Olam Nigeria moves to boost tomato value chain with pilot farming project

In line with the federal government of Nigeria’s initiative to attain self-sufficiency in tomato production and processing, Olam, a leading player in the Nigerian agriculture value chain has recently embarked on a pilot farming project in the country. Executing the project through its subsidiary, Caraway Africa Nigeria Ltd, it acquired 20 hectares of land for this purpose and set up farms in Karfi, Kano State, as well as Masama and Guri, both located in Jigawa State. The farms are solely dedicated to the production of tomatoes. While the tomatoes were…

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Court sentences businessman to 10 years imprisonment over N30m fraud

An Igbosere High Court of Lagos States, has convicted and sentenced a businessman, Jideofor Franklin Akpa, to seven years imprisonment over alleged N30 million fraud. Justice K. O. Jose, who presided over the court also fined the convict’s company, International Maritime and Shipping Limited, of the sum of N10 million, after been found culpable of offences leveled against them by the Economic and Financial Crimes Commission (EFCC). The convicted businessman and his company, were first arraigned before the court sometimes in 2015 on a five count- charge of conspiracy, obtaining…

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