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Pandemonium as Angry Mob beat LASTMA officer mercilessly for attacking Bus Driver in Lagos

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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.

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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.

 

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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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