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How Imo state government rendered citizens homeless by demolition + how they disobeyed court order to stop

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The Imo State capital, has been in the news lately for diverse reasons bordering on the good and the bad, according to the perceptions of the people. But of all the recent incidents and events recorded in the city, the ongoing demolition of structures has featured more prominently in the news as it continues to draw a lot of tears and scathing criticisms. Indeed, it has been outrage and lamentations galore since the state government commenced the demolition of properties as a prelude to the planned expansion of some roads in the state capital. Section of a school structure affected by the demolition exercise in Owerri The demolition, which started along the Amakohia/Akwakuma axis, saw the destruction of several ancestral homes, residential buildings, business concerns, the desecration of graves, parts of the premises of Sacred Heart Catholic Church, Akwakuma, Immaculate Conception Catholic Church, Amakohia and several others. Within the past week, some bank premises, the state headquarters of the Peoples Democratic Party and the residential home of the gubernatorial candidate of the All Progressives Grand Alliance, Captain Emmanuel Ihenacho have been visited pulled down by bulldozers. Establishments like the Federal Medical Centre, Owerri and the Alvan Ikoku Federal College of Education, AIFCE, also suffered same fate after being marked for demolition. Irked by the planned destruction of their institution’s properties by the Governor Rochas Okorocha administration Students of AIFCE last week stormed the streets of Owerri in protest. Although the students pleaded with Okorocha to drop the idea of destroying any part of the school premises, their pleas obviously fell on deaf ears as parts of the institution were later demolished. The incensed students have, however, vowed to do everything possible to ensure that the state government does not carry out its threat of also destroying the pedestrian bridge, perimeter fence, gate and other parts of the school. Some of the placards carried by the students read: “Okorocha, spare our pedestrian bridge”, “Okorocha cannot destroy the beauty of our College and security of students”, “Okorocha, leave us alone and continue your demolition exercise elsewhere”, and “Okorocha, please don’t provoke us”.

Similarly, economic activities were held up for hours in Owerri, following a massive protest against the proposed plan by Imo State Government to move artisans from the Orji and Nekede Mechanic Villages to Avu in Owerri West local council area of the state. Vanguard Metro reliably gathered that Governor Rochas Okorocha invited the artisans to a meeting but it was not very clear at press time, what went wrong before the aggrieved self-employed workers stormed the streets in a protest march. Some of the protesters expressed regret that the Governor had made up his mind to forcibly move them to a virgin land where no amenity is in existence. “I can tell you that we are not against his (Okorocha’s) government. If he insists that we should move to Avu, he should also do us the favour of putting some social amenities in place,” Mr. Edward Okoli said. “Some of us have built houses and other immovable structures in the Mechanic Villages, which cost us millions of Naira. Today, government wants to move us to a place that has nothing to support us and our jobs,” he added. Another artisan, who simply identified himself as Sylvester, said “there is no access road into the place, no electricity, no potable water and no buildings”. Court issues restraining order Apparently alarmed by the threat of imminent destruction of his personal residence, Captain Ihenacho approached the Federal High Court, Owerri, presided over by Hon. Justice Ambrose Lewis Allagoa. After listening to Ihenacho’s counsel, the court issued a restraining order against the Attorney General of the Federation, the Minister of Works, Power and Housing, the Governor of Imo State, Attorney General of Imo State, Commissioner of Works, Imo State, the Commissioner for Lands, Survey and Urban Planning, Imo State and the Imo State Government. This order of court was disobeyed. Capt. Emmanuel Ihenacho reacts “The signboard of Lamonde Guest House, owned by Rochas Okorocha, is located just  one metre from the culvert on Orlu Road. The gate of Lamonde Guest House is located less than 10 metres from the culvert. Neither the signboard nor the gateways was destroyed by Okorocha for road expansion. “The same Okorocha personally came to my residence with armed soldiers and other security officers on Thursday, July 7, 2016, to supervise the demolition  of my residence, up to 14 metres from the edge of the culvert, barely three days after a High Court order restraining him from the demolition”. Some affected victims speak Similarly, some residents of Amakohia and Akwakuma communities in Owerri North Local Council Area of the state, have decried the demolition of their homes and business outfits by government. A victim of the demolition, Nze Obinna Emereole, told newsmen that he recently accessed a loan from a micro finance bank, which he used to erect a building at Amakohia. While saying that the Owerri Capital Development Authority, OCDA, approved the building plan before he commenced the construction, Emereole however wondered why the Governor would personally supervise the destruction of his house. “Are we animals? Why must a government and governor we brought on board, treat us like animals? It is indeed most unfortunate. God is watching,” Emereole lamented. Governor’s Chief Press Secretary responds Reacting on behalf of his boss, the Chief Press Secretary to the Governor, Sam Onwuemeodo, had this to say: “Former Minister of Interior and the governorship candidate of the All Progressives Grand Alliance, APGA, in the State, Captain Emmanuel Iheanacho, has been very supportive to the Rescue Mission Government in the State since 2011, and that is why efforts by certain politicians in the State to incite him against the government has failed. “It is also against the backdrop of this development that Captain   Iheanacho would see the demolition of the fence of his house that was very close to the main road, and that is Orlu/Amakohia Road, as an action sincerely taken in the overall interest of the State and her people, and not out of malice. “And seeing the good work going on, on Amakohia/Orlu road, Captain Iheanacho would not have gone to Court for an Order to stop the good work; and that is why we had doubted the report on Court Order when we read it on the pages of newspapers; and that could be the reason that, uptill now, nobody has seen a copy of the reported Court Order. “The Governor and indeed the Rescue Mission government will continue to appreciate the support and understanding of Imo people, including Captain Iheanacho, whose fences or kiosks have been touched in the course of the expansion work going on, on some major roads within Owerri and environs in line with the Governor’s determination to make Owerri a model city. “The Governor will continue to work for Imo people with sincerity of purpose until his ambition of building a state of our collective dreams and aspirations is achieved. Imo PDP’s office is intact “The state office of the Imo State Chapter of the Peoples Democratic Party, PDP, on Okigwe Road, Owerri, is intact and has not been touched or demolished as being falsely claimed by certain elements,   especially in the social media, in the course of the expansion work going on, on that road. “But the front fence of the building housing the party’s office was touched because it was built very close to the main road and there was no way it would not have been affected by the on-going expansion work on that road. “It is very unfortunate that few indigenes of the state who have sworn not to appreciate any good thing being done by the government of Rochas Okorocha have been working tirelessly to use the expansion works on some major roads in Owerri and environs to blackmail the Governor vis-à-vis the government. “Most people in the state appreciate what the government is doing at the moment to add a lot of values to Owerri as the state capital and make it a model city. “The Governor has continued to appeal to the people of the state, especially those whose fences, kiosks and other structures have been touched for understanding.  The Governor’s ambition is to leave the state better than he met it and all hands must be on deck to encourage him in his effort to achieve that lofty goal.”

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ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

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ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

 

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Mubi, May 3rd, 2024

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Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa) commences the construction of a 500-capacity lecture theatre and wash facilities for the Adamawa State University, Mubi. This project is coming after the nomination of the institution as a recipient of the ASR Africa Tertiary Education Grant Scheme (TEGS), by the Board of Directors of the Abdul Samad Rabiu Africa Initiative.

 

 

 

 

 

ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

 

 

 

 

 

Speaking at the event, the Acting Vice Chancellor of the University, Dr. Stephen A. Lagu, expressed his appreciation to the Chairman of BUA group and ASR Africa, Abdul Samad Rabiu, for the rare philanthropy gesture towards the university. He stated that the intervention of the Chairman would reduce the physical infrastructure deficit at their new campus and promote sanitation and hygiene in the university. He added that the choice of the 500-seat lecture theatre with the four boreholes at different locations within the campus was identified and agreed to by the relevant organs of the institution with the ASR Africa team.

 

 

 

 

 

 

 

 

 

 

Dr Ubon Udoh (MD / CEO, ASR Africa), in his remarks, congratulated the institution for qualifying for the nomination by the Board of Directors of ASR Africa. He stated that the rigorous selection process which includes stringent criteria such as the quality of service delivered by the university and the pedigree of graduands from the institution at the national and international levels, proves that the university is keeping up with its vision as a leading institution of learning in the region. He encouraged the management and students to ensure proper use and maintenance of the facilities as a show of appreciation for the grant given to them.

 

 

 

 

 

ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

 

 

 

 

The Tertiary Education Grant Scheme of the Abdul Samad Rabiu Africa Initiative is part of the efforts of the Chairman of BUA Group and ASR Africa, Abdul Samad Rabiu to give back to the African continent and make a lasting impact in education as a means of uplifting and restoring the dignity and lives of Africans.

 

 

 

 

 

 

 

 

 

About ASR Africa

ASR Africa is the brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

 

 

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Rano: Inspiring Story Of An Ice block seller who became billionaire

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Rano: Inspiring Story Of An Ice block seller who became billionaire

 

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Alhaji Auwalu Abdullahi Rano, popularly known as A.A Rano transformed from a humble boy from Kano Village into a billionaire magnate, overseeing a conglomerate that includes 120 filling stations across Nigeria.

 

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Born into an average family in Lausu, Kano State, Rano started small, with an ice block and groundnut oil business, including other local items.

Rano: Inspiring Story Of An Ice block seller who became billionaire

 

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Rano has gone into building a multi-billion naira enterprise spanning various sectors of Nigeria’s economy.

 

 

Today, Rano owns AA Rano oil & Gas industry in Nigeria with 56 ML Tank farm in Lagos, with 120 retail outlet/ fillng stations across Nigeria and over 600 trucks & LPG terminals as well as acquired vessel (M.T LAUSAU).

 

His ventures include RanoGaz, a state-of-the-art Liquified Petroleum Gas (LPG) terminal, a rice milling company, Rano Lubricant, Rano Air, Lausu Marine and Logistics, AA Rano Terminal, and AA Rano Road Haulage.

 

@PUNCHNG

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Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

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Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

 

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Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

 

 

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In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, 30 April 2024.

 

 

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According to the statement, Gross Earnings increased by 89.9% yoy to N192.1bn from N101.1bn in Q1 2023. The increase was led by a combination of interest income (90.7% yoy) and non-interest income (84.0% yoy). Growth in interest income was primarily spurred by a higher yield environment and strong earning assets base, while the increase in non-interest income was led by double-digit growth in account maintenance charges, FX-related income, trade, banking services, and remittances, supported by increased customer transactions.

 

Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

 

 

Commenting on the results, Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc stated, “We are pleased to report another quarter of strong financial performance driven by our strategic focus on customer-centricity, digital innovation and operational excellence. Despite the challenging macroeconomic environment, we remained resilient and agile, delivering double-digit growth on key income lines while advancing our business sustainability agenda.”

In the period under review, the bank grew Net interest income grew by 89.5% yoy to N99.6bn from N52.6bn in Q1 2023, driven by interest and similar income as the yield on financial instruments improved to 14.7% from 10.1% in Q1 2023 (2023FY: 11.6%). In line with the steady rise in interest rates through the year, average funding cost increased by 80bps ytd to 5.2%. However, NIM came in at 8.8%

compared to 8.1% in 2023FY, as increafeatsed yield on earning assets surpassed funding cost to 15.1% from 13.3% in Q1 2023 (2023FY: 13.5%).

Similarly, Total Deposits increased by 17.2% ytd to N4.7tn from N4.0tn in 2023FY, driven by double-digit growth across all deposit types (demand, savings and term). Net Loans and Advances increased by 21.2% to N3.7tn from N3.1tn in 2023FY.

“Beginning the year on this inspiring note reaffirms our strategy of helping individuals to grow, inspiring businesses to thrive and empowering economies to prosper. We are committed to our guidance as we build a more resilient business franchise with a well-diversified earnings base in 2024,” explained Onyeali-Ikpe.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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