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The landlord union and residents of Bolorunpelu, a community in Ibeju-Lekki local government area of Lagos state, is asking for the government’s attention over the activities of certain individuals and organizations said to be occupying other persons’ lands illegally.

In a statement made available to PorscheClassy Media by the union under the aegis of Incorporated Trustees of Bolorunpelu Landlords and Residents Association, has dragged the matter to the court of law. In Suit No. EPD/6122LMW/18 filed before the High Court of Lagos State, Epe Judicial Division, Epe, against Asset & Resource Management Company Limited; Toll Systems Company Limited; Chief Mutairu Owoeye & Company Ltd; Alhaji Mutairu Owoeye And Mr. Ganiyu Owoeye (a.k.a Garba), the community is praying the court for the following reliefs:

  1. A declaration that the unlawful invasion of the claimants’ properties with dangerous firearms, offensive weapons, malicious destruction/ demolition of the claimants’ houses, churches, factories and industries without lawful and valid court orders/ judgment by the 1st to 4th defendants through the 5th to 8th defendants, with the purpose of chasing the claimants out of their respective parcels of land and annexed and fenced the annexed land, is unconstitutional, illegal and unlawful.
  1. A declaration that the defendants’ use of force, violence, self help, armed hoodlums to secure entry into the claimants’ landed properties, and took over the claimants’ landed property is unconstitutional, illegal and unlawful.
  1. A declaration that the continued occupation of the claimants’ landed properties by the defendants’ of which the defendants secured entry and fenced it, through use of force, offensive weapons and firearms, violence, self-help, armed hoodlums and took over the claimants’ landed property is unconstitutional, illegal and unlawful.
  1. An order of the honourable court directing the defendants to immediately vacate the claimants’ parcels of land as described in their respective survey plans and restore all the properties the defendants destroyed.
  1. N100,000,000.00 damages in favour of the claimants and against the defendants, jointly and severally for the malicious destruction/ demolition of the claimant’s houses, churches, factories and industries causing the claimants to suffer untold hardship, loss of their business, homes and psychological trauma.

BIG STORY

BON Awards Hosts Memorable Book Reading Of Do As You’re Told Baji

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On November 24th, 2024, the Best of Nollywood (BON) Awards organized a captivating book reading of Do As You’re Told, Baji, authored by the renowned writer Lola Shoneyin. The event, held at 11 a.m. in Kwara State, celebrated the power of storytelling and the importance of fostering a culture of reading among families.

Among the distinguished attendees were the First Lady of Kwara State, Ambassador Olufolake AbdulRazaq, alongside notable figures such as Wole Ojo, Cynthia Clarke, Chioma Okafor, Segun Arinze, and Kemi Adekomi, who added prestige and insight to the event.

In her remarks, Ambassador Olufolake AbdulRazaq highlighted the vital role of parents in fostering a love for reading among children. “Parents should cultivate the habit of reading with their children,” she said. “It’s not just about education—it’s about creating lasting memories and strengthening family bonds.”

The reading of Do As You’re Told, Baji showcased Lola Shoneyin’s vibrant and relatable storytelling, leaving participants inspired to embrace literature as a means of cultural and personal enrichment. The event also featured engaging discussions about the book’s themes, celebrating the depth and diversity of Nigerian literature.

This initiative reinforces the BON Awards’ dedication to promoting the arts, literacy, and the celebration of Nigerian creative talents.

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BIG STORY

Nigeria Has Saved $20bn From Subsidy Removal, Naira Float Policies — Finance Minister Edun

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Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from “petrol” subsidy removal and market-based pricing of the foreign exchange rate.

Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.

“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on “PMS”; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.

“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”

Edun said these flows now return into the government’s coffers for further deployment to the aforementioned sectors.

“The real change that has happened with the measures of Mr. President is that nobody can wake up and their target for the day or for the week or the month or the year is to get access to cheap funding, cheap funding exchange from central bank, which they can now flip,” Edun said.

“And overnight, they become wealthy from no value added for doing virtually nothing, except you know the right people. Similarly, they can no longer try and be part of a new peak market and very inefficient “petrol” subsidy regime as a way of making money overnight.”

On May 29, President Bola Tinubu said the “petrol” subsidy regime was over.

Three months later, TheCable reported that Tinubu was considering a “temporary subsidy” on “petrol” as crude oil prices and foreign exchange rates soared.

After several denials of the return of “petrol” subsidy by the authorities, the Nigerian National Petroleum Company (NNPC) Limited, on August 19, said the federal government owes it N7.8 trillion for under-recovery.

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BIG STORY

Dangote Refinery Reduces Ex-Depot Price Of Petrol To N970 For Oil Marketers

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The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as “petrol”, to N970 per litre for oil marketers.

This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.

The slash would help marketers save about N20 on each litre of “petrol” bought from the Lekki-based plant.

Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.”

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

On November 11, the Independent Petroleum Marketers Association of Nigeria (IPMAN) reached an agreement with the refinery to lift “petrol” and “diesel” directly.

Abubakar Garima, national president of IPMAN, said the partnership would ensure a steady, affordable supply of “PMS” products nationwide.

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