General
Traders Wail as Fire Guts Amu Timber Market in Lagos
By Dipo Olowookere
The popular Amu Timber Market in the Mushin area of Lagos State has been gutted by fire and this unfortunate incident has left owners of shops at the market to wail in anger.
The inferno occurred in the wee hours of Saturday, destroying properties worth millions of Naira. Over five hours after the fire started, it was still burning woods being sold at the market.
It was gathered that officials of the Lagos State Fire Service, who rushed to the scene to bring the situation under control, soon ran out of water as the inferno expanded, fuelled by the harmattan season.
According to reports, the fire started at about 1:20am and those living around the market quickly put distress calls through to the nearby Lagos State Emergency Management Agency (LASEMA) who acted promptly.
It was gathered that the fire was triggered by an electrical surge and what started like a spark soon razed through most part of the market, bringing down shops and destroying goods and properties.
As at the time of filing this report, no life was lost to the inferno, while security officials are at the scene to prevent any looting and breakdown of law and order by hoodlums.
Also, fire fighters and officials of LASEMA are on ground to totally bring down the fire as some traders are beginning to troop in, calling on the state government to assist them in rebuilding the market.
The Amu Timber Market in Mushin is traditionally known in the metropolis as a place to purchase genuine building materials. People from different parts of the country visit the market to buy various materials.
This is not the first time in recent times popular markets in the South Western part of the country has been gutted by fire. In the first week of 2020, the famous Abesan Market in Oyo State was razed by inferno.
General
Lolu Akinwunmi, Iquo Ukoh to Co-chair 2026 CMO Circle
By Modupe Gbadeyanka
The duo of Lolu Akinwunmi and Iquo Ukoh will co-chair the 2026 Chief Marketing Officers Circle (CMO Circle), slated for June 5, 2026, with the theme The C-Suite Mandate: Talent Density and Marketing Leadership.
The invitation-only forum for CMOs and senior marketing leaders will bring together the most influential voices in marketing to shape strategy at the highest levels of business and public policy.
As Co-Chairs, Akinwunmi and Ukoh will curate and lead high-level discussions focused on innovation, talent density, enterprise growth, and the expanding mandate of the CMO within the C-suite. Their stewardship reinforces the Circle’s role as a convening authority—one that not only reflects industry thinking but actively defines it.
Akinwunmi, Group CEO of Prima Garnet (Ogilvy Nigeria), brings decades of experience advising leading national and multinational brands, alongside a distinguished record of industry leadership.
Ukoh, Chief Executive Officer of Entod Marketing and former Director of Marketing Services at Nestlé Nigeria, is widely regarded for her leadership in brand strategy, consumer engagement, and cultural storytelling.
Convened by MarkHack in partnership with StatiSense and Brand Communicator, the CMO Circle operates at the intersection of enterprise leadership and national development. Beyond dialogue, the Circle institutionalises its influence through the quarterly CMO Index. This flagship publication aggregates executive sentiment, market intelligence, and forward-looking insights to inform policy conversations and economic decision-making. In doing so, the Circle positions marketing leadership as a critical voice in shaping Nigeria’s business environment and policy direction.
“The CMO Circle is intentionally designed as a premium, outcomes-driven platform—one that moves marketing leadership beyond the boardroom into the sphere of policy influence.
“With Iquo Ukoh and Lolu Akinwunmi as Co-Chairs, we are setting a clear tone of authority, depth, and relevance. Through the CMO Index and our quarterly convenings, the Circle will play a defining role in shaping both industry direction and policy dialogue,” the convener of CMO Circle, Mr Victor ’Gbenga Afolabi, stated.
General
Court Grants El-Rufai N100m Bail in DSS Case
By Adedapo Adesanya
Justice Joyce Abdulmalik of the Federal High Court in Abuja has granted bail to former Kaduna State Governor, Mr Nasir El-Rufai, in the sum of N100 million with one surety in like sum.
Delivering the ruling, Justice Abdulmalik imposed a series of stringent conditions that the defendant must meet before perfecting the bail.
The court held that the proposed surety must reside in either the Maitama or Asokoro districts of Abuja and must deposit the original Certificate of Occupancy (C-of-O) of a landed property at the court registry.
The surety is also required to be a federal civil servant not below Grade Level 17 and must provide evidence of salary payments for at least three months, authenticated by a letter from the manager of a bank within the jurisdiction of the court.
The court further ordered the surety to depose to an affidavit of means, enter into a bail bond, and submit a recent passport photograph to the court registry.
As part of the bail conditions, Mr El-Rufai is to deposit all valid international passports with the court registry.
The court also directed that a verification letter from the surety’s immediate department be submitted, alongside a tax clearance certificate covering the last six months.
Justice Abdulmalik further ordered the defendant to report to the headquarters of the Department of State Services every last Friday of the month by 10 a.m. to sign an attendance register pending the determination of the case.
The judge warned that failure to comply with the conditions would lead to an automatic revocation of the bail.
The court additionally directed the defendant to submit a letter of attestation from the Chairman of the Kaduna Traditional Council.
This comes a month after a Kaduna Court granted bail to the former Minister in a corruption case filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over charges related to alleged corruption and abuse of office during his tenure in the North-Western state from 2015 to 2023.
He was alleged to have abused his office and to have intended to commit fraud and confer undue advantage, which were alleged against the opposition politician.
General
PenCom Proposes Full Salary Pension for Retired Police Officers
By Adedapo Adesanya
The National Pension Commission (PenCom) has proposed a sweeping reform of retirement benefits for officers of the Nigeria Police Force under the Contributory Pension Scheme (CPS), including lifetime monthly pensions equivalent to 100 per cent of their final salary and a gratuity of 200 per cent of their annual emoluments upon retirement.
According to the Leadership newspaper, the measure is part of federal government efforts to address persistent agitation from retired police personnel who say CPS payouts are inadequate.
The reform will see retired police officers receive a monthly pension equivalent to 100 per cent of their final salary for life and gratuity payments amounting to 200 per cent of annual emoluments, benefits that many officers have been clamouring for years.
According to the newspaper, retirees under the scheme have raised concerns over poor pension payouts, with some saying they receive as little as N30,000 to N80,000 monthly, while also lamenting the inadequacy of their lump-sum retirement benefits.
Some other recommendations include increasing active officers’ monthly pension contribution for serving police officers from the current 10 to 20 per cent, while employee contributions will remain at 8 per cent.
The new arrangement, which includes a monthly pension equivalent to an officer’s last salary and increased gratuity benefits, is expected to strengthen financial security for retired personnel and boost the morale of officers still in active service.
The measure is expected to significantly improve Retirement Savings Account (RSA) balances, enhance pension payouts, and strengthen the long-term sustainability of the pension structure.
If approved by President Bola Tinubu, the augmentation plan for police personnel will reflect the government’s recognition of the police’s critical role in maintaining national security and public order, as well as the need to ensure officers’ dignity and stability after retirement.
Police pensioners who have been protesting against the CPS insisted that the scheme, which requires both employers and employees to contribute monthly into Retirement Savings Accounts (RSAs) managed by Pension Fund Administrators (PFAs), has worsened their welfare.
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