LASG and FG to Shut 3rd Mainland Bridge for Repairs

LASG and FG to Shut 3rd Mainland Bridge for Repairs

To end recurring accidents occasioned by potholes on the 3rd Mainland Bridge, the Federal Government in collaboration with the Lagos State Government will next week commence remedial repair works on bad portions of the bridge.

Specifically, the bridge will be closed on two consecutive Sundays, September 17 and 24, for the remedial works to be carried out by the state Government, through the Lagos Public Works Corporation, LPWC, in collaboration with the Federal Ministry of Works.

Motorists have continued to lament the bad state of the 3rd bridge, which has potholes on many parts, which have been causing accidents.

 

While modalities by the state government for the construction of the proposed Fourth Mainland Bridge have reached advanced stage, residents are of the opinion that the Third Mainland Bridge has been overstretched.

 

Confirming the planned rehabilitation of the 3rd Mainland Bridge to be carried out in phases staring from next week, Permanent Secretary, Lagos State Ministry of Transportation, Abdulhafiz Toriola, said it will allow for unhindered rehabilitation works as traffic would be diverted during construction to ensure early completion of the work.

 

Bridge to be shut for 2 consecutive Sundays. Toriola, who announced this, yesterday, added that the work would take place on Sunday 17 and Sunday 24, September, 2023 between the hours of 7.00 am and 7.00 pm each Sunday.

 

“The proposed works will be strictly executed in two phases with phase one focusing on only the most critical sections on the Iyana-Oworonsoki inward Adeniji Adele/Lagos Island,” he said.

 

Toriola explained that the palliative works were scheduled for Sundays to minimize inconveniences for motorists.

Consequently, the state government released travel advisory to ensure seamless movement of traffic.

Toriola, therefore, advised motorists to ply the following alternative routes during the rehabilitation works.

Route 1: The Lagos-Ibadan Expressway, Alapere/Ogudu axis, inwards Lagos Island, will be diverted towards Gbagada-Oshodi Expressway to link Ikorodu Road/Funsho Williams Avenue to access Eko Bridge and Lagos Island.

Route 2: Motorists from Lagos Mainland going through Herbert Macaulay Road (Adekunle axis) inwards Lagos Island via 3rd Mainland Bridge will be diverted towards Murtala Muhammed Way to make use of Carter Bridge to link Lagos Island.

He, therefore, urged motorists to be patient and observe safety measures during the palliative works on the asphalt pavement of the bridge.

 

He added that Lagos State Traffic Management Authority, LASTMA, officers, Federal Road Safety Corps, FRSC, Nigeria police, and other traffic personnel would be on ground to effectively control and manage traffic.

 

He said: “We assure that despite the traffic impact on the alternative routes, LASTMA will be deployed to minimize inconveniences and ease movement along the affected corridors.

 

“Various traffic agencies involved, in conjunction with other security and safety personnel to form good synergy, will ensure appropriate traffic management measures aimed at improving the safety and flow of traffic, reducing traffic emissions and utilising traffic artery capacity more effectively throughout the duration of the exercise.”

Meanwhile, motorists plying the ever-busy 11.8km Third Mainland Bridge, Lagos, second longest in Africa decried the poor state of some sections of the bridge.

The bridge starts from the Oworonsoki axis of the Mainland, ending at the Adeniji Adele Interchange axis on Lagos Island.

 

The potholes are visible on the Oworonsoki to Adekunle section and continue while approaching Adeniji-Adele junction to Sura area of the bridge.

 

On the flip side of the bridge, the potholes start from Adekunle to Oworonsoki end.

Some of the motorists narrated their daily ordeals on the bridge with a call to the governments for help.

 

Mr Ade Olabisi, an Uber driver, said: “I started this commercial transportation business two years ago after I lost my job in a private employment as a result of the COVID-19 pandemic. Most times I run through Ajah and Mainland. Due to the bad spots, I have lost over three tyres within the last six months when I bumped into potholes. But I thank God. It could have been fatal if I was on high speed.

 

“I beg the Federal and state governments to fix these potholes in the interest of the public and save people from deaths. le deaths.

Another motorist, Mrs Florence Nwosu, who works on the Island, said: “I was on my way to the office one wet morning when my car bumped into one of the potholes. I struggled to maintain balance afterward.

 

“As I was approaching the Adekunle end my steering gradually became stiff with a suspicious sound coming from the bonnet. Fortunately, I was close to where some Rapid Response Squad, RRS, of the Lagos State Police Command usually stationed.

 

“I opened the bonnet only to discover that my alternator belt had torn and pulled off from the roller making the steering to be stiff. This was apparently as a result of the car bumping into the pothole. I had to call my mechanic on the Island to come and fix it, while I sought protection with the RRS men as some miscreants appeared from nowhere looking for the owner of the vehicle.

 

Another motorist, Mr. Ifeanyi Alozie, who is a trader on the Island, said: “Motorists are always on high speed on the bridge despite many potholes. This often results in fatal accidents.

 

“There was a particular accident that happened right in my front few weeks ago. The owner of the Sport Utility Vehicle, SUV, on top speed ran into one of the potholes and lost control hitting the side railing of the bridge. He also had his air bag ruptured in the process. This is a weekly occurrence on the bridge.

“Governments should ensure provision and maintenance of basic infrastructure like roads and bridges, such as this. We are begging.”

 

Mr. Mohammed Seidu, a businessman, lamented the poor state of the bridge, expressing his fear and plight while driving on the axis.

 

His words: “Despite several rehabilitation works there are many bad portions on the bridge which have posed threat to lives. Most of these government officials do drive on this bridge. I wonder why they have decided to ignore it. A stitch in time saves nine, according to a wise saying.”

 

Vanguard

Ogun CP Visits Adron Homes GMD, Aare Adetola EmmanuelKing, Commends PCRC’s Role In Combating Crimes

Ogun CP Visits Aare Adetola EmmanuelKing, Commends PCRC’s Role In Combating Crimes

The Commisioner of Police Ogun State, CP Abiodun Alamatu earlier today the 13th of September visited the Ilishan-Remo Ogun State palatial country home of the Real Estate businessman and Group Managing Director of Adron Homes and Properties, Aare Adetola EmmanuelKing, the Otun-Akile of Remoland.

The visit was to strengthen his bond with leadership of the Police Community Relations Committee PCRC Ogun and South West Chapter.

Aare Adetola, who is the Grand Patron of the South West PCRC, received the crime buster and his men in his home amid pomp. CP Abiodun thanked critical stakeholders, opinion leaders, and the good people of Ogun State for their cooperation since his assumption as Commisioner of Police months ago. Abiodun highlighted that; the success he has recorded was orchestrated by support from people like Aare Adetola, who have supported the state command with basic needs to ensure their combat against crime is won easily making Ogun state safer for all sundry.

“I am excited about this meeting today and also here to thank you for your continued support since I was posted here as CP. It has been a very good experience with the Ogun PCRC and the South West PCRC chapter, which made work easier for me. I am here with this goodwill message and to help me tell them that I will never take their support for granted. I run an open door policy. Without their support, we would not have succeeded in our fight against crime, making the state safe. I thank you especially and appreciate you also.” He disclosed.

The Adron Home boss also thanked CP Abiodun for the courtesy visit and reiterated his commitment for continued support of the police by maintaining a healthy Police and community relationship. He, however, highlighted the need for more reorientation about the police to people and charged the CP to ensure his boys are friendly and cordial while discharging their duties.

“I am most delighted to have you in my country home. It shows how committed you are and how you hold the PCRC in high esteem acknowledging their contribution to the ease of reducing crime. I want to tell you that, on behalf of myself as the National Patron and Grand Patron of South West PCRC and my company Adron Homes, we will continue to support you and remain committed when you need us.”

“I appreciate the great work you are doing and how you are changing the perspective of Police service among the people. I want you to intensify your effort and also ensure your men are more friendly and convivial while discharging their duties. This will further create positive perception about the police and it will boost the confidence people have in them. With you here, I am sure the fight against crime will be won convincingly. I appreciate you once again. Keep the good work.” Aare Adetola divulged.

Aare Adetola EmmanuelKing used the opportunity to thank the IGP, Kayode Egbetokun Psc, for his recent initiative to recruit 20 young Nigerians in each local government throughout the federation to strengthen the number of the Nigeria Police force in community policing nationwide.

FIRSTBANK ENHANCES ITS FIRSTEDU LOAN SOLUTION, IMPROVES THE QUALITY OF EDUCATION

FIRSTBANK ENHANCES ITS FIRSTEDU LOAN SOLUTION, IMPROVES THE QUALITY OF EDUCATION

FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months.

Since its launch in 2018, the FirstEdu loan has promoted the continued improvement of schools whilst putting them at an advantage in meeting their mid and long-term goals. These goals include the expansion of the school through the acquisition of landed properties, purchase of school bus, modern educational facilities, tools and equipment to optimize the day-to-day operations of the school. Renewable energy loan for schools has also been added to enable them control and reduce the high cost of fuel while powering their school facilities as well as minimize their environmental impacts.

FirstEdu loan is targeted at private Nursery & Primary, Secondary and A-Levels schools. The product offers an opportunity for private school owners to access flexible funding to meet urgent cash flow needs, replace old furniture and equipment, as well as refurbish dilapidated buildings and classroom blocks. With this product, school owners or proprietors can stay ahead of the competition in providing educational services and support to the target population.

To enjoy the loan offer, the interested school must have been in business for at least 24 months, maintained an account relationship with FirstBank for at least six months or any Bank registered with the CBN for a minimum period of 12 months. The customer can access up to N20 million or more, depending on the cashflow capacity of the school.

Expressing his delight at the impact of the product, The Group Executive e-Business and Retail Products, Mr Chuma Ezirim, said “we are happy with the positive response that our FirstEdu product is eliciting across the country. This is not only a demonstration of the great experience witnessed in the schools, but also the impact it has made across the value chain of the educational sector which contributes significantly to the socio-economic development of the country. Education is the bedrock of any society; and the future belongs to those who built this bedrock today. We remain committed to supporting the educational sector as part of our nation-building strategy” he concluded.

Do you have a school and are keen on taking it to the next level?

Visit the FirstBank website https://www.firstbanknigeria.com/personal/loans/more-financing-options/firstedu-loan/ or the FirstBank branch nearest to you. We will be delighted to partner with you on taking your school to the next level.

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IRP: UK Entices Nigerian Teachers with £10,000 Relocation Payment

IRP: UK Entices Nigerian Teachers with £10,000 Relocation Payment

Sometimes last year, the government of the United Kingdom decided to open its doors to teachers from Nigeria and the rest of the world who are willing to relocate to the county to continue their career. In the information made available the the UK is looking to recruit about 500,000 teachers by 2024, but more than a year into the exercise there seems to be a low response and this has forced the British government to change tactics and that now included the introduction of International Relocation Payment (IRP), for international teachers willing to make the move.

The international relocation payment (IRP) is a single payment of £10,000 which is available to eligible non-UK trainees and teachers of languages and physics.

The payment is designed to cover:

  • the costs of visas
  • the immigration health surcharge
  • other relocation expenses

The IRP offers financial support to teachers and trainees from Nigeria and all over the world who wish to come to train and work in English schools. It will be paid around the end of the teacher’s or trainee’s first term. It will not need to be repaid.

If eligible, trainee teachers can receive both the IRP and a bursary or scholarship.

The IRP is being run as a pilot in the 2023 to 2024 academic year.

Eligibility

To be eligible, teachers or trainees must:

  • be coming to England to work or train in the 2023 to 2024 academic year
  • not be already living in the UK

The Get into Teaching website has full details of the eligibility requirements for teachers and trainees.

How the scheme works

The scheme works differently for fee-paying trainees, salaried trainees and teachers.

Trainees on fee-paying courses

Trainees on fee-paying courses do not need to apply for the IRP. Training providers will pay the IRP directly to these trainees along with any bursaries they are entitled to.

Fee-paying trainees should receive the IRP around the end of their first term.

Full details of how providers will receive this funding can be found in the ‘Initial teacher training (ITT) bursary: funding manual’.

Teachers and salaried trainees

Teachers and salaried trainees who have started their teaching job or salaried teacher training course should apply for the IRP from the Get into Teaching website.

Applications are open from 4 September to 31 October 2023.

Eligible applicants should receive the money by 31 January 2024.

Teachers and trainees who miss this deadline must apply at the next opportunity after the start of their job or course to remain eligible for the IRP.

Applications will re-open in January 2024.

Future applications

Teachers and trainees are encouraged to express an interest in the IRP by emailing IRP.ExpressInterest@education.gov.uk if they:

  • start their job or course after the 31 October 2023
  • miss the October 2023 deadline for applications

DfE will then email them when applications open in 2024.

Employment and immigration checks

Before any payments are released DfE will:

  • work with the Home Office to check all visa and immigration requirements
  • contact the employing school of teachers or salaried trainees who have applied to check their:
    • employment status
    • teaching subject

Contact us

If you have questions about the international relocation payment email teach.inengland@education.gov.uk.

PEPT Loss to Tinubu, Atiku Shift War to US

PEPT Loss to Tinubu, Atiku Shift War to US

The United States District Court for the Northern District of Illinois is now the new battlefield, as the court has fixed the hearing for the case between the presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar and President Bola Tinubu for tomorrow.

The former vice president had filed a suit at the US court, demanding that Chicago State University (CSU) release all of Tinubu’s academic records over irregularities in the certificate he submitted to the Independent National Electoral Commission (INEC).This move was prompted by Atiku’s belief that these documents would help clarify what he said are inconsistencies in Tinubu’s background.

In response to Atiku’s application, CSU agreed to release Tinubu’s credentials once the court issues the order. In a statement dated August 23, issued by the university and signed by the university’s counsel, the university noted that once they get an order from the court, the academic records of Tinubu will be released. The university also pleaded with the court to be specific with the demands it seeks.

Judge Jeffrey Gilbert’s then directed Tinubu to provide an explanation by August 23rd regarding the potential release of his academic records at CSU to Atiku and on August 23rd, Tinubu’s attorney submitted a statement as part of his legal argument, asking CSU not to release his academic credentials to the former Vice President.

The US court, in the docket entry which was made by the clerk on Friday, September 8, 2023, said the matter has been set for hearing in-person on Tuesday, September 12, at 1:30 p.m in courtroom 1386.

The US court said if CSU objects to the scope of Atiku’s subpoenas for documents and for a deposition under Federal Rule of Civil procedure, it should file any objections by 5:00 p.m. on Monday, September 11, 2023, rather than reserve those objections until a later date.

The court document states: “If respondent Chicago State University objects to the scope of petitioner Abubakar’s subpoenas for documents and for a deposition under Federal Rule of Civil Procedure 30(b)(6), as originally issued [1-1][1-2] or as modified [22-1] [22-3], it should file any objections by 5:00 p.m. on 9/11/23 rather than reserve those objections until a later date.

“This matter is set for hearing in-person on 9/12/23 at 1:30 p.m. in Courtroom 1386. If out of town counsel want to appear by telephone, they should contact the Court’s courtroom deputy. The Court’s preference, however, is for counsel who will be speaking at the hearing to appear in person. Mailed notice.

“This notice is being sent pursuant to Rule 77(d) of the Federal Rules of Civil Procedure or Rule 49(c) of the Federal Rules of Criminal Procedure. It was generated by CM/ECF, the automated docketing system used to maintain the civil and criminal dockets of this District. If a minute order or other document is enclosed, please refer to it for additional information.”

N54bn Alleged Inflated Road Contract: Reps Resumes Hearing Today

N54bn Alleged Inflated Road Contract: Reps Resumes Hearing Today

An investigative hearing into the allegation concerning the inflation of the 41km Ijebu Igbo-Ita-Ibadan road contract from N9.8 billion to N54.3 billion held at the instance of the House of Representatives is expected to continue on Monday.

Speaking during the flag-off of the investigative hearing held last week Thursday, the Chairman of the Ad-hoc Committee, Hon. Kwamot Laori who urged all the stakeholders to keep sentiments aside, underscored the need for all the parties to provide facts so as to find a leeway.

He explained that the “investigative hearing was organised to probe the consistent failure of the contractor to fulfil the contract obligation for the construction of Olomi-Oloju Oro road also referred to as Ijebu Igbo – Ita – Ibadan road.”

According to him, because of the importance of the road to the area, the Committee was mandated to investigate why the road is not yet completed.

“It is our desire to hear from all sides and I want to tell you, Ladies and Gentlemen, we are not here to pass judgement. We are here to find out what happened and the judgement will be delivered in the plenary because we have to go to House where the decision will be taken.

“I want to implore us to be frank so as to get to the root of this problem for it to be solved and I want us to be concise. We are not here to witch-hunt anybody, we are not here to trample on the rights of anybody. Everybody that appears here has an equal right to be heard and we will really do so,” the Committee Chairman assured all the stakeholders.”

In his presentation, Executive Director of DC Engineering Limited, Engineer Ade Adedeji disclosed that the contract which was supposed to be completed within two years lingered for five years, sequel to the Federal Ministry of Works’ inability to pay 15 per cent mobilisation fund of N1.3 billion.

He noted that the company was mobilised after 6 months of the commencement of clearing and earthworks, with the payment of N452 million against the sum of N1.4 billion which represents 15 per cent of the N9.8 billion.

According to him the contract was awarded on 3rd July 2018 and mobilized to the site at Ijebu Igbo and commenced operation for about three months after a while moved to the Ibadan section as a result of the demolition of residential apartments, churches, mosques as well as economic trees and request for compensation from the villages.

Engineer Adedeji who presented relevant documents including the letter of the award of contract, alleged that haven inflated the contract sum from N9.8 billion to N54.3 billion, and the project became a challenge for the Federal Government to fund.

According to him, DC Engineering Limited had requested for upward review of the contract sum from N9.8 billion to at least N14 billion due to the high cost of materials, but the Ministry of Works refused

He however expressed surprise that the same ministry that refused to review the contract upward to at least N14 billion, re-awarded the same contract to AREATECH Construction Limited at the sum of N54.3 billion without the termination of their contract.

While responding, Director of Highways South, Federal Ministry of Works, Engineer Adedamola Kuti said the ministry had terminated the contract of DC Engineering in September 2022.

He was, however, silent on why they refused to review the contract sum upward to at least N14 billion as requested by DC Engineering but went ahead to re-award the same contract to another company, AREATECH Construction Ltd at the sum of N54 billion.

When asked to provide the details – letter of termination of the contract with DC Engineering Ltd, certificate of no objection from the Bureau of Public Procurement (BPP) to AREATECH Construction Ltd and Federal Executive Council’s approval letter, he promised the probe panel that he will go and come back.

In the submission of the Solicitor, Tolu Babaleye & Co. on behalf of DC Engineering Ltd, the company alleged that the activities of Hon. Tolulope Akande Sadipe, a member representing Oluyole Federal Constituency of Oyo State, have been frustrating the efforts of his client to execute the project.

“Our Client is also very much aware of the activities of Hon. Tolulope Akande Sadipe, a member representing Oluyole Federal Constituency whom our client informed us has turned to a torn in its flesh and who has been promoting AREATECH Construction Ltd as a contractor to the Federal Ministry of Works and Housing for the contract to be re-awarded to the said company for a reason best known to her.

“This vexed issue is known to everyone in the ministry, especially two particular directors working hand in hand with them and all attempts have been made to re-award the contract for the sum of 54.3 billion Naira from the initial contract of 9.8 billion Naira to AREATECH Construction Ltd whom we understand had signed an agreement with the ministry and had submitted advance payment guarantee from its bank.

“This is a big distraction to our client. Please note that our client wrote for an upward review of this contract sum to an amount far below 54.3 billion Naira but the request was ignored and yet some people in the ministry wanted to re-award the job to someone else for 54.3 billion Naira all in a desperate attempt to defraud the Federal Government of Nigeria,” the Solicitor to DC Engineering Ltd said in a statement submitted to the ad hoc committee.

Responding to the allegation of Hon. Sadipe’s involvement in the contract, the Director of Highways South, Federal Ministry of Works, Engineer Adedamola Kuti denied having any deal with Hon. Sadipe.

However, he admitted sending her a congratulatory message after she emerged victorious in the last general election.

Hon. Sadipe who presented her statement as well as other documents also denied having any relationship with the contractor, AREATECH Construction Ltd, threatening lawsuit over the allegations against her.

In his intervention, Hon. Laori allayed the fear of the Contractor, that the company may not get justice from the probe panel since Hon. Sadipe is also a member of the parliament and a mover of the motion.

While acknowledging that the Ad-hoc Committee was set up at the instance of Hon. Sadipe’s motion, she is not a member of the committee and she has been excluded from all the Committee’s activities except her invitation to respond to the allegations against her.

Also speaking during the hearing, the Chairman of Olojuoro Road Joint Communities Forum, Oluyole Local Government Area of Oyo State said: “We are not aware of any contractor on the site apart from DC Engineering Ltd. Their equipment as of July 2023 were on the site doing ‘palliative work’.

“I called it palliative work because it is only the critical aspect of the job we wanted them to do; there is no fund according to them to do everything.”

To this end, the Ad-hoc Committee directed the Federal Ministry of Works and all other relevant parties to submit the required documents before or on Monday, 11th September 2023.

– Tribune

Nigerian Police Upgraded Tracking Equipment, Tech Intel Unit and others

Nigerian Police Upgraded Tracking Equipment, Tech Intel Unit and others

The heightened insecurity in the country may have compelled the Nigerian Police Force to revive and upgrade its tracking equipment and technical intelligence unit at Force Headquarters, Abuja.

For some years now, the Police have been having difficulties tracking down bandits, kidnappers, human traffickers, among others, following the breakdown of the equipment put in place by former Inspector General of Police, Solomon Arase.

Recall that these facilities had been grounded for some time, compelling the Police to rely on the private sector, especially the telcos, to track bandits, kidnappers and car snatchers across Nigeria.

Investigations revealed that while the equipment were up and running, they enhanced the intelligence gathering capabilities of the Police force.

A source said the Nigerian Police Technical Intelligence Unit, TIU, received public acclaim for its breakthroughs in mass arrests of kidnappers and bandits and recovery of stolen properties, including vehicles, before it collapsed.

Explaining what went wrong, the source said:  “The digital upgrade involved a lot of computer work. It took some time because there were technological upgrades, following input of new features to enhance their capacity.

“There were some new equipment, which we needed to align, so they can link together. Some are still working. It was not as if all the components were totally shut down.”

From 2020 upward, the functionality of the Police tracking equipment began to diminish and subsequently went comatose.

Complainants of criminal attacks and those whose family members were kidnapped were directed to contact either the Department of State Services, DSS, or Mobile Network Service Providers for tracking assistance.

Investigation revealed that the tracker, particularly became non-functional due to non-subscription as well as failure to engage the relevant company to carry out required system upgrade.

Police sources disclosed that following the downturn in the operation of the platform, cases of national security and criminality, such as banditry, kidnapping, human trafficking, among others were taken over by the Office of the National Security Adviser, ONSA.

While also attributing the breakdown of the equipment to inability of those whose responsibility it was to function smoothly failed to play their role.

The sources also said non-payment of money owed for subscription, equally militated against the functionality of the equipment.

”Ideally, subscription fees are meant to be paid yearly but the police defaulted for a period of about three years and after a grace period expired, the company overseeing its maintenance and upgrade decided to withdraw its services.

”This contributed to the worsening insecurity in the country. The Police Trust Fund promised to help but nothing was forthcoming from them.”

In the wake of the deactivation of the tracking system, some Nigerians had wondered why a country as massive in size as Nigeria, with a population of over 200 million people, where myriads of security challenges were rife, an entire police force was operating just the technical intelligence unit for all  36 states of the federation and the Federal Capital Territory, FCT.

However, the security situation in the country was said to have compelled the police to take a cursory look at the concerns of the public and established other platforms to support the TIU in tackling emerging criminality.

– Vanguard

FG is Working to Remove Impediments to FX Rate Wale Edun tells Indian Investors at G20

FG is Working to Remove Impediments to FX Rate Wale Edun tells Indian Investors at G20

Wale Edun, minister of finance and coordinating minister of the economy, has assured investors that the government is working to expunge macroeconomic impediments to the stability of the exchange rate and inflation in the country.

Speaking on the sidelines of the Group 20 (G20) summit in India on Sunday, Edun expressed Nigeria’s perspective and commitment to building a stronger, sustainable, and resilient economy.

The minister’s address during the Nigeria-India presidential roundtable, was captured in a short clip posted by the finance ministry on X – formerly Twitter.

Edun said the government has taken steps to improve the business environment, including removing foreign exchange restrictions and streamlining the investment approval process.

He urged investors to take advantage of the opportunities that Nigeria has to offer.

“Our focus is on attracting global capital, promoting foreign direct investments and this underscores our commitment to job creation, economic diversification, and revenue expansion,” Edun said.

“Nigeria is an attractive destination for business. It is brimming with opportunities across the various sectors.

“The major macroeconomic impediments to the stability of the exchange rate, of inflation, of interest rates and indeed of obstacles to liquidity, to enough financing, are now in the process of being removed.

“Driving inclusivity, including women and young people in what is going on in the economy and having them play their role.

“For those interested in investing, the playing field has been levelled, it has been cleared of debris and the opportunity is now there for you to seize.”

– The Cable

G-20: Details of Tinubu meetings with German, Indian, South Korean Leaders

G-20: Details of Tinubu meetings with German, Indian, South Korean Leaders

As the 18th G-20 Summit ended on Sunday, Nigeria’s President Bola Tinubu held bilateral meetings with the leaders of Germany, South Korea, and the host country, India.

They are German Chancellor Olaf Scholz, South Korean President Yoon Suk Yeol and Indian Prime Minister Narendra Modi.

“The three nations have been identified as key partners in his economic development diplomacy drive for local investment and wealth creation,” a statement signed by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed on Sunday.

The statement is titled ‘President Tinubu formally meets with three major counterparts in economic development diplomacy; advances to practical next steps in bilateral relations.’

The Nigerian Leader began his day with a meeting with the Chancellor of Europe’s largest economy, Germany.

Ngelale revealed that Meeting Scholz presented a unique opportunity to expand ties of prosperity for Nigerians but with a pragmatic approach toward ensuring the effective execution of agreements struck.

Tinubu told the German helmsman, “It is not, for us, only a matter of designing the financial architecture for an expanded economic partnership.

“It is also about the practicality of aligning the perspectives of your large-scale manufacturers, such as Volkswagen and others, with the reality of the new incentives my government is putting in place for them to come and prosper across multiple value chains and sectors inside of our country.”

Responding to the economic focus of Tinubu’s proposal, the German Chancellor acknowledged the mutually beneficial nature of an escalation in the scale of economic ties with Nigeria.

He said, “Thank you for this important discussion, Mr. President. I appreciate this opportunity to advance our economic relations. Your market is unique and our companies have a history in Nigeria.

“We acknowledge the business-friendly reforms you have put in place.

“I am happy to inform you of my desire to visit you in Nigeria in October, which will allow us to carry forward these initiatives,” the German leader confided.

Following the President’s acceptance of the Chancellor’s request to visit, Tinubu proceeded with his discussions with the Leader of Asia’s fourth-largest economy, South Korea.

President Yeol commended the President’s regional leadership in upholding democratic tenets and norms.

“I wish to commend your strong leadership, following the peaceful transfer of power to you from your predecessor and we see a stable country in West Africa that is growing in stature,” he said.

Responding, President Tinubu steered the conversation toward his economic focus as he immediately advanced proposals for an enhanced South Korean presence in Nigeria’s local manufacturing sector.

He affirmed, “We will leave nothing hanging. We will finalise what we agree to and we will execute.

“We will work point by point with you to secure rapidly implementable MoUs across sectors of partnership that will involve the active presence of your biggest firms, not just in terms of Nigerian consumption, but in local Nigerian production, from telecommunications to technology, and oil & gas.”

While noting that Nigeria’s education, technology, and energy sectors are of utmost interest to South Korean investors, Yeol promised to mobilise his business community to take advantage of new Nigerian incentives for local industry.

Inviting the South Korean leader to visit Nigeria, President Tinubu concluded formal discussions at the G-20 with the Asian giant and host nation, which had invited Nigeria to the G-20 Summit, as he met Indian Prime Minister Narendra Modi.

“There are many lessons our nation can learn from the rapid progress that India has made under your leadership.

“We see fantastic opportunity between our nations across sectors, such as agricultural development, but specifically, there is more we can do to advance ICT innovation and the emergence of Blue-Chip FinTech growth in Africa.

“Nigeria has the local players who can drive it from the front,” he affirmed.

The host leader received the proposal for economic partnership, thanking Tinubu for inviting him to visit Nigeria.

Modi said, “Our teams must now stay close in touch to detail our priority areas of upscaled cooperation with respect to agriculture, defense industries capacity building, and even FinTech growth.

“I see your commitment. We believe there are immense prospects for Nigeria in the UPI (Unified Payments Interface) and we will ensure that we come together and make progress on these fronts very rapidly.”

President Tinubu also had substantive, informal interactions with U.S. President Joe Biden; European Commission President, Ursula von der Leyen; and World Bank President, Ajay Banga, amongst many others.

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