News
CBN House Of Horror: Multi-billion Naira Property Turns Hideout for Hoodlums, Rapists and Wild Animals in Ibadan.
Published
9 years agoon
*Community Cries Out for help.
These properties were built with public funds. Today, most Federal Government Properties in Nigeria are either abandoned or underused. These national statues are now in ruins and threats to security. Some of these abandoned properties have been hijacked by weeds, rodents, wild animals and reptiles, while also serves as abodes for hoodlums, miscreants, armed robbers, kidnappers and the likes, this is exactly the true picture of the Central Bank of Nigeria property at Owode Estate, Apata, Ibadan, in Ido Local Government Area of Oyo State.
The multi-billion naira property in question owned by the Central Bank of Nigeria has been abandoned for over two decades. Mega Icon Magazine investigations revealed that the property was designed and aimed at providing housing scheme to the staff of CBN. It was also established that the speedily completed Quarters had never accommodated any occupant, even for once, up till date.
Visit to this abandoned, neglected site shows the parlous, pathetic and deplorable situation of the property that could have accommodated an estimated figure of about 10,000 people conveniently.
subsequent to the total neglect and insensitivity of the Federal Government, the property now poses great security risks to residents of the community.
Speaking with one of the community leaders, Deacon Idowu Aladejobi expresses his displeasure about this ugly situation. Aladejobi further stated that the abandoned property has constituted security risks to the community, “we discovered that CBN normally come to the site to burn their refuse (currencies) almost on a daily basis, which is an environmental hazard and injurious to the community.
He stated that the property has also been turned in to a safe haven by rapists who hide in the bushy environment to lure and rape their daughters with reckless abandonment.


Abandoned CBN Quarters housing decayed buildings at Owode Estate, Ibadan.
According to him, men of the underworld also use the abandoned property as hideout to strategize and plan on how to carry out their evil operations, “they always come out of the place to attack and rob the community, this is very dishearten”, he lamented.
Though, one would bewildered with the ease at which CBN abandons its assets to decay still baffles many, other people perceive the problem as misapplied, misconceived, wrongly executed policies and absence of complete honesty in the management.
Stressing further , Aladejobi said the community has taken bold steps by writing the CBN consistently, both the Ibadan Branch and Headquarters in Abuja to curtail this malady.
“ Even former governors of the Bank, Professor Soludo and Mr. Sanusi also came to inspect the property, we thought when they came, they would be able to address the issue, but unfortunately, it is to no avail”, he decried.
He advised the CBN to investigate and appraise the matter, probably release the property to the Local Government, State Government or better still, sell to private individuals, so as to meet other community needs and serve the people.
In a related development, a former President of the Association, Pa. Lawrence Abayomi Kupoluyi make plain the rich history of the abandoned CBN property that should have make the deserted project stand out as a national monument or major source of revenue, but suffers neglect or underutilization.
Kupoluyi in his reaction said that the community had taken several steps to ensure that the place is turned to a useful legacy, “we had written letters to CBN and Housing Corporation on this issue, yet nothing has been done, it is inhuman, our hope is dashed as the residents suffer neglect, we have been dehumanized”, he lamented.

Access road leading to the abandoned property.
Mega Icon Magazine learnt that the abandoned property has been turned to a game reserve where wild animals, including python dwell while corpses are buried at the place since there is nobody to challenge those people who have turned the place into a grave yard.
“A former Nigerian diplomat son, Ambassador Maiyaki was brutally attacked in the Estate by hoodlums who use the site as a hideout and since then, the man had never returned to Nigeria, he is psychologically affected”, another aggrieved resident declared.
Mega Icon Magazine checks further unearthed that different investors had approached the CBN, including Universities, but they never responded.
The leaders, however called on the Oyo State Government and relevant authorities to come to their rescue and save the community before it is too late.
By Idowu Ayodele.
Related
News
Kano Assembly Moves to Impeach Deputy Governor Gwarzo Over ₦1.6bn Alleged Fraud
Published
2 days agoon
March 5, 2026By
adminThe Kano State House of Assembly has initiated impeachment proceedings against Deputy Governor Aminu Abdussalam Gwarzo over allegations of gross misconduct, abuse of office, and breach of public trust.
The notice was presented yesterday during plenary by the Majority Leader, Lawan Hussaini Dala, who said the action follows Section 188 of the 1999 Constitution of the Federal Republic of Nigeria.
Dala said the allegations stem from Abdussalam’s tenure as Commissioner for Local Government (2023–2024) and his current role as deputy governor. He accused the deputy governor of diverting funds meant for the 44 local government councils.
According to the majority leader, Abdussalam allegedly received N1.5 million monthly from each council between June 2023 and January 2024, totaling N462 million. Between February and July 2024, he allegedly collected N3.255 million monthly from each council under the guise of special assignments, amounting to N726 million.
Dala also accused the deputy governor of abuse of office, claiming he facilitated payments of N10 million from each council to NovoMed Pharmaceuticals Limited, totaling N440 million, in violation of state procurement laws.
“The misuse of official capacity to confer undue advantage constitutes abuse of power and undermines public trust,” Dala told lawmakers, adding that the allegations amount to gross misconduct under the Constitution.
The impeachment notice was reportedly endorsed by 38 lawmakers, meeting the constitutional threshold to proceed. The Speaker has acknowledged receipt, and the House is expected to serve the allegations on the deputy governor.
If approved, a panel may be constituted by the state Chief Judge to investigate the claims.
As of filing, Abdussalam had yet to respond publicly to the allegations.
Related
News
IGP Inaugurates State Police Committee, Gives Four-Week Deadline
Published
3 days agoon
March 4, 2026By
adminThe Inspector-General of Police, Tunji Disu, on Wednesday inaugurated a seven-member committee on the establishment of state police, giving it four weeks to submit its report.
The inauguration was held during his maiden conference with senior police officers at the Peacekeeping Conference Centre, Force Headquarters, Abuja.
Charging members of the panel to discharge their duties with professionalism and objectivity, Disu described the assignment as “both significant and timely,” noting that it would shape the framework through which state policing may operate in Nigeria.
“In carrying out this assignment, your deliberations must be guided by professionalism, objectivity, and a clear appreciation of the unique complexities of policing a diverse nation such as our own,” the IGP said.
He stated that if properly designed and effectively implemented, state policing holds significant potential benefits for the country.
“By bringing law enforcement closer to communities, state police institutions can deepen local knowledge of security dynamics and enable quicker and more targeted responses to emerging threats,” he added.
The committee is expected to review existing policing models within and outside Nigeria, assess community security needs and emerging risks, and propose an operational framework for the establishment and coordination of state police structures.
It will also address issues relating to recruitment, training, standards and resource allocation, as well as develop accountability and oversight mechanisms to ensure professionalism and public trust.
The panel is chaired by Olu Ogunsakin, with Bode Ojajuni as secretary. Other members are Emmanuel Ojukwu, Okebechi Agora, Suleyman Gulma, Ikechukwu Okafor and Tolulope Ipinmisho.
Disu said the committee had about four weeks to conclude its assignment and submit a comprehensive report.
The move marks one of the first major steps taken by the new police chief since his appointment and confirmation a few days ago.
The development comes amid rising security concerns across the country, with several stakeholders advocating state policing as part of measures to tackle insecurity.
President Bola Tinubu had earlier asked the National Assembly to commence the process of amending relevant laws to pave the way for the creation of state police.
Related
News
Tinubu swears in Disu as IGP, inaugurates RMAFC, FCSC commissioners
Published
3 days agoon
March 4, 2026By
adminPresident Bola Tinubu on Wednesday swore in Olatunji Disu as the Inspector-General of Police (IGP).
Disu took the oath of office at the Council Chamber of the Presidential Villa, Abuja, shortly before the commencement of the Federal Executive Council (FEC) meeting.
The President also administered the oath of office to six commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and two commissioners of the Federal Civil Service Commission (FCSC).
The ceremonies were witnessed by ministers, senior government officials and family members of the appointees.
The council meeting began shortly after the swearing-in.
In attendance were Vice President Kashim Shettima; the Secretary to the Government of the Federation, Senator George Akume; the Chief of Staff to the President, Femi Gbajabiamila; the National Security Adviser (NSA), Nuhu Ribadu; and the Head of the Civil Service of the Federation, Mrs EsthMrs.Walson-Jack.
Disu was appointed acting IGP on February 25, 2026, by President Tinubu, following the resignation of former IGP Kayode Egbetokun.
His appointment was subsequently endorsed by the Nigeria Police Council (NPC).
The former Assistant Inspector-General of Police assumed office last Wednesday.
He previously served as Assistant Inspector-General in charge of the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos, after his promotion to the rank last year.
A former head of the Lagos Rapid Response Squad (RRS), Disu has pledged to deliver accountable, modern and professional policing.
Related
Advertisement
Entertainment
Adekunle Gold, Simi welcome twins
Ayefele drops new album, Reflections
Reggae Legend, Jimmy Cliff, Dies At 81
Photos: Davido blows $3.7m on lavish Miami white wedding for Chioma
FAAN probes K1 for spilling alcohol on airport officer during boarding
Odunlade Adekola loses father
MegaIcon Magazine Facebook Page
MEGAICON TV
Advertisement
Trending
-
Politics4 days agoIbarapa East Assembly Hopeful, Ramon Congratulates Ajiboye, Says Emergence Good for Oyo APC
-
Politics1 week agoMakinde: My Successor Must Be Loyal to Oyo, Not Me
-
Politics4 days ago2027: Former Oyo Deputy Governor Adeyemo Emerges APC Chairman (See Full List)
-
News3 days agoNERC orders DisCos to refund ₦20.33bn meter costs to customers