Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    The Market Basket Manifesto: Why Nigeria’s Prosperity Begins at the Bottom

    February 8, 2026 --- 4:21 pm

    Police Bust Criminal Black Spots, Arrest 23 Suspects in Ibaka

    February 8, 2026 --- 2:25 pm

    Nigerian Officials have a Culture of Denial – US lawmaker alleges

    February 7, 2026 --- 11:50 pm
    Facebook X (Twitter) Instagram
    Trending
    • The Market Basket Manifesto: Why Nigeria’s Prosperity Begins at the Bottom
    • Police Bust Criminal Black Spots, Arrest 23 Suspects in Ibaka
    • Nigerian Officials have a Culture of Denial – US lawmaker alleges
    • Trump Refuses to Apologise for Depicting Obamas as apes in video
    • Court Heard How a Facebook User Invoked Ekid Traditional Deities Against Gov Eno
    • Nigerian Police Indict Natasha Linking Akpabio with Alleged Organ Harvesting
    • Murder Suspect Docked as Police Exhume Victim’s Corpse in Etim Ekpo
    • Rep Idem Aids Employment of 4 Ph.D Holders and Two others into FG Institution
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Sports
    • Contact Us
    Straightnews
    Home»Nigeria»Economy»Crisis: A’Ibom Communities Count Losses As 2 Banks Close Up
    Economy

    Crisis: A’Ibom Communities Count Losses As 2 Banks Close Up

    straightnewsng.comBy straightnewsng.comNovember 12, 2018 --- 8:40 pmNo Comments2 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    Crisis
    Crisis
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    In the aftermath of the crisis that paralysed the socio-economic activities in Etim Ekpo and Ukanafun local government areas, crisis-torn communities whose ailing mono-economy further nosedived are still counting their losses that ran into millions of naira.

    The crisis spawned by the then aggrieved youths grounded all activities in areas and hit agrarian businesses mainly palm oil production and subsistence farming, the major sources of livelihood of the people.

    Though Ukanafun local government council had on Friday, November 9 organised solemn assembly followed by tree planting to signal a return of peace to the deserted area, the spill over effects on the economy of the area are far from being over.

    As a fall-out, Bank of Agriculture, Ikot Akpa Nkuk in Ukanafun packed up and relocated to Ikot Ekpene.

    Also, Prudent Co-operative Micro-Finance Bank closed up and the management of the bank threw its 26 staffers into the overcrowded labour market.

    The Chairman of the bank, Arc. Ubokutom Nyah confirmed this to Straightnews reporter in Uyo on Monday.

    Nyah further stated that the management of the bank has closed its branch in Obong University, Obong Ntak in Etim Ekpo local government area due to the crisis.

    Markets in the troubled communities were razed and petty trading businesses closed shops.

    Subsistence farming common to the areas was at the crisis as most indigenes of the areas fled, leaving uncultivated farms.

    Stray domestic animals and birds posed unusual sight as thieve and carefree security men prey on them unabatedly.

    However, people in the besieged areas are still in limbo as their wounds are not healed and losses restored, weeks after governor Udom Emmanuel expressed joy over return of peace to the areas and assusrance of rehabilitating the jungle boys.

     

    Bank of Agriculture-Ikot Akpa Nkuk Etim Ekpo local government area Etim Ekpo-Ukanafun local government areas Ikot Ekpene Obong Ntak Obong University Prudent Cooperative Micro-Finance Bank The bank Chairman-Arc. Ubokutom Nyah Ukanafun
    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    straightnewsng.com
    • Website

    Related Posts

    Murder Suspect Docked as Police Exhume Victim’s Corpse in Etim Ekpo

    February 7, 2026 --- 4:36 pm

    CHRAN Opposes Akwa Ibom State Property Tax Bill

    February 5, 2026 --- 3:00 pm

    25 Transformers: Rep Idem Ends Years of Darkness in Two Electricity-Starved LGAs

    January 24, 2026 --- 11:32 pm

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    Opinion

    The Market Basket Manifesto: Why Nigeria’s Prosperity Begins at the Bottom

    By straightnewsng.comFebruary 8, 2026 --- 4:21 pm0

    By Barr. Ephraim Okon, PhD In the hallowed halls of financial analysis and televised economic…

    Police Bust Criminal Black Spots, Arrest 23 Suspects in Ibaka

    February 8, 2026 --- 2:25 pm

    Nigerian Officials have a Culture of Denial – US lawmaker alleges

    February 7, 2026 --- 11:50 pm

    Trump Refuses to Apologise for Depicting Obamas as apes in video

    February 7, 2026 --- 11:32 pm

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • The Market Basket Manifesto: Why Nigeria’s Prosperity Begins at the Bottom
    • Police Bust Criminal Black Spots, Arrest 23 Suspects in Ibaka
    • Nigerian Officials have a Culture of Denial – US lawmaker alleges
    • Trump Refuses to Apologise for Depicting Obamas as apes in video
    • Court Heard How a Facebook User Invoked Ekid Traditional Deities Against Gov Eno
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

    Type above and press Enter to search. Press Esc to cancel.