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Commercial ‌⁠‍‍⁠⁠‌⁠‌‍⁠⁠‌‌drivers demand complete ban of VIO in Plateau

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Some commercial drivers in Pankshin, Plateau, have called for a complete ban on the operations of Vehicle Inspection Officers (VIO) in the state.

The commercial motorists cited widespread extortion and harassment of motorists as a reason for the call.

The state government temporarily suspended the operations of the VIO from September 21 to 27 following violent altercations between the officers and motorists.

The commercial drivers made the call in an interview on Wednesday in Pankshin.

One of the drivers, Ishaku Hassan, described VIO as the worst nightmare of every motorist in Plateau because they operated without human empathy.

Mr Hassan said every driver woke up with different challenges on his mind, ranging from family pressure, fuel hikes and bad roads to vehicle maintenance and the activities of extortionists on the highways.

“To me, a suspension is too mild for them. I want them completely banned from the roads because their activities contribute to the high rate of accidents.

“Drivers work for two categories of people: filling stations and the VIO. The latter does not care whether you have money or not; they will take away all your earnings,” he said.

Mr Hassan noted that there were ways the VIO could charge defaulting drivers without causing them so much pain, since nobody is perfect.

“I know they are performing their legitimate duties, but depriving drivers of their hard-earned money without thinking of their well-being will be resisted by all means,” he stated.

Bernard Moses, another driver who welcomed the suspension of the VIO’s operations, also called for their total ban in the state.

Mr Moses said they travelled to different states and met different personnel rendering similar services without having problems with them, but the story changed immediately upon returning to Plateau.

“Even if you have your complete papers and a valid driver’s licence, the VIO will always find a fault to extort you, unless your vehicle came directly from the manufacturer.

“They must understand that we are also struggling to meet our families’ needs just like them, because driving is our only source of income.

“Some of our drivers have abandoned the work because sometimes they return home with nothing due to fuel hikes and constant extortion by VIO personnel,” he said.

Mr Moses added that the economy was biting hard and people could no longer travel unless it became absolutely necessary, yet the VIO would not allow drivers to breathe on the road.

Also speaking, Yakubu Yahaya said the personnel were the architects of their own problems because they charged defaulting drivers unreasonably.

“When you push people too hard against the wall, they will certainly develop resistance against you. That is the situation between VIO personnel and motorists.

“I will be very happy if they are ousted completely from the roads because the harassment, extortion, and losses they cause drivers are massive.

“These vehicles often develop electrical faults caused by bad roads, which may be unknown to the driver. But the moment these faults are detected, even with valid papers, the charges become exorbitant,” Mr Yahaya said.

On his part, Peter Hero, another driver, said the activities of VIO personnel on the roads often drive motorists insane.

Mr Hero said it was stressful for a driver to be thinking about an inadequate number of passengers, fuel hikes, bad roads, and family pressure, only to meet the VIO on the road looking for any minor fault to extort him.

He explained that just as the officers have targets to meet, drivers also have their own financial targets, and no reasonable driver would be happy to see all his money taken away.

“In this hard economy, there is no justification for charging a defaulting driver ₦20,000 to ₦30,000 for either an expired roadworthiness certificate, a faulty headlight, or a broken traffic indicator, which may be unknown to the driver.

“They are supposed to discharge their duties within the ambit of the law by charging a fair and reasonable fine, but their activities look like midday robbery,” he said.

He also added that the activities of the VIO regularly cause nuisances on the highways, leading to the loss of lives and property. 

(NAN)

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Afrinvest CEO recalls how Elumelu’s $1 million loan helped salvage firm from crisis

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Tony Elumelu played a supreme role in getting investment bank Afrinvest back on track in 2011 after the global financial meltdown pushed the investment bank to the brink, its chief executive recalled in a letter to the tycoon seen by PREMIUM TIMES.

The multisectoral magnate, who is the top shareholder of United Bank for Africa, the Transcorp Group, and Seplat Energy, granted a soft loan of $1 million to Ike Chioke, the CEO of the financial institution, as a mark of urgent support when the firm direly needed the cash to recapitalise, the latter said.

“Fifteen years ago, Afrinvest was navigating one of the most challenging periods in its history, as we struggled to rebuild and recapitalise the business in the aftermath of the global financial crisis,” Mr Chioke said.

“At that critical juncture, when the future was far from certain, you made the remarkable decision to lend me US$1 million of your personal funds. You placed your confidence not simply in the prospects of a business but in me as an individual, my integrity, my determination and my conviction that Afrinvest could emerge stronger from adversity.”

This June, Mr Chioke eventually completed the repayment of the credit, according to the letter, describing the gesture as an extraordinary act of friendship, generosity and trust.

READ ALSO: Afrinvest repays undocumented $1 million from Elumelu with interest

Mr Elumelu, whose economic vision is anchored on what he calls “Africapitalism” – an investment philosophy that prioritises the private sector’s role in democratising the wealth Africa needs to power large-scale growth, has been involved in active philanthropic initiatives on the continent.

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In March, his foremost charity project, the Tony Elumelu Foundation, turned sixteen, and he said the initiative had disbursed over $100 million in seed capital to 24,000 entrepreneurs in Africa and created more than 1.5 million jobs over the period.

The foundation expects to fund an additional 3,200 entrepreneurs this year, it said in September.

Mr Chioke applauded the profound impact Mr Elumelu’s financial assistance has had on Afrinvest, notably transforming it into a diversified regional financial services group with an expanding universe of clients and operations in asset management, investment banking, research & consulting, and securities trading.


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The New York Times reportedly in talks to buy Letterboxd for $330 million

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The New York Times Company has reportedly “entered exclusive negotiations” to acquire Letterboxd for $330 million, according to a report from The New York Times itself.

Letterboxd, an online platform for movie lovers that could be compared to Goodreads for movies, has grown dramatically in recent years. Letterboxd reported 3 million users in January 2021, a figure that grew to 28 million by April of this year. More than half of its users are under 35.

Letterboxd was previously reported to be seeking a new owner. According to the Times, film studios A24 and Sony were interested in the acquisition, but A24 was priced out.

Letterboxd is free, but users can access advanced features with a paid subscription. Its projected earnings for this year are estimated at $15 million, which is only about 4.5% of what the Times is supposedly offering to buy the company for.

The New York Times Company declined to comment on the acquisition to its own paper (lol). Personally, we wouldn’t be surprised if these anonymous tips were coming from inside the house, so we’re inclined to take this report pretty seriously.

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