Sanwo-Olu inaugurates construction of Falomo Towers Ikoyi  - Newstrends
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Sanwo-Olu inaugurates construction of Falomo Towers Ikoyi 

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A major urban renewal project to restore the aesthetic landscape of Falomo, the commercial suburb of Ikoyi in Lagos State, has been flagged off by Governor Babajide Sanwo-Olu, on Friday.

Lagos State Development and Property Corporation (LSDPC) sealed a joint redevelopment partnership with Afriland Properties Plc, a private developer, to turn former Falomo Shopping Complex to a premium sky-high real estate that will enhance the socio-economic outlook of the neighbourhood.

Falomo Towers, being developed on 11,950 square metres of land, will offer a blend of green amenities that will promote quality living.

The project development is expected to be completed in 30 months.

Afriland Properties Plc is a subsidiary of Heir Holdings, owned by the foremost entrepreneur and banker, Mr. Tony Elumelu.

Sanwo-Olu, at the sod turning ceremony held at the project site, said the construction flag-off ended a decade-long discussion with the developer to revive the project and build iconic towers that would turn around the fallow land for the benefit of the public.

The governor said the project was another milestone achieved by his administration to renew urban amenities, stressing that the strategic implementation of the Lagos Masterplan had been dependent on the Government’s ability to forge workable partnership between the public and private sectors.

He said: “This is a phenomenal project that will bring back the lost ambience of Ikoyi. When this partnership was initiated 10 years ago, I was the Managing Director of LSDPC. It is interesting to note that we’ve all gone through arbitration but we didn’t throw a wrong punch. We agreed this project must not be thrown away. Today we are making a transaction that is bigger and better than what was initially proposed 10 years ago.

“This testifies to the uniqueness of public and private sectors in ensuring things can be made a lot better when we sit and agree. This is a clear example of what Public Private Partnership (PPP) model is out to achieve when partnerships and collaborations are pursued and implemented with seriousness. When we put our minds of possibilities to ideas, great things happen. This aptly describes the story of today’s flag-off of construction of Falomo Towers.”

Sanwo-Olu described Afriland Properties as a tested, trusted and reliable developer, saying the Corporation had found the right partner for the redevelopment project.

The governor said the Lagos State Government would remain committed to ensuring the investors get full value for their investments, while promising to continue to pursue business environment reforms, including automation of land and property records to scale up transparency and efficiency that catalyse sustainable investments.

Elemelu said the partnership was another testimony to the Lagos State Government’s belief in the private sector as a key development driver in the State, praising the Lagos political leadership for setting the pace of private sector inclusion in governance.

For surmounting obstacles that delayed the take-off of the partnership, Elumelu said Lagos remained the most hospitable environment to investors seeking profitable return on their investments.

He said: “I commend Gov. Sanwo-Olu and the political leaders of the State for believing in the private sector. What we are witnessing today attests to their beliefs in the private sector as driver of development in the State

“For private sector to do well, the political leadership must create the right environment. Lagos has set the pace in this direction. This partnership is a celebration of dialogue and this makes Lagos remain the most hospitable environment for investors.”

The LSDPC Chief Executive Officer, Hon. Ayodeji Joseph, said the project site evoked memories of a glorious past for Island dwell in the 1970s, noting that the Corporation took an informed decision to turn around the site by building residential apartments to provide additional accommodation to the growing middle class, business professionals and the swelling rank of young citizens.

He said: “Over 40 years down the line, the corporation in its decision to renew some of its facilities has deemed it fit to redevelop the site of the shopping complex, taking into consideration the realities of today’s needs as well as the environmental impact implications.

“To achieve this purpose, we decided to mobilise finance from the private sector. This decision will free resources that could otherwise be tied down to this project, for other pressing needs. In addition, it will allow the project to benefit from the competitive efficiencies for which the private sector is better known.”

Chief Executive Officer of Afriland Properties, Mrs. Uzo Oshogwe, noted that the redevelopment project was a revival of a landmark, saying: “With the project, we tend to give Ikoyi back its aesthetic landmark

She said the iconic project would enhance and beautify Ikoyi skyline, adding that the partnership would be creating economic opportunities and social wealth that would transform the State and the country.

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Troops Kill Five Kidnappers, Rescue Abducted Woman in Plateau

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Nigerian military troops
Nigerian military troops

Troops Kill Five Kidnappers, Rescue Abducted Woman

Troops of Operation Enduring Peace (OPEP) have successfully neutralised five suspected kidnappers and rescued a woman who had been abducted in Plateau State, security officials confirmed on Wednesday. The operation, described as intelligence‑driven, took place at a criminal hideout in Angwan Boka, Sopp District, within the Riyom Local Government Area.

According to Captain Chinonso Polycarp Oteh, spokesman for the Joint Military Task Force, the raid was prompted by actionable intelligence provided by two individuals apprehended on February 16, who were later identified as members of a local kidnapping syndicate. Troops swiftly mobilised to the hideout, where they engaged the kidnappers in a firefight, resulting in the death of five suspects and the safe rescue of the victim, identified as Hauwa Suleiman. She was found unharmed and has since been reunited with her family.

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During the operation, security forces also recovered evidence linking the suspects to criminal activities, including three mobile phones, ₦17,600 in cash, and substances suspected to be illegal drugs. Captain Oteh emphasised the importance of community cooperation in fighting crime, urging residents to provide credible information that would help security agencies locate and dismantle criminal networks. “Even though we will do our best, with credible and actionable information, we can know where criminal elements are and deal with them so that there will be peace,” he said.

Community members, including John Mairiga of Riyom, attested to the success of the raid and praised the troops for their swift intervention. Authorities described the operation as part of ongoing efforts to combat kidnapping, banditry, and violent crime across Plateau State and the broader Middle Belt region. The Nigerian Army reaffirmed its commitment to ensuring that citizens can return to their farms and businesses without fear of attacks.

The operation underscores the growing effectiveness of intelligence‑led military operations in tackling organised crime in Nigeria and highlights the critical role of community engagement in supporting security agencies. Residents are encouraged to continue providing information to security operatives to sustain the momentum of peace and stability across affected areas.

Troops Kill Five Kidnappers, Rescue Abducted Woman

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Sowore Condemns Electoral Act 2026 as Threat to Nigeria’s Democracy

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Former Presidential Candidate of the African Action Congress, AAC, Omoyele Sowore
Former presidential candidate and activist Omoyele Sowore

Sowore Condemns Electoral Act 2026 as Threat to Nigeria’s Democracy

Former presidential candidate and activist Omoyele Sowore has condemned President Bola Ahmed Tinubu for signing the Electoral Act 2026 (Amendment) into law, describing the legislation as a direct threat to Nigeria’s democratic integrity and the credibility of upcoming elections.

Reacting shortly after the signing ceremony at the Presidential Villa in Abuja on Wednesday, Sowore said the law was “designed to undermine and ultimately forbid free, fair, and credible elections in Nigeria.” He urged citizens and civil society groups to actively oppose its provisions, warning that the legislation could erode hard-won democratic norms. “We must resist this assault on democracy,” he said. “They have dared the people. Now we must confront them, we must damn their impunity.”

President Tinubu signed the Electoral Act 2026 (Amendment) around 5:00 p.m., in a ceremony attended by principal officers of the National Assembly. The law is intended to govern the conduct of elections ahead of the 2027 general elections, with presidential and National Assembly polls scheduled for February 20, and governorship and State Houses of Assembly elections set for March 6.

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Sowore’s criticism reflects concerns from opposition politicians, civil society organisations, and legal analysts, who argue that some provisions of the amended law could weaken transparency and fairness in Nigeria’s elections. He pointed to clauses that may restrict political participation for smaller parties and independent candidates, limit judicial oversight in election disputes, and expand discretionary powers for the Independent National Electoral Commission (INEC) in ways that could centralise control and reduce accountability.

The activist’s remarks have reignited public debate, with supporters of the law arguing that the amendments are intended to streamline electoral processes, reduce frivolous litigation, and improve efficiency in Nigeria’s often protracted election system. Critics, however, warn that the law could be exploited to favour incumbents and entrenched political interests, potentially undermining the competitiveness of the 2027 elections. Civil society organisations have called for robust public education and, where necessary, judicial review to safeguard constitutional principles.

The Electoral Act 2026 (Amendment) arrives at a critical juncture for Nigeria’s democracy. With general elections just months away, political tensions, party realignments, and security concerns are intensifying nationwide. Observers note that the legal framework governing elections will play a pivotal role in shaping public confidence in the process. Sowore’s call for resistance adds to growing voices urging Nigerians to remain vigilant and assertive in defending transparency and accountability in governance.

Sowore Condemns Electoral Act 2026 as Threat to Nigeria’s Democracy

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DSS Takes El-Rufai into Custody After Two Nights at EFCC Headquarters

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Operatives of the Department of State Services (DSS) have taken former Kaduna State governor Nasir El-Rufai
Operatives of the Department of State Services (DSS) and former Kaduna State Governor Nasir El-Rufai

DSS Takes El-Rufai into Custody After Two Nights at EFCC Headquarters

Operatives of the Department of State Services (DSS) have taken former Kaduna State governor Nasir El-Rufai into custody following his extended stay at the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja.

Multiple security and government sources confirmed that El-Rufai was picked up by DSS operatives late Wednesday night directly from the EFCC facility, where he had reportedly spent two nights undergoing interrogation.

Sources familiar with the EFCC investigation said the former governor was repeatedly requested to provide a written statement concerning allegations of financial impropriety during his tenure as governor of Kaduna State between 2015 and 2023. However, he was said to have declined to submit a written response, insisting instead on verbal engagement with investigators.

El-Rufai had honoured an EFCC invitation on Monday in connection with allegations bordering on the diversion of ₦423 billion and money laundering, claims initially raised by the Kaduna State House of Assembly in 2024. The lawmakers had, at the time, recommended a comprehensive probe by anti-corruption agencies following a report by a special investigative committee.

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In addition to the EFCC investigation, El-Rufai has also been invited by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over related allegations stemming from the same period.

Security sources further disclosed that last week, operatives attempted to arrest the former governor at the Nnamdi Azikiwe International Airport shortly after his return from Cairo, but the attempt was unsuccessful.

Following that incident, El-Rufai publicly alleged that the ICPC was acting on the instruction of Nuhu Ribadu, Nigeria’s National Security Adviser, to effect his arrest. He later expanded the claim during an appearance on Prime Time on Arise Television, alleging that Ribadu’s telephone had been wiretapped and that he overheard directives ordering his arrest.

On Monday, the DSS filed a three-count charge against El-Rufai relating to the alleged interception of the National Security Adviser’s telephone conversations, a development that further complicated his legal situation.

However, senior security officials have insisted that the DSS action is separate from the EFCC investigation, describing it as an “independent and escalating security matter” unrelated to the financial probe. They maintained that the DSS involvement stems from national security concerns rather than alleged financial crimes.

The unfolding developments have significantly deepened the legal and political challenges confronting the former governor, who is now facing investigations by multiple federal agencies, even as no formal conviction or court judgment has been recorded against him.

Further official statements are expected as investigations progress.

DSS Takes El-Rufai into Custody After Two Nights at EFCC Headquarters

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