BusinessDay 11 Aug 2019

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INVESTIGATION

How loopholes in online property marts helped fraudsters rob renters of over N20m TEMITAYO AYETOTO

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oopholes arising from displaying unverified vacant apartments on online property marts have been helping fraudsters scam and rob unsuspecting house hunters. Over 75 renters who picked interest in a yet-to-be-completed

one-storey-building on 11 Abeni Close, Asha Estate, Gbagada, Lagos were defrauded of a total payment of over N20 million in June. The property was listed mostly on various property websites which are considered to be non-classified marketplaces because of the loose framework of operation and lack of ac-

countability to users in the event of a bad transaction. Through agents who subscribe to these platforms including Jiji, Nigeria Property Centre for widespread promotion, renters including those outside Lagos got in contact with a certain landlord named Mr. Bobby and Olaleye Continues on page 6

Waiting for Buhari’s ministers

...They must be ‘magicians’ to retool Nigeria CHUKA UROKO

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n a space of four years, Nigerians and their friends have witnessed twice a perfect re-enactment of Great Expectation orchestrated by their president who, it seems, has the penchant for creating prolonged suspense before selecting ministers Continues on page 4

BDSUNDAY BUSINESS DAY

www.businessday.ng Sunday 11 August 2019

#RevolutionNow: Anxiety grips Nigerians over creeping tyranny

p. 14 & 15

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BDLife Sunday 11 August 2019

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LIFE&LIVING

ARTS Travel ENTERTAINMENT @Businessdayng

BDSUNDAY 19

THE PROLOGUE

Lawmakers or law-breakers?

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here is the maxim that “he who comes to equity must come with clean hands”. By implication, he who comes to law-making must come with clean hands. Observers however, believe that quality of leadership in Nigeria is fast dropping as people who should ordinarily have nothing to do with governance are now sitting on the driver’s seat of policy making. Many of those whose cases are running in various courts over gross abuses of their previous offices and unbridled

malfeasance are sitting at the highest level of lawmaking chamber in the land. Some are today heading committees that will make them have oversight function of the EFCC. The AMCON DG recently said that heavy debtors, who were responsible for the failure of many government institutions and companies, are the same people calling the shots in this government. Many people are wondering if Nigeria’s lawmakers have suddenly become law breakers. OBINNA EMELIKE and AMAKA ANAGOR-EWUZIE, in their separate analyses agree that Nigeria is at a crossroads.

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Oyo/Osun customs made 7,951 seizures, generates N23.87bn, arrests 35 smugglers

Crash of RSU and urgent need for another rescue mission

@Businessdayng

Vol 1, No. 275 N300

Insurance firms gain from engineering, oil & gas as gross written premiums hit N53bn

?? p. 38

pp.41.41

Strange times in Nigeria

Suffering fueling violence Soldiers killing policemen Good governance on holiday Economy adrift Peace of the graveyard BY OUR REPORTERS

p. 19

@businessDayNG

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hese appear to be strange times in Nigeria, when everything seems to work against the country. With high unemployment rate currently around 23 percent, according to data from the National Bureau of

Statistics, many Nigerian youths have become easy preys to people who recruit them for unwholesome activities. Lamenting the worsening unemployment rate in the country, a member of the Faculty at the Lagos Business School, who spoke with BDSUNDAY on condition of anonymity, said: “Anybody doubting about negative things happening in the

country may be making a serious mistake. If Nigeria has 28 to 30 million unemployed youths and every year about 700,000 (seven hundred thousand) others are added to that number, it is getting to a tipping point.” Nigerians have also expressed shock at the level of lawlessness and seeming hijack of the country by hoodlums who operate with

reckless abandon. These illegally armed men have taken over the entire country, abducting and killing at will. They carry out their nefarious acts without hindrance, and it appears they have no regard for constituted authorities. Speaking with our correspondent, Anthony Imoh, a senior manager with a commercial bank Continues on page 2

p. 30 & 31

Unlucky Nigerian babies can’t find breast milk banks in key formative months

... Kenya, South Africa lead in WHO compliance in Africa

ANTHONIA OBOKOH

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oyosi Jane, 30, a single parent of one, feels less qualified as a mother, not because she can’t afford her new-born the joy of being cradled and raised under the unity of a loving couple. She believes her inability to breastfeed her Continues on page 6

Rev. Uja Tor Uja, executive secretary, Nigeria Christian Pilgrim Commission (NCPC), in a warm handshake with Bishop Nathan Inyom, chairman, Benue Christian and Church Leaders Consultative Forum, who also is the bishop of Anglican Church Makurdi Diocese, and others during a courtesy visit by the members of the Christian forum, Benue State to the executive Secretary NCPC, at the Commission’s corporate headquarters in Abuja.


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