Warehousing
FRSC: 90% of trucks in Nigeria over 30 years
The Federal Road Safety Corps (FRSC) says 90 per cent of trucks in the country are over 30 years. The FRSC Corps Marshal, Dr Boboye Oyeyemi, disclosed this in an interactive session between the Nigerian Shippers’ Council (NSC), the FRSC and Haulage operators on Monday in Lagos. Oyeyemi called for an improvement on the maintenance and standardisation schemes for vehicles as most of them lacked safety measures like lighting, reflectors and other parts. He stressed the need for an intervention from the Federal Government to ensure truckers had fleet renewal as vehicles that had been on the road for 30-years should be scrapped. Oyeyemi pointed out that “due to the age of the trucks, they frequently breakdown on the road prolonging the days goods spend on the road before getting to its destinat...
Commodities trading: SEC issues new rules on warehousing, collateral management
File Photo In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others. According to the rules, every warehouse that stores commodities to be traded on a registered exchange shall apply to be registered by the SEC, while the commission shall maintain a register of all registered warehouses to be published on its website. The new rules also provide that any warehouse applying for registration shall submit proof of ownership or registered-lease deed or rent agreement, alongside a disclaimer from the owner of the warehouse/property providing waiver of ownership regarding commodities stored in such ...
Femi Falana: Bala Mohammed punished Abuja residents for trespassing but defends open grazing
Naijaloaded Human rights lawyer, Mr. Femi Falana (SAN), says Bauchi State Governor, Bala Mohammed, while serving as Minister of the Federal Capital Territory, demolished people’s houses because they encroached on government land. Falana, therefore, stated that it was funny that Bala could turn around to say that herdsmen have a right to stray into people’s land and reside in forest reserves without government permission. The senior advocate said this in a write-up he sent to newsmen on Saturday. He wrote, “Under the Bala Mohammed administration in the FCT, thousands of houses were demolished on the grounds that they were illegally built on landed properties belonging to the Federal Government. “The ex-minister wanted to demolish the entire Mpape housing over a million people. He had claime...
