Oyo sets up N1bn fund for MSMEs, victims of police brutality

Oyo sets up N1bn fund for MSMEs, victims of police brutality

Oyo State Government has directed that a N500 million MSME fund be set up to fund youth entrepreneurs in the State with bright business ideas This was disclosed by Governor Seyi Makinde while speaking at the Post-Protest Meeting with Traditional Rulers and other Stakeholders, held at Agodi, Ibadan. According to the Governor, the fund will provide further employment and improve the economic landscape in Oyo State. The Governor also approved N500 million as compensation to victims of police brutality and injustice. This fund is to encourage anyone who has suffered any form…

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N500m Debt: AMCON takes over Polema Industries’ assets

AMCON

Acting on the rulings of Justice F.O.G. Ogunbanjo of the Federal High Court, Abuja, the Asset Management Corporation of Nigeria (AMCON) has taken over a factory and other assets belonging to Polema Industries Limited and its chief Promoter, Chief Emmanuel Obi, over an indebtedness of over half a billion naira. In a statement, the corporation said: “In compliance with the order, AMCON, through Barr. Chike Adaka of Elite Law, the Debt Recovery Agent, who also received protective orders from the court on Wednesday, June 24, 2020, took effective possession of…

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