanding balance from the ₦22bn already traced to the Zungeru and Mambilla hydroelectric power projects out of the ₦33.8bn allegedly diverted.

The conviction followed a lengthy trial instituted by the EFCC, which accused Mamman of conspiring with ministry officials and private companies to divert funds earmarked for the two power projects.

Mamman was arraigned on July 11, 2024 on a 12-count charge and pleaded not guilty.

During the trial, the EFCC called 17 witnesses and tendered 43 exhibits to support its case.

Following the close of the prosecution’s case, the former minister filed a no-case submission on November 19, 2025, contending that the EFCC had failed to establish sufficient evidence against him.

However, Justice Omotosho, in a ruling delivered on December 11, 2025, dismissed the application and held that the prosecution had established a prima facie case requiring the defendant to open his defence.

The matter was subsequently adjourned for continuation of defence before Wednesday’s judgment brought the proceedings to a close.

The case, regarded as one of the most significant corruption convictions in recent years, stemmed from Mamman’s arrest and detention by the EFCC on May 10, 2021.

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending