General
Lagos State Executive Governor Commissions Babajide Sanwo-Olu International Market Ikosi
By Adedapo Adesanya
***Constructed By Total Value Integrated Services
The Governor of Lagos State, Mr Babajide Sanwo-Olu, recently commissioned the third phase of the Ikosi International Model Market and the Ikosi International Fruits Market Phase 2, delivering on a promise made to the people of the community.
The Governor speaking at the commissioning, which was held amid fanfare and jubilation on Thursday, May 25, stated that commercial activities in markets have had a great impact on the state’s economy.
He added that building a befitting environment for traders remained a noble initiative to drive grassroots democracy and socio-economic growth.
The Governor said, “I commend the vision and leadership which facilitated the delivery of these two ultra-modern markets befitting the status of our state and resonate with the vision of a Greater Lagos.
“The impact the markets have had on the economy of Lagos is invaluable, as they serve as focal points of economic activities in the State. These are the real examples of initiatives of grassroots democracy and socio-economic growth.”
On his part, Mr Chris Onyekachi, the Managing Director (MD) of Total Value Integrated Services, a conglomerate involved in real estate development, construction, and civil engineering contracting works and the brain behind the construction of the ultra-modern markets with structures named after notable personalities including the Lagos State Deputy Governor, Mr Obafemi Hamzat, Mr Busura Alebiosu, Mr Mudashiru Obasa, et al. revealed that it wasn’t easy building a market of the magnitude of the third phase of the Ikosi International Model Market and the Ikosi International Fruits Market Phase 2.
He revealed that the journey to where the market is today began almost two and half years ago when his company came to reconstruct the market, which started from phase one to the third phase.
He said, “It wasn’t an easy journey because convincing market traders that we had good plans for them wasn’t an easy one. In their minds, they thought we wanted to chase them away. Some people felt that we wanted to use the place to build an estate, but we were lucky to have the leaders in the environment intervene. To the glory of God, we completed the first phase, we allocated it, then we started the second phase, and we also completed and allocated that. This is the third phase, and to the glory of God, we are here today. I thank God for His grace and mercy.”
Stating that the shops are affordable, Mr Onyekachi said that Total Value Integrated Services has a timeline for payment for those who can’t afford to finish their payment once, noting that once 60 per cent of the first deposit is paid, the remaining balance can be spread as agreed.
“We have our management team that is going to be on the ground to manage all the facilities here. I can assure you that in the next 10 years, whatever you have seen today is going to be in the same condition because we are going to manage them properly. Everything is properly designed, the landscape included. You can see our car parks. We have about 500 car parks here, and it makes it convenient for every person that is coming to buy and trade.
“We have a 300 KVA generator, a fire hydrant in case of fire; definitely we don’t pray for that, but we have made provision. All of the shops will be metered; we also have our security house here. We have six mobile policemen that are going to be here day and night, and we also have members of the Odua Peoples Congress (OPC)/that are also going to be here to provide security.”
Adding her voice to the narrative, the chairman, Ikosi-Isheri LCDA, Mrs Bada, noted that the markets were built in the quest to improve the standard of trading and to serve as an alternative to the existing markets.
“The markets were built in phases. The first phase was commissioned last year by Mr Governor, which consisted of key-clamp shops (fruit section) where all old occupants and fruit-market shop owners were conveniently relocated, with more than 3,000 units of spacious key clamps.
“Today, I am delighted that the second phase has been completed and is being commissioned by Mr Governor and will be allocated to old users,” she concluded.
The event attracted several notable personalities, including the Chairman of Ikosi-Isheri LCDA, Mrs Samiat Bada; Commissioner for Wealth Creation, Mrs Rabiat Arobieke; Special Adviser to the Governor on Works and Infrastructure, and Mr Aramide Adeyoye, among others.
General
NUPRC, NNRA Harmonise Processes to Cut Compliance Costs in Oil Sector
By Adedapo Adesanya
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced moves to harmonise regulatory processes with the Nigerian Nuclear Regulatory Authority (NNRA) as part of efforts to strengthen radiological safety in oil and gas operations and reduce the cost of doing business in the upstream petroleum sector.
The initiative emerged from a recent meeting between the Chief Executive of the NUPRC, Mrs Oritsemeyiwa Eyesan, and the Director-General and Chief Executive Officer of the NNRA, Mr Yau Idris, at the commission’s headquarters in Abuja.
According to a statement issued by the Head of Corporate Communications and Media at the NUPRC, Mr Eniola Akinkuotu, on Sunday, the collaboration is expected to address overlapping regulatory requirements, close existing gaps in oversight, and create a more efficient compliance framework for operators in the industry.
The statement read, “The Nigerian Upstream Petroleum Regulatory Commission is partnering with the Nigerian Nuclear Regulatory Authority in order to enforce radiological safety in oil and gas operations and reduce the overall cost of operations.”
The latest partnership comes as the Federal Government intensifies efforts to boost investment in the petroleum sector, increase production, and enhance operational efficiency following the implementation of the Petroleum Industry Act (PIA).
While the NUPRC regulates the technical, commercial, and operational aspects of oil and gas exploration and production, the NNRA is responsible for regulating the possession, use, transportation, and disposal of radioactive materials and radiation-emitting equipment across the country.
Speaking during the meeting, Mrs Eyesan stressed the need for greater collaboration among regulators to eliminate duplication and improve the investment climate in Nigeria’s oil and gas sector.
She noted that excessive regulatory requirements often translate into additional costs for operators, ultimately affecting the competitiveness of the industry.
“The only way we can safeguard investments is to reduce our cost of operations, and when you have a multiplicity of laws, the likelihood is that you will have higher costs because each law normally will come with its own fees and charges,” the NUPRC boss said.
Mrs Eyesan nominated senior officials from the commission who will work closely with the NNRA on the task ahead.
“We have identified critical areas on both sides, and we believe that, as we collaborate, we can close existing gaps,” she said.
On his part, Mr Idris said the cooperation of the NUPRC was crucial because the upstream petroleum industry remains one of the largest users of radioactive sources and radiation-emitting equipment in Nigeria.
According to him, radioactive technologies are widely deployed in well logging, industrial radiography, and nuclear gauging activities that support oil and gas exploration and production.
He explained that the partnership would enable both agencies to share information and simplify compliance procedures for operators.
“The goal is a single-window approach, where both agencies share information rather than requiring operators to submit the same data twice,” he said.
Mr Idris further stated that, since oil and gas extraction often brings Naturally Occurring Radioactive Materials (NORM) to the surface, the NNRA seeks the assistance of the commission to ensure that operators conduct radiological impact assessments as part of their broader Environmental Impact Assessments, while NORM management protocols are incorporated into the NUPRC’s environmental guidelines for the upstream sector.
The two agencies also agreed to deepen collaboration in training, capacity building, and knowledge sharing on radiation protection and safe operational practices.
General
Nigerian Army Rescues 360 from Boko Haram Captivity
By Adedapo Adesanya
The Nigerian Army on Sunday said the troops of Operation Hadin Kai (OPHK), a joint task force in the North-east, have rescued 360 abducted persons from a Boko Haram camp in the Mandara mountain axis of Gwoza, Borno State.
Recall that Boko Haram insurgents abducted 416 people, including minors, when they invaded Ngoshe in March.
Following the raid, the group released a video filmed inside Ngoshe in which a commander boasted that it would hold the community through Ramadan and observe Eid-el-Fitr prayers at the Ngoshe Central Mosque. It sent a series of other videos in the next couple of weeks after that.
Then, in another video released on April 19, a Boko Haram commander identified as Mallam Abu issued a 72-hour ultimatum demanding a N5 billion ransom and warned against any military rescue attempt.
On May 17, the captives appeared in another video, lamenting their ordeal in the mountainous terrain and pleading for help from government authorities.
In a statement on Sunday, the acting spokesperson for Operation Hadin Kai, Mr Haruna Sani, said the rescue mission was the result of weeks of intelligence gathering, surveillance and operational planning.
According to him, the operation was launched after security agencies received credible intelligence pinpointing the location of the hostages and identifying an insurgent support network sustaining the camp.
He said military intelligence personnel subsequently combined human intelligence, signals intelligence, and surveillance operations using unmanned aerial systems and long-range reconnaissance patrols to map the area, monitor insurgent activities and assess the condition of the captives.
Mr Sani, a lieutenant colonel, said a breakthrough came after intelligence operatives successfully penetrated the terrorist network, providing detailed information on the exact location of the abductees, the disposition of insurgent commanders and planned movement routes.
He added that coordinated information and psychological operations also created confusion within the insurgents’ ranks, weakening their command structure ahead of the assault.
Acting on the intelligence, troops launched a multi-axis operation under the cover of darkness, isolating the objective area and blocking potential escape routes.
“The operation achieved complete tactical surprise, overwhelming the terrorists before an organised response could be mounted,” he said.
The army spokesperson said several insurgents fled into the surrounding mountainous terrain while others surrendered as troops advanced on the enclave.
Following the assault, soldiers secured and evacuated the hostages, who were subjected to medical screening before being moved to safe locations for treatment and humanitarian assistance.
However, Mr Sani disclosed that two infants died from exhaustion caused by the difficult terrain and the harsh conditions they endured during their captivity.
He described the rescue as one of the most significant hostage recovery operations conducted in the North-east in recent times and a major setback for the terrorist group.
Mr Sani said the military high command commended the troops involved in the mission, noting that the success demonstrated the effectiveness of intelligence-led operations and the growing coordination among security agencies.
He added that the high command also assured the public that follow-up clearance operations are ongoing to track down fleeing insurgents, dismantle remaining support networks and prevent future abductions in the region.
General
Adelabu’s Sister, Twin Nephews Regain Freedom as Police Kill Kidnappers
By Dipo Olowookere
The younger sister of the former Minister of Power, Mr Adebayo Adelabu, Mrs Olaide Busayo Adegoke John-Paul, has been rescued by officials of the Nigeria Police Force (NPF).
The woman was freed from her kidnappers along with her twin sons, Peter and Paul, on Saturday evening.
They were abducted on Wednesday morning while the former employee of the Central Bank of Nigeria (CBN) was taking her children to school in Ibadan, Oyo State.
The unfortunate incident reportedly occurred at about 7:30 am on June 3, 2026, throwing residents of the area into panic. The 43-year-old mother was taken from her vehicle by the gunmen and driven away with her 12-year-old twin sons.
This evening, in an operation by security operatives, the victims were rescued, while two of the suspected kidnappers were fatally shot in a gun duel, and two firearms were recovered from the gang.
The police are now combing the area where the rescue operation took place to apprehend some of the fleeing kidnappers, who are believed to have escaped with gunshot wounds.
The news of the rescue of the kidnapped victims has thrown the family of the former Minister into a frenzy.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
