Business
Datkem plaza: Saving lives is not politics By Yemi Oke
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.
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]
FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan
For millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a home has remained just that – a dream.
But that narrative is quietly changing. Thanks to FirstBank.
The N1 Trillion Intervention Reshaping Access
In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.
Backed by the Federal Government’s N1trillion mortgage fund, the initiative is designed to empower Nigerians with affordable, long-term credit to own their homes.
9.75% Interest Rate in a 30% Lending Environment
MREIF is priced at 9.75% per annum, dramatically lower than prevailing commercial loan rates. Eligible Nigerians can access up to N100 million and repay within 20 years. This translates into significantly more manageable monthly repayments and greater long-term financial stability.
Built for Salary Earners, Entrepreneurs and the Diaspora
The MREIF mortgage facility has been structured to be inclusive. It is available to salary account holders, business owners and diaspora customers. Whether you are a young professional aiming to exit the rent cycle, an entrepreneur building generational stability, or you’re a Nigerian abroad looking to secure assets locally, the product opens a pathway that has historically been out of reach for many.
Taking the First Step
For those who have been waiting for the right time, this is definitely it. The question is no longer whether homeownership is possible. The real question is: will you act before the window narrows?
Visit https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ and in no time you could be the latest homeowner in town.
Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako
Marking another milestone in its expansion drive, Alpha Morgan Bank has opened a new branch in Utako, Abuja, reinforcing its strategy of building closer institutional ties within key business communities and bringing its financial expertise closer to individuals, and enterprises driving the city’s growth.
The new branch, located at Plot 1121 Obafemi Awolowo Way, Utako, Abuja is strategically positioned to serve individuals, entrepreneurs, and corporate clients within Utako and surrounding districts.
The expansion follows the Bank’s recently concluded Economic Review Webinar held in February 2026, as the bank continues to position as a thought-leader in the financial services industry.
Speaking on the opening, Ade Buraimo, Managing Director of Alpha Morgan Bank, said the move underscores the Bank’s commitment to accessibility and service excellence.
“Proximity matters in banking. As communities grow and commercial activity expands, financial institutions also evolve to meet customers where they are. The Utako Branch allows us to deliver our services to people in that community efficiently while maintaining the high standards our customers expect,”
The Utako location will provide a full suite of retail and corporate banking services, including account opening, deposits, transfers, business banking solutions, and financial advisory support.
Customers and members of the public are invited to visit the new Utako Branch to experience the Bank’s approach to satisfying banking.
Dangote Refinery Prioritises Domestic Supply Amid Global Energy Turbulence
By George Omagbemi Sylvester | Published by SaharaWeeklyNG
“Nigeria insulated from international fuel shocks as Dangote Petroleum commits to uninterrupted local delivery.”
Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to prioritising the domestic market, pledging to shield Nigerians from the ripple effects of ongoing global energy disruptions. The assurance, delivered in Lagos on 5 March 2026, comes as international refinery operations experience shutdowns or reduced output due to escalating Middle East geopolitical tensions, which have sent crude oil and petroleum product prices soaring worldwide.
“Our mandate remains clear: Nigeria’s local market takes precedence. In times of global supply shocks, we will continue to ensure that domestic availability of petrol, diesel, and kerosene is uninterrupted,” said Mr. Folorunsho Alakija, spokesperson for Dangote Petroleum Refinery.
The refinery’s declaration arrives amid mounting concerns over fuel scarcity, triggered by export restrictions imposed by major international producers, including China, and shipping delays that have further tightened global petroleum supply chains. Industry analysts have hailed the domestic focus as a critical buffer against volatility that could otherwise push Nigeria into deeper energy insecurity.
Domestic Shield Against Global Disruption
Dangote Refinery, Africa’s largest oil processing facility, has leveraged its multi-million-barrel refining capacity to mitigate Nigeria’s historical dependence on imported petroleum products. The company emphasised that prioritising local supply provides a strategic advantage in insulating the nation from international market shocks.
“Our refinery’s scale allows Nigeria to withstand short-term external disruptions. We have the infrastructure and capacity to meet local demand even when global supply chains falter,” explained Mr. Chijioke Okonkwo, Operations Director at Dangote Refinery.
The proactive approach is particularly significant as several international refineries have either reduced throughput or temporarily halted operations, causing a global scarcity of refined products. Experts warn that without domestic cushioning, fuel prices in Nigeria could have surged sharply, exacerbating inflationary pressures in a fragile economy.
Managing Costs While Prioritising Supply
In response to rising procurement costs for crude oil amid the international crisis, Dangote Refinery introduced a modest ₦100 per litre increase in the ex-depot price of Premium Motor Spirit (PMS), absorbing roughly 20 percent of the cost escalation to lessen the impact on consumers.
“We are balancing operational sustainability with affordability. While global prices have risen sharply, we have chosen to absorb a significant portion to protect Nigerian households and businesses,” noted Mr. Emmanuel Adeyemi, Chief Finance Officer.
This pricing strategy underscores the refinery’s dual focus: ensuring uninterrupted supply while cushioning the public from abrupt spikes that could destabilize economic activity. Industry observers have lauded the approach as pragmatic, considering the volatility in international oil markets.
Strategic Distribution Initiatives
Beyond refining, Dangote Petroleum has initiated Compressed Natural Gas (CNG) powered trucks to enhance nationwide distribution efficiency. The initiative seeks to reduce logistics costs and carbon emissions while ensuring a more reliable delivery network to petrol stations across urban and rural areas.
“Logistics is a critical part of the energy supply chain. By deploying CNG-powered trucks, we reduce dependency on expensive diesel, lower delivery costs, and improve supply reliability across the country,” explained Ms. Funke Adedoyin, Head of Logistics Operations.
This strategic move reflects a broader commitment to modernising Nigeria’s petroleum distribution infrastructure, reducing bottlenecks that have historically contributed to scarcity at retail outlets.
Implications for National Energy Security
Nigeria has historically struggled with fuel imports to meet domestic demand, making the country vulnerable to international market fluctuations. Dangote Refinery’s prioritisation of local supply mitigates this vulnerability by leveraging home-grown refining capacity, which allows for timely access to petroleum products and less reliance on foreign shipments.
“With Dangote Refinery leading local prioritisation, Nigeria is less exposed to global fuel shocks. The country is moving towards self-reliance in petroleum product supply,” commented Dr. Halima Suleiman, energy sector analyst.
Experts note that sustained operations at the refinery not only enhance energy security but also preserve foreign exchange, reduce import bills, and stabilise domestic market prices.
Corporate Social Responsibility and Market Stability
The refinery’s commitment is part of a broader corporate responsibility framework. Dangote Petroleum continues to engage with government agencies and regulatory bodies, ensuring that domestic supply is coordinated with Nigeria’s Petroleum Product Pricing and Regulatory Agency (PPPRA) to prevent panic buying and market distortions.
“We are in constant consultation with the government to ensure that our supply strategies align with national economic priorities,” said Mr. Alakija.
Such collaboration helps avert artificial shortages, stabilises pump prices, and maintains confidence in the domestic fuel market. Analysts argue that this approach exemplifies how private sector capabilities can complement governmental policies to enhance national resilience.
Navigating Global Uncertainties
The refinery operates in a complex global environment, where geopolitical crises, shipping constraints, and crude oil volatility can trigger disruptions. Dangote Petroleum’s domestic-first approach positions Nigeria to weather such crises more effectively.
“Global uncertainties are unavoidable, but our infrastructure and strategy ensure that Nigerians remain insulated from immediate shocks,” said Mr. Okonkwo.
This emphasis on resilience aligns with global best practices, where national refining capacity is leveraged to protect local markets from international supply disruptions.
Stakeholder Reactions
The government, civil society, and industry stakeholders have welcomed Dangote Petroleum’s strategy. Officials from the Federal Ministry of Petroleum Resources noted that prioritising local supply aligns with Nigeria’s energy security policies and reduces the burden of foreign exchange expenditures on crude imports.
“Dangote Refinery is demonstrating leadership. Its domestic prioritisation ensures that the Nigerian economy remains insulated during turbulent global markets,” said Dr. Tunji Olumide, Special Adviser on Energy.
Consumers have also expressed cautious optimism. Retail operators and commuters reported steadier fuel availability in Lagos and other cities, though concerns remain about sustained pricing and distribution efficiency.
The Road Ahead
While Dangote Refinery’s strategy provides immediate relief, experts argue that long-term stability requires further investments in alternative energy, diversified refining infrastructure, and strategic reserves. This ensures that Nigeria can withstand global shocks without relying excessively on imports or temporary supply adjustments.
“Short-term measures like prioritising local supply are critical, but long-term energy security demands diversification, renewables adoption, and consistent policy implementation,” said Dr. Suleiman.
The refinery is exploring additional initiatives, including expanding storage capacity, upgrading pipeline networks, and adopting technology-driven monitoring systems to ensure supply continuity across the country.
Final Take
By prioritising domestic fuel supply amid global market turbulence, Dangote Petroleum Refinery and Petrochemicals has demonstrated its role as a stabilising force in Nigeria’s energy sector. Through strategic logistics, modest pricing adjustments, and engagement with government regulators, the refinery is insulating the nation from international shocks while maintaining operational sustainability.
“Our responsibility extends beyond profitability; it’s about ensuring Nigerians have reliable access to essential fuel. We take that mandate seriously,” concluded Mr. Adeyemi.
The refinery’s actions offer a blueprint for how large-scale domestic capacity can protect national economies in times of global energy instability, underscoring the critical intersection of private sector resilience, public policy, and national energy security.
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