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IBEJU-LEKKI: THE SOUGHT-AFTER NEWEST OIL MONEY by Dennis Isong

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IBEJU-LEKKI: THE SOUGHT-AFTER NEWEST OIL MONEY by Dennis Isong

IBEJU-LEKKI: THE SOUGHT-AFTER NEWEST OIL MONEY by Dennis Isong

 

 

On the 24th of January, 2023, it was an honor for the Lagos State Government to receive the President of the Federal Republic of Nigeria, President Muhammadu Buhari to commission the:

 

  1. Dangote Oil Refinery
  2. Lekki Deep Seaport
  3. Imota Rice
  4. 4th Mainland flag off

 

 

IBEJU-LEKKI: THE SOUGHT-AFTER NEWEST OIL MONEY by Dennis Isong

 

All of these places are in Ibeju-Lekki axis.

 

In the Lekki Free Zone Lagos, Nigeria, the Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery project. It is anticipated to be both the largest single-train facility in the world and the largest oil refinery in Africa.

 

With 1,100 kilometers of pipeline infrastructure and the capacity to handle 3 billion standard cubic feet of gas per day, the Dangote Petroleum Refinery has the largest pipeline infrastructure in the whole globe. The Refinery alone has a 435MW Power Plant that can supply all of Ibadan DisCo’s energy needs.

 

 

The Refinery will have a surplus of each of these goods for export in addition to meeting the whole Nigerian demand for all refined products. A $21 billion market for Nigerian crude will be created by the multi-billion dollar Dangote Petroleum Refinery. With the ability to process various crudes, it is intended to process Nigerian crude.

 

 

THE LEKKI DEEP SEAPORT

 

The federal government, acting through the Nigerian Ports Authority (NPA), the Lagos State Government, the Tolarams Group (owners of the Lagos Free Zone), and China Harbour Engineering Company are partners in the $1.5 billion LEKKI DEEP SEAPORT project.

 

Executive Secretary, Nigerian Shippers Council (NSC), Emmanuel Jime said,

“Lekki deep seaport represents a dynamic change as far as the maritime domain is concerned. This is a fully automated port. The implication of that is that for once we are going to have a port that will ensure not only that things are conducted diligently but also seamlessly.”

 

 

THE LAGOS STATE IMOTA RICE MILL manufacturing facility in Ikorodu was inaugurated by President Muhammadu Buhari on Monday, increasing Nigeria’s capacity to produce rice.

 

The mill is anticipated to increase the nation’s ability to produce domestic parboiled rice. The mill aspires to dominate the market as a producer of luxury brands.

 

“The Imota Rice Mill is an effort by Lagos State to support the country’s rice revolution,” Babajide Sanwo-Olu, governor of Lagos State said at the commissioning. “It will create jobs and help drive sustainable growth and we are glad to be part of the country’s agricultural revolution.”

 

 

The Lagos State Government announced on Friday that the FOURTH MAINLAND BRIDGE project’s scheduled development will be finished in 2027.

 

Once finished, the bridge will be the second-longest in Africa and feature three toll plazas, nine interchanges, a 4.5-kilometer Lagoon Bridge, and an environmentally favorable setting.

 

It is anticipated to be around 37 kilometers long and will begin at Abraham Adesanya in Ajah on the Eti-Osa-Lekki-Epe corridor, travel via Ikorodu, Nigeria’s Owutu/Isawo, and end at the Lagoon Expressway beachfront. In 2027, the project will be finished.

 

 

 

Ibeju Lekki is a rapidly developing area in Lagos, Nigeria that has seen significant growth in recent years.

 

 

 

The area is known for its beautiful beaches, natural resources, and proximity to major business and industrial centers.

 

Buying a property in Ibeju Lekki can be a great investment decision for several reasons, most especially, now that there are 4 massive projects commissioned to run concurrently.

 

What does that imply? Buying property in this area is the potential for significant appreciation in value.

 

 

 

As the area continues to develop and attract more businesses and residents, the demand for real estate in Ibeju Lekki is likely to increase now, leading to higher property values.

 

Another benefit of buying property in Ibeju Lekki is the potential for rental income. As more people move to the area for work at these sites and leisure, the demand for rental properties is likely to increase. This can provide investors with a steady stream of passive income.

 

Ibeju Lekki is also known for its beautiful beaches and natural resources, making it a popular tourist destination. This can open up opportunities for investors to develop and operate hotels, resorts, and other tourism-related businesses.

 

Another important factor to consider when buying a property in Ibeju Lekki is the infrastructure and amenities in the area.

 

 

The government has been making significant investments in improving the infrastructure in the area, including the construction of new roads, power and water supply, and other basic amenities. The commissioning of the huge projects is another fact that signifies the interest of the government in Ibeju-Lekki.

 

 

 

 

For instance, the Lekki Epe Expressway which connects Ibeju Lekki to the rest of Lagos and other parts of Nigeria has significantly improved the accessibility of the area. This has made it easier for residents and businesses to move in and out of the area, boosting the economy and overall development.

 

 

 

There are also several high-quality educational institutions, healthcare facilities, and shopping centers in the area, providing residents with access to essential services and amenities.

 

 

 

 

Furthermore, Ibeju Lekki is also home to several gated estates and estates like Eleko beach and La Campaign Tropicana Beach Resort, where you can find luxury amenities like swimming pools, gyms, and recreational parks.

 

 

In conclusion, for individuals wishing to profit from the region’s potential for growth and development, purchasing real estate in Ibeju Lekki is a wise investment choice. Ibeju Lekki is positioned to become one of the most sought-after districts in Lagos, Nigeria, thanks to its stunning beaches, abundant natural resources, proposed government projects, and expanding infrastructure and facilities.

 

 

Before making any investment decisions, it’s crucial to conduct your research and speak with a real estate agent and financial advisor.

 

 

 

Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

 

 

 

 

 

 

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TAIWO OYEKAN To Empower Lagos Island Vulnerable Residents With N20 Million

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*TAIWO OYEKAN To Empower Lagos Island Vulnerable Residents With N20 Million*

*• Nigeria Police Force To Receive Patrol Vehicle*

*• Others To Be Gifted Assorted Food Items, Filled Gas Cylinders*

In his continued effort to upscale the Standard of Living of Residents across Nigeria”s Premier Local Government Area, Hon. Prince TAIWO AJIBADE OYEKAN has concluded plans to gift Twenty Million Naira (N20,000,000) to Widows, Elderly Locals, Physically Challenged Persons, Petty Traders, Artisans and Technicians.

In addition, The Deputy Leader of Lagos Island Local Government Legislative Arm will donate a Patrol Vehicle to the Nigeria Police Force to improve security architecture on the Island.

Hundreds Of Bags Of Rice and Filled Gas Cylinders will also be distributed.

According to Hon. Oyekan, the Socioeconomic Intervention Initiatives are designed to complement the efforts of the State and Federal Governments in Poverty Alleviation and Security of Lives and Property.

“I am passionate about uplifting the vulnerable in our communities and I will not relent. We must brighten the hope of the people and make the world a better place”. He said.

Recall that the Iconic Council Legislator had in March disbursed N10 Million and in May, N5 Million respectively to the Indigents and Small Scale Business Owners to promote local economy and Residents’ standard of Living.

In December 2023, A Utility Bus was presented to a Lagos Community Security Outfit (The Isale-Eko Community Security Team,
Folumo), an intervention geared towards promoting community Policing.

Hon. OYEKAN’s Action Plans were commended by Community Leaders, Party Chieftains and Stakeholders in the State.

The Date and Venue of the much-talked about MEGA PLUS ECONOMIC EMPOWERMENT will be announced soon.

… It’s About The People And Our Communities

… Determined To Do More For Betterment Of Humanity

*© PTO Media & Strategy Centre*

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Christmas In Delta: Organizers Announce Second Edition Of Africa’s Most Anticipated Event

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Christmas In Delta: Organizers Announce Second Edition Of Africa’s Most Anticipated Event

 

 

The organizers of “Christmas in Delta” have officially announced the second edition of the much-anticipated 45-day Christmas festival.

Set to take place in the oil-rich Delta State, the sequel of the inaugural edition of Christmas in Delta follows a highly successful inaugural edition celebrated in 2023, attracting about a million enthusiastic guests.

Scheduled to run from December 1, 2024, to January 14, 2025, the festival is expected to attract over one million visitors, promising a season of celebration, community, and unforgettable memories.

Organised by Omu Resort, a respected name in entertainment and event management known for creating immersive theme parks and unique experiences, this year’s festival is expected to further establish Delta State as a prime holiday destination in Nigeria

Synonymous with Christmas, this year’s festivities will begin with a grand Christmas light-up ceremony at Asaba’s Christmas Village, graced by the presence of Delta State Governor, His Excellency Sheriff Oborevwori. The event promises a rich mix of entertainment, culture, and commerce, with the potential to significantly contribute to Delta State’s economic growth.

Festival highlights include a friendly soccer match featuring Super Eagles players of Delta origin against Delta Nollywood stars, as well as the captivating “Asaba Art Exhibition”. Additional events lined up to delight attendees include an exhilarating Car Drifting Show featuring top drifters, the colorful “Warri City Carnival” on December 22, and an immersive “Warri Christmas Experience’, complete with the inspiring “Shekere Praise & Worship” on December 24. The festivities will culminate in a grand synchronized fireworks display, lighting up all local government areas in Delta State during the much-anticipated “Delta Fireworks Display Night”. Further excitement will be provided by a DJ Rave and the “Osubi End-of-Year Concert” to bring the celebration to a spectacular close.

Project Manager, Daniel Eguyenga, highlighted several exciting new attractions for this year’s edition. Among the fresh additions are car drifting exhibitions, thrilling bike displays, and a novelty soccer match, promising an even more engaging experience for all attendees.

Eguyenga also noted the expanded schedule of events in Warri, with “The Warri Experience” added as a new centerpiece. This includes a vibrant gospel concert and the inaugural “Warri Festival”, a celebration of the rich cultural diversity of the region. Combined with returning favorites, such as Africa’s tallest Christmas tree, these additions ensure an enchanting experience at “Christmas in Delta”.

Emmanuella Osakwe, a member of the “Christmas in Delta” organising committee, expressed similar excitement, assuring that the Delta festival will be a memorable event. “We’ve made every effort to ensure that guests will enjoy a wide array of exciting activities and experiences,” she shared.

With the upcoming “Christmas in Delta”, this festive season promises a dynamic blend of tradition, celebration, and community spirit for all in attendance.

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EFCC: AS THE NATION AWAITS THE SUPREME COURT By Tunde Nasir

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EFCC: AS THE NATION AWAITS THE SUPREME COURT

By Tunde Nasir

Since the new EFCC Chairman, Olanipekun Olukoyede assumed office about one year ago, the fight against corruption, financial and cyber crimes, has taken a new heightened and reinvigorated dimension to the admiration of those who are genuinely concerned about fighting the cankerworm of corruption that has bedeviled our nation almost to a standstill.

Ola Olukoyede, a Pastor, seems to be following the Biblical injunction, as he declared from the outset his intention to combat the evil of corruption vigorously as a means of fostering economic development of the nation.

Perhaps, following the promise of God in Joel 2:25: “I shall restore to you the years of the locust, the cankerworm and the caterpillar have eaten…”

However, knowing the certification, experience, prowess and international connection that Olukoyede was armed with and bringing into the office, it was not surprising that opposition to his appointment started as soon as his name was announced by President Tinubu on October 12, 2023 and his confirmation by the Senate on October 18, 2023. Those who did not object to Olukoyede’s previous appointments as Chief of Staff to the Chairman of EFCC and also as a Secretary to the Commission, suddenly turned around to say that he was not qualified to be appointed as chairman!

However, Olukoyede has continued to soldier-on, delivering on his mandate, undeterred and undaunted. Within 12 months, a record 3,455 convictions were secured and monetary recoveries from October 2023
to September 2024 stood at
N248,750,049,365.52 (Two Hundred and Forty-Eight Billion, Seven Hundred and Fifty Millon, Forty- Nine Thousand, Three hundred and Sixty-Five Naira, Fifty-Two Kobo), $105,423,190.39 (One Hundred and Five Million, Four Hundred and Twenty-Three Thousand, One Hundred and Ninety Dollars, Thirty-Nine Cents) and £53,133.64 (Fifty-Three Thousand, One Hundred and Thirty- Three Pounds, Sixty-Four Pence); apart from recoveries in other foreign currencies.

On the Issue of corruption trials, Olukoyede revived or initiated court cases against high-profile politically-exposed persons, including former Ministers and Governors. Among the politically-exposed personalities who were hitherto considered untouchable and now on trial for corruption are former governors Yahaya Adoza Bello(Kogi), Abdulfatah Ahmed (Kwara), and Darius Dickson Ishaku (Taraba). Former Ministers Saleh Mamman and Olu Agunloye have been put on trial too.

Correspondingly, the Commission has faced the biggest ever campaign of calumny, blackmail, public protests by sponsored NGOs, simulated attacks in the media and well-oiled, sponsored litigations to undermine the operations of the Commission and its unrelenting Chairman.

Chief among the litigations against Commission is the lawsuit initiated at the Supreme Court by Kogi State Government challenging the establishment and constitutionality of the EFCC. The suit, according to the plaintiff, posited that the establishment of EFCC was an affront on principles of federalism.

About 15 other states reportedly joined Kogi State in the suit and asked that their grievances against the EFCC be consolidated. There have also been comments and actions for and against the court action instituted by Kogi State Government and its collaborating governors.

A former President of the Nigerian Bar Association (NBA), Dr. Olisa Agbakoba (SAN), has written to the National Assembly about constitutional issues related to anti-corruption agencies in Nigeria and factors inhibiting the government’s objective of abolishing corruption, as stated in Section 13 of the Constitution.
In two separate letters to the Senate and House of Representatives, dated October 14, 2024, he said the Economic and Financial Crimes Commission (EFCC) was “an unlawful organisation that he believed was unconstitutionally established.”

However, in the contrary, respected lawyer and Senior Advocate of Nigeria, Femi Falana (SAN), countered Agbakoba. Falana said: “For me, the ICPC and the EFCC like the Code of Conduct Tribunal (CCT) have come to stay. What we should be demanding are measures to make these institutions autonomous and not under the control of any government,”

He added: “And the Supreme Court has maintained rather repeatedly concerning the EFCC and ICPC, that these are crime fighting bodies, and should not be under the control of the Federal Government. They are agencies to fight economic crimes in our country, to fight financial crimes in our country, to fight corruption in our country.”

However, with the controversy generated by the Kogi State’s suit against the EFCC and its discussion in the court of public opinion, some states who initially applied to join the suit have beaten a quick retreat, applying to the Supreme Court to withdraw from the suit. Among the states that have withdrawn are Jigawa, Anambra, Adamawa, Ebonyi and Benue states, who have separately filed motions before the Supreme Court, saying they are no longer interested.
In the case of Benue State, Governor Hyacinth Alia suspended the State’s Attorney-General and Commissioner for Justice, Bemsen Mnyim, for acting “unilaterally in joining the suit without the approval of his principal.”
The development came on the heels of the declaration by the Zamfara State Governor, Dauda Lawal, that the state was neither aware nor part of the suit challenging the legality of EFCC.

In the case of Ogun State, the Attorney-General and Commissioner for Justice, Mr. Oluwashina Ogungbade denied ever initiating any case or being part of Kogi State’s suit against the EFCC.
Speaking to newsmen in Abeokuta, Ogungbade wondered why some sections of the media continued to include Ogun state in the list of the states in court against the EFCC.

“We don’t have a suit against EFCC. We never filed any action against EFCC challenging its constitutionality. We already issued a statement to that effect clarifying that we never had any suit attacking the EFCC’s constitutionality and that we did not join the suit filed at the Supreme Court filed by some other states in that regard. So, I am surprised that some media outlets are still running reports that include and mention Ogun State as one of the states challenging the EFCC’s existence when that is not the case.“

According to the statement by Ogun State government, “the constitutionality of the EFCC and the Independent Corrupt Practices Commission (ICPC) had since been determined by the Supreme Court, and Ogun State considers discussions on the issue closed.”

The Ogun State government stated that it had “no factual reason or recent development to reopen the question of the EFCC’s constitutionality.”
It added that “as a federating unit with law enforcement agencies of its own, it had no desire to undermine the Federal Government’s law and order objectives.”

One of the vociferous anti-corruption groups, the Vanguard for Credible Representation (VCR) has lauded those states that have withdrawn from the Kogi’s suit against EFCC at the Supreme Court. In a statement signed by VCR’s Head of Mission, Onche Ugbabe, the group said it was “heartwarming that some state governors were dissociating themselves from the suit and lending their support to the fight against corruption.”

The statement reads: “It is heartwarming that Governors Hyacinth Alia and Dauda Lawal have publicly dissociated themselves from the suspicious move orchestrated by some state governments. We also commend the Governments of Anambra, Adamawa and Ebonyi states for heeding the voice of reason and withdrawing from the suit.”

The group hailed erudite lawyers like Mr. Femi Falana SAN and Kayode Oladele who have faulted the suit and its backers.
“It is highly gratifying that erudite lawyers like Mr. Femi Falana SAN and Hon. Kayode Oladele have publicly condemned the unpopular move, citing a plethora of judicial decisions of the Supreme Court on the legality of the anti-corruption agencies.

“It is in the light of this that all well-meaning individuals and institutions should lend their support to the war against corruption and not seek to thwart it by any scheme or schism,” the group said.

As the nation awaits the Supreme Court verdict, it is expected that more Governors will see reasons and withdraw like others who are not participating, or have withdrawn from the suit. As at now, there are more state governments that have distanced themselves from the suit than those who are before the Supreme Court. The bell ticks!

Tunde Nasiru, a Public Policy Advocate based in Abuja, sent this through [email protected]

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