News
Agreement Signed for Deployment of Electric Motorbikes in Lagos
Agreement Signed for Deployment of Electric Motorbikes in Lagos
By: Michael Mike
Swap Station Mobility Limited has signed partnership agreement with Glovo and Siltech World to deploy electric motorbikes, smart swappable batteries, and a network of quick interchange stations across Lagos State.
The Partnership will provide Glovo couriers with 2-wheel electric motorbikes that offer lower cost, clean mobility alternative to the internal combustion engine (ICE).
The Electric Vehicles (EVs) are provided on a lease-to-own model whilst also offering riders a unique “pay as you ride” or “weekly subscription” to access SSM’s battery swap and charging facilities, technical support and cover for insurance, licensing, and routine maintenance services. In order to increase adoption, Swap Station intends to build out a network of solar powered automated quick interchange battery stations along major demand routes and logistics bases starting in Lagos and surrounding states over the next twenty-four months.
Blackaion Capital and FundCo Capital Managers who are the co-sponsors of Swap Station Mobility, believe the operational cost of battery swapping per kilometre (km) will remain substantially lower than the fuel cost per km for the ICE counterpart. “This is the main value driver which has been catalysed by the Federal Government’s near elimination of fuel subsidies.
The products developed or distributed by Swap Station are designed to exceed the performance of petrol alternatives whilst significantly improving CO2 emissions, local air quality, and cost efficiency for users over the life of the asset,” said the Director at Swap Station and Partner at Blackaion Capital, Obiora Okoye,
Okwu Njoku who sits on the Board went on to say, “We are very excited about signing with Glovo who operate one of the most prolific food delivery platforms in Nigeria. Our EVs and swappable batteries are in-country, and Siltech World, one of our key technology and technical partners, supported us with the procurement, testing, and certification of the EVs, and so, we are now ready to start operations. We plan to spend the next few months securing additional swap locations, building our technology platform, and expanding our team.”
Abiodun Oni, Chief Executive Officer (CEO) of FundCo Capital Managers, and former Regional Sales Director, Energy, for Tesla, stated, “e-mobility is critical to our sustainable infrastructure investment strategy, and this agreement with our partners enables us to kick start that process”.
On his part, Head of Operations at Glovo, Ify Adah stated, “ By 2030, our goal is to have about half of our orders delivered by non-combustion vehicles. So, we are very excited and look forward to working with Swap Station, and supporting our couriers with cleaner and more cost-effective transport solutions.”
Swap Station is an integrated EV financing and battery charging infrastructure development company that has built a business-to-business-to-consumer (B2B2C) platform that provides access to electric 2-wheel and 3-wheel vehicles, swap station infrastructure, swappable batteries, and a hub for repairs and maintenance services to fleet owners, businesses, and users operating in the logistics and last mile connectivity in Nigeria.
Blackaion Capital is a West Africa focused infrastructure advisor, developer, and asset manager with offices in Lagos, Abuja, and Mauritius. Blackaion’s mission is to create exceptional long-term value for all stakeholders by developing and capitalising tech-enabled and climate-friendly infrastructure projects and companies.
FundCo is a specialised Alternative Asset Manager for sustainable infrastructure-related funds across critical economic sectors. These are selected industries providing essential services to the society, with domestic geographic diversity, have secure cash flows, are recession resilient, and ideally, offer some inflation protection. FundCo is duly registered with and licensed by Nigeria’s Securities and Exchange Commission (SEC) as a portfolio/fund manager in line with the SEC rules.
Agreement Signed for Deployment of Electric Motorbikes in Lagos
News
Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate
Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate
By: Zagazola Makama
Reckless disclosure of sensitive intelligence, surveillance and reconnaissance (ISR) operations by social media users has compromised ongoing counter-terrorism efforts in the Lake Chad region, forcing Islamic State West Africa Province (ISWAP) fighters to relocate from monitored locations, reliable security sources told Zagazola Makama.
The social media handler had posted that the United States Air Force ISR aircraft, which has flown missions over the Lake Chad basin for three consecutive days, again returned on Saturday to conduct surveillance on ISWAP’s “Mantiqah Krinwa” in northern Borno. The aircraft, as with previous sorties, was tracked taking off from Accra, Ghana.
The operational gains, however, were undermined when a social media handler, identified as Brant Philip on Twitter (X), published the real-time flight paths and details of the ISR operations that were expected to remain covert.
The sources said that although ISWAP fighters were not recently concentrated in Krinwa, the ISR media leaks had unsettled the group, prompting a tactical movement from Dogon Chikun to Bulabulin in an apparent attempt to avoid potential air interdiction in identified locations.
“Once the details of the ISR mission were posted online, the terrorists became aware of the surveillance and began repositioning. These kinds of leaks directly endanger operations and personnel,” a security source said.
Another source noted that online exposure of such highly sensitive military activity compromises not only Nigerian security efforts but also partner operations.
“People on social media must understand that sharing operational intelligence, especially in real time, is not content, it is sabotage. Terrorists monitor these platforms too,” the source added.
Social media users, bloggers and open-source enthusiasts must exercise restraint and avoid amplifying sensitive information that could compromise missions, or empower terrorist networks.
Social media reckless leaks of U.S. ISR flights over Lake Chad force ISWAP fighters to relocate
News
Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade
Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade
By: Zagazola Makama
The death toll from Friday’s multiple motor accident in Katsina-Ala, Benue State, has risen to nine, while four injured victims are currently receiving treatment in hospital, officials have confirmed.
The crash, which occurred on the Katsina-Ala axis, involved several vehicles after an alleged deliberate obstruction of the expressway by two members of the National Union of Road Transport Workers (NURTW).
Sources told Zagazola Makama that the two drivers – Stephen Kahungur, of Gbor community, who drove a Toyota car with registration number Benue MKD 569 TJ, and Saater Vihiga, of Ammafu Village, who drove a Toyota Carina with registration number Benue AX 896 MKD – were arrested for allegedly blocking the highway and causing the fatal chain collision.
Also arrested was the Chairman of the NURTW Katsina-Ala branch, Aja Vanger, who was said to have mobilised the suspects to block the road.
The three suspects are currently in custody.
Authorities say investigation into the circumstances surrounding the obstruction and the fatal crash is ongoing.
Nine killed in katsina-ala multiple crash as nurtw officials arrested over road blockade
News
Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara
Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara
By: Zagazola Makama
Operatives of the Scorpion Squad have arrested two notorious kidnappers and armed robbers in Zamfara State and recovered three suspected stolen vehicles.
The operation, coordinated by ACP Victor O. Godfrey, was carried out on Nov. 25 following what security sources described as actionable digital reconstructive intelligence.
The suspects, Dalhatu Bashiru (aka Yellow), 38, and Chidiebere Nwadigo Emmanuel, 34, both ex-convicts, were apprehended for their alleged involvement in multiple kidnapping and car-snatching operations across several states.
Recovered from the suspects were: A black Toyota Corolla, Reg. No. JUX 578 AA, A grey Toyota Corolla, Reg. No. JUX 890 AA, an ash-coloured Toyota Camry (Pencil Light), Reg. No. APR 459 AE
According to sources, the suspects confessed to participating in several high-profile criminal operations, including the Jan. 18, 2024 abduction of Mr. Segun Akinwumi O. near Rita Lori Hotel, Garki, Abuja.
In that incident, the victim was kidnapped from his residence and taken toward Kano. While en route, the gang allegedly dispossessed him of his ATM cards in Kaduna, where ₦500,000 was transferred from his bank account.
Luck ran out for the gang after they were intercepted at a filling station in Kaduna. Three members escaped, but Chidiebere, Dalhatu (Yellow), and another suspect, now at large were identified. Their accomplice, Chinanza Philip Okoye Michael, was arrested, the victim rescued unhurt, and his vehicle recovered.
Investigations further revealed that the arrested suspects had previously been apprehended in November 2023 for similar offences and arraigned at the High Court, Kwali, but allegedly returned to crime while on court bail.
Police operatives also recovered three Beretta pistols from the suspects.
Security authorities said the suspects confessed to snatching over 20 exotic SUVs within Abuja.
Efforts are ongoing to apprehend the remaining fleeing suspect.
Police Scorpion squad arrests two notorious kidnappers, recovers three vehicles in zamfara
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
News8 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
