News

Sanwo-Olu Orders Demolition Of Three Buildings On Banana Island

Published

3 years ago

April 23, 2023

Editor

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.

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.

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.

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.

“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.

“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.

“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.

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.

“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.

‘“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.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

2 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

3 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

5 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.