Father And Children Arrested For Alleged Kidnapping In Ogun

The Ogun State Police Command have arrested an alleged kidnap syndicate made up of members of the same family. Oweniwe Okpara from Delta State and three of his children, Samson Okpara, Bright Okpara and Eze Okpara were arrested in Ajaka area of Sagamu. Ogun State Police Spokesperson, Abimbola Oyeyemi said the suspects were all arrested for their roles in the kidnap of eight persons at different times. Arrested alongside the suspects is one Christian Ishaha who had accommodated them. “In the course of investigation, it was discovered that three other members of the family constituting the criminal gang namely; Godwin Okpara, Godspower Okpara and Mathew Okpara are the armed squad of the syndicate, while Samson, Bright and Eze Okpara were the ones spying on their targeted victims. One Emmanuel Joseph, a native of Ebele in Edo State was later recruited into the fold, having confronted their sister, Eze Okpara, to tell him the source of money they count every day. They subsequently opened u

Good News As Naira Appreciates

The Nigerian Naira recovered from Friday’s marginal loss as the Central Bank of Nigeria (CBN) continued its aggressive interventions in the interbank and Bureau De change segment of the foreign exchange market. 

According to findings, the Naira has gained three points to close the day at N367/$1 as against the previous rate of N370/$1. 

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The local currency also appreciated against the Euro to close the day at N414 from the previous rate of N420. 

However, the Naira stayed unchanged at N470 against the Pound Sterling. It was gathered that since the Naira dropped to a record low of N520/$1 in February, the CBN has injected a total of $7.766 billion into the foreign exchange market. 

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A breakdown of the dollar sales showed that $680 million was pumped into the market in February; $1.542 billion was sold in March; $1.616 billion in April; $2.102 billion in May; and $1.436 billion in June and $390 million in the first week of July. 

The $2.102 billion sold by the Bank in May was the highest in four months. In May, the central bank sold dollars in eight different sessions. The improved liquidity in the forex market had seen a convergence of rates as the Naira sold at N367 to the dollar as at last week Friday, while the currency sold for N306 at the official market.