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IBADAN: Real Reason Why Odu’a Investment Shut Down Lafia Hotels

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THE Management of Odu’a Conglomerate Limited, has shut down, one of its three hospitality concerns called Lafia Hotel, located along Abeokuta road in Apata, Ibadan, Oyo State.

The company’s Head of Corporate Affairs, Mr Victor Ayetoro, who recently, through a statement hinted that the closure became imperative following the directive of the Odu’a Board/Shareholders to put a stop to the recurring losses being incurred by the hotels in the group over time to salvage the legacy of the heritage bequeathed by their forebears.

The hotels, as learnt have been struggling with inability to meet up with their financial obligations which include among others; backlog of workers’ salaries, huge debts to creditors, non-remittance of statutory commitments such as VAT, WHT utility bills amongst others.

Also, Mega Icon Magazine reliably gathered that Odu’a Investment Co. Ltd, the sole owner of the hotels had on many occasions came to the rescue of the hotels by releasing funds for renovation purposes and settling some of the outstanding hotel debts/statutory obligations which had been the experience in the past years without any significant improvement in the fortunes of the hotels.

Ayetoro informed that the move kickstarts a new strategy to reposition the hotels in the conglomerate’s chain.

The statement reads: “Odu’a Investment Co. Ltd, which is the sole owner of the hotels, had on many occasions rescued the hotels by releasing funds for renovation purposes and settling some of the outstanding hotel debts in past years.

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“The interventions did not yield fruits in the case of Lafia,

The company further assured the public that third party claims would be reviewed and sorted out while the staff would receive their entitlements as may be agreed after ongoing discussions.

Lafia hotel is one of the hotels inaugurated by Chief Obafemi Awolowo’s government as a step to tap in the tourism economy together with the Premier Hotel and Lagos Airport Hotel . All the three are under the auspices of Odu’a Conglomerate and they all maintained the sanity of a prosperous hospitality concern.

Lafia Hotel was one of the best hotels in Nigeria in the 70s which was the only one fit enough to accommodate the then Head–of–State, General Yakubu Gowon who paid a visit to the Western State then .

The Hotel has like other hospitality outfits been operating within the economic dictate and contemporary business climate overing in Nigeria. That is going from fair to good and for the better.

However, in the past four years, the hotel’s fortune has consistently slid from the good, to the fair and to the bad.

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Metro

Tragedy strikes Lagos-Ibadan Expressway: Five die, eight injured in fiery multiple crash

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It was a night of sorrow and devastation in Ibadan, the Oyo State capital, as a horrific multiple-vehicle crash along the Ibadan axis of the Lagos-Ibadan Expressway claimed at least five lives and left eight others injured in a fiery chain collision involving trucks, tankers, and smaller vehicles.

The accident occurred at about 10:00 p.m. on Friday around the Satguru Maharaji Ji Village axis, just before the Ibadan Toll Gate, throwing the busy highway into chaos as flames and thick smoke engulfed the scene.

The crash involved six trucks, including gas tankers and trailer units, two Toyota Hilux vans, and two cars, according to emergency officials who described it as one of the most severe road accidents in recent times on the corridor.

Eyewitnesses said the tragedy began when one of the trucks reportedly suffered brake failure and rammed into another vehicle ahead of it, triggering a chain reaction that quickly escalated into a multi-vehicle inferno.

In moments, several vehicles were trapped in the blaze, while terrified motorists and bystanders watched helplessly as the fire spread across the expressway.

Eight persons were rescued alive with varying degrees of injuries and were immediately rushed to nearby hospitals for urgent medical attention.
Confirming the incident, the Chairman of the Oyo State Fire Service, Maroof Akinwande, said the crash was caused by brake failure which spiralled into a massive fire outbreak.

“Upon arrival, we discovered that the accident involved six trucks (gas tankers and trailer trucks) and two cars, resulting in a fire outbreak,” he said.

“Five persons were recovered dead, while eight others were rescued and handed over to the team of the Federal Road Safety Corps led by SRC Adegbite from Toll Gate, Ibadan, for further medical attention at the nearest hospital.”

Firefighters eventually brought the inferno under control after hours of operation, while security operatives and traffic officials worked to clear wreckage and restore movement on the busy expressway.

Normalcy has since returned to the road, but the tragedy has left behind a grim reminder of the dangers of mechanical failure and unsafe haulage on Nigeria’s busiest highway.

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Crime & Court

Police recover Rivers SUV stolen five years ago in Gombe

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Operatives of the Gombe State Police Command have recovered a Toyota Highlander reported stolen in Port Harcourt, Rivers State, five years ago.

The vehicle was recovered on June 8, 2026, during a routine verification exercise conducted by detectives attached to the State Intelligence Department in collaboration with officials of the Federal Road Safety Corps at the Gombe State Internal Revenue Service vehicle licensing office.

The spokesperson for the command, DSP Buhari Abdullahi, disclosed this in a statement issued on Saturday, saying the vehicle was flagged as suspicious during the process of uploading and verifying vehicle records.

According to him, the joint team identified the Toyota Highlander bearing registration number FH823PHC and subjected it to further scrutiny, which revealed that it had been declared stolen on September 17, 2021.

Preliminary findings showed that the vehicle belonged to one Cecilia A. Duru of Akwaka Lane, Rumuodumaya, Port Harcourt, Rivers State.

Abdullahi said investigators subsequently uncovered a transnational movement of the vehicle, establishing that it was taken to the Niger Republic in 2023 before returning to Nigeria through Illela Local Government Area of Sokoto State on October 17, 2025.

He added that the sport utility vehicle was later sold in Kaduna State and eventually brought to Gombe for re-registration, where it was detected and recovered by security operatives.

“Investigation is ongoing, as efforts are being intensified to identify and apprehend those involved,” the police spokesperson stated.

He urged members of the public to exercise caution when purchasing vehicles, advising intending buyers to verify ownership documents and authenticate vehicle records through the appropriate authorities before concluding any transaction.

The command reaffirmed its commitment to combating vehicle theft and other trans-border crimes, assuring residents that efforts were underway to arrest all those linked to the theft and illegal trafficking of the recovered vehicle.

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Politics

INEC declares Oyebanji winner, APC retains Ekiti

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The Independent National Electoral Commission has declared the Governor of Ekiti State and candidate of the All Progressives Congress, Biodun Oyebanji, winner of Saturday’s governorship election in the state.

The Returning Officer for the election, Prof. Adenike Oladiji, announced the result at about 3:13 a.m. on Sunday in Ado-Ekiti, saying Oyebanji polled 319,224 votes to defeat his closest rivals and secure a second term in office.

According to Oladiji, who is the Vice-Chancellor of the Federal University of Technology, Akure, the candidate of the Peoples Democratic Party, Oluwole Oluyede, garnered 40,543 votes, while the African Democratic Congress candidate, Dare Bejide, secured 12,872 votes.

She said 384,940 voters were accredited for the election, while 375,777 valid votes were recorded. The electoral umpire also announced that 6,332 votes were rejected, bringing the total number of votes cast to 382,109.

The declaration capped a governorship poll largely adjudged peaceful by observers and security agencies, despite complaints of malfunctioning Bimodal Voter Accreditation System machines, delayed commencement of voting in some polling units and allegations of voter intimidation by opposition parties.

INEC said voting was conducted in all the 2,445 polling units across the state’s 16 local government areas, noting that 2,257 units, representing 92.31 per cent, opened before 8.30 a.m., while 188 polling units commenced accreditation and voting before 10.30 a.m. after experiencing minor delays.

The commission also commenced uploading polling unit results to its Results Viewing Portal shortly after the completion of voting and counting in several centres.

The PDP candidate, Oluyede, had expressed dissatisfaction with the conduct of the exercise at Ugele/Arokun Ward in Ikere Local Government Area, alleging that many prospective voters were disenfranchised due to BVAS-related challenges.

Speaking with journalists after voting at Polling Unit 006, he further alleged cases of harassment and intimidation of voters in the area.

Some elderly voters at the polling unit also lamented difficulties encountered during accreditation and urged INEC to urgently rectify the technical glitches.

The ADC candidate, Bejide, similarly alleged irregularities during the exercise.
However, Oyebanji dismissed the claims, insisting that those making allegations of electoral misconduct should provide credible evidence to support them.

The governor, who voted at Polling Unit 003, Okelele, Ikogosi-Ekiti, in Ekiti West Local Government Area, described the election as satisfactory and urged eligible voters yet to cast their ballots to do so peacefully.

The Commissioner of Police in charge of election security, Abayomi Shogunle, said no case of vote-buying was reported to security agencies throughout the exercise.

Election observers commended the peaceful atmosphere that characterised the poll but raised concerns over procedural inconsistencies.

The First Vice-President of the Nigerian Bar Association, Sebastian Anyia, described the process as orderly and peaceful, saying voter turnout was encouraging.

Similarly, the Chief Executive Officer of the Nigerian Women Trust Fund, Brenda Anugwom, lauded the resilience of female voters, many of whom remained at polling units for several hours with their children to exercise their franchise.

Yiaga Africa, however, expressed concern over discrepancies involving ballot papers, result sheets and INEC’s published list of candidates, warning that such inconsistencies could create challenges during collation and reconciliation of results.

The election observer group urged INEC to provide further clarification on the final list of participating parties and candidates and issue clear guidance to electoral officials handling result documentation.

Ahead of the poll, INEC and security agencies had repeatedly assured residents of their preparedness to deliver a peaceful, credible and transparent election, deploying personnel and restricting vehicular movement to forestall electoral violence and other offences.

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