Business
GRIDLOCK: LAGOS BEGINS EVACUATION OF ARTICULATED VEHICLES ON APAPA- OSHODI EXPRESSWAY
In its determination to ensure free flow of traffic and safety on the road, the Lagos State Government on Wednesday commenced the process of clearing Apapa-Mile 2 axis of illegal parking of tankers and articulated vehicles.
This action, the Government said is aimed at freeing Apapa – Oshodi Expressway of avoidable traffic gridlocks, and making the axis accessible to other road users.
Speaking in Lagos after a visit to the area, the General Manager of Lagos State Traffic Management Authority (LASTMA), Mr. Olawale Musa said despite series of meetings the Agency had with the stakeholders on the imperative of freeing Apapa of all traffic impediments, vehicles were still parked on the roads. According to him, no responsible government would fold its arms and allow lawlessness and impunity to reign.
The General Manager stressed that the Governor Akinwunmi Ambode administration is alive to its responsibilities and will not shy away from attending to the plight of the people.
According to him, this informed the setting up of a Special Task Force comprising of Federal Road Safety Corps (FRSC), Nigerian Navy, Police, Civil Defence and Lagos State Traffic Management Authority (LASTMA) under the Chairmanship of the Lagos State Commissioner of Police, Edgar Imohimi to rid Apapa and environ of activities of illegal parking and menace of articulated vehicles.
He expressed optimism that with the creation of the Special Task, support and cooperation of other security Agencies and all stakeholders with LASTMA, issues of illegal parking of vehicles and other lawlessness will soon become a thing of the past.
Musa noted that at the stakeholders meeting held on Friday 17th November, 2017 at the NPA headquarters Marina, activities of articulated vehicles returning empty containers to the Port was identified as the major cause of traffic gridlock in the axis, as many of them had to wait up to ten days to discharge empty containers.
“This made them to park on the main carriageways for days and in the process impeding free flow of traffic. This was largely due to the fact that shipping companies that were supposed to provide holding bays for the empty containers in accordance with the license issued for them to operate in the country have either refused to provide or the ones existing were inadequate. The stakeholders have therefore resorted that henceforth, these vehicles are to use the following holding bays and terminals which includes, Comet Terminal, Joatelim, Ballore Transport and Logistics, HBX Terminal, Unity Bonded Terminal, Falcon Terminal, Port and Marine services and Duncan Terminal for their activities,” Musa said.
The LASTMA boss said the stakeholders also agreed that the all trucks currently loading at the port will be issued a docket indicating where they should return their empty containers instead of waiting ceaselessly on the roads to return them.
Musa assured the residents of Apapa and Lagos State in general that the current effort and exercise to restore sanity and orderliness to Apapa would be a continuous one, warning that anyone who defies government directive not to impede free flow of traffic will be dealt with according to the law.
He therefore enjoined all stakeholders especially the Shipping Council and Shipping Lines to sensitize and educate their members on the new directive.
According to him, “people should stop putting individual interest over and above public interest. Members of the public should also take possession of the already cleared roads, and not hesitate to inform the Agency of any broken down or abandoned tankers and trucks on Apapa – Oshodi Expressway as LASTMA has been empowered and positioned to response promptly to any distress.”
It would be recalled that owners and drivers of articulated vehicles illegally parked on the roads at Apapa and environ have been given up to the Friday, November 24 to remove them from and failure to do so would lead to full enforcement of laws.
Business
FirstBank Partners Eko Hotels & KEY Academy for ChessMasters 2026 Tournament
FirstBank Partners Eko Hotels & KEY Academy for ChessMasters 2026 Tournament
Lagos, 30 March 2025 – FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, has announced its strategic sponsorship of the second edition of ChessMasters, Africa’s largest school chess tournament. The announcement was made at the official press conference of the tournament held on 16 March 2026 at Eko Hotels and Suites, Lagos.
ChessMasters is an annual chess tournament designed to equip the next generation with critical thinking, problem-solving, and leadership skills. The competition targets children in primary school aged between 6 and 11 years old. Organised by Eko Hotels and Suites & KEY Academy , ChessMasters was created to provide thousands of children across Nigeria with opportunities to develop modern educational skills, bringing schools together on a national stage.
Speaking at the press conference, Olayinka Ijabiyi, Acting Group Head, Marketing & Corporate Communications at FirstBank, said, “Our sponsorship of ChessMasters 2026 reflects our commitment to building talents and communities, driving inclusion, and deepening engagement through our First@Sports initiative, a platform that celebrates talent and promotes social impact through sports. With over a century of supporting legacy sports in Nigeria, we are proud of our enduring partnerships – 105 years with the Georgian Cup, 65 years with the Lagos Amateur Golf Championship and 35 years with the Dala Hard Court Tennis Championship.”
Ijabiyi further highlighted how the sponsorship aligns with FirstBank’s sustainability pillars of Education, Health, and Welfare. “We recognise the potential of chess to help school-age children challenge themselves, think critically, and compete at the highest level, hence we see the tournament as a launchpad for a pan-African movement leveraging chess as a tool for education, empowerment, and leadership development. We are utilising this platform as another avenue to promote social impact and drive positive change in the community.”
Caline Chagoury Moudabar, Director and Co- Founder of ChessMasters and her partner Damilola Okonkwo of Key Academy, expressed appreciation for FirstBank’s support, noting that the partnership will help scale the impact of ChessMasters and inspire more schools to participate. “We are happy to welcome FirstBank on board. This collaboration will boost chess development in Nigeria and promote critical thinking among young minds. With support from partners like FirstBank, we are opening the doors of participation to more children and more schools in this year’s edition.”
Prince Adeyinka Adewole, Vice President of the Nigeria Chess Federation, commended the initiative, emphasising its role in nurturing future chess talents. “Chess connects people, ideas, and opportunities. It teaches children to be analytical, patient, and manage their time and resources effectively. Chess also improves concentration and has been particularly beneficial for children with autism.”
The second edition of ChessMasters will be held on Saturday, 2 May 2026 at Eko Hotels and Suites, Lagos. The competition is open to 150 schools across Lagos, with over 700 students expected to participate and vie for a total prize pool of N10 million.
FirstBank’s involvement in the 2026 edition of the tournament reinforces the potential of ChessMasters to become a launchpad for African children, leveraging chess as a tool for education, empowerment, and leadership development.
Business
Alpha Morgan Bank Reinforces Commitment to Education at Redeemer’s University Business School Commissioning
Alpha Morgan Bank Reinforces Commitment to Education at Redeemer’s University Business School Commissioning
Alpha Morgan Bank has reaffirmed its commitment to education and institutional development through its support for the commissioning of the Redeemer’s University Business School.
The Business School was officially inaugurated by Pastor (Mrs.) Folu Adeboye, at the commissioning ceremony attended by distinguished guests including Her Excellency, Mrs. Bola Obasanjo; the Pro-Chancellor and Chairman, Governing Council of Redeemers University, Professor Oluwatoyin Ogundipe; the Vice Chancellor, Professor Shadrach Olufemi Akindele; and other notable dignitaries.
Speaking at the event, the Managing Director of Alpha Morgan Bank reiterated the Bank’s commitment to supporting institutions that drive intellectual growth and national development.
As part of its broader focus on knowledge sharing and thought leadership, Alpha Morgan Bank will host its Economic Review Webinar in May 2026, bringing together experts to share insights on key economic trends and opportunities.
The Bank’s involvement reflects its continued dedication to empowering institutions and shaping the future of business and leadership in Nigeria.
Read more about Alpha Morgan Bank on www.alphamorganbank.com
PHOTO
L-R: Prof. Shadrach Olufemi Akindele, Vice Chancellor, Redeemers University, Engr. Eloka Eje, Dr Perez Araka, Pastor (Mrs) Folu Adeboye, Mother-In-Israel, The Redeemed Christian Church of God, Mr Ade Buraimo, MD/CEO Alpha Morgan Bank, Dr (Mrs) Oluwatomi Somefun, Dr. Simeon Ifere, at the inauguration of the Redeemer’s University Business School, Redemption City, Ogun State on Thursday 2nd April, 2026
Business
Tinubu Aide Rebuts Rufai Oseni Over ₦3.3tn Power Debt Deal
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