LAGOS POLICE LAUNCH INVESTIGATION AS JEWELLER ACCUSES ITS OFFICERS OF HARASSMENT. (PHOTO).

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Lagos police launch investigation as jeweller  accuses its officers of harassment The Lagos State Police Command said it has commenced an investigation into a viral video of a jeweller accusing some policemen in the Festac area of the state of harassing him.  The command disclosed this in an X post on Saturday. The video, which circulated on X on Saturday morning, shows the businessman engaged in a struggle with some policemen. Later in the video, the businessman could be seen with a bloody face after allegedly sustaining a cut beside his right eye during the struggle with the police officers,  The jeweller later explained that the policemen from the Festac Division had stopped him for a routine search. He said the officers accused him of peddling drugs after finding a scale on him. “I went to deliver a necklace to someone when police officers stopped and searched me in Festac, Lagos. They found nothing on me but saw the scale I use to measure gold and accused me of using...
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LAUNCH OF THE FIVE BILLION SERIES 1 OF THE 30 BILLION EKO RICE RICE CONTRACTS PROGRAMMES ON THE LAGOS COMMODITIES AND FUTURES EXCHANGE. (PHOTOS).#PRESS RELEASE.

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GOV SANWO-OLU ATTENDS LAGOS COMMODITIES AND FUTURES EXCHANGE LAUNCH: 5 BILLION SERIES 1 OF THE 30 BILLION EKO RICE CONTRACTS PROGRAMMES, AT THE UAC BUILDING, MARINA, ON WEDNESDAY, 21ST JUNE 2023

 
Dear Lagosians! 

I'm happy to announce the launch of the Five Billion Series 1 of the 30 Billion Eko Rice Contracts Programme on the Lagos Commodities and Futures Exchange. 

This revolutionary public-private partnership is a game-changer for agriculture and food security in Lagos State. 

Agriculture is a critical sector of our economy, and this programme positions Lagos as an innovative hub. By guaranteeing the availability of affordable rice, we're ensuring food security for over 80% of Lagos families and also empowering our local farmers and driving economic growth together. 

Our commitment to the development of the Rice Value Chain has yielded remarkable results. We've scaled up local paddy production by 63.5%, creating over 2,620 jobs and improving livelihoods in rice-producing communities. This is just the beginning of our agricultural revolution.

Today's bell ringing ceremony on Lagos Commodities and Futures Exchange is a historic moment. We're offering exciting investment opportunities in Lagos' agricultural sector, highlighting these investment opportunities and projecting the role of the Capital Market in driving development in Lagos' commodities ecosystem. Let's seize the potential!

Through our agreement with Lagos Commodities and Futures Exchange, we'll ensure a sustainable supply of paddy to the rice mill. Every three months, 15,000 metric tonnes of paddy will be milled and sold to the public through subscribers. This collaboration strengthens the rice value chain and boosts confidence in the market.

L-R: Chairman, Lagos Commodities and Futures Exchange (LCFE), Chief Onyenwechukwu Ezeagu; LCFE Managing Director/CEO, Mr Akinsola Akeredolu-Ale; Lagos State Governor, Mr Babajide Sanwo-Olu; his Deputy, Dr Obafemi Hamzat; former Special Adviser to the Governor on Agriculture (Rice Mill Initiative), Dr Rotimi Fashola and the Ayangburen of Ikorodu, Oba Kabiru Shotobi, during the Lagos Commodities and Futures Exchange launch of 5 Billion Series 1 of the 30 Billion EKO RICE Contracts Programmes, at the UAC Building, Marina, on Wednesday, 21 June 2023

 

L-R: Chairman, Lagos Commodities and Futures Exchange (LCFE), Chief Onyenwechukwu Ezeagu; LCFE Managing Director/CEO, Mr Akinsola Akeredolu-Ale; Lagos State Governor, Mr Babajide Sanwo-Olu; his Deputy, Dr Obafemi Hamzat and former Special Adviser to the Governor on Agriculture (Rice Mill Initiative), Dr Rotimi Fashola, during the Lagos Commodities and Futures Exchange launch of 5 Billion Series 1 of the 30 Billion EKO RICE Contracts Programmes, at the UAC Building, Marina, on Wednesday, 21 June 2023

 

L-R: Chairman, Lagos Commodities and Futures Exchange (LCFE), Chief Onyenwechukwu Ezeagu; LCFE Managing Director/CEO, Mr Akinsola Akeredolu-Ale; Lagos State Governor, Mr Babajide Sanwo-Olu; his Deputy, Dr Obafemi Hamzat and the Ayangburen of Ikorodu, Oba Kabiru Shotobi, during the Lagos Commodities and Futures Exchange launch of 5 Billion Series 1 of the 30 Billion EKO RICE Contracts Programmes, at the UAC Building, Marina, on Wednesday, 21 June 2023

 

L-R: Chairman, Lagos Commodities and Futures Exchange (LCFE), Chief Onyenwechukwu Ezeagu; LCFE Managing Director/CEO, Mr Akinsola Akeredolu-Ale; Lagos State Governor, Mr Babajide Sanwo-Olu; his Deputy, Dr Obafemi Hamzat; the Ayangburen of Ikorodu, Oba Kabiru Shotobi and former Special Adviser to the Governor on Agriculture (Rice Mill Initiative), Dr Rotimi Fashola, during the Lagos Commodities and Futures Exchange launch of 5 Billion Series 1 of the 30 Billion EKO RICE Contracts Programmes, at the UAC Building, Marina, on Wednesday, 21 June 2023.

More photos below. 



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