Obi, Rabiu, Agabi among prominent Nigerians affected by Wike’s revocation of land in FCT

The Federal Capital Territory Minister, Nyesom Wike, has ordered the immediate revocation of 165 plots of land in the serviced districts of the Federal Capital City.

Some high profile individuals affected by the action include the presidential candidate of Labour Party, Peter Obi; former Governor of Cross River State, Senator Liyel Imoke; former Secretary to the Government of the Federation, Uffot Joseph Ekaette; former Justice of Supreme Court and chairman of the National Political Reforms Conference (NPRC), Late Justice Niki Tobi.

A report by THISDAY listed others aa former Justice of Supreme Court, Udoma Udo Udoma; two-time Attorney General of the Federation and Minister of Justice Kanu Agabi; Chairman of BUA Group, Abdul Samad Rabiu; former Chairman of Leadership Newspapers, Sam Nda-Isaiah and columnist Donu Kogbara, among others.

Obi’s plot of land in Katampe District was revoked, while Imoke plot of land in Maitama was also revoked.

The FCTA explained in a statement yesterday, that the revocation was premised on the failure of the allotted owners to develop the plots.

It added that the notice for the revocation as compiled by the Land Department was approved by Wike, due to continuous contravention of the terms of agreement as encapsulated.

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The FCT Permanent Secretary, Mr. Adesola Olusade, said in a statement yesterday, that the revoked plots belong to individuals and corporate organisations, who have continually failed to keep to the terms of agreement as contained in Section 28(5) (a) & (b) of the Land Use Act.

The affected plots are situated within some districts in the FCC namely: Central Business District, Maitama (A05); Maitama (A06); Wuse II (A08); Gudu (B01) and Wuye (B03).

Others are Jabi (B04); Utako (B05); Katampe Extension (B19); Idu Industrial Area (C16) and Asokoro (A04) Districts respectively.”

The Federal Capital Territory Administration FCTA hereby informs the general public that the Minister of the Federal Capital Territory has, in the exercise of the powers conferred on him under Section 28(5)(a) & (b) of the Land Use Act 1978, revoked the underlisted plots with names and titles as reflected in our records for continued contravention of the terms of development of the Right of Occupancy to wit non-development,” Adesola said.

Also the Director Information and Communication FCT Mohammad Hayat Sule, stated in another statement last night that the revocation of the affected plots was approved by the Wike following the violation of the terms of Rights of Occupancy.

“The Minister of the Federal Capital Territory has, in the exercise of the powers conferred on him under Section 28(5)(a) & (b) of the Land Use Act 1978 revoked the affected titles for continued contravention of the terms of development of the Right of Occupancy to wit non-development,” Sule said.

Wike had upon his appointment as minister vowed to revoke undeveloped plots and those whose ground rents had not been paid for years.

He recently gave allottees defaulting in the payment of their ground rent a two-week grace to pay their obligations or risk revocation of their allocations.

NASDAQ: Tinubu 1st African President to ring closing bell

PRESIDENT Bola Tinubu on Thursday rang the bell at the National Association of Securities Dealers Automatic Quotation System (NASDAQ), becoming the first African Head of Government to do so.

The president rang the bell at the world’s financial capital, New York and became the first African President to perform such task.

NASDAQ is world’s second largest stock exchange.

Tinubu, while performing the task, was in company of  some Nigerian business leaders and officials of the Nigerian Exchange Ltd. (NGX).

The President also used the opportunity, presented by the historic moment, to advance his foreign investment push in front of financial markets at the famous stock exchange.

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“It’s a great honour for me to be here. I am happy to bring Nigeria to your doorsteps and I am honoured that we are here, today, with a bubbling Nigerian stock market that will evolve in the West African sub-region.

‘’The greatest economy in Africa is Nigeria. There is an immense opportunity in Nigeria, where you can invest your money without fear,” the President said.

He said that his government would address longstanding problems and impediments, such as the recent economic policies taken since assumption of office in May.

He said these include restoration and unification of the foreign exchange rate market to a stable and trustworthy level.

According to him, this will allow new investors to bring their money and be free of worries about whether they can take it out at any point in time.

“You’re free to take in your money and bring out your money. I count on you to invest in Nigeria,” the President said.

NASDAQ: Tinubu 1st African President to ring closing bell

(NAN)

Mohbad represents millions of Nigerian youths without proper mentors – Lagos Pastor

The Senior Pastor of the Elevation Church in Lekki, Lagos, Godman Akinlabi, has stated that the life and death of the late Nigerian singer, Ilerioluwa Oladimeji, popularly known as Mohbad, reflect a lack of adequate mentorship.