Federal government condemns police over AFEX raid, reports matter to Osinbajo

Agricultural minister Ogbeh says the federal government is displeased with the actions of the police He says a petition by AFEX will be submitted to acting president Yemi Osinbajo

AFEX president Adesina has also expressed disappointment at the actions of the police The federal government has condemned the Nigeria Police Force for a raid on African Exchange Holdings (AFEX) warehouse by the security force. The condemnation was handed out by minister of agriculture and rural development Audu Ogbeh.

Ogbeh described the actions of the police as being against the efforts of the government to develop the sector that it sees as critical to restoring the current economic recession. In tweets on Saturday, July 15,Ogbeh said the actions of the policemen were condemnable.Oyebols.com gathered that the chairman of the African Development Bank and former Nigerian agricultural minister Akinwunmi Adesina expressed disappointment at the raid of the warehouse. He tweeted on Friday, July 14: AFEX is a pan-African holding company that was founded by former banking magnate Tony O. Elumelu and other top international businessmen to establish commodity exchanges across Africa.

The company signed a Memorandum of Understanding with agriculture ministry to create the first warehouse receipt system that will enable Nigerian farmers and cooperatives to safely store their produce at government-approved warehouses. Meanwhile, Oyebols.com had earlier reported that Ogbeh said that Nigeria produces more food than can be consumed by its people. Ogbeh made his comments while flagging off the Nigeria Yam Export program-me on Thursday, June 29. According to the minister, a huge chunk of the food gets wasted due to poor storage facilities across the country.