Ogun resumes work on abandoned 32km Sango-Ijoko-Akute road project – Newstrends
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Ogun resumes work on abandoned 32km Sango-Ijoko-Akute road project

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3 years ago

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  • To complete phases 1, 6 by December

The Ogun State government has resumed work on the Sango-Ijoko-Alagbole road abandoned by the previous administration of Senator Ibikunle Amosun.

The 32-kilometre road designed to have six lanes, with three lanes on each side, was abandoned after thousands of buildings along the stretch were demolished, partly done with bridges.

The road has been in deplorable state, making some residents abandoning their properties to seek accommodation elsewhere, while those who could not move have to contend with the daily harrowing experiences.

 

But the state Commissioner for Works, Engr. Ade Akinsanya, said the state government would make the road drivable by December if the weather permits, saying that due to paucity of funds, the rehabilitation work had been divided into six segments.

He added that one side of the road would be done for now, while the other side would begin when money is available.

He said, “Already, contracts have been awarded for segment one from Sango and segment six from Akute with work already going on simultaneously”.

According to Akinsanya, contract of the road has been awarded to the tune of N300 million to rehabilitate the remaining four segments by making them drivable before their complete reconstruction.

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He said, “The Sango-Akute-Alagbole road is a 32-kilometre road awarded by the previous administration and unfortunately abandoned. What we are doing now is that instead of six lanes, we have re-scoped the road and our contractor is moving to the Sango-Ijoko area, working on that and of course the Lagos end.
“The segments one and six have been awarded. Included in the work is the palliative work that will ensure that from phase 2 to phase 5 should be motorable all the way from Sango to Yakoyo end.
“The state governor was here about three weeks ago to inspect these projects and we have been on this inspection tour since yesterday.”


Akinsanya noted that the Amosun administration, apart from abandoning the road, also failed to compensate those whose properties were demolished.
The commissioner spoke on how some of the projects were being financed through the financial ingenuity of Governor Dapo Abiodun.
“As His Excellency said yesterday, we have challenges in terms of funds, but these are essential roads we need to do and we are finding ways to get them done.
“I am thanking His Excellency, for always doing whatever it takes to help whenever we go to him,” he said.
Akinsanya said some of the road projects would bring about even development in the state, while money invested in them could be recovered through Internal Generated Revenue (IGR).
“Everything is on the table, and one of the things we need to look at now is the road which is the question of how do we recover the money we invested in this road one way or the other?

“One thing is that probably when the road is done and development comes to the area, there will be increase in the Internal Generated Revenue (IGR) and at the same time the maintenance of cars, health and others will be improved and we are going to do what is needed by using the criteria of the Average Daily Traffic (ADT),” he said.

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Outrage over video of police officers collecting cash from Chinese man

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15 hours ago

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April 16, 2025

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Outrage over video of police officers collecting cash from Chinese man

A video currently making the rounds on social media has triggered widespread criticism and public outrage, after it showed several Nigerian police officers allegedly receiving N5,000 each from a Chinese man and his family.

In the viral footage, the uniformed officers are seen lining up in an orderly fashion as the Chinese man distributes cash to each of them.

The incident has stirred heated reactions online, with many Nigerians calling it a blatant display of unprofessionalism and a disgrace to the integrity of the Nigeria Police Force.

Human rights activists and anti-corruption advocates have condemned the act, describing it as unethical and damaging to the already fragile reputation of law enforcement in the country.

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When contacted by Vanguard, Force Public Relations Officer, ACP Olumuyiwa Adejobi, said he was unaware of the viral video or the incident.

Similarly, the Lagos State Police Command distanced itself from the footage. Its spokesperson, CSP Benjamin Hundeyin, clarified that the incident did not occur in Lagos, contrary to claims circulating online.

Public figures have also weighed in. Omoyele Sowore, former presidential candidate of the African Action Congress (AAC), described the video as “shameful” and called for the removal of the IGP.

“This is why I keep saying illegal IGP Kayode Egbetokun must leave the police force. It is the shame of the nation,” he wrote in a Facebook post.

Popular social commentator and human rights activist Martins Victor Otse, also known as VeryDarkBlackMan, called the act “disgraceful, disrespectful, and degrading,” urging the police leadership to address the matter transparently.

The incident has intensified calls for accountability, with many Nigerians demanding disciplinary action and systemic reforms to restore public confidence in the police force.

 

Outrage over video of police officers collecting cash from Chinese man

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Nigerians lose N1.3tn as ponzi scheme CBEX collapses

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15 hours ago

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April 16, 2025

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Nigerians lose N1.3tn as ponzi scheme CBEX collapses

Thousands of Nigerians face financial ruin after the collapse of CBEX, a digital investment platform accused of running a Ponzi scheme that allegedly vanished with over ₦1.3 trillion ($850 million USD). The fallout has sparked widespread distress, with victims sharing devastating stories on social media.

One investor, quoted in a transcribed audio obtained by Daily Sun, described being lured by a friend’s promise of a 100% return on a $100 Bitcoin investment within 35-40 days. Initially wary due to past scams, she was reassured after visiting CBEX’s Egbeda office, where a supposed EFCC certificate suggested legitimacy. “I visited the office only to see even a kind of a certificate from EFCC that they are aware of these people, that they are not scammers and the rest of them. So that convinced me into investing $100,” she said.

Despite her caution, limiting her investment to $100, her funds vanished when withdrawals were halted. “As my investment matured last week Monday, I planned to withdraw it this week. Only for us to wake up yesterday, 14th of April, around 5 p.m., all the money in our account has vanished,” she recounted. Other reports cite losses of up to ₦3 million, with one man allegedly writing a suicide note after investing his home and borrowed funds. The audio claimed, “About three people have been reported dead. So many attempted suicide because of this Ponzi scheme.”

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The scale of the alleged fraud has raised questions about regulatory oversight. The anonymous victim asked, “The question now is to the authorities, where are they, when Nigerians are injecting this kind of money in this kind of investment?” CBEX’s offices in Egbeda and Ikeja added a veneer of credibility.

Financial experts noted the Central Bank of Nigeria (CBN) has long warned against Ponzi schemes promising unrealistic returns. A Lagos-based forex broker, @Obobanj, tweeted, “The Central Bank of Nigeria (CBN) has long warned citizens about the dangers of Ponzi schemes, cautioning against investments that promise unrealistic returns. Despite this, platforms like CBEX continue to attract large followings, often collapsing without warning and leaving chaos in their wake.”

Social media reactions on X range from sympathy to criticism. “Nigerians don’t learn,” tweeted @ricky_chiekezie, reflecting frustration over repeated scams. The victim’s despair was palpable: “God, oh, God, oh, what have I done to deserve this? Huh? What have I gotten myself into? God, please help me. Hey, whoa. CBEX has finally killed me, oh.”

As victims reel, calls grow for authorities to investigate CBEX and hold perpetrators accountable. The forex broker emphasized, “The collapse serves as a reminder of the critical need for financial literacy and vigilance in the face of seemingly lucrative investment opportunities.”

Nigerians lose N1.3tn as ponzi scheme CBEX collapses

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Stop promoting risky coins, unlicensed platforms, SEC warns influencers

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16 hours ago

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April 16, 2025

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Stop promoting risky coins, unlicensed platforms, SEC warns influencers

Following the sudden collapse of CBEX crypto trading platform, the Securities and Exchange Commission (SEC) has warned celebrities and influencers against endorsing or promoting unregistered digital asset platforms and meme coins.

After users lost access to their funds in CBEX, aggrieved ‘investors’ looted the office of Smart Treasure (ST Team), an arm of the cypto trading platform in Ibadan.

It is against this background that Emomotimi Agama, Director-General (DG) of SEC, spoke against the promotion of unregistered digital asset platforms and meme coins by influencers.

Citing the provisions of the Investments and Securities Act 2025 recently signed by President Bola Tinubu, Agama said the act established clear rules and regulations for digital asset platforms, including registration requirements to promote transparency and trust.

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According to him, this allows SEC to crack down on illicit activities, such as ponzi schemes, pump and dump tokens, and unregistered exchanges.

He said, “It is important that even for celebrities, we must be cautious around what we do. Becoming influencers or introducing meme coins that do not mean well for the generality of Nigerians are not going to be tolerated.

“The ISA 2025 is intended to promote FinTech growth and innovation, specifically within the Digital Asset space, while ensuring regulatory compliance.

“However, I want to say this very clearly. If it is not registered, it is illegal. The law will be enforced.”

Stop promoting risky coins, unlicensed platforms, SEC warns influencers

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