Business
Ogun Police Arrest Security Guard for Alleged Theft of Company Spare Parts
BY SUNDAY SAMUEL—Operatives of Owode-Egba Division of the Ogun State Police Command have arrested a 32-year-old security guard, Friday Ayuba, for allegedly stealing motor spare parts belonging to his employer at Ita-Asu Village, via Owode-Egba.
The arrest followed a report received at the Division on 30th May 2026 at about 6:00pm from the manager of the affected company, who informed the police that the suspect had earlier been apprehended by operatives of the Quick Response Squad (QRS), Ogun State Command, at the Sagamu Interchange axis along the Lagos-Ibadan Expressway while allegedly attempting to move company property without authorization.
Preliminary investigation revealed that the suspect, an employee of the company, was found in possession of several motor spare parts suspected to have been unlawfully removed from the company’s premises. The recovered items include four air controls, two air boosters, two engine seats, and two fuel pumps, all identified as property of the company.
During the course of investigation, the suspect reportedly admitted to the theft. Detectives promptly visited the scene for further investigation and documentation, while the recovered items were secured as exhibits.
The suspect remains in police custody as investigations continue. He will be charged to court upon the conclusion of the investigation.
The Commissioner of Police, Ogun State Command, CP Bode Ojajuni, psc, FCSS, MNIPR, commended the vigilance of the company management and the swift, coordinated response of the Quick Response Squad and officers of Owode-Egba Division, which led to the successful recovery of the stolen property and the apprehension of the suspect.
The CP reiterated the Command’s commitment to protecting businesses, critical assets, and residents across the State through intelligence-led policing and proactive crime prevention strategies. He further urged employers and members of the public to remain security conscious and promptly report suspicious activities to the nearest police formation or through the Ogun State Police Command emergency lines: Gateway Shield (Toll-Free): 0800 000 9111; Emergency Lines: 0906 283 7609, 0912 014 1706, 0915 102 7369, 0708 497 2994.
The post Ogun Police Arrest Security Guard for Alleged Theft of Company Spare Parts appeared first on Business Today NG.
Nigerian stocks retreated by 0.8 per cent last week, despite the release of several strong half-year results, as profit-taking pressured trade. Sell-offs in consumer goods stocks fuelled the slide.
This week, more corporate results are expected, notably those of the big banking institutions, which could shape the direction the market may go in the near term.
This week, increased positioning, notably in stocks that pay dividends at least twice a year, could be witnessed as the market awaits the release of half-year corporate results.
PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.
The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.
This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.
HBM Nigeria
HBM Nigeria tops this week’s list for its strong fundamentals. The net profit ratio (NPR) of the cement manufacturer is 9.6, while the price-to-earnings (PE) ratio is 18.1x. Its 10-day relative strength index (RSI) is 58.7.
United Capital
United Capital appears on the pick on the basis of its attractive fundamentals. The NPR of the company is 51.2, while the PE ratio is 10.1x.
Wema Bank
Wema Bank makes the selection for its strong fundamentals and for trading below its intrinsic value. The lender’s NPR is 30.5, while the PE ratio is 1.1x. Its RSI is 40.9.
Seplat Energy
Seplat makes the cut for its sound fundamentals. The NPR of the oil & gas corporation is 6.3, while the PE ratio is 26.6x. The RSI is 100.
UACN
UACN makes the cut for its sound fundamentals. The NPR of the company is 2.3, while the PE ratio is 25.4x. The RSI is 29.
NEM Insurance
NEM Insurance features on the pick for its strong fundamentals. The insurer’s NPR is 9.6, while the PE ratio is 11.8x. The RSI is 70.4.
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