ANAMBRA POLICE RECORD FURTHER BREAKTHROUGH IN OGIDI, RECOVER MORE ARMS. (PHOTO). #PRESS RELEASE.

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 BREAKING NEWS ANAMBRA POLICE RECORD FURTHER BREAKTHROUGH IN OGIDI, RECOVER MORE ARMS In continuation of an earlier operation by Operatives of the Rapid Response Squad, Awkuzu, which led to the arrest of three suspects and recovery of arms in Ogidi on 21st March 2026, the Anambra State Police Command has recorded further breakthrough following sustained investigation and interrogation. The Operatives made additional progress with the arrest of the suspected ringleader of the syndicate, one Chukwuka Anene ‘M’, aged 46 years, who confessed to being the armourer of the gang. The suspect subsequently led Police operatives to the gang’s hideout in Ogidi, where the following items were recovered: two pump-action guns, two locally made Beretta pistols, five rounds of 9mm ammunition, seven live cartridges, a beret linked to a cult group, and body armour. The Command has intensified efforts to apprehend other fleeing members of the gang, while investigations remain ongoing. Further developm...
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FG TO BORROW DORMANT ACCOUNT BALANCES AND UNCLAIMED DIVIDENDS FROM NIGERIANS.{PHOTOS}.

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The Federal government will be borrowing from Nigerians unclaimed dividends and bank account balances unattended to for at least six years.
This is according to the provisions in the Finance Act 2020 recently signed into law by President Buhari. The remitted funds will be available as special credit to the federal government through the Unclaimed Funds Trust Fund.
The Finance Act reads in part
“Any unclaimed dividend of a public limited liability company quoted on the Nigerian Stock Exchange and any unutilised amounts in a dormant bank account maintained in or by a deposit money bank which has remained unclaimed or unutilised for a period of not less than six years from the date of declaring the dividend or domiciling the funds in a bank account shall be transferred immediately to the trust fund''
The act exempts official bank accounts owned by the federal government, state government or local governments or any of their ministries, departments or agencies.
According to the act, the monies transferred to the trust fund will be a “special debt owed by the federal government to shareholders and dormant bank account holders”. It also states that the original owners of the money can claim their money at any time.
The act stipulates that the operation of the trust fund will be supervised by the Debt Management Office (DMO) and governed by a governing council chaired by the finance minister and a co-chairperson from the private sector appointed by the president.

Other members of the governing council shall include the governor of the Central Bank of Nigeria (CBN), director-general of the Securities and Exchange Commission (SEC), managing director of the National Deposit Insurance Corporation (NDIC), a representative of the registrars of companies, two representatives of the shareholders’ association, a representative of the Bankers’ Committee and the director-general of the Debt Management Office as the secretary of the trust fund.
According to financial experts, this move will make needed funds available to the federal government without foreign exchange worries or conditions attached to loans from multilateral lenders.
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