News

Man commits suicide after losing tricycles to ‘robbers’ in Plateau

Published

4 years ago

October 20, 2022

vicky

A 25-year-old man identified as Bulus Asuma committed suicide in Jos, Plateau State, over the loss of two tricycles belonging to his employers to robbers on Wednesday 19th October 2022.

Asuma a resident of Angwan Rukuba in Jos North Local Government Area is said to have hung himself in his room when he returned home the day the second tricycle was dispossessed from him by a gun-wielding man.

A family member, Mr. Adukuchili Angai, who spoke with the newsmen stated that Asuma might have taken his own life out of frustration.

According to him, the deceased had lost a tricycle to thieves which he took on hire purchase some time ago, and unfortunately lost the second one, in the same manner, an incident he said left him devastated.

“At the beginning of this year, Asuma got a tricycle from a woman on hire purchase, to be remitting an amount to her weekly. Sadly, he borrowed the tricycle to his friend to ride but it was stolen from him,”

“The woman who gave him the tricycle got him arrested and he stayed over a week in the police cell until he was released and asked to pay for the tricycle on an agreed amount weekly.

“He paid for a few weeks and could not continue. He approached another person for another tricycle this time to work and make remittances on a daily basis, to be able to raise funds and pay back his former employee.

“Luck however ran out on him on October 13 when he was returning home from work when an armed man dispossessed him of the tricycle.

“He came home devastated and met some of his friends to whom he explained what had happened and threatened to kill himself.

“No one took him seriously and he went home. His aunt returned home from her business and did not see him, which she said was unusual because he always returned home before 7 pm due to the ban on tricycles operating beyond 6:30 pm.

“She, however, noticed his window was open, and upon peeping through it, she discovered him hanging by a rope lifeless.

“Her loud screaming attracted neighbors, after which she called us on phone and we immediately reported the matter to the police in Nasarawa Gwom.”

Angai said a man suspected to be the thief who snatched the deceased’s tricycle was arrested by the police.

He said the suspect is notorious for his criminal activities in the community, and he was spotted by friends during Asuma’s funeral on October 15.

He said a mob went to the suspect’s apartment and recovered 10 motorcycles, as well as “fake” military and police identity cards, adding that the mob also stormed the Nasarawa Gwom police station where the suspect was detained, overwhelmed the officers, and burnt him to death.

Angai described Asuma as an easygoing and hardworking man, adding that the deceased was an orphan.

Meanwhile, Alabo Alfred, police spokesperson in Plateau, said the incident is being investigated, while efforts are on to ensure that those who killed the suspect are being arrested.

Related Topics:robbers suicide tricycles

Up Next

Workers shut Plateau LG secretariat over unpaid salaries

Don't Miss

Another Plateau village head killed by gunmen, abduct five family members

Click to comment

News

Legends Return to the Pitch: IASC Above 45 Tournament 2026 Begins with Blockbuster Opening Fixtures

Published

2 hours ago

August 4, 2026

Preport

WhatsApp Image 2026 08 04 at 10.00.46 PM.jpeg

The stage is set for another memorable chapter in the history of the Island Allstars Sports Club (IASC) as the much-anticipated IASC Above 45 Tournament 2026 kicks off on Saturday, August 8, 2026, at the LBS Sports Arena, Lekki, promising an exciting display of football, sportsmanship and camaraderie among veteran players.

The annual tournament, one of the club’s flagship sporting events, celebrates the enduring passion, fitness and competitive spirit of football enthusiasts aged 45 years and above. It has become a unique platform where experience meets talent, bringing together distinguished members of the club to compete while strengthening the bonds of friendship that define the IASC family.

According to the fixtures released by the Sports Management Committee (SMC), the opening match will see Team A take on Team D at 8:30 a.m., while the second fixture will feature Team B against Team C at 10:30 a.m. Both matches will be played at the LBS Sports Arena, with the tournament concluding on August 15, 2026, when the champions will emerge.

Beyond the excitement on the pitch, the Above 45 Tournament continues to promote healthy living, active ageing and community engagement, proving that football remains a lifelong passion capable of inspiring generations.

This year’s competition is proudly supported by Sure B Homes, Dinice Royal Investment Limited, Network Times Nigeria Limited, and Cartel Beach House Del Viento, whose sponsorship underscores the growing corporate confidence in the vision of the Island Allstars Sports Club.

To ensure supporters across Nigeria and beyond do not miss the action, selected matches will be streamed live on Sports247 YouTube Channel and website: sports247.ng, allowing football lovers around the world to follow every tackle, goal and dramatic moment as it unfolds.

Speaking on behalf of the Sports Management Committee, the committee’s Secretary, Ugochukwu Chukwudalu, assured members and supporters of a professionally organised tournament that reflects the values of excellence, unity and fair play for which the club is known.

As anticipation reaches fever pitch, all roads lead to the LBS Sports Arena this Saturday for what promises to be an unforgettable football spectacle. For the players, it is another opportunity to chase glory. For the fans, it is a celebration of football at its finest—where legends return to the pitch and experience takes centre stage.

Business

Coronation Insurance, Coronation Life Meet NIIRA 2025 Minimum Capital Requirements Following Successful ₦9.2bn Capital Raise

Published

2 hours ago

August 4, 2026

Preport

Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

This marks the successful completion of the Nigerian insurance industry’s year-long recapitalisation exercise as announced by the National Insurance Commission (NAICOM).

A statement released today by both underwriters, that the milestone follows the successful conclusion of a ₦9.2 billion private placement by both companies, which attracted strong participation from existing and new investors. The offer, comprising 4.2 billion ordinary shares, was oversubscribed, demonstrating strong investor confidence in the companies’ long-term strategy, sound corporate governance, and growth prospects.

Meeting the new regulatory capital requirements reinforces the financial strength of both Coronation Insurance and Coronation Life Assurance, positioning the companies to accelerate innovation, expand access to insurance solutions, and create greater value for customers, shareholders, and other stakeholders.

The strengthened capital base will support strategic investments in product innovation, digital transformation, customer experience, and the expansion of the companies’ distribution footprint. It will also reinforce their bancassurance partnership with Access Bank, enabling both companies to extend insurance solutions to customers across one of Africa’s largest banking networks.

Reacting on the milestone, Olamide Olajolo, Managing Director/Chief Executive Officer of Coronation Insurance Plc, said: “Meeting the new capital requirements under NIIRA 2025 is a significant milestone for our business and reflects the confidence investors continue to place in our strategy and long-term vision. The successful completion of our private placement is a testament to the strength of our governance, our business model, and our commitment to building a stronger, more resilient insurance company that consistently delivers value to customers, shareholders, and the wider economy.

“With our strengthened capital position, we remain focused on expanding our product offerings, deepening our distribution capabilities, investing in digital innovation, and delivering exceptional service across every customer touchpoint. We are well positioned to respond to emerging opportunities within Nigeria’s evolving insurance market while driving sustainable growth and operational excellence.”

Also Adebowale Adesona, Managing Director/Chief Executive Officer of Coronation Life Assurance Limited, “said: The successful completion of this recapitalisation represents much more than regulatory compliance; it is a strong affirmation of our commitment to building a future-ready life insurance business that inspires confidence and delivers lasting financial security for our customers.

“This stronger capital base enables us to deepen our investment in innovative life insurance and wealth creation solutions, enhance our digital capabilities, strengthen our customer experience, and expand access to insurance through strategic partnerships. As Nigeria’s insurance industry enters a new era, Coronation Life Assurance is well positioned to help more individuals, families, and businesses protect what matters most while creating sustainable long-term value for all our stakeholders.”

Both firms continue to strengthen their market position through customer-focused solutions spanning general insurance, life insurance, risk protection, savings, retirement planning, and wealth creation for individuals, businesses, and institutions.

The successful recapitalisation underscores growing investor confidence in the long-term prospects of Nigeria’s insurance industry while reaffirming Coronation’s commitment to building resilient financial institutions that create sustainable value.

With enhanced financial capacity, strong corporate governance, and a clear strategic growth agenda, Coronation Insurance and Coronation Life Assurance are well positioned to accelerate innovation, broaden market access, deepen customer relationships, and contribute meaningfully to the continued development of Nigeria’s insurance sector under the new regulatory framework.

The post Coronation Insurance, Coronation Life Meet NIIRA 2025 Minimum Capital Requirements Following Successful ₦9.2bn Capital Raise appeared first on Business Today NG.