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Police Parade First Bank Staff Involved in Foiled Abuja Robbery

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Larry Ehizo First Bank

By Modupe Gbadeyanka

A member of staff of First Bank Nigeria, Mr Larry Ehizo, has been paraded by police over his alleged involvement in the botched robbery at the Mpape, Abuja branch of the financial institution last Saturday.

Until the incident, which was foiled by the combined efforts of security agents comprising the police, military and the secret police fondly called the DSS, Mr Ehizo worked at the bank as a Customer Service Officer.

Speaking when he was paraded by the Federal Capital Territory (FCT) Police Command, Mr Ehizo claimed one of the masterminds of the robbery, one Ernest, who is at large, had threatened to kill him, his girlfriend and his family if he did not help them rob the bank.

According to the 30-year-old 2014 graduate of Political Science from the University of Abuja, he drove the five robbers into the bank premises in his vehicle under duress.

“I met a friend (Ernest) in November and we had a discussion where we used to hang out. We almost had a serious argument after he complained about our services at First Bank. I tried to calm him down, but he was very furious, threatening not to bank with us again.

“He, thereafter, said he was going to hurt someone, but I told him not to do that, saying the worst he could do was not to do business with our bank again and possibly rob the bank. I never knew he took the second suggestion seriously. He used that to threaten me that I must allow his guys easy access into the banking hall for robbery.

“He went as far as threatening my family, myself and even the people around me, including my girlfriend. I was afraid to report this matter to the police because he warned me not to try such, threatening to kill me and others with the help of his friends, who he said were cultists.

“During the planning, he said he was going to give his friends N7 million and then promised to give me 20 percent of whatever we make from the deal, but I told him I wanted nothing from him. He insisted that I must collect it.

“I am a Customer Service Officer. I have been with the bank for over two years. If I had gone to the police, I would not have been here talking now. Members of my family also would not be. He knows my family house and knows where I stay personally at Mpape.

“When he brought his friends to me, I still begged him, but he insisted on robbing the bank. On the day of the attack, he said I should put them in my car for easy access into the bank. He even followed me to the premises. He waited to see when we entered inside and he immediately called me and I did everything out of fear of not dying and not having anyone dying because of me.

“Ernest is a customer at the bank. He comes around. There is a place I go to hang out in Mpape. He is a barman there. He sells drinks,” Mr Ehizo narrated.

One of the robbery suspects, Mr Princewill Obinna, said they did not expect to encounter any difficulty as they were assured by Ernest and Ehizo that the operation was going to be smooth.

“I was among those people that robbed the bank. It happened that Mr Larry invited us. Mr Ernest met us and told us there was a job we wanted us to do, but that he would connect us to the person with the operation.

“I asked him who the person was and called and introduced us to Mr Larry, who told us that there was an event that he wanted us to carry out because Ernest had been troubling him about it.

“He said he and Ernest have the background and survey of the job and that they would guide us on how to go about it, promising that it would be without stress and be completed within some minutes.

“I asked what the deal was about and he said it was a bank. I was shocked and said I have never done such job before. He said we should not worry that there was a tinted vehicle that would take us in without people noticing us. He asked if I knew some persons that could help us and I introduced them to other members of the gang.

“They also never wanted to do it, but we all agreed at the end of the day. That was how we came to find ourselves there.

“The message came to me on Tuesday that the operation was on Saturday. They promised to give us N7 million to share. I coordinated the other boys.

“The ammunition we took there was a local pistol that our late friend (robber who was shot) brought. He said he would be the one to stand at the gate and that I should hold this one and threaten the Mobile policeman,” he said.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Eaton Calls for Stoppage of Sulphur Hexafluoride Gas 

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Sulphur hexafluoride gas

By Adedapo Adesanya

Leading power management company, Eaton Nigeria, has advocated the regulation of sulphur hexafluoride (SF6) gas usage in electrical power distribution networks.

This call was made during the company’s Power & Water Nigeria Exhibition and Conference 2022, an event that connects the Nigerian utility industry.

The event which was organised by Vertex Global services saw the participation of experts and exhibitors from over 20 countries.

The gathering enabled global stakeholders to access engaging technical discussions, on-the-spot assessment of the region’s opportunities in power generation, distribution, renewables, and water & utility sectors; as well as exhibitions from leading local and international suppliers.

During his presentation on the topic, A Call to Action on the ‘dirtiest’ greenhouse gas in clean energy, Mr Charles Iyo, Regional Sales Manager Eaton West Africa said “Sulphur hexafluoride gas which is used in the production of most switchgears remains one of the world’s potent greenhouse gases that adversely affect the environment. 1kg of SF6 is equivalent to 23,500 Kg of CO2 in global warming potential, and each unit of switchgear is estimated to use 2.5 kg of SF6 gas; which makes it devastatingly dangerous to the climate.”

“Government in Africa, especially Nigeria needs to take proactive measures such as implementing new regulations to ban the use of SF6 Gas in switchgear production. Also, regulatory bodies and industry stakeholders need to collaborate and elevate industry practice and policies to implement the use of SF6 free technology thereby creating a safe and sustainable future,” he added.

Mr Iyo further highlighted SF6-free alternatives that could positively combat climate change, saying the adoption of vacuum technology is considered a safe, compact and reliable alternative to SF6 gas in the production of switchgears.

Eaton has been at the forefront of advocating the elimination of SF6 gas globally. The power management company pioneered SF₆ free medium voltage switchgear production in 1960 with Magnefix, a compact solution for distribution system operators.

The various range of SF6 free switchgears are produced with environmentally friendly technology in comparison with the methods used by many other suppliers, which use SF6 as insulation gas.

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OVH Energy Rewards Distributors for Outstanding Performance

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ovh energy

By Adedapo Adesanya

Leading supplier and distributor of refined petroleum products, OVH Energy Marketing, has rewarded its top-performing lubricant distributors for their outstanding performance at a presentation ceremony held in Lagos.

During the presentation ceremony which happened at Aspamda Market, two qualified distributors who each sold over 1 million litres of lubricants were recognized in line with the management’s commitment to award deserving distributors.

Chucorl Nigeria Limited and Ade De Young Auto Limited, who met and exceeded the set target in the distribution of OLEUM lubricants, were awarded OLEUM branded trucks at the ceremony.

Speaking at the event, the Chief Executive Officer, OVH Energy Marketing, Huub Stokman posited that the ceremony was organized to reward top-performing distributors as well as inspire others through their exemplary feats.

“Our distinctive progress as the leading downstream oil and gas company is built on the commendable dedication and support of our partners as well as the contributions of our staff. I applaud the awardees and other OLEUM distributors for their diligence and resourcefulness in making sure that the OLEUM range of lubricants remains a market leader,” he said.

“Oleum is a product made in Nigeria, by Nigerians, for Nigerians. Our dream is to formulate the best lubricant available in the Nigerian market at a very affordable price. The hard work of our partners continues to contribute immensely to the growth of the organization and for that we are thankful,” he continued.

Commenting at the presentation ceremony, Mr Lateef Adeleke, owner Ade De Young Auto Ltd., an awardee said “I appreciate the company for this initiative to reward distributors with branded trucks. Rewarding deserving distributors with the branded trucks is a thoughtful initiative from OVH Energy Marketing.”

On his part, Mr Oliver Jacob, CEO Chucorl Oil and Gas Limited said “This acknowledgement from OVH Energy Marketing is indeed an incentive to do even more. The trucks will be valuable in strengthening our supply chain and meeting our increasing consumer demand.”

In recent years, OVH Energy Marketing has embarked on diverse empowerment initiatives such as the OLEUM Academy and the Mechanic Oleum Reseller Enterprise Initiative.

OLEUM academy has impacted over 5,000 individuals nationwide through the provision of automotive mechatronics, lubrication, and entrepreneurship training.

The Mechanic Oleum Reseller Enterprise Initiative is an avenue for auto-technicians to boost their income through the sales of lubricants in their workshop.

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Capital Market Can Attract Funds to Solve Nigeria’s Infrastructure Deficiency—Yuguda

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infrastructure deficiency

By Aduragbemi Omiyale

The Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has again emphasised that the current infrastructure deficiency in Nigeria can be solved with the help of the capital market.

While addressing the new executives of the Chartered Institute of Stockbrokers (CIS) in Abuja over the weekend, he said all that was needed was for the government to partner with the private sector to bridge the infrastructure gap by approaching the capital market for funding.

“We have a huge infrastructural deficit in the country like insufficient power, lack of good roads among others. We want our country to have good infrastructure and I know this is possible with the help of the capital market and other stakeholders.

“It requires adequate planning and financing and we can achieve it as a nation. The capital market through the private sector can fund road construction while the government focuses on other issues,” the SEC DG said, appealing to the relevant stakeholders to cooperate with the agency to achieve this goal.

He also said for the capital market to attain full potential, all stakeholders need to ensure they carry out their functions with integrity and fairness in a bid to restore investor confidence.

Mr Yuguda acknowledged CIS as a key partner in the commission’s regulation of the market, assuring that the SEC would continue to provide the needed support.

“On behalf of the Board and staff. We will give you all possible co-operation you desire to make your job easy. We are here to support this market and make it the market we all desire,” he said.

The SEC boss stated that derivatives trading has commenced for people who want to manage their risk, adding that the SEC is working to increase the literacy of Nigerians so they can take better decisions.

“The future for this country is bright and we have the young population to push it. We can have a much better standard of living than we have now and we hope you will continue to give a lot to the market.

“We are committed to any initiative that will further spur the growth of the capital market. We also have a review of the ISA bill pending at the National Assembly and that bill has a lot that will revitalize this market,” he added.

In his remarks, the President of CIS, Mr Oluwole Adeosun, commended the SEC for the relationship that exists between the Commission and the Institute and thanked the Management for always supporting the organisation.

“Thank you always because you have embraced the institute and made it clear that you desire a very harmonious relationship and we are happy about it.

“You have shown this in your actions since you came into office and we appreciate you for all your efforts, we pray that investors benefit greatly from their investments in the capital market. Thank you for all your support to the CIS Bill,” he said.

The former President of CIS, Mr Olatunde Amolegbe, also thanked the DG for the efforts the management has been making to support the CIS, adding that the institute has been able to function effectively due to the support of the SEC.

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