By Modupe Gbadeyanka

Over 850 cars forfeited to the Nigerian government across various locations in Nigeria will be auctioned by the Economic and Financial Crimes Commission (EFCC), a statement from the agency has revealed.

The anti-money laundering organisation said the vehicle were seized by the government through court orders from persons involved in various financial crimes, including corruption, money laundering, and cybercrime.

The agency said the auction is in line with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022.

It called on interested members of the public to participate in the auction, promising that the process will be transparent and fair.

The exercise will be conducted by the EFCC in partnership with appointed auctioneers in Lagos, Abuja, Benin City, Enugu, Ilorin, Ibadan, Port Harcourt, and Kano from January 20 to 27, 2025.

“The general public is hereby notified that the @officialEFCC through its appointed auctioneers will conduct e-Auction of the under listed vehicles that are subject of final Forfeiture orders in accordance with the EFCC (Establishment) Act, 2004, Public Procurement Act, 2007 and the Proceeds of Crime (Recovery & Management) Act, 2022,” the statement read.

Below are the cars to be auctioned by the EFCC;

By Modupe Gbadeyanka

Four major roads are being rehabilitated by the Oyo State government to improve transportation infrastructure and enhance mobility.

The chairman of the Oyo State Road Maintenance Agency (OYSROMA), Mr Busoye Ogunlade, in a statement in Ibadan last Friday, said the roads should be completed in less than eight weeks.

The roads include Bashorun Oluwo-nla road, Agbowo road, Eleyele-Water road, and Zion plaza-Olusoji road.

“Work has commenced on some of these roads, as we speak. However, repairs on other roads will commence soon,” Mr Ogunlade said, advising commuters to follow temporary traffic diversions and cooperate with the ongoing construction efforts.

The OYSROMA chief said the ongoing rehabilitation was based on fund availability and the economic viability of those roads, noting that the move is in line with the commitment of the administration of Governor Seyi Makinde to make the state more attractive to both local and foreign investors.

“Governor Seyi Makinde has given us the mandate to rehabilitate roads across the State, and we have mobilized Engineers, through direct labour to these sites,” he said, adding that to make the exercise have the desired impact on the people, the agency has gone across all zones and picked critical roads that need rehabilitation across the state.

“This is borne out of the complaints we received during zonal town hall meetings from residents of the state. Our Engineers have swung into action and have taken measurements of critical roads,” he said.

By Modupe Gbadeyanka

The chairman of AXA Mansard Insurance Plc, Mr Kola Adesina, has been bestowed with an honourary doctorate degree by the University of Lagos (UNILAG).

The prestigious higher institution of learning said the degree was given to the prominent Nigerian businessman because of his exceptional contributions as a “globally renowned entrepreneur with extensive experience spanning academia, finance, trade, diplomacy, and the energy sector.”

The conferment ceremony at UNILAG’s main auditorium last week was graced by dignitaries from various sectors, including academia, finance, and industry, who gathered to honour Mr Adesina’s remarkable achievements and contributions.

The chief executive of AXA Mansard, Mr Kunle Ahmed, lauded Mr Adesina’s virtues and emphasised that the honorary degree is a testament to his exemplary leadership and relentless pursuit of excellence.

“Mr Adesina’s visionary approach has been pivotal in driving our company’s success and positively influencing our ambition to transition from a payer to a partner.

“We are incredibly proud of his accomplishments and this well-deserved recognition,” Mr Ahmed remarked.

Also, the Chief Client Officer of AXA Mansard, Ms Rashidat Adebisi, congratulated her chairman on the recognition, noting that it underscores Mr Adesina’s significant impact in Nigeria and Africa’s growth and development.

“As a business, we have greatly benefited from Mr Adesina’s vast expertise and wealth of experience. His outstanding leadership and dedication to our nation’s progress are truly remarkable.

“We are immensely proud to be associated with him and celebrate this milestone. We believe this honour will inspire Mr Adesina to continue being a beacon of progress in Nigeria’s socio-economic landscape,” she stated.