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Shoprite Concluding Plans To Leave Nigeria Before 2022

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Shoprite Holdings Limited, A south African Company has announced that it had concluded sales plans of it’s outlets in Nigeria.

The FidelinfoNews gathered that the company is shutting down its operations in Nigeria by disposing 100 per cent equity stake in its Nigerian retail supermarkets.

The Company’s Chief Executive Officer, Pieter Engelbrecht said, “We are at the approval stage in terms of the sale of our Nigeria supermarket operation.

“From here, our capital allocated to the region remains at a minimum and we continue to manage costs as best as we can.”

Recall, The company had in August last year in its half year 2020 financial report announced that it would gradually end its operation in Nigeria.

It said the board decided to formally exit its operations in Nigeria over unfavourable market conditions, and it was awaiting approval from the Federal Competition and Consumer Protection Commission after lodging the transaction with the commission.

According to the company, the management expects the transaction to be approved by the end of the 2021 financial year.

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BREAKING: Saraki Committee Fails, As Violence Mars PDP Northwest Congress

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The Ongoing Northwest Zonal Congress of the People’s Democratic Party has suffered a setback as violence erupted at venue of the Congress holding in Kaduna.

The FidelinfoNews gathered that the cause of the latest round of violence has not been determined as at the time of filing this report.

It will be recalled that the Bukola Saraki led reconciliation committee had given the greenlight for the Northwest and Southwest Congress to hold, as it claimed efforts to reconcile factions had been successful.

In the same vein Saraki Committee recently suffered another failure when the late Buruji Kashamu faction of the PDP in Ogun state defected to the ruling APC despite the committee declaring end to years of feud in the state’s chapter.

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Bauchi Jailbreak Attempt Caused By Mobile Phone – NCS

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The Nigeria Correctional Service has disclosed that the attempted jail break at the Bauchi Correctional centre was as a result of an attempt to smuggle a mobile phone into the centre.

The FidelinfoNews gathered that an officer tried to smuggle in a mobile phone for inmates, which is clearly illegal and against the rules.

Reports indicates that a scuffle ensued when inmates who wanted to benefit from the deal had a face off with other officers who busted the plan and enforced the rules.

The commission also affirmed that 2 officers and 5 inmates sustained injuries in the disturbance, and have been treated and discharged.

The restive inmates have also been put under control while the staff involved is undergoing interrogation, as ordered by the State Controller. This regrettable development is being investigated.

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Wike Bans Igbo Group’s Meeting Over Security Concerns

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Rivers State Governor, Nyesom Wike has issued an ban on a meeting proposed to be held by United Igbo Community, an Igbo group in Oyigbo Local Government of the state.

The FidelinfoNews reports that the state government cited security concerns, as the meeting could spark another round of unrest in the area.

The Rivers state Commissioner for Information and Communications, Paulinus Nsirim noted that Wike directed security agencies to ensure that the planned meeting does not hold in a bid to prevent a breakdown of law and order in the area.

The governor had in October, 2020, declared a 24-hour curfew in Oyigbo after a police station was attacked by hoodlums.

The governor, who said Rivers won’t allow troublemakers to take the law into their own hands also declared a N50 million bounty on a leader of the pro-Biafra group, Indigenous People of Biafra, in the state, one Stanley Mgbere.

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