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‎Bode Market Inferno: ‘You Are Not Alone,’ Oseni Tells Victims, Donates ₦20m, Seeks FG Intervention

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District in the 2027 general election and member representing Ibarapa East/Ido Federal Constituency in the House of Representatives, Hon. Aderemi Oseni, has donated ₦20 million to victims of the recent fire outbreak at the Bode Traditional Herbs and Other Products Market, popularly known as Iso Alagbo, in Ibadan South-West Local Government Area of Oyo State, while assuring the affected traders of additional intervention from the Federal Government.

‎Oseni made the donation during a sympathy visit to the market on Monday, where he met traders whose shops, traditional herbs, medicinal products and other valuables were destroyed by the devastating inferno. His message of hope and support was contained in a statement issued by his Media Aide, Idowu Ayodele, and made available to journalists in Ibadan.

The federal lawmaker said he visited the scene to personally identify with the victims, describing the incident as a painful tragedy that had wiped out years of hard work and investments, leaving many families devastated and uncertain about their future.

‎”Today, I visited the Bode Traditional Herbs and Other Products Market, popularly known as Iso Alagbo, to personally identify with our fathers, mothers, brothers and sisters who suffered devastating losses in the recent fire incident. Walking through the ruins and listening to the heartbreaking stories of the affected traders was deeply emotional,” Oseni said.

‎According to him, many of the traders watched helplessly as years of sacrifice and labour went up in flames, noting that what the victims lost extended far beyond goods and property.

‎”For many families, what was destroyed was not just merchandise but their means of livelihood and hope for a better tomorrow. I could see the pain in their eyes and hear the despair in their voices. This is a tragedy that calls for compassion and collective support,” he added.

The chairman , House Committee on Federal Roads Maintenance Agency (FERMA) stressed that leadership must be measured not only by words of sympathy but by practical actions capable of restoring hope to people in times of adversity.

‎”In moments like this, leadership must go beyond words of sympathy. It must be demonstrated through compassion, presence and meaningful support. That is why I have come not only to sympathise with the victims but also to stand with them through tangible assistance,” he said.

‎To cushion the immediate hardship occasioned by the disaster, the APC senatorial candidate  donated ₦20 million to the affected traders, acknowledging that while no amount of money could adequately compensate for the huge losses suffered, the intervention was intended to provide immediate relief and help many victims begin the difficult process of rebuilding their businesses.

‎The lawmaker also assured the victims that he would engage relevant authorities at the federal level to facilitate additional intervention for those affected, saying every available avenue would be explored to ensure the traders receive the support needed to recover from the unfortunate incident.

‎”We will continue to engage the appropriate authorities at the federal level to seek additional intervention and support for those affected. We will explore every available avenue to ensure our fathers, mothers, brothers and sisters are not left alone to bear this burden. Together, we will overcome this challenge,” Oseni assured.

‎He commended the resilience of the affected traders despite the painful losses and prayed for divine restoration for every victim.

 “To every trader affected by this unfortunate incident, please know that you are not alone. Your resilience inspires us. I pray that Almighty God grants everyone the strength to recover, restores every loss and continues to protect our communities from tragedies of this nature. By His grace, hope will rise again, businesses will flourish again and brighter days will surely return,” he said.

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FG adds 208MW to national grid, upgrades Ijora, Apapa substations

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The Federal Government has commissioned upgraded transmission substations at Ijora and Apapa Road in Lagos, adding a combined 208 megawatts of bulk transmission capacity to the national grid.

The projects, inaugurated by the Minister of Power, Joseph Tegbe, are expected to boost electricity supply to major industrial, commercial and residential areas across Lagos.

At the Ijora 132/33kV transmission substation, two new 100MVA transformers have raised the installed capacity from 90MVA to 230MVA, providing an additional 112MW of bulk transmission capacity.

The upgrade is expected to improve power supply to Ijora, Costain, Oyingbo, Customs and adjoining communities within the franchise area of the Eko Electricity Distribution Company.

At the Apapa Road transmission substation, two new 60MVA transformers and modern Gas Insulated Switchgear were installed and energised, increasing the facility’s capacity from 60MVA to 180MVA and adding another 96MW to the transmission network.

The Apapa project is considered particularly important because the area hosts major ports, maritime businesses, logistics companies, warehouses and manufacturing industries. The additional capacity is expected to increase the bulk electricity available to EKEDC for distribution to Apapa Causeway, Ijora, Amukoko, Ajegunle, Apapa Wharf, Tin Can Island and surrounding communities.

Speaking at the commissioning, Tegbe said the projects were part of the Federal Government’s efforts to tackle structural challenges in the nation’s electricity sector.

He said expanding transmission capacity was essential to ensuring that electricity generated was effectively delivered to areas where demand was highest.

According to him, rapid population growth, industrial expansion and increased commercial activities had put considerable pressure on existing power infrastructure, resulting in suppressed load and constrained electricity supply.

Tegbe said reliable electricity remained central to Nigeria’s economic transformation, adding that the administration’s ambition of building a $1tn economy could not be achieved without adequate and dependable power supply.

The Managing Director and Chief Executive Officer of the Transmission Company of Nigeria, Sule Ahmed Abdulaziz, described the projects as a significant investment in strengthening the country’s transmission network. He said the Apapa project was supported by the Japan International Cooperation Agency, while the Ijora intervention received support from the World Bank in partnership with TCN.

Abdulaziz called for similar interventions to rehabilitate and upgrade other critical sections of the national transmission network. He said continued investment in the network was necessary to ensure that improvements in power generation translated into better supply for homes and businesses.

The Federal Government said the additional 208MW would improve grid stability and strengthen electricity supply to some of Lagos’ most important commercial and industrial corridors, with the projects expected to support businesses and communities that depend heavily on reliable power.

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Nasarawa, firm sign $2m lithium deal

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Nasarawa State Governor, Abdullahi Sule, on Friday presided over the signing of a $2m supplementary lithium agreement between the state government and Diamond New Energy.

The agreement, signed at the Nasarawa State Governor’s Lodge in Abuja, followed Sule’s recent visit to China and is aimed at securing raw materials for the company’s lithium processing operations in the state.

Speaking at the ceremony, Sule said the agreement would protect the interests of both the state and the company while ensuring that the factory remained operational and workers retained their jobs.

He said, “By keeping your factory operational, we ensure that you continue to get raw material. That is the essence of this agreement.”

The governor added that the state’s decision to secure the necessary licence was also intended to protect its interests in the mining operations.

“We are going to keep your factory functional, and we also have an interest as licence owners in whatever you are doing in your company. More importantly, the people you have employed will remain employed,” Sule said.

The governor urged Diamond New Energy to maintain a peaceful relationship with its host communities and contribute to their development, stressing that the cooperation of the communities was important to the success of the investment.

He further disclosed that payments due to the state under the agreement would be made directly to Nasarawa Mining Company Limited in foreign currency, with the terms subject to periodic review.

Earlier, the Commissioner for Environment and Natural Resources, Margaret Elayo, commended the investors for their commitment to Nasarawa State.

Elayo expressed optimism that the partnership would encourage more investors to consider the state as a destination for mineral development and other investments.

The Managing Director and Chief Executive Officer of the Nasarawa State Investment Development Agency, Ibrahim Abdullahi, said the latest agreement was an extension of the exclusive mining cooperation agreement signed between the state government and the company in 2024.

According to him, the earlier agreement contributed to the completion of what he described as the largest lithium processing refinery in West Africa.

He said the supplementary agreement would further strengthen investor confidence and allow the continued supply of lithium materials from the state government’s mining block to the refinery.

Abdullahi said the arrangement would also create more employment opportunities for youths and women in the state.

“This supplementary agreement gives credence to these issues. It further gives confidence to the investor to do even more within Nasarawa State,” he said.

He added that the agreement would provide an immediate financial benefit to the state, with Nasarawa expected to receive $2m upon signing, while further revenues would accrue according to the terms of the agreement.

A representative of Diamond New Energy, David Siong, said the company remained committed to deepening its operations in Nasarawa State through local processing of mineral resources, job creation and economic development.

Siong said the company believed in the further development and deep processing of Nasarawa’s mineral resources, adding that it looked forward to continued support from the state government.

Also at the ceremony, the Attorney-General and Commissioner for Justice, Isaac Danladi, presented copies of the deed of assignment between Nasarawa Mining Company Limited and Ganfeng Lithium Industry Limited.

Danladi explained that the deed transferred the mining rights and interests of Nasarawa Mining Company within 3.5 mining cadastral units located at Endo, Nasarawa Local Government Area, to Ganfeng Lithium Industry Limited.

He said the transfer followed a review of the terms by the parties involved.

The signing ceremony was witnessed by officials of the state Ministry of Justice, Ministry of Environment and Natural Resources, NASIDA, Diamond New Energy and Ganfeng Lithium Industry Limited.

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ICPC Recommends Prosecution of Alleged Fake Agency DG, Submits Report to Tinubu

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The Independent Corrupt Practices and Other Related Offences Commission has submitted an interim report to President Bola Tinubu on its investigation into the alleged fictitious Presidential Foreign Investment Promotion Council, recommending the prosecution of its alleged Director-General, Adeniyi Adeyemi.

ICPC Chairman, Musa Aliyu, disclosed this on Thursday after a meeting with the President at the Presidential Villa, Abuja, exactly 30 days after Tinubu directed the anti-graft agency to investigate the activities of the council.

Aliyu said preliminary findings showed that Adeyemi was never appointed by the Federal Government, adding that the appointment letter, gazette and other documents used to present the council as a government agency were forged.

According to him, the investigation also uncovered lapses in government verification and oversight mechanisms, which were allegedly exploited to create the impression that the PFIPC was a legitimate agency.

“Our interim report found weaknesses in verification, inter-agency oversight and government processes. Those weaknesses were exploited by Adeniyi, with some level of negligence,” Aliyu said.

He added that the commission found no evidence that any Federal Government funds were approved or released to the purported PFIPC or its related entity.

The ICPC chairman further disclosed that investigators uncovered two other agencies allegedly floated by Adeyemi — the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency and Public Private Partnership. He alleged that forged legislative instruments presented as enabling laws were used to facilitate the opening of bank accounts for the organisations.

Aliyu said the commission had recommended Adeyemi’s prosecution and called for administrative sanctions against public officers whose negligence allegedly allowed the fake agency to operate. He also urged the Federal Government to strengthen internal control systems across Ministries, Departments and Agencies to prevent similar incidents.

He, however, stressed that the report submitted to the President was only an interim one, noting that investigations were ongoing to identify other collaborators and build a stronger criminal case capable of withstanding judicial scrutiny.

The PFIPC controversy came to public attention after the Presidency disowned the council, insisting it was never established by the Federal Government despite appearing in the 2026 Appropriation Act with a budget allocation of ₦1.3bn. The Federal Government has since filed criminal charges against Adeyemi over alleged forgery, impersonation and fraudulent misrepresentation, while separate investigations by the House of Representatives and the ICPC are continuing into how the purported agency operated within government institutions.

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