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Hong Kong authorities have made the city’s largest ever gold smuggling bust, seizing 146kg of the precious metal disguised as machine parts.
The haul is estimated to be worth more than $10m and was intercepted last month on route to Japan.
A 31-year-old man has been arrested and released on bail pending further investigations.
Smuggling is a serious offence and carries up to seven years in jail under Hong Kong law.
Customs officials say they made the discovery while examining two air compressors – departing in a cargo shipment to Japan on 27 March – which drew suspicions due to their unusual texture and weight.
Deputy Speaker of the House of Representatives, Benjamin Kalu, announced on Monday that the house will discuss the recent electricity tariff increase when plenary resumes later this month. Recall, that the hike, approved by NERC, raised prices for Band A customers from N66 to N225 per kilowatt, resulting in a 300% increase for urban areas with 20 hours of power supply. The announcement sparked widespread concern, with fears that it […]
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