• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

Ibadan Explosion: Seyi Makinde says foreign names on CAC document of company culpable  

Cyrus Ademola by Cyrus Ademola
January 18, 2024
in Business
Oyo State

Governor of Oyo state, Seyi Makinde

Share on FacebookShare on TwitterShare on Linkedin

Governor Seyi Makinde of Oyo State has verified that the mining company implicated in the storage of explosive devices, leading to the Ibadan explosion, lists foreign names on its Corporate Affairs Commission (CAC) document. 

Makinde made this statement while appearing on Channel TV on Wednesday. 

The governor also mentioned that the tragic blast’s death toll has climbed to three, with another victim who died in a hospital today. 

RelatedStories

Oyo State to upgrade primary health centers to 24 hours medical centers

Oyo Govt approves N63.4 billion to renovate Government House 

June 18, 2025
Oyo State IGR performance hits N65.2 billion in 2024 – FIRS 

Oyo State IGR performance hits N65.2 billion in 2024 – FIRS 

May 26, 2025

Recall that on Tuesday, January 16, 2024, an explosion occurred at Dejo Oyelese Street, Bodija area of Ibadan, resulting in now three deaths and numerous injuries. 

  • “The truth is that we have identified the company involved with the storage of explosive devices in that particular building. 
  • “We are trying to uncover the identities of the people. We’ve done a few fact-finding on the company involved, and yes, there are indeed some foreign names on the CAC documents of the company involved, but these are still early days.” 

Reacting to the question of whether the blast was caused by a terrorist group or banditry, Makinde said that the blast was not caused by any terrorist group or bandits.  

  • “We have an individual of interest who the security agencies should be inviting for questioning. 
  • “I repeat my position that anyone who has contributed to putting this tragedy upon us, we will bring them to book. 
  • “It is not anything that has to do with banditry or insurgency. It is simply illegal miners who decided to store explosives in residential areas,” he added. 

What you should know 

Earlier on Tuesday, an area in Ibadan, Oyo state, experienced an explosion, leading to fears of a significant number of casualties. 

The blast occurred on Tuesday, January 16, at about 7:30 pm and has damaged properties.  

Subsequently, Governor Seyi Makinde later confirmed the loss of three lives and reported 77 individuals currently receiving treatment in both public and private hospitals. 

In addition, the governor said the investigation revealed that the blast was caused by the activities of illegal miners in the city of Ibadan, although he did not name any culprit involved in the activity. 

Meanwhile, President Bola Tinubu has ordered that a thorough investigation should be carried out to uncover the real reason behind the blast. 


Follow us for Breaking News and Market Intelligence.
Tags: Ibadan ExplosionSeyi Makinde
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

Related Posts

Oyo State to upgrade primary health centers to 24 hours medical centers
Real Estate and Construction

Oyo Govt approves N63.4 billion to renovate Government House 

June 18, 2025
Oyo State IGR performance hits N65.2 billion in 2024 – FIRS 
Economy

Oyo State IGR performance hits N65.2 billion in 2024 – FIRS 

May 26, 2025
Oyo State: Makinde signs N684 billion 2025 budget into Law, targets 80% implementation
Budget

Oyo State: Makinde signs N684 billion 2025 budget into Law, targets 80% implementation

December 24, 2024
Oyo state government
Business News

FG never gave N570 billion to 36 States – Seyi Makinde counters President Tinubu  

August 9, 2024
Oyo State to upgrade primary health centers to 24 hours medical centers
Energy

Governor Makinde signs Oyo State Electricity Bill into Law 

February 9, 2024
Oyo State
Real Estate and Construction

Ibadan Explosion: Gov. Makinde announces completion of structural integrity tests on 230 properties in Oyo State 

January 22, 2024
Next Post
President Bola Tinubu,

Tinubu restores funding to 13 national health regulators initially defunded 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Why many Nigerian MSMEs may be locked out of access to credit – Expert 
  • CBN opens application for Knowledge Acceleration Programme to shape future research priorities 
  • CBN to decide Nigeria’s interest rate policy on July 22 MPC meeting 

Follow us on social media:

Recent News

MSMEs, stock market

Why many Nigerian MSMEs may be locked out of access to credit – Expert 

July 13, 2025
CBN, MPC

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics