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Sanwo-Olu Orders Demolition Of Three Buildings On Banana Island

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The Governor of Lagos State, Babajide Sanwo-Olu, has ordered the demolition of three two-storey buildings in Banana Island following the collapse of a seven-storey building in the area.

Sanwo-Olu gave the order on Saturday during his visit to the site of the collapsed seven-storey building and inspection of other infrastructure around the Island.

At 310 Close, he ordered the demolition of the two-storey building because it was an illegal structure, without approval.

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Also at 306 Close, the governor ordered the removal of two-storey buildings adjacent to each other because they were constructed under the powerline and under water.

READ ALSO: Updated: Seven Rescued, One Missing In Lagos Building Collapse

While speaking at the site of the collapsed seven-storey building, he blamed the unfortunate incident on the irresponsibility of the developers and some of the citizens that just wanted to make quick money.

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Sanwo-Olu also blamed the Federal Ministry of Works and Housing and National Inland Waterways Authority, for allegedly granting extension of the line of Banana Island.

According to him, the incident shows that the Lagos State building officers are not alive to their responsibilities, and officers found culpable will also be sanctioned.

“We are at the site of the last unfortunate building collapse in Banana Island Lagos. Like it has been reported before now, there has been a lot of investigation that is going on right now and you can see that they are still clearing the rubbles at the site.

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READ ALSO: Construction Workers Trapped As 7-storey Building Collapses In Banana Island

“We have given an order to stop work, not only at this site but also in all of the construction sites in Banana Island.

“I think that the exercise we are doing today is not really just about this location. You have all seen the extent of what I will call unapproved extension into the water, at the back of each of the land that is abutting water.

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“You can see that the original line for Banana Island is even not where we are. It’s way in front there and you can see that there are several extensions that have been granted by both the Federal Ministry of Works and Housing and NIWA.

“These are the two federal agencies that have been culpable for those extensions.

READ ALSO: Doctor Collapses, Dies If Lassa Fever While Performing Surgery

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“From what I have been told all of the four buildings at the back have never even applied for approvals. The illegality is real and so that is why we are going round other properties in Banana Island.

“Excuses have been given that they don’t have access and this is not acceptable. This is a total recklessness of all of the developers and we will make a strong point out of this place and all-around Banana Island and in other developments that we have,” he said.

The governor said that an external seven-member committee had been set up with two weeks mandate to independently ascertain what had gone wrong.

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He said that the outcome from the committee would further strengthen the government to be able to come up with a robust workplan that could be enforced going forward.

READ ALSO: First Citizens Bank To Acquire Collapsed SVB

We have had to change staff here and there so that we can bring forward a robust and very strong monitoring offices. But we believe that we are still far from, we are still short on it, I must say.

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‘“We will continue to do what we need to do to ensure that we keep the lives of our residents safe at all times,” Sanwo-Olu said.

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Foundation Holds School Debate In Benin To Address Negative Narrative About Education

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Osahon Enabulele Foundation, (DOEF), has given reason for organising interschool secondary schools debate in Edo State, saying it was “conceived to tackle the negative narrative surrounding the value of education among the younger generation.”

The Director—General of the foundation, Dr. Osahon Enabulele, stated this at the grand finale of the maiden edition of the debate held in Benin on Wednesday.

The competition, titled: “If education is a scam or not” was informed by the social-economic reality with students demonstrating impressive intellectual competition and depth.

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Enabulele stressed that the debate was aimed at promoting intellectual development, encouraging civic engagement and public speaking, and fostering leadership qualities and critical thinking.

READ ALSO:Foundation Engages Traditional Leaders To Curb GBV In Bauchi

He added that the foundation, established nine months ago, was driven by strategic pillars that include leadership and governance, health, education, policy advocacy and social philanthropy.

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According to him, many young people are becoming disillusioned by society’s “defective role modelling” and the “unfortunate reward for individuals with questionable sources of wealth,”

He said, “The debate is totally driven by the Foundation as a deliberate interventionist initiative that seeks to reverse the worrisome negative narrative about education, particularly amongst our upcoming generations, including our youths who are increasingly becoming victims of our society’s defective role modelling and unfortunate reward for individuals with very questionable sources of wealth, with leadership and societal positions. Our younger ones are truly becoming disillusioned as a result of these inanities.

“Some no longer think it is worthwhile to acquire education or task their brains in any way. This debate initiative is therefore our Foundation’s committed efforts to contribute to the reversal of this worrisome trend and mindset affliction.”

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READ ALSO:Employ Sign Language Interpreters, Foundation Urges Nigerian Banks

The interschool debate saw Eghosa Grammar School clinching the N1m star prize while other winners were also presented with a certificate of participation, books and other sundry items.

The outstanding speakers during the debate also went home with cash prizes ranging from N100,000 to N200, 000.

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Trump’s Military Threat: ‘Poor Man Is Already A Sinner’ – Shehu Sani

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Former lawmaker, Shehu Sani, has criticised United States President Donald Trump’s approach to global relations, alleging a double standard in the way he engages with different regions of the world.

In a statement posted on X on Wednesday, Sani said Trump had secured a trillion-dollar deal from Saudi Crown Prince Mohammed bin Salman and consistently defended the kingdom, while raising issues of human rights, terrorism and religious persecution only when dealing with African leaders.

According to him, no African, European or Latin American nation could offer Trump the kind of financial leverage that oil-rich Arab states provide.

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READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran

Sani’s remarks come amid Trump’s recent threat of military action in Nigeria over allegations of Christian genocide.

The former lawmaker argued that in a materially driven world, “a poor man is already a sinner,” suggesting that economic power continues to shape international attitudes and interventions.

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He wrote: “Mr Trump got a deal of a trillion dollar from Bin Salman and defended everything about Saudi Arabia. No African, European or Latin American country can give him that.

“When they are talking with oil rich Arab countries, issues of human rights, executions, terrorism and religion doesn’t come up, until they meet with African leaders and start asking them where they learned ‘how to speak English’. In a material World, a poor man is already a sinner.”

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Why Nigerians Are Not Feeling Inflation Drop – Economists

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Despite Nigeria recording its seventh consecutive month of disinflation, economists and financial analysts have raised concerns that the easing inflation trend has brought little or no relief to Nigerians and households already overwhelmed by high living costs and economic hardship.

The National Bureau of Statistics (NBS) reported that headline inflation slowed to 16.05 per cent in October 2025, down from 18.02 per cent in September, one of the strongest single-month declines this year.

Food inflation also moderated to 13.12 per cent, compared to 16.9 per cent in the previous month.

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But economists and analysts insist the improved figures do not reflect the economic reality facing millions of Nigerians.

The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, said the gains from the latest figures have not translated into real cost-of-living relief because price pressures remain elevated across essential sectors.

READ ALSO:Why U.S. Military Intervention In Nigeria Will Be Messy, Says Adeyemi

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Inflationary pressures remain elevated in critical household sectors—including food, transportation, housing, utilities, education, and health—which jointly account for 84 percent of inflation,” Yusuf noted.

He attributed the limited impact of disinflation to persistent structural challenges such as high logistics costs, energy constraints, insecurity in food-producing regions and climate-related disruptions that continue to suppress supply.

According to him, “the full welfare benefits are yet to be sufficiently felt by households due to persistent structural constraints.”

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Yusuf advised that deeper and sustained reforms across key sectors—supported by coordinated monetary, fiscal and structural policies—are necessary to turn statistical improvements into real economic progress.

‘NBS Inflation Figures Are Flawed’ — Former CIBN President, Okechukwu

In an interview with DAILY POST, Mazi Okechukwu Unegbu, former President of the Chartered Institute of Bankers of Nigeria (CIBN), said the October inflation report is detached from the real-life experience of Nigerians.

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READ ALSO:Nigerian Military Kills 50 Jihadists During Army Base Raids

Unegbu insisted the country’s true inflation rate is significantly higher than official figures suggest.

The inflation figure by the National Bureau of Statistics is flawed because it does not reflect reality. In real terms, the country’s inflation is as high as 29 percent,” he said.

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He argued that the persistent rise in the cost of food, rent, transportation, fuel, and other essentials shows that the declining inflation rate “does not make sense” to the average Nigerian.

Why Nigerians Still Feel No Relief — Oyedokun

An economist and a university don, Prof Godwin Oyedokun, said most Nigerians feel no impact from the inflation slowdown because the structural drivers of the cost-of-living crisis remain intact.

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READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran

He outlined six reasons why Nigerians are yet to feel the impact of inflation: “Prices are still rising— just more slowly- A drop in inflation does not mean prices are falling. Nigerians are still paying historically high amounts for food, transport, energy and rent.

“Incomes remain stagnant- Wages, pensions and SME earnings have failed to keep up with inflation for two years, weakening purchasing power.

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“Key cost drivers remain unresolved- Exchange-rate volatility, high energy costs, logistics inefficiencies, insecurity in food belts and elevated interest rates continue to fuel price increases.

READ ALSO:Two Nigerians Sentenced For Attempting To Obtain Ghana Cards With False Identities

Inflation expectations are still high- Businesses expect prices to rise further and therefore adjust prices upward in advance.

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State-to-state variations distort relief- Some states still record much higher food and transportation inflation than the national average.

“Poverty levels overshadow economic data- With high unemployment and widespread poverty, even a slowdown in inflation does little to improve household welfare.”

Prof. Oyedokun concluded that “Nigerians have yet to feel any relief because the level of prices— not just the rate of change— remains painfully high, and the structural conditions driving hardship persist.”

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