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LAGOSHOMS BENEFICIARIES TAKE FULL OWNERSHIP OF PROPERTIES
…..Sanwo-Olu presents Exit Certificates to allottees, initiates new redemption policy to service mortgage
…..Governor names Ilupeju LagosHOMS Estate after late Oba Olatunji Hamzat
First set of beneficiaries of Lagos Home Ownership Mortgage Scheme (LagosHOMS) have fulfilled their 10-year payment obligations to fully own the properties allotted to them by Lagos State Mortgage Board in 2014.
Governor Babajide Sanwo-Olu presented Exit Certificates to the allottees at a ceremony held in NECA House, Ikeja, on Thursday. The instruments now fully conferred the ownership rights of the properties on the beneficiaries, following the completion of their mortgages.
The properties, which were built by the State Government, were purchased and allotted through a rent-to-own scheme managed by the Board. Since inception of the mortgage scheme in 2014, no fewer than 20,000 Lagosians have subscribed to the scheme, which has made it easier for people with limited capital to buy and own decent homes.
LagosHOMS is a welfarist initiative designed by the Lagos State Government to bring succour to low- and middle-income families and assist them in achieving their dreams of becoming property owners.
Sanwo-Olu said the fulfillment of the mortgage obligations by the allottees was a proof of acceptability of the scheme among State’s residents. He said the State Government had made significant strides in the provision of affordable housing, with renewed efforts to address the housing deficit through a number of simple interest schemes designed for average families.
The Governor reiterated that his administration remained steadfast and committed to reducing the deficit in the State’s housing market, while making affordable homeownership options available for the State’s growing population.
He said: “Today, we celebrate a decade of social housing delivery through LagosHOMS, which reflects the progress we have made in our journey towards providing affordable housing for the people of Lagos. We are marking the successful ownership of homes by Lagosians who have fulfilled their mortgage obligations. This is proof of our administration’s commitment to making homeownership a reality for our citizens.
“We remain steadfast in our efforts to reducing the housing deficit in Lagos and providing more affordable options for our growing population. Our focus will continue to be on increasing access, while improving the quality of our housing units, expanding mortgage financing options, and collaborating with stakeholders to drive further housing development and enhance the lives of our citizens.”
Sanwo-Olu, at the event, approved a new LagosHOMS redemption policy, which presents an opportunity for an early exit from the mortgage rent-to-own contract.
According to the new policy, allottees that have spent a minimum of six years on the rent-to-own scheme and can afford to pay off their balance ahead of time can now exit without having to wait until the 10th year originally agreed in their allocation documents.
The Governor said his administration introduced and supported legislative reforms aimed at streamlining housing delivery processes, reducing bottlenecks in land acquisition, and ensuring transparency in housing allocation.
The Deputy Governor, Dr. Obafemi Hamzat, said the mortgage financing model was key to addressing housing demand and enhancing development in the States.
He said: “All over the world, housing demands have been adequately managed through the mortgage system. The scheme makes it easy for an average income earner to own a home without having his life disrupted. It reduces the stress of having to build bit by bit.”
Commissioner for Housing, Hon. Maruf Akinderu-Fatai, said the completion of the mortgage obligations by the allottees made the State Government to be proud of the initiative, stressing that the scheme was a testimony to sustainability of governance in Lagos.
The Commissioner said 75 per cent of housing stocks built by the Ministry of Housing was allocated for LagosHOMS, with 6 per cent simple interest rate.
Akinderu-Fatai urged beneficiaries to maintain the aesthetics and structural standard of the properties bequeathed to them.
General Manager of Lagos State Mortgage Board, Mr. Bayowa Foresythe, explained that the allottees went through the pre-qualification process, which assessed their Debt-to-Income (DTI) ratio before finally being issued allocation documents and keys.
He said the monthly payments by the mortgagors were re-invested into provision of more affordable housing units across the State.
“We use this opportunity to encourage other beneficiaries of our mortgage and rent-to-own schemes, who are yet to complete their obligations to continue making their repayments, insurance and facility management fees as at when due. This will help in maintaining the schemes for sustainability,” Foresythe said.
Sanwo-Olu named the Ilupeju LagosHOMS Housing project after the late Oba Mufutau Olatunji Hamzat, an elder statesman, political leader in Mushin and father of the Deputy Governor.
News
Ignore Fake February 2 Sit-at-Home Order, IPOB Lawyer Tells South-East Residents
A human rights lawyer and lead counsel for the Indigenous People of Biafra, Sir Ifeanyi Ejiofor, has urged South-East residents to completely ignore what he described as a “fraudulent” sit-at-home order allegedly scheduled for Monday, February 2, 2026, by a faction of the group.
Recall that the pro-Biafran group, through its spokesman Emma Powerful, had directed a sit-at-home on February 2 across the region in solidarity with traders at the Onitsha Main Market.
Powerful said the total shutdown in Biafraland is a direct, peaceful, and unified response to the actions of Anambra State Governor, Prof. Chukwuma Soludo, who ordered the closure of the Onitsha Main Market for one week.
But in a counter statement released on Saturday, Ejiofor said the source behind the directive, operating under the guise of “Emma Powerful,” has been compromised and is acting against the collective interest of Ndi-Igbo.
He insisted that IPOB has formally and decisively distanced itself from the false sit-at-home order and directed Ndi-Igbo to go about their lawful activities without fear.
The statement read in part: “Once again, the well-worn theatre of misinformation has opened its curtains, this time with a particularly lazy script and an insultingly predictable cast.
“Late yesterday, a report was widely circulated alleging that a total lockdown of Ala-Igbo had been ordered under the guise of a sit-at-home directive purportedly issued by ‘Emma Powerful,’ slated for Monday, February 2, 2026.
“Let it be stated clearly, unequivocally, and without ambiguity: this directive is fake, a phantom, a calculated falsehood.
“Upon careful inquiry and diligent verification, especially considering the delicate and hard-won calm presently returning to our homeland, it became glaringly obvious that the so-called ‘Emma Powerful’ platform has been fatally compromised.
“It has been hijacked by vested interests whose business model thrives on fear, disruption, extortion, and the cynical exploitation of vulnerable communities.
“The peaceful global movement of the IPOB has formally and decisively disowned this fabricated publication, categorically distancing itself from the false sit-at-home order and directing Ndi-Igbo to go about their lawful and normal activities without fear.
“Going forward, the message from IPOB is unmistakable: any publication attributed to ‘Emma Powerful’ should be treated with extreme suspicion, if not outright contempt.
“Frankly, one cannot but express astonishment, bordering on disbelief, that at such a critical juncture, when relative peace is cautiously resurfacing in Ala-Igbo, anyone would recklessly circulate information capable of reopening wounds and inviting criminal infiltration.
“History has taught us, at unbearable cost, what happens when fake directives fall into the hands of violent opportunists masquerading as enforcers.
“It is therefore no longer sufficient to merely advise our people to ‘ignore’ publications from this source. The time has come for greater clarity and firmness. The platform known as ‘Emma Powerful,’ in its current corrupted state, has positioned itself as an adversary to Ala-Igbo’s peace, progress, and collective well-being.”
According to Ejiofor, the peaceful global movement must go further by publicly and definitively explaining why this source has become unreliable, compromised, and hostile to the collective interest of Ndi-Igbo. Silence, ambiguity, or polite distancing, he said, only leaves room for further abuse.
“A masquerade that dances with fire should not be mistaken for a messenger of truth,” the statement concluded.
News
Joint Task Force Crushes Terrorist Cells In North East, Heavy Weaponry Seized
In recent operations across the North East, troops of the Joint Task Force Operation HADIN KAI (OPHK) have neutralized scores of terrorists and recovered a significant cache of arms and ammunition.
Lieutenant Colonel Sani Uba, Media Information Officer, Headquarters Joint Task Force (North East) in a statement said intelligence has confirmed the killing of JULAIBIB, a top ISWAP commander operating within the Gujba axis of the Timbuktu Triangle, during an encounter around Kimba, Damboa LGA of Borno State, on 30 January 2026.
According to the statement, the elimination of the terrorist leader has thrown ISWAP elements in the area into disarray, with several fighters reportedly neutralised during the operation.
In a related operation, troops of OPHK, working in collaboration with the Civilian Joint Task Force, neutralised 3 terrorists during a well-coordinated ambush between Ngazalgana and Lamusheri communities in Borno State.
It said the operation followed credible intelligence on insurgent movements in the area, as troops laid an ambush along the identified route and engaged the terrorists with effective firepower, resulting in the neutralisation of 3 insurgents, while others fled with gunshot injuries.
The statement said troops recovered two AK-47, adding that the operation forms part of sustained efforts to deny terrorists freedom of movement and degrade their operational capabilities across the Theatre.
It said troops also recorded multiple successes in Adamawa State, adding that on 29 January, 2026, troops responded swiftly to a distress call from Barama community, Mubi North LGA, foiling an armed robbery attempt. Two armed robbery suspects attempting to attack a student of the Federal Polytechnic, Mubi, were arrested. One suspect sustained a gunshot wound to the thigh while attempting to confront the troops and was evacuated to the Federal Medical Centre, Mubi, for treatment.
The suspects were subsequently handed over to the Nigeria Police for further investigation. Items recovered include 3 cutlasses, 2 laptops, 4 mobile phones, and one power bank.
News
Appeal Court Affirms Death Sentences for Five Offa Bank Robbery Convicts
The Court of Appeal sitting in Ilorin, Kwara State has affirmed the death sentences passed on five 2018 Offa robbery convicts.
The court dismissed their appeals as lacking merit.
The Director of Public Prosecution (DPP) in the state, Mohammed Akande, who witnessed the proceedings, said that the three Appeal Court judges unanimously agreed on the judgement and affirmed the verdict of the state High Court condemning the five persons to death by hanging.
“The Court of Appeal, Ilorin Division comprising of Hon. Justice Ridwan Maiwada Abdullahi JCA, Hon. Justice Gabriel Kolawole JCA and Hon. Justice Abdul Dogo today, Friday affirmed the judgment of Hon. Justice H. A. Saleeman of the Kwara State High Court, that sentenced the Appellants: Niyi Ogundiran, Salawu Azeez, Ibikunle Ogunleye, Ayoade Akinnibosun and Adeola Abraham to death by hanging for the involvement in the Offa Bank Robbery”.
Another official of the Court also said that the appellate court rejected all the grounds of appeal filed by the convicts and ordered their immediate return to prison custody.
“The court dismissed all their grounds of appeal and upheld their convictions. They have been taken back to prison,” the official said.
The official said that the arguments raised at the Court of Appeal were unconvincing and may not succeed if repeated at the apex court.
It is recalled that Ayoade Akinnibosun, Azeez Salahudeen, Niyi Ogundiran, Ibikunle Ogunleye and Adeola Abraham were convicted of armed robbery, illegal possession of firearms and culpable homicide.
A sixth suspect, Michael Adikwu, a retired police officer, died in custody before the commencement of the trial.
At least 32 people were killed, including nine police officers, two of whom were women, making it one of the deadliest bank robberies in Nigeria’s history.
Justice Haleemah Saleeman of the Kwara State High Court had earlier sentenced the five convicts to death by hanging after a trial that lasted about six years and attracted nationwide attention.
In her judgment, which lasted over four hours, Justice Salman held that the prosecution proved its case beyond reasonable doubt.
She said the convicts “acted contrary to the law and allowed their connections with those in power at the time to lead them astray”.
In addition to the death sentence, the trial court also sentenced them to three years’ imprisonment for illegal possession of firearms, in line with provisions of Nigeria’s penal laws.
Lead prosecution counsel, Rotimi Jacobs (SAN), described the appellate court’s decision as thorough and well considered, despite the prolonged delays that characterised the trial.
On the defence side, Abdullah Jimba, counsel to one of the convicts, said that preparations were underway to pursue a final appeal at the Supreme Court.
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