MAN decries insecurity, celebrates release of abducted Fouani MD

Tobi Awodipe

The umbrella body of all manufacturers in Nigeria, the Manufacturers Association of Nigeria (MAN), has once again decried the rampant insecurity in the country and expressed sadness and worry over the recent kidnapping of the Managing Director of Fouani Group, a member of the Association.

According to MAN’s Director-General, Segun Ajayi-Kadir, the incident, which occurred over the weekend, left the entire manufacturing community shocked and concerned about the safety of the victims and its workforce.

The DG said the association, on receiving the news of the unfortunate incident, made contact with relevant authorities, including security agencies, to express its concerns and to reaffirm its confidence in the ability of the agencies to rescue them.

He said, “We are glad that the efforts of the security agencies paid off and yielded results without casualties among the victims. MAN commends the security agencies for the safe release of Mr. Fouani.”

He urged renewed efforts to tackle the rising cases of kidnapping and insecurity in the country, as it poses a significant threat to the business community and the overall economic development of Nigeria.

He added that if not checked, incidents such as this will further erode investor confidence in the economy and again jeopardize the efforts of the present administration in repositioning the economy for growth.

He also extended solidarity and felicitations to the family and colleagues of Fouani over the release.

“The association remains concerned about the safety and well-being of its members and will continue to collaborate with authorities to address security challenges facing the operators in the manufacturing sector in particular and the nation in general,” he concluded.