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NDLEA recovers hard drugs worth N4.8b in Lagos warehouse

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NDLEA recovers hard drugs worth N4.8b in Lagos warehouse

NDLEA has recovered hard drugs worth N4.8 billion from a warehouse in Lagos.

Its spokesman, Mr Femi Babafemi stated on Sunday in Abuja that the warehouse is tucked in the popular International Trade Fair Complex, Alaba, Ojo area of Lagos.

He added that NDLEA operatives raided the warehouse owned by a wanted billionaire drug baron on Saturday, Aug. 19.

He stated that the raid yielded 1.4 million pills of tramadol (225mg), weighing 826kg and 3.2 million pills of codeine with gross weight of 3,360kg.

Babafemi stated that 2,841 cartons of codeine syrup containing 28,410 litres of the substance in 284,100 bottles were also recovered from the warehouse.

“The drugs have a combined street value of N4,820,500,000,’’ he stated.

Babafemi stated also that during the operation that lasted hours, a suspect, Paulinus Ojukwu, the Chief Security Officer to the wanted drug baron was arrested and was assisting in on-going investigation.

“The wanted drug baron and operator of the warehouse parades himself as an automobile spare parts dealer.

“The latest drug warehouse bust is coming on the heels of the arrest of a drug baroness, Faith Nwankwo who was nabbed on Wednesday, Aug. 9 with 2.8 million pills of `tramaking’.

“ `Tramaking’ is a brand of tramadol in 225mg and 250mg

“Some of the drugs were recovered from Faith’s residence at House 6, C close, 3rd Avenue, FESTAC Town area of Lagos.

“Others were recovered from her warehouse located at Plot 3432 Sola Akinsola Street, Divine Estate, Amuwo Odofin, Lagos,’’ Babafemi stated.

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I Still Get Attacked By People – Yakubu Aiyegbeni Reveals

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In a recent interview, former Nigerian football star Yakubu Aiyegbeni has revealed that he continues to receive messages and criticisms from fans, years after his infamous miss during the 2010 FIFA World Cup match against South Korea.

The moment, etched into football history, occurred during Nigeria’s crucial group stage game against South Korea. With the score tied at 2-2 and a spot in the knockout stages on the line, Aiyegbeni found himself with what seemed like an open goal opportunity. However, to the shock of fans worldwide, he missed the chance, leaving Nigeria unable to secure the much-needed victory.

Despite this moment happening over a decade ago, Aiyegbeni expressed his surprise at the ongoing messages he receives about the miss. “I still get messages from people, different messages,” he stated in the interview. “It’s surprising how that moment still sticks with people, even after all these years.”

The striker, who had a successful career playing for clubs like Everton and Portsmouth in the English Premier League, admitted that the miss was a tough moment in his career. “Of course, it was a big moment, and I wish it had gone differently. But in football, you have highs and lows,” he remarked.

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Job Losses, Factory Closures Loom As Unsold Goods Pile Up — MAN

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AGAINST the backdrop of sustained pressure in the foreign exchange market and high cost of production, the Manufacturers Association of Nigeria, MAN has indicated that inventory of unsold goods is escalating to levels now threatening the existence of companies operating in the production sector of the economy with attendant job losses.

Findings show that as of the weekend the foreign exchange market had recorded over 254 per cent plunge in the value of the naira since flotation of the currency by the Central Bank of Nigeria (CBN) in June 2023.

Recall that the naira traded for N471 per dollar in the official I&E market on June 13, 2023 before the floatation of the currency, but exchanged for N1,665.50 to a dollar as at February 23, 2024 on the Nigerian Foreign Exchange Market (NAFEM), indicating a depreciation of more than 253.6 per cent over the eight-month period. The forex crisis is also stoking inflation, and coupled with high energy costs, purchasing power has continued plummet, stifling demand for goods.

Speaking on the impact of this development on the manufacturing sector, Director General, MAN, Segun Ajayi-Kadir, said: “There are reports that across the board, many warehouses and plants of many manufacturing firms are stockpiled with unsold goods manufactured last year. “The development is as a result of the devastating effects of the exchange rate crisis, inflation, fake and sub-standard goods, smuggling and other macro-economics challenges.”

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