Ajimobi Re-Launches Joint Security Outfit to Fight Criminals

Image

By Dipo Olowookere

Governor Abiola Ajimobi on Friday inaugurated the new Board of Trustees for the Oyo State Security Trust Fund (OYSSTF), even as he declared war on criminal elements in the state.

The board, headed by the Deputy Governor, Operations, of the Central Bank of Nigeria (CBN), Chief Bayo Adelabu, was inaugurated at the Executive Chambers of the Governor’s Office, with a mandate to reinvigorate the security outfit.

Mr Ajimobi had also inaugurated the newly reconstituted state’s Joint Security Task Force, codenamed `Operation Burst,’ at Idi-Arere, which is considered one of the hot spots in the city of Ibadan.

Members of the OYSSTF include the Commissioner for Health, Dr Azeez Adeduntan; a member of the Olubadan-in-Council, High Chief Abiodun Kola-Daisi; Dr Adesola Adeduntan; Dr Falil Ayo-Abina; Engr. Femi Odumagbo; and Mr Vickram Goushani.

Senior Special Assistant to the Governor on Security Matters, Mr Femi Oyedipe, will serve as Executive Secretary of the board.

Mr Ajimobi described the two occasions as a milestone in his administration’s efforts at stamping out all forms of brigandage and violent activities, which, he said, had earned the state the appellation of a garrison before the advent of his administration.

“Before our administration came on board in 2011, Oyo State used to be known as a garrison, because of the violence, arson, brigandage and destruction of property being carried out by criminals.

“This led to the establishment of a Security Trust Fund and ‘Operation Burst’ in 2013 which eventually brought peace back to the state.

“We were then able to stem the tide of armed robbery, gangsterism and other vices with this instrument of the law.

“We have now fortified the ‘Operation Burst’ with officers and men of the Nigerian Army, Navy, Special Response Squad of the Police and the Nigeria Security and Civil Defence Corps (NSCDC), to renew the people’s confidence in the capacity and capability of the outfit,” the Governor said.

While inaugurating the 20 new patrol vans donated to the state by the OYSSTF at Idi-Arere, the Governor promised that other arms and ammunition required to fight crimes and criminal activities to a standstill would be made readily available to the security outfit.

He charged members of the board to apply the Trust Fund law recently amended by the state House of Assembly towards the sustenance of peace, saying the law had paved the way for private sector involvement.

The Governor, who emphasized that security was a serious business that involved the participation of all and sundry as well as sustained funding, called for a robust data base and public-private partnership.

Mr Ajimobi said that arrangements were being made for the installation of Closed Circuit Television cameras in strategic areas and a base station where people could call in for emergencies as well as acquisition of aerial patrol helicopter.

“We have come to knock on the doors of brigands to flush them out. We decided to choose this location (Idi-Arere) for this occasion because it is generally believed to be the hot spot of criminal activities in the city of Ibadan.

“With this development therefore, ‘One million Boys’ should be on the run! There is no more a safe haven for criminals and perpetuators of violence in our state,” he said.

In his remark, Mr Adelabu said that a sustainable funding for security was imperative, adding that nothing meaningful could be achieved in an atmosphere of insecurity and chaos.

He commended the Ajimobi administration for restoring sanity to the state after a long period of violence and brigandage preceding his emergence.

Mr Adelabu pledged his members’ readiness to assist government in raising funds through voluntary donations by individuals, groups and corporate bodies.

“The attainment of peace and tranquillity is commendable. But, the greater challenge is its sustainability until it becomes our way of life and permanent identity in Oyo State.

“Security has no colour; it transcends party politics; it goes beyond religious affiliation; it does not recognize economic status; it is blind to ethnic affiliation and it ignores the age of victims.

“The uncommon strides of the present administration should, therefore, be commended for eradicating insecurity in Oyo State,” he said.

It will be recalled that the National Bureau of Statistics (NBS) recently listed Oyo State alongside Akwa Ibom, Ogun, Lagos and the Federal Capital Territory as the most investor-friendly destinations in the country due to the sustained peace in the states.

The twin occasions were graced by eminent personalities, security chiefs, traditional rulers, captains of industry, members of the State Executive Council and members of the public.

Share
Related Stories
Image
04-March-2024

DisCos Must Promptly Respond to Customers’ Complaints—FCCPC

By Aduragbemi Omiyale Electricity distribution companies (DisCos) in the country have been charged to respond to customers’ complaints quickly for better service delivery. This task was given to the energy firms by the Federal Competition and Consumer Protection Commission (FCCPC), which said the companies must design a quick response mechanism to address issues from their customers. Speaking last Saturday at a four-day one-stop-shop for addressing billing, metering, transformer, connection, disconnection, customer service and other electricity consumer issues in Ikeja Electric coverage areas, the acting executive chairman of FCCPC, Mr Adamu Abdullahi, said the highest number of complaints received by the

Image
29-February-2024

Nigerian Navy Impounds Stolen N8.6bn Crude, Others in Three Weeks

By Adedapo Adesanya The Nigerian Navy, through the Troops of Operation Delta Sanity, has deactivated 41 illegal refining sites and impounded stolen crude oil and other products worth N8.6 billion in three weeks. The Director of Naval Information, Mr Adedotun Ayo-Vaughan, a Rear Admiral, made the disclosure in a statement, saying that various Nigerian Navy platforms were deployed for the operation meant to combat oil theft and illegal oil bunkering plaguing Nigeria’s maritime environment. He said that between February 5 and February 22, a total of 51 wooden boats and three fibre ones were apprehended, while 104 illegal refining ovens,

Image
27-February-2024

IFC, Seedstars Announce Top 100 Women-led Startups in SheWins Africa Initiative

By Adedapo Adesanya The International Finance Corporation (IFC) has selected 100 women-led startup owners to participate in the She Wins Africa program, an IFC-led initiative that aims to accelerate access to capital for women-led startups across sub-Saharan Africa. The selected women will participate in comprehensive interventions that will strengthen their companies’ investment readiness, include advice and mentorship, and provide access to potential investors, industry leaders, and peers through matchmaking and pitching opportunities across Africa. The initiative is a part of IFC’s broader commitment to promote gender equality and empower women entrepreneurs in emerging markets. The 100 participants announced today were

More Stories
Image
04-September-2023

Nigeria to Set Up Agency for Investment in Gold, Iron Ore, Others

By Adedapo Adesanya The Minister of Solid Minerals, Mr Dele Alake, has disclosed plans by the federal government to set up the Nigerian Solid Minerals Corporation, a state-backed agency to help attract investments into the extraction of gold, coal, iron ore, bitumen, lead, limestone, and baryte. In a statement released on Sunday, Mr Alake said this was part of efforts to boost investments into Nigeria at a time when the government was struggling with much-needed revenue. “The proposed corporation will seek and secure partnership investment agreements with big multinational companies worldwide to leverage on the attractive investment-friendly regime operating in

Image
11-July-2018

Ekiti Poll: Buhari Tasks Stakeholders on Free, Fair Exercise

By Dipo Olowookere President Muhammadu Buhari has charged those involved in the July 14, 2018 governorship election in Ekiti State to ensure that the exercise is conducted in a free and fair manner. Mr Buhari gave this charge on Tuesday when he spoke at the grand finale campaign of the All Progressives Congress (APC) in Ado-Ekiti, where he urged residents of the state to vote massively for candidate of his party, Mr Kayode Fayemi, in the Saturday election. “I came into office in 2015 through a free and fair election. In my party, the APC, we do not believe in

Image
07-October-2019

BUA Group Vows to Crash Prices Flour, Sugar, Others

Adedapo Adesanya  The management of BUA Group has promised to crash prices of major food items it produces like sugar, flour, pastas and many others. Since 2016, when Nigeria slipped into recession, the purchasing power of Nigerians has remained low. Though inflation rate in the country has been on a steady decline, prices of food items have continued to rise and last month, the Nigerian government closed its borders to tackle smuggling of food items into the nation. This action by government has caused prices of foodstuff to skyrocket at the market and at the moment, the price of a

Image
08-August-2016

Nigeria: Demystifying The Word “Recession” And The Possible Ways Out Of It

By Adeniyi Bamgboye The Central Bank of Nigeria (CBN) recently reported that economic activities are fast declining which gave a confirmation to speculations that the nation’s economy has plunged into a state of economic recession. Some people may be hearing about the word “recession” for the first time. Well, the motive of this article is to give a succinct explanation to this word, its causes, effect and the best possible ways to get out of it. Before giving an explanation of what recession means, it is very important to note that a market economy has two stages namely, the growing

Image
23-February-2018

Kaduna Hosts VAIDS Stakeholder Symposium March 1

By Dipo Olowookere Thursday, March 1, 2018, has been fixed for a stakeholders’ symposium to deliberate on the Federal Government’s tax amnesty scheme called the Voluntary Assets and Income Declaration Scheme (VAIDS). Leading a high-powered Federal Government delegation to the Umaru Musa Yar’adua Hall of the Murtala Square in Kaduna State is the Minister of Finance, Mrs Kemi Adeosun. The VAIDS stakeholders’ symposium is being hosted by the Kaduna State Government, and will be attended by the Governor of Kaduna State, Mallam Nasir el-Rufai; Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler; members of the State

Image
03-June-2023

Naira Falls at P2P, Gains at Black Market, Stable at Official Market

By Adedapo Adesanya The Naira moved in different directions in the various segments of the foreign exchange (FX) market on Friday as traders await the merger of the exchange rates by the Central Bank of Nigeria (CBN) as directed by President Bola Tinubu. Business Post reports that the Naira depreciated against the Dollar at the Peer-2-Peer (P2P) segment, appreciated in the black market, and remained unchanged in the Investors and Exporters (I&E) window. In the P2P, the value of the local currency to the greenback fell by N9 to sell at N764/$1 compared with Thursday’s value of N755/$1. At the

Image
05-December-2019

Investors Trade 51.4 million Shares on NASD in One Month

By Adedapo Adesanya The performance of the NASD Over-the-Counter (OTC) Securities Exchange in the month of November 2019 was not impressive, closing bearish for the seventh month. The major market indicators, the NASD Unlisted Security Index (NSI) and market capitalisation both declined by 0.92 percent in the month on the back of the decline in the price of three stock bellwethers and two others. At the close of transactions last month, the market capitalisation depreciated by N4.62 billion to close at N497.75 billion against N502.37 billion it opened the month with. In the same vein, the NSI went down by

Image
08-June-2021

Digital Payments and the African Continental Free Trade Area Agreement

Humans are built to trade. Across regions, trade has connected people and communities. It unlocks human productivity. It is the precursor of commerce and the harbinger of development. Payments drive trade. In today’s information society, digital payment is an indispensable enabler of trade. This is precisely why experts have more or less hinged the success of the African Continental Free Trade Area agreement on the success of digital payments. “We need to put as much effort as we are putting into getting the operational blocks of the agreement and secretariat going into getting the African payments regulatory landscape similarly integrated.

Ad
Ad
Recent Stories
Image
05-March-2024

Petrol, Electricity Subsidies Will Gulp 3% of Nigeria’s GDP—IMF

By Adedapo Adesanya The International Monetary Fund (IMF) has warned the Nigerian government the payment of subsidies on petrol and electricity could take up to 3 per cent of the country’s gross domestic product (GDP) in 2024. The IMF stated this in a statement released on Monday on the completion of its 2024 Article IV Mission to Nigeria. The lender said that the recent improvements in revenue collection and oil production are encouraging, as “low revenue mobilization constrains the government’s ability to respond to shocks and to promote long-term development.” But it emphasised that, “The capping of fuel pump prices

Image
05-March-2024

Deel Buys 100% Stake in African HR Solution Company PaySpace

By Adedapo Adesanya Global human resources company, Deel, has announced the acquisition of African-based payroll and HR solution company, PaySpace, for an undisclosed amount, in one of its largest acquisitions to date. By acquiring PaySpace, Deel will become the first global payroll and Employer of Record (EOR) with its full-stack payroll engine localized in 50 countries and integrated into its offering. PaySpace’s proprietary technology is a cloud-native framework built as a single engine. Its platform allows for easy configuration to add additional countries through localization. These localization projects normally take years to complete, but with PaySpace’s innovative technology, it can

Image
05-March-2024

Emotions Pour as Dignitaries Eulogise Late Herbert Wigwe

By Adedapo Adesanya  It was an emotional rollercoaster at the tribute event held on Monday night to celebrate the late group chief executive of Access Holdings Plc, Mr Herbert Wigwe. Dignitaries from government, corporate organisations, and royalty paid tribute to the late titan who died alongside his wife, son, and a former group chairman of the Nigerian Exchange (NGX) Group Plc, Mr Abimbola Ogunbajo, on February 9 in the United States. The event which was monitored by Business Post was divided into six segments – Young Hebert, the banker, the entrepreneur, the CEO, the builder and the ambassador. These personalities

Image
05-March-2024

Nigeria’s Economic Outlook is Challenging—IMF Declares

By Aduragbemi Omiyale The International Monetary Fund (IMF) has alerted that tough times await Nigerians, though it retained its gross domestic product (GDP) growth forecast for 2024 at 3.2 per cent. In a statement on the conclusion of the IMF Staff 2024 Article IV Mission to Nigeria, the global lender said the administration of President Bola Tinubu “inherited a difficult economic situation marked by low growth, low revenue collection, accelerating inflation, and external imbalances built up over years.” However, it praised the government’s approval of an effective and well-targeted social protection system, including the release of grains, seeds, and fertilizers,

Image
05-March-2024

Banks Involved in 70% of Economic Crimes in Nigeria—EFCC

By Aduragbemi Omiyale Nearly 70 per cent of financial crimes in Nigeria have the involvement of banks, the Economic and Financial Crimes Commission (EFCC) has claimed. “Broadly speaking, banking fraud in Nigeria is both inside and outside related. “The inside related fraud comprises outright selling of customers’ deposits, authorising loan facilities, forgery and several other kinds of unhealthy and criminal practices,” the chairman of EFCC, Mr Ola Olukoyede, said while speaking at the Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria held in Abuja. The EFCC boss, represented by the agency’s Director

Image
05-March-2024

Nigerian Air Force Airstrikes Hit Two Illegal Refineries in Rivers

By Adedapo Adesanya The Nigerian Air Force component of Operation Delta Safe, through airstrikes destroyed two illegal oil refining sites in Krakama and Temakiri, Degema Local Government Area of Rivers State, in continuation of efforts to stamp out the activities of crude oil thieves and oil pipeline vandals in the country. This was disclosed by the Director of Public Relations and Information, Nigerian Air Force, Mr Edward Gabkwet, an Air Vice Marshal, saying the illegal oil refining sites were observed actively operating with Cotonou boats sighted nearby with the probable intent to illegally siphon crude oil from the sites. Mr

Image
05-March-2024

NGX Remains Catalyst for Economic Growth—Chiemeka

By Aduragbemi Omiyale The acting chief executive of the Nigerian Exchange (NGX) Limited, Mr Jude Chiemeka, has described the bourse as a catalyst for economic growth and development. He said this at the listing of 7.5 billion ordinary shares of Transcorp Power Plc at N240 per unit at the exchange on Monday. The energy firm raised the market capitalisation of the trading platform by N1.8 trillion yesterday. According to him, the inclusion of Transcorp Power into the NGX, the first listing of the year, underscored the pivotal role the bourse plays in shaping Nigeria’s economic landscape. He added that NGX

Image
05-March-2024

Dangote Renames Lagos Refinery Road After Herbert Wigwe

By Modupe Gbadeyanka The road to the Dangote Refinery in the Lekki area of Lagos State has been renamed after the late group chief executive of Access Holdings Plc, Mr Herbert Wigwe. This development was announced on Monday night by the owner of the oil facility, Mr Aliko Dangote, during the Celebrating Herbert Wigwe’s Professional Legacy, who said this gesture was to immortalise his friend. The Nigerian billionaire businessman and the richest black man on earth, in an emotional tribute to the late banker, who died in a helicopter crash in the United States on February 9, 2024, along with

Image
05-March-2024

Investors of Unlisted Securities Lose N43bn

By Adedapo Adesanya It was a bad day for investors of unlisted securities in Nigeria as the NASD Over-the-Counter (OTC) Securities Exchange ended the first trading session of the week on a negative note with a 3.11 per cent loss triggered by four stocks on the platform. The culprits were UBN Property Plc, Aradel Holdings Plc, Central Securities Clearing System Plc, and Resourcery Plc. They were under selling pressure during the trading session. This resultantly trimmed N43 billion from the market capitalisation of the bourse to N1.449 trillion from N1.542 trillion, as the NASD Unlisted Security Index (NSI) dropped 35.53

Image
05-March-2024

Naira Value Improves at Official Market, Deflates at Parallel Market

By Adedapo Adesanya The Naira appreciated further against the greenback in the Nigerian Autonomous Foreign Exchange Market (NAFEM) segment of the FX market on Monday, March 5 by N14.06 or 0.9 per cent to trade at N1,534.19/$1 compared with last Friday’s value of N1,548.25/$1. The improvement in the value of the domestic currency happened as the forex market attempts to find stability after months of turbulence due to a shortfall in the supply of Dollars into the system. Yesterday, the value of forex trades depreciated by 39.7 per cent or $117.37 million to $178.63 million from the $296.00 million recorded