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Lagos Begins Manual Demolition Of Marked Buildings

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FOLLOWING the collapse of a three-storey building on Massey street, the Lagos State Government has commenced the manual demolition of buildings marked on Freeman street at the Ita Faji area of Lagos Island.

According to the Acting General Manager of the State Building Control Agency, Omotayo Fakolujo who informed that officials were acting based on the governor’s directives, also explained that most owners of some illegal structures were evading arrest despite disobeying the government’s order.

He stressed, “I can say that the owners and tenants are recalcitrant, in as much as we try to evict them, they continue to evade arrest and go through the back door and we feel that this structure might go down as soon as possible and that is why we have to bring it down today.

“His excellency,  Governor Akinwunmi Ambode has given a directive to go ahead and remove over 80 structures in Lagos island before the end of the month and we are doing them in phases and today, we are removing three and I assure you that life would be better for Lagosians and the security and safety of Lagosians is eminent in the heart of the governor.

“There is a lot of legal tussle that relates to demolition. For this one, we just had a clearance from the court last week we are moving to Smith, Palm church and Adeniji adele where we have marked over 20 structures for demolition”.

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Fakolujo added that the government was also trying to evacuate occupants of most of the structures about to collapse.

The building caved in on March 13, killing about nine people, while about 50 were rescued.

This comes after Governor Akinwunmi Ambode had during an assessment tour to the site, vowed to demolish all illegal school buildings in the area.

He made the pledge on Wednesday while responding to concerns raised by some residents on the increase in illegal schools when he visited the scene of a building collapse.

The building said to be 30 years caved in at about 9:45 am, raising fears for the lives of the hundreds of inhabitants, mostly children who are pupils of a school located on the top floor of the building.

“So far, from what I have been briefed, we have rescued about 25 people and some are already dead but we were earlier informed that it was a school, the building is not technically a school, it is a residential building that was actually accommodating an illegal school so to speak on the second floor.

Like we have said, we have been carrying out a lot of integrity tests on the buildings in this neighborhood and as you can see, some of them have been marked for demolition but we get resistance from landlords but we must continue to save lives and we would intensify our efforts to see that those have failed our integrity test, we would ensure that they are quickly evacuated and we bring the structures down,” he said.

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24 hours after the incident occurred, the rescue agencies say they have reached ‘ground zero’ on the site, meaning that all the rubbles had been Enter excavated and there was no evidence that anyone was still trapped.

 

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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