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The Group Managing Director and Chief Executive Officer of Inner Galaxy Group, Mr. Andy Lu, has restated his company’s determination to support Nigeria to become an important regional player in steel development, as a catalyst for the country’s overall industrial development.

Mr. Lu observed that at Nigeria’s current stage of development as a country’s, the steel industry is very vital. According to him, “the steel industry is the backbone of industrial revolution, because all the construction needed as part of infrastructure improvement will largely ride on the back of the steel industry”. He continued “even machinery in the production process, the automotive industry and most other industries will be supported by the steel industry”.

Mr. Lu who was speaking with newsmen in Lagos recently pointed out that his group’s appreciation of the future of Nigeria is the reason “we are investing heavily even now that many other foreign investors are leaving the country”.

He pointed out that two subsidiaries of the Inner Galaxy Group, namely Hongxing Steel Company Ltd based in Amuwo Odofin, in Lagos State and Inner Galaxy Steel Company based in Abia State, are major players in the steel industry and West Africa. According to him “our factory in Abia State is the largest steel company in the whole of West Africa”. The factory will soon be commissioned, will be able to supply much of the steel needs of Nigeria and many of her West African neighbours.

The Inner Galaxy Group is one of the leading Chinese companies playing in the real sector of Nigeria’s economy. Its subsidiaries include Hongxing Steel Company Ltd; Inner Galaxy Steel Company Ltd; Inner Galaxy Ship Scrapping Company Ltd; Jiuxing Integrated Industries Ltd; and Paramount Gas Co., Ltd.

 

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BIG STORY

UPDATE: Bobrisky To Sue VeryDarkMan For N1bn, Claims Voice Recording Was AI-Generated [PHOTOS]

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Bobrisky, the social media celebrity, has threatened to file a N1 billion lawsuit against activist VeryDarkMan for alleged defamation.

In a document dated September 27, Bobrisky claimed that VeryDarkMan shared a recording, allegedly created using Artificial Intelligence (AI), to tarnish her reputation.

Bobrisky’s legal counsel gave the activist a 24-hour ultimatum to retract the statements and apologize or face legal action.

The situation began after VeryDarkMan, whose real name is Martins Otse, posted an audio recording online in which Bobrisky allegedly claimed to have bribed Economic and Financial Crimes Commission (EFCC) officials with N15 million to drop charges against her.

Bobrisky, whose birth name is Idris Okuneye, had been released from prison on August 5 after serving a six-month sentence for abusing the naira.

In the audio, Bobrisky supposedly said her “godfather” and Haliru Nababa, the Nigerian Correctional Service (NCoS) controller general, ensured she served her sentence in a private apartment instead of a prison.

Bobrisky denied the claims, calling the recording “fake” and asserting that she did not bribe the EFCC.

Both Bobrisky and VeryDarkMan were invited by the EFCC over the bribery allegations, and the agency’s chairman, Ola Olukoyede, ordered an immediate investigation.

The federal government also suspended two NCoS officials over the bribery claims involving Bobrisky.

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BIG STORY

Lagos, Ogun Warn Residents As Oyam Dam Plans Water Release

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The Lagos and Ogun state governments have warned residents living in flood-prone areas, especially those near riverbanks, to temporarily relocate or prepare for possible flooding due to the planned release of water from the Oyan dam.

The release, managed by the Ogun-Oshun River Basin Development Authority (OORBDA), is an annual process to regulate dam levels during the rainy season.

Last year, flooding caused by water release from the dam affected residents of Isheri Riverview Estate and surrounding areas.

To prevent a similar situation, both state governments have advised communities in low-lying areas to take precautions, including moving to safer locations, as the release could cause rivers to overflow and result in severe flooding.

The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, confirmed that advocacy efforts were underway, urging people in vulnerable areas like Ajilete and Owode-Onirin to relocate.

The Ogun State Commissioner for Environment, Ola Oresanya, noted that the dam’s water release volume would be increased to create more reservoir space.

However, OORBDA assured the public that the release would not cause flooding, and the dam has undergone regular maintenance to prevent any failures.

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BIG STORY

Federal Government Declares October 1 As Public Holiday In Celebration Of Independence Day

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The Federal Government of Nigeria has declared Tuesday, October 1, 2024, as a public holiday to commemorate the country’s 64th Independence Day celebration.

This announcement was made by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, who congratulated Nigerians both at home and abroad on this historic occasion.

Dr. Tunji-Ojo commended the resilience and hard work of Nigerians, emphasizing that their sacrifices will not go unnoticed.

He encouraged citizens to reflect on the enduring efforts of the nation’s founding heroes, reminding them that the dream of a prosperous and united Nigeria can only be realized through collective action and national unity.

He also “reiterated the need for Nigerians to reflect on the labour of our heroes past and be inspired for the tasks ahead, realising that a Nigeria of our dream can only be built when we unite”.

“While wishing Nigerians a Happy Independence Day Anniversary, Dr. Tunji- Ojo urged the citizens to continue to be steadfast in nation-building,” the statement reads.

The federal government had announced that this year’s Independence Day anniversary will be a “low-key event” due to the economic hardship and spiralling inflation bedevilling millions of households.

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