metro
Cooking gas price drops, supply rises, govt projects further decrease

The Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas.
It disclosed this while reacting to the recent marginal drop in the cost of cooking gas.
According to findings, the price of 12.5kg LPG has dropped from N8,800 to between N8400 and N8200. In some outlets, the price of the commodity dropped to between N7,800 and N8,000 as of Thursday.
In November, The PUNCH exclusively reported that the cost of LPG kept rising in 2021, jumping by more than 240 per cent between January and October 2021.
The development forced some LPG users to shift to charcoal or firewood, as consumers of the commodity raised the alarm over the persistent hike in its price.
The product had increased by 240 per cent for 12.5kg, moving up from N3,000 to N10,200 within the first 10 months of 2021.
“It is in government’s interest for the price to go down consistently and there are certain initiatives that are being taken at the moment, which hopefully will see to further drops in price regardless of the international cost,” the Programme Manager, National LPG Expansion Implementation Plan, Office of the Vice President, Dayo Adeshina, stated.
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When asked to state one of such initiatives, he replied, “The discussions are still ongoing and there are certain things that you can do to stimulate the market which will have an effect. One of them also has to do with storage.”
About 65 per cent of the LPG is imported into Nigeria, while domestic production accounts for 35 per cent, hence the cost of the commodity in the global market affects the price locally.
Adeshina told our correspondent that the international price of the LPG had risen so high in October last year, but dipped towards the end of 2021 into January 2022, as this also contributed to the recent drop in the LPG price across the country.
He said, “If you look at the international pricing of the LPG, and that might change again because it is not a fixed price, in January last year, it was $250 per tonne.
“It rose to $875 per tonne by the end of October and started dropping by the end of November into December, and came down to around $500 per tonne at some point but went up again in December to $708 per tonne.”
He added, “Now, as of the third of January this year, that figure is $744 per tonne. So you can see there is a drop from about $800 around November to $700 in January. The issue here is that the price has been fluctuating.
“Yes you have the effects of Customs and the position of the VAT that made people pay tax for what they imported even in 2019 and 2020. Of course, some importers stopped importing, but there is a resolution going on to resolve that aspect.”
Punch
metro
Police recover bodies of father, son after mysterious death

Police recover bodies of father, son after mysterious death
Authorities in Ebonyi State have recovered the remains of a man and his son who were found dead under unclear circumstances in the Ebebe Junction area of Abakaliki.
State Police Command spokesperson, SP Joshua Ukandu, confirmed the evacuation to the News Agency of Nigeria (NAN) on Friday.
Ukandu said the deceased, identified as Mr. Light Nwodor and his son Miracle, were found lifeless, prompting swift action by officers in the area.
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“When I was called by an individual about the incident, I quickly called the Divisional Police Officer (DPO) in the area,” he said.”They swung into action and the dead bodies have been evacuated.“The police have launched investigation into the matter.”The command will definitely inform the general public on completion of investigation.“Right now, nobody knows what caused their deaths,” he added.
He also noted that no updates had been received from the DPO regarding any arrests linked to the case.
Initial unconfirmed reports circulating online suggested that the deaths may have resulted from eating food prepared by a woman who is allegedly now at large.
Police recover bodies of father, son after mysterious death
metro
Many missing, one killed in Ebonyi community clash

Many missing, one killed in Ebonyi community clash
One person has been shot dead, two injured and many people missing in Ndiagu Amagu, Ikwo in Ikwo Local Government Area of Ebonyi State following a leadership tussle. The deceased, Nwoyika Ugbaloke and Thomas Ngaragu were reportedly attacked by some gunmen, but Ugbaloke couldn’t survive the attack.
Many people are said to be missing in the attack.
It was gathered that trouble started when a faction in the community imposed N40, 000 level on all the adults in Nduche Umuomara in the community, which did not go down well with another faction in the area.
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It was also gathered that the faction that imposed the N40,000 levy on the adults was also selling lands belonging to the faction that opposed the levy.
A son of the deceased, Nwoyika Kingsley Emeka, lamented the killing of his father and called for arrest of his killers. He said the killers were moving freely in the community, sealing people’s farmlands with palm fronds and warning them never to set their feet on the farms until the fines were paid.
He alleged that the perpetrators were being protected by some highly placed persons in the community.
When contacted, the state Police Public Relations Officer, SP Joshua Ukandu said he had not received any report on the incident.
Many missing, one killed in Ebonyi community clash
metro
EFCC declares four persons wanted over CBEX scam

EFCC declares four persons wanted over CBEX scam
The Economic and Financial Crimes Commission (EFCC) has declared eight suspects wanted in connection with the alleged loss of approximately N1.3trillion to Crypto Bridge Exchange (CBEX).
Apart from two of the suspects based in Ibadan, the rest six were said to be from Idimu-Egbeda Road in Lagos.
But the EFCC has held on to two suspects it earlier arrested.
According to a notice by the EFCC’s Head of Media and Publicity, Mr. Dele Oyewale, all the suspects are wanted for “fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX).”
The first set of suspects, who are Nigerians, include, Oloyede, Emmanuel Uko, Adefowora Oluwanishola and Adefowora Abiodun Olaonipekun.
The foreigners are Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera and Serah Michiro.
The Adefoworas and Michiros are suspected to be couples.
The statement described the second set of suspects as “foreign accomplices wanted by the EFCC. “
The statement added: “The public is hereby notified that the persons whose photographs appear above are suspected foreign accomplices wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX).
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“Anybody with useful information as to their whereabouts should please contact the Commission in its Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, llorin, Enugu, Kano, Lagos, Gombe, Port Harcourt or Abuja offices or through 08093322644; its e-mail address: info@efcc.gov.ng or the nearest Police Station and other security agencies.”
Asked about those two earlier arrested, a source in EFCC said: “They are still in custody. “
The Director-General of the Security and Exchange Commission (SEC), Dr Emomotimi Agama has said CBEX is unregistered with it.
He said the commission cannot be of help to the victims.
He said: “There is nothing the commission can do”.
“We are worried that this went on for long without anyone drawing our attention to it. That is why we are doing more enlightenment and asking people to come forward to report this for early detection.”
SEC said preliminary investigations revealed that CBEX, which also operates under the corporate identity of ST Technologies International Ltd, Smart Treasure/Super Technology, had held itself out as a digital asset-trading platform, offering high returns to investors in Nigeria.
It said: “The Commission hereby clarifies that neither CBEX nor its affiliates were granted registration by the Commission at any time to operate as a Digital Assets Exchange, solicit investments from the public or perform any other function within the Nigerian capital market.”
EFCC declares four persons wanted over CBEX scam
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