AMCON: Our chronic debtors are ministers, lawmakers

Ahmed Kuru, managing director of the Asset Management Corporation of Nigeria, says it is worrying that the chronic debtors that are behind the over N5trillion debt burden are ministers and members of the national assembly.

Speaking on Wednesday at the July 2019 edition of the Breakfast Meeting, organised by the Nigerian–American Chamber of Commerce (NACC), Kuru said the corporation is making plans to produce a full-length television documentary of notorious debtors.

The AMCON MD said the idea was to document in a permanent format for generations yet unborn to know the so-called big men and women that are behind the over N5trillion debt burden, which AMCON is battling to recover.

The worrisome aspect of the issue, he said, unlike what happens in other clime is that these obligors still manipulate their way to emerge as members of the national assembly, ministers, chairmen and women of big organisations and pro-chancellors of universities.

“Sadly, these are the calibre of people we respect in Nigeria but these people are not role models. How can you be a role model when you cannot honour a simple obligation?” he said.

That is why I have been consistent in the call for the return of the failed bank act. The way we are handling the issue in the country suggests that we are encouraging a lot of financial rascalities.

“These are men and women who go to banks borrow monies with no intention to pay and in the process bring down banking institutions. It takes a lot for a bank to fail. AMCON just rescued Skye Bank with an investment of nearly N1 trillion.

“As AMCON, we have no power to arrest these ‘powerful’ people as we depend largely on judicial processes to recover and we all know the slow pace of judicial processes. We now want to go a step further by working with the ICPC and the EFCC, which will enable us to go investigate the credit processes.”

- THECABLE

How my brother’s wife stabbed husband, poured hot water on him – Ex-governor’s aide

A housewife, Aisha, on Friday stabbed her husband, Yahaya Maiyaki twice in the stomach.

The incident occurred after a quarrel in their home located at Sarduana Crescent in Kaduna.

The victim is presently receiving treatment at a private hospital in the State

The victim’s brother, Ahmed Maiyaki, who served as media adviser to Ex-Governor of Kaduna State, Ramalan Yero, narrated what happened.

“Aisha was already waiting for her husband with boiled water when he woke up for prayers, she poured the water towards where he was but fortunately he was able to dodge”, he told the media.

“She then threw pots at him and when she saw that he also managed to dodge, she got a knife and stabbed him on both sides of his lower abdomen.

“It is rather shocking because they have been married for five years and they have one child, nothing in her character ever suggested she could be capable of such an act”.

Kaduna Police command PRO, DSP Yakubu Sabo, confirmed the incident.

He said the suspect, who had fled home, is in police custody and will be charged to court after investigation.

- PM NEWS

Guarantor commits suicide, after friend runs away with microfinance loan

A 41-year-old woman identified as Shakirat Rasheed on Friday, committed suicide in Adeosun area of Apete a surbub of Ibadan, the Oyo State capital.

Rasheed was said to have reportedly hanged herself after her friend whom she stood for as guarantor failed to repay a loan taken from a microfinance bank.

Her friend allegedly took the loan from a micro finance bank popularly known as LAPO.

It was gathered that Rasheed reportedly stood as a guarantor for her friend who obtained a loan from LAPO office at Awotan area, but the friend was said to have been at large, forcing the guarantor to be paying the loan in bits.

Sources added that the loan “caused Mrs Rasheed’s depression and she seemed unable to bear the problem any longer, especially when officials of the micro-finance bank reportedly called her on Friday to see them in their office.”

The Divisional Police Officer in charge of Apete police station led detectives to the scene of the incident.

It was further gathered that the family said that there would be need to perform some rituals before the body could be detached from the rope hanging on it from the ceiling.

Commissioner of Police, Shina Olukolu, confirmed the story.

He said that preliminary investigation indicated that the woman committed suicide.

Public Relations Officer (PRO) of the State Police Command, Mr. Olugbenga Fadeyi also confirmed the incident to DAILY POST on Saturday.

Fadeyi told DAILY POST that more efforts are being intensified to get more details about her death.

- DAILY POST

Arsenal agree stunning £72m deal for Nicolas Pepe

While fans were anticipating for the signature of Crystal Palace Winger Wilfred Zaha, Arsenal have reached an agreement with French club Lille to sign Ivory Coast winger Nicolas Pepe in a deal worth 80m euros (£72m).

According to reports, Arsenal will pay for the 24-year-old via a series of instalments that suit their restricted budget for this summer.

An agreement between Arsenal and Pepe’s representatives still needs to be finalized but the transfer is expected to be completed in the next 24 to 48 hours.

Italian side Napoli also met Lille’s asking price, but their proposal was rejected by the player’s camp.

Pepe tends to operate on the right-wing and cut in on to his left foot, but can also be used as a striker in a 4-4-2 formation.

He scored 23 goals for Lille last season and satisfies Arsenal’s need for a wide player with pace and high technical ability.

Arsenal offered £40m for Crystal Palace’s Ivory Coast winger Wilfried Zaha earlier this month, but their Premier League rivals value the player at about £80m, BBC reports.

- PM NEWS