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Lagos State Requires N1 Trillion To Reconstruct Damaged Properties In Lagos- Femi Gbajabiamila
Aftermath of wanton destruction of lives and properties during #EndSARS protests, Speaker of the House of Representatives, Femi Gbajabiamila, has revealed that Lagos State required a minimum of N1 Trillion to reconstruct the wilful extensive damage of properties across the metropolis.
This happened as South West Governors have alleged that there were some elements keenly anxious to annihilate the South West and destroy it common heritage.
Also, the Ministers from South West condemned the violence, saying proper investigation would be conducted to determine the cause of the violence and prevent future occurrence.
They spoke during a commiseration and solidarity visit to Governor Babajide Sanwo-Olu, at Lagos House, Marina, after an the spot assessment of some structures burnt by hoodlums who hijacked the #EndSARS protests last Wednesday and Thursday in Lagos Island.
Gbajabiamila, with some South West Governors such as: Ekiti, Ondo, Oyo, and Lagos States’, Kayode Fayemi, Arakunrin Rotimi Akeredolu, Seyi Makinde, Babajide Sanwo-Olu, respectively, with Ministers from south west such as: Works and Housing, Babatunde Fashola; Interior, Ogbeni Rauf Aregbesola; Mines and industries, Olamilekan Adegbite; Niyi Adebayo, Trade and Investments; and Olorunnibe Mamora, Health, state.
Also the deputy governor of Lagos State, Dr Femi Hamzat, and Nigerian Bar Association President, Olumide Apata, were in attendance.
The team visited the burnt Nigeria Port Authority, NPA, building, Lagos State DNA and Forensic Centre, located in CMS, and the popular Lekki Toll Gate, Admiralty Circle.
Gbajabiamila, speaking with state house correspondents, said,” We stand in solidarity with Lagos state government and the people of the state This is indeed a difficult period. This is not Lagos of our dream. Its indeed very sad.
“I don’t want to take ethnic dimension but I urge us to shut our ears to ethnic conspiracy theory. Nation building is a joint task.”
While commending the northerners from not joining in the violent protests, Gbajabiamila said, “I don’t know where Nigeria will be standing today if the north had been a part of this. that’s why I commend by brothers and sisters from the north.
“The House of Representatives will do all it can to compensate all those who suffered brutality including policemen that lost their lives in the process.
“Also whatever the house can do in rebuilding Lagos and other states it will do. We are now in a state of reconstruction. What must be done will be done.
“You have fought a good fight, government, National Assembly have listened. Its time to take stock and ensure it never happened again. What has happened has happened.
“However, we want to know what exactly happened at the Lekki Toll Gate. The judicial panel must reveal this. However, I want to encourage Nigerians to allow peace to reign.
“I learnt from the governor of Lagos State that it will take N1 Trillion to rebuild what had been lost and asked him whats the budget size of the state he said about N1,Trillion. You can see we are moving backward.
“Hence, we must consider the consequences of our actions before embarking on any venture. I therefore, appeal to the youths to allow peace to reign henceforth. I still believe in unity of Nigeria.”
Also in his address, Chairman of the South West Governors, Akeredolu stated, “We are indeed surprised at the extent of damage to lives and properties in Lagos. We will be right to say Lagos was turned into a war zone because what led to this we can.
“We commiserate with the families of victims of violence and slain policemen. We pray God to grant them the fortitude to bear the loss.
”We note with pain and sadness which had spread across our society coming at the heels of vast destruction of properties belonging to the state and notable individuals.
“We commiserate with Oba of Lagos, Rilwanu Akiolu I, with the level of sacrilege committed on the palace. We also condemn in no mistaken terms the vile attack on Asiwaju Bola Ahmed Tinubu and destruction of businesses where he has interest.
“This regression into savagery exposes our land as not only vulnerable, but susceptible to vile manipulations by elements keenly anxious to annihilate the South West and destroy our common heritage. This must be condemned and we condemn it.
“We are deeply concerned with the ease with which public buildings, utilities, police stations and Investment of our people have been burnt despite the proximity of security agencies In those areas.
“We call on the heads of all security agencies to be alive to their obligations to defend the country. We charge the relevant security agencies to investigate all cases of violence with a view to identifying the culprits.
“We are particularly worried that 48 hours, after the unfortunate incident at the Lekki Toll Gate in Lagos by persons in military camouflage there has been no definitive statement from the military authorities on the Incident
“Our anxiety becomes heightened by the categorical denial of the Governor of Lagos State concerning the deployment. No Governor has power to authorize deployment of military personnel in Nigeria.
“We note, with great relief, the confirmation by the Governor that no fatality was recorded at the Lekki Toll Gate incident based on visits to hospitals, mortuaries, both private and public. There were no doubt different levels of injury to persons arising from the incident at the Lekki Toll Gate.
“Consequently, we insist that full investigation be conducted to ascertain the veracity of the news items liberalIy circulated by some local media.
“It is becoming very clear that the conflagration may have been caused by deliberate deployment of weapon of mass confusion” apology to Dr. Ope Banwo. The attendant damage was extensive and massive.
“The selective application of jungle justice raises suspicion as regards the real motive of the arsonists and vandals.
“We use this medium to appeal to the youth, especially those of South West extraction, to be circumspect lest they lend themselves to the evil schemes of those who want to destroy our land.
“The protests started off as genuine, demanding reforms and restitution. The current happenings across the South West, especially Lagos State, have exposed dubiousness and complicity evidencing malice.
“We enjoin our youths to rise up to defend our land and people against the diabolical incursions ravaging our space.
“What do we stand to gain destroying ourselves. We cannot continue to fold Our hands and watch our heritage destroyed and our people suffer.
“We must engage, constructively, all those whose dubious solutions to a social problem is athe descent to anarchy. We appeal to them to ‘CALM DOWN’.
According to Fashola, “We were instructed by the President and Federal Government to express our deep sympathy to the government and people of Lagos State over the tragic events that have played out in the last few days.
“Though, words can not describe the level of lives destroyed and properties. However, we are sure all will be well for this to happen.
“We urge for peace and calm. We urge Nigerians from walks of life, be it Igbo, Hausa to do their businesses without any fear.
“We should therefore, refrain from provocative statements because some people are trying to set us against one another but they will not succeed.”
Earlier, the Chief Judge of Lagos State, Kazeem Alogba has said that all exhibits and files tendered for various cases in the Lagos State High Court are safe and not destroyed when miscreants set the court on fire.
Alogba, revealed this on Sunday, when he received some South West Governors and Ministers who stopped over to have on the spot assessment of the court during a tour of structures burnt by hoodlums who hijacked the #EndSARS protests last Wednesday and Thursday.
Also, while responding to the total number of government’s buildings burnt among others, Commissioner for Information and Strategy, Mr Gbenga Omotoso told Vanguard, “We are still counting. The state is still taking inventories of all that happened and not until all that is concluded we can’t not ascertained for now the total number of burnt structures. But I can’t tell you its very huge.
Vanguard
News
I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court
A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.
The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.
Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.
According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.
He said he subsequently took the money to the office of the then Director-General.
“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.
The witness explained that he collected the bag from his aide before entering the office.
“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”
The witness was initially a defendant in the case but later opted to testify for the prosecution.
While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.
According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.
He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.
“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.
During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.
When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”
After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.
The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.
Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.
They pleaded not guilty to the offences.
The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.
According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.
Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.
The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.
One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.
News
CBN Bars Chronic Loan Defaulters from Accessing New Banking Services
The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).
This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.
This order is specifically targeted at large-ticket obligors.
The CBN issued the directive in a circular to banks on Monday.
The latest instruction comes almost a week after the CBN asked financial institutions to stress test.
It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.
“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.
“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.
“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”
News
Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.
Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.
He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.
“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.
“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?
“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.
“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.
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