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LAGOS NDIGBO DISTANCES SELF FROM NATIONAL PROTEST, URGES IGBO TRADERS TO STAY HOME

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…Nigerians should be patient with Tinubu – Igbo Coalition

…Demands release of Nnamdi Kanu

The Coalition of Igbo Political and Social-Cultural Groups, as well as market leaders in Lagos State, has distanced themselves from the proposed 10-day national hunger protest, stating that Ndigbo will not participate in any demonstration.

The Coalition, made up of 16 large groups, which included the Council of Ndieze in Lagos, Ohanaeze Ndigbo Lagos, South-East Forum in Lagos, Igbo Mandate, seven Igbo Towns Unions, Igbo Speaking Community, Igbo Vision APC Lagos, Igbo Market Men and Women Associations, and Ndigbo in APC, advised Igbo traders to stay home and not open their businesses on days of the protest, fixed for August 1 to 10, to avoid being attacked.

The Igbo stakeholders in Lagos State noted that, while there is no dispute that there is hardship in the country, the current economic situation bedevilling the country is not limited to Nigeria and was not caused by the incumbent government led by President Bola Tinubu.

They said the present situation of things in the country is a cumulative effect and result of past bad governance, which logically and sensibly cannot be attributed to President Bola Tinubu’s administration, which is barely one year in the saddle.

Speaking during a press conference held at the Lagos Airport Hotel, Ikeja, the Coordinator of the Coalition, High Chief Anselm Njoku, said a national protest at a time when the Federal Government is trying to revamp the economy is going to be counterproductive, hence ill advised.

He said, “We are distancing ourselves and the entire Ndigbo in Lagos from the planned protest by some unscrupulous faceless elements, who are partly using Igbo nomenclatures to fan the embers of unsounded agitation. Nigerians should develop a culture of dialogue with the government and deploy constructive criticism without resorting to unnecessary provocative protests and violence.

“It is in this regard that we enjoin all Igbo of all extraditions, stakeholders, residents, traders, and captains of industries not to join in the protest. Lagos is Yoruba land, and Ndigbo, who are residents here, have contributed immensely to its development, so they cannot be used, coerced in whatever form, to destroy assets.

“We are not destruction-prone and cannot be part of those seeking to destroy what we partly built. Ndigbo are not wired for destruction but develop wherever we are residing.

“Let it be known that from all intelligence gatherings, the faceless organisers of this planned protest are not known to us, not Igbos, and are merely hiding under Ndigbo names, dropping Igbo names to create confusion and gather credibility.”

Njoku, who noted that President Tinubu inherited a bad economy and should be given time to settle down, thanked the President for approving the South East Development Commission and appealed to him to expedite action on the release of Mazi Nnamdi Kanu through a political process rather than judiciary means.

“We are also using this opportunity to thank President Bola Ahmed Tinubu for approving the South-East Development Commission, for deeming it right, and due to appoint an Igbo illustrious son as the Chief of Naval Staff, therefore allowing the Igbo ethnic group a say in the National Security structure. We will greatly appreciate it if the President makes the Commission rewarding and beneficial to Ndigbo in general, touching the lives of people in that zone.

“In line with the robust relationship between our President and the South-East people, we appealed to the President, as a gentleman Democrat, to expedite action on the release of Mazi Nnamdi Kanu through a political process rather than judicial means, just as many prominent Ndigbo leaders had recently appealed and advocated,” he advised.

Also speaking, the President, Ohanaeze Ndigbo, Lagos State, Chief Sunday Ossai, said the Igbo in Lagos have always been wrongly accused of organising protests in the state, which has always put their lives in danger.

“Ndigbo have always been wrongly accused, so we have come out to deny accusations against us. We don’t know anything about organising the protest. Ndigbo are not part of it. We are innocent. I appeal to Ndigbo to be cautious of their movements and urge them to stay home and not go for their businesses on the day of the protest,” he said.

PHOTOS L-R: Chairman, Aregbe Igbo Mandate, Lagos, Prince Udoka Echekwu; Chairman, Council of Ndieze, Lagos state, Eze Offia; Eze Ndigbo (Ikeja) and BOT Chairman, Council of Ndieze, Lagos state, Dr. Uche Dimgba; Coordinator, Coalition of Igbo Political & Socio-Cultural Groups, High Chief Anselm Njoku; President, Ohanaeze Ndigbo, Lagos state, Chief Sunday Ossia and President-General, Igbo Speaking Community, Lagos state, Chief Sunday Eze, during the Press Conference on the “Proposed Agitation/Protest in Nigeria” held at the Airport Hotel, Ikeja, Lagos on Tuesday 30th July, 2024

The Eze Ndigbo Ikeja and Chairman, Board of Trustees (BoT) of the Council of Ndieze, Lagos State, Eze Dr. Uche Dimgba, said Igbo will not participate in the national protest because they are not part of the planners, noting that all Ndigbo have been advised not to take part in the protest.

The President-General, Igbo Speaking Community, Lagos State, Sunday Eze, who noted that Igbo are legitimate businessmen and women, appealed to the Lagos State Government to protect their businesses, homes and their families during the protest as they are not part of it. “We cannot leave our hometown and come to Lagos to destroy property,” he said.

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Fire Outbreak Leaves Hundreds Of Traders Stranded At Yaba Market

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A major fire outbreak occurred at a market in the Yaba area of Lagos State in the early hours of Saturday.

The blaze, which reportedly began between 1:00 AM and 3:00 AM, has destroyed several shops and goods worth millions of naira, leaving numerous traders stranded and counting their losses.

Videos circulating on social media showed thick smoke and flames consuming parts of the market, while traders and residents scrambled to salvage belongings.

An eyewitness, Lugar Feliz, livestreaming on TikTok, noted that firefighters were already at the scene and identified the affected area as the Popo section of Yaba Market. Another user, Olamilekan Iyiola (@Olamilekan0932), described the incident as a “terrible fire outbreak in Yaba right now.”

Some residents expressed frustration over emergency response efforts. Adeoluwa (@Okunlola_Jude) reported that shops behind his property were completely destroyed, with losses estimated in the billions of naira. He added, “Fire service headquarters is just 10 minutes away, yet only one truck was brought to the scene.”

Sullex Print and Branding (@SullexBranding) also highlighted equipment challenges, claiming, “Three fire service trucks responded, but only one had water. The fire is currently at Ajibode Street, Yaba.”

As of Saturday morning, the cause of the fire remained unknown. No official statement has been released by the Lagos State Fire and Rescue Service regarding the extent of damage or potential casualties. Firefighting and containment efforts were ongoing, while residents called for enhanced emergency preparedness to prevent further losses.

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Union Bank Looted: How former directors gambled with billions and nearly destroyed a national bank

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The former directors and owners of Union Bank did not just fail, they engineered a financial disaster. They manipulated reports, hid massive losses, diverted foreign loans and treated depositors’ money like a private wallet.

 

Investigators uncovered billions of dollars in misconduct. These directors buried over ₦250 billion in losses, piled a $300 million foreign loan onto the bank without protection and then forced Union Bank to carry the burden. They even used the bank’s own funds to buy its shares, an outrageous betrayal of trust.

 

It didn’t stop there. Over $100 million was pulled out improperly, leaving the bank exposed and struggling. Loans meant for customers were secretly diverted into shady transactions. False reports were sent to lenders. The system was deliberately deceived.

 

This was not incompetence. It was exploitation.

 

By 2025, their actions had created nearly ₦400 billion in losses and over ₦147 billion in unpaid charges. The bank was on the edge.

 

The Central Bank of Nigeria (CBN) stepped in just in time. Without that intervention, Union Bank could have collapsed, dragging others down with it.

 

Now, the bank is stabilising. But let’s be clear: this recovery is happening in spite of those former directors, not because of them.

 

They didn’t build value. They destroyed it.

 

And Nigerians deserve to never forget who was responsible.

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Gumi Defends Dialogue As Sole Solution To Nigeria’s Insecurity

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Islamic cleric Sheikh Ahmad Gumi recently defended his past interactions with armed groups, stating he “took the bull by the horns” in 2021 as a necessary step to address Nigeria’s insecurity.

In a post shared on Facebook on Thursday, Gumi said decades of neglect of disadvantaged populations had created deep socio-economic inequalities, leaving many youths vulnerable to manipulation by external forces seeking to destabilise the country.

According to him, the widening gap between the rich and the poor has turned many young people into “ready-made foot soldiers” in cycles of violence that enable the exploitation of Nigeria’s resources.

He also criticised the political class for being largely unresponsive, while noting that the intellectual community is preoccupied with survival struggles.

Reflecting on his past efforts, Gumi said he “took the bull by the horns” in 2021 by attempting to reintegrate violent elements into society rather than allowing them to be further radicalised.

He wrote: “Nigeria for decades has ignored the underprivileged section of its society. There is a significant socio-economic discrepancy, and the society is stratified. This makes our teaming youth ready-made foot soldiers for any foreign interest trying to divide us and rule. To plunder our resources while we are involved in a vicious circle of violence.

”Unfortunately, the political class is unattentive while the intelligentsia is held hostage in the struggle for existence.

“In 2021, I took the bull by the horns in an attempt to bring some of these uncouth elements back to our fold rather than letting them be exploited by the devil.

“I still believe this is the only way out of our predicament. However, it needs the political will and determination to achieve.

“May Allah bring peace back to our nation.”

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