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Business

Lagos demolishes illegal structures at Lekki Coastal City, Idera Schemes, move against land grabbers

illegal structures within the Ibeju-Lekki area of Lagos State have been demolished by the State’s New Towns Development Authority.

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The Lagos State Government through the New Towns Development Authority has commenced the demolition of all illegal structures within Idera Private Developers and Lekki Coastal City Schemes in Ibeju-Lekki.

This is part of efforts to rid the state of illegal encroachment on state-owned lands designated for development as well as check the activities of unscrupulous individuals illegally selling government acquisition land to some unsuspecting members of the public.

Speaking during the demolition exercise, the Acting General Manager of New Towns Development Authority (NTDA), Olakunle Aboyeji, said the operation became necessary in view of the commitment and determination of the administration of Governor Babajide Sanwo-Olu to get rid of illegal occupants on government property.

Aboyeji lamented that despite the several warnings to the general public to desist from purchasing any land within the State without proper search and verification, some individuals are still not complying with the directive of the State Government.

He urged prospective land buyers to conduct a thorough investigation at the State Lands Bureau, the Surveyor General’s Office and New Towns Development Authority to ascertain the authenticity of the land and confirm it is free from the acquisition in order to forestall any future loss or disappointment that may arise through such illegal purchases.

The NTDA boss stressed that the decision to carry out the demolition exercise was taken after much consultation and deliberation, stating that several warnings and notices had been issued to the illegal developers, who had taken possession illegally on government lands in the Idera Private Developers Scheme and Lekki Coastal City Scheme before the demolition was carried out.

He added that the demolition would serve as a deterrent to the people who patronise and purchase land from speculators (Omo Onile) without due diligence from government agencies responsible for the sale of landed property in the State.

Aboyeji insisted that the public and the private developers should always seek the authorisation of the government before the purchase of any land in Lagos State, just as he warned land speculators to desist from selling government acquisition to members of the public, saying that anyone caught will face the full wrath of the law.

What you should know

  • Nairametrics had reported that the Lagos State Government through a statement by the Land Bureau, had warned land grabbers against fraudulent sales of government land as it steps up efforts to address the menace in the State.
  • The state government urged members of the Real Estate Developers Association of Nigeria, community leaders, land surveyors and other key players in the sector to see the land-grabber menace as a common enemy to the growth of the Real Estate sector and efficient land resources management in Lagos.

 

Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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Business

More Nigerians don’t trust government, fear losing jobs more than COVID-19 – Report

The 2021 Edelman Trust Barometer has revealed that Nigerians trust NGOs, businesses more than they trust the government.

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Cross section of Nigerians

A recent survey has revealed that only 24% of Nigerians have trust in the government which is one of the lowest rates in the world. The report also stated that Nigerians have more fear of job losses than Covid-19.

The was revealed in the 21st Edelman Trust Barometer Survey Report on Nigeria unveiled virtually by Edelman and its Exclusive Nigerian Affiliate, Chain Reactions Nigeria, in Lagos on Tuesday, 23 February 2021.

Presenting the 2021 Nigeria findings with the theme: ‘Pandemic’s Ongoing Impact on Trust’, CEO of Edelman Africa, Jordan Rittenberry, noted that Nigerians are looking to civil society organisations and businesses to assist the government in uplifting communities and driving positive change.

The 2021 Edelman Trust Barometer Report revealed that “out of the four institutions of government, business, media and Non-Governmental Organisations (NGOs), Nigerians trust civil society organisations the most, with businesses coming second.” 

Highlights of the survey include:

  • Most Nigerians expressed distrust for the media and returned the lowest trust quotient in the world for government with 24%.
  • Nigerians overwhelmingly placed the highest Trust in their ‘employers’, and in the process revealed their expectations for CEOs and business leaders to be more pro-active in speaking out on societal issues (92%) and driving positive change (79%) rather than wait for government.
  •  Nigerians fear losing their jobs more than they fear coronavirus, with a high degree of vaccine hesitancy revealed, as only 26% expressed readiness to take the COVID-19 vaccine when made available.

Laolu Akande, the Senior Special Assistant on Media to Vice President Yemi Osinbajo said: “Distrust in government is not peculiar to Nigeria. However, the government does have the responsibility to up its game in communication, to demonstrate responsibility and responsiveness.”

Akande cited the acclaimed National Social Intervention Programmes, and the COVID-19 Survival Fund as some evidence of the Muhammadu Buhari administration’s unprecedented responsiveness to Nigerians.

In case you missed it

Nairametrics reported last month that only 68.8% of Nigerians believe Covid-19 is real. While 39.9% of Nigerians say they will take the vaccine, 63.3% are opposed to another lockdown, in a report by SBM Intel

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Business

SEC denies knowledge of Oando shareholder’s court case

SEC has denied ever being served with court processes with respect to the purported matter at the FCT High court.

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unclaimed dividend, SEC restrains fintech company, Chaka from advertising or offering for sale shares

The Securities and Exchange Commission (SEC) has denied the claim by one of Oando Plc’s shareholders, Engr Patrick Ajudua, that he won a court case against the capital market apex regulator.

SEC disclosed in a statement it issued and seen by Nairametrics on Wednesday that there was never a time it was served with court processes with respect to the purported matter at the FCT High court.

It stated, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the Federal Capital Territory High Court against the Commission.

“The Commission wishes to inform the general public that it was never at any time served with court processes with respect to the purported matter at the FCT High court. The Commission will consequently take all necessary steps to verify and set aside the purported decision of the said Court.”

What you should know

  • On Tuesday, Ajudua, reportedly won a legal suit, which was filed at the High Court of the FCT against SEC, according to Nairametrics.
  • He filed that the directive of the SEC suspending Oando’s Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
  • In the said hearing presided over by Honorable Justice O. A Musa, all cases filed were granted in his favor.

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