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Nigeria: Army intercepts trucks carrying over 300,000 live cartridges.

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The Nigerian army on Thursday morning intercepted three trucks that were carrying over 300,000 pump action rifle cartridges.

According an official, the consignment is believed to have come from Benin Republic but that authorities were yet to ascertain their destination.



The incident occured in a town located in the southwestern Ogun State. Occupants of the vehicles fled after they were stopped, security forces are currently on their trail, Brigadier general Olaniiyi Olatunde told pressmen.

Media reports indicate that the ammunitions were concealed in an in-built compartment of the trucks. Adding that the soldiers only discovered the arms after they had removed the in-built boards.

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The army confirmed that the success of the operation was largely due to cooperation by members of the public who volunteered information.

”Following calls received from well-meaning Nigerians, our patrol teams in Anti Smuggling, Anti Pipeline Vandalization, on 30th May, 2028, at about 2.58 am, in conjunction with the Police, State Security Service, SSS, Nigeria Security and Civil Defence Corps and other well-meaning Nigerians , intercepted the trucks loaded with cartridges at Balogun village, at Agbogila road, Ilara road.

“The cartridges were contained in boxes concealed in a way that it will be difficult for any usual patrol or checkpoint to discover.

“When our troops stopped them for stop and search, the occupants took to their heels . We pursued them but didn’t get any of them. Troops are still on their trail,” he said.

Nigeria’s security mix is complex as government continues to battle remnants of Boko Haram in the northeast. In the middle belt, communal clashes have left thousands dead whiles the north also suffers from kidnappings and cattle rustling.

Until late last year, the southeast was also heated as the army was deployed to deal with Biafra separatists. The southsouth and southwest have largely remained peaceful over the years.

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Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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