General
Ambode Pities with Flood Victims, Threatens Environmental Criminals
By Dipo Olowookere
Governor Akinwunmi Ambode has expressed sympathy to those who lost properties to the flood caused by torrential rainfalls in the state at the weekend.
Mr Ambode said it was painful to see most prime estates flooded with water, roads taken over by floods, while many homesteads literally became pools.
Speaking on Monday at a sensitization workshop on water management and environmental control held at Ikeja, which is a prelude to a Water Technology and Environmental Control (WATEC) exhibition holding in Israel later in the year, the Governor assured the incident would soon be a thing of the past, as the state government was working towards embarking on holistic solutions to address the situation once and for all.
He said aside the fact that the issue of flooding was not peculiar to the state or Nigeria, urgent steps were being taken to tackle the challenge in a holistic manner and protect the state from future re-occurrence.
Describing the workshop as apt coming at a time the state witnessed flooding in some parts, Governor Ambode said in as much as the development was a trying period for him given the fact that so much had been expended in providing infrastructure for the people, but that major strategies would be implemented with the view to bequeathing the State with enduring solution to water management and environmental control.
“However, if we have learnt anything in the on-going flooding of some parts of the State, it is that there is an immediate, even urgent need for us to embark upon a review and reengineering of our canals and drainage systems.
“This must be pursued hand-in-hand with a clear and crystal re-envisioning of our water management system. So, in effect, what we should immediately pursue is a holistic solution to what is certain to be a recurring problem. It must be a sincere collaboration between government and the citizenry,” Governor Ambode said.
The Governor said despite the fact that the State had been denied ecological funds by the previous federal government for political reasons, several reforms were being implemented in line with the capacity of the State Government to protect the shoreline and carry out de-flooding, which according to him, are equally expensive to implement.
“The issue is when you are talking about reforms, it comes with pains but it is only the vision that drives it through and that is what we are doing,” he said.
Speaking on the import of the workshop, Governor Ambode said the State Government was partnering with Israel which is one of the first countries to successfully overcome its limitations in water resources to develop water technology and environmental control, adding that the intention would be to explore a wide array of technological advancements and possibilities to ensure best solutions.
He said as a first step, the State Government would participate at the WATEC exhibition and take full advantage of state of the art technology in Israel, with the view to applying same solution in the State.
While alluding to the fact that the incidence of flooding was not circumscribed to Nigeria or Third World countries as United Kingdom and even Japan recently witnessed heavily flooding, the Governor said no matter how well a society may be prepared, natural occurrences could not be totally ruled out, and such was why Lagos State and indeed the country fully subscribes to the tenets of Climate Change Solutions by the United Nations.
“While all the aforementioned examples enjoin us to put our experience and pains into perspective, they also impress on us as a State and a government that we must learn from all these examples in order to better prepare for the future.
“To that extent, we will reinvigorate our campaign against the dumping of refuse by citizens into canals. We will be stronger in enforcing our physical planning laws especially those building illegally on canals and blocking the free flow of water across the State,” Governor Ambode vowed.
Speaking on the new waste management strategy being adopted by the State Government encapsulated in the Cleaner Lagos Initiative (CLI), Governor Ambode said available statistics show that the State generate 13, 000 tonnes of waste per day which is the highest in the world, and that the new approach was aimed at revolutionizing waste management with particular emphasis on reusing waste for other critical purposes and growing the economy, as against the present practice of dumping.
Besides, the Governor said as government would be implementing new strategies to find a lasting solution to the problem of water shortages and flooding, it was also important for residents to play their part by bearing new attitudes towards civic obligations at all times, without which the efforts of government would be in futility.
Also, the State’s Commissioner for Waterfront Infrastructure Development, Engr Ade Adesanya said the torrential rainfalls witnessed in the State in the past few days accumulated a total of 477mm of water, which was equivalent to the rainfalls experienced in other climes for six months, and that the successful management of the situation was commendable, while expressing the determination of the government to mitigate the impact of such in future.
On his part, Israeli Ambassador to Nigeria, Mr Guy Feldman said his country was delighted to partner with the Lagos State Government to bring about lasting solutions to water management and environmental control.
By Dipo Olowookere
Eight persons, comprising four Nigerians and four foreigners, believed to have promoted the failed Ponzi scheme, Crypto Bridge Exchange (CBEX), in Nigeria have been declared wanted by the Nigeria Police Force (NPF).
Recall that a few weeks ago, several investors lost their hard-earned funds in the investment scheme, which the Securities and Exchange Commission (SEC) said it did not authorise.
The platform crashed and went away with investors’ money after it made it impossible for them to withdraw their funds. It later asked them to pay an activation fee of $100 and $200, depending on what was in their wallets.
The crashing of CBEX triggered attacks on its offices, especially in Ibadan, Oyo State, by aggrieved investors, whose funds’ were trapped in CBEX.
Already, the EFCC has swung into action, arraigning the promoters of the investment scheme in court, though four of them are at large.
In a notice on Friday night, the agency said it was looking for the fugitive, asking members of the public with information about their whereabouts to come forward to aid their arrest.
The anti-money laundering organisation listed the wanted persons as Seyi Oloyede, Emmanuel Uko, Adefowowa Oluwanisola, and Adefowora Abiodun Olaonipekun, and listed Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, and Serah Michiro as the foreign accomplices.
“The public is hereby notified that the persons whose photographs appear above are suspected foreign accomplices wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX)
“Anybody with useful information as to their whereabouts should please contact the Commission in its Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, llorin, Enugu, Kano, Lagos, Gombe, Port Harcourt or Abuja offices or through 08093322644; its e-mail address: info@efcc.gov.ng or the nearest Police Station and other security agencies,” the notice signed by its spokesman, Mr Dele Oyewale, stated.
By Adedapo Adesanya
Nigeria’s National Economic Council (NEC) has approved the establishment of Cotton, Textile and Garment Development Board as part of efforts to drive non-oil revenues.
This was disclosed by the Governor of Imo State, Mr Hope Uzodinma, while briefing State House Correspondents at the end of the 149th NEC meeting chaired by the Vice-President, Mr Kashim Shettima, on Thursday at Presidential Villa, Abuja.
He explained that in order to make the board function effectively, the council approved a proposal for Public-Private Partnership (PPP).
Mr Uzodinma stated that the chairman of the board would be selected from the private sector, adding that the body would be funded from import levies on textiles.
“The National Economic Council, among others things, received a representation from the members and leadership of Cotton, Textile and Garment Development Forum.
“These are private sector operatives who are into the cotton business, garment and textiles and the presentation highlighted their proposal on how to revitalise the cotton industry in Nigeria.
“The council endorsed the presentation and approved the establishment of a National and regional Offices for the board in each of the six geopolitical zones for proper coordination,” said Mr Uzodinma.
On his part, Governor Douye Diri of Bayelsa said the council also received proposal from the Minister of Livestock Development on acceleration strategy for the livestock industry.
He said the presentation was on on a plan to transformation the livestock industry between 2025 and 2030, stating that the strategy was built on the national livestock growth acceleration plan, which is expected to transform the sector to create jobs, export products and serve as an engine room for internally generated revenue.
“The projection is that the strategy will generate between $74 billion down and $90 billion in that sector by the year 2035.
“It will be a direct partnership with the state governors, the private sector and foreign investors under a very sound federal regulatory umbrella,” said Mr Diri.
He added that the investment would be prioritised into five key pillars between 2025 and 2026, saying the pillars are: animal health and zones control, feed and further development, water resources management, statistics and information and livestock value chain development.
By Adedapo Adesanya
The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced plans to commence the disbursement of the $700 million Cabotage Vessel Financing Fund (CVFF) within the next four months.
Last week, the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, instructed the maritime regulator to initiate the long-awaited disbursement process for the fund.
This directive marked a significant shift from over two decades of administrative stagnation and ushers in a new era of strategic repositioning of Nigeria’s indigenous shipping.
Speaking on Wednesday, NIMASA’s Director General, Mr Dayo Mobereola, providing a timeline for the disbursement said this will happen within the next four months, which by calculation, is August 2025.
He made the announcement during an oversight visit by the House of Representatives Committee on Maritime Safety, Education, and Administration in Abuja, according to the News Agency of Nigeria (NAN).
“We are acting in accordance with the directive of the Minister to ensure indigenous shipowners finally have access to this critical funding. The guidelines have been streamlined based on the Minister’s approval, so beneficiaries can access the funds within three to four months,” he said.
“To effectively manage the $700 million intervention fund, the number of Primary Lending Institutions (PLIs) has been expanded from five to twelve.”
The CVFF, established under the Coastal and Inland Shipping (Cabotage) Act of 2003, was designed to empower Nigerian shipping companies through access to structured financing for vessel acquisition. However, successive administrations failed to operationalize the fund—until now.
According to Minister Oyetola, the disbursement of the CVFF will represent not just the release of funds, but a profound commitment to empowering Nigerian maritime operators, bolstering national competitiveness, and fostering sustainable economic development.
“This is not just about disbursing funds. It’s about rewriting a chapter in our maritime history. For over 20 years, the CVFF remained a dormant promise. Today, we are bringing it to life—deliberately, transparently, and strategically,” he stated.
NIMASA, in alignment with the Minister’s directive, has already issued a Marine Notice inviting eligible Nigerian shipping companies to apply.
Qualified applicants can access up to $25 million each at competitive interest rates to acquire vessels that meet international safety and performance standards.
The fund will be administered in partnership with carefully selected and approved Primary Lending Institutions (PLIs), ensuring professional and efficient disbursement.
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