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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BOOK ON THE 2004/2005 BANKING CONSOLIDATION TO BE UNVEILED IN LAGOS. (PHOTO). #PRESS RELEASE.

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 *Book on the 2004/2005 Banking Consolidation to be Unveiled in Lagos*


_The Power of One Man: How the Soludo-Engineered Consolidation Transformed Nigerian Banks to Global Players_ will be unveiled in Lagos at 11am on July 6, 2024, exactly 20 years after the revolutionary banking reforms that culminated in the emergence of 25 banks that had beefed up their capital base to a minimum of N25 billion. The book will be unveiled at Eko Hotels and Suites, Victoria Island, Lagos, Nigeria.


Written by Dr. Ray Echebiri, a seasoned journalist and economist, the book captures lucidly the chain of events in the Nigerian economy, and the banking industry in particular, that led to the banking consolidation of 2004/2005, and what transpired during and immediately after the exercise. It also captures in unmistakable terms how the banking consolidation transformed the Nigerian banking industry and placed it on the same pedestal with the banking industry of such regions as the Americas, Europe and Asia.


The book will be reviewed by a seasoned journalist, author and entrepreneur, Mr. Azu Ishiekwene, Senior Vice Chairman/Editor-in-Chief of Leadership Newspapers.


The book launch will be chaired by a Professor of Economics, Akpan Hogan Ekpo. Ekpo had functioned as Vice Chancellor of University of Uyo, Member of the Monetary Policy Committee of the Central Bank of Nigeria, Member of the Board of the Central Bank of Nigeria, Director General of West African Institute for Financial and Economic Management, and consultant to many multilateral financial institutions and organisations.


The event will be graced by VVIPs, including Chief Olusegun Obasanjo, during whose administration as President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria the banking consolidation was implemented; Professor Chukwuma Charles Soludo, Governor of Anambra State, who initiated and midwifed the 2004/2005 banking consolidation; Mr. Babajide Sanwo-Olu, Governor of Lagos State, whose state was the playground of the banking consolidation.


Also expected to grace the event are the Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, Mr. Ernest Ebi, former Deputy Governor of the Central Bank of Nigeria; other Deputy Governors of the CBN who served with Professor Soludo; eminent bankers, captains of industry, government officials, members of the academia and media executives.

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