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BREAKING: Gunmen Kidnap Air Vice Marshal Sikiru Smith In Lagos

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Masked gunmen have abducted Air Vice Marshal Sikiru Smith (retd.), in the Ajah area of Lagos State.

Smith is a cousin to a former Inspector-General of Police and current Chairman of the Police Service Commission, Musiliu Smith.

It was learnt that the retired general, who is currently the Chairman of Double Wealth Ventures Limited – a dredging and engineering firm – was supervising work on a site in the Ajah area of Lagos State on Monday when masked gunmen invaded the place and shot sporadically.

The gunmen were said to have whisked the retired general away in a waiting speedboat and sped away.

According to an SOS voice note shared by his driver, Corporal Odiji, the retired AVM engaged in a struggle with the gunmen before he was subdued.

Odiji stated, “This is an emergency. I am Corporal Odiji attached to Air Vice Marshal Smith. They just abducted him from the site where we were working. Some gunmen who were wearing masks just came and snatched my boss now. They shot everywhere. I was near where I was fixing my boss’ vehicle.

“As I was coming, I saw them leaving in a boat but I wasn’t armed so I just ran to the site and I saw his glasses and where he struggled with them. Please pass this information. It is an emergency.”

When contacted on the telephone, the Spokesman for the Lagos State Police Command, Mr. Adekunle Ajisebutu, promised to make inquiries and give a detailed response in due course.

The Spokesman for the Air Force, Air Commodore Edward Gabkwet, also promised to make inquiries and provide information on the matter later.

AVM Smith was commissioned into the Nigerian Air Force as a Pilot Officer in 1979 and had a highly successful military officer that combined soldering with serious academic pursuit.

He holds BSc, MSc, MBA, and Ph.D. degrees. He is an Alumnus of Harvard University and a fellow of many professional bodies including the Institute of Management, Nigeria.

Smith attended several military courses both locally and overseas which include flying and engineering. He was awarded numerous military decorations such as Distinguished Service Star, Pass Staff College (Dagger), and Fellow of the prestigious National Defence College.

The notable appointments he held include Commanding Officer Air Engineering Wing, Sierra Leone/Liberia; Commander, Nigerian Air Force Station, Calabar; Deputy Director, Air Engineering, Nigeria Air Force Headquarters, Abuja, Commander 333 Logistics Group, Kaduna, Commander, 401 Aircraft Maintenance Depot, Ikeja; Chief of Logistics, Nigerian Air Force Headquarters, Abuja and Chief of Defence Communications, Defence Headquarters, Abuja.

Smith, who was a guest on The PUNCH Roundtable recently, had advocated for the use of drones in security surveillance and military offensives in the country to curb the use of military jets.

 

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Governor Babajide Sanwo-Olu Felicitates President Tinubu At 72

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Governor Babajide Sanwo-Olu, has congratulated President Bola Ahmed Tinubu on his 72nd birthday, describing him as a brave, bold, and passionate leader who is dedicated to the advancement, growth, and development of Nigeria.

He said that President Tinubu’s contribution to the nation’s growth is cause for celebration, citing the President’s unparalleled bravery, integrity, honesty, and patriotism in his efforts to steer Nigeria’s ship in the correct path since he into office on May 29, 2023.

Governor Sanwo-Olu, in a statement issued on Thursday by his Special Adviser, Media and Publicity, Mr. Gboyega Akosile, said President Tinubu has provided honest and transparent leadership in Nigeria by taking bold decisions to address challenges militating against the prosperity of Nigeria and Nigerians.

Sanwo-Olu further described the President as a visionary and master strategist whose democratic credentials are scholarly materials for study in political economy.

He said: “On behalf of my family, the government, the people of Lagos State,  members of the Governance Advisory Council (GAC), leaders, and members of the ruling All Progressives Congress (APC) in Lagos State, I congratulate our leader, President Bola Tinubu, on the occasion of his 72nd birthday.

“President Tinubu has sacrificed the greater part of his life in the service of our dear State and Nigeria. He contributed to the enthronement of democracy and good governance, serving first as a Senator in the aborted third republic and later as a pro-democracy activist, working tirelessly as a member of the National Democratic Coalition (NADECO) to struggle for the de-annulment of the June 12, 1993 presidential election.

“President Tinubu’s financial wizardry and economic intellect, which he put to good use as the Governor of Lagos State, have taken our dear state to a greater height. Today, Lagos is the pride of Nigeria, occupying an enviable position as the fifth largest economy in Africa.

“President Tinubu has made positive impacts in the country through the Renewed Hope agenda of his administration. His unblemished service and track record of impressive achievements in public office have made him a role model for many Nigerians.

“As President Tinubu celebrates his 72nd birthday, it is our prayer that God will grant him more prosperous years in good health and wisdom as he continues to serve our dear nation.”

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JUST IN: CBN Increases Banks Capital Base To N500bn, N200bn For National Commercial Banks

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The capital basis for commercial banks with international permission has been raised to N500 billion by the Central Bank of Nigeria (CBN).

The policy change was confirmed by Mrs. Hakama Sidi Ali, CBN’s acting director of corporate communications. in a declaration.

She added that commercial banks with regional authorization are expected to reach a capital floor of N50 billion, while those with national authority must meet a ceiling of N200 billion.

Announced on Thursday, March 28, 2024, this comprehensive financial reform requires significant increases in banks’ minimum capital bases, which vary depending on the size of the bank.

The latest policy directive specifies that commercial banks with international authorization are now required to shore up their capital base to N500 billion.

In a bid to tighten the financial fabric, the CBN has not overlooked merchant banks, which are now subject to a N50 billion minimum capital requirement.

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Detained Binance Executive Gambaryan Drags EFCC, NSA To Court

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Tigran Gambaryan, the CEO of Binance who is currently in detention, has claimed that he has been violated in his fundamental human rights by the Economic Financial Crimes Commission and Nuhu Ribadu, the National Security Adviser.

Gambaryan, in an originating motion marked: FHC/ABJ/CS/356/24 sought a declaration that his detention and seizure of his international travel passport, contravened Section 35 (1) and (4) of 1999 Constitution.

He urged the court to order the NSA and the EFCC to release him from their custody and return his international travel passport with immediate effect.

Gambaryan also sought an order of perpetual injunction restraining the respondents and their agents from further detaining him in relation to any investigation into or demands from Binance.

He also urged the court to order the respondents to issue a public apology to him.

Gambaryan averred that he was in Nigeria alongside fleeing Nadeem Anjarwalla to honour the invitation of the ONSA and EFCC to discuss issues relating to Binance in Nigeria.

Anjarwalla escaped from the guest house where he and Gambaryan were being held

He argued that he had not committed any offence during the meeting, and neither was he informed in writing of any offence he personally committed in Nigeria at any other time.

“The only reason for his detention is because the government is requesting information from Binance and making demands on the company,” he added.

The fleeing Anjarwalla also filed a similar suit, marked: FHC/ABJ/CS/355/24.

At the proceedings on Thursday, T.J. Krukrubo (SAN) appeared for the plaintiffs, while the respondents had no representation.

Krukrubo informed the court that the respondents were served two days ago.

Shortly after that, he announced to the court that he was withdrawing from the matter as counsel for the fleeing Anjarwalla.

He did not give reasons for his withdrawal.

The trial judge, Justice Inyang Ekwo, adjourned the matter till April 8.

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