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Revealed: Ikoyi collapsed building moneybags

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Revealed: Ikoyi collapsed building moneybags

 

 

For months, they remained unknown, unseen and unheard of. When many were mourning the loss of lives and asking questions, they remained quiet. Now the veil has been lifted off the owners of the collapsed Ikoyi building, which killed scores of workers and others, including the owner of Fourscore Heights Limited, the company that initiated the project, Mr Femi Odubona.

 

 

 

Revealed: Ikoyi collapsed building moneybags              For months, they remained unknown, unseen and unheard of. When many were mourning the loss of lives and asking questions, they remained quiet. Now the veil has been lifted off the owners of the collapsed Ikoyi building, which killed scores of workers and others, including the owner of Fourscore Heights Limited, the company that initiated the project, Mr Femi Odubona.       The property on 44B, Gerrard Road, Ikoyi, went down on November 1,2021. Subscribers reportedly paid millions of dollars for a piece of what promised to be a beautiful edifice with a commanding height on the skyline of Ikoyi – home of the rich and powerful.       Now, the mystery of the owners of the doomed property has been resolved. Some individuals have gone to court in a desperate bid to stop the Lagos State Government from demolishing the other buildings on the site after experts have certified them unfit to stand.       Among the unlucky investors are mainly big businessmen and women: A senior lawyer, Mr Oluwemimo Adepoju Ogunde SAN, a pastor, Mr Adetola Odutola, Mr Bola Odutola, Mrs Bunmi Odutola, Mr Ghandi Olaoye,Ms Zahra Temitope Motomori, Mr Adewale Folowosele, Mr Moses Anibaba, Mrs Margret Anibaba, Dr Oladipo Oluyomi, Mrs Adepeju Oluyomi and Mr Tayo Oladapo.      There are, also, two companies Kwara Business School Limitedand Saikoyi Property Limited. The owners are not specified.   Where have they been all this while? Why did they not approach the panel of inquiry set up by the government to say all they knew about the property? Are they more interested in their money than the lives lost in this misadventure? These are some of the questions people are asking.      A government source said the state was studying the memorandum of claim served on the company handling the demolition of the two buildings that were left standing after the incident. “However, it is not right for them to say that the government can’t take over the property. The law states explicitly that when a property collapses, the government automatically takes over the property.”        The source added: “It’s all in the public interest and the government said so. Where were they when the Panel of Inquiry sat and took far-reaching decisions on the matter. The Government has even issued a White Paper. Were they ashamed of claiming their right? Don’t you wonder the kind of investors we are talking about? They couldn’t even ask for insurance before shelling out the huge cash they claimed to have paid the late owner of the property.”        Some of the investors said they paid the late Odubona various sums of money in dollars -$120,000, $111, 111. 11, $20,000, $315,586.78 and $7,708.         They said it was the alleged negligence of government agencies that led to the collapse of the building, but a source who testified at the sitting of the Panel of Inquiry said that there was evidence that the site was sealed off by the Ministry of Physical Planning. “Its officials were attacked at the site. In fact, the promoter of the project was arrested. The site was reopened and the promoter was yet to show proof of all he was asked to do before the building collapsed.” He said, adding: “Now, they want to put the blame on the government; that is being clever by half.”       A source who pleaded for anonymity said: “Now that the owners or potential owners of the doomed property have shown their face, those who lost their loved ones can go after them for compensation.”       The Lagos State Government is yet to react to the call for a meeting by the subscribers.

 

The property on 44B, Gerrard Road, Ikoyi, went down on November 1,2021. Subscribers reportedly paid millions of dollars for a piece of what promised to be a beautiful edifice with a commanding height on the skyline of Ikoyi – home of the rich and powerful.

 

 

 

 

 

 

 

 

Now, the mystery of the owners of the doomed property has been resolved. Some individuals have gone to court in a desperate bid to stop the Lagos State Government from demolishing the other buildings on the site after experts have certified them unfit to stand.

 

 

 

 

Among the unlucky investors are mainly big businessmen and women: A senior lawyer, Mr Oluwemimo Adepoju Ogunde SAN, a pastor, Mr Adetola Odutola, Mr Bola Odutola, Mrs Bunmi Odutola, Mr Ghandi Olaoye,Ms Zahra Temitope Motomori, Mr Adewale Folowosele, Mr Moses Anibaba, Mrs Margret Anibaba, Dr Oladipo Oluyomi, Mrs Adepeju Oluyomi and Mr Tayo Oladapo.

 

 

 

 

 

 

There are, also, two companies Kwara Business School Limitedand Saikoyi Property Limited. The owners are not specified.

 

 

 

 

 

Where have they been all this while? Why did they not approach the panel of inquiry set up by the government to say all they knew about the property? Are they more interested in their money than the lives lost in this misadventure? These are some of the questions people are asking.

 

 

 

 

A government source said the state was studying the memorandum of claim served on the company handling the demolition of the two buildings that were left standing after the incident. “However, it is not right for them to say that the government can’t take over the property. The law states explicitly that when a property collapses, the government automatically takes over the property.”
 

 

 

 

The source added: “It’s all in the public interest and the government said so. Where were they when the Panel of Inquiry sat and took far-reaching decisions on the matter. The Government has even issued a White Paper. Were they ashamed of claiming their right? Don’t you wonder the kind of investors we are talking about? They couldn’t even ask for insurance before shelling out the huge cash they claimed to have paid the late owner of the property.”
 

 

Some of the investors said they paid the late Odubona various sums of money in dollars -$120,000, $111, 111. 11, $20,000, $315,586.78 and $7,708.
 

 

 

They said it was the alleged negligence of government agencies that led to the collapse of the building, but a source who testified at the sitting of the Panel of Inquiry said that there was evidence that the site was sealed off by the Ministry of Physical Planning. “Its officials were attacked at the site. In fact, the promoter of the project was arrested. The site was reopened and the promoter was yet to show proof of all he was asked to do before the building collapsed.” He said, adding: “Now, they want to put the blame on the government; that is being clever by half.”
 

 

 

 

A source who pleaded for anonymity said: “Now that the owners or potential owners of the doomed property have shown their face, those who lost their loved ones can go after them for compensation.”
The Lagos State Government is yet to react to the call for a meeting by the subscribers.

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Mayor of Brampton Honours IBD Foundation

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Mayor of Brampton Honours IBD Foundation

 

The City of Brampton has recognised Alhaji Ibrahim Dende Egungbohun for his remarkable contributions to a transformative initiative designed to empower women through essential skill-building for independence and self-reliance. This formal acknowledgment took place on August 15, 2025, in Mayor Patrick Brown’s office during a visit from the Africa Made Economic Growth Initiative (AMEGI) team. Represented by his wife, Mrs. Omolara Egungbohun, Alhaji Dende received the certification amidst an atmosphere of gratitude and celebration. Mayor Brown presented the certificate personally and extended his commendations to the IBD Foundation for their relentless pursuit of women’s empowerment, development, and their philanthropic efforts.

The Certificate of Recognition underscored Egungbohun’s unwavering dedication and tireless efforts to create diverse opportunities for women to enhance their skills, develop their potential, and ultimately prosper in their personal and professional lives. As a philanthropist, esteemed businessman, and influential social figure, his impact in Nigeria and beyond is both profound and far-reaching.

Egungbohun’s generosity and steadfast commitment have significantly bolstered the confidence of program participants, facilitating their ability to envision and construct brighter futures while strengthening community ties. In his acknowledgment, Mayor Brown stated, “Your dedication uplifts those working to inspire others,” highlighting the deep and lasting influence of Egungbohun’s work in empowering women.

Mayor of Brampton Honours IBD Foundation

This initiative is not just a standalone effort; it harmonizes perfectly with Brampton’s broader mission to advocate for and uplift marginalized groups within the community. Egungbohun’s contributions serve as a vital catalyst for transformative change, offering practical skills that enhance employability while reshaping the economic and social framework for women. Through an assortment of workshops, mentorship programs, and robust support networks, he has fostered an encouraging environment where women can fully explore and realize their potential.

As Brampton steadfastly commits itself to promoting inclusivity and equity, leaders like Egungbohun exemplify how collaboration, vision, and genuine enthusiastic engagement can effectively turn hopes and aspirations into tangible realities. The public acknowledgment from the city not only honors individual efforts but also sends a resounding message, inspiring other community leaders and stakeholders to step up and invest in grassroots empowerment initiatives that uplift and serve those in need. This recognition is a clarion call for collective action toward a more equitable and inclusive society.

 

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Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

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Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

 

 

Tayo Folorunsho, renowned youth ambassador and edutainment advocate, has been officially nominated to be decorated as a Celebrity Special Marshal (CSM) of the Federal Road Safety Corps (FRSC).

 

Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

 

The unveiling took place at the recently concluded FRSC Youth Hangout, held in celebration of the United Nations International Youth Day at the National Judicial Institute, Abuja.

 

 

Over the years, Tayo Folorunsho has distinguished himself as a passionate youth leader, consistently driving initiatives that inspire and empower young people. His recognition as a Celebrity Special Marshal is not only a mark of honor but also a call to responsibility—championing road safety, responsibility, and positive change within society.

 

Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

 

Speaking on the recognition, Tayo Folorunsho emphasized:

“This is more than an honor; it is a responsibility to use my voice and influence to promote safety, responsibility, and positive change on our roads.”

 

This milestone reinforces his commitment to youth empowerment, social responsibility, and nation-building through edutainment and advocacy.

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FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria

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FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria

FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria

 

In a country where road accidents claim thousands of lives each year—most of them young people—the Federal Road Safety Corps (FRSC) and Edutainment First International have launched a bold new initiative to change the narrative. On Thursday, August 14, both organizations hosted the maiden Road Safety Youth Hangout at the National Judicial Institute, Abuja.

 

FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria

 

The event, held to mark United Nations International Youth Day 2025, brought together more than 300 participants, including members of the National Youth Service Corps (NYSC), students, youth leaders, and community representatives. Unlike traditional road safety campaigns, the hangout was designed as an interactive forum blending education and entertainment, where young Nigerians could learn, innovate, and commit to safer road practices.

 

 

According to FRSC data, young people remain the most vulnerable demographic in road traffic crashes across Nigeria—an urgent concern this initiative aims to tackle. Through storytelling, innovation, and collaborative problem-solving, the Road Safety Youth Hangout sought to transform young Nigerians into advocates for safety within their communities.

 

 

“This is not just about rules and regulations,” said one of the organizers. “It’s about equipping young people with the tools and the voice to change Nigeria’s road culture.”

 

Aligned with the UN’s 2025 theme, “Local Youth Actions for the SDGs and Beyond,” the program underscored the critical role of young Nigerians in advancing the Sustainable Development Goals (SDGs), particularly those connected to health, safety, and responsible citizenship.

 

 

By focusing on empowerment rather than enforcement, FRSC and Edutainment First International signaled a fresh approach to road safety: investing in the next generation as the real drivers of change. The belief is simple yet powerful—an informed and empowered youth population is key to reducing accidents and saving lives.

 

 

For many participants, the hangout was more than just an event; it was a wake-up call. With interactive sessions infused with music, drama, and dialogue, young Nigerians were challenged to reflect on their daily habits as road users and to embrace leadership as advocates for safer communities.

 

 

As one youth participant reflected:

“Road safety isn’t just the job of the FRSC. It’s our responsibility too—because we are the ones most at risk.”

 

The maiden edition of the Road Safety Youth Hangout may have ended, but the movement it launched has only just begun. Its message was unmistakable: Nigeria’s fight for safer roads must be youth-led, collaborative, and relentless.

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