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Home Business News

Just-in: FG moves to take over Abule Ado explosion site

Chike Olisah by Chike Olisah
March 17, 2020
in Business News, Politics
IPMAN cautions residents against illegal building on pipelines Right of Way, FG moves to take over Abule Ado explosion site
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As a fall out of the explosion that rocked Abule Ado area of Lagos on Sunday, March 15, 2020, the Federal Government has initiated moves to take over the area from Lagos State Government.

According to a monitored report from the media, this was disclosed by, Umar Saliu Buntu, the acting Managing Director/Chief Executive Officer (MD/CEO) of the Federal Housing Authority (FHA) during a visit on Tuesday, to the site of the explosion, which claimed about 17 lives.

The FHA boss added that FG had since the 1970s acquired the large expanse of land from the Ojo Cantonment to the Trade Fair area.

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Tags: Abule Ado landUmar Saliu Buntu
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 1

  1. Eyemimogho Nelly Tenumah says:
    March 24, 2020 at 9:35 pm

    You can imagine, if the explosion had not happened the Federal Housing authorities would not have had the intention of securing back the land they claim was originally for the federal government

    Reply

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