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Lagos Issues Traffic Advisory Ahead APC Women Rally On Wednesday

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The Lagos State Government has issued a traffic advisory to motorists ahead of the All Progressives Congress women’s presidential campaign rally to be held in Onikan on Wednesday.

The state Commissioner for Transportation, Dr Frederick Oladeinde, made this known in a statement on Monday, adding that traffic would be restricted between the Police Zonal Headquarters, Zone 2 and Onikan Roundabout from 10am.

Oladeinde said, “Ahead of the APC Women Rally for the presidential campaign slated for Wednesday, December 7, 2022, at Mobolaji Johnson Arena (Old Onikan Stadium), Onikan, Lagos Island, the Lagos State Government has rolled out a traffic advisory to aid the motoring public in navigating their journeys around the axis during the event.

“Motorists making use of Island Club road by police headquarters Zone 2, Onikan to connect their desired destinations through alternative routes while those from Victoria Island can make use of Ozumba Mbadiwe Road through Five Cowrie Bridge (Falomo Bridge) to access Alfred Rewane Road to Osborne Road and connect their destinations or go through Bonny Camp to access CMS/ Marina Bridge.

“I enjoin party members and other motorists attending the rally to access the venue using the Third Mainland Bridge to descend at the Onikan exit to link the designated car parks since Alfred Rewane Road through Falomo into Awolowo Road and Outer Marina through Force Road will also be opened for attendees to access designated car parks.”

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Yahaya Bello: Lawyer Asks Kogi Assembly To Begin Impeachment Process Against Ododo

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Due to accusations of misconduct and abuse of power, human rights attorney Deji Ajare has urged Kogi State House of Assembly Speaker Umar Yusuf to start the impeachment process against Kogi State Governor Usman Ododo.

Through the House clerk, Ajare made the call on Friday in a letter addressed to the speaker.

He said that using the governor’s motorcade to transport the troubled former state governor, Yahaya Bello, to safety amounted to harbouring a wanted person, obstructing the course of justice, and misusing public funds.

It was earlier reported that the Governor had whisked away his predecessor at about 4:20 pm on Wednesday, after operatives of the Economic and Financial Crimes Commission besieged the latter’s Abuja residence, to arrest him in connection with an N80.2bn money laundering case.

Following his escape, the EFCC declared the ex-governor wanted while the Nigeria Immigration Service placed him on its watchlist. The Inspector General of Police also has directed the withdrawal of all Police units attached to the former Governor.

Ajare, in his letter, also called on the assembly to cooperate with the EFCC and ensure all individuals involved are available for questioning and investigations.

“In the light of the above allegations and the inherent potential breaches of statutory duties imposed by the Constitution and other relevant laws of our country, these actions, if proven true, amount to gross misconduct and warrant immediate investigation and commencement of impeachment proceedings.

“I hereby call on the Kogi State House of Assembly under your leadership to initiate a thorough inquiry into these allegations by Section 188 of the Nigerian Constitution, to ascertain the truth and to hold Governor Usman Ododo accountable if the allegations are found to be true.

“I also urge the Kogi State House of Assembly to cooperate with national law enforcement agencies, including the EFCC, to ensure all individuals involved are available for questioning and to facilitate a smooth investigation”, he said.

He further implored the House of Assembly to take swift and decisive actions, noting the effect of the “misgovernance implied in these allegations” on the people of the state.

“I thank you as I look forward to your urgent attention to this issue. I trust in your commitment to uphold the Constitution and the laws of our land for the betterment of our state and its people”, the letter also read.

However, the Chief Press Secretary to the Speaker of the House of Assembly, Mohammed Yabagi, who spoke to our correspondent via telephone, said neither the Clerk nor the Speaker had received such a letter.

Yabagi added that the House had not seen any valid reasons to begin impeachment processe against the governor and that there was no evidence that the governor prevented security agencies from arresting Yahaya Bello.

“Anybody in the public has their perception of the matter. But the House has not seen any reason, none of the members of the House were there, and none of them saw the governor trying to prevent the security agencies from doing their job. As far as the Assembly is concerned, the Assembly supports all constitutionally recognised security agencies. We have not seen any reason why the House should commence any impeachment processes.

“For context, as far as the Executive is concerned, the immediate past governor was not even at his Abuja residence, and there’s no concrete evidence that the Executive Governor prevented them from doing their constitutionally recognised job. The House is yet to receive such a letter, and the Speaker is yet to have any knowledge of such a letter,” he said.

Meanwhile, all efforts to reach the Special Adviser on Media to the Kogi State Governor, Ismaila Isah, proved abortive, as his number was switched off.

However, the Kogi State Commissioner for Information, Kingsley Fanwo, debunked reports that Ododo helped Bello, beat security operatives who wanted to arrest him.

Fanwo in an interview with Channels TV on Thursday said the governor was committed to upholding the laws of the country, including respecting its legal processes.

“Governor Ododo did not assist in Bello’s departure from his residence; the EFCC’s claims are misinformation aimed at furthering their objectives. Bello is not evading anyone; the existing court injunction protects his fundamental rights,” he said.

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BREAKING: Minister Test Runs e-Gates At Airports

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The Nnamdi Azikiwe International Airport’s electronic gates (e-gates) were tested on Friday by Interior Minister Dr. Olubunmi Tunji-Ojo, who claimed that 99 percent of the work was completed.

He stated that by the next week, the e-gates would be operational.

Among the other high-ranking government officials that joined Tunji-Ojo were Dr. Aishetu Ndayako, Permanent Secretary in the Ministry, and Kemi Nanna Nandap, Comptroller-General of Immigration.

He said the e-gates were being deployed to eliminate human interfaces, reduce bureaucracy and make movements of passengers in and out the country seamless.

The Minister said 29 of the e-gates would be deployed in Lagos, four in Enugu and Kano while Port-Harcourt would have five.

He disclosed that the Airport infrastructure and Command and Control Centres have been subjected to different tests with fake and expired passports rejected while genuine ones were cleared.

Tunji-Ojo said:” With this massive infrastructure, we believe that no unwanted persons or persons of interests can find their ways into Nigeria. Our security through the Airports and in the Airport domains are guaranteed.

“It is a testimony to what Mr President told us from day one on his Renewed Hope Agenda. He asked us to change the narratives and make passengers movements in and out of the country seamless.

 

“You can see that we have all our team here working in synergy with the authorities of the Federal Airport Authority of Nigeria, (FAAN) the Nigeria Customs Service and other stakeholders.

“I must at this point commend the Minister of Aviation, Hon Festus Keyamo (SAN) and other critical stakeholders who have made this transformation possible.”

 

 

More to come…

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Transcorp Power Plc Records 775% PBT Jump In Q1 2024 With Impressive Revenue Growth

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Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading, listed conglomerate, Transnational Corporation Plc (Transcorp Group), has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements, for the period ended March 31, 2024.

The Company recorded N67.86 billion in gross earnings, compared to N21.04 billion reported in Q1 2023, reflecting a significant increase of 223%.

The strong performance is further demonstration of the Company’s strategic focus and effective execution, as part of Transcorp Group’s implementation of its integrated power strategy.

Highlights of Transcorp Group Results

Q1 2024 Revenue N67.86 billion, up 223%, compared to N21.04 billion in Q1 2023.

Profit before Tax rose by 775%, amounting to N28.77 billion in Q1 2024, compared to N3.29 billion in the same period last year.

Profit after Tax grew by 665% year-on-year to N20.1 billion in Q1 2024, compared to N2.6 billion in the same period last year.

Total assets grew to N276.2 billion in Q1 2024, up from N223.3 billion in Q4 2023.

Commenting on the financial highlights, Evans Okpogoro, the Chief Financial Officer said, “The Q1 2024 results saw a gross margin of 51%, a cost to income ratio of 70% and net profit margin of 30% compared to Q1 2023 gross margin of 37%, cost to income ratio of 87% and net profit margin of 13%. This highlights the remarkable operational efficiency gains of the Company. Transcorp Power has continued to grow its revenue aggressively and consistently over the last five years. We expect that by year end 2024, we will see a similar growth trajectory recorded between FY 2022 and FY 2023.”

Transcorp Power MD/CEO, Peter Ikenga, commented on the results, “We are pleased to report further robust financial performance, despite sectoral challenges such as gas supply issues and macroeconomic challenges. Our ability to sustain growth amidst this environment shows the resilience of our business model and the efficient execution of our strategic initiatives.”

“We remain committed to leveraging our strengths to capitalise on emerging opportunities, drive sustainable growth and provide superior value to all our stakeholders. We will continue to prioritise ingenuity, operational excellence, corporate governance, and stakeholder engagement, to deliver superior value for our long-term growth”. He added.

About Transcorp Power Plc

Transcorp Power Plc is an electricity generating subsidiary of Transnational Corporation Plc (Transcorp Group), one of Africa’s leading, listed companies, with strategic investments in the power, hospitality, and energy sectors.

Transcorp Power is committed to creating value and driving economic growth, by improving lives through access to electricity and transforming Africa.

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