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Three Die As Lagos Ministry, Police, Hoodlums Demolish 200 Buildings

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Several landlords and residents of the Oke-Ira community, in the Igbogbo Bayeku Local Council Development Area of Lagos State have been rendered homeless after officials of the State Ministry of Physical Planning and Urban Development alongside security agents and hoodlums demolished about 200 buildings.

Report has it that three landlords died from shock during the 10-hour demolition exercise,.

No fewer than eight landlords, who were also traumatised by the incident, were said to be recuperating in different hospitals.

It was gathered that normal activities were ongoing when the government team stormed the community with three bulldozers around 10am, when some of the landlords and residents had gone to their workplaces.

Without presenting a demolition order, the available landlords and residents claimed that the government officials, led by one Engineer Omotoso, claimed that they were acting on the orders of the state Governor, Babajide Sanwo-Olu.

The affected members of the community explained that as the demolition was ongoing, the hoodlums in the team prevented them from retrieving their property.

Akinkunmi Olapade, a landlord in the community, said hundreds of family members were displaced after the demolition.

He said, “The value of my demolished building is N25m. Around 10am, I discovered that some government officials came into the community with policemen, soldiers, hoodlums, and some bulldozers from Lagos State Town Planning.

“I met with the policemen and I was directed to one Engineer Omotoso, who said they were in the community for demolition. Over 100 buildings were demolished on New Life Estate, and the remaining 100 buildings were demolished outside the estate, but still on the Oke Ira Family land.

“They never gave us any notice of demolition; they just came in and started demolishing buildings. As I speak to you, I sleep in my car every day. I left my family at a friend’s place; the room could not contain all of us, so I told them I would find somewhere else to sleep. I have been sleeping in the car.

“The hoodlums injured some of the landlords who were hospitalised. We have recorded two deaths because as they demolished their houses in their presence, they collapsed and were rushed to hospitals, where they died. One of the dead landlords was Mr Omotayo.”

Another landlord, Olakunle Dankuwo, who said his property was worth N27m, demanded justice.

He said, “This incident has set a lot of landlords back; some of the landlords are in shock as they collected loans to acquire the property and now everything is gone.

“I had my family members and an aged grandma living with me. I relocated them to my brother’s place as I am still trying to sort out accommodation. They did not allow us to pick anything from the house despite my grandma begging the hoodlums.

“The hoodlums said the order that they gave them was that nobody should be allowed to take out anything. They demanded a N20,000 bribe to allow us to pick something. I could not stand it when they were demolishing my property; I had to leave the premises.”

Another witness, Shakiru Saidu, said the hoodlums were led by one Germani.

The 48-year-old said, “The incident happened on Tuesday, May 31, 2022. What happened was that three caterpillars, two Black Marias conveying policemen and three buses conveying officials of the Ministry of Physical Planning and about 200 suspected cultists and hoodlums from Ketu, led by a man identified as Germani, came to Oke Ira community, Igbogbo LCDA.

“The person that led the government team is one Engineer Omotoso, while Germani led the hoodlums. So, when they got there, the cultists and hoodlums spread to the community and started threatening and harassing people with guns. If they see anyone recording any video of the demolition, they threaten and send the person away with guns.

“So, the bulldozers went in and started demolishing buildings without any court order or notice. I have a completed duplex that I built there and they demolished it. I called the head of the land grabbers’ committee in the Ministry of Justice, but he said it was a directive from the governor and he knew nothing about it and that it was only the governor that could stop the demolition.”

The Lagos State indigene explained that the Oke Ira community was not under government acquisition, but a traditional ruler sold land that belonged to the Oke Ira family to a company and the family members challenged the certificate of occupancy that the company was parading over the land.

He said, “Along the line, the company tried to ratify the land it bought, but the argument of the family members was that the company had taken beyond what was ratified for them. So, the matter between the family members and the company is currently in the Ikorodu High Court.

“It was the company that dragged the Oke Ira family members to court, but we don’t know. Maybe they were looking for a shortcut, because the matter is still in court. The company instigated the government officials, the police and the hoodlums to invade the community and demolish buildings.

“Over 200 houses were demolished with bulldozers. They pulled down buildings, including my duplex that I spent about N40m to build. Three people have died because of this demolition that started around 10am; they ended it around 7pm.”

The Adeboruwa of Igbogbo Kingdom, Oba Semiudeen Kasali, during a visit to the community, appealed for calm as he assured the victims of justice.

He said, “I know there is misdeed in what happened, but God will show us the way. To those that have died, it won’t be in vain. God will let them rest in peace. I have the belief that God’s grace is not limited to a place; God will not forsake you.”

The state Police Public Relations Officer, Benjamin Hundeyin, said he was not aware of the incident.

“But for us to release any policeman to follow people that are going for demolition, then there must be a court order that was duly served,” he added.

The Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, who confirmed the demolition, denied the involvement of hoodlums.

He said, “It is true; they went to demolish the place because it is government land. So, they went to chase them away from the place; they had no right to be there. The government does not move around with thugs and miscreants.”

BIG STORY

JUST IN: CBN Increases Banks Capital Base To N500bn, N200bn For National Commercial Banks

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The capital basis for commercial banks with international permission has been raised to N500 billion by the Central Bank of Nigeria (CBN).

The policy change was confirmed by Mrs. Hakama Sidi Ali, CBN’s acting director of corporate communications. in a declaration.

She added that commercial banks with regional authorization are expected to reach a capital floor of N50 billion, while those with national authority must meet a ceiling of N200 billion.

Announced on Thursday, March 28, 2024, this comprehensive financial reform requires significant increases in banks’ minimum capital bases, which vary depending on the size of the bank.

The latest policy directive specifies that commercial banks with international authorization are now required to shore up their capital base to N500 billion.

In a bid to tighten the financial fabric, the CBN has not overlooked merchant banks, which are now subject to a N50 billion minimum capital requirement.

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Detained Binance Executive Gambaryan Drags EFCC, NSA To Court

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Tigran Gambaryan, the CEO of Binance who is currently in detention, has claimed that he has been violated in his fundamental human rights by the Economic Financial Crimes Commission and Nuhu Ribadu, the National Security Adviser.

Gambaryan, in an originating motion marked: FHC/ABJ/CS/356/24 sought a declaration that his detention and seizure of his international travel passport, contravened Section 35 (1) and (4) of 1999 Constitution.

He urged the court to order the NSA and the EFCC to release him from their custody and return his international travel passport with immediate effect.

Gambaryan also sought an order of perpetual injunction restraining the respondents and their agents from further detaining him in relation to any investigation into or demands from Binance.

He also urged the court to order the respondents to issue a public apology to him.

Gambaryan averred that he was in Nigeria alongside fleeing Nadeem Anjarwalla to honour the invitation of the ONSA and EFCC to discuss issues relating to Binance in Nigeria.

Anjarwalla escaped from the guest house where he and Gambaryan were being held

He argued that he had not committed any offence during the meeting, and neither was he informed in writing of any offence he personally committed in Nigeria at any other time.

“The only reason for his detention is because the government is requesting information from Binance and making demands on the company,” he added.

The fleeing Anjarwalla also filed a similar suit, marked: FHC/ABJ/CS/355/24.

At the proceedings on Thursday, T.J. Krukrubo (SAN) appeared for the plaintiffs, while the respondents had no representation.

Krukrubo informed the court that the respondents were served two days ago.

Shortly after that, he announced to the court that he was withdrawing from the matter as counsel for the fleeing Anjarwalla.

He did not give reasons for his withdrawal.

The trial judge, Justice Inyang Ekwo, adjourned the matter till April 8.

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Federal Government To Arraign Binance Executives Over ‘Tax Evasion’ On April 4

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On April 4, the federal authorities will file charges against senior executives of the cryptocurrency company Binance, Tigran Gambaryan, and Nadeem Anjarwalla, for allegedly engaging in “tax evasion.”

Anjarwalla is Binance’s regional manager for Africa, while Gambaryan oversees the company’s compliance with financial crimes.

The Federal Inland Revenue Service (FIRS) charged Binance with a crime on March 25th for “tax evasion.”

The service claims that the action is intended to maintain national economic integrity and fiscal discipline.

The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, is said to “implicate Binance with a four-count tax evasion accusation”.

However, on Thursday, NAN reported the federal government will charge the three defendants before Emeka Nwite, the presiding judge, at the federal high court (FHC) in Abuja on a four-count charge.

Despite not being a vacation judge, according to the report, the chief judge granted the fiat for the judge to oversee the case during vacation because it is a matter of critical national interest.

The lawsuit comes a month after Anjarwalla and Gambaryan were detained by the Nigerian authorities.

Anjarwalla and Gambaryan had flown into Nigeria but had their passports seized by ONSA.

On March 12, Anjarwalla was transferred to a local hospital after he fell ill while in detention in Nigeria.

However, on March 25, Anjarwalla escaped from custody and fled Nigeria with a smuggled passport.

Meanwhile, Gambaryan, on March 28, sued Nuhu Ribadu, the national security adviser (NSA) and the Economic Financial Crimes Commission (EFCC), alleging violation of his fundamental rights.

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