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Agege/Pen Cinema Bridge for Commissioning Saturday

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agege pen cinema bridge

By Dipo Olowookere

The newly constructed Agege/Pen Cinema Bridge in the Agege area of Lagos State would be commissioned on Saturday, February 20, 2021, Governor Babajide Sanwo-Olu has confirmed.

Speaking on Tuesday at the 2021 Ehingbeti Lagos Economic Summit at Eko Hotel and Suites, Victoria Island, the Governor expressed optimism that the facility would ease the traffic in the area.

Mr Sanwo-Olu commended residents of Agege and its environs for their patience while the construction of the project lasted, saying he’s confident that the bridge would improve economic activities of the area.

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He said his administration will continue to fund projects that would boost the economy of Lagos State, noting that the Ehingbeti Summit is one of the avenues to discuss ways to move the state forward.

According to him, the construction of the Agege/Pen Cinema Bridge is one of the numerous results of the past Ehingbeti summits and a reflection of the public-private partnership of the state government.

He said the event was earlier scheduled for November 2020 but was postponed because of the October 2020 #EndSARS protests, which led to the destruction of several public and private properties in the metropolis.

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“This also happens to be the first edition of the summit happening against the backdrop of the Coronavirus pandemic.

“Here is a pandemic that has disrupted life in every country in the world, and ushered in truly unprecedented times, where physical contact with family and friends could be a source of debilitating illness, and where our places of worship and community interactions have been upended,” Mr Sanwo-Olu disclosed.

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Business Post reports that the construction of the Agege/Pen Cinema Bridge was initiative and started by Mr Akinwunmi Ambode, the immediate past Governor of Lagos State.

The bridge has an overpass that rises from Oba Ogunji Road and drops at the Oke Koto section of Agege. It is also expected to link directly to the old Lagos/Abeokuta highway and pass through Abule Egba to the new Lagos/Abeokuta Expressway.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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EFCC Goes After Car Dealers, Real Estate Agents, Others

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EFCC Real Estate Agents

By Modupe Gbadeyanka

The Chairman of Economic and Financial Crimes Commission (EFCC), Mr Abdularasheed Bawa, has hinted that a searchlight will be beamed on car dealers, jewellery sellers, real estate agents and others.

The anti-money laundering agency, while addressing newsmen in Abuja on Thursday, disclosed that evidence has shown that these set of people use proceeds of corruption for their business transactions.

He said the EFCC was working on a number of proactive strategies including a special control unit against money laundering, established particularly to address non-designated financial institutions including car dealers, real estate, jewellery dealers, among others.

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Mr Bawa said that he was confident that when the unit is fully established, corruption will significantly decline in the country.

He added that the agency was equally working towards the development of a biometric ownership database to address money laundering.

According to him, most proceeds of crime are laundered through real estate and have become a huge challenge, giving examples of property acquired especially in Lagos, Abuja, and Port Harcourt where billions of naira were laundered through this means.

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He, however, declined to disclose actual perpetrators or the properties involved but revealed that since his assumption, a number of recoveries have been made including N6 billion, $161 million, £13,000, €1,730, among others.

He further said internet fraudsters numbering 1,502 have also been apprehended between January and June 2021, noting that efforts were underway to file about 800 of them.

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Mr Bawa was at the Presidential Villa yesterday to clarify the specific Minister involved in the laundering of about $37 million into real estate to which he referred in his earlier statement.

He said the matter was an old case involving a former Minister of Petroleum, Ms Allison Diezani Madueke.

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KedCo Warns Customers Against Meter Bypass

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Against Meter Bypass

By Adedapo Adesanya

The management of Kano Electricity Distribution Company (KEDCO) has cautioned customers in its franchise areas against meter bypass as it intensifies efforts in meter installation.

According to a statement by KEDCO’s Head of Corporate Communications, Mr Ibrahim Sani Shawai, “the warning had become necessary as a way of ensuring that renewed efforts at speeding up metering are not sabotaged.

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“Anyone caught bypassing our meters would not be spared as we will go all out within the provisions of the law of the land to ensure that violators are made to pay penalty after prosecution.

“We are speeding up processes to ensure that 87,747 meters are installed by the end of the month under the zero phase.

“We have met with all vendors and mandated them to increase manpower to ensure speedy deployment and installation of meters to customers.

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“We appeal to our numerous customers to give vendors the necessary cooperation to ensure that estimated billing system is brought to an end in KEDCO franchise within the shortest time possible.”

The distribution company had recently warned customers against meter apathy as it observed that some customers were deliberately refusing to get metered, which it considers unacceptable.

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KEDCO is one of the major Nigerian electricity distribution companies. KEDCO operates in the northwestern geopolitical zone of Nigeria and generates, distributes and markets electricity in three states. It covers the franchise states of Kano, Katsina and Jigawa.

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Navy Seizes 251 Bags of Smuggled Rice in Akwa Ibom

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251 bags of smuggled rice

By Adedapo Adesanya

The Nigerian Navy, Forward Operating Base (FOB), Ibaka, Mbo Local Government Area of Akwa Ibom has impounded 251 bags of rice smuggled through the waterways.

The Commanding Officer of FOB, Navy Captain Suleiman Abdullahi, disclosed this in Ibaka on Thursday when he handed over the bags of contrabands to the Nigeria Customs Service (NCS).

He said that the 251 bags of rice were seized from smugglers on June 15 during routine patrol operations by the unit, explaining that the suspects abandoned the rice and the boat and fled on sighting the naval patrol team, emphasising that the Base would not relent in putting an end to illegalities on the Akwa Ibom waterways.

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“What you are witnessing here today is the handover of 251 bags of rice suspected to be smuggled into the Nigerian maritime border.

“By the directive of the Flag Officer, Eastern Naval Command, Rear Admiral Sanusi Ibrahim, we have zero tolerance for smuggling.

“By the directive, we have carried out intensive patrol and on June 15, 2021, we seized one wooden boat and 251 bags of smuggled rice.

“On sighting the patrol team, the smugglers abandoned the rice inside the boat and flee to escape arrest.

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This is an indication of their awareness of the crime perpetrated by these suspects for them to have abandoned their boat and flee,” Mr Abdullahi said.

The commanding officer warned smugglers to relocate out of the Nigerian maritime borders, stressing that it would not be business as usual for them.

He urged them to desist from smuggling and other illegal businesses, but they should engage in legitimate endeavours.

“I will like to use this opportunity to warn those maritime criminals that it is not going to be business as usual.

“That they should desist from their criminal ways and engage in genuine business, otherwise the long arm of the law will catch up on them,” he said.

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Receiving the 251 bags of rice on behalf of the customs, the Comptroller of Sector 1, Port Harcourt, Mr Shehu Abubakar, said the agency would do everything possible to stop smuggling in the country.

Mr Abubakar, who was represented by the Superintendent of Customs, Border Drill Patrol Team, Oron Axis, Mr Mustapha Ahmed, warned smugglers to desist from the illegal trade, stressing that the organisation would continue to checkmate all economic sabotage in the country.

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