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Succor will soon come to users of Apapa Wharf road as Federal government handed over the troubled road to Dangote Industries Limited and Flour Mills of Nigeria (FMN) for immediate reconstruction with concrete overlay.

After the nation and port users have lost several billions of Naira on the dilapidated road, thenFederal government at the weekend in Lagos signed a memorandum of understanding (MOU) with the two companies to repair the road. The construction of the road will be handled by AGDangote, a subsidiary of Dangote industries limited.

Dangote   Group and FMN are funding the project valued at N4.3 billion. AGDangote is handling the construction of the road. They have constructed concrete roads in Ibese, Ogun State and currently working on roads in Obajana.

Speaking at the MOU signing ceremony held at the Conference Hall of Area B Command of the Nigeria Police, Apapa, Honorary Adviser to the President/Chief Executive of Dangote Group, Engineer Joseph Makoju said the Group is moved by the deplorable state of the road which informed the need to look for like-thinking partners to effect repairs and salvage the road.

According to him, the deplorable state of the road has impacted negatively on businesses, activities and lives of people within the locality. He explained that the state of the road crippled economic activities as people spend whole days in traffic losing precious work hours

Makoju opined that the two kilometer road to the gate of Apapa is vital to the nation’s economy and described it as the national economy’s artery.

He commended the Managing Director of the Nigeria Ports Authority, who he said put in extra efforts to ensure the handing over of the road for reconstruction as the project has been on ground for over a year. The new road, he said will be concrete based in contrast to laterite base and has a life span of between 30 years to 50 years.

He described the road reconstruction as a higher form of corporate social responsibility as Dangote Group is not asking for tax rebates. According to him, businesses need to engage with host communities through corporate social responsibility projects to ensure sustainability.

He said, “here at Dangote, we have built houses, new towns, hospitals, schools, roads, markets and awarded scholarships in the communities where we have our operations but this is a higher form of corporate social responsibility. This project is a higher form of intervention on a national level, intervening in provision of critical infrastructure.”

However, he tasked government to do more in terms of providing a conducive and enabling business environment for businesses to thrive stressing that If the environment is conducive and right, businesses will thrive and do more in terms of interventions in national infrastructure.

Minister of Works, Babatunde Fashola in his remarks at the event said, “We are here to embark on what will be the final solution to a massive inconvenience business and people in Apapa suffered over the years. Apapa is the nation’s first industrial base and was served by a good rail system. Cargo and containers were moved by rail to all parts of the country. The road network was for transport of passengers. The roads were good.

However, we allowed the rails to collapse and choose road for evacuation of containers and cargo. But we are working to stop all these. The minister of transport is taking steps to revive the rails and evacuation of cargo and containers from the ports.”

He disclosed that for several years government adopted palliative measures towards the road while waiting for a final solution and especially thanked Dangote Group and Flour Mills for coming take over the road for repairs. He said, “we must thank Dangote Group and Flour mills for coming to our aid via providing the funding for the repairs. The repairs estimated for a duration of one year is valued at N4.3 billion.”

Explaining why it took government some time before handing over the road for repairs, he said, “The delays in handing over the road for reconstruction was because of the need to put final touches to the road design. Apapa has high water table and any road built here must have proper drainages otherwise it will be experiencing constant flooding.”

He added, “We have done the survey and prepared the bill of quantity. The two kilometer road which will be based on concrete is estimated at N4.3 billion. A concrete base instead of laterite is chosen. Concrete base has a lifespan of between 30 to 50 years and in many developed countries, concrete base is used presently for roads. AG Dangote, a subsidiary of Dangote Group is chosen as the contractor. The construction and funding will be on corporate social responsibilities bases as they will not be seeking for tax reliefs.”

Fashola called on all stakeholders to corporate with the constructing company and traffic controllers because there would be distortions and road diversions. All road users should exercise patience because it will get better, he said.

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NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

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NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

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JUST IN: Customs Hands Over 21 Stolen Vehicles To Canadian Government

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The Nigerian Customs Service (NCS) has transferred 21 stolen “Sport Utility Vehicles” (SUVs) and other assorted vehicles to the Canadian Government, following their recovery from various locations across the country.

 

More to come…

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Former Kogi Governor Yahaya Bello Now In Our Custody — EFCC

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The Economic and Financial Crimes Commission (EFCC) has revealed that former Kogi State governor, Yahaya Bello, has been detained in the agency’s custody for allegedly misappropriating over N110 billion in public funds.

The EFCC stated that the former governor appeared at its headquarters after months of ignoring invitations and avoiding court summons related to fraud connected to his administration.

EFCC spokesperson, Dele Oyewale, on Tuesday said that Bello had been detained and would be questioned about the allegations against him.

According to reports, Bello responded to the EFCC’s invitation on Tuesday, arriving at the EFCC office with his lawyers, but without his successor, Governor Usman Ododo, who had reportedly been shielding him from arrest.

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