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Tompolo demands release of jetty seized by EFCC

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Government Ekpemupolo (aka Tompolo) has asked the Federal Government to order the Economic and Financial Crimes Commission to release his jetty operated by his firm, Mieka Dive Limited, in Warri, Delta State.

About 50 youths, mainly of Ijaw ethnic nationality, protested around the jetty on Wednesday, demanding the release of the property to Tompolo,

Some of the placards the protesters carried read:  ‘No work for us since 2016’, ‘EFCC vacate our site’ and ‘This is democracy’, and ‘obey the rule of law’. The jetty was among property belonging to Tompolo allegedly seized by the anti-graft agency in the wake of charges it brought against him in court about five years ago.

A Federal High court recently quashed the charges.

Ekpemupolo in his speech circulated to newsmen during the protest also demanded that he be compensated for valuables allegedly stolen at the jetty.

He said, “After nearly five years of malicious prosecution by the EFCC and its henchmen on trumped up allegations, I was vindicated by God and the prayers of all our well wishers.

“On the 15 of July, 2020, the law vindicated me and the Federal High Court threw out all the charges against me  that I have no case to answer. Since then I have made several efforts to reach the government agencies, particularly the EFCC to return my looted properties back to me. My peaceful efforts have so far been unsuccessful.

“Let Nigerians note that today, more than five months after the court vindicated me by quashing all charges of corruption levelled against me, the Nigerian state through the EFCC has refused to return my property unlawfully taken from me under those charges.”

“Our demands are simple, return the properties confiscated, starting with this jetty where we now stand. And return all our other properties and pay compensation for the ones that were looted,” he added.

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No Hiding Place for Traffic Offenders as FRSC Unleashes 12 Special Operations Nationwide

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No Hiding Place for Traffic Offenders as FRSC Unleashes 12 Special Operations Nationwide

 

The Federal Road Safety Corps (FRSC) has launched one of the most ambitious nationwide road safety operations in its history, deploying 12 intelligence-driven, code-named special enforcement campaigns across the country’s Zonal Commands in a decisive bid to curb road crashes, crack down on traffic offenders and save lives.

The coordinated initiative, known as the Zonal Special Intervention Patrol (ZSIP), commenced on July 20, with all 12 Zonal Commands simultaneously rolling out operations specifically designed to tackle the peculiar road safety challenges within their jurisdictions.

The operations are peration Fushin Zuma (Anger of the Bee) in Kaduna, Operation Ride Safe in Bauchi, Operation Shark Smile in Port Harcourt, Operation ABO (Safe Passage) in Lagos, Operation Sauka Lafia in Abuja, Operation Kasolayo in Ilorin, Operation Kwushi Ihe Mberede in Enugu, Operation Sanity in Osogbo, Operation Total Compliance in Benin, Operation Harbin Kunama (Scorpion Sting) in Yola, Operation Hadarin Kalangu in Jos, and Operation Daidaita Loading in Zone 10.

The Corps said the coordinated intervention reflects its determination to confront the major causes of road traffic crashes through intelligence-led enforcement, aggressive public enlightenment, enhanced operational visibility, stakeholder engagement and strategic collaboration with other security agencies.

Approved by the Corps Marshal, Shehu Mohammed, the Special Intervention Patrol is designed to empower each Zonal Command to tackle the unique crash patterns and traffic violations prevalent in its area of responsibility.

According to the Corps Marshal, the initiative marks a significant departure from conventional traffic enforcement, shifting instead to targeted, intelligence-based operations capable of delivering measurable results in reducing road crashes and fatalities.

He explained that each operation had been carefully crafted to address dangerous driving behaviours and recurring traffic offences responsible for avoidable deaths and injuries on Nigerian roads.

Mohammed disclosed that the operations would witness massive deployment of FRSC personnel to highways, motor parks, loading points and other critical traffic corridors across the country.

The enforcement exercise, he added, would be complemented by sustained public awareness campaigns, stakeholder engagement and close collaboration with sister security agencies to ensure effective enforcement and prompt emergency response.

He warned motorists, commercial vehicle operators and fleet owners that there would be no hiding place for traffic offenders, stressing that anyone found violating traffic regulations would face firm but professional enforcement in line with the Corps’ statutory mandate.

The Corps Marshal, however, assured law-abiding road users that the operations were not designed to harass or punish responsible motorists but to safeguard lives and property.

He urged Nigerians to cooperate with FRSC patrol teams by obeying traffic regulations, avoiding dangerous practices such as overloading, mixed loading and reckless driving, while encouraging members of the public to report unsafe road users.

Mohammed also called on transport operators to embrace voluntary compliance, noting that road safety remains a shared responsibility requiring the collective commitment of government, transport stakeholders and every road user.

Summing up the Corps’ renewed determination to reduce road carnage on Nigerian highways, he declared: “Every Zone has a mission. Every patrol has a purpose. Every operation is a commitment to saving lives.”

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Jetour Nigeria Extends Winning Streak, Clinches Auto Brand of the Year Award

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L-R: National President of the Chartered Institute of Logistics and Transportation, Dr. Boboye Oyeyemi; Jetour Nigeria Executive, Adeola Oluwakemi; and representative of the Hon. Minister of Marine and Blue Economy, Madam Yussuf Rasheedat, at the 12th Nigeria Transport Lecture event held at Radisson Blu Hotel, Ikeja, Lagos recently

Jetour Nigeria Extends Winning Streak, Clinches Auto Brand of the Year Award

 

Jetour Nigeria has reinforced its growing dominance in Nigeria’s automotive market after emerging Auto Brand of the Year at the 12th Nigeria Transport Lecture and Awards, adding yet another prestigious honour to its expanding list of industry accolades.

The award, presented at the Transport Day Media event held at the Radisson Blu Hotel, Ikeja, Lagos, recognises the company’s remarkable market growth, expanding customer base and commitment to delivering innovative mobility solutions backed by reliable after-sales support.

This latest recognition comes on the heels of Jetour Nigeria’s recent Market Share Leadership Award 2025 from Jetour International, further underscoring the brand’s rapid ascent as one of the country’s fastest-growing automobile brands.

A Rapid Rise to the Top

The award highlights Jetour Nigeria’s explosive growth trajectory, soaring market acceptance, and unwavering commitment to tech-driven vehicles and premium after-sales support.

Speaking on the decision to honour the brand, Publisher of Transport Day Media, Mr. Frank Kintum, noted that Jetour’s disruptive impact on the market made it impossible to ignore.

“The Jetour brand has made a remarkable impact on the Nigerian market since its introduction, and they have consistently sustained that momentum,” Kintum stated.

“It was therefore difficult to overlook the brand for this prestigious recognition.”

Power of Authenticity

This latest accolade underscores Jetour Nigeria’s position as the sole authorized distributor of the global brand. Officially appointed by Jetour International in 2022, the company holds the exclusive rights to import, distribute, and service the entire Jetour lineup in Nigeria.

To protect consumer investments, Jetour Nigeria has built a comprehensive automotive ecosystem. By purchasing through the official network, customers are guaranteed genuine spare parts, expert factory-trained technical support, and valid manufacturer warranties.

Global Recognition/ Diverse Lineup

Jetour Nigeria says in a statement tgst its aggressive market strategy is not just winning local awards, it is turning heads globally.

At the 2026 Jetour Global Conference, Jetour International presented the Nigerian team with the Market Share Leadership Award 2025, crowning it the brand’s top-performing market in Africa.

This joins an already packed trophy cabinet, which includes the Nigeria Auto Journalists Association (NAJA) New Entrant of the Year, Fastest Growing Auto Brand, and the NAJA Car of the Year for the sleek Jetour Dashing.

Jetour’s rapidly expanding portfolio caters to a new generation of Nigerian drivers, blending rugged capability with eco-conscious innovation-the Flagship- G700 stands at the apex of the lineup as a luxury off-roader that delivers highly efficient running costs thanks to its advanced Plug-in Hybrid Electric Vehicle (PHEV) powertrain.

The SUVs & Crossovers are the X50, X70 Plus, X90 Plus, T1 and the award-winning Dashing.

Rugged & Hybrid Capability-The rugged Jetour T2 (alongside its PHEV variant) and the X70 PHEV.

Nationwide Reach via Elite Dealerships

To ensure seamless, nationwide access to sales and premium maintenance, Jetour Nigeria operates through a carefully selected network of seven authorized dealership partners.

These remain the only entities officially recognized by both Jetour International and Jetour Nigeria to sell and service Jetour vehicles across the country, they are Elizade Nigeria Limited, New Era Autovehicle Services Limite, Kojo Motors, Germaine Auto Centre, R.T. Briscoe Plc, TAB Autos Limited, and Mandilas Motors.

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Lasaco Assurance Raises ₦19.3 Billion in Oversubscribed Rights Issue, Surpasses Target by 4.5%

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Lasaco Assurance Raises ₦19.3 Billion in Oversubscribed Rights Issue, Surpasses Target by 4.5%

Lasaco Assurance Raises ₦19.3 Billion in Oversubscribed Rights Issue, Surpasses Target by 4.5%

The capital injection, which exceeded the ₦18.47 billion target, marks a major step in the company’s recapitalisation drive under the Nigerian Insurance Industry Reform Act 2025.

Lasaco Assurance Plc has recorded a significant milestone in its ongoing recapitalisation programme, successfully raising ₦19.30 billion from existing shareholders through a rights issue that surpassed its target by 4.5 per cent. The oversubscribed exercise reflects strong confidence in the company’s strategic direction and financial fundamentals, demonstrating the trust that shareholders and investors have placed in the insurer’s long-term growth prospects. The capital-raising exercise has received key regulatory clearances, with the National Insurance Commission (NAICOM) conducting a comprehensive verification of the source of funds and subsequently issuing a confirmation of admissibility to the Securities and Exchange Commission (SEC). Following NAICOM‘s clearance, the SEC granted final approval for the rights issue, marking another significant milestone in the company’s recapitalisation journey.

As part of the regulatory review, an independent consultant appointed for the exercise completed an extensive verification of the company’s shareholders’ funds, assets, and liabilities, reaffirming Lasaco’s current admissible capital position. The verification process, which was conducted with the utmost rigour, confirmed the credibility and transparency of the capital raised, with the recently injected funds expected to further strengthen the company’s capital base upon their incorporation into the final computation. The successful completion of these critical regulatory and verification processes demonstrates the company’s disciplined execution strategy and unwavering commitment to sound corporate governance, regulatory compliance, and financial transparency.

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Commenting on the achievement, the Managing Director and Chief Executive Officer of Lasaco Assurance Plc, Mr. Ademoye Shobo, reaffirmed the company’s commitment to transparency and corporate governance while expressing gratitude to shareholders for their overwhelming support. “Our recapitalisation journey reflects our unwavering commitment to transparency, accountability, and responsible corporate governance. The overwhelming support from our shareholders and the successful completion of key regulatory milestones further validate the confidence reposed in our company,” Shobo said. He added that the company remains focused on concluding the remaining phases of the exercise and positioning Lasaco Assurance for sustained growth, enhanced competitiveness, and greater value creation for all stakeholders.

The insurer noted that the recapitalisation programme would significantly boost its financial capacity, improve underwriting capabilities, enhance risk retention, and reinforce its position as one of Nigeria’s leading composite insurance companies. The development comes as listed insurance companies across Nigeria step up efforts to strengthen their capital base ahead of the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, with eight insurers on the Nigerian Exchange Limited seeking to raise an estimated ₦78.66 billion through various capital-raising programmes, including rights issues, public offers, and private placements. Lasaco Assurance recently demonstrated its commitment to policyholders by incurring and settling claims totalling ₦17.60 billion in its 2025 financial period. The company also reported a return to profitability in the first half of 2026, recording ₦384.9 million compared to a loss of ₦731.5 million in the same period last year. As it advances towards the successful completion of its recapitalisation programme, the company remains focused on delivering sustainable value to shareholders, protecting policyholders’ interests, and contributing meaningfully to the continued growth and development of Nigeria’s insurance industry.

Lasaco Assurance Raises ₦19.3 Billion in Oversubscribed Rights Issue, Surpasses Target by 4.5%

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