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EFCC set to reinhabilitate Convicted Yahoo Boys.

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The Economic and Financial Crimes Commission, EFCC, says plans are underway to rehabilitate convicted internet fr@udsters aka yahoo boys.

The Chairman of the anti-graft agency, Ola Olukoyede, stated this on Thursday, March 21, in Abuja.

Olukoyede said that the rehabilitation would be useful in reorienting the minds of the convicts and redirecting their productive energies to positive endeavours.

According to a statement by the commission on Friday, Olukoyede said: “We have a plan to rehabilitate convicted internet fraudsters with lesser sentences. The plan is to work with the correctional centre to make them useful and more productive in society.

When you think deeply, that tag ‘ex-convict’ is not a good thing. You can never tell where you will find yourself tomorrow, and they will want to profile you and discover that you are an ex-convict.

So, it is even in the interest of the youth that the EFCC is doing what it is doing to prevent them from indulging in the heinous act of cybercrime.”

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Anambra Man Buries In-Law With Casket Worth Over 130 Million Naira

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Anambra Man Buries In-Law With Casket Worth Over 130 Million Naira
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Anambra Man Buries In-Law With Casket Worth Over 130 Million Naira

It was a big show of affluence as Imo State born Billionaire, Chief. Dr. Ugonna Osinachi Cliff Orabuchi, (Ikenga Ogberuru) generally known as Panteka, CEO Teka Group LTD bid his Father In-Law farewell with a casket worth over #130 million Naira.

His father In-Law , Nze Mathias Nwafor Uzo Orakwute, from Oba in Idemili South LGA of Anambra State, died recently at the age of 72.

According to information, the billionaire had a very close bond with the deceased Father in-law . He took good care of him while he was alive and even built him an edifice and supported people close to him.

The gasketed Copper Mirror finish casket adorned with white velvet interior and full couch with foot Panel is reliably gathered to be one of the premium products of Apams.

According to research, Copper is unique as a casket material because, like bronze, it’s long lasting but will gradually oxidize.

The event attracted who is who in Igboland and many social clubs

Chief. Dr. Ugonna Osinachi Cliff Orabuchi is one of the most respected, and sought after business moguls in Nigeria today.

He’s regarded as a maker of men, a visionary leader, a philanthropist.

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Gombe Signs MoU with Chinese Firm for 100 Megawatt Solar Energy Project

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Gombe Signs MoU with Chinese Firm for 100 Megawatt Solar Energy Project
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Gombe Signs MoU with Chinese Firm for 100 Megawatt Solar Energy Project

” We’re Taking Advantage of New Enacted Electricity Act to Generate, Distribute Our Own Electricity “, Governor Inuwa Yahaya

Gombe State Government has entered into a Memorandum of Understanding (MoU) with China18th Engineering, an international engineering firm renowned for large-scale infrastructure and energy projects, for the provision of a 100 Megawatt solar energy plant, as part of measures to enhance energy self-sufficiency in the state.

This agreement was signed following recent engagements between Governor Muhammadu Inuwa Yahaya and top executives of China Railway 18th Bureau Group in China.

Commissioner of Energy and Mineral Resources, Sanusi Ahmad Pindiga signed on behalf of Gombe State Government, while the Group Managing Director, Wan Lian Yu, signed for his company.

Governor Inuwa Yahaya, speaking at the signing event at the Government House, Gombe, spoke on the importance of local power generation in driving economic growth and addressing frequent power outages.

“I am happy that today, we are hosting the management of the China 18th Bureau here in Gombe as a direct follow-up to our initial discussions in China. The MoU signifies the beginning of a transformative project that will boost electricity supply and bring prosperity to our people,” said Inuwa Yahaya.

He added that the agreement will soon advance to a formal contract phase, setting the groundwork for project implementation. “With the execution of this project, we anticipate the creation of jobs, increased investments, and a reliable energy supply that will drive prosperity in Gombe and the northeast,” he stated.

The Governor also referenced the recent nationwide blackout that affected Gombe and other parts of northern Nigeria, emphasizing that local power stations and alternative energy sources could mitigate such disruptions.

He stressed that his government is taking advantage of the newly enacted Electricity Act, which grants states the authority to generate, distribute, and market their own electricity, reducing dependence on the national grid.

“This partnership with China Railway 18th Bureau demonstrates our commitment to sustainable energy solutions and economic resilience, with solar energy poised to become a reliable, eco-friendly alternative for the our growing energy demands”.

The General Manager, International Engineering Company China Railway 18th Bureau Group, Mr. Xue Dewen, expressed confidence in his company’s ability to deliver a high-quality solar energy system, praising the Governor Inuwa’s vision for energy independence and economic development in the state.

“Our company is fully prepared to execute this project with the highest standards,” he assured.

The event was attended by the Chief of Staff, Abubakar Inuwa Kari, Attorney-General and Commissioner for Justice, Zubair Muhammad Umar and Commissioner of Trade, Industry and Tourism, Nasiru Mohammed Aliyu, mni among other officials from both sides.

Ismaila Uba Misilli
Director-General
( Press Affairs)
Government House
Gombe

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William Ruto signs Sugar Bill 2022 into law, Kenyans to pay 4% levy

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President William Ruto has signed the Sugar Bill 2022 into law. Photo: William Ruto. Source: Twitter
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  • The new law will create the Kenya Sugar Board and the Kenya Sugar Research and Training Institute, to revitalise the sugar sector
  • It will also facilitate the implementation of the Sugar Development Levy, which is capped at 4% of domestic sugar value
  • The Kenya Sugar Research and Training Institute will be managed by a nine-member board led by a Cabinet secretary appointee

Ekwutosblog journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers profound insights into Kenyan and global economic trends.

President William Ruto has assented to the Sugar Bill 2022.

Which sugar levy will Kenyans pay?

The new law will create the Kenya Sugar Board and the Kenya Sugar Research and Training Institute, to revitalise the sugar sector.

It will also facilitate the implementation of the Sugar Development Levy, which is capped at 4%.

“Structured funding for the Kenya Sugar Board will come from National Assembly allocations and a Sugar Development Levy, capped at 4% of domestic sugar value and CIF of imported sugar.

Allocations include 15% for factory development, 15% for research, 40% for cane productivity, 15% for infrastructure in sugarcane-producing regions, 10% for Board administration, and 5% for sugarcane farmers’ organisations,” the Presidency stated.

https://twitter.com/WilliamsRuto/status/1852312368941826136?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1852312368941826136%7Ctwgr%5E5e04f4923cfc49825c9c4ae9910d943546d3d502%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tuko.co.ke%2Fbusiness-economy%2F567657-william-ruto-signs-sugar-bill-2022-law-kenyans-pay-4-levy%2F

Why Ruto signed Sugar Bill 2022 into law

According to Ruto, the measures will strengthen the industry by boosting production, enhancing milling efficiency, aligning capacity with cane supply, promoting value addition, and providing critical funding.

The Kenya Sugar Research and Training Institute, with a nine-member board led by a Cabinet secretary appointee, will promote research, innovation, and access to sugar technologies.

A five-member Sugar Arbitration Tribunal will be formed to settle sector issues within 90 days, with the possibility of appeals to the High Court and Court of Appeal. A judge with the necessary qualifications will chair the tribunal.

What are sugar prices in Kenya?

The Sugar Directorate revealed that sugar production between January and September increased to 615,499 metric tonnes (MT), compared to 374,119 MT recorded last year.

Wholesale sugar prices dropped to an average of KSh 5,367 per 50kg bag, down 1% from KSh 5,424 per 50kg bag in August 2024.

Retail sugar prices in September averaged KSh 136 per kilo, down from KSh 141 in August as inflation eased.

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