Lagos police uncover fake alcoholic drinks manufacturing company, arrest four.
The police command in Lagos State has uncovered a company that allegedly deals on fake alcoholic drinks.
The command also arrested four suspected perpetrators of the crime.
The command’s spokesperson, SP Benjamin Hundeyin, confirmed this in a statement on Thursday in Lagos.
Hundeyin said that operatives from Isokoko Police Division, acting on credible information, raided a house in Agege, where the fake alcoholic drinks were allegedly being produced.
He said that four people behind the alleged illegal distillery were arrested at the venue.
He added that the police recovered fake drinks, empty bottles and labels of different brands.
The spokesperson said that investigation into the case was ongoing, adding that the command had sealed the premises.
2.
Dump your dollars to avoid tears, Naira’ll appreciate – Presidency warns
The Presidency has warned forex speculators to discard their Dollars, saying that the Naira will soon appreciate.
President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, made this call in a statement via his X handle on Thursday.
The presidential aide urged speculators to quickly dump their dollars to avoid “tears.”
He stated, “With backlog FX settled, Naira is set to appreciate further, faster. Currency speculators should quickly dump their stock of dollars to avoid sorrows and tears.”
Onanuga was reacting to the Central Bank of Nigeria, CBN, disclosure that it had cleared the $7 billion foreign exchange backlog inherited by Governor Yemi Cardoso.
In a statement on Wednesday, CBN’s Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, confirmed the settlement of all valid FX backlog claims.
Ali said the apex bank employed Deloitte Consulting, an independent auditing firm, to meticulously assess the transactions, ensuring that only legitimate claims were honoured.
“Any invalid transactions were referred to the relevant authorities for further investigation,” she stated.
The CBN’s commitment to tackling the FX backlog appears to be paying off, with the external reserves seeing a significant rise, reaching $34.11 billion as of March 7, 2024, the highest level in eight months.
3.
Meet Mark Dean, IBM engineer who invented colour PC monitor, others
Dr Mark Dean is an American inventor and computer engineer who helped develop various remarkable technologies for International Business Machines (IBM) including the colour personal computer (PC) monitor and the first gigahertz chip.
Born on March 2, 1956, Dean also invented the Industry Standard Architecture system bus with engineer Dennis Moeller, allowing for computer plug-ins such as disk drives and printers.
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Meet Mark Dean, IBM engineer who invented colour PC monitor, others
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