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FCCPC committee to shutdown illegal money lending businesses

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The joint committee tackling violation of consumer rights in the money lending industry will shut down illegal businesses at the commencement of its enforcement, the Federal Competition and Consumer Protection Commission (FCCPC) says.

Mr Babatunde Irukera, the Chief Executive Officer of FCCPC, told the News Agency of Nigeria (NAN) in Abuja on Sunday, that the enforcement would commence soon.

NAN reports that the joint committee was made up of representatives from FCCPC, the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC).

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Other agencies involved in the committee are the National Information Technology Development Agency (NITDA) and the National Human Rights Commission (NHRC).

Irukera said that the committee would also be writing interim regulations which money lending companies must comply with.

“The joint committee is meeting and agreeing on how to proceed but I can say that two of the entities of the joint committee will be going on the field and doing enforcement work now, very shortly.

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“They will be closing down businesses and engaging App stores to shut down certain applications that are infringing and abusive.

`We are also going to be writing interim regulations and some basic information for all these money lenders to provide information so that people will know who they are.

“Some of them are just Apps that we do not even know who the promoters are.

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“So we are going to provide certain frameworks for them to comply with before doing business, ‘’ he explained.

On the increasing number of consumer complaints about services by insurance companies, Irukera said that the commission was progressing in their Memorandum of Understanding (MoU) with the National Insurance Commission (NAICOM).

According to him, we anticipate that as we conclude that MoU early next year, we will have more industry-wide interventions in that space.

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“We get a lot more complaints about the insured who have paid their premium and are not been settled and so, we are engaging NAICOM on that.’’ (NAN)

 

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Crime

Police Foil Cult Initiation in Anambra, Arrest Six Suspects

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The Anambra State Police Command has foiled a cult initiation ceremony in Nawfia, Njikoka Local Government Area of the state.

Spokesperson for the Command, SP Tochukwu Ikenga, disclosed this in a statement issued on Tuesday in Awka.

According to Ikenga, the operation was carried out by police operatives around 9:30am on June 15, leading to the arrest of six suspects at the scene.

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Recovered during the raid were one Jojef pump action gun, two cartridges, and a golden-coloured Lexus SUV with registration number ATN 202 AE. Other items found include two cutlasses, two scissors, a cap bearing the inscription of the Supreme Vikings Confraternity, charms, and substances suspected to be hard drugs.

“They are currently undergoing police interrogation to get more insight into their modus operandi, after which the case will be charged to court on the conclusion of the investigations,” Ikenga stated.

The police spokesperson reassured residents of the command’s unwavering commitment to fighting cultism and other related crimes across the state.

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Crime

Court remands 2 over alleged attempted murder

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Court discharges man accused of burning father’s house in Abuja

An Ikeja Magistrates’ Court, Lagos, on Wednesday, remanded two persons, Olaitan Fasasi and Kehinde Tobiloba in a correctional facility over alleged attempted murder.

Fasasi, 40, and Tobiloba, 26, whose addresses were not provided, are being charged with conspiracy, attempted murder and membership of a secret society.

The Magistrate, Mr L.A Owolabi, did not take the plea of the defendants for want of jurisdiction.

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Owolabi directed the police to forward the case file to the Director of Public Prosecution for legal advice.

He thereafter adjourned the case until May 31 for mention.

The Prosecutor, Josephine Ikhayere, told the court that the defendants committed the offences at about 5.02p.m on Feb. 15, at Mushin, Lagos.

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She said that Fasasi, Tobiloba and others now at large, attempted to commit murder by shooting at a resident, Alfred Ademola.

“They armed themselves with a locally made gun. They belong to Eiye Confraternity, a group proscribed by law,”, she said.

Ikhayere said that the offences contravened Sections 230(1) and 411 of the Criminal Law of Lagos State, 2012.

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He said that the actions of the defendants also contravened Section 2(3)(a)(b)(c)(d) of the unlawful societies and Cultism Law of Lagos State Law.

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Crime

Man jailed 3 months for stealing mobile phone

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An Area Court in Jos, on Tuesday, sentenced one Jeptha John, to three months imprisonment for stealing a Redmi mobile phone valued at N165, 000.

The judge, Shawomi Bokkos, sentenced the John after he pleaded guilty to the offence.

The judge, however, gave the convict an option to pay N20, 000 fine and N50, 000 restitution to the complainant.

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Bokkos said that if the convict defaulted in paying the restitution, three months should be added to his sentence to make it six months imprisonment.

Earlier, the police prosecutor, Insp Monday Dabit, told the court that the case was reported at the B Division Police Station, Jos, on Dec.  1, 2024, by Ms Nerat Danjuma.

He said that the complainant alleged that the defendant trespassed into her house and stole her mobile phone valued at N165, 000.

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The prosecutor further told the court that the offence contravened the Plateau State Penal Code, Law of Northern Nigeria.

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