Anti-graft agency seizes warehouses in Kano

Date:

February 12, 2024.

Thank you for reading this post, don't forget to subscribe!

Azonuchechi Chukwu.

The Kano State Public Compliant and Anti-Corruption Commission, PCACC, has on Sunday, uncovered and sealed off several warehouses over alleged hoarding of essential commodities resultant of artificial soaring prices.

The Chairman of the anti-graft agency, Bar. Muhuyi Rimingado sealed off the warehouses stocked with essential commodities such as grains, millets, sugar, and spaghetti among others after leading his team and journalists on an unscheduled inspection of warehouses of Africa’s leading grain market, Dawanau grain market in Kano.

Bar. Rimingado said it carried out the unscheduled inspection of the area after an intelligence report and securing a search warrant from the court.

He said the operation became imperative to check the incessant increase of prices of essential commodities which is compounding the hardship faced by Nigerians.

“As you can see, the Kano state Public Complaint and Anti Corruption Commission (PCACC) has made true it’s promise that we are going to embark on fight against hoarding of essential commodities in the state.

“We started last Thursday and we have made a significant impact towards stopping the incessant rise in the price of essential commodities. It was such that within a week, rice had jumped from N52,000 to N61,000.

“Alhamdulillah, from what we have done so far, we are certain that there is impact. From here we are going to the market to ascertain the situation.

“Firstly, we were able to stop the incessant increase in prices of the commodities and secondly, we have the belief that if we sustain the tempo we will be able to bring down the prices.

“As you can see now, we are going round the warehouses and we met a lot of issues which after we go back to the office we are going to digest.

“One fundamental problem is each store we enter they will be claiming that it is the World Food Program Store. We wonder if the world food program will starve the country while taking the food somewhere else.

“You can see, I was told here today that the price of maize has jumped from N30,000 to N60,000. So you see, a hundred percent increase, this is unacceptable. You can see these stores, there are hundreds of millions of Naira worth of hoarded commodity.

“We are taking over the stores now and we are going to make some certain arrests because these will not be tolerated. This is not a market, this is a warehouse. We have activated our intelligence mechanism and they have come up with reports on where and how they are hoarding it.

“We have three options, we are taking over the warehouses which we have now. Secondly, we are putting our operative here and put another padlock on the stores. Thirdly, we will invite the owners, when they come we will dissect. What investigation reveal, then it will end up in the court,” Bar. Rimingado said.

Earlier, a warehouse officer, name undisclosed, told the Chairman that the essential commodities were stocked in the warehouse for contract it is about to allegedly enter with the United Nations under Food Supply Agreement, FSA for onward transportation to their logistics hub in Maiduguri, Yobe and Adamawa for alleged distribution among nigerians in the states.

During the inspection at one of the commodities market popularly known as Singer market, Leader of the market, Alh. Muhammadu Adakawa said they were happy with the move by the anti-graft agency as the soaring prices by the companies also has adverse effect on their businesses.

He said they were only victims of circumstances as they were wrongly blamed for hoarding of the goods and skyrocketed prices.

The market leader, Adakawa however, expressed their willingness to cooperate with the agency to address the situation.

Recall that the anti-graft agency had last Thursday threatened to clamp down on warehouses or stores found hoarding essential commodities in the state.(www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

Share post:

Subscribe

Popular

More like this
Related

President Tinubu Orders Reversal of Cement Price Hike, Says Minister

  Minister of Works, Senator David Umahi, revealed that President...

Investors Flock to Aba, Abia State as Geometric Power Restores Stable Electricity

Within 24 hours of Geometric Power restoring stable power...

“Comedian Lord Lamba Criticized for Timing Daughter’s Photo Debut Amidst Queen Atang’s Engagement”

After a brewing online drama involving comedian Lord Lamba...

British Council Raises IELTS Exam Fees in Nigeria for the Second Time

  The British Council in Nigeria has once again increased...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com