Business

Ondo Police Arrest Two Suspected Armed Robbers in Akure, Recover Revolver

Published

3 days ago

October 3, 2026

The Ondo State Police Command unde the leadership of CP Felix Ohagwu psc, mnips, mspsp has recorded another significant breakthrough in its ongoing efforts to combat armed robbery and other violent crimes in the state, following the arrest of two suspected members of an armed robbery syndicate and the recovery of a locally made revolver and other incriminating exhibits in Akure.

The arrests were made on 27th September 2026 by operatives of the Violent Crime Response Unit (VCRU), Ondo State Command, acting on credible intelligence. The suspects, identified as Isreal Abakah, male; 35 years old and Gbene Emmanuel, male; 37 years old, were apprehended at different locations within Akure metropolis following intelligence-led operations.

Preliminary investigations revealed that the suspects allegedly belong to an armed robbery syndicate suspected of terrorising residents of Akure and its surrounding communities. In the course of the operation, operatives conducted a raid on the gang’s hideout in the Olufoam area of Akure, where a locally made revolver capable of holding four rounds of ammunition was recovered.

Other exhibits recovered during the operation include suspected criminal charms, a laptop, motorcycle mirrors and a number plate. The suspects have confessed to their involvement in several armed robbery operations within Akure metropolis and its environs. Their alleged confessions and the recovered exhibits are currently being subjected to further investigation to establish the full extent of their criminal activities and deligent prosecution.

The Command has intensified efforts to apprehend the remaining members of the syndicate who are currently at large and to identify individuals and communities that may have been affected by the gang’s alleged criminal activities. The ongoing investigation is also aimed at recovering additional exhibits and establishing the possible involvement of the suspects in other reported cases of armed robbery.

The Commissioner of Police, Ondo State Command, CP Felix Ohagwu, psc, mnips, mspsp, commended the operatives for their professionalism and swift response to credible intelligence. He reiterated the Command’s determination to dismantle criminal networks and ensure that individuals involved in violent crimes are brought to justice in accordance with the law.

The Commissioner further urged residents to remain vigilant and promptly report suspicious movements and activities to the nearest police station or through established police communication channels. He emphasised that timely and credible information from members of the public remains essential to the successful prevention and detection of crime.

The Ondo State Police Command assures residents that it will sustain its intelligence-led operations and other proactive security measures to safeguard lives and property across the state.

The post Ondo Police Arrest Two Suspected Armed Robbers in Akure, Recover Revolver appeared first on Business Today NG.

Related Topics:Akure Armed Arrest Ondo police recover Revolver robbers Suspected

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Zenith, Fidson, NEM top stock pick this week

Published

7 hours ago

October 5, 2026

PlateauReports

Nigerian stocks slightly depreciated last week, sliding by 0.5 per cent as sell pressure on bank equities weighed on the main stock index.

All but the insurance index dropped out of the five sector indexes tracked by the Nigerian Exchange.

“Investor positioning ahead of Q3:2026 earnings should provide additional support, particularly as expectations build around the Tier-1 banks’ results,” analysts at Meristem Securities said in a note to investors ahead of the week.

“The ongoing impact of Nigeria’s FTSE Russell reclassification should also keep trading activity elevated and sustain interest in eligible large-cap stocks,” they added.

The release of companies’ Q3 earnings reports is expected to begin soon.

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.

READ ALSO: DN Tyre & Rubber, Greif Nigeria delisted from Nigerian Exchange

Zenith Bank

Zenith tops this week’s list for its strong fundamentals and for trading below its intrinsic value. The net profit ratio (NPR) of the lender is 21.8, while the price-to-earnings (PE) ratio is 5.3x. Its 14-day relative strength index (RSI) is 68.

Fidson Healthcare

Fidson appears on the pick on the basis of its attractive fundamentals. The NPR of the pharmaceutical company is 7.8, while the PE ratio is 18.8x. The 14-day RSI is 51.2.

NEM Insurance

NEM makes the selection for its strong fundamentals and for trading below its intrinsic value. The insurer’s NPR is 15.7, while the PE ratio is 5.6x. Its 14-day RSI is 43.2.

Stanbic IBTC Holdings

Stanbic IBTC makes the cut for its sound fundamentals. The NPR of the banking group is 34.5, while PE ratio is 5.9x. The 14-day RSI is 69.5.

Aradel Holdings

Aradel makes the cut for its sound fundamentals. The NPR of the energy company is 28.4, while the PE ratio is 8.7x. The RSI is 50.8.

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Business

NAIPE 11th Annual Conference Moves to 12 Noon as 28 Stakeholders Back Event

Published

15 hours ago

October 5, 2026

PlateauReports

About 28 insurance and pension regulators and operators have backed the upcoming 11th edition of the Nigerian Association of Insurance and Pension Editors (NAIPE) Annual Conference, scheduled to hold in Lagos.

This is even as the timing of the event scheduled to hold on Thursday, October 8, 2026, at Oriental Hotel, Victoria Island, Lagos, has been shifted from 9:00am to 12:00pm same day.

This is to allow Insurance operators, who will be attending Insurers Committee meeting earlier that day, conclude their meeting and attend the conference.

The national conference with a focus on the emerging market dynamics in Nigeria’s insurance and pension sectors, follows the just concluded recapitalisation exercise in the insurance sector and ongoing exercise in the pension industry.

Themed: “Post-Recapitalisation and Market Dynamics in Insurance & Pension Sectors,” the Chief Executive Officer of United Capital Asset Management Limited, Dr. Odiri Oginni, will deliver the keynote address, focusing on the insurance perspective while Mr. Oguche Aguda,
Founder and Managing Partner of HRISP Partners, will equally deliver a paper on the theme, focusing on the pension perspective.

The Group Managing Director of Custodian Investment Plc, Mr. Wole Oshin, will chair the event.

According to NAIPE, the conference is coming at a critical period for the two sectors, as insurance operators have just concluded their recapitalisation exercise, while pension operators are expected to conclude theirs in 2027.

The high level discourse will therefore examine how funds raised through recapitalisation can be strategically invested and deployed to generate stronger returns, deepen market confidence and improve service delivery to shareholders and policyholders.

Expected dignitaries include the Commissioner for Insurance & Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin; Director-General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran; chief executives of insurance companies, broking firms, investment and securities companies and Pension Fund Administrators (PFAs), as well as regulators, labour unions, students and other stakeholders.

Speaking ahead of the conference, Chairperson of NAIPE, Mrs. Ebere Nwoji said, the annual gathering provides a platform for insurance and pension journalists to contribute to the development of both sectors by promoting greater public understanding of insurance and pension as instruments for financial security and protection against old-age poverty.

Nwoji expressed appreciation to operators and regulators in the two sectors for their continued support for the conference, stressing that, the benefits derived from the annual event outweigh the resources committed to organising it.

She described this year’s theme as timely, given the significant structural changes taking place in the insurance and pension industries through recapitalisation.

She noted that, the insurance industry concluded its recapitalisation exercise on July 31, 2026, while the pension industry is currently undergoing a similar process expected to be completed next year.

The NAIPE chairperson, particularly, commended the leadership of NAICOM for successfully concluding the insurance industry’s recapitalisation exercise, describing it as a major achievement for Omosehin.

According to her, the Commissioner ‘took the bull by the horns’ in breaking what she described as the longstanding cycle of inconclusive recapitalisation exercises in the insurance industry.

She also expressed optimism that the pension industry, under the leadership of Ms. Omolola Oloworaran, would achieve a seamless and successful recapitalisation exercise.

“The conference would provide operators with an opportunity to gain insights into prudent and judicious investment of the capital raised through the recapitalisation process.

“I am confident that speakers at the event would provide practical perspectives on how insurance and pension operators can deploy their strengthened capital bases to deliver superior investment returns while enhancing value for investors, shareholders and policyholders” she affirmed.

Meanwhile, NAICOM, PenCom, SanlamAllianz, Veritas Kapital and 24 others have offered their support and partnership towards the conference.

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