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CIS ELECTS OLUROPO DADA AS 13TH PRESIDENT

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The Chartered Institute of Stockbrokers (CIS) has elected Oluropo Dada as its 13th President and Chairman of the Governing Council.

Dada, the Institute’s former 1st Vice President, succeeded the erstwhile President, Oluwole Adeosun, whose tenure was characterised by many laudable achievements.

His election is in line with CIS seamless succession policy, and brand positioning.

Dada’s election was announced in a statement, signed by the Institute’s Registrar and Chief Executive , Josiah Akerewusi, after the Annual General Meeting (AGM) on Tuesday.

Under the new change of baton, the Institute’s 2nd Vice President, Fiona Ahimie, has also emerged the 1st Vice President.

By the Institute’s tradition, Dada shall be formerly decorated with the paraphernalia of office in a high profile event called investiture at a later date.

Oluropo Dada, is an accomplished stockbroker, consummate banker, and a Dealing Clerk of The Nigerian Exchange Limited (NGX). He is a Fellow of the Chartered Institute of Stockbrokers (FCS) where he served as Second and First Vice President respectively. He is also a Fellow of the Chartered Institute of Bankers of Nigeria (FCIB).

Dada graduated from Leeds Business School of Leeds Beckett University, United Kingdom where he obtained a Master’s Degree in Corporate Governance. Before this, he was at the University of Lagos between 1985 and 1988 where he obtained a Bachelor of Science Degree in Business Administration and later earned a Master in Business Administration (MBA)

He is also a member of the Chartered Institute for Securities and Investment (MCSI), United Kingdom as well as the Chartered Institute of Directors, (C-IOD), Nigeria. Dada was a former member of the Senior Management Staff of Marina International Bank Limited, which later merged with Access Bank Plc, where he doubled as Group Head,Capital Market Division, and General Manager/Chief Operating Officer of Marina Securities Limited, now part of Coronation Securities Limited.

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Ekiti Judiciary disowns magistrate order

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The Ekiti State Judiciary has distanced itself from a controversial order issued by the Ikole Ekiti Magistrate Court.

The order, issued a few days ago, barred lawyers from applying to lift a freezing order and directed their arrest if they applied.

It was issued in a case between the Inspector General of Police (IGP), Kayode Egbetokun, Keystone Bank, and the Nineteenth Kid Estate Residents Association.

Reacting to the controversial order, the NBA had called for the Magistrate’s removal and disciplinary actions.

However, the Ekiti State Judiciary, in a statement on Saturday, urged the public to remain confident in its judicial processes.

It said:

“Management of Ekiti State Judiciary regrets the order made by the Ikole Ekiti Magistrate Court on January 23, 2025.

“The said order is highly regrettable as it does not reflect the image of the Ekiti State Judiciary.

“The said order has since been vacated.

 

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Ekiti Judiciary disowns magistrate order

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The Ekiti State Judiciary has distanced itself from a controversial order issued by the Ikole Ekiti Magistrate Court.

The order, issued a few days ago, barred lawyers from applying to lift a freezing order and directed their arrest if they applied.

It was issued in a case between the Inspector General of Police (IGP), Kayode Egbetokun, Keystone Bank, and the Nineteenth Kid Estate Residents Association.

Reacting to the controversial order, the NBA had called for the Magistrate’s removal and disciplinary actions.

However, the Ekiti State Judiciary, in a statement on Saturday, urged the public to remain confident in its judicial processes.

It said:

“Management of Ekiti State Judiciary regrets the order made by the Ikole Ekiti Magistrate Court on January 23, 2025.

“The said order is highly regrettable as it does not reflect the image of the Ekiti State Judiciary.

“The said order has since been vacated.

“The Ekiti State Judiciary is committed to upholding the principles of justice, fairness, and transparency in all its proceedings. A Panel of Inquiry has been set up to investigate this matter and come up with appropriate recommendations.

“The Management of Ekiti State Judiciary appreciates the support of the public and the confidence reposed in the Ekiti State Judiciary. We assure the public that the Ekiti State Judiciary will continue to uphold the highest standards of integrity and excellence in the administration of justice.”

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ICPC recovered over N20bn from ghost workers’ pensions in 2024 – Chairman

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that it recovered over N20 billion siphoned through fraudulent ghost workers’ pension schemes in 2024.

The ICPC Chairman, Dr Musa Aliyu (SAN), said the commission uncovered the fraudulent insertion of workers in some Ministries, Departments, and Agencies (MDAs) as part of its preventive activities.

Aliyu disclosed this during the “Editors’ Breakfast Meeting with ICPC Chairman”, an interactive session organised by the ICPC for media executives, in Abuja.

He emphasised that the fight against corruption cannot be waged by anti-graft agencies alone, stressing the need for collective efforts to drive national progress.

Aliyu, according to a statement issued by the ICPC spokesperson, Demola Bakare, on Thursday, February 6, 2025, stated that the commission has adopted a strategic communication approach in line with the 1999 Constitution and the Corrupt Practices and Other Related Offences Act.

He said: “This ensures that while the commission remains strict and diligent in its operations, it upholds the rule of law and human dignity.

“Over the years, ICPC has followed a communication strategy guided by Section 36 and Section 27(4) of the 1999 Constitution (as amended) and the Corrupt Practices and Other Related Offences Act, 2000. These legal provisions safeguard suspects’ rights.

“While we remain firm and meticulous in our duties, we are equally committed to upholding the rule of law and human dignity.”

Aliyu also underscored the importance of responsible information dissemination, particularly in safeguarding informants and preserving the integrity of ongoing investigations.

The ICPC boss added: “In matters of enforcement, we share verified information through reports, newsletters, press releases, our website, and social media.

“However, we ensure that the identities of informants are protected and that the integrity of our investigations is not compromised.”

Aliyu noted that the ICPC is not seeking public validation but rather remains focused on delivering measurable results based on its Strategic Action Plan (2024-2028).

Aliyu further disclosed that the ICPC is collaborating with reputable civil society organisations to implement a corruption prevention program for Local Governments Areas in the country.

“The initiative aims to promote proactive disclosure of financial, procurement, and corruption-related information at the grassroots level,” he said.

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Osisikankwu: The Man Who Held Aba Hostage with Fear

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Between 2007 and 2010, Aba, the commercial heartbeat of Abia State, became a city of fear. Businesses shut down, families fled, and those who remained lived in constant terror. The name on everyone’s lips was Osisikankwu—a man whose very mention sent shivers down the spine.

Osisikankwu, born Obiọma Nwankwo, was not just a criminal; he was a nightmare. From Aba to Obigbo (Oyigbo) in Rivers State, he and his gang of over 3,000 men turned kidnapping into a full-scale industry. His targets were the rich, the powerful, expatriates, government officials, and sometimes, ordinary people who just happened to be in the wrong place at the wrong time.

Aba Became a Ghost Town

For those who lived in Aba during this period, it was like a war zone. Fear ruled the city. People abandoned their homes, choosing to sleep in churches rather than risk being kidnapped in their own beds. Entire neighborhoods were deserted—Ariaria Junction, Umuozuo, Obehi, Ihe, Asa, Ala Oji, St. Mary Catholic Church area,uratta, etc—people packed their bags and ran.

Kidnappings became a daily occurrence. One of the most heart-wrenching stories was that of Chijioke (Igodo), a well-known businessman in Ariaria. When Osisikankwu’s men came for his older brother Tochukwu (Igodo), who had just returned from the hospital after surgery, Chijioke made a painful choice—he volunteered to go in his place. His family eventually secured his release, but many others were not as lucky.

A City Under Siege: No One Was Safe

Osisikankwu’s terror was not limited to Aba. His gang kidnapped three British nationals and a Colombian engineer from Shell’s Afam VI Power Plant in Rivers State. Ransoms were paid, and they were released, but the fear lingered.

In 2010 alone, he kidnapped two Germans, three Chinese nationals, and nine Nigerian workers at the Nigerian Steel Company. He also abducted Mrs. Victoria Ori, the wife of a wealthy Ohafia businessman, and three journalists traveling through Aba after a Nigerian Union of Journalists meeting. A ransom of ₦30 million was paid before they were freed.

Then came the worst attack yet—August 24, 2010. Osisikankwu’s gang, led by a thug called “Okwute” Stone, raided five banks in the Osisioma area of Aba. Every police officer and security guard on duty was killed.

Religious leaders weren’t spared either. His men kidnapped a senior pastor, murdered an Indian businessman, and in the most heartbreaking case, abducted and killed Dr. Stanley Uche, a well-respected gynecologist and hospital owner.

But the most shocking event came on September 27, 2010—the kidnapping of 15 schoolchildren from Abayi International School in Aba. That was when the entire country took notice.

Osisikankwu Speaks: A Justification for Violence?

At the height of his terror, Osisikankwu gave an unintentional interview to a journalist. He claimed that his actions were fueled by the marginalization of Ngwaland, the largest ethnic group in Abia State. He said Ukwa-Ngwa had been abandoned, and his violence was a way of drawing attention to their suffering. He even claimed he would surrender if the government was willing to rehabilitate him.

But by then, it was too late. The world had already seen his true nature.

The End of Osisikankwu: Death in the Evil Forest

The kidnapping of schoolchildren was the final straw. President Goodluck Jonathan ordered the Joint Military Task Force (JTF) to hunt him down. After weeks of intense manhunts, soldiers tracked him to the Ugwuati Evil Forest, his deadly hideout.

The battle was fierce, but when the dust settled, Osisikankwu was dead. His gang scattered. His girlfriend, Ogochi, was arrested, and a massive cache of weapons was seized.

Aba Could Finally Breathe Again

When news broke that Osisikankwu had been killed, Aba erupted in celebration. Businesses reopened, families returned, and life slowly went back to normal. The fear that had gripped the city for years began to fade.

But for those who lived through those dark days, the scars remain. The memories of loved ones lost, businesses destroyed, and lives shattered will never be forgotten.

Were You in Aba During Osisikankwu’s Reign? Share Your Story


If you lived in Aba during this time, you probably have your own story to tell. Did you or someone you know experience the terror firsthand? Share your story in the comments. Let’s keep history alive and ensure that no one ever forgets what Aba went through.

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