PANIC AS OYO DEMOLISHES SHOP IN POPULAR IBADAN MARKET. (PHOTO).

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 Panic as Oyo demolishes shop in popular Ibadan market Panic gripped residents and traders of the popular Ojoo market in the Akinyele Local Government Area of Oyo State as the government demolished scores of shops and kiosks in the area, on Thursday. The PUNCH gathered that the Ministry of Lands, Housing and Urban Development had served the traders quit notice a long time ago but they refused to move out of the market. The Chairman of the market,  Muhdeen Ganiyu, fondly called Elewedu, however, told our correspondent that the quit notice was too short but the executive members of all the affected markers would meet after the demolition exercise. “The quit notice was too short. All executive members of all the affected markers will soon meet. So, I cannot say anything for now,” he stated. When contacted, the Commissioner for Lands, Housing and Urban Development, Williams Akin-Funmilayo,  confirmed the ongoing demolition exercise. He said, “The State Governor, Seyi Makinde, had gone ther
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EFCC DOCKS UNLICENSED MONEY LENDER FOR ISSUANCE OF DUD CHEQUE OF N25 MILLION TODAY IN ENUGU.[PHOTO}.

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Image may contain: 1 person, standing                                                             The Economic and Financial Crimes Commission,EFCC,today Monday 20 February,2017 arraigned one Marcel Amadi before Justice. Dugbo Oghoghorie of the Federal High Court Enugu,Enugu State on a three count charge bodering on illegal operation of financial services issuance of dud cheque to the tune of N25,100,000.00 {Twenty Five Million,One Hundred Thousand Naira Only} without any valid license contrary to section 2{1} of the Banks and Other financial Institutions Act,Cap B3,Laws of the Federation,2004 and Punishable under Section 2{2} of the same Act.
It was alleged by a petitioner that the suspect Marcel Amadi is in the business of offering financial services to clients through his company,M.A and Sons Commission Agents Nigeria which though registered with an Enugu magistrate court,was not licensed with neither the state government nor Central Bank of Nigeria {CBN} to operate such financial business.Investigations carried out reveals that he is a 'money lender',who collects money from clients at an agreed interest rate and lends out such funds to other clients also at an agreed interest rate.
However,his ordeal started when after over a period of three months,he stopped the payment of interest on a N25 Million naira invested in the business by the petitioner and could not also refund the principal amount.It was further revealed that in order to ward off pressures from his creditor,the accused person who had held the investment fund since 2010,had held the invested fund since 2010,had issued six cheques to the complainant all of which were retuned unpaid for insufficient funds.The accused pleaded not guilty to the three counts charge preferred against him.In view of the accused person's plea,the prosecuting counsel Barr. Rotimi Ajobiewe applied for a short date for trial.The defense counsel Barr.IM Ugwu,pleaded that his client continues with the administrative bail earlier granted him by EFCC.
Justice Dugbo having granted Amadi his prayer,adjourned the matter to 14th March 2017 for trail.
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