Market formation framework, driver to optimally develop solid mineral sector- Sekibo
Sekibo
MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments.
He disclosed this during a webinar organised by the Securities and Exchange Commission (SEC) in collaboration with the Federal Ministry of Mines and Steel Development with the theme, “Financing the Solid Minerals Sector through the Capital Market and the Critical Role of Commodity Exchanges.”
Sekibo explained that a fully established market formation process that would lead to having a Corporation as an integrated solid mineral institution like NNPC which allows the collateralisation of assets those banks can rely on for alternative funding options.
According to him, this will guarantee other creative ways of raising funds for financing commercial activities relating to solid minerals and viable projects along its value chain.
Sekibo who was represented by the Divisional Head, Strategy and Business Solutions, of the Bank, Olusegun Akanji, said for the sector to be viable, it requires lots of converged government interventions because for any development focused sector to kick-off around the world, it needs government intervention to lay the foundation for the private sector and funders to step-in and pool their resources.
“Once, we can collateralise these assets, whether they are under the ground or being determined, you use different instruments to bring liquidity into them. Then investors will follow up once we have established there is enough they can explore.” the MD stated.
He further suggested that finance sector regulators need to expand its Prudential Guidelines to accommodate the instruments such that precious metal backed or solid minerals backed assets could qualify as part of the computation of liquidity ratios.
“Once banks start injecting their resources, customers would certainly follow that trend. You can start arranging for sophisticated solutions like bonds, bullion backed assets and pension notes. Again, banks will have to be poised to hold the funding that comes from this sector; that way, they can open new transactional frontiers either locally or internationally.
“At the base of this, are the issues of pricing and integrity of the market. Once banks play in that sector and we have a government institution like the NNPC type to hold all these documentations, it would be very easy to establish price discovery on an ongoing basis. This will in turn attract international funders, hedge funds and retail investors. Today, we have retail bonds in the same way; we can have gold backed or any of the solid mineral assets where retail investors can put in the funds,” Sekibo explained.
Meanwhile, it would be recalled that Heritage Bank Plc has said its involvement in the private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited is set to unlock the over N344 trillion market worth of gold investible instruments in the solid minerals sector.
However, he reiterated that consistent packaged framework, which could only be held by an established government institution, as part of the layers of framework, would help to tackle major challenges in trying to support Dukia Gold’s clients.
“With consistent packaged framework, it will be easier for Dukia Gold and help in less spending. If Dukia Gold should speak of their challenges, they will speak about tonnes of tonnes of documents they have to produce. But with a unified source of documentation, it makes the process easier and improves cost management. These are some of the challenges we have experienced in trying to support a few clients we worked with,” Sekibo stated.
Picture: Fidelity Bank MD’s Visit to Lord’s Chosen Charismatic Revival Church
The Executive Management of Fidelity Bank Plc, led by Managing Director/CEO, Mrs. Nneka Onyeali-Ikpe recently paid a courtesy visit on the General Overseer, Lord’s Chosen Charismatic Revival Church, Pastor Lazarus Muoka. Specifically, the visit was to foster good working relationship with the Church and find ways of serving the church and its members better. The MD who was accompanied by the Executive Director, Lagos and South West, Fidelity Bank Plc, Dr. Ken Opara were warmly received by Pastor Muoka and his wife, Pastor (Mrs.) Joy Muoka.
L-R: Executive Director, Lagos and South West, Fidelity Bank Plc. Dr. Ken Opara; Managing Director / Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali – Ikpe; General Overseer, Lord’s Chosen Charismatic Revival Church, Pastor Lazarus Muoka; Wife of the General Overseer, Pastor (Mrs.) Joy Muoka during the courtesy visit paid by Management of Fidelity Bank to Lord’s Chosen Charismatic Revival Church recently.
Ooni of Ife Reportedly Welcomes Secret Baby With Another Woman
A popular blogger, Gistlover has alleged that the Ooni of Ife, Adeyeye Ogunwusi has secretly welcomed a new baby with another woman.
This is coming a few months after Prophetess Naomi Silekunola, the Ooni of Ife’s wife, Oba Adeyeye Ogwunsi, on 15th April, turned a year older, and a dinner party was held in her honor at the palace.
In a video that emerged online captured the moment the queen was eulogizing her husband and jokingly prayed for the monarch to have more queens while she was giving her vote of thanks.
According to the popular Instagram blog, Gist Lover, the Ooni of Ife has wives living in the place with him asides from the Queen and the baby was birth by one of them.
The blog claims thus below:
“According to our source, the Ooni of Ife has 3wives in the palace and they want to keep it off social media as Naomi is the only one allowed to use social media as the Queen of Ooni, all other wives were warned severally to meshionu (keep shut). Queen Naomi has not been finding it easy either as she battles several side chics of the King from all angle…All of us at GLB celebrates with the Ooni of Ife on the arrival of his new born. I come in peace.”
FirstBank Celebrates 2021 Corporate Responsibility and Sustainability Week, Calls for All to Adopt Kindness as a Way of Life
The best definition of kindness is not one provided by any of the world’s best dictionaries but one demonstrated by how we treat others on a daily basis. Kindness is a universal language that does not require any special knowledge, exposure, skills, training or background to understand and appreciate it as a beneficiary or observer of a kind act. Neither is any special knowledge or training required to show and extend it to others. Just as anyone and everyone can be shown acts of kindness, all persons without exception can and ought to show and extend acts of kindness to others. Kindness flows from deep within us, from the better angels of our nature. Hence, the common idiom “the milk of human kindness”.
This is probably the backdrop to the theme “Kindness…a Way of Life”, which FirstBank has chosen for commemoration of its 2021 Corporate Responsibility and Sustainability Week (CR&S Week). This year’s CR&S Week, scheduled to hold from 26th – 30th July 2021, will feature Kind Comments Days, visits to orphanages/less privilege homes, webinars focused on the kindness theme, SPARK school engagement among other activities – lined up for each of the days. The yearly CR&S Week is a dedicated week designed to offer FirstBank staff, customers and the public opportunities to demonstrate the milk of human kindness that flows in them and give their time and resources to defined causes. It seeks to amplify FirstBank’s innate culture of giving and volunteering as embodied in its Employee Giving and Volunteering programme.
The Corporate Responsibility and Sustainability Week was introduced in 2017 as part of the bank’s longstanding Employee Giving and Volunteering programme created to enable and encourage staff to give back to society through donations and volunteering. Specially designed to reignite acts of random kindness in the society with events that are tailored to reorient people towards the right values, it provides a veritable platform for encouraging the citizenry to intentionally create positive impact in their immediate environment. One of the main highlights of the first CR&S Week was the SPARK Initiative. S.P.A.R.K stands for Start Performing Acts of Random Kindness. But originally the “S” stood for “Staff”. It was changed to “Start” to broaden the initiative beyond just staff and encourage everyone else to be part of the kindness brigade. Also, “P” originally stood for “Promoting” but was changed to “Performing” to convey the sense that participants are equally involved in actually doing kind acts and not only promoting kindness.
Held between 25 – 29 September 2017 with “Promoting Kindness: Putting You First” as theme, the maiden CR&S Week was the first of its kind in Nigeria’s financial services industry. It highlighted the role FirstBank’s corporate citizenship interventions was playing in driving positive impact across various communities – all within one compact week. It was aimed at encouraging people everywhere to step out of their comfort zones, shift attention from themselves and their personal needs to others in society who have not been as fortunate as they have and perform a random act of kindness towards them. The first edition of the CR&S Week provided opportunity for FirstBank staff to give their time and resources to promote acts of random kindness within their communities and contribute to the welfare and well-being of others through giving and visits to orphanages/homes of the less fortunate and internally displaced people (IDPs). Within the same Week the bank held career counselling sessions with secondary school students across the six geo-political regions in Nigeria with FirstBank staff coordinating the impactful sessions that inculcated the values of financial literacy and inclusion in young students. Also, staff had the opportunity to nominate beneficiaries they believe are deserving of random of acts of kindness. Through this activity, Baby Ijeoma was nominated as one of the beneficiary that received corrective heart surgery in India which was in partnership with Vama Wave Foundation. The impact of the first edition went beyond Nigeria as FirstBank’s subsidiaries in sub-Saharan Africa and the UK also participated, benefitting people and at least 22 charities in six countries.
The second edition of the CR&S Week held from 19 – 23 June 2018. Themed “Touching Lives: You First”, the 2018 Week was intended to demonstrate FirstBank brand promise to always put stakeholders first. It focused mainly on five key initiatives/activities. First was the launch of a partnership with VisionSpring to advance social impact by providing vision screening and affordable eyeglasses for 10,000 low-income earners. This aligned with the bank’s financial inclusion and financial literacy approach of promoting accessible and affordable financial products and services to disadvantaged groups with the goal of bringing these marginalised populations into the mainstream economy, improving their chances for resilient livelihoods and financial stability. Second were giving and visits to orphanages/less privilege homes. This was the biggest platform for employee engagement during the week. It followed a needs assessment of the orphanages to be visited to enable employees donate appropriate items, and employees responded generously, donating at a scale that had never been done before. In all, eight countries witnessed this initiative while more than 26 charities participated.
Celebration of the UN International Widows’ Day on 23rd June 2018, which coincided with the last day of the CR&S Week, was the third activity. Driven by the International Women’s Society (IWS) in Lagos with whom the bank partnered to organise an empowerment outreach for 500 widows in Lagos, it provided start-up capital and capacity building required to successfully run start-ups and small businesses, to the widows. Fourth was a Career Counselling Day for over 10,000 senior secondary school students, as part of the broader FutureFirst programme of the bank aimed at ensuring the youth are empowered to be financially independent through fulfilling careers and the right financial knowledge. Fifth and final was the SPARK (Start Performing Acts of Random Kindness) initiative, which included a SPARK Day set aside in the bank for people to act within their individual spheres of influence to promote kindness. The initiative also saw the bank receiving about 200 internal and external nominations of people deserving of kindness, out of which 24 beneficiaries were to emerge. The 2018 Week was marked across Nigeria’s six geopolitical zones with two states from each zone, totalling 12 states in all. It was also commemorated in the six countries/markets outside Nigeria where FirstBank already had subsidiaries – UK, Ghana, Democratic Republic of Congo (DRC), Guinea, Sierra Leone and Senegal.
In 2019, the CR&S Week held from 1 – 6 July 2019 with the theme “Ripples of Kindness: Putting You First”. The theme was informed by the bank’s belief that every act of kindness (regardless of how little or in whatever form) ignites a ripple effect that goes on without end. The year’s CR&S Week focused mainly on the SPARK initiative, which had gained so much traction since its humble beginnings in 2017. A Kindness Manifesto for both internal stakeholders and external stakeholders was introduced. There were other new activities or initiatives. A Nice Comments Day was introduced for the first time and scheduled to hold on the first day of the CR&S Week. The basis for it, according to the bank’s committee that oversaw the planning and implementation of the 2019 CRS Week, is the important place of words in the “kindness ecosystem”. The committee underlined this point when it noted as follows: “One of the truest reflections of how kind we are is our choice of words. That’s why we have created Nice Comments Day to help build a kinder world [through kind words].”
Another new initiative introduced in 2019 was the SPARK School Engagement, which involved launching the SPARK initiative in schools to promote the 3Cs projected as the pillars of kindness – Compassion, Civility and Charity. The schools – secondary schools across Nigeria – were to be visited to educate students on acts of kindness, encouraging them to make kindness a lifestyle. A crowd-funding initiative was also added in 2019 to enable both employees and external stakeholders donate to defined humanitarian causes, such as supporting widows, sending children (from indigent homes) to school and providing health care for the physically challenged and the old. As at August 2019, nearly N7 million had been raised through the crowd-funding initiative.
The regular initiatives/activities were also retained in 2019. There were visits to orphanages/less privilege homes. Widows’ empowerment was organised in collaboration with International Women’s Society (IWS), Nigeria to empower a select number of widows across Nigeria. The implementation in Nigeria covered the six geopolitical zones with activities held in four states per zone, amounting to 24 states in all. Six subsidiaries of FirstBank also implemented the programme in their markets/countries – UK, Ghana, DRC, Guinea, Sierra Leone and Senegal. In all, 25 schools benefitted with 6,000 students participating in terms of the School Engagement; 50 charities and NGOs, including Leap Africa and IWS, were partnered. Over 20,000 orphans/less privilege people including widows were reached and impacted.
No CR&S Week could take place in 2020 because of the COVID-19 pandemic and its associated restrictions on public gatherings and visits. But FirstBank did not just fold its hand and sit idly. The bank did something absolutely amazing, demonstrating uncommon solidarity with a vulnerable segment of society – children. Realising that the harsh effects of the COVID-19 crisis were borne disproportionally by children, whose education and thus future were being endangered due to the lockdown and prolonged closure of schools, FirstBank embarked on a mission to do something about it. Working with partners, such as IBM, UNESCO, Robert & John, Curious Learning and the Lagos State Government, it launched the bold and ambitious e-Learning Initiative designed to move one million children onto safe online learning platform. The Initiative was to minimise the disruption to children’s education, ensuring that they remained fully engaged during the difficult period and are not left behind by their peers across the (developed) world. There are already over 150,000 students benefitting from the e-Learning initiative in the height of the COVID-19 crises. In addition, the Bank deployed communication material to create more awareness of the SPARK Initiative and to sensitize staff, customers and the public during the unprecedented times.
What greater demonstration of kindness could there have been in 2020 given the circumstances the whole world found itself, especially vulnerable children? So there may not have been a CR&S Week in 2020 but the same kindness narrative that has characterised all activities of the various CR&S Week since 2017 clearly shone through FirstBank’s COVID-19 response, especially its e-Learning Initiative. In future, people would probably easily be forgiven if they assumed the e-Learning Initiative represented FirstBank’s CR&S Week in 2020. FirstBank has demonstrated uncommon consistency over the years to its Corporate Responsibility and Sustainability Week and the ideals it seeks to project through the platform. This has earned the bank the right to make the bold call that is the theme of this year’s CR&S Week.
The question is whether we will heed the clarion call to adopt kindness as a way of life. Will we go out there and extend kindness to others in ways that will make them realise that kindness is not just a word taken from the dictionary but an act that should always be expressed to others? Will we embrace kindness as our new way of life? Will we commit to making our everyday a Kind Comments Day, thus giving others permission and the strength to do the same? Will we Start Performing Acts of Random Kindness towards all and make them feel obligated to start acting kindly towards other people as their new lifestyle?
My Village People Are Angry – Cubana ChiefPriest Who Gifted Former Boss, Obi Cubana 46 Cows Cries Out
Celebrity barman, Cubana ChiefPriest has taken to social media to cry out after his village people expressed their anger towards his kind gesture to his former boss, Obi Cubana during the weekend.
Society gazette reports that Cubana ChiefPriest had earlier gifted his former boss, Obi Iyiegbu, popularly known as Obi Cubana, 46 cows.
This comes as a kind gesture and offering to the billionaire businessman, Obi Cubana who lost his mother in December 2020 and laid her to rest on Friday, 16 July in grand style in Oba, Anambra state.
Days after the gesture, Cubana Chiefpriest via his Instagram has cried out about how his village people are displeased with him for not extending such a gesture to them. He was stated that he’s now obligated to bring 46 goats as an appeal before he’d be allowed to enter his village again.
Taking to his Instagram to narrate his ordeal, Cubana Chiefpriest wrote; ‘My Village People Dey Para For Me, Dem Say If I No Bring 46 Goats Come Back From Oba Make I No Enter Village Again, Dem Say The Goats Belong To Them, Say Make I No Use Their Tradition Play #DrEzeMuo💀 #CelebrityBarMan’
I don’t Have Soap To Cut For Any Youth Looking for Quick Money, Work Hard – Obi Cubana
Chairman of Cubana Group, Obi Iyiegbu, popularly known as Obi Cubana, has stated that he does not have “soap” to cut for any youth looking to make quick money.
Society gazette had reported the lavish display of wealth in Oba last Friday Obi Cubana buried his mother was in grand style.
Obi Cubana, who reportedly lost his mother in December 2020, laid her to rest on July 16th 2021 in Oba, Anambra state.
The funeral’s preparations caught the attention of many after the club owner received 246 cows from his friends.
Obi Cubana also bought a diamond chain and pendant from a popular jeweller, Efobi Stephen, which had his late mother’s face engraved on it.
Many youths have since taken to social media to hail the nightclub boss asking him to “cut soap” (which means introduce them to ritualists) for them.
Speaking in an interview with BBC News Pidgin on Tuesday, Obi Cubana advised youths to work hard and earn a better life.
While urging youths to work hard to make their money legitimately, the businessman stressed his belief in the power of prayer, God, hard work and investment in quality circle of friends.
“We didn’t plan for one-fifth of the crowd at the funeral,” he said. “But see what happened at the burial. People have been saying that Obi Cubana has money, which money? They need to know people who have money in Anambra and in Nigeria. It is not about money but goodwill. What happened that day, money can’t buy it. See the mammoth crowd, yet nobody was raped, no car was stolen and no one was attacked. It can only be God.”
“I do pray before I leave the house. I pray because if you don’t pray your body will be naked and prone to different attacks,” he added.
Obi Cubana said, “If you are in your 20s, work now. I am 46 years (old), I have done my first half. I don’t know why someone who is just 20 years (old) will say he has not made it when he still has 50 years 60 years ahead.
“There is no soap to cut for anybody, there is no soap anywhere, work, pray, be good, make your own soap.”
2023: Nigerians Eagerly Waiting For Buhari’s Tenure To End – PDP Replies Shehu
The opposition Peoples Democratic Party (PDP) has stated that Nigerians are already tired of the Muhammadu Buhari presidency and can’t wait for his tenure to end in 2023.
The PDP in a statement on Tuesday signed by its National Publicity Secretary, Kola Ologbondiyan said anything that will keep the Buhari government in office longer than May 29, 2023, will be firmly resisted.
The PDP was responding to an earlier report in which the presidency had admonished the Peoples Democratic Party (PDP) to forget about returning to power when the tenure of President Muhammadu Buhari expires in 2023.
The Senior Special Adviser to the President on Media and Publicity, Garba Shehu made the submission while speaking on Tuesday after the Eid-el-Kabir prayer in Abuja.
According to him, President Buhari and the ruling All Progressives Congress (APC) have done so much for Nigerians that the citizens will not vote for another party come 2023 when he leaves office.
He told the PDP and other opposition parties to forget about displacing APC as the ruling party in 2023 because Nigerians will not forget the legacies of the Buhari administration in a hurry.
Replying in a statement titled ‘Buhari Presidency’s 2023 Comments Smacks of Self-Succession Plot’ the PDP said the position of the president’s spokesperson is provocative and suggestive that Buhari wants to cling to power.
It added that Nigerians have suffered enough hardship under the Buhari government and deserve something better.
The statement reads: “The Peoples Democratic Party (PDP) says the assertion by the Buhari Presidency that Nigerians will be waiting for President Muhammadu Buhari “to show the way in 2023” has further heightened public apprehensions of self-succession plot by the cabal in the Presidency.”
“Nigerians were jolted when President Buhari’s spokesman, Shehu Garba, publicly announced in Daura, Mr. President’s hometown, that President Buhari “constitutes a political obstacle” which those who seek to succeed him, come 2023 “cannot dismantle.”
“Such statement by the Presidency, which is in its last lap of the second and final tenure in office, is not only provocative but also smacks of plots to derail our constitutional democratic order.”
“Perhaps the comment by the Buhari Presidency explains why there have been heavy onslaught against our institutions of democracy as well as the Electoral Act.”
“Our party and indeed the majority of Nigerian across board and even across party lines caution President Buhari’s handlers to note that such plots cannot stand as it will be firmly resisted by the people.”
“Shehu Garba should be bold enough to announce that President Buhari will be on the ballot for another term in 2023 and watch how Nigerians will respond.”
“The 1999 Constitution (as amended) is clear on the tenure of office of the President and such cannot be extended under any guise or conditions whatsoever.”
“It is imperative for Shehu Garba to note that Nigerians have been subjected to the worst forms of hardship under the Buhari-led All Progressives Congress (APC) administration and will never allow anything that will keep this administration in office a day beyond May 29, 2023.”
Sunday Igboho Chained In Police Cell, Seriously Weeping In Custody – Lawyer
Yomi Aliyu, the lead counsel for arrested Yoruba Nation activist Sunday Adeyemo aka Sunday Igboho, has lamented his client’s treatment in the custody of the police in Benin Republic.
Speaking to The PUNCH on Tuesday, Aliyu said Igboho’s wife, Ropo, a German citizen, who was arrested together with the activist, was also kept in a separate cell by the police.
He said, “They chained him in the cell where they put him in Cotonou. There was a fracas at the airport yesterday when he was arrested. They hit him in the hand and that same hand was handcuffed, he is in pains and he was weeping like a child when I called, I heard him.
“The wife too was put in a separate cell but they didn’t chain the wife. He was crying, the wife was crying too cease he was writhing in pains seriously. We only pray they don’t pay anybody to kill him. You don’t out somebody in cell and still chain the person.
“You know he sustained injury and they didn’t take him to hospital for treatment. We heard that he is appearing in court tomorrow but I don’t know whether that will carry it out.”
Alliyu argued that “The Extradition Treaty of 1984 between Togo, Nigeria, Ghana and Republic of Benin excluded political fugitives. It also states that where the fugitive will not get justice because of discrimination and/or undue delay in prosecution the host country should not release the fugitive.
“Now, Article 20 of African Charter on Human and Peoples Rights to which the four countries are signatories made agitation for self-determination a fundamental right to be protected by all countries. This made Chief Sunday Adeyemo a political offender who cannot be deported and/or extradited by the good people of the Republic of Benin for any reason.”
He urged Germany, Benin Republic and the international community “to rise up and curb the impunity of the Nigerian Government by refusing any application for extradition of our Client who already has application before the International Criminal Court duly acknowledged”.
Two Storey Building Under Construction Collapses In Ikorodu, Kills Landlord
A two-storey building under construction at 77, Tapa Road, Oke-Ojo, Isawo in Ikorodu, Lagos State, collapsed.
Naija News reports that the building which collapsed on Tuesday killed the owner.
The incident occurred at about 2.30p.m., while Eid-el-Kabir celebrations was in full swing.
The deceased was identified as Pastor Daniel Obasi, while it was learned that the collapsed building was an attachment to the main building behind it.
Obasi’s body was later recovered from the rubbles by emergency responders and handed over to Isawo Division Police.
Speaking to Vanguard, a neighbour who pleaded anonymity, said construction works were suspended on Tuesday because of the Eid-el-Kabir celebration.
She said workers were at work till late evening on Monday.
The Police in Isawo Division have deposited the body in the morgue of the General Hospital, Ikorodu.
Confirming the incident, Lagos State Acting Coordinator, National Emergency Management Agency, NEMA, Ibrahim Farinloye, attributed the incident to the inadequate timeline for the construction work.
He said: “The cause of the collapse was suspected to be inadequate timeline to allow sand-filled land to compact properly before the commencement of construction and poor building materials, according to neighbours.”
Farinloye said further investigations would be conducted by relevant agencies.
Ooni, Agbaje, Olujimi, Other Yoruba Leaders Meet Over Sunday Igboho’s Arrest
The Ooni of Ife, Oba Adeyeye Ogunwusi on Tuesday met with some prominent Southwest leaders met behind closed doors over the arrest of Sunday Adeyemo alias Sunday Igboho.
It was gathered that those at the meeting include Senator Abiodun Olujimi (PDP-Ekiti South); Akin Osuntoun, a former political adviser to ex-President Obasanjo Obasanjo and a former Peoples Democratic Party (PDP) Governor candidate for Lagos State, Jimi Agbaje.
Confirming the meeting, Deputy Chairman, Oyo State Council of Obas, Oba Francis Alao said the meeting was originally convened to discuss national developments but had to delve into Igboho’s arrest,
“The essence of our meeting is a call by the Ooni of Ife, Oba Adeyeye Ogunwusi that we need to come back to our roots and do things the way we use to do it successfully,” he told TheNation.
“A lot of things have gone wrong in the last few years in this country, politically, economically, socially, and we want to put things in the right perspective, that is the essence of this meeting. “Coincidentally, Sunday Igboho was part of what was discussed. We did not ignore the issue but it was not the main issue we discussed.
“We need to be at the forefront of what is happening in this country? We are going to make wider consultations whereby individuals, groups, and others will be carried along to put things in the right direction.
“We cut across the Southwest states at the meeting. We are going to make wider consultations with monarchs. It is time for us to get it right.”
Naija News had earlier reported that Sunday Igboho was arrested in Cotonou, Benin Republic.
He was arrested at the Cotonou Cadjehoun Airport on Monday night while attempting to flee to Germany, a top source familiar with the matter revealed.
Igboho was arrested by the security forces in Benin Republic about three weeks after the Department of State Services declared him wanted for allegedly stockpiling arms, an allegation he has since denied.
Recall that Nigeria’s federal government had placed Igboho on the stop-list in order to facilitate his arrest and directed the security agencies to apprehend him when found.
