Connect with us

News

NDLEA Confiscates N20bn Lodged in 103 Bank Accounts Linked to Nigerian Billionaire Businessman

The National Drug Law Enforcement Agency (NDLEA), has confiscated N20 billion lodged in 103 accounts linked to billionaire businessman Mallison Ukatu.

Published

on

court

The National Drug Law Enforcement Agency (NDLEA), has confiscated N20 billion lodged in 103 accounts linked to billionaire businessman Mallison Ukatu.

He was arrested on the 13th of April 2022 for allegedly importing N3bn worth of tramadol.

Mr. Mallison who is the Chairman of Mallinson Group of Companies, was arrested onboard a flight to Abuja at the MM2 Terminal of the Murtala Muhammadu Airport, Ikeja Lagos.

He however regained freedom on October 12, 2022, after perfecting bail conditions issued by the Federal High Court Ikoyi, Lagos, and was later rearrested by the National Drug Law Enforcement Agency (NDLEA) at the court premises on the same day.

Following his recent arrest by the NDLEA, before the Federal high court Abuja, the NDLEA filed a 23-count charge against him and his six companies, which include; NISPO Porcelain Company Limited, Gas Limited and Urban Space Services Limited, NISPO Oil, Fruitroprics Industries Limited, Mallinson and Partners Limited, and MBL Multi-links Services Limited, which he used to launder proceeds from the unlawful act.

The NDLEA had earlier obtained an interim seizure of 25 of his properties.

In a similar case, earlier this month, Investors King reported that the NDLEA discovered 13 million tramadol pills worth N8.8 billion in a luxurious building in Lagos.

The drugs which were 1.8 tons (1,855 kilogrammes),was estimated to be worth more than $278.2 million, an equivalent of N194.7 billion in street value.

According to the drug enforcement agency, the mansion where the drugs were recovered from belonged to billionaire drug Baron Ugochukwu Nsofor Chukwukadibia who is already in their custody.

The mansion which is located in Lekki was reported to be void of occupants, which had five exotic vehicles in two of the mansions, including a bulletproof jeep.

The National Drug Law Enforcement Agency, NDLEA has stated that it is working tirelessly to go after those in illegal possession of unlawful drugs in the country.

The agency disclosed that between January and July 2022 alone, it has succeeded in arresting over 18,940 suspects and has also secured 2,904 convictions.

To upscale its drug trafficking war, the president Buhari-led administration last month provided the agency with armoured vehicles worth N580m, Investors King understands.

Continue Reading
Comments

Education

JAMB Releases 36,540 Withheld UTME Results, Dismisses Cyber Breach Claims

Published

on

The Joint Admission and Matriculation Board (JAMB) has quelled concerns over the integrity of the Unified Tertiary Matriculation Examination (UTME) results by releasing an additional 36,540 previously withheld scores.

This move follows earlier revelations of withheld results and assertions of a cyber security breach.

Fabian Benjamin, the spokesperson for JAMB, confirmed the release of these results in a statement issued late Tuesday in Abuja.

This latest batch of released scores, when combined with the 531 previously unveiled, brings the total number of results made public to 1,879,437.

Benjamin took the opportunity to address circulating rumors regarding the security of the UTME results.

He categorically dismissed claims of a cyber security breach, saying that the examination outcomes remain intact and securely stored.

He stressed that the results are not stored in any cloud system and thus cannot be compromised by external entities.

At the time of the UTME release, JAMB had disclosed that certain results were withheld pending further investigation.

Subsequently, 531 of these results were recently unveiled with the remainder still under scrutiny.

Benjamin explained that any candidates implicated in examination malpractice are undergoing thorough investigation.

The examination board intends to meticulously review footage from CCTV cameras installed across all accredited centers to ascertain each candidate’s involvement.

Benjamin urged the public to remain vigilant against misinformation originating from sources not affiliated with JAMB.

He attributed the discrepancies in minimum admissible scores to variations among tertiary institutions. Some institutions, he noted, proposed lower minimum scores than others, resulting in varying benchmarks.

Benjamin clarified that these benchmarks are determined collectively by all Heads of Institutions during the annual Policy Meeting on Admissions, ensuring uniformity across the country.

Also, Benjamin cautioned religious organizations against overstepping their designated roles.

He warned against the dissemination of false information to governmental bodies for personal gain.

Continue Reading

Travel

British Airways Owner IAG Prepares for Summer Surge Amid High Travel Demand

Published

on

british-airways

As the world gradually emerges from the grip of the pandemic, the travel industry is witnessing a resurgence in demand with British Airways owner IAG SA gearing up for a busy summer season.

Despite lingering challenges, the airline conglomerate remains optimistic about the outlook, citing strong demand for travel within Europe and across the Atlantic.

In a recent stock exchange filing, IAG disclosed an adjusted operating profit of €68 million ($73.3 million) for the three months ending March.

According to Chief Executive Officer Luis Gallego, the group’s core markets, including the North Atlantic, South Atlantic, and intra-Europe routes, have shown robust performance, positioning them well for the upcoming peak travel period.

With vaccination rates increasing and travel restrictions easing in many parts of the world, consumers are eager to resume travel plans, fueling the surge in demand.

However, the road ahead is not without its challenges. While travel within Europe and across the Atlantic remains strong, other regions present a more complex operating environment.

The ongoing conflict in the Middle East has dampened demand for certain destinations, while airspace restrictions resulting from geopolitical tensions, such as the Russian invasion of Ukraine, have disrupted flight routes to East Asia.

Despite these hurdles, IAG remains resilient, banking on the strength of its core markets and the performance of its brands to weather the storm.

The company’s strategic positioning and proactive measures to adapt to changing circumstances have positioned it to capitalize on the rebound in travel demand.

As the summer season approaches, IAG is focused on ensuring operational readiness to meet the surge in passenger numbers.

With travelers eager to reconnect with loved ones, explore new destinations, and embark on long-awaited vacations, the airline group stands ready to facilitate safe and seamless travel experiences.

As vaccination campaigns progress and travel sentiment rebounds, IAG’s proactive approach and strategic investments position it as a key player in the aviation industry’s recovery journey. With optimism on the horizon, the company remains committed to delivering exceptional service and fostering a seamless travel experience for passengers worldwide.

Continue Reading

News

Israeli Troops Take Control of Rafah Border Crossing Amidst Ceasefire Talks

Published

on

Israeli troops took control of the Rafah border-crossing area in Gaza on Tuesday morning, with Hamas saying all aid flows from Egypt had stopped.

The army has halted “the movement of people and aid completely,” the Hamas-run crossing authority said in a statement. Soldiers replaced Palestinian flags with Israeli ones.

It’s the first time Israel’s army has moved into the area since the war with Hamas began in October.

Israeli Military Tells About 100,000 People to Leave Eastern Rafah

Palestinians sheltering in Rafah were told Monday to move to an “expanded humanitarian area”.

The border is the main entry point for aid into Gaza, and the Palestinian territory’s only crossing aside from those with Israel. The US has been urging Israel for weeks to allow more food and other supplies into Gaza, parts of which the United Nations says are on the verge of famine.

The movement of troops came a day after Israel told residents in parts of eastern Rafah to leave immediately ahead of a possible attack on the city.

Most Arab and many European states have said Israel should not attack Rafah, fearing it would cause mass casualties. Prime Minister Benjamin Netanyahu says Rafah is the last bastion of Hamas, with about 5,000 to 8,000 of its fighters and senior leaders lodged in the city, as well as many Israeli hostages.

Cease-fire talks between the two sides continue to drag. Hamas said on Monday night it had accepted a proposal from mediators Egypt and Qatar. Israel rejected it, saying it contained demands the Jewish state cannot accept.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending