Connect with us
nairametrics

Business News

Increased border security poses huge challenge as farmers count losses

It is now getting increasingly difficult for farmers and traders in Ogun State to make profits as the Nigeria Customs Service (NCS) beefed-up border security across the country.

Published

on

border security

It is now getting increasingly difficult for farmers and traders in Ogun State to make profits as the Nigeria Customs Service (NCS) beefed-up border security across the country.

Stakeholders, particularly farmers in Ogun State have lamented what they termed the insensitivity of the Federal Government in the execution of its check on the influx of imported food items into the country.

In an interview, the Balogun of Imeko in Ogun State, Emeritus Prof. Anthony Asiwaju disclosed that tomato farmers in Imeko, a border town in the Imeko Afon Local Government Area of Ogun State, were being prevented from moving their produce into markets in Ogun and Lagos States by the Customs and Immigration officers manning the border.

Asiwaju said the officials stopped the Imeko tomato farmers and traders from moving their produce, thinking that tomatoes were imported.

border security Tomatoes Price

GTBank 728 x 90

[READ ALSO: Despite Government policies Nigeria will soon be largest importer of rice]

The looming threats: According to Asiwaju, as a result of the increased border security, the farmers, who were in the middle of their annual harvest, had become agitated seeing their farm produce rotting away.

“We are in the middle of the harvest season, the harvesting takes just a few weeks, but there is a glut of tomatoes in the farms now and all the tomatoes are wasting.

GTBank 728 x 90

“The enforcement here, as in other border communities of Ogun State, must recognise produce that are produced on the Nigerian side of the border. Fresh tomatoes from Imeko are typical. We produce tomatoes here but the markets to which they are taken are in Obada, Owode, Lafenwa in Abeokuta, and Mile 12 in Lagos.

“Loads of harvested tomatoes are ready for movement to the markets, only for the farmers, traders and the transporters to be stopped. We are almost going into a situation where the farmers and the traders are revolting at the house of the Onimeko.”

[READ ALSO: Ex-Minister of Communication, Adebayo Shittu, disappointed with the ministerial list]

 

Jaiz bank ads

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Financial Services

Protecting your money from fraudsters

The ability to carry out transactions from the comfort of your homes, comes with the responsibility of safeguarding your money.

Published

on

Financial crisis is imminent in Nigeria -Dr. Segun Aina, Yahoo Yahoo

The advent of the cashless policy in Nigeria came as both a gift and a curse. On the plus side, one does not need to lug bags of cash around, especially for interstate transactions—just get depositors to transfer funds to your account, and you in turn, transfer to your business partners.

The policy has also made banks more innovative by creating various payment platforms that don’t need physical cash. Each bank has a robust mobile banking app where customers can transfer funds, subscribe for cable TV, book flights, buy airtime, etc., without entering a banking hall. For those without smart phones, the Unstructured Supplementary Service Data (USSD) option is there. Even ATM cards have been upgraded to do more than pay cash. What a time to be alive!

However, with these strides in innovation, come the downsides—robbers have adapted with the times by moving from the highway and taking their “trade” online. The  various options open to customers for processing transactions can also be manipulated by thieves to defraud account holders of their hard-earned funds.

Hopefully, after reading this article, readers would be better armed to protect their funds from these “online robbers.”

1. Do not divulge sensitive account details to unknown callers

As surprising as it seems, many people still fall prey to this trick, despite several warnings. There have been many instances of people admitting that they received calls from unknown callers, who claim to be staff of various banks. They are told that their accounts require some form of upgrade\corrections, and to do this, information like ATM card PINs and PANs, and details of messages sent to the account owners’ phones are needed. The “bank staff” then creates mobile banking apps tied to the bank accounts of the unsuspecting owners, and from there, all funds are transferred to several unknown recipients.

GTBank 728 x 90

2. Protect card details

As already stated, ATM cards are not just used for cash withdrawals now—they can also be used for funds transfers, bills payments, online transactions, etc. this means that one does not necessarily need the physical presence of their card to process some transactions. With knowledge of the card Primary Account Number (PAN), which are the 16 digits displayed on the card’s surface, the Personal Identification Number (PIN), and Card Verification Value (CVV) number, displayed on the back of the card, funds can be moved from one’s account.

It is therefore important to protect these details, especially when using the card in public places like ATM lobbies, and POS machines. You should be equally careful not to call out such details, if absolutely necessary, within earshot of people.

3. Always keep your phone safe

Imagine mourning the loss of your phone, then having the added heartache of losing the funds in your bank account(s).

GTBank 728 x 90

The value of a phone goes beyond its price, these days. It contains private valued information of its owner, among which are bank account details; it also contains the SIM through which transaction alerts are received. The SIM makes it possible to process USSD transactions.

There have been instances where phones were given to repairmen, only for the owners to realise later that funds had been transferred from their accounts via USSD to unknown beneficiaries. Even relatives have been known to secretly steal funds from accounts, just by handling the owner’s phones.

Always keep your phone locked, and know where it is at all times.

4. Pay attention to transaction alerts

It is very easy to assume that all is well with one’s account, and not bother with checking transaction alerts. After all, it is what you withdrew that must have left the account, right? Wrong!

As explained above, funds could have left your account without your authorisation. So pay attention to your transaction alerts, especially the balances, and quickly investigate any transaction that was not initiated with your permission—the earlier the better, for quick resolution with your bank.

Jaiz bank ads

Also note that the absence of alerts despite transactions could also be a red flag, as the SIM could have been swapped, giving fraudsters a free hand to run your account.

Fidelity ads

5. Know the USSD code for instant account deactivation

Imagine the horror of receiving alerts showing that your account is being continuously debited as you helplessly watch it happen, especially during over weekend when banks are closed.

This doesn’t need to happen. Right from the first debit, you should be able to take action and deactivate your account to prevent further debits. This is why it is important to know the emergency code of each bank where your funds are kept. For example, with Zenith Bank, any phone can be used to enter USSD code *966*911#, provide your account number, and the number used to receive alerts, and the account gets instantly deactivated. After this, you can take your time to investigate the stolen money, instead of frantically running around to stop further debits.

It is also important to know the various ways to reach your bank during emergencies—get their customer care lines from their websites, and if they have chatbots, engage them; also know their email addresses. Getting your account officer’s number too is useful.

Conclusion

Apparently, with the ability to carry out transactions from the comfort of your homes, comes the responsibility of safeguarding your money (to an extent). These tips should make it easier to do so.

However, in a case where the money has already been stolen, contact your bank as soon as possible for investigation and possible recovery.

Continue Reading

Coronavirus

COVID-19 Update in Nigeria

On the 30th of October 2020, 170 new confirmed cases and 3 deaths were recorded in Nigeria

Published

on

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 62,691 confirmed cases.

On the 30th of October 2020, 170 new confirmed cases and 3 deaths were recorded in Nigeria, having carried out a total daily test of 3,008 samples across the country.

To date, 62,521 cases have been confirmed, 58,249 cases have been discharged and 1,141 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 620,758 tests have been carried out as of October 30th, 2020 compared to 617,750 tests a day earlier.

COVID-19 Case Updates- 30th October 2020,

  • Total Number of Cases – 62,691
  • Total Number Discharged – 58,430
  • Total Deaths – 1,144
  • Total Tests Carried out – 620,758

According to the NCDC, the 170 new cases were reported from 11 states- Lagos (106), FCT (25), Oyo (14), Edo (7), Kaduna (7), Ogun (4), Bauchi (2), Benue (2), Kano (1), Osun (1), Rivers (1)

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 21,212, followed by Abuja (6,053), Plateau (3,630), Oyo (3,447), Rivers (2,810), Edo (2,664), Kaduna (2,648), Ogun (2,031), Delta (1,814), Kano (1,747), Ondo (1,666), Enugu (1,314),  Kwara (1,069), Ebonyi (1,049), Katsina (952), Osun (926), Abia (898), Gombe (883).  Borno (745), and Bauchi (713).

GTBank 728 x 90

Imo State has recorded 616 cases, Benue (493), Nasarawa (482), Bayelsa (412),  Ekiti (332), Jigawa (325), Akwa Ibom (295), Anambra (277), Niger (274), Adamawa (257), Sokoto (165), Taraba (146), Kebbi (93), Cross River (87), Yobe (82), Zamfara (79), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

GTBank 728 x 90

The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

Jaiz bank ads

 

Fidelity ads

 

 

 

 

 

Coronation ads
Continue Reading

Coronavirus

Cristiano Ronaldo now tests negative for Coronavirus

Cristiano Ronaldo tested negative for coronavirus after nearly three weeks that he tested positive.

Published

on

Cristiano Ronaldo tests positive for COVID-19

Juventus F.C. star, Cristiano Ronaldo, has tested negative for coronavirus, nearly three weeks after he tested positive.

This was disclosed by his club via its website on Friday.

It stated, “Ronaldo carried out a check with a diagnostic test (swab) for COVID-19. The exam provided a negative result.

“The player has, therefore, recovered after 19 days and is no longer subjected to home isolation.”

What you should know

GTBank 728 x 90

Ronaldo had tested positive for COVID-19 on October 13, while playing with Portugal. He had been in self-isolation since returning to Italy.

The 35-year-old missed four games including Wednesday’s 2-0 Champions League defeat to Lionel Messi’s Barcelona, and Juventus’s 2-0 win at Dynamo Kiev in their Group G opener.

The five-time Ballon d’Or winner’s return will be a boost for Andrea Pirlo’s faltering side who are fifth in Serie A, four points behind leaders AC Milan.

GTBank 728 x 90

Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Advertisement
Patricia
act markets
Advertisement
FCMB ads
Advertisement
IZIKJON
Advertisement
Fidelity ads
act markets
Advertisement
first bank
Advertisement
bitad
Advertisement
Stallion ads
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement