Business
Pandemonium as Angry Mob beat LASTMA officer mercilessly for attacking Bus Driver in Lagos
There was pandemonium on Wednesday at the Costain area of Lagos State as an official of the Lagos State Management Authority and a bus driver were reportedly beaten to a pulp.
It was learnt that officials of LASTMA had allegedly apprehended the bus driver at the Costain bus stop, for allegedly violating a traffic rule.
It was alleged that an argument ensued between the driver, his conductor and the officials. In the ensuing scuffle, a LASTMA official allegedly punched the driver and he slumped.
A mob was reported to have barricaded the road in protest as the driver lay on the floor, foaming in the mouth.
The mob reportedly vandalised a LASTMA patrol car which drove into the protesters at the time, beating up the officials.
They were said to have mobilised and also attacked the LASTMA office in the area and vandalised vehicles in the yard before the intervention of policemen from the Iponri division.
A witness, Ibrahim Adisa, said the incident happened around 9am.
He said, “We saw that the LASTMA officials held the bus driver at the junction for breaking traffic rule. The man did not release the vehicle to them, which started an argument. The driver and the conductor then started fighting the LASTMA men.
“One of the LASTMA officials put his hand in the pocket and brought out a ring which he used to hit the driver. The man fell and started foaming in the mouth. The officials then took his bus into their yard and left him on the ground.
“A mob barricaded the road and vandalised a LASTMA patrol car that came in that time. They beat up all the officials in the car. After that, they carried the man’s body into the LASTMA’s office and chased out the workers.”
Punch Metro learnt that the driver was later taken to a hospital after the police arrived to quell the unrest.
A motorcycle rider said the situation would have been worse but for the intervention of the police.
“Traffic was at a standstill and the hoodlums were looking for LASTMA officials or any government official to attack,” he added.
As of 3pm when Punch correspondent left the area, no traffic official was in sight as police patrol vehicles mounted surveillance in the area.
The Police Public Relations Officer, SP Dolapo Badmos, confirmed the incident, adding investigations were ongoing.
She said, “Yes, I can confirm that LASTMA officials impounded a vehicle and the driver and his conductor engaged the LASTMA officials in fisticuffs, which led to two losing consciousness. The two are the driver and a LASTMA official. They were both rushed to the hospital where they are currently recuperating. Investigation has commenced into the matter.”
The spokesperson for LASTMA, Mr. Mahmud Hassan, in a statement, denied that the driver was beaten by an official of the agency.
He explained that some hoodlums, who were attempting to free the driver’s bus, invaded the premises of the agency and vandalised vehicles.
He said, “The commercial bus was apprehended for illegal picking and dropping of passengers in the Costain area. The commercial bus was subsequently taken to the nearest yard of the agency at Iponri for booking.
“However, in a bid to circumvent the law and retrieve the vehicle from LASTMA’s yard, the driver mobilised friends and hoodlums, who attacked the Iponri office of the agency. They injured our personnel and damaged vehicles in the yard. However, when the driver’s action did not yield the desired result, he stripped himself naked and created a scene in order to draw the sympathy of unwary members of the public.
“When the act failed, his friends and hoodlums put him in a wheelbarrow with a clear intention to cause commotion and breakdown of law and order.”
Hassan said two of the hoodlums had been arrested and would be arraigned in court.
The General Manager of LASTMA, Mr. Bashir Braimah, according to the statement, said no amount of violence would make the agency to shy away from its statutory responsibility.
There was pandemonium on Wednesday at the Costain area of Lagos State as an official of the Lagos State Management Authority and a bus driver were reportedly beaten to a pulp.
It was learnt that officials of LASTMA had allegedly apprehended the bus driver at the Costain bus stop, for allegedly violating a traffic rule.
It was alleged that an argument ensued between the driver, his conductor and the officials. In the ensuing scuffle, a LASTMA official allegedly punched the driver and he slumped.
A mob was reported to have barricaded the road in protest as the driver lay on the floor, foaming in the mouth.
The mob reportedly vandalised a LASTMA patrol car which drove into the protesters at the time, beating up the officials.
They were said to have mobilised and also attacked the LASTMA office in the area and vandalised vehicles in the yard before the intervention of policemen from the Iponri division.
A witness, Ibrahim Adisa, said the incident happened around 9am.
He said, “We saw that the LASTMA officials held the bus driver at the junction for breaking traffic rule. The man did not release the vehicle to them, which started an argument. The driver and the conductor then started fighting the LASTMA men.
“One of the LASTMA officials put his hand in the pocket and brought out a ring which he used to hit the driver. The man fell and started foaming in the mouth. The officials then took his bus into their yard and left him on the ground.
“A mob barricaded the road and vandalised a LASTMA patrol car that came in that time. They beat up all the officials in the car. After that, they carried the man’s body into the LASTMA’s office and chased out the workers.”
Punch Metro learnt that the driver was later taken to a hospital after the police arrived to quell the unrest.
A motorcycle rider said the situation would have been worse but for the intervention of the police.
“Traffic was at a standstill and the hoodlums were looking for LASTMA officials or any government official to attack,” he added.
As of 3pm when Punch correspondent left the area, no traffic official was in sight as police patrol vehicles mounted surveillance in the area.
The Police Public Relations Officer, SP Dolapo Badmos, confirmed the incident, adding investigations were ongoing.
She said, “Yes, I can confirm that LASTMA officials impounded a vehicle and the driver and his conductor engaged the LASTMA officials in fisticuffs, which led to two losing consciousness. The two are the driver and a LASTMA official. They were both rushed to the hospital where they are currently recuperating. Investigation has commenced into the matter.”
The spokesperson for LASTMA, Mr. Mahmud Hassan, in a statement, denied that the driver was beaten by an official of the agency.
He explained that some hoodlums, who were attempting to free the driver’s bus, invaded the premises of the agency and vandalised vehicles.
He said, “The commercial bus was apprehended for illegal picking and dropping of passengers in the Costain area. The commercial bus was subsequently taken to the nearest yard of the agency at Iponri for booking.
“However, in a bid to circumvent the law and retrieve the vehicle from LASTMA’s yard, the driver mobilised friends and hoodlums, who attacked the Iponri office of the agency. They injured our personnel and damaged vehicles in the yard. However, when the driver’s action did not yield the desired result, he stripped himself naked and created a scene in order to draw the sympathy of unwary members of the public.
“When the act failed, his friends and hoodlums put him in a wheelbarrow with a clear intention to cause commotion and breakdown of law and order.”
Hassan said two of the hoodlums had been arrested and would be arraigned in court.
The General Manager of LASTMA, Mr. Bashir Braimah, according to the statement, said no amount of violence would make the agency to shy away from its statutory responsibility.
Business
Landmark Judgment: Federal High Court Dismisses ₦50bn Oil Spill Claim Against ExxonMobil
Landmark Judgment: Federal High Court Dismisses ₦50bn Oil Spill Claim Against ExxonMobil
The Federal High Court sitting in Uyo has dismissed a ₦50 billion lawsuit filed against ExxonMobil, sued as Mobil Producing Nigeria Unlimited, now Seplat Energy Producing, in a ruling analysts say could significantly reshape oil spill litigation and compensation claims in Nigeria’s petroleum sector.
Delivering judgment on April 29, 2026, Justice Onyetenu held that the suit instituted by the Ejige Ore Njenyisi Muma & Fishing Co-operative Society Ltd was incompetent and liable to dismissal for lack of jurisdiction.
The plaintiffs had sought ₦50 billion in damages over an alleged hydrocarbon spill said to have occurred on September 12, 2021.
However, counsel to the defendant, Chinonso Ekuma of KENNA LP, successfully argued that the claimants failed to disclose any legally recognisable violation attributable to the oil firm.
In its findings, the court held that the plaintiffs failed to establish any actionable wrongdoing against the defendant.
A key element in the court’s decision was the Joint Investigation Visit (JIV) Report tendered by the plaintiffs themselves, which showed that the alleged spill incident was confined within ExxonMobil’s operational facility and did not impact the members of the cooperative society or their sources of livelihood.
The court further ruled that claims arising from such incidents must be pursued strictly under the statutory compensation framework provided in Section 11(5) of the Oil Pipelines Act, rather than through common-law claims founded on negligence or nuisance.
Justice Onyetenu held that the plaintiffs’ attempt to circumvent the statutory regime by framing the suit as a tort action rendered the matter incompetent before the court, thereby depriving it of jurisdiction.
Legal analysts say the judgment reinforces the supremacy of the Oil Pipelines Act in determining compensation procedures relating to oil pipeline incidents and environmental claims in Nigeria.
The ruling is also seen as strengthening the evidential weight of Joint Investigation Visit Reports, particularly in cases where such reports indicate no direct impact on claimants or host communities.
Industry observers believe the judgment will have far-reaching implications for future oil spill litigation, especially regarding the procedural requirements for compensation claims against oil operators.
The court’s decision further provides clarity for operators within Nigeria’s energy sector by reaffirming that compliance with Section 11(5) of the Oil Pipelines Act is mandatory and cannot be sidestepped through alternative legal formulations.
While K.O. Uzuokwu appeared for the plaintiffs, the defence was led by Chinonso Ekuma of KENNA LP on behalf of ExxonMobil.
Bank
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos.
The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation.
Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, described the recognition as a strong endorsement of the Bank’s commitment to supporting small and medium-sized businesses. He said:
“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible. Through enhancements to our specialised platforms such as Union360, we have meaningfully reduced the time it takes for businesses to come on board and begin transacting. These improvements have shortened onboarding, increased digital adoption among our SME customers, and supported the acquisition of new business clients. Our focus remains on delivering practical solutions that help Nigerian businesses thrive.”
Organised by ASBON in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment, the event convened stakeholders from the public and private sectors to recognise individuals and organisations driving meaningful impact across Nigeria’s SME ecosystem.
Union Bank remains focused on deepening its support for SMEs through customer-led solutions and processes that strengthen business growth across the ecosystem.
Bank
Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion
*Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion*
_By AGP News
*UNITED KINGDOM OF ATLANTIS* — In a move signaling a push into international markets, the Royal Throne of the United Kingdom of Atlantis on Sunday announced the corporate transformation of Atlantian Crown Bank LLC into *Arizona Global Bank LLC*, as part of a wider restructuring to position the institution for global banking and financial innovation.
The announcement was made at a press conference in the UKA capital by *HRM Queen Amb. Cletus C. Leaticia*, Chief Executive Officer of the newly named bank. She told reporters the rebranding marks _“more than a name change”_ and reflects a strategic pivot toward digital finance, cross-border investment, and modern banking standards.
_“This transformation represents our commitment to innovation-driven banking and our vision to become a globally competitive financial institution,”_ Queen Leaticia said.
*Licensing Process Underway*
According to the Department of Financial Administration and Corporate Affairs, which issued the official communication, Arizona Global Bank LLC has formally begun the process of applying for a *Banking Operational Licence* under UKA’s financial regulatory framework.
Once licensed, the bank plans to operate as a modern financial enterprise focused on four pillars:
1. Innovation-driven banking and digital financial solutions
2. Corporate financing and structured investment services
3. International financial partnerships and cross-border trade facilitation
4. Financial inclusion initiatives
Bank officials stressed that the institution will _“maintain strict compliance with all banking regulations and supervisory standards”_ set by UKA financial authorities.
*Strategic Shift Amid Global Ambitions*
Management described the rebranding as part of a broader restructuring initiative to _“strengthen the bank’s international identity, expand its global financial footprint, and align operations with contemporary banking standards.”_
Representatives called the licensing and rebranding process a _“major milestone”_ aimed at supporting economic growth, international trade, and cross-border investment initiatives.
*No Disruption to Existing Commitments*
Addressing potential concerns from clients and partners, management reassured stakeholders that _“all existing institutional commitments, operational objectives, and long-term strategic plans remain fully intact throughout the transition process.”_
The Royal Throne indicated that further updates on the licence approval, commencement of operations, corporate partnerships, and investment programmes will be released through official UKA and Arizona Global Bank LLC channels.
_The Department of Financial Administration and Corporate Affairs, Royal Throne of United Kingdom of Atlantis, issued the official statement._
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