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Datkem plaza: Saving lives is not politics By Yemi Oke

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CSOs Petition Senate, Accuse Gbenga Daniel Of Plot To Destabilize Ogun State

Datkem plaza: Saving lives is not politics

By Yemi Oke

 

 

Because Nigeria is a clime where almost everything is given a political coloration, the partial demolition of Datkem Plaza, Ijebu Ode, a structure owned by Mrs Olufunke Daniel, the wife of an ex-governor of the state and the senator representing Ogun Central in the National Assembly, Gbenga Daniel, was always going to be seen by many through the lens of politics.

 

 

 

 

They have been conditioned by experience to see things through that lens. However, it is crucially important to go beyond politics in unraveling the present development. This is because a careful consideration of the facts of the case will show that the demolition is about law and order and public safety, and nothing more. There is no way a partial demolition that took place after more than 12 months of unheeded warnings can be seen as playing politics simply because those contravening the law are highly placed political persons. Indeed, it is absurd to see ordinary citizens who have suffered such fate as fully deserving of it and politically exposed persons as not. The idea of citizens potentially suffering as a result of the actions of highly placed individuals in the society organizing pity parties for them (highly placed people) after they have serially broken the law is not only absurd; it in fact amounts to self-abnegation.

 

Datkem plaza: Saving lives is not politics
By Yemi Oke

 

 

 

It is an open secret that the collapse of buildings has claimed thousands of lives and caused incalculable damage over the years. In April this year, a seven-storey building collapsed in the Banana Island area of Lagos, with workers trapped under the rubble. There is no way Nigerians are going to forget the November 1, 2021 tragic episode in which a 21-storey building being developed by Fourscore Homes collapsed in the Ikoyi axis of the state. The gory incident claimed 46 lives, including that of Femi Osibona, the owner of Fourscore Homes, while 15 others were rescued. In February 2022, a three-storey building collapsed in the Onike area of Yaba, leading to several casualties. In May of the same year, the collapse of a three-storey building in the Ebute-Meta axis of the state claimed at least eight lives, while in September 2022, a seven-storey uncompleted building collapsed at Oba Idowu Oniru street, Lekki. There have been many such incidents across the country.

 

 

Indeed, in January this year, the Building Collapse Prevention Guild indicated that over 271 buildings collapsed in the last 10 years, while at least 531 persons have died as the menace of crumbling structures continues to plague Nigeria’s building industry. The incidents were linked with professional ineptitude. The houses collapsed because of excessive loading, the use of substandard materials, faulty design, poor workmanship and weak foundation. The most tragic of the incidents was the collapse of a part of a multiple-storey building inside the Synagogue Church of All Nations (SCOAN), which left more than 80 worshipers dead, while several others were critically injured. One can go on and on, but the point is that the collapse of buildings is a potent threat to life and property that no reasonable government can afford to ignore because of personal friendship/relationship with people.

What are the facts of the present case? As revealed by the Permanent Secretary, Ministry of Physical Planning and Urban Development, Engr. Olayiwola Abiodun, Datkem Plaza, located in Ijebu Ode, is an illegal structure whose developers ignored all the efforts made by the state government to halt further development on the site. A commercial building of Datkem’s status must have a parking space to accommodate vehicular traffic within and outside the facility for workers and visitors. It must have stage certification, which is usually issued at every stage of construction. But the building did not, and the owners were served abatement, contravention, stop work and demolition notices between May and October 2022, which they ignored with relish.

Datkem Enterprises Limited submitted an application for an office building, located along Ibadan Road, Ijebu Ode in 2009 with registration number CB/05/299/2009, with a proposal was for five 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. However, the construction on site did not conform with the plan granted as there was a deviation from the airspaces and setback. That was not all: the building was enlarged with an additional storey building at the back, leading to over density. The government gave a contravention notice with serial no. 0106983 on May 24, 2022, and a stop work order with serial no. 000623 on May 24, 2022. Both were ignored, and so the government issued another stop work order with serial no. 001065 on July 22, 2022.

 

If the government stopped here, it would have been enough, but it actually went ahead to issue yet another demolition notice with serial no. 0007549 on October 11, 2022, while a notice to seal with serial no. 000815 was issued on October 4, 2022. Worst still, the re-sealing of the site on August, 1 this year did not stop work on the site. The developer wrote an appeal for unsealing, which was considered in order to evacuate the belongings on the premises and thereafter, quit notice with serial no. 0030750 was served on 31st august, 2023. Just where did the Ogun State government, which went over backwards to treat the developers with courtesy, go wrong in this matter?

In this country, developers routinely circumvent the law in erecting buildings and the cost of contravention is huge. If, on completion, Datkem plaza had collapsed and claimed many precious lives, the same people complaining now would have taken the Ogun State Government to the cleaners, blaming it for failing to act to save lives because of the status of its owners. The time has come for us to determine what we really want in this country. It is a fact that over the years, many buildings have collapsed because some people believed that they knew the people in government and could circumvent due process. A government cannot afford to play politics with the lives of the people. A structure such as Datkem must have structural integrity, escape routes and safety nets. Surely, Senator Daniel, an engineer himself, knows that. The owners of Datkem cannot produce any evidence of government approval in their possession simply because there is none. The Ogun State government merely acted to save lives.

Yemi Oke wrote this through [email protected]

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Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.

The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.

Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.

The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.

The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.

Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.

The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.

 

Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.

 

The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.

 

Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.

 

The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.

 

The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.

 

Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.

 

The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

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Alpha Morgan to Host 19th Economic Review Webinar

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Alpha Morgan to Host 19th Economic Review Webinar

 

In an economy shaped by constant shifts, the edge often belongs to those with the right information.

 

 

On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.

 

 

The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.

 

 

With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.

 

 

Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19

It is a bi-monthly platform that is open to the public and is held virtually.

 

 

Visit www.alphamorganbank to know more.

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GTBank Launches Quick Airtime Loan at 2.95%

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GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

GTBank Launches Quick Airtime Loan at 2.95%

 

Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.

 

In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.

For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.

Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”

Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.

With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank

Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.

About HabariPay

HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:

GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com

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