MORE THAN 100,000 CHILDREN HAVE BEEN DISPLACED BY THE LATEST ESCALATION IN EASTERN DEMOCRATIC REPUBLIC OF CONGO, UNICEF SAID ON SUNDAY, WARNING THE NUMBERS ARE EXPECTED TO RISE AS VIOLENCE SPREADS.(PHOTO).

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 More than 100,000 children have been displaced by the latest escalation in eastern Democratic Republic of Congo, UNICEF said on Sunday, warning the numbers are expected to rise as violence spreads. Since Dec. 1, intense fighting has uprooted more than 500,000 people, with children accounting for over 100,000 of those displaced in South Kivu alone, the UN agency said in a statement released Sunday. It said since Dec. 2, hundreds have been killed in the fighting, and children have been among the victims, with four students killed, six injured, and at least seven schools attacked or damaged. The rapid escalation has forced hundreds of thousands of children and families to flee within Congo and into neighboring Burundi and Rwanda, it added. Many people fleeing the violence have crossed into Burundi, with over 50,000 new arrivals reported between Dec. 6 and 11, nearly half of them children, UNICEF said, adding that the numbers are expected to rise as more displaced are identified. “Chi...
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AMCON HANDS OVER MORIBUND STAR PAPER MILL TO ABIA STATE GOVERNMENT. (PHOTO).

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AMCON Hands Over Moribund Star Paper Mill to Abia State Government


The Asset Management Corporation of Nigeria (AMCON) on Friday officially handed over the long-dormant Star Paper Mill Limited in Aba to the Abia State Government, marking a significant step in the state's industrial revival efforts.


The handover ceremony was held at Government House, Umuahia.


Speaking at the event, Abia State Governor Alex Otti described the recovery of the asset as fulfillment of his campaign promise to resuscitate moribund industries in the state, including Star Paper Mill, Aba Textile Mills, Ogwe Golden Chicken, and International Equitable Association, among others.


Governor Otti pledged that his administration would revive the mill, stating that once fully operational, it would create approximately 3,000 jobs and attract substantial private sector investment.


He disclosed that the mill had previously been sold under questionable circumstances, with parts of the agreement breached. Through his intervention and cooperation with AMCON, the state successfully recovered the asset and refunded payments made by the previous buyer.


The governor also revealed that payments for another AMCON-held industrial facility, Afro Beverages Limited in Aba, are ongoing and expected to be completed in the coming weeks, with prospective investors already in place to partner in its management and operations.


Abia State Commissioner for Industry and Small & Medium Enterprises, Michael Akpara, confirmed that the state government fully concluded the acquisition of Star Paper Mills Ltd with a payment of ₦2.5 billion. He added that an initial deposit of ₦500 million has been made to AMCON toward the acquisition of Afro Beverages Limited.


Earlier, AMCON Executive Director Aminu Mukhtar Dan’amu explained that the factory became moribund due to financial distress but commended the reacquisition by the Abia State Government as a milestone in industrial development.

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