I Regret Creating SARS In 1984 — Former CP Fulani Kwafaja

A retired Commissioner of Police, Fulani Kwajafa, has expressed regrets for establishing the Special Anti-Robbery Squad (SARS) of the Nigeria Police Force. . . Kwajafa while speaking in an interview with BBC Hausa said the unit had completey derailed from its founding objectives. . . “I entered the Nigeria Police Force in 1984. Then robbery was prevalent. Buhari, the then Head of State, got a lot of complaint. He told me and Mr Inyang, the then IGP, that we must do something about it or be fired. . . Mr Inyang called me and told me to come up with a plan to save the country from thieves, so I said okay. . . After four months of creating SARS, there was peace, those who were not caught ran, and those who were caught were sent to prison. . . This thing frustrates me, there is no reason why because someone commits a crime that the person should be killed. There are laws and no one will give an order that if you see armed robbers kill the person. . . I’ve been hearing disheartening news, to the extent that…

NDIC Warns Against WonderBanks

Nigeria Deposit Insurance Corporation (NDIC), yesterday, cautioned members of the public on the activities of illegal funds managers, otherwise known as ”Wonder Bank.” 

Disclosing this at the NDIC special day at the ongoing 30th Lagos International Trade Fair, tagged “Positioning the Nigerian Economy for Diversification and Sustainable Growth”, the Chief Executive Officer, Alhaji Umaru Ibrahim, said it is.......
worrisome to note that despite repeated advice, many members of the public are still falling victims to the mouth watering interest being offered by the illegal funds managers.

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The president of LCCI, Chief Nike Akande, said the NDIC was established with a primary function of insuring all deposit liabilities of licensed banks and such other deposit taking financial institutions operating in Nigeria within the meaning of sections 16 and 20 of enabling Act so as to engender confidence in the Nigerian banking system.

 Walton Group tasks FG on quality products Meantime, the Walton Group has called on the Federal Government to ensure that only products that meet International certification area allowed entry into the country through its Standards Body. Mr. Nwune Nweke, Managing Partner of the company in Nigeria, made the call at the ongoing 30th edition of Lagos International Trade Fair, at the Tafawa Balewa Square, Onikan, Lagos. 

He stated that most products in the country do not meet standards and should be eroded off the market. Walton is a conglomerate based in Dhaka, Bangladesh. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Walton brand. The subsidiaries include Walton Motors, Walton Mobile and Walton Electronics. Walton produces electronics, motor vehicles, and telecommunications products.