Business
DATKEM Plaza Is An Illegal Structure, Contravenes Ogun Physical Planning Laws
DATKEM Plaza Is An Illegal Structure, Contravenes Ogun Physical Planning Laws
Ogun State Government on Sunday said DATKEM Plaza, Ijebu Ode is an illegal structure without an approved plan.
The structure, the state government added, also contravened the state’s physical planning laws.
The government, in a statement signed by the Permanent Secretary, Ministry of Physical Planning and Urban Development, Engr. Olayiwola Abiodun said the structure violated the building codes of the state with numerous defects.
He said several efforts made by the state government to halt further development on site were ignored by the developers.
He said government officials requested the structural engineer in charge of the building to avail the state of the structural equilibrium of the building, a request that was ignored.
The statement recalled the various incidences of building disasters across the country, adding that the Ogun State Government will not fold its arm and allow and such occurrence.
It noted that many of such disasters, such as fire outbreaks at Ikorodu, led to the loss of precious lives.
According to the permanent secretary, what the government did in partially pulling down the defective building was to be proactive.
Engr. Abiodun challenged the owners of the structure to produce evidence of government approval in their possession.
He said that for a commercial building of that status, there must be parking space to accommodate vehicular traffic within and outside the facility for workers and visitors. The provision of the law is for 45 to 50 per cent of available land for construction as a buildable area.
The permanent secretary added that the building lacked stage certification, which is usually issued at every stage of construction.
He said that owners were served the necessary notices, including abatement, contravention, stop work and demolition between May and October 2022, which were ignored.
According to the statement, DATKEM Enterprises Limited submitted application for an office building, located along Ibadan Road, Ijebu Ode in 2009 with registration number CB/05/299/2009.
“The proposal was for five (5) floors with airspace of 3 metres at the right, 5m at the left, 5metres at the rear and a setback of 32.5516 metres to the middle of Ijebu Ode/Ibadan road, Ijebu-Ode.
“The Zonal Town Planning Office observed during routine monitoring that the construction on site did not conform with the plan granted as there was a deviation from the airspaces and setback.
“In addition, the building had been modified and enlarged with an additional storey building at the back thereby becoming over density.
“In view of the above, the following actions were taken:
“Contravention Notice with Serial No. 0106983 was served on 24th May 2022.
“Stop Work Order with Serial No. 000623 was served on 24th May 2022.
“Another Stop Work Order with Serial No. 001065 was served on 22nd July 2022 when the first notice was ignored.
“Demolition Notice with Serial No. 0007549 was served on 11th October 2022.
Notice to seal with Serial No. 000815 was served on 4th October 2022.
The statement noted further that despite all these notices, the developer was recalcitrant and continued with the construction work.
“This prompted the re-sealing of the site on 1st August, 2023. But the sealing did not stop the developer from further construction as work continued on the site.
“However, the developer wrote an appeal for unsealing, which was considered so as to evacuate the belongings in the premises. Thereafter, quit notice with Serial No. 0030750 was served on 31st August, 2023.
“In view of the above, since the developer had remained recalcitrant, the Zonal Town Planning Office’s recommendation for the demolition of the office building was upheld,” the statement added.
The state government reiterated its avowed commitment to ensure the safety of its citizens, adding that any defective buildings in any part of the state will be demolished to safeguard the lives of the people.
Tony Elumelu Entrepreneurs have collectively created 1.5 million jobs and generated $4.2 billion in revenue — Over 2 million Africans lifted out of poverty.
The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025.
The 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global economic headwinds. TEF continues to provide much-needed support, empowering African entrepreneurs to transform their ideas into sustainable businesses and engines of economic growth.
Each selected Tony Elumelu Entrepreneur will receive $5,000 non-refundable seed capital, a world-class business training on TEFConnect, one-on-one mentorship, and access to global networks and investment opportunities. The selection process is being conducted by Ernst & Young, to ensure independent assessment.
The impact of the Tony Elumelu Foundation extends beyond funding. It is changing lives and shaping Africa’s future, as witnessed by beneficiaries of the catalytic TEF Entrepreneurship Programme.
Ahead of the upcoming announcement, Tony O. Elumelu, C.F.R., Founder of TEF and Group Chairman of Heirs Holdings, reiterates his unwavering belief in the potential of Africa’s entrepreneurs:
“I believe that Africa’s transformation will not be led by aid, but by empowering the next generation of African entrepreneurs—giving them the tools, the funding, the training, and the networks to build sustainable businesses that create jobs and drive economic growth.
Over the past decade, we have nurtured entrepreneurs from inception to success, scaling our impact across all 54 African countries. We have provided capital and also developed a robust monitoring and evaluation framework that allows us to track the progress of our entrepreneurs and measure their contributions to their communities and economies.
No other organisation is implementing entrepreneurship development at this scale across Africa. We have learned, we have refined, and we continue to improve, ensuring that African entrepreneurs—women and men—are at the forefront of solving our continent’s challenges and creating wealth for themselves and their communities. Entrepreneurship is the key to Africa’s prosperity. I wish the 2025 cohort of Tony Elumelu Entrepreneurs success, as they chase their ambitions, and play their part in Africa’s transformation.”
The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries and ensuring inclusive economic empowerment.
Since the launch of the Tony Elumelu Foundation Entrepreneurship Programme in 2015, TEF has lifted over 2 million Africans out of poverty, provided 2.5 million young Africans with access to training on TEFConnect, and disbursed more than $100millon in direct funding to thousands of African entrepreneurs who have gone on to create over 1.5 million direct and indirect jobs and generate over $4.2 billion in revenue.
For more details on the Tony Elumelu Foundation’s impact visit our Impact Page, African Success Stories Page, and Annual Report Page.
For Media Inquiries: [email protected]
Tony Elumelu Entrepreneur Testimonials from Previous Years:
“I started my agribusiness with nothing but an idea. TEF changed everything. With the funding, training, and mentorship, I have now expanded across three countries and employ 25 people.”
– Fatima Diallo, Senegal, Agritech Entrepreneur
“As a woman in the fintech industry, it was difficult to secure funding. TEF not only provided me with capital but also the confidence and skills to build a business that is now attracting international investors.”
– Mary Okeke, Nigeria, Fintech Founder
“The TEF Entrepreneurship Programme helped me commercialise my clean energy innovation. Today, we provide solar solutions to over 50,000 homes in rural Tanzania.”
– Juma Nyerere, Tanzania, Renewable Energy Entrepreneur
For more details on the Tony Elumelu Foundation’s impact visit our Impact Page, African Success Stories Page, and Annual Report Page.
For Media Inquiries: [email protected]
Business
Federal Government Moves to Slash Sky-High Airfares as Minister Keyamo Exposes Airline Tactics
Federal Government Moves to Slash Sky-High Airfares as Minister Keyamo Exposes Airline Tactics
The Federal Government, through the Minister of Aviation and Aerospace Development, Festus Keyamo, has vowed to tackle the exorbitant cost of air tickets for both domestic and international flights, revealing major efforts to cut costs, enhance airport safety, and address airline pricing manipulations.
Speaking at the Ministerial Press Briefing in Abuja on Thursday, Keyamo exposed a series of economic and policy-based factors that have led to the skyrocketing price of flight tickets, making air travel increasingly unaffordable for Nigerians.
Why Are Airfares So Expensive? The Inside Story
Keyamo broke down the root causes of excessive ticket pricing, which include:
🔹 Limited access to affordable aircraft leasing, forcing Nigerian airlines to either lease aircraft at exorbitant rates or buy aircraft outright—a cost that ultimately burdens passengers.
🔹 Foreign airlines deliberately inflating ticket prices for Nigerian travelers due to fears of trapped funds and currency depreciation.
🔹 Heavy government-imposed airport taxes, which are among the highest in Africa, further pushing up fares.
Foreign Airlines Caught in the Act? Keyamo Exposes Pricing Tricks
In a shocking revelation, Keyamo unveiled how foreign airlines had been exploiting Nigerian travelers by restricting them to only the highest-priced tickets.
“We called international airlines and asked what they used to do. They said if you want to buy international tickets, you will see business class Z, grade J, different grades, but it’s all the same. One can be N2 million cheaper than the other. Those ones, they opened for countries where they could get their money immediately. But they now opened only the high fare for Nigerian passengers,” he disclosed.
He explained that because foreign airlines feared currency depreciation, they set high fares in anticipation of inflation affecting their trapped funds.
“They said because they were taking into account inflationary rates of the money that will be trapped, they didn’t know when they would get it back. So instead of selling a ticket for N2 million or N3 million, they sold it for N7 million. Meanwhile, Ghana had lower ticket prices,” he added.
Government’s Response: No More Exploitation!
The government, according to Keyamo, is actively engaging foreign airlines to adjust their pricing in line with the recently cleared backlog of trapped funds.
“President Bola Tinubu, being very smart on this, cleared that first. But even after clearing the backlog, they were still enjoying the high fares. So we told them, ‘No, you cannot continue to do this. The excuse is gone. Nigerian passengers must now get fair pricing like other countries.’”
The Nigerian Civil Aviation Authority (NCAA) is leading discussions with these airlines to force a price adjustment, ensuring that Nigerians no longer face inflated airfares.
Airport Taxes: Another Major Culprit
Keyamo acknowledged that Nigeria’s airport taxes are among the highest in Africa, further worsening ticket prices. However, he emphasized that reducing these taxes is not solely within his power, as it requires collaboration with the Ministry of Finance.
“The Nigerian Airspace Management Authority and the Federal Airports Authority of Nigeria are reviewing these charges, but I cannot singlehandedly reduce them. It involves the Minister of Finance,” he clarified.
He stressed that airlines pass these high taxes directly to passengers, further inflating ticket costs.
What Lies Ahead? Promises of Cheaper Flights Soon
Keyamo assured Nigerians that with ongoing government interventions—including negotiations with foreign airlines, new aircraft leasing agreements, and possible tax reductions—airfares will soon become more affordable.
“We are addressing these issues. The results will soon be visible with the Cape Town Convention and the Dublin Conference. The deals are coming in, and we will see the results soon,” he promised.
Final Verdict: Relief in Sight or Another Empty Promise?
While the Federal Government’s efforts signal hope for Nigerian travelers, many remain skeptical about whether these promises will translate into real, affordable ticket prices. Will Keyamo’s intervention finally ground the exploitative pricing system, or will passengers continue to pay the price for policy failures? Nigerians are watching closely.
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