TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD. (PHOTO). #PRESS RELEASE

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 TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD Troops of 4 Brigade Nigerian Army, Operation WABAIZIGAN, have arrested a suspected kidnapper and recovered an AK-47 rifle and ammunition during a targeted operation along the Benin–Sapele Road in Ikpoba-Okha LGA of Edo State. The suspect, identified as Olamide Oyeniyi, was arrested on 12 September 2026 at Obaretin Community by troops conducting operations to disrupt criminal activities and safeguard major transportation routes within the area. Items recovered from the suspect include one AK-47 rifle, one magazine and eight rounds of 7.62mm Special ammunition. Other items recovered are one Tecno mobile phone, two bags, one torchlight, one music box and assorted charms. The suspect and recovered items are currently in troops’ custody for further investigation, while efforts are ongoing to establish his links to other criminal elements and determine his possible involvement in kidnapping and related activi...
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EXODUS OF MULTINATIONAL COMPANIES CLEARLY SYMPTOMATIC OF GOVERNANCE PROBLEM- OBI. (PHOTO).

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 Exodus Of Multinational Companies Clearly Symptomatic Of Governance Problem – Obi


The Presidential Candidate of the Labour Party (LP) Mr Peter Obi, has addressed the recent exodus of multinational companies from Nigeria, highlighting that the departure of these companies is a clear indication of underlying governance issues.


In a series of tweets posted today, Mr Obi noted that multinational companies leaving Nigeria reflects a lack of confidence in the country’s economic policies and regulatory environment.


Mr Obi stressed that all the companies leaving the nation have highlighted similar problems including and not limited to – a harsh business climate, high energy cost, and insecurity.


The LP flagbearer while questioning why these issues have not been properly addressed, noted that it is the responsibility of leadership and those in charge to urgently tackle the challenges.


Obi who was former governor of Anambra State, also called for urgent reforms to stabilize the economy and restore investor confidence. In his opinion, tackling the issue at hand requires creating a business-friendly environment that fosters investment, innovation and growth.


According to him, this move entails “prioritizing security, stabilizing our policies, and reducing energy costs. We must also cultivate a culture of transparency, accountability, and good governance. We can build an economy that benefits all Nigerians, not just a privileged few”.


I am compelled to address the alarming exodus of multinational companies from Nigeria, which has cost our nation a staggering N95 trillion in the past five years. According to The New Telegraph, in the last year alone, over ten multinational giants such as GlaxoSmithKline,


— Peter Obi (@PeterObi) June 24, 2024

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