Metro

Tinubu’s Economic Reforms’ll Attract UK Investors To Nigeria – British Envoy

Published

3 years ago

June 21, 2023

The British High Commissioner to Nigeria, Richard Montgomery says the economic reforms instituted by President Bola Tinubu are capable of attracting investors from the United Kingdom to Nigeria.

Montgomery said this while speaking with State House correspondents after a closed-door meeting with Vice President Kashim Shettima, at the Presidential Villa, Abuja on Wednesday.

The British diplomat said he addressed British ministers about the removal of fuel subsidy among other economic reforms embarked on by Tinubu, adding that these will make think of Nigeria as an investment destination.

He revealed that his discussions with Shettima highlighted the current policy direction of the Tinubu administration, which, he said, is being warmly received by UK investors.

“As I discussed with His Excellency, the big economic decisions being taken by this government are really important and are being noticed around the world: the removal of subsidy, the exchange rate reform, all of that create a much better investment environment,” Montgomery said.

“I was in London last week; I was briefing my ministers, but I was also talking to British business in finance, banking and investment sectors. They are all responding very positively to these first decisions.”

He further said that the discussions also featured areas of assistance by the British government to cushion the effects of the discontinuance of petroleum subsidy, which has spelt “tough times” for Nigerians.

He said, “We know that there are tough times that are going on at the moment, inflation and unemployment.

“The vice president and I also touched on some of the measures that might be possible to cushion the blow of some of these economic pressures.

“But I think the big issue is that these reforms help put Nigeria on a higher growth path; they will attract more investments and the United Kingdom and the city of London see Nigeria as a big opportunity going forward. I will be doing my part to try to boost those, enhance trade and investment.”

Metro

Gunmen Kidnap Businessman In Ibadan

Published

1 day ago

May 4, 2026

Editor

Gunmen suspected to be kidnappers have abducted a 60-year-old man in Ibadan, the Oyo State capital.

The victim was kidnapped on Saturday while on his way to his residence.

The incident occurred at Jinarere, Alakia in Ibadan.

Public Relations Officer of the State Police command, Olayinka Ayanlade, when contacted, confirmed the incident.

Ayanlade in a statement made available to DAILY POST on Sunday, explained that efforts are ongoing to rescue the victim.

Ayanlade said, “Preliminary information reveals that the victim, a 60-year-old male and building materials trader, was accosted while returning home along the Jinarere axis of Alakia Road by four masked armed men, who forcefully whisked him away in an unregistered ash-coloured Toyota Corolla vehicle”.

Metro

Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo

Published

2 days ago

May 3, 2026

Editor

A 30-year-old entrepreneur and CEO of Principle Takeout, Justice Abu Oshioke, has been killed by suspected kidnappers in Ekpoma, Esan West Local Government Area of Edo State.

He was reportedly attacked by the suspected kidnappers on Saturday while on his way to pick up an order made for his child’s dedication on Sunday morning.

Eyewitnesses said the attackers attempted to force him into a nearby bush in a kidnapping attempt. However, he reportedly resisted and tried to escape.

In the course of the struggle, the assailants opened fire, shooting him multiple times.

Concerned residents quickly rushed him to a nearby medical facility, but he was confirmed dead on arrival.

The deceased was said to have recently gotten married and welcomed a baby boy.

The tragic event has turned a joyous occasion into a moment of grief for the family.

The shocking development has left the Ekpoma community in deep sorrow, with many residents expressing outrage over the growing insecurity in the area.

Edo State Police Command’s spokesperson, Eno Ikoedem confirmed the incident and said the Commissioner of Police, Monday Agbonika has ordered a “full-scale investigation and intensified manhunt for those responsible.”

According to her, the Police, in collaboration with the military, local vigilantes, and hunters, are actively pursuing the perpetrators through coordinated operations.

Metro

Grandfathers Arrested For Drug Trafficking

Published

2 days ago

May 3, 2026

Editor

Two grandfathers, aged 83 and 78, are among several suspects apprehended by the National Drug Law Enforcement Agency (NDLEA) in a fresh nationwide crackdown on illicit drug trafficking.

Pa John Ofiel, 83, was arrested on Tuesday, 28 April during a raid in the Aba region of Abia State.

The NDLEA said that operatives acting on credible intelligence recovered 700 grams of skunk, a potent strain of cannabis already packaged into retail sachets.

The octogenarian, who claimed to be a professional shoemaker allegedly confessed to delving into the illicit trade.

In Ekiti State on Thursday 30 April 78 year old Ogunjobi Samuel was detained at his residence in Ilupeju-Ekiti where officers seized 350 grams of cannabis from him, identifying him as a local peddler.

Chairman and Chief Executive Officer of the NDLEA, (CCEO), Brig. Gen. Mohamed Marwa (Rtd), commended the various state commands for their drug supply reduction efforts.

He urged officers to maintain the current momentum, balancing enforcement with the agency’s War Against Drug Abuse (WADA) sensitisation activities.
The enforcement drive also led to the arrest of a notorious drug dealer in Oyo State Taofik Adeyemi, 49.

He was apprehended on Saturday, 2 May, at his residence in Ibadan after months of evading the authorities.

He was caught alongside his salesman, Mustapha Oyerinde, with 3.085kg of cannabis and a getaway vehicle.

Across other states, the NDLEA recorded significant seizures including over 140,000 pills and capsules of Tramadol intercepted in separate operations targeting transit routes from Damaturu to Hadejia.

A raid on Awolowo Market in Mushin area of Lagos state resulted in the recovery of 740kg of cannabis while in Kaduna, two suspects were caught on the Abuja-Jos highway with 290kg of compressed cannabis concealed in a Honda Ridgeline.

A 65-year-old driver was intercepted at the Ile-Ife toll gate in Osun state conveying skunk and methamphetamine, leading to a follow up arrest of the consignment’s owner in Ilesha.

In line with it’s mandate, the NDLEA continued its War Against Drug Abuse (WADA) advocacy, holding enlightenment lectures for students, Islamic schools, and commercial motorcyclists in Niger, Kano, Anambra, and Lagos states.

The NDLEA’s Director of Media and Advocacy, Femi Babafemi, noted that the agency remains committed to “cleansing the streets” of both notorious distributors and those who use age as a shield for criminal activity.