By Dennis Isong In his acceptance speech, Hon Mudashiru Obasa, the Speaker of the House of Assembly in the state, emphasised that Lagos is Yoruba Land. He also expressed the commitment of the lawmakers to introduce legislation that safeguards the rights of the indigenes, even if it entails reversing existing laws. Lagos, being the vibrant economic hub of Nigeria, attracts individuals from all corners of the country who are in pursuit of opportunities, growth, and an improved quality of life. As someone who is not originally from Lagos, you may have concerns about the security of your property rights in…
Author: Funke
The strategic position of Lagos State as the economic hub of Nigeria and the West Africa region confer certain responsibilities on the state that is as emerging smart city. Among these responsibilities is the need to adopt a more friendly environmental policies to tackle the issues of pollution, flood and also guarantee a healthy society amongst others. The Lagos State Environmental Protection Agency, LASEPA, being the agency of government with the mandate of protecting and improving the environment, by providing environmental friendly solutions to varied environmental challenges was established on the 1st of November, 1996, under LASEPA Edict No9 of…
A joint security operation carried out by the Nigerian Army, Nigerian Navy, Nigeria Police, Department of State Services, and the Nigerian Security and Civil Defence Corps, on Thursday, launched a full-scale manhunt for a notorious criminal gang in Kogi State, led by one Kabir Bala. Addressing a press conference at the headquarters of the Kogi State Police Command in Lokoja, the Commissioner of Police in the state, CP Akeem Yusuf, narrated how Bala, popularly known as Okwo and his gang members opened fire on a joint security team at about 4:30a.m on Thursday upon sighting the operatives. Yusuf disclosed that…
The Inspector General of Police, Acting IGP Olukayode Adeolu Egbetokun, on 21st June, 2023 assumed duty as the Inspector General of Police of the Federal Republic of Nigeria. This development was communicated by the Nigeria’s Police Force Spokesperson, CSP. Olumuyiwa Adejobi in a statement on Wednesday. According to him, the Police boss was appointed by the President and Commander-in-Chief of the Armed Forces, President Bola Ahmed Tinubu, on 19th June, 2023. IGP Egbetokun in acting capacity takes over from IGP Usman Alkali Baba, who retired after 35 years of meritorious service to the nation. Meanwhile, the handing/taking over of leadership…
Since its grand entrance into the Nigerian banking sector, PremiumTrust Bank has sent tongues wagging on the issue of ownership structure. Licensed by the Central Bank of Nigeria in December 2021 to operate as a Commercial Bank in Nigeria, but officially opened for business in Port-Harcourt, Rivers State on the 19th of April 2022. Two other branches were opened in quick succession in line with the Bank’s branch expansion strategy. Subsequently, on the 30th of May 2022, the Bank opened its 4th branch along Mariam Babangida Way, Asaba, Delta State. The branch was dedicated and declared open by the General…
President Bola Ahmed Tinubu has on Monday approved the immediate retirement of all Service Chiefs and the Inspector-General of Police, Advisers, Comptroller-General of Customs from Service as well as their replacements with immediate effect. This information was communicated by Willie Bassey, Director, Information, on behalf of Secretary to the Government of the Federation. The newly appointed Officers are:S/N NAME APPOINTMENTS1 Mallam Nuhu Ribadu National Security Adviser2 Maj. Gen. CG Musa Chief of Defence Staff3 Major TA Lagbaja Chief of Army Staff4 Rear Admiral EA Ogalla Chief of Naval Staff5 AVM HB Abubakar Chief of Air Staff6 DIG Kayode Egbetokun Acting…
By Dennis Isong Nigeria, being one of the largest oil-producing countries in Africa, has historically implemented fuel subsidies to alleviate the financial burden on its citizens and ensure affordable energy costs. However, the effects of fuel subsidies extend beyond the energy sector, with potential repercussions on various industries, including real estate. This article explores the impact of fuel subsidy on the real estate market in Nigeria, analysing both positive and negative implications. 1) INCREASE IN CONSTRUCTION COSTS Fuel subsidies significantly affect the cost of construction materials, transportation, and machinery used in the real estate sector. With subsidised fuel prices, the…
Hope of increase food supply and hunger reduction across West African rises as experts across West Africa states and Sahel Savannah region are currently in Abuja for a two-day meeting to deliberate on the prevention of food crisis and malnutrition in the region. Dr. Abdou Ali, Head of Information and Relationship Department, Agricultural and Hydro Metrology (AGRHYMET regional centre), while speaking with newsmen said that the meeting was crucial to the region. According to him, the meeting was to brainstorm on response to food and nutrition situation in West Africa and Sahel, and to have big initiation on having abundant…
Abdulrasheed Bawa
Globus Bank Limited, one of the new entrants into the Nigerian banking sector, led by Peter Amangbo as chairman and Elias Igbinakenzua as its chief executive officer, is in the news for the wrong reason, THE WITNESS reports. The bank has filed an application before a Lagos high court seeking an order for recovery of a total sum of N962,019,843.35 fraudulently transferred electronically from its vault into accounts domiciled in eight commercial banks. The N962m is part of the total N1,755,376,156.34 transferred from the bank between Monday 6th and Saturday 11th of June 2022. The bank has already recovered the…