General
Experts, Others to Discuss Potential Risks in Real Estate Transactions in Lagos
By Modupe Gbadeyanka
The Lagos State Real Estate Regulatory Authority (LASRERA) has invited critical stakeholders in the real estate market to the 3rd Real Estate Market Place Conference and Exhibition.
The two-day event will commence on December 6, 2022, at the Eko Hotel and Suites, Victoria Island, Lagos, with Governor Babajide Sanwo-Olu expected to declare it open.
According to the organisers, participants will discuss The Lagos Real Estate Emerging Markets β Mitigating Potential Risks.
They will focus on potential risks in real estate transactions, laws that protect real estate investment transactions, and policies and guidelines about Lagos State real estate sector.
Recall that on February 7, 2022, Mr Sanwo-Olu signed the LASRERA bill into law in a bid to regulate, sanitise, and protect individuals from illegal real estate transactions and fraudulent persons/organisations, monitor the activities of real estate transactions and ensure real estate transactions in the state conform to global best practices.
This conference is sponsored by a luxury property development company, The Address Homes, as part of its contribution to the growth of the real estate sector in Nigeria.
βThe partnership between Address Homes and Lagos State Government on this conference and exhibition would further propel the already existing collaboration to promote integrity, professionalism, customer satisfaction and safety in the real estate industry in Nigeria,β the Marketing Manager of The Address Homes, Mr Segun Ogunbiyi, noted.
He said the company is also a major exhibitor of the programme, showcasing real estate development with a combination of high-class, contemporary architectural design and high-level finishes with respect to designs and styles that meet consumer passion, taste and comfort.
General
Nigeria’s Democracy Suffocating Under TinubuβAtiku
By Modupe Gbadeyanka
Former Vice President, Mr Atiku Abubakar, has lambasted the administration of President Bola Tinubu for the turnout at the FCT Area Council elections held last Saturday.
In a statement signed by his Media Office, the Adamawa-born politician claimed that the health of Nigeriaβs democracy under the current administration was under threat.
According to him, βWhen citizens lose faith that their votes matter, democracy begins to die. What we are witnessing is not mere voter apathy. It is a direct consequence of an administration that governs with a chokehold on pluralism. Democracy in Nigeria is being suffocated slowly, steadily, and dangerously.β
He warned that the steady erosion of participatory governance, if left unchecked, could inflict irreversible damage on the democratic fabric painstakingly built over decades.
βA democracy without vibrant opposition, without free political competition, and without public confidence is democracy in name only. If this chokehold is not released, history will record this era as the period when our hard-won freedoms were traded for fear and conformity,β he stressed.
Mr Atiku said the turnout for the poll was below 20 per cent, with the Abuja Municipal Area Council (AMAC) recording 7.8 per cent.
He noted that such civic participation in the nationβs capital, the symbolic heartbeat of the federation, is not accidental, as it is the predictable outcome of a political environment poisoned by intolerance, intimidation, and the systematic weakening of opposition voices.
The presidential candidate of the Peopleβs Democratic Party (PDP) in the 2023 general elections stated that the ruling All Progressives Congress (APC) under Mr Tinubu has pursued a deliberate policy of shrinking democratic space, harassing dissenters, coercing defectors, and fostering a climate where alternative political viewpoints are treated as threats rather than contributions to national development.
He called on opposition parties and democratic forces across the country to urgently close ranks and forge a united front, declaring, βThis is no longer about party lines; it is about preserving the Republic. The time to stand together to rescue and rebuild Nigeria is now.β
General
Nigeria Eyes Full Entry into Council of Palm Oil Producing Countries
By Adedapo Adesanya
Nigeria is set to validate a technical committee report geared towards transitioning the country from observer status to full membership of the Council of Palm Oil Producing Countries (CPOPC) in April.
Mr Abubakar Kyari, Minister of Agriculture and Food Security, said this when the councilβs mission visited him over the weekend in Abuja, noting that the ministry had constituted a technical committee to consider how the country would seamlessly transit from observer country to membership in CPOPC based on its strategic importance in palm oil production.
βWe are conscious of the fact that the palm oil value chain is very strategic for us and identified it as an export crop that can drive foreign exchange for the country and ensure good health in terms of consumption.
βWe are conscious of the fact that we need the support of CPOPC countries to provide the country with a new variety of seeds that are climate-smart and resistant so that they can be produced by farmers in the country,β he said.
Mr Alphonsus Inyang, President, National Palm Produce Association of Nigeria (NPPAN), said being a member of CPOPC Nigeria would target over 10 million tonnes of oil palm between 2026 and 2050.
βWe are also targeting 2.5 million hectares from among Nigeria households who are out to produce one hectare each, geared towards a N20 trillion annual economy within this period from among Nigeria households.
βWe are working side by side with the big players who will be developing plantations,β he said.
The Secretary-General of CPOPC, Ms Izzana Salleh, said the council’s mission to Nigeria was to see how the country could transit from observer status to full membership, among others
She said that the status of the country as an observer nation since 2024 would expire by November.
Ms Salleh assured the country of the councilβs readiness to support its vision to strengthen domestic production, enhance food security and build a competitive and sustainable palm oil supply chain.
The official emphasised that being a member of the council would strategically position Nigeria for a greater future regarding oil palm production.
According to her, the visit is to strengthen the councilβs engagement with Nigeria, including potential membership in CPOPC.
She said: βThe councilβs mission to Nigeria aims to advance both Nigeriaβs national ambitions and Africaβs collective voice in global agricultural discussions.
βCPOPC was established to promote cooperation among producing nations, empower smallholders, advance sustainability, and ensure fair, science-based global dialogue on vegetable oils.
She emphasised that being a member of the council would strategically position the country for greater future prospects regarding oil palm production and the value chain, as well as export.
βWe are ready to support Nigeriaβs vision to strengthen domestic production, enhance food security, and build a competitive and sustainable palm oil supply chain,β she said.
General
Violence Mars APC Ward Congress in Oluyole
By Modupe Gbadeyanka
The ward congress of the All Progressives Congress (APC) in Oluyole Local Government Area of Oyo State on Saturday left several party members injured after a violence clash erupted.
According to reports, one of the injured persons was Mr Idowu Oyawale, who served as the campaign Director General of a House of Representatives member in the last general elections, Ms Tolulope Akande-Sadipe.
It was disclosed that he sustained severe injuries during the exercise and is currently receiving treatment at an undisclosed hospital.
The ward congress was organised by the ruling party to elect ward executives across the local government’s wards.
However, it was disrupted at Olomi Ward 7 by suspected heavily-armed political thugs allegedly linked to a member of the party.
It was claimed that the thugs invaded the congress venue at Olomi Basic School 1, dispersing party members and officials supervising the exercise, with stones, clubs and other weapons.
Eyewitnesses said tensions escalated unprovoked over delegatesβ lists and ward executive positions. The disagreement reportedly degenerated into physical altercations before the violent attacks on some party members.
It was learnt that security operatives led a tactical team to restore order, peace, and disperse the attackers.
Reacting to the incident, some party leaders and elders condemned the violence, describing it as unfortunate and capable of undermining the credibility of the internal democratic process.
The leaders have called on party chieftains and President Bola Tinubu to immediately order an investigation into the violent attacks.
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