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#EndSARS Panel: ‘Five bullet Shells Recovered At Lekki Toll Gate’

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Five bullet shells were found at the Lekki toll gate, scene of the #EndSARS protest during the panel’s visit to the toll gate.
The Managing Director of Lekki Concession Company (LCC), the operators of Lekki Toll Gate, Abayomi Omomuwa, disclosed this Friday to the panel members, led by its Chairman, Justice Doris Okuwobi, during their visit to scene of #ENDSARS protesters.
Omomuwa said that a camera installed on the mast worked until the carnage at the Toll Gate on Wednesday, October 21.
He said that the camera stopped working after the carnage.
However the LCC Managing Director who was invited to testify on the event of October 20 during which soldiers allegedly shot and killed the #ENDSARS protesters at the Lekki toll gate, could not give his testimony due to absence of a legal representation.
The head of the Legal Department of LCC, Gbolahan Agboluwaje told the panel that they had no legal representation as they got the letter of invitation from the panel late on Wednesday.
He said: “When we received the letter on Wednesday we discovered that three things were required, which are the footage, the investigation report and any other document. We have the footage, we have not done the investigation report and we don’t have other documents”.
Agboluwaje then asked for an adjournment to enable them get a legal representation.
“We would be happy if we are given time to get a legal representation, we got a very short notice,” he said.
He said that due to power outage, the recordings of the footage at the Lekki toll gate started late.
When asked by the Chairman of the panel Justice Doris Okuwobi if they had the footage, Agboluwaje said they have it and that they are prepared to show the footage.
Justice Okuwobi said: ” Until he is represented by a counsel, we would not take his testimony. No person would be denied having any legal representation of his choice, but they should bear in mind that the terms of reference of this panel.”

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Banks’ CEOs Hold Emergency Meeting Over BDCs’ Forex Ban 

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Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive of the Central Bank of Nigeria.

After the meeting, they spoke during a webinar organised to give an update on the banks’ preparedness to be the main channel of forex distribution, following the recent discontinuity of forex supply to the BDC operators by the CBN.

The executives assured the public that banks would make forex available to customers in accordance with the CBN’s directives.

After the last Monetary Policy Committee meeting, the Central Bank Governor, Godwin Emefiele, had ordered all Deposit Money Banks to set up teller points at designated branches across the country to fulfil legitimate FX request for personal travel allowance, business travel allowance, tuition fees, medical payments and SMEs transactions, among others.

Speaking at the webinar, the Group Managing Director/Chief Executive Officer, Access Bank Plc, Herbert Wigwe, said, “The banking industry as a whole was willing and ready to carry out this function. The banks have very strict compliance measures, in terms of verification and making sure that people who do apply are eligible.

“All Nigerian banks will be able to meet these requirements. If you look at all the branches nationwide, you will know that the banks have more than enough capacity to do this.”

He said if the banks saw any compliance issues, or people attempting to do things cunning, they would be reported to the CBN because the banks would ensure full compliance with the order.

The Group Chief Executive Officer, Guaranty Trust Holding Company Plc, Mr Segun Agbaje, while speaking on the capacity of the banks to meet the customers demand, said, “It is not only the CBN that has the ability to fund the market; the banks also have the resources to meet the demand, and we have agreed collectively that it will start immediately.”

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Nigeria Needs $2.3tn To Address Infrastructure Deficit, Says FG

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Secretary to the Government of the Federation, Boss Mustapha, said that the country need $2.3tn to address its national integrated infrastructure masterplan.

He said this in Abuja on Thursday at a town hall meeting themed: ‘Nigeria’s infrastructure revolution: Road to a new future’, organised by Business Hallmark.

According to him, the 23-year masterplan (2020-2043) is for the development of infrastructure including roads, railway network and maritime sector.

The event was chaired by a former national chairman of the All Progressives Congress and former governor of Edo State, Chief John Odigie-Oyegun.

Mustapha said, “Conscious of the economic disruption caused by 2016 recession and COVID-19 as well as challenges of previous reforms, the Federal Government revised the 23 year (2020-2043) national integrated infrastructure masterplan that identified critical enablers.

“For the 23-year period, $2.3tn will be required, translating to about $150bn annually and the private sector and other partners have to provide 56 per cent, while Federal Government and state governments will provide 44 per cent of the share of the investment.

“The Federal Government has made important strides towards providing much of our infrastructure and has, in recent years, conducted several infrastructural reforms.

“Specifically, we are extending and upgrading the nation’s railway network and introducing more locomotive couches. The port sector has been converted to landlocked model and terminal.

“Similarly, Public Private Partnership style infrastructure company with an initial seed capital of N1tn envisaging to grow over time to N6tn in assets and capital has been established and will soon commence operation.

“It will be one of the premier finance entities in Africa and will be wholly dedicated to Nigeria’s infrastructure development.

“The reduction in Nigeria’s infrastructural gap will also give the country a competitive advantage under the newly signed Africa Free Continental Area Trade Agreement.”

The Minister of Water Resources, Suleiman Adamu, deplored the water crises in Nigeria saying no community in the country enjoyed water supply always.

He said, “In 1992, 30 per cent of the Nigerian population was enjoying pipe-borne water and as of 2015, it had dropped to seven per cent.

“In 2015, we were at 68 per cent national coverage for access to water and as of today, we are at 70 per cent and maybe by the time the result for 2021 comes out, we might be at 71 per cent to 72 per cent.

“As for water quality, 90 per cent of water consumed, including water from the boreholes, are contaminated and water is the basic necessity of life.”

Oyegun, in his contribution at the event, said six years going, the performance of the regime of the President, Major General Muhammadu Buhari (retd.), had been mixed.

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NERC: Over 1m Electricity Consumers Have Received Prepaid Meters

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