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August 19, 2024 Obasanjo Urges Nationwide Agricultural Revolution for Food Security

Obasanjo Urges Nationwide Agricultural Revolution for Food Security

Former President Olusegun Obasanjo has urged state governments to prioritize agricultural development, warning that Nigeria's inability to feed itself poses a significant risk to the nation. He made these remarks during a weekend visit to Abeokuta by a delegation of Commissioners and Special Advisers from Niger State.

Obasanjo highlighted that with the availability of modern agricultural equipment, the impact of current agricultural initiatives could surpass those of past efforts. During the visit, the delegation toured a state-of-the-art soilless farm where youths from Niger State are being trained in innovative agricultural techniques for future implementation back home.

The former president praised Niger State Governor Umaru Bago for his efforts to transform the state's agricultural sector, comparing Bago's initiatives to his own "Operation Feed the Nation" policy of 1976. Obasanjo emphasized that achieving agricultural self-sufficiency could elevate Nigeria's current status and significantly improve the socio-economic well-being of its people. He called on other state governors to follow Niger State's example to ensure that Nigeria can produce the majority of its own food.

Obasanjo encouraged Niger State to continue investing in agriculture and to explore modern methods to enhance existing practices. He expressed his intention to visit Niger State with his team to learn from their progress and exchange ideas to further advance his agricultural initiatives.

Additionally, Obasanjo advised Nigerians to consider investing in soilless farming, emphasizing that innovative farming techniques are crucial for sustaining the nation's agricultural productivity.

August 19, 2024 Fuel Scarcity Sparks Gridlock and Long Queues in Lagos

Fuel Scarcity Sparks Gridlock and Long Queues in Lagos

Fuel queues have reappeared in various parts of Lagos due to a shortage of petroleum products in Nigeria’s commercial hub. In some areas, motorists were seen lining up in queues that extended into the streets, leading to traffic congestion around filling stations.

The price of a litre of fuel has surged to between N800 and N1,000 at some stations, causing transportation costs to rise. Many filling stations have stopped selling fuel altogether, while black market dealers have seized the opportunity to conduct brisk business.

This fuel scarcity isn't confined to Lagos; several states in northern Nigeria are also facing persistent shortages. In response, the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has threatened to revoke the licenses of filling stations hoarding fuel.

In a tweet, the agency stated, “NMDPRA embarks on a war against the illegal sale of petroleum products, especially PMS in jerrycans. Filling stations are advised to desist from servicing illegal peddlers; failure to do so would result in the suspension of retail licenses.”

Last month, the Nigeria National Petroleum Company Limited (NNPCL) attributed the scarcity to disruptions in the discharge operations of several vessels. NNPCL spokesperson Olufemi Soneye explained that the tight fuel supply and distribution in parts of Lagos and the Federal Capital Territory (FCT) were due to these operational issues. He also mentioned that the situation was exacerbated by flooding along truck routes, which hindered the movement of PMS from coastal areas to Abuja. Despite these challenges, he assured Nigerians that the NNPCL is actively working to resolve the situation.

August 16, 2024 Court Orders Forfeiture of $2.04 Million, Properties, and Shares Linked to Emefiele

Court Orders Forfeiture of $2.04 Million, Properties, and Shares Linked to Emefiele

The Federal High Court in Lagos has issued an interim forfeiture order for $2.045 million in cash and several properties linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Akintayo Aluko also ordered the forfeiture of seven properties associated with the suspended CBN Governor.

These properties include two duplexes on Hakeem Odumosu Street, Lekki Phase 1, Lagos, an undeveloped land on Oyinkan Abayomi Drive, Ikoyi, a bungalow on the same street, a four-bedroom duplex on Probyn Road, Ikoyi, an industrial complex under construction in Agbor, Delta State, eight undetached apartments on Adekunle Lawal Road, Ikoyi, and a duplex on Bank Road, Ikoyi. Additionally, the court ordered the interim forfeiture of two shares in Queensdorf Global Fund Limited Trust.

The order followed an application by the Economic and Financial Crimes Commission (EFCC), represented by Senior Advocate of Nigeria, Rotimi Oyedepo. Oyedepo argued that the funds and properties are reasonably suspected to be proceeds of unlawful activities.

He also explained that the application was made under Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006, Section 44 (2)(B) of the 1999 Constitution, and the court’s inherent jurisdiction.

According to an affidavit from EFCC Investigator Idi Musa, the investigation revealed that Emefiele and his associates engaged in fraudulent activities, including negotiating kickbacks for foreign exchange allocations. These illicit gains were allegedly used to acquire the properties now forfeited. The affidavit also detailed the involvement of Ifeanyi Omeke, a Deputy General Manager at Zenith Bank, who allegedly facilitated the purchase and documentation of these properties on behalf of Emefiele.

The court granted the interim forfeiture after reviewing the evidence and legal arguments presented.

August 16, 2024 Government Announces Two-Day Traffic Diversion on Lagos Road

Government Announces Two-Day Traffic Diversion on Lagos Road

The Lagos State Government has announced a planned traffic diversion at the Ikeja Along Bus Stop on the Lagos-Abeokuta Expressway, between Ile Zik and Conoil Filling Station on the Oshodi-bound lane. The diversion will occur over two days, from Saturday, August 17, 2024, to Sunday, August 18, 2024, between 12 midnight and 4 am each day.

The diversion is necessary to allow workers to safely demolish the old pedestrian bridge in the area. The Lagos State Ministry of Transportation shared this information on Thursday via their X handle.

According to the announcement, only one lane will be available to motorists from Ile Zik Bus Stop to Conoil Filling Station on the Oshodi-bound side of the road during the demolition. However, the traffic diversion will not affect motorists on the Dopemu/Abule Egba-bound side of the road.

The state Commissioner for Transportation, Mr. Oluwaseun Osiyemi, assured that the Lagos State Traffic Management Authority (LASTMA) will be on the ground to manage vehicular movement and minimize any inconvenience. He urged motorists to be patient, explaining that the closure is part of the traffic management plan by the Lagos Metropolitan Area Transport Authority to ensure the safe removal of the old pedestrian bridge. The affected lanes will be cordoned off with jersey barriers and protective nets to ensure the safety of motorists and commuters during the demolition.

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