General
Lagos Banker Pays Assassins To Kill Husband

By Dipo Olowookere
Police in Ogun State have paraded a female banker identified as Mrs Oluchi Tochukwu, who allegedly hired assassins to eliminate her estranged husband, Mr Tochukwu Onyebuchi, who she married over two years ago.
It was learnt that the suspected killers had stormed the residence of their victim in Ayobo area of Lagos State, inflicting deep cut injuries on his head with cutlasses, pouring acid on him and then leaving with his Range Rover SUV.
Addressing newsmen on Wednesday while parading the woman and the suspected assassins, Ogun State Commissioner of Police, Mr Ahmed Iliyasu, said the suspects were intercepted and arrested on October 19, 2016, at Ijebu-Ode while attempting to escape to Onitsha with the vehicle.
He gave the names of the other suspects as Mr Chigozie Smart (32) and Mr Kingsley Ikechukwu (36).
“One Oluchi, a 32-year-old banker, who is married to one Tochukwu Onyebuchi years ago, got separated from her husband following some matrimonial problems.
“The custody of their only child is currently being contested in the court but Oluchi has another plan.
“She connived with the trio of Chigozie Smart, Kingsley Ikechukwy and one other who is now at large to eliminate her husband.
“She arranged for the weapons which includes cutlass, iron rods and acid which she kept in her husband’s compound at Ayobo area of Lagos State and described where she kept it to the assailants.
“The suspects went there on Wednesday as planned and matcheted the man severally on his head and poured the acid on him.
“The suspects thereafter abandoned the victim and took away his range Rover Jeep which Oluchi instructed them to drop at her brother’s place in Onitsha, Anambra State.
“Luck ran against them when a patrol team of the Ogun State command on Wednesday sighted the vehicle along the Ijebu-Ode/Benin expressway and stopped it for search.
“While searching the vehicle, blood stain was seen and the two occupants were unable to give satisfactory account of the blood stain, hence, they were arrested.
“It was during interrogation that the suspects revealed all that transpired to the police,” the police chief in Ogun State said.
But the banker claimed she never contracted the other suspects to kill her husband, saying she had no reason to kill him.
Meanwhile, Mr Iliyasu said that the victim, who had been treated at an undisclosed hospital, was in the custody of the police helping them in the process of investigation.
He said the suspects would soon be charged to court after the conclusion of investigation.
General
OCN Dangles €30,000 Before Ogun-based Entrepreneurs, Calls for Entries

By Dipo Olowookere
Entrepreneurs living in Ogun State have been given an opportunity to get about €30,000 in funding support their businesses for expansion.
The beneficiaries would be expected to come up with innovative solutions to challenges in the circular economy.
They will undergo a six-month training programme designed to prepare them for the tasks ahead.
Apart from the monetary benefits, the intending participants, who must be between the ages of 18 and 35, will receive enterprise development training and capacity building, have access to local and international markets, enjoy mentorship from industry experts and peer networks, and get personalized coaching and business support.
Business Post reports that this platform was provided by the Orange Corners Nigeria (OCN) Incubation Programme.
The initiative has already called for applications for the 13th cohort, with the deadline fixed for Sunday, May 18, 2025.
Applicants must operate in the circular economy, agriculture, health, renewable energy, or technology sectors to qualify for the scheme exclusively for Ogun residents.
General
Nigerian Government Launches Committee to Slash Food Cost by 50%

By Adedapo Adesanya
The Nigerian government has inaugurated a special inter-ministerial committee on research and innovation to ensure food security in Nigeria and slash the cost of food by 50 per cent.
The team was also charged on energy security and curtailing the nation’s dependence on import.
The Vice President, Mr Kashim Shettima, inaugurated the panel at the State House Abuja with a charge to them to work towards cutting down Nigeria’s import bills by 50 per cent.
He said the group is part of ongoing efforts by the administration of President Bola Tinubu to pool intellectual and financial capital to “create the cockpit from which Nigeria’s innovation economy will be piloted.”
“We are here to breathe life not into this Committee, but into a bold mission: to build Nigeria into an innovation-driven, trillion-dollar economy within a decade. The future we desire is not something we inherit. It is something we build,” he declared.
On its terms of reference, Mr Shettima said it is to coordinate action in five strategic sectors with the power to transform society.
He listed the committee to include “Agriculture and Climate Resilience, where research innovation must feed our people and protect our planet; Manufacturing Excellence, where we break our dependency on imports and build proudly Nigerian supply chains; Healthcare Innovation, where we shift from importing medicines to exporting medical breakthroughs; Natural Resource Optimisation, where we stop selling raw materials and start exporting ingenuity; and Energy Security, where we power our economy and secure our future.”
The Vice President explained that a major target for setting up the panel was to reduce Nigeria’s food import bill by 50 per cent, maintaining that “in each of these areas, we will pursue missions, not just metrics.
“We will not be content with data for dashboards—we want deliverables that change lives. What will it take to reduce our food import bill by 50 per cent? How do we triple local pharmaceutical production? Let us align policy, research, and investment to answer these questions and achieve measurable, meaningful outcomes,” he added.
Mr Shettima disclosed that the team is a prelude to a Presidential Plenary on Innovation approved by President Tinubu, saying the high-level plenary, which will be held annually, will be presided over by the President himself.
“This committee is only the beginning. President Tinubu has approved a Presidential Plenary on Innovation—an annual high-level forum that will bring together academia, research institutes, industry, civil society, and the Nigerian people to align our national innovation priorities.
“This plenary will be addressed by Mr President himself, because innovation is a presidential area of priority. It is central to his vision for a new Nigeria,” the VP explained in a statement.
Present at the inauguration were the ministers of Innovation, Science, and Technology, Mr Uche Nnaji, Agriculture and Food Security, Mr Abubakar Kyari; Communications, Innovation, and Digital Economy, Mr Bosun Tijani; Mr Balarabe Lawal; Mr Idi Mukhtar and representatives of the Ministers of Education, Budget and Economic Planning, and Foreign Affairs, among other members of the committee.
General
FG Promises Payment of 50% of N4trn Gencos Debt

By Adedapo Adesanya
The federal government has made a pledge to electricity generating companies known as Gencos on the payment of 50 per cent of a N4 trillion debt to avert a promised halt in electricity generation in the country.
The Minister of Power, Mr Adebayo Adelabu, made this promise on Thursday, saying that while the government can’t pay the entire N4 trillion, it would clear N2 trillion before the end of the year.
Business Post reports that of the N4 trillion owed, N2 trillion is for electricity generated in 2024, while around N1.9 trillion represents legacy debts.
On Monday, GenCos threatened to shut down the country’s power generation over the debt owed by the federal government.
The GenCos lamented that the mounting liabilities were crippling their ability to operate and threatening a total shutdown of electricity generation in Nigeria.
Mr Adelabu said the government has put in place measures to defray the debt through budgetary allocation and promissory notes.
“Almost all of the debt is inherited, while about half came from 2024.
“There are plans under way to clear the debt; while I am not sure that the debt will be cleared 100 per cent, it will be paid gradually.
“The modes of payment are of two ways: we have some budgetary allocation that will facilitate cash payment, and we are also in discussion with Gencos to get them some promissory notes. I can tell you that before now to the end of the year, we are going to pay close to N2 trillion of the 4 trillion,” he said.
He also revealed that Nigeria has achieved a 35 per cent reduction in electricity subsidies following a tariff increase implemented last year for some users.
The government last year eliminated subsidies for the 15 per cent of customers classified as premium users of electricity, including households and businesses consuming larger amounts of electricity under Band A, meaning they paid higher than other classes from Band B to E.
Mr Adelabu said this targeted tariff adjustment has yielded significant results, with “the market generating an additional N700 billion in revenue, reflecting a 70 per cent increase.”
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