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Ambode Signs Anti-Land Grabbers’ Bill Into Law

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Governor Akinwunmi Ambode has finally appended his signature to the Lagos State Properties Protection bill passed recently by the Lagos State House of Assembly prohibiting land grabbing in the state.

Signing the bill into law on Monday, the Governor said he will continue to pay more attention to the problems facing the state with the view to solving them.

The Governor also signed the Lagos State Neighbourhood Safety Corps Law, which is aimed at boosting security of lives and property in all the Local Government Areas and Local Council Development Areas of the State.

Speaking at the signing ceremony attended by the Lagos State Speaker, Mudashiru Obasa; the Chief Judge of the State, Justice Olufunmilayo Atilade and other top government functionaries, Mr Ambode said the laws were central to his administration’s focus of safeguarding the lives of all residents, as well as attracting, growing investments and improving the ease of doing business in the State.

His word, “In addition to equipping our security agencies, we have now created a legal framework to put some form of communal protection in place to boost and support the great job the Nigeria Police is presently doing.”

The Governor, who explained that the Neighbourhood Safety Corps would assist the police and other security agencies to maintain law and order across the communities, added that the Neighbourhood Safety Agency, which the new law established, would also be charged with the responsibility of registering all private home security and any other person employed for private home security amongst other things.

On the Properties Protection Law, Mr Ambode said the need for the law followed the fact that one of the issues that discouraged investors and hindered the ease of doing business in Lagos in the past had always been the menace of land grabbing.

He recalled that a lot of would-be property owners encountered untold harassment from exploitative land grabbers, adding that the law now marks the end of the road for such land grabbers.

“The Lagos State Properties Protection Law will give legal backing to the operations of our law enforcement officers. The main objective of this Law is to ensure that our investors, businessmen and the general populace carry on their legitimate land/property transactions without any hindrance or intimidation henceforth.

“The Properties Law will eliminate the activities of persons or corporate entities who use force and intimidation to dispossess or prevent any person or entity from acquiring legitimate interest and possession of property, ensure that the Special Task Force on Land-Grabbers work with all Security agencies to ensure enforcement of State Government and Private property rights in the State, and ensure proper coordination of the efforts of the various agencies of Government charged with enforcing the State Government’s rights over land in Lagos,” he said.

Besides, Mr Ambode said the presence of the heads of the three arms of government – the Executive, Legislature and Judiciary, at the signing ceremony was a confirmation of the seriousness and resolve of government of Lagos State to address the issues once and for all.

While setting the tone for the signing ceremony earlier, the State’s Attorney General and Commissioner for Justice, Mr Adeniji Kazeem said the laws marked demonstration of promise kept by the present administration, and recalled the donation of security equipment to security agencies on two occasions within six months, which had aided the police and other security agencies in reducing crime.

He added that the laws would go a long way in further providing the necessary legal, human and material support to security services in the discharge of their duties.

In his remarks, Mr Obasa said the signing of the two laws confirmed that Lagos is being governed by a responsible Governor and a responsive government, adding that the move was also a clear and emphatic message to criminals that Lagos is a no go area for their criminal activities.

Also, Chairman of Ikeja branch of the Nigerian Bar Association (NBA), Mr Dele Oloke commended Mr Ambode for taking the initiative on the laws, saying that the Properties Protection law would go a long way in curbing the illegal activities of land grabbers, otherwise known as Omo-Oniles and their sponsors, whom he said are sometimes respectable persons in the society.

Highlights of the Properties Protection Law include the reduction to barest minimum the activities of persons or corporate entities who use force and intimidation to dispossess or prevent any person or entity from acquiring legitimate interest and possession of property acquired through State Government or private transactions.

On the other hand, highlights of the Neighbourhood Safety Corps Law include, among others, the establishment of the Lagos State Neighbourhood Safety Agency for regulation and control of Neighbourhood Safety Corps activities.

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 [email protected]

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Five Transmission Towers Collapse Along Ikot Abasi–Eket 132kV Line

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Ikot Abasi–Eket 132kV Double Circuit Transmission Line

By Modupe Gbadeyanka

The Transmission Company of Nigeria (TCN) has confirmed the collapse of five transmission towers along the Ikot Abasi–Eket 132kV Double Circuit Transmission Line.

This was attributed to severe acts of vandalism, as TCN disclosed that the structure collapsed after vandals removed critical structural bracing members.

The affected towers were N9, J4, N10, N11 and N12, the organisation said in a statement on Friday.

It explained that the extensive damage was discovered during a routine joint line patrol conducted on August 9, 2026, by TCN linesmen.

Further inspection revealed that structural members from seven additional towers along the same transmission corridor had also been removed and stolen. The towers, J3, N8, N13, N14, N15, N18 and N19, are now structurally compromised and pose a risk of further collapse.

TCN condemned this act of sabotage and reiterated its commitment to working hard to maintain a robust and reliable national grid.

The statement said that to mitigate the impact on electricity supply, the network has been reconfigured to prioritise supply to Ekim transmission station, leaving Ibom Power as the only station without supply.

TCN said it is mobilising an urgent intervention to complete the reconstruction of the affected sections of the line, with security agencies also notified to aid investigations and prevent further acts of vandalism along the line route.

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Abbas Warns Against Delay in Implementing New Ports Regulatory Act

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By Adedapo Adesanya

The Speaker of the House of Representatives, Mr Tajudeen Abbas, has urged all relevant government agencies to promptly initiate actions for the full implementation of the Nigerian Ports Economic Regulatory Agency Act, 2026, following its signing into law by President Bola Tinubu.

The bill, sponsored by Speaker Abbas, was aimed at repealing the Nigerian Shippers’ Council Act, Cap. N133, Laws of the Federation of Nigeria, 2004, and establish the Nigerian Ports Economic Regulatory Agency to ensure effective economic regulation of Nigerian ports while safeguarding the interests of shippers, service providers, and users of regulated port services. With the President’s assent, it has now been enacted as an Act of Parliament.

The legislation represents one of the landmark achievements of the 10th National Assembly. It reflects the Speaker’s commitment to legislative excellence, institutional reform, and sustainable economic growth, according to a press statement by the Special Adviser on Media and Publicity to the Speaker, Mr Musa Krishi.

The bill underwent a rigorous and inclusive legislative process, including extensive stakeholder consultations and a public hearing. It was passed by both Chambers of the National Assembly and subsequently assented to by the President.

The Act provides a robust legal and institutional framework to ensure effective economic regulation of Nigerian ports by fostering transparency, competitiveness, and efficiency in port operations; protecting the rights and interests of shippers, service providers, and other port users; and aligning Nigeria’s port regulatory system with global best practices, thereby enhancing the ease and cost-effectiveness of doing business.

Despite receiving presidential assent, the Act has yet to be fully operationalised.

He warned that any further delay would undermine the legislative intent of the reform, prolong the exposure of port users to arbitrary charges and operational inefficiencies, and deny the nation the anticipated benefits of increased revenue, improved trade facilitation, and stronger investor confidence in the marine and blue economy sector.

The Speaker urged the Federal Ministry of Marine and Blue Economy, in collaboration with all relevant Ministries, Departments and Agencies (MDAs) of the federal government, to take the necessary administrative, institutional, and financial measures for the prompt implementation of the Act.

He said this should include the formal transition to, as well as operational empowerment of, the Nigerian Ports Economic Regulatory Agency to discharge its statutory mandate effectively.

The full implementation of the Act is critical to unlocking the economic potential of Nigeria’s ports, reducing the cost of doing business, strengthening trade competitiveness, and positioning Nigeria as the leading maritime and logistics hub in West and Central Africa.

The statement noted that the Speaker reaffirmed the 10th House’s commitment to exercising the necessary legislative oversight to ensure this landmark legislation, along with others assented to by the President, is fully implemented and achieves its intended goals for the benefit of the Nigerian people.

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FG, NiYA, Cascador Partner to Turn Youth Ideas into Investable Businesses

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By Adedapo Adesanya

The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with Cascador, a Nigeria-focused platform for growth-stage founders, to provide funding and support for the next generation of Nigerian youth entrepreneurs.

The announcement coincides with International Youth Day 2026, whose global theme this year — Different Contexts, Common Aspirations — calls on institutions to close the gap between young people’s circumstances and their opportunities. The pilot is an early step toward NiYA’s broader ambition to train and empower 7 million Nigerian youth within two years.

The NiYA and Cascador Founders Programme will begin with a pilot cohort of 20 early-stage Nigerian youth founders, including entrepreneurs without formal business registration or established financial records.

Over four weeks, participants will undergo intensive training focused on business fundamentals, investment readiness and pitch preparation. At the end of the programme, the eight top-performing founders will receive non-dilutive funding of up to N5 million each from Cascador, alongside an Enterprise Resource Planning (ERP) solution to help them structure, manage and scale their businesses.

The funding and support will be presented at a Pitch Day organised by NiYA and the Federal Ministry of Youth Development.

The Minister for Youth Development, Mr s Ayodele Olawande, said the partnership would enable NiYA to move beyond training by helping young people transform ideas into investable businesses and achieve sustainable economic participation through business preparation and access to capital.

“The pilot is deliberately designed to test a model that can go beyond one cohort. If young founders can be identified early, prepared properly, connected to credible capital and supported to build stronger business systems, then access to opportunity becomes less dependent on background or existing networks. That is the larger objective: to build a youth entrepreneurship ecosystem in which readiness, ideas and execution can increasingly determine who gets the opportunity to grow.”

The pilot will run in-person in Abuja with virtual touchpoints and 1:1 mentorship. All 20 graduates retain NiYA alumni status, with priority consideration for future opportunities.

NiYA and FMYD have already shown what real commitment to Nigeria’s youth looks like — the platforms, the reach, the ambition to train millions. What we’re building together now is the missing piece, a practical bridge from the ideation stage to real capital-readiness. When a Ministry so dedicated to its young people asked Cascador to help build that bridge, it was an easy decision,” said Trish Thomas, CEO of Cascador.

Ms Oyin Solebo, COO of Cascador and former Managing Director of the ARM Labs Lagos Techstars Accelerator, highlighted the partnership’s impact, saying, “This is what innovative capital deployment looks like: a government building real investment readiness at scale, and a partner meeting that foundational work with non-dilutive funding at exactly the moment it’s needed. Partnerships like this open doors that neither of us could open alone.”

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