Business
Terror By The Sea…Lagos Waterfront Turns Concrete Jungle As Land Speculators, Realtors, Sand-Fill Ikoyi Bay For Housing Projects
Terror By The Sea…Lagos Waterfront Turns Concrete Jungle As Land Speculators, Realtors, Sand-Fill Ikoyi Bay For Housing Projects
l How Illicit Sand-Filling Of Lagoon Fuels Climate Crisis
l Residents At Risk Of Been Submerged
Disaster looms on the coastal belt of Lagos as real estate developers swoop on the sprawling estates and luxurious neighbourhoods dotting the panoramic expanse of Ikoyi. Consequently, residents panic against the backdrop of the distortion of the city’s master plan by land speculators working in cahoots with estate developers. The latter flagrantly spurn the policies and programmes of the state government which are geared to address climate change, thus aggravating the flooding and possible submerging of the state’s upscale neighbourhood, writes Bennet Oghifo
One businessman messes with Mother Nature, and an entire city suffers the brunt of his misjudgment. Yet most businessmen hustle to shield themselves from the effects of their error in judgment. While this may seem probable in ideation, it is impracticable.
Thus at the real estate mogul’s unsettling of mother nature, chaos ensues, and the truth dawns on society like blisters of eternal damnation; everyone gets to understand that there are neither rewards nor punishments for provoking mother nature, just consequences.
Consider the terrifying case of Ikoyi, in Lagos Island, for instance, since land speculators and developers swooped on its waterfronts, sand-filling the Lagos lagoon and encroachment on the beautiful waterfronts that adorn the upscale neighbourhood, the area has been exposed to protracted flooding and erasure of its once sightly esplanades.
Recently, the residents of the highbrow Ikoyi Crescent, in Lagos, were jolted to see their waterfront awash with sand courtesy of the operations of an upstream dredger, whose equipment bore the insignia of “Dredging Atlantic.” They watched in abject horror as the sand-filling operations of the land speculator brought down the upscale quality of the neighbourhood; they rued the probability of seeing the lagoon succumb to the unregulated and unauthorised real estate venture.
Mortified by the ensuing consequences in terms of a possible loss of the aesthetics the lagoon offers their properties and an outlet for floodwaters, the residents petitioned the Lagos State government.
In 2017, a group, the Coalition of Concerned Citizens of Lekki, Ikoyi and Victoria Island, expressed similar trepidation, with its representative Olusegun Ladega, an architect, exposing the distortion of the Lekki drainage regional master plan “caused by the indiscriminate sand-filling of natural waterways.” According to him, the sand-filling of Lagos lagoons and oceans is causing coastal erosion, forcing water back to land. The Ikoyi Crescent residents observed that the realtors and developers sand-filling the lagoon close to their neighbourhood had no proof of an environmental impact assessment report. Ladega believed the Lagos government could do more, stressing that the inability of the environment, waterfront and physical planning ministries to “work together” has resulted in infringement and breach of environmental laws by the ministries’ poor enforcement of environmental laws, building regulations and town planning guidelines.
Lagos ministries at the heart of the matter
The Ministry of Waterfront Infrastructure Development directly oversees the waterfront. The Ikoyi Crescent residents said they made their observations known to the ministry. Neither the waterfront ministry, the Ministry of the Environment, the Ministry of Physical Planning and Urban Development could tell what is going on in the Ikoyi neighbourhood. The environment ministry told THISDAY it did not approve the sand-filling of the lagoon, citing that it is not under its purview. The physical planning ministry did not respond to THISDAY’s inquiry.
However, the waterfront ministry replied to the newspaper’s inquiry, albeit unofficially.“They did not obtain approval from the ministry. The ministry did not give them any approval. When the ministry received complaints about their activity, a ‘stop work order’ was issued to them,” said an official of the waterfront ministry who spoke under anonymity.
The official did not state if the Lagos government would penalise or prosecute the trespassers.In October, the Commissioner for Waterfront Infrastructure Development, Yacoob Ekundayo Alebiosu, issued a ‘stop-work order’ on illegally built structures at Oyinkan Abayomi, Ikoyi, in the Eti-Osa Local Government Area, pending a review of any prior regulatory licences that may have been granted.Alebiosu had issued the order while inspecting several development sites along the waterfront corridor across Lagos, noting that the development violated the state’s regulations.
“The state government’s attention has been directed to the large unlawful development projects that have destroyed the area’s desirable waterfront scenery, putting the entire environment at risk of erosion and degradation,” said the commissioner. In November, the Lagos government announced that following the non-compliance with the ‘stop-work order’ issued earlier to a developer of an ongoing multi-floor residential building on Oyinkan Abayomi Drive, Ikoyi, it had sealed the site of the project ordering workers to vacate the building immediately.
While the commissioner admitted that dredging could be done in Lagos, Alebiosu emphasised that it must be done with control and caution not to disturb the ecosystem and endanger the lives and property of the people. Lagos is the smallest state in Nigeria, yet it has the highest urban population, 27.4 per cent of the national estimate (UN-Habitat). Lagos’ dominant vegetation is the swamp forest of the fresh water and mangrove swamp forests, both of which are influenced by its double rainfall pattern, making the environment a wetland region. The Lagos drainage system is characterised by a maze of lagoons and waterways, constituting about 22 per cent or 787 sq. km. (75.755 hectares) of the state’s territory. In 2020, the Lagos government, in collaboration with the United Nations Development Programme (UNDP) and C40 Cities, took bold steps to address the climate change scourge, which has become a defining environmental challenge to the state and several other parts of the world. But, the clandestine activities of realtors and developers seem to undo all the government’s positive steps.
What lies beneath
By 2030, an estimated 108 to 116 million people in Africa will live in low-elevation coastal zones—defined as areas 10 meters or less above sea level, a figure projected to double by 2060, according to the Africa Centre for Strategic Studies, noting that in the near term, North and West Africa will be most directly affected, comprising 85 per cent of the projected 100 million population affected on the continent, though every region is threatened. Egypt and Nigeria, with high-density metropolises near the coast, are anticipated to face the greatest population disruptions.
Home to at least 20 million people and expected to be the world’s largest city “by the end of the century, Lagos, a low-lying city on Nigeria’s Atlantic coast, also experiences the triple impact of perennial fluvial (river), pluvial (rainfall), and coastal flooding.”The centre explained that adding up the damages to assets, economic production, and mortality, the World Bank found the total cost of “just fluvial and pluvial flooding in Lagos is $4 billion annually,” pointing out that rising sea levels combined with high urbanisation will exacerbate future damage. It added that between 2020 and 2030, Africa’s seven largest coastal cities—Lagos, Luanda, Dar es Salaam, Alexandria, Abidjan, Cape Town, and Casablanca—are projected to grow by 40 per cent (48 million people to 69 million) compared with the continent’s overall anticipated increase of 27 per cent (1.34 billion to 1.69 billion).“Smaller coastal cities may expand even faster: Port Harcourt in Nigeria, for example, is expected to grow 53 per cent over this decade. Globally, Africa’s coastal regions are anticipated to experience the highest rates of population growth and urbanisation in the world,” said the centre.
Public-private collusion?
THISDAY contacted Dredging Atlantic, whose equipment was sighted working at the lagoon. There was a denial of involvement in the ruination of the lagoon beyond a commercial hire of their equipment by an unnamed realtor or developer.“That is false information (that Dredging Atlantic was the firm sand-filling the lagoon). I just made an enquiry, and it’s not Dredging Atlantic. They hired our equipment,” a representative of the company said. “But if you want to get clearer information, then go to the Lagos State Ministry of Waterfront Infrastructure Development. We don’t have any permit to work there. It’s not in our name.”
When the Dredging Atlantic official was told that the dredger on site belonged to Dredging Atlantic, his response was: “They hired our dredger.” However, “the company also undertakes various marine construction projects and geotechnical works; excavation offshore reclamation contracts; services for developing water installations for marine facilities and excavation contracts; drilling and deepening waterways, ports and marine installation,” according to information on its website.
A marine expert, Hakeem Ogunbambi, told THISDAY that it is unlikely private investors, realtors, and developers are carrying out the surreptitious sand-filling of the Ikoyi Crescent lagoon without the active collusion of Lagos government officials.“This reclamation is not being done by the private sector alone. They have their collaborators in the government. So, nobody can just take their dredger to the lagoon and begin to dredge or begin to do reclamation without the backing of some government officials.” Ogunbambi suggested that “those close” to Sanwo-Olu are not unlikely to be at the top of the food chain.
Nonetheless, the Lagos government is committed to the ideals of climate change. Last August, in a bid to combat and mitigate the effects of climate change in Lagos, Governor Babajide Olusola Sanwo-Olu restated his administration’s commitment to working closely with experts, organisations, and the global community to ensure that Lagos remains at the forefront of climate action in Nigeria, admitting that “while we have made significant progress, there is still much work to be done since the challenges faced demand continuous innovation, collaboration and adaptation.”
The clandestine sand-filling of the Ikoyi Crescent lagoon will require “much work” from the Lagos government to stop unauthorised developers and realtors from wreaking havoc on the Ikoyi axis and its waterfronts. Lagos Lagoon is receding, no thanks to so-called speculators and developers illegally assuaging the appetite for upscale real estate with little or no regard for watercourse, town planning codes and safety, according to several Ikoyi residents.
Apprehensive residents worry that the indiscriminate sand-filling of the lagoon will aggravate the already perennial flooding in Ikoyi. According to THISDAY checks, several dredging activities along the lagoon shoreline are usually carried out at night, surreptitiously encroaching the waterfronts of some Ikoyi residents.
Realtors and developers are forming landmass by illegally sand-filling the Lagos lagoon and selling the land to unsuspecting affluent and sometimes influential figures.
Business
WFA APPOINTS GLOBAL BRAND EXECUTIVES TO EXPANDED LEADERSHIP COMMITTEE
WFA APPOINTS GLOBAL BRAND EXECUTIVES TO EXPANDED LEADERSHIP COMMITTEE
STOCKHOLM — The World Federation of Advertisers (WFA) has announced the appointment of senior executives from leading global brands to its Executive Committee, in a move aimed at strengthening its global influence and industry coordination.
The appointments were unveiled during the WFA Global Marketer Week held in Stockholm.
The new members, drawn from top multinational corporations, include executives from Driscoll’s, Haleon, IKEA and Nissan. They join an already influential body comprising marketing and corporate affairs leaders from major companies such as Best Buy, Danone, Diageo, Grab, Kenvue and Tata Group.
Also joining the Executive Committee are representatives of key advertiser bodies, including Josh Faulks, Chief Executive Officer of the Australian Association of National Advertisers; Simon Michaelides, Director General of the Incorporated Society of British Advertisers; and O’tega Ogra, Vice President of the Advertisers Association of Nigeria and Senior Special Assistant to the President of Nigeria on Digital Communications, Engagement and New Media Strategy.
WFA President David Wheldon and Deputy President Philip Myers of Ferrero will continue in their roles, alongside all regional vice presidents.
The newly appointed members are:
Jiunn Shih, Global Chief Marketing Officer, Driscoll’s
Silas-Lewis Meilus, Global Head of Media Operations, Haleon
Joel Renkema, Global Head of Insights, IKEA
José Román, Corporate Executive, Global Sales and Marketing, Nissan
Josh Faulks, CEO, AANA
Simon Michaelides, Director General, ISBA
O’tega Ogra, Vice President, ADVAN
Industry observers say the expanded committee reflects WFA’s commitment to deeper global collaboration and stronger representation across regions and sectors within the marketing and advertising ecosystem.
Business
FORENSIC INVESTIGATION REVEALS FABRICATED X ACCOUNT TARGETING INEC CHAIRMAN – CPS
FORENSIC INVESTIGATION REVEALS FABRICATED X ACCOUNT TARGETING INEC CHAIRMAN – CPS
The Chief Press Secretary (CPS) to the Chairman of the Independent National Electoral Commission (INEC), Mr. Adedayo Oketola, has said that a purported X (formerly Twitter) account attributed to the Commission’s Chairman, Prof. Joash Ojo Amupitan, SAN, is fake and part of a coordinated disinformation campaign.
In a public statement issued on Monday in Abuja, Mr. Oketola disclosed that a comprehensive, multi-layered forensic investigation conducted by independent cybersecurity experts has conclusively established that the INEC Chairman does not operate any personal X account.
He said, “The Independent National Electoral Commission (INEC) , committed to a full forensic investigation, commissioned an independent forensic cybersecurity expert, who conducted a multi-layered forensic and digital investigation using X platform data, internet archive records, OSINT tools, identity forensics and cross-platform analysis.”
Oketola stressed that all posts, replies, and screenshots linking him to the handle @joashamupitan are fraudulent, forensically unverifiable, and technically impossible.
The controversy began on April 10, 2026, when viral social media posts alleged that the Chairman made a partisan comment — “Victory is sure” — in response to another user, supported by screenshots and purported digital records.
However, the CPS said the forensic investigation uncovered clear evidence of fabrication and impersonation, highlighting the following key findings:
· No Digital Linkage: There is no connection between the disputed X account and Prof. Amupitan’s verified email addresses or phone numbers, as multiple recovery and verification attempts failed to establish any link.
· False BVN/OPay Claims: Data used to suggest ownership of the account only confirms identity and does not establish control of any social media handle, making such claims a logical fallacy.
· Timestamp Manipulation: The alleged reply “Victory is sure” was posted 13 minutes before the original tweet it responded to—an occurrence that is technically impossible and definitive proof of fabrication.
· No Historical Record: Searches on the Internet Archive’s Wayback Machine showed zero evidence of the account or its alleged activity prior to April 2026.
· Non-Existence on X Platform: Live checks confirmed that the alleged reply does not exist and has never existed on the platform.
· Account Renaming Pattern: On the same day the screenshots went viral, the account was renamed @sundayvibe00, set to private, and labelled a “parody account,” indicating deliberate impersonation and damage control.
· Coordinated Multi-Platform Impersonation: At least seven fake accounts across Facebook and Instagram using the Chairman’s identity were identified, pointing to a sustained disinformation effort.
“The forensic evidence is comprehensive, multi-sourced, and unambiguous. The posts attributed to Prof. Joash Ojo Amupitan on X are fabricated. The account is a clear case of impersonation,” Mr. Oketola said.
Quoting one of the independent investigators, he described the development as “a coordinated digital impersonation and disinformation campaign,” warning that advances in artificial intelligence had made it easier to fabricate misleading content.
He urged the public to avoid sharing unverified information, noting that “the fact that content goes viral does not make it authentic,” and called on media organisations to prioritise accuracy over speed.
Mr. Oketola said the independent forensic report had been referred to the law enforcement agencies for necessary action. He also appealed to law enforcement agencies to investigate the origin of the fake account and prosecute those responsible under the Cybercrimes (Prohibition, Prevention, etc.) Act.
He said, “Media organisations, in particular, have a duty to apply strict forensic verification standards to social media posts and screenshots before publishing them, especially when such content implicates public officials or carries serious consequences for public trust and institutional credibility. Accuracy, not speed, must guide reporting in matters of this nature.”
He reiterated that all official communications from INEC are disseminated exclusively through its verified platforms, including its website (www.inecnigeria.org), verified X account (@inecnigeria), official Facebook page, online news portal (www.inecnews.com), formal press statements from its headquarters in Abuja, and official media briefings. Any account purporting to represent the INEC Chairman in a personal capacity, he said, should be treated as fraudulent unless formally verified by the Commission.
Business
How FirstBank is investing in Its People and Building Future Leaders
How FirstBank is investing in Its People and Building Future Leaders
For an average 9-5er, having a job isn’t enough. You want a career that grows with you, gives you stability, and opens doors to bigger opportunities. People everywhere are looking for workplaces that don’t just pay salaries but actually invest in their staff, helping them learn, lead, and succeed.
That’s exactly what FirstBank is doing. The Bank is building a future where every employee has the opportunity to grow, lead, and thrive. Through its human capital management and development agenda, FirstBank is creating numerous pathways for staff to transform their careers and become tomorrow’s leaders.
Conversion Programme: Turning Opportunities Into Careers
Needless to say that there is no desire for the 9-5er to remain in a temporary role when they can secure a full-time career. With FirstBank’s Conversion Programme, eligible non-core employees who have served for at least one year can transition into permanent positions. This initiative ensures that hardworking staff are rewarded with stability, growth, and the chance to contribute more meaningfully to the Bank’s success.
Leadership Programmes: Grooming the Next Generation
FirstBank has designed three flagship programmes to identify and nurture high-potential talents:
- FirstBank Management Associate Programme (FMAP): A 24-month fast-track initiative that grooms future middle managers. Upon completion, participants are promoted to Assistant Manager grade, regardless of their previous grade.
- Leadership Acceleration Programme (LAP): Focused on preparing internal middle-management talents for leadership responsibilities, ensuring the Bank’s succession pipeline remains strong.
- Senior Management Development Programme (SMDP): A programme for senior managers who are proven leaders in their functions and critical to the Bank’s succession plan.
These programmes are not just training—they are career accelerators, designed to put staff on the fast lane to leadership.
FirstAcademy: Learning With Global Standards
Backing these initiatives is FirstAcademy, FirstBank’s corporate university, accredited by the Chartered Institute of Bankers of Nigeria (CIBN).
Staff also benefit from partnerships with institutions like Rome Business School and Association of Chartered Certified Accountants (ACCA), gaining access to world-class training—often at discounted rates
A Workplace That Values People
FirstBank’s parent company, First HoldCo PLC, was named second in the Best Workplaces in Financial Services in Nigeria. The Bank remains firmly committed to responsible employment practices, ensuring that all colleagues are treated with dignity, fairness, and respect.
The Future Is Human
With these initiatives, FirstBank is showing that its greatest investment is its people. By empowering staff through various growth opportunities, the Bank is not just building a workforce, it is cultivating leaders who will shape the future of banking in Nigeria and beyond.
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