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Prince Nicholas Ukachukwu’s 140 Million Dollars Investment In Awka Collapse! Niccus Employers Cry For Help over unpaid salary!



When Prince Nicholas Ukachukwu, a former House of Representative Member and Evangelist as well as an Industrialist broke a cheering news that his multimillion dollar investment in Awka is set to be commissioned years back, Anambrarians  received the news with a pinch of salt based on the agonies of those working at Niccus Industries Limited.


Society Reporters NG reports that Ukachukwu is a dogged fighter even in politics and all he had laid his hands on even in beating mercilessly political opponents but that announcement is with a hiccup.


As a former gubernatorial aspirant in the state under PDP and later Hope party, Chief Nicholas Ukachukwu was outstanding and marches money for money and force to force with all major contenders. He could have been in the senate now representing Anambra South senatorial zone but for smartness of Chief Chris Ubah that outshine his own smartness and his brother Senator Andy Ubah is there now.


At a stakeholders meeting at the Governor’s lodge then Prince Ukachukwu announced that his $140m investment in Awka would soon be ready for commissioning while he was perfecting plans to cite more industries in other parts of the state.


He commended the governor for demonstrating a deep sincerity of purpose and assured him of his support as well as his belief in his ability to deliver on his promise to Ndi Anambra.


But the fears stemmed from the investment at Onitsha Niccus industries limited manufacturing over 21 domestic products  including ladies sanitary towels , baby diapers , pencils , medicated , Antiseptic , Toilet and Bar soap, plastic bottles and bottled water.

Others are Instant noodles , Jute sack and Ghana must go bags , converted papers and cartons , can juice as well as Polythene and shopping bags

Niccus Industries limited is located at Nkpor Junction and before now was beehive of activities employing over 6,000 direct and  about 1,000 indirect staff .


But today staff are owed several months of salary and the place is a ghost of itself with many resigning and going without their entitlements.


It was alleged that the manager who happens to be a relative of the Prince ran the place aground as one could not reconcile the business acumen in Prince and Princess estate as well as many international schools that are a huge success to the Niccus delima which is an irony, Niccus is a subsidiary of SNECOU Group of companies.


But the Managing Director of Niccus Industries Limited , Pastor Oguine told us that all hope was not lost to resuscitate the factory back to its footings as every efforts have been put in place by the chairman Prince Nicholas Ukachukwu to revamp the ailing factory.


He blamed the previous governments in the state of being responsible for the predicament the factory is suffering because the Chairman of the company Prince Ukachukwu is in politics , his efforts were allegedly frustrated leading to the suffering of the over 7,000 staff in the company.


He decried the pains and agonies thousands of workers there went through because of adverse government policies without knowing that it would not be the Chairman of the company that would suffer the pains but the masses employed there. He hoped soonest all the agonies would be in the past.


And because the MD was skeptical of news, he was not troubled further about some salient points about Niccus like how many years staff were owed salary and stuff like that.

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In a recent development, Remember how few weeks ago, an Igbo businessman/politician, Chief Peter

Nwaedozie Alias Mkpume from Ogboji town in Orumba LGA of Anambra State gave residents and the media quite an episode to watch when he took off his clothes publicly on camera and went stark naked to demand for the money he was being owed by an alleged rich debtor?! It’s not forgettable so easily!

The rich debtor has been identified as Prince Nicholas Ukachukwu.

The incident occurred at Ali Akilu Street in the highbrow Asokoro District in Abuja.

Obviously fed up of the incessant excuses by Mr Nicholas, Chief Peter Nwaedozie resorted to the method of going stark naked in the house of his debtor just to compel him to settle the debt. He also

claimed that Prince Ukachukwu had threatened to lock him up if he continued

to demand for his money. New family photos of the debtee have

emerged. Its believe to be about a whooping sum of #34 million.

Society Reporters gathered that Prince ukachukwu is now on the run as everything seems to be crumbling for him now.

We will keep you updated as soon as we lay our hands on more information.

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News and Report

More Troubles For Dangote Cement As Kogi Govt Demands 10 Per Cent Share, Orders Immediate Seal Off



However, Dangote Cement is facing allegations of sharp practice from Kogi State government, Kogi Assembly as well as Akwa Ibom State.Already, the Kogi State House of Assembly has ordered stoppage to the activities of the company in two Local Governments in the State while investigations continue.

To make the claim possible, Kogi State House of Assembly ordered the management of Dangote Cement company to provide all necessary documents that have to do with the transfer of Obajana Cement Company owned by Kogi state government to Dangote Cement Company.

The House also directed that the documents signed at the establishment of the Company and relevant receipts of dues it claimed to have paid to Kogi State Government available at the next adjourned sitting date.

The speaker of Kogi State House of Assembly, Matthew Kolawole, gave the order after interim reports of the ongoing investigative hearing on Internally Generated Revenue (IGR) which was submitted by the ad hoc committee led by Hon. Isah Tenimu Umar, Member Representing Lokoja I Constituency and deliberated upon at the plenary on Wednesday.

Kolawole said this has become important in view of the claims and counterclaims between the Chairman of Kogi State Internally Generated Revenue Service (KGIRS) and representatives of Dangote Cement as the acting chairman of KGIRS, Salisu Enehe had earlier accused Dangote Cement Plc Obajana of forging its tax receipt during the investigative hearing by the State House of Assembly.

According to the State Revenue Boss, most of the figures the company claimed to have paid are totally incorrect, urging the company to check its record.

He added that despite the billions of Naira that company is making from the state monthly, it has failed to pay taxes that are due to the state and Lokoja Local Government Area.

Nigerians Getting ₦1,593,247 Per Week From ₦99,000 Investment in Amazon
Nigerians Getting ₦1,593,247 Per Week From ₦99,000.

In another development, Following the unrestrained environmental degradation in Ankpa and Olamaboro local government areas, Kogi state House of Assembly on Wednesday, directed the Commissioner of Police and Commandant of the Nigeria Security and Civil Defence (NSCDC) to seal off operations of Dangote Plc in the affected areas of the State.

The House gave the order during a public hearing on activities of Dangote Group in the state, especially on the the massive exploitation , environmental degradation and non compensation to the affected owners of the land and without revenue accruing to the state government.

The Speaker, Kogi state House of Assembly, Mathew Kolawole, charged the NSCDC commandant to ensure immediate implementation pending when the ad hoc committee on revenue clarifies some grey areas. Kolawole, who lamented the environmental degradation caused by mining activities on Kogi by the Dangote group and its subsidiaries, accused the multi national business concern of making billions in the state but yet fails to give back to it.

Akwa Ibom is also finding it difficult to collect its entitlement from the Dangote Group. According to reports from the place, the Itu Local Government blocked Dangote premises with their trucks because the company has refused to pay tax for more than two years despite pleas and series of warnings.

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi



As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State.
The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial inclusion deficit within rural communities in Kebbi.
The financial inclusion initiative is being implemented with technical support from National Identity Management Commission (NIMC), to help the farmers acquire the relevant documentation and identification required to open bank accounts.
Union Bank will facilitate account opening and expand its agency banking network to cover the areas while supporting its agents on ground with digital banking solutions to enable seamless transacting and account management.
Farouk Gumel, Chairman WACOT and Board Chair, Union Bank was on ground in Kebbi State to kick-off the drive and paid a visit to the Kebbi state Governor, Senator Abubakar Atiku Bagudu to discuss expanding the programme state-wide.
In his recent keynote address at the recently concluded and  Chartered Institute of Bankers of Nigeria (CIBN) Conference, Mr. Gumel said:
 “As we work towards achieving financial inclusion to reach the unbanked, we must commit the same resources and investments to rural-local customers as we have done to urban-global clients to help create the growth that will lift us all to collective prosperity.”
WACOT Rice is a subsidiary of TGI Group. TGI Group, through another of its subsidiary Titan Trust Bank, recently acquired Union Bank in a landmark transaction which was announced in 2021.

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In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions.

The ongoing 2-month promo will end on 30 October 2022 as 20 customers (10 customers per month) with the highest transaction count during the promo will be made millionaires, winning the sum of N1 million each. Also, N20,000 will be won by 25 customers monthly.

On the other hand, 2620 FirstBank verve cardholders that double their transactions every week, stand a chance to enjoy 10% cashback capped at N2,000 per customer.

Speaking on the promo Chuma Ezirim, Group Executive, e-Business & Retail Products, FirstBank said “we appreciate our partnership with Verve Card through the years; a partnership of empowerment and opportunities which include growing the economy, supporting new businesses and preventing unemployment. FirstBank verve card holders are encouraged to keep using their cards as it is a card offering that promotes safe, convenient and rewarding digital banking experience with 20 customers standing a chance to be millionaires at the end of the promo.”

Verve card is a secure debit card that allows cardholders to conveniently meet their daily financial needs such as payment for goods and services, airtime recharge, bill payments, funds transfer, etc. Verve card is accepted across all ATMs, POS, Web and Mobile Platforms in Nigeria.

The promo is also opened to new verve cardholders as non-verve cardholders are encouraged to visit the nearest FirstBank branch today to pick up a Verve card and start getting rewarded!

Only recently, FirstBank – in partnership with Verve – rewarded over 2601 FirstBank verve cardholders with various prizes; including N20,000 cash prize, N10,000 cash prize, N10,000 worth of airtime; power generating sets, refrigerator, cooking gas, smart TV and the grand prize of a brand-new car to a lucky winner.


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