News
Wike Vows to Continue Demolition of ‘Shanties’ in FCT
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has vowed that he will not yield to pressure to stop demolition of shanties that pose security threats to the residents of the territory.
He made the vow while reacting to protests by occupants Ruga, an illegal settlement at Wuye, behind Finance Quarters, harbouring more than 10,000 illegal occupants that was demolished on November 5, by a Ministerial Tasks Force named “Operation Sweep” that had been demolishing illegal settlements across the city.
The occupants during the protest, called for the minister’s sack for demolishing their illegal settlements, claiming it was built by their forefather.
The illegal occupants of Ruga with support from some Civil Society Organisations (CSOs) had on Friday protested the demolition, asking Preident Bola Tinubu to sack Wike.
But speaking on Sunday evening when he inspected demolished shanties in Ruga, Wike said no amount of intimidation, blackmail or abuses by the illegal occupants or CSOs would deter the government from doing its job.
He expressed worry that the area had been demolished 22 times and yet the illegal occupants have refused to leave.
He warned that would not be a party to a situation where an illegal settlement would be demolished for 22 times and still standing.
“Be assured that we will continue with the demolition of shanties that pose a security threat to FCT, Abuja.
“It doesn’t matter what colouration; whatever name anybody wants to give to it, we will do the right thing and nothing will stop us,” he said.
Wike warned the illegal occupants against rebuilding any structure in the demolished area, saying the FCT Administration has a responsibility of protecting the lives and properties of all residents.
He explained that the shanties were demolished because security agencies have identified Ruga as one of the areas that pose security threats to the FCT,
He added that security agencies were working day and night to keep Abuja safe.
“This is where you have the rail line; this is a buffer zone and if we allow these kinds of people to live here, what it means, anything can happen to our train.
“Nobody will take that risk. You can imagine the number of persons that are living here, whom we cannot identify.
“We have told them that nobody should build anything, whether temporary or permanent, until the government has taken a final decision on what to do with the land,” he said.
He asked the spokesman of the illegal occupants to nominate five persons, including himself and meet with government officials on Tuesday to find a way out for the people.
On other shanties across the cities, the Minister said that all shanties would be demolished, while some of the areas would be converted to bus terminals.
Earlier, the spokesman of the occupants, Malam Abba Garo, said that although they could not lay claim to the land but have been living in the area for the past 39 years.
Garo noted that the area had been demolished 22 times, but occupants returned and rebuilt because they have no alternative accommodation.
He described the Ruga as a “mini-Nigeria” with people from different parts of the country represented in the community.
He pleaded with Wike to find them alternative land to settle, stressing that they have nowhere else to go.
NAN
News
2027: Lagos APC Guber Aspirant Rejects Hamzat As Consensus Candidate
All Progressives Congress (APC) governorship aspirant in Lagos State, Samuel Ajose, has declared that the endorsement of Deputy Governor Obafemi Hamzat as the next governor by Governor Babajide Sanwo-Olu and the Governance Advisory Council (GAC) will not stand.
GAC, regarded as the highest decision-making body of the All Progressives Congress in Lagos State, endorsed Hamzat, as its consensus candidate for the 2027 governorship election.
The decision was reached during a closed-door meeting held at Lagos House, Marina, indicating an early alignment within the ruling party ahead of the next electoral cycle.
Speaking after the session, GAC leader, Tajudeen Olusi, said members unanimously agreed on Hamzat, expressing confidence in his ability to sustain and build on the state’s developmental progress.
Olusi explained that the meeting was convened to deliberate on the party’s forthcoming primaries and assess the governorship position ahead of the 2027 elections.
Speaking about the GAC adoption of Hamzat as Lagos APC consensus 2027 governorship candidate on Arise News on Tuesday, Ajose said that Sanwo-Olu and others are trying to force President Tinubu into making a decision.
“I don’t think our president, Asiwaju Bola Ahmed Tinubu, is giving in to what they are doing.
“What they are just trying to do is to coerce him into taking a decision, and I don’t think that decision will stand.”
News
Reps Approve Tinubu’s Fresh $516.3m Loan Request
The House of Representatives has approved President Bola Tinubu’s request to borrow Five Hundred and Sixteen Million, Three Hundred and Thirty-three Thousand, seven ($516,333,007) US dollars in syndicated financing from Deutsche Bank AG.
The House approved it during the plenary on Tuesday in Abuja after the presentation of a report by the deputy chairman of the House Committee on Aids, Loans, and Debts Management, Abdullahi Rasheed.
The money is expected to fund the construction of sections of the Sokoto–Badagry Super Highway.
President Tinubu wrote to the lawmakers, seeking a $516.3 million loan from Deutsche Bank to support the construction of the road.
The president said the loan, to be sourced from a syndicated financing facility by Deutsche Bank, will fund sections 1, 1A, and 1B of the project, which covers about 120 kilometres.
Tinubu requested a resolution in line with Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011, to enable the federal government to secure the financing for Sections 1, Phase 1A, and Phase 1B of the project.
The project is a flagship initiative of Tinubu’s Renewed Hope Agenda and is targeted at enhancing national connectivity, improving the movement of goods across key economic corridors, and drastically shrinking travel time.
The 1,000-kilometre project will link Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, connecting Illela to Badagry.
According to him, the financing arrangement will be backed by a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
He said the Federal government will provide counterpart funding of over N265 billion for land acquisition, compensation, and related infrastructure.
The former Lagos governor said the loan is structured for nine years and includes a three-year grace period.
It has an interest rate pegged at the Chicago Mercantile Exchange SOFR plus 5.3 per cent per annum.
Already, the Federal Executive Council has approved the financing plan.
News
EFCC Arrests Ex-Skye Bank Chair, Tunde Ayeni over Nbillions Fraud Allegations
Operatives of the Economic and Financial Crimes Commission have arrested a former chairman of defunct Skye Bank Plc, Tunde Ayeni, over alleged money laundering, misappropriation and diversion of funds amounting to N36.54bn and $30m.
Ayeni, a businessman, was arrested in Abuja on Thursday, and is currently being held at the commission’s facility.
The arrest followed an EFCC probe into alleged misappropriation and diversion of funds said to have been obtained from Polaris Bank through multiple entities linked to him.
“Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested a former board chairman of defunct Skye Bank Plc and businessman, Tunde Ayeni, in connection with alleged money laundering, misappropriation and diversion of funds to the tune of N36,540,058,400.00 and $30m.
“Ayeni was arrested sequel to the investigation of the EFCC into alleged misappropriation and diversion of funds to the tune of N36,540,058,400.00 and $30m obtained from Polaris Bank Plc by different entities linked to him.
“The funds were loans obtained allegedly for specific investment projects but subsequently transferred to other entities’ accounts. Investigations showed that, though the loans were obtained for purposes such as finance of marine security activities, electricity distribution contract, estate development, they were diverted to the NITEL/MTEL asset acquisition through NATCOM account,” one of the sources said.
Another source said the commission is currently probing 12 companies allegedly linked to Ayeni, which it said were used to obtain the loans from Polaris Bank.
“Twelve different companies linked to Ayeni are being investigated by the EFCC. They are entities he allegedly used to obtain loans from Polaris Bank for his shady activities. The loans are depositors’ funds fraudulently obtained and frittered into diverse wasteful purposes. Ayeni will be arraigned in due course upon conclusion of investigations,” the source said.
When contacted, EFCC spokesman Dele Oyewale confirmed the arrest but declined to give further details.
The Punch






