12 Burnt To Death In Road Accident, FG Shuts Down Illegal Financial Institutions

12 Burnt To Death In Road Accident


No fewer than 12 people have lost their lives in an accident along the Ilorin/Ogbomosho road in Kwara State on Saturday.

It was gathered that the driver of an 18-seater white coloured Toyota Hiace passenger bus heading to Lagos had a head-on collision with a white DAF Volvo trailer.

Six passengers who survived the accident which happened around 7:00am sustained varying degrees of injuries.

An eyewitness said the driver of the bus was overspeeding while plying one-way.

The Sector Commander of the Federal Road Safety Corps (FRSC), Kwara State, Jonathan Owoade, confirmed the development to Daily Trust.

He attributed the cause of the accident to speeding limit and route violations and loss of control.

“Twelve of the passengers were burnt beyond recognition.

“We are still at the University of Ilorin Teaching Hospital (UITH) trying to sort out the process of depositing them at the morgue.

“But those injured have been taken to the hospital for treatment,” Commander Owoade added.
Source – Daily Trust

FG raids, closes illegal online loan firms

The Federal Government has shut some illegal financial institutions operating on Opebi Road, Ikeja, Lagos for “possible violation” of consumer rights.

The Nation learnt the companies – GoCash, Okash, EasyCredit, Kashkash, Speedy Choice, Easy Moni – owned by Blue Ridge operate on the third floor of a four-storey building in the area.

The Federal Competition Consumer Protection Commission, in a joint operation with the Independent Corrupt Practices and other Related Offences Commission, National Information Technology Development Agency, and the Nigerian Police Force, raided these institutions.

According to the FCCPC, the raid was in response to customers’ complaints of malpractices by the financial institutions.

The Chief Executive Officer, FCCPC, Babatunde Irukera, explained that customers had accused the financial institutions of violating their privacy in their debt recovery drive.

Irukera said the agency had begun investigations into the allegations since 2020.

He said, “This information started quite a while ago. Some time ago, when the country was on lockdown in 2020 due to the pandemic, we started seeing the rise in money lenders.”
Source – The Nation