A court in east China’s Zhejiang Province on Friday sentenced six people, including the legal representative of the Hangzhou Safari Park, to prison terms after three leopards escaped from the park.
The People’s Court of Fuyang District, Hangzhou City, handed down jail terms ranging from one year and two months to two years with a suspension of the sentences.
According to the court ruling, Ding Zengquan and two other feeders of the park had breached safety regulations that resulted in the leopards fleeing the park between the afternoon of April 18 and the morning of April 19.
After the incident, the management of the company, including its legal representative Zhang Dequan, decided to cover up the truth to avoid economic losses and reputational damage.
The defendants launched a hunt for the leopards secretly, capturing one on April 21.
They did not admit the incident until the local public security and forestry departments received reports from the public on the night of May 7.
Another leopard was found on May 8, while one continues to be at large to date.
All the defendants violated relevant safety regulations resulting in serious consequences, thus committing a crime of causing a major-liability accident, noted the court verdict.
It added that the defendants got lighter punishment because they surrendered themselves and voluntarily pleaded guilty.
I can’t handle evil confronting Nigeria alone: Buhari
President Muhammadu Buhari
President Muhammadu Buhari says the quantum of adversity his regime is confronting can only be surmounted with the assistance of all Nigerians.
Mr Buhari made this assertion while reacting to the gruesome attacks on innocent travellers in Sokoto State.
No fewer than 30 travellers were burnt inside a bus travelling through Sokoto by bandits after they were ambushed Tuesday night.
“I am very distressed at the manner of death visited on these hapless citizens who were undertaking a legitimate journey to another part of the country.
“It shows that the evil this administration is confronting is one that requires the support and involvement of all Nigerians,” Mr Buhari was quoted to have said by his media aide, Femi Adesina, in a statement on Wednesday in Abuja.
The president extended deep condolences to the families of the victims, assuring that security agencies would continue to give their all to bring to an end the operations of the despicable people.
Price rally spurs growth at stock market
Sentiments remained positive in the domestic stock market on Wednesday with a growth of N217 billion arising from price rally recorded by MTN Nigeria Communications (MTNN) and 19 other stocks.
Specifically, the market capitalisation inched higher by N217 billion or 0.99 per cent to close at N22.142 trillion from N21.925 trillion on Tuesday.
The All-Share Index rose by 417.14 points or 0.99 per cent to close at 42,435.16 against 42,018.02 recorded on Tuesday.
Consequently, the month-to-date loss moderated to 1.9 per cent, while the year-to-date gain increased by 5.4 per cent.
The market gain was driven by price appreciation in large and medium capitalised stocks amongst which are: Seplat Energy, MTN (Nigeria), Dangote Sugar Refinery, Lafarge Africa and United Bank for Africa (UBA).
Market breadth was positive with 20 stocks against 11 losers.
LivingTrust Mortgage Bank topped the gainers’ chart in percentage terms by 9.09 per cent to close at 96k per share.
Meyer followed with 7.69 per cent to close at 28k, while AXA Mansard Insurance went up by 7.25 per cent to close at N2.22 per share.
Dangote Sugar Refinery rose by 6.67 per cent to close at N16, while Honeywell Flour Mills appreciated by 6.51 per cent to close at N3.60 per share.
Conversely, Cutix led the losers’ chart in percentage terms by 9.69 per cent to close at N2.61 per share.
Royal Exchange followed with 8.06 per cent loss to close at 57k, while Mutual Benefits Assurance declined by 7.69 per cent to close at 24k per share.
Sovereign Trust Insurance shed 4.17 per cent to close at 23k, while Nigerian Aviation Handling Company depreciated by 2.51 per cent to close at N3.50 per share.
Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 441.93 million shares valued at N5.04 billion.
Sterling Bank followed with 64.43 million shares worth N95.94 million, while Guaranty Trust Holding Company (GTCO) traded 20.67 million shares valued at N501.36 million.
UBA sold 14.73 million shares valued at N115.95 million, while Access Bank transacted 12.30 million shares worth N110.59 million.
In all, the total volume of trades increased by 1.6 per cent to 649.77 million units valued at N7.20 billion exchanged in 3,757 deals.
This is against a turnover of 639.44 million shares worth N6.63 billion transacted in 4,564 deals on Tuesday.
FCT-IRS rakes in N118 billion, targets more in 2022: Official
The Federal Capital Territory Internal Revenue Service (FCT-IRS) said it remitted N118 billion into the federal government coffers as of November with a projection of N202 billion in 2022.
Acting Executive Chairman of the service, Haruna Abdullahi, told newsmen on Wednesday that the figure meant the organisation surpassed its target by 108 per cent.
“In spite of the challenges faced by the Service and FCT due to the impact of Covid-19, we were able to achieve and surpass our revenue target of N109 billion by 108 per cent as at the end of November 2021.
“With this, the Service has so far collected and remitted the sum of N118 billion,” Mr Abdullahi stated.
He also said that within the year under review, the Service engaged some consultants to conduct a six-year back duty tax audit of Ministries, Department and Agencies (MDAs), enterprises and corporate organisations in the FCT.
Mr Abdullahi said the engagement had started yielding fruits because liabilities have been established and demand notices have been issued in accordance with Section 54 PITA, CAP P8, LFN, 2004 (as amended).
“It is also important to let you know that we are currently meeting with about 250 MDAs for the review and reconciliation of IPPIS/Personal Income Tax/PAYE.
“This is to address issues of wrong remittance, non-remittance and under-remittance of employees of MDAs in the FCT.
“We are carrying out this exercise in collaboration with the Office of the Accountant-General of the Federation and Joint Tax Board.
“Let me use this medium to invite all the MDAs that are yet to come for the exercise to please turn up before the deadline of December 10, 2021,” he said.
The acting chairman said the Service would not rest on its oars until it becomes the highest sub-national revenue-generating agency in the country.
He, therefore, solicited the support of all major stakeholders, including the media, in order to achieve the target.
“Though it is a huge task but with determination and commitment of board members, management, staff and stakeholders like you, we shall achieve the 2022 target,” he said.
He said the Service planned to embark on an aggressive public enlightenment campaign to educate and mobilise prospective taxpayers with a view to boosting the revenue base of the FCT.
The acting chairman explained that since the inception of the service, it had been educating and sensitising the residents and taxpayers to their civic responsibilities.
Mr Abdullahi said that in collaboration with the relevant law enforcement agencies the service would also embark on enforcement of its mandates in 2022.
“This is in accordance with section eight and Part V of the FCT-IRS Act 2015. This resolve has become necessary to address defaulters who insist on shortchanging the FCT Administration,” he said.
Nation3 days ago
Hero of the Evolution: Dr Sam White wins High Court case against GMC
News19 hours ago
US cautions FG against allowing untrusted 5G service providers
National2 days ago
Farmers launch new onions bags to reduce post-harvest loss
Music3 days ago
[Mp3] Umu Obiligbo Ft. Magnito – Work and Chop
Lifestyle3 days ago
Top 7 most handsome footballers in the world
Health3 days ago
Breakfast Ideas In Nigeria – Doksblog
Health3 days ago
HIV Symptoms That Are Most Common -Doksblog
Health3 days ago
Roasted Corn VS Boiled Corn:Which One Do You Prefer? –