The Police Command in Edo on Monday said only 10 suspects -two of whom have been rearrested, escaped from its cell at the Command Headquarters in Benin. A statement from the command’s spokesman, SP Chidi Nwabuzor, said the incident occurred at about 02:45 hours of Friday, January 1. Mr. Nwabuzor said the command decided to set the record straight, contrary to publications that had gone viral on social media and other platforms alleging that hundreds of armed robbery and kidnapping suspects had escaped. “Only 10 suspects escaped after the cell break, two of the escapees have already been rearrested while we have intensified hunt for the remaining eight,” the statement read. It said that the publication on social media and other platforms alleging that hundreds of suspected armed robbers and...
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...
Most of the looted palliatives in warehouses across the nation were awaiting distribution to over 2 million vulnerable households, the private sector-led Coalition Against COVID (CACOVID) has explained. In a statement on Monday night, CACOVID said: “The sheer scale of this nationwide food programme and the timing of the orders and deliveries, which coincided with the lockdowns and reduced movement across the country, compelled CACOVID to roll out distribution in a staggered manner”. CACOVID maintained: “The very large size of the order, and the production cycle required to meet the demand, caused delays in delivering the food items to the States in an expeditious manner; hence the resultant delay in delivery of the food palliatives by the State Governors”. For instance, “rice had to be mil...