Oyo Denies Plans To Revoke Land At Ajoda New Town

  The Oyo State Housing Corporation has denied allegations that it intends to revoke any land on the Ajoda new town estate, Ibadan from encroachers. Some illegal occupants on the land, accused the corporation of intention to revoke their parcels of land. In a press briefing on Wednesday, the Corporation’s chairman, Demola Omotosho said contrary to what was being portrayed, about 4,000 encroachers have been identified. According to the Chairman, the encroachers breached every provision as contained in the Act that established the corporation. He said contrary to insinuations, the encroachers bought land on the estate, without government’s approval from swindlers, who are could not provide land titles to them. Mr. Omotosho however added that the Corporation, through the magnanimity of the Governor, is making provisions to incorporate the encroachers, numbering over 4,000 in its development plan. “Over 4,000 encroachers are in Ajoda new town, as we speak. They bought land from fictitious people who could not give them land titles. Magnanimously, the corporation will incorporate them in the scheme, so they can become official tenants of the corporation.” The Chairman insisted that the corporation is set to rejig the allocations on the estate, in the interest of the corporation and its allotees. “There are so many challenges we are facing in developing the estate, but we will surmount them, as they come. However, we do not intend to revoke allotees, rather there will be a resettlement.”, he said. “Allotees holding on to allocations, like souvenirs will not allow estates to develop, anywhere in the world. The Law that sets up OYHC, is emphatic on that…you lose your land if you refuse to develop. Some of them bought lands, as far back as 14-15 years of not developing their land. Some who have not paid statutory amounts to be paid, actually stand risk of losing their allocations.” Omotosho said according to the Act of Oyo State House of Assembly that established the corporation, it’s primary duty is to build affordable homes for the public. He said the Corporation is making efforts to build more affordable houses in all estates across Oyo, Iseyin, Ogbomoso, Saki, Okeho and Ibarapa. “We want to do more to achieve this core assignment. We came up with a vision to build more affordable houses in all estates across Oyo, Iseyin, Ogbomoso, Saki Okeho and Ibarapa”, he said. Starting with Ibadan, Mr. Omotosho said the Corporation intends to build Two thousand, five hundred (2,500) housing units within one year at Ajoda new town. He said the estate is specially located at the dove tail of the circular road, while the Ibadan airport, which is experiencing an upgrade is about 8-10mins drive from the Ajoda new town. Speaking on the history of the estate, Omotosho said Ajoda new town was established 47 years ago by former military administrator, Gen. David Jembewon. He said the Ajoda New town estate, is sitting on 5,000 hectres of land, but has been encroached by land grabbers. Mr. Omotosho therefore said the Corporation will leverage on the vast land in Ajoda, by laying foundation for Ajoda-Gulf estate, which will attract elites to the estate. He said the estate will come with a Gulf school, and a Gulf course, as well as a recreational park. Mr. Omotosho said in few weeks, the corporation will build a shopping mall at Olubadan estate, opposite Gbagi market with over 300 lock up shops. He applauded Governor Seyi Makinde for developing Oyo State, and improving the economy of the State, especially the capital city. Omotosho added that the previous leadership at the corporation opened up Ajoda new town with tarred roads, hinting that “this gave us the impetus to develop the Ajoda new town estate, further.” “Beautiful estates have sprung up in Oyo State, and these are in efforts to grow the State”, he said. He therefore solicited the support of all stakeholders to disseminate the information, adding that the corporation is keen on providing affordable houses.

Couple Arraigned In Court Over Alleged Abuse Of Two Toddlers In Adamawa

  A 28-year-old woman, Fatima Abubakar, and her husband, Abubakar Yuguda, have been charged to court by the Adamawa State Police Command for alleged criminal conspiracy and cruelty to persons. The arraignment followed the arrest of the couple by the police over the allegation of continuous physical abuse of two minors in their custody The victims, identified as Hafsat Abubakar, aged two, and Usman Abubakar, four years old, are siblings. Thenewsbearer learnt that the couple, residents of Sanda, Makama B Ward in Yola South Local Government Area, were reported by concerned neighbours regarding the continuous physical abuse of two minors, as they were frequently subjected to severe maltreatment by Fatima, their stepmother, before their rescue by the police. It was gathered by Thenewsbearer that after their arrest, both suspects confessed to the crime and were promptly charged to Chief Magistrates Court 2, Jimeta. The police spokesman, SP Suleiman Yahaya Nguroje, said in a statement that the Commissioner of Police, Morris Dankombo, reiterated the command’s commitment to protecting vulnerable members of the society, especially children, and ensuring that perpetrators face justice. He urged the public to always promptly report any incident of abuse to police.

Lagos Govt Sets To Ban Pure Water, Single-Use Plastics, Others

  The Lagos State Government has announced plan to ban the circulation of single-use plastics and sachet water starting January 2025. The Commissioner for the Environment and Water Resources, Tokunbo Wahab, confirmed the upcoming ban during a stakeholders’ workshop on implementing the ban on Styrofoam and single-use plastics (SUPs) for packaging. The move is part of the government’s strategy to introduce policy guidelines for managing plastic waste, whose goal is to create a healthier and more sustainable environment. However, stakeholders have urged the government to consider a phased implementation rather than an outright ban. They believe this will ensure better compliance and ease the burden during current economic challenges. Mosaku Ololade, Chairperson of the Lagos chapter of the Association for Table Water Producers of Nigeria (ATWAP), emphasised the association’s willingness to cooperate with the government. “We’ve been engaging with the state government and educating our members on the planned ban,” Ololade said. She added that ATWAP has over 2,000 members in Lagos employing more than 10,000 workers and called on the government to phase in the ban to give businesses enough time to adapt. “There are many measures that need to be in place before full enforcement,” she noted. Recall that Lagos State had earlier banned the use of Styrofoam in government establishments and across the metropolis in January 2024. This decision followed the rising issue of plastic waste and its harmful effects on the environment.

Petrol To Cost N991.21/Litre As NNPC Quits Off-Taker Role

  Nigerians will soon face an increase in petrol prices due to the Nigerian National Petroleum Company Limited (NNPC Ltd) decision to terminate its exclusive purchase agreement with Dangote Refinery, PREMIUM TIMES has learnt. According to a Premium Motor Spirit (PMS) data pricing framework across eight Nigerian cities, obtained from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the price of petrol at retail outlets nationwide is set to rise to at least N991.21/litre from the current N897/litre. A data review indicates that in Abuja, the nation’s capital city, petrol may sell as high as N1,029.01 in retail outlets. The price of petrol in Lagos may rise to N991.21 per litre, N1,040.31 in Kano, and N1,007.35 in Calabar. The product would sell for an average of N1,045.72 per litre in fuel stations in Sokoto, N1,059.39 in Maiduguri, N999.27 in Ibadan, and N1,022.63 in Enugu. Earlier on Monday, this newspaper exclusively reported that the Nigerian National Petroleum Company Limited (NNPC Ltd) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery. Dangote Refinery This means the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery. This development aligns with the current practices for fully deregulated products, where refineries can sell directly to marketers on a willing buyer, willing seller basis. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) document, obtained from sources at the agency, provides insight into the subsidy payment differentials paid by NNPC in major Nigerian cities and what Nigerians may pay at the pump in the absence of the subsidy arrangement. The NMDPRA is the agency responsible for regulating midstream and downstream petroleum operations in Nigeria, including technical, operational, and commercial activities. Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) The Premium Motor Spirit (PMS) data pricing framework, based on ten trading days weighted averages from 23 September to 4 October 2024, showed that the NNPC was paying an average estimated differential of N134.5 per litre in the eight cities. Following NNPC’s decision to quit its sole off-taker role with Dangote Refinery, indicative pump prices are expected to become effective at fuel stations nationwide, as subsidy payment will no longer be in place. Although the expected price hike is not static and won’t be dictated by government agencies, the NMDPRA data provides insights into possible pump prices. Details of post-subsidy indicative pump prices In all the cities the document referred to, the average NAFEM FX rate used to calculate the pump price was N1,604.89/USD. In Lagos State, the indicative pump price is N991.21, while the actual NNPC pump price is N855 per litre. This indicates that NNPC pays about N136.21 as its estimated differential price. In Abuja, the indicative pump price is N1,029.01 while the actual pump price is N897 per litre, meaning that the NNPC pays about N132.01 as an estimated differential. For Kano, the indicative pump price is N1,040.31 per litre, while the actual pump price is N904, indicating an estimated differential price of N136.31. In Calabar, the indicative pump price is N1,007.35; the actual pump price is N885 per litre, and the estimated differential price is N122.35. In Sokoto, the indicative pump price is N1,045.72 per litre, while the actual pump price is N904, indicating an estimated differential of N141.72. In Maiduguri, the indicative pump price is N1,059.39, while the actual pump price is N924, indicating an estimated differential of N135.39. In Ibadan, the indicative pump price is N999.27 per litre while the actual pump price is N865, and the estimated differential price is N134.27. Enugu’s indicative pump price is N1,022.63, the actual pump price is N885 per litre, and the estimated differential price is N137.63. While the FX rate remains constant in the cities, this newspaper observed price differences in the domestic pump prices in each city based on their distance to Lagos, the nation’s economic hub where the Dangote Refinery is located. Sources told PREMIUM TIMES on Monday that the pump price may even be higher than estimated, depending on crude oil prices and prevailing foreign exchange rates. The NNPC had claimed in September that it was buying petrol from Dangote Refinery at N898.78 per litre and selling to marketers at N765.99 per litre, shouldering a subsidy of almost N133 per litre. The NNPC lifted about 103 million litres of petrol from Dangote Refinery between September 15 and 30. During the period under review, the refinery loaded 2,207 of the 3,621 trucks sent to it. Records seen by PREMIUM TIMES show that the vehicles conveyed just 102,973,025 litres of the planned 400,000,000 litres of petrol earmarked to be lifted from the refinery at 25 million litres per day, translating to a 26 per cent performance. Background On 15 September, the NNPC began loading petrol from the Dangote Refinery. On 26 September, the House of Representatives called on the federal government to mandate the NNPC Ltd and Dangote Refinery to allow independent marketers to lift petrol directly from the refinery. The lower chamber also urged Dangote Refinery’s management to build, acquire, or partner to establish tank farms or depots across the country’s geopolitical zones to ease the public’s access to petroleum products. This call followed a motion of urgent public importance moved on Thursday by Oboku Oforji (PDP, Bayelsa). Moving the motion, Mr Oforji explained that excluding independent marketers threatened competition in the sector. He noted that competition is essential for reducing costs, adding that some marketers may import products to survive. “NNPCL and the major marketers being the exclusive off-takers spells monopoly, which is tantamount to greed. This is the same NNPC Ltd that has failed to manage our crude and refineries for decades,” the lawmaker said. Those familiar with the matter told PREMIUM TIMES that NNPC is now set to withdraw as the sole off-taker to allow other marketers to directly purchase petrol from Dangote Refinery at the prevailing … Read more

21 feared dead, 11 Rescued As Boats Collide In Lagos

  About 21 passengers are feared dead in a boat accident that occurred at Imore town in the Amuwo-Odofin area of Lagos State. The state police spokesperson, SP Benjamin Hundeyin, confirmed this on Tuesday in Lagos. Mr Hundeyin said that the police received a distress call about the accident on Monday. He said, “A distress call was received at Ilashe Division that two unregistered passenger boats, both having 16 passengers onboard, collided at the middle of the lagoon at Imore Town. In the process, the boats capsized and passengers got drowned with the goods.’’ The spokesperson said that emergency responders consequently stormed the scene. “Teams of conventional/marine policemen, local divers and other emergency responders were swiftly mobilised to the scene where 11 of the passengers were rescued with injuries. The injured were rushed to the Navy Hospital, Navy Town, Alakija, for medical attention, while search and rescue operation is being intensified with a view to recovering bodies of victims,” the spokesperson said. According to him, investigation is ongoing in the matter.

Oyo Assembly Receives Makinde’s Supplementary Budget

  The Oyo State House of Assembly has taken the first reading of the Finance Bill, 2024 of the supplementary budget of seven nine billion, seven hundred and thirty million naira (N79,730,000,00:00) only. The bill was read on Tuesday the plenary session presided over by the Speaker, Hon. Adebo Ogundoyin. The House also considered the first reading of Oyo State Supplementary Appropriation Realignment Bill, 2024. The bills were contained in the two letters forwarded to the House by Governor Seyi Makinde. Hon. Ogundoyin said the supplementary and realignment became necessary to address emerging priorities in the context of the current economic challenges and ensure effective implementation of critical key projects across the state. According to him, it will also take cognizance of the payment of the newly approved minimum for the state civil and public service. If the supplementary budget eventually passed, the 2024 budget will now increase from four hundred and thirty-eight billion, four hundred and forty-seven million, eight hundred and seventy-eight thousand, five hundred and forty-eight naira, thirty-nine kobo only (#438,447,878,548.39) to five hundred and seventeen billion, seven hundred and eighty-four million, eight hundred and seventy-eight thousand, five hundred and forty-eight naira, thirty-nine kobo only (#517,784,878,548:39) for both recurrent and capital expenditures Meanwhile, some of the Ministries, Departments and Parastatals (MDAs) featured in the supplementary budget realignment include Fire Service Agency, Ibadan Urban Flood Management Project, Oyo State Agribusiness Development Agency, Sustainable Development Goals, and Ministry of Education, Science and Technology. Others are Emmanuel Alayande University of Education, Oyo, First Technical University, Oke-Ogun Polytechnic, Saki, Ministry of Health, Oyo State Road Maintenance Agency, Water Corporation of Oyo State, the Judiciary, Ministry of Environment and Natural Resources among others.

CBN Stands Firm In Support Of GTCO, Reassures Public On Safety Of Bank Deposits

  In a strong display of support for Guaranty Trust Holding Company (GTCO) and to counter unfounded allegations circulating in the media, the Central Bank of Nigeria (CBN) issued a press release today, reaffirming the safety of deposits held in Nigerian banks. The statement, titled “CBN Reaffirms Commitment to Financial System Stability, Safety of Depositors’ Funds,” was signed by the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali. It opens with a resolute assurance to the public: “The Central Bank of Nigeria (CBN) wishes to reassure the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system.” The release emphasizes the importance of maintaining public confidence in banking operations, declaring that “all deposits in Nigerian banks are secure.” It outlines the CBN’s active role in ensuring that financial institutions adhere to established regulations and best practices, which are essential for preserving the integrity of the financial system. Regular stress testing is conducted to identify potential vulnerabilities, thereby reinforcing the resilience of banks in the country. To fulfill its oversight responsibilities, the CBN elaborates on its comprehensive monitoring of licensed banks in Nigeria and their offshore operations. The statement notes, “In addition, the CBN has implemented Early Warning Systems that proactively detect and address emerging risks, allowing us to provide timely solutions to any foreseen issues.” The Bank employs a Risk-Based Supervision approach, focusing regulatory efforts on institutions that may pose the highest risk to the financial system. This targeted strategy aims to maintain robust oversight while promoting the overall health of the banking sector. Moreover, the CBN has established Memoranda of Understanding with various countries where subsidiaries of Nigerian banks operate. This collaboration enhances regulatory coordination, ensuring that these banks function within a safe and sound framework, complying with both domestic and international banking regulations. In conclusion, Mrs. Sidi Ali emphasized the CBN’s commitment to creating a secure banking environment, stating, “The CBN remains dedicated to fostering a secure banking environment where depositors can be fully confident in the safety of their funds. It will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in our financial system.”

Nigerians May Pay N10million For Hajj As Tinubu Government Ends Subsidy For 2025 Pilgrimage

  The National Hajj Commission of Nigeria (NAHCON) has announced that the President Bola Tinubu-led federal government will no longer subsidise hajj payments for pilgrims starting in 2025, marking the end of the long-standing concessionary exchange rate offered by the Central Bank of Nigeria (CBN). This development is expected to drive hajj fares up significantly, potentially reaching N10 million per pilgrim. Previously, the subsidy allowed pilgrims to access U.S. dollars at a reduced rate, easing the financial burden of the pilgrimage. However, with the naira currently valued at N1,650 to a dollar and the standard hajj fare at approximately $6,000, the cost for each pilgrim could rise to N10 million if the exchange rate holds. In a statement released by NAHCON spokesperson Fatima Sanda Usara, the commission confirmed that for the 2025 hajj, “There will be no concessionary exchange rate from the government for Hajj fare payment for pilgrims whether under state or private Hajj operators.” While NAHCON has yet to announce the official hajj fare for 2025, several state pilgrim welfare boards have already begun advising intending pilgrims to make initial deposits of N8.5 million in anticipation of the price increase. Meanwhile, NAHCON has also announced a refund of 64,682 Nigerian pilgrims who participated in the 2023 hajj, amounting to 150 Saudi Riyal each. This revelation was made during a virtual meeting between NAHCON and the Private Tour Operators (PTOs), chaired by NAHCON’s Commissioner of Operations, Prince Anofi Olanrewaju Elegushi. In further developments, Saudi Arabia’s Ministry of Hajj and Umrah has reduced the number of approved PTOs from 20 to 10, and each company is now required to register a minimum of 2,000 pilgrims to secure hajj visas. The Commissioner of Operations informed PTO members that NAHCON’s Executive Council has approved the option of using a bank guarantee to fulfill the N40 million caution deposit requirement for the 2025 Hajj. Operators who have already made a cash deposit but prefer to use a bank guarantee are invited to request a refund of their earlier cash deposit and submit the bank guarantee instead. He further clarified that contrary to claims that NAHCON owes PTOs N17 billion from the N25 million caution deposit for the 2024 Hajj, the commission only received N2.75 billion from 110 companies that registered for the 2024 Hajj. This amount included a rollover of N1.25 billion from the previous year. Of this, 30 companies requested refunds totaling N750 million, which has already been paid. However, the remaining N750 million is still held by the commission for undecided PTOs.

NCC Alerts Telecom Subscribers To Beware Of Unauthorized Hotspot Sharing

  The Nigerian Communications Commission (NCC) has issued a crucial warning to telecom subscribers, urging them to exercise caution when sharing their phone’s hotspot with others. In a notice posted on its official Facebook page on Monday, the NCC emphasized the importance of being mindful of who has access to one’s hotspot. According to the regulatory body, unauthorized hotspot sharing can lead to rapid data depletion. “If you notice your data depleting faster than usual, it may be due to unauthorized hotspot usage,” the NCC warned. The commission’s alert aims to educate subscribers on the potential risks associated with sharing their hotspot without proper authorization. To avoid data exhaustion and potential security breaches, the NCC advises subscribers to: 1. Be cautious when sharing hotspot credentials. 2. Regularly monitor data usage. 3. Set strong passwords for hotspot access. By taking these precautions, subscribers can safeguard their data and maintain control over their mobile connections. The NCC’s warning underscores its commitment to protecting telecom subscribers’ interests and promoting responsible mobile usage in Nigeria. “Your data seems to have vanished fast?

Police Arrest Wanted Alleged Rapist Of TASUED Female Students In Ogun

  The Ogun state police command has confirmed the arrest of a 33-year-old man, Olayemi Shedrack who had been on its wanted list, for the alleged r@pe of some female students of the state-owned Tai Solarin University of Education, Ijagun after robbing them of valuables. In a statement released, the spokesperson of the command, Omolola Odutola, revealed that the suspect was apprehended in Ijagun through useful information from members of the public while trying to blend with the crowd. “Acting on a tip-off, Olayemi Olawale Shedrack, aged 33, was spotted in Ijagun attempting to blend in with the crowd, but his true identity was verified through intelligence sources. The police were promptly informed and he was promptly arrested. Olayemi Olawale Shedrack has been on police trail for his involvement in armed robbery and sexual assault, he was identified as the main suspect in a reported incident of armed robbery and rape that took place on July 21, 2024. During this crime, he and his accomplices unlawfully entered the female Royal villa accommodation area at Tai University of Education in Ijagun. They stole valuable educational items such as laptops, iPhones, sports watches, and cash from female students, and also committed sexual assault before fleeing the scene”she said She said that a preliminary investigation has been launched and the suspect has been taken to the Igbeba police station, Ijebu-Ode for interrogation. “The public can be assured that the suspect will soon be transferred to the State Criminal Investigation Department for thorough investigation and prosecution. The commissioner of Police, Alamutu Abiodun is aware of the arrest and has ordered the apprehension of Shedrack’s accomplices, he also appeals to the residents of Ijagun to provide credible information to help the police arrest other fleeing criminals” the statement concluded