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LAGOS TO COMPLETE LARGEST RICE MILL IN SUB SAHARAN AFRICA EARLY 2019

Published

8 years ago

May 9, 2018

…Revs Up New Mile 12 Market, Agbowa Timberville Sawmill, Others

The Lagos State Government on Wednesday said all hands are on deck to complete the largest rice mill in Sub-Saharan Africa currently ongoing in Imota Local Council Development Area of the State within the first quarter of 2019.

Apart from ensuring availability of rice in the market, the mill which is of 32 metric tons per hour production capacity, is projected to facilitate the creation of over 200,000 jobs across the agricultural value chain, while it will also bring about the cultivation of 32,000 hectares of farm land to produce rice paddy, equating to an estimated 130million Kg of processed rice per year (an equivalent of 2.6milion 50kg bags of rice).

Speaking during an extensive inspection tour of major projects in Ikorodu, Imota and Agbowa axis by members of the Lagos State Executive Council, the State Governor, Mr. Akinwunmi Ambode said the project would be completed by January 2019, while the initial production would commence by February of the year.

The Governor, who was represented by Commissioner for Works and Infrastructure, Mr Adebowale Akinsanya, said the project was part of the grand policy of his administration to ensure food security, and as well give a quantum leap to economic integration of the Southwest region as the land to be cultivated and rice paddy for the mill would be supplied largely by farmers from the region.

Briefing journalists alongside other Exco members after being taken round the level of work done so far by Project Engineer, Gboyega Odunlami, Governor Ambode said it was gratifying to note that the project was progressing steadily and would be delivered on schedule.

“The key take away from here is that the construction of the rice mill and the industrial park among other complementing facilities are going on as planned. The administrative building, the restaurant, fire station, power station and other facilities needed to support the park and the rice mill are all ongoing concurrently.

“The mill is part of the food security strategy of this administration as well as Southwest integration efforts. It will be the largest rice mill not just in Nigeria but in Sub Saharan Africa.

“Already, we have commitment from the contractors working on the project that it would be delivered by January 2019 and the rice mill that would be the food engine of the Southwest will be in production by February,” the Governor said.

At the Imota Regional Food Stuff Market where the present Mile 12 Market and other markets within the axis would be relocated, the Governor said the first phase of the project which would accommodate about 1500 shops was already at 75 per cent completion stage, while the second phase, among other facilities such as concretized roads, fire stations, drainages, sewage system, power stations, sewage treatment, 1000 capacity Car Park, over 100 capacity Trailer Park, bus layby, among others would all be delivered before the end of the year.

The Governor said adequate provisions have been made in the new market to avoid the challenges which the present Mile 12 Market and other markets in the area constituted to the environment, saying at least 70 meters of buffer zone had been created between the proposed Ikorodu-Itoikin-Epe road expansion project and the market to prevent interface.

“We have seen what is going on as to our commitment to make this place a regional market. The first phase is 75 per cent completed. The major challenge has been accomplished though we still have some things to sort out but we are over the hurdle.

“What remains is to keep going, speed up and with the commitment of this government, we should be able to complete this project by September and hopefully by the end of the year, all the different markets in Mile 12 will be able to move here and it will be a one shop centre for everybody,” he said.

While inspecting the 2.7kilometre Agbowa-Timberville Road under construction and the Agbowa Timberville Sawmill where the present day Okobaba Sawmill in Ebute Metta would be relocated, the Commissioner for Physical Planning and Urban Development, Mr Rotimi Ogunleye said the project was at the final completion stage with few outstanding facilities.

“The main project of the Agbowa Timberville Sawmill is about 250 shops out of which over 200 have been completed and the project is sitting on 150 hectares. The various infrastructure – the road networks, the shops, sheds and all that have been put in place.

“The two outstanding areas for us to move the traders from Okobaba to this place are the short road that leads to the Timberville from Agbowa which is swampy in some areas and we have to do decompile and then the second outstanding area is the boom area which is the place where the timber merchant will anchor their logs.

“We have spoken with the traders and they are very much ready to come here. Apart from the shops, we have the halls for them to do their meetings; we have conveniences, cafeteria, 24/7 power supply, among others so that they can do their business in a more conducive and friendly environment, and then we can have the opportunity of regenerating the present Okobaba which is within the city,” he said.

Also, while conducting members of the State Executive Council round the Odo Onosa/Ayandelu Housing Scheme, Commissioner for Housing, Mr Gbolahan Lawal said the project had already been incorporated into the rent-to-own housing policy of the present administration where people would just pay five per cent of the total amount and spread the rest over ten years.

He said the scheme is one of the 17 estates spread across the State with a total of 5008 units, and that interested residents need not know any government official to apply for the scheme.

Responding on behalf of the community, Oba of Odo Ayandelu Kingdom in Ikosi-Ejirin, Oba Ganiu Aderibigbe recalled how he approached the Governor during a town hall meeting held at Ajelogo on the need to revisit the project, saying the work done so far was a practical example of the fact that the Governor was a listening Governor, adding that the project would boost economic activities in the axis.

“To us, we see this project as our own company in the sense that it would create a lot of jobs for our people. I also want to commend the Governor for not increasing the price. When the project commenced under the administration of Governor Babatunde Fashola, cement was sold for N2,600 and the price of the house remain the same till date which means Governor Ambode has cushioned the gap in between,” the monarch said.

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FCMB Limits Exposure in Fraud Attempt

Published

2 weeks ago

March 28, 2026

Sahara Weekly

More than ₦3 billion was targeted, but about ₦677 million reached the culprits, with recovery and prosecutions underway, reflecting how banks are responding to more sophisticated fraud risks.

Nigeria’s expanding digital banking sector is facing increasingly sophisticated fraud attempts, as financial institutions adapt to faster transactions and broader online services.

A recent case involving First City Monument Bank (FCMB), linked to fraudulent activity detected in December 2025, has drawn attention to how banks are responding to such incidents, with a focus on limiting exposure, recovering funds and working with law enforcement.

According to findings referenced in proceedings before the Lagos State Special Offences Court, the incident involved unauthorised transactions tied to a digital product. Early reports erroneously suggested more than ₦3 billion was lost. Subsequent clarification shows that over ₦3 billion was targeted, ₦2.4 billion was blocked and recovered, while ₦677 million got into the possession of the culprits. This outcome reflects the bank’s cyber security and monitoring capabilities, as well as improved collaboration among regulated financial institutions and with law enforcement agencies. Several suspects and beneficiaries have been apprehended, while recovery and prosecution efforts are ongoing, led by the Economic and Financial Crimes Commission (EFCC).

Proceedings at the Lagos State Special Offences Court have resulted in convictions, including that of a repeat offender, with restitution orders issued. Related matters are also being handled at the Federal High Court in Lagos, where additional suspects are being tried in connection with the scheme. This process is aimed at ensuring that bad actors are identified and permanently blacklisted from the financial system.

Authorities say recovery efforts are continuing as additional funds are traced.

Analysts note that the pace of legal action reflects closer coordination between financial institutions and enforcement agencies in addressing cyber-related financial crime.

The case comes as banks contend with more complex fraud methods, including social engineering and automated exploitation of system processes.

As digital products and platforms expand, so too does the risk associated with cyber-crime and related fraud.

“The scale of digital banking means risks are evolving alongside the systems,” said a Lagos-based financial analyst. “Institutions are now judged by how they manage these events.”

Observers say the sector is moving toward a stronger focus on response and recovery, rather than prevention alone.

This includes improving monitoring capabilities, strengthening transaction controls and enhancing collaboration with regulators and law enforcement. The FCMB case, with limited exposure relative to the amount targeted and ongoing recovery, reflects that shift.

For customers, the primary concern is the safety of their funds. In this case, there has been no indication of losses affecting customer deposits. Maintaining that level of protection remains central to sustaining trust in the financial system.

Nigeria’s financial sector continues to grow, supported by digital innovation and expanding access to banking services.

However, analysts say fraud attempts are likely to persist as systems become more complex and interconnected.

They say institutions will increasingly be judged not only on their ability to prevent incidents, but on how effectively they respond and recover when they occur.

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Ex-APC Deputy Guber flag bearer, Joshua MacIver backs Tinubu, express fears over implosion in Bayelsa APC

Published

3 weeks ago

March 21, 2026

Sahara Weekly

….congratulates new State Party Chairman, Warman Ogoriba

APC Deputy Governorship Candidate in the 2023 general elections in Bayelsa State, Great Joshua MacIver has declared his total commitment to the re-election of President Bola Tinubu come 2027, declaring that the Tinubu re-election project is non-negotiable.

Great Joshua MacIver, in his statement titled ” BAYELSA APC CONGRESSES: GOING FORWARD, A CALL TO LOOK INWARDS” and made available to newsmen in Yenagoa, warned APC leaders in the state to look Inward and take note of certain factors which may hinder or cut short our victory.

According to Great Joshua MacIver, such noticeable pitfalls include the imbalance in the united front being put up by the State Governor,Senator Douye Diri among various political blocs in the state.

In the statement issued at the weekend. Great Joshua MacIver stated that “First, before His Excellency, Senator Douye Diri, joined the APC in the state, there were clearly two political blocs that made up the party, with the approximate population ratios of the blocs standing at 95% to 5%.”

“After the entrance of His Excellency, Senator Douye Diri, ONLY THE SMALLER BLOC IS BEING CARRIED ALONG IN THE AFFAIRS OF THE PARTY, leaving the greater percentage to their fate, and this situation has the potential to build anger and dissatisfaction in our dear party.”

” The consequence of this has been the high level defection we have witnessed in the party recently and we believe more may likely follow, if we do not put our house in order.”

” If we do not pull together as a party, we may witness a situation where we will lose key stakeholders, especially after the State and National Assembly Primaries as well the Gubernatorial Primaries.”

“Finally, while it is very clear that we are the party to beat in the 2027 elections and that our loyalty to Mr. President IS NON-NEGOTIABLE, we must make haste to say that we cannot afford to create situations or loopholes in our unity which will be exploited by other political interests in the state. We cannot afford to under-rate anyone.”

“Our core interest remains the re-election of Mr. President, a project to which we have committed our all. We also pledge our total loyalty to the party as we have no alternative to the APC. However, our concern is that we must, as a party, look inwards and ensure that we do not create loopholes that can impede our common goal.”

Great Joshua MacIver, however congratulated the newly elected State Executives of the APC in Bayelsà State led by Hon. Warman Ogoriba, saying their emergence is welcomed at this critical time in our national history.

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How Primate Ayodele Foretold Borno Suicide Bomb Attack A Few Weeks Ago (VIDEO)

Published

3 weeks ago

March 17, 2026

Sahara Weekly

“You Can’t Use Primate Ayodele To Score Points For Your Failed Political Ambitions” – Fulani Group Blasts Umar Ardo

At least 23 people were killed in a series of suspected suicide bombings, police in Nigeria’s northeastern city of Maiduguri said on Tuesday.

https://www.stanbicibtcbank.com/nigeriabank/personal/products-and-services/all-loans/stanbic-ibtc-mreif-home-loans

More than 100 other people were injured in the blasts that took place on Monday evening in the capital of Nigeria’s restive Borno state.

No group has claimed responsibility for the suspected attacks.

The deadly blasts come after a military post was attacked overnight Sunday to Monday, which authorities blamed on suspected Islamist militants.

This sad incident is coming barely two weeks after Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church specifically warned against attacks in some states. He mentioned these states while calling on security operatives to pay close attention to them.

These were his words:

“Another attack is coming up in these following states where the military must watch carefully and intelligently; Kano, Kaduna, Zamfara, Kebbi, Niger, Borno, Kwara and Kogi state. They want to do a deadly attack, it’s preventable but it depends on how they will handle it. I have told you about the danger coming up.”

@primateayodele

#borno #nigeria #fulfillment #security #primateayodele

♬ original sound – Primate Ayodele

Unfortunately, some of our military agencies don’t believe spiritual intelligence can save the country from so much danger hence, their neglect of this prophetic warning but now, it has been fulfilled with the miliary losing credibility by the day while Primate Ayodele continues to gain momentum.

Likewise, At least 26 passengers and crew sustained varying degrees of injuries on Monday following an accident involving the Kaduna–Abuja train, according to the Nigerian Railway Corporation (NRC).

Opeifa explained that the train departed Rigasa in Kaduna at 7:15 a.m. and was approaching Asham station around 9:16 a.m. when a loud bang was heard after the power car and trailing locomotive collided with one of the passenger coaches.

In July 2025, Primate Ayodele asked nigerians to pray not to see train mishap on the Kaduna-Abuja route.