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Untold Story of How Chevy View Estate Wallows in Govt Neglect + Residents Spend Millions to Provide Amenities, Cry Out for Help

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By Eric Elezuo

Chevy View Estate, located along the supposedly highbrow area of the Chevron Drive, in Lekki, is bordered by Bera and Chevron estates on both sides. The Estate, according to residents, was an eyesore many years ago when the residents took possession. The roads were crooked, flood was constantly having a field day and electricity was a tall dream, in fact, a mirage even as getting water is always a story for another day. The story of Chevy View Estate is chronicle of government’s inordinate neglect, parastatal’s extortion tendencies and lackadaisical attitude of those programmed to attend to the needs of the people.

Buoyed by the desire to give the necessary assistant to government and make their environment habitable, the residents began self-help programmes in the area of roads, electricity and general infrastructure with the hope that the Lagos State government will zero in on their efforts and do the needful as a listening and caring government. But many years after, their aspirations remain a mirage, more like hallucination. No government presence has been registered in the neighbourhood, the millions of naira spent so far by residents on projects notwithstanding!

Comprising about 19 districts namely Adegbenle, Emmanuel Emenike Street, Gbenga Ademulagun, Hawau Abikan, Ibukun Oluwa Awosika, James Orugbo Close, Jide Agbalaya, Udeco Medical Road, Williams Onoh, among others, Chevy View Estate had organized itself in the very best of ways, tasking responsive residents, who have willingly parted with huge sums of money for the projects that government has blatantly refused to execute. The overbearing weight of this burden has now necessitated the clarion call to the government of Lagos State to come to their immediate aid.

Speaking to journalist during a tour of the facilities on the estate to examine the amount as well as inspect the extent of jobs so far executed, the chairman of the Chevy View Estate Residents’ Association, Mr. Chris Onyekwere, lamented the neglect the estate has suffered over the years, saying the residents have practically become their own government; ‘providing electricity, water, road and the most ambitious of them all, construction of a drainage-canal system for themselves without government assistance in as much deputations have been made to the seat of government at Alausa, asking for assistance, but all to no avail.

“We have written to the government, sent delegates and done everything legally possible to get the government to be involved in this project, but all over pleas have fallen on deaf ears. As at today, if not for where they government of former Governor Babatunde Fashola stopped the canal construction, long before he left office, nothing else has been heard about it,” he said.

Hameed Kasumu Street, Chevy View Estate, Lagos

Adding to his narrative, the Financial Secretary, Mr. Kayode Awolu, said that since they are the ones that live there, they took it upon themselves to do something at least to safeguard the lives of their young ones and family from the flood, which when it rains, reaches waist length, damaging property and affecting lives. He stressed that at the moment, a contract of N64, 000, 000 has been awarded for the canal construction which cuts through Williams Onoh through to Udeco Medical Road.

“The quest to protect our families has made us engage a contractor at the rate of N64, 000, 000 for the construction of the canal so that the water of the flood could be properly channeled. It is not only about the canal, the interlock stone roads which we have already done, have been excavated and destroyed for the canal. The same will be rebuilt afterwards, and explains the high cost of the project. Right now, we have exhausted what we have, and the residents have been stretched to the limit and they can bear no more. This is why we are calling on the good government of Governor Akinwunmi Ambode to extend his searchlight to Chevy View Estate. We have suffered enough,” he said.

In less than one year, the estate has financially committed to diverse projects as follows:

  • Dr Udo Ugo road Project –  N7,406,887.50
  • Hammed Kasumu culvert  project – N 19,945,300
  • Hammed Kasumu road project – so far is N5,940, 000 (on going)
  • Udeco Medical road project – N33,700,141,65
  • Udeco Medical drainage system – N15,767,100
  • William Onoh drainage system with contract value of N64, 000,000 (ongoing)

The ongoing construction of William Onoh Street canal

It is worthy of note that all monies were contributed by residents. The plight of Chevy View Estate residents is a classic example of the insincerity of developers who do next to nothing as regards the development of sites before they are sold to unsuspecting residents. Chevy View was obviously not properly developed before the buildings were sold to the present owners. They therefore inherited the irresponsibility of the developer, who connived with only God knows who to get the site certified and habitable. Government, through its Ministry of Urban Development, should therefore, be more thorough in its investigation of amenities before approving any estate fit for selling or habitable.

While the estate laments the ravaging flood, they also noted that ‘for a very long time’, the estate has not experience power from the Ikeja Electric Distribution Company (IKEDC). Consequently, residents live on generators, buying fuel at exorbitant prices on a daily basis.

A woman, who craved anonymity lamented that her household has lived on generator for years on end, wasting income on fuel and repairs and maintenance of generators, stressing that the authorities still come around to collect levies.

“We have not used power from the distribution company for a very long time, and our income has been practically wasted on fuel and generator maintenance and repairs. This is not fair on any of us. Government should take pity on us and come to our aid,” she said.

However, efforts have been put in to provide electricity to the estate by the residents as two transformers have already been procured.

The canal

Hear Mr. Onyekwere: “The need to get connected to the main power grid has made us procure our own transformers after efforts made to get IKEDC give us one was constantly truncated. Today, we have procured two, and as it is now, we can’t install them because we have run out of money, and don’t have the moral justification to run back to the residents for more contributions. Honestly, they have contributed so much. That is the reason we are practically pleading with the government to come to our aid and help us to install the transformers we have painstakingly procured,” he said.

Lying dejected at a corner, the 200 and 300 KVA transformers, pathetically begged to be used. TheBoss investigations reveal that the transformers would have been in use by now if not for the mind boggling amount the IKEDC was allegedly demanding before they could perform their legitimate duties.

While refusing to disclose the amount the IKEDC was demanding, Mr. Awolu hinted that the worse or most frustrating part of the whole saga remains the fact that the residents are loyal and faithful taxpayers.

Udeco Medical Road

“Here, we pay our taxes religiously, as well as other bills of whatever name. it is therefore, not known why a government that claims to have the interest of all the citizens at heart treat us this way. We need urgent assistance. The government should help us prevail on IKEDC to install our transformers; charging us the kind of money they are mentioning is pure extortion,” he said.

Harping on the fraud prevalent in IKEDC and installation of transformers, a resident told the Boss that the IKEDC was in the habit of inviting their own contractors with whom they conspire, coming out with outrageous bills, with the primary purpose of extorting the residents, who are already bent backwards from the excess weight of financial burden.

“This is insensitivity,” the resident spat.

Cross Section of Chevy View Estate Residents

On installation of the transformers on their own, the Chairman said they would have attempted to do if not for what IKEDC may do on the realization that the transformers have been installed without them. He said they possibility of the transformers being blown up was strong.

Water is another crisis the estate is facing. There is no source of drinking water, and residents source their water through contractors, and each family spends between N8,000 and N10, 000 on a weekly basis for water.

However, the management committee of the estate confided in TheBoss that efforts are being made to construct a water supply facility in the estate, saying that government is highly required.

It must be noted that while Governor Ambode is making every effort to create a Lagos of everyone’s dream, some officials in various ministries and parastatals are frustrating the effort with extortive tendencies.

Time is now for someone to take a cursory look at the plight of Chevy View Estate residents in terms of flooding, electricity, road and water.

Time is now for Ambode to remember residents of Chevy View Estate, who include Super Eagles footballer, Emmanuel Emenike, singing sensation, Phyno and Waje, Nollywood actors, Segun Arinze and Funke Akindele (Jenifa), Ace OAP, Frank Edoho and others who have sacrificed a lot in helping Lagos become the smart city it craves.

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Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

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By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

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Peter Obi, Only Life in ADC, Says Fayose

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Former Governor of Ekiti State, Ayodele Fayose, says the former presidential candidate of the Labour Party, Peter Obi, is the only life in the African Democratic Congress, ADC.

Fayose made this statement on Friday while fielding questions in an interview on ‘Politics Today’, a programme on Channels Television.

He also said that the Peoples Democratic Party, PDP, is technically no more, adding that it is dead.

The former governor equally said that Oyo State governor, Seyi Makinde, should not be dragged into the woes of the PDP.

He said: “Obi is the only life in ADC; all other people in ADC are semi-existent. If Obi had remained in Labour Party or has gone to Accord Party, he is the only life there. All the other people there, they are not existing. They are old-forces.

“Openly, I supported Tinubu in 2023. I didn’t hide it. Till now I’m still there. I don’t jump. I have said it to you I’m not a member of APC and I will never be.”

DailyPost

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More Troubles for Ahmed Farouk: Dangote Drags Ex-NMDPRA Boss to EFCC over Corruption Claims

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The Chairman of Dangote Industries, Aliko Dangote, through his legal representative, has filed a formal corruption petition against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission.

This was disclosed in a statement made available to our correspondent by the Dangote Group media team on Friday.

Recall that Dangote had earlier petitioned the Independent Corrupt Practices and Other Related Offences Commission to investigate Ahmed for allegedly spending $5 million on his children’s secondary education in Switzerland. He withdrew the petition a few days ago, even as the ICPC vowed to continue with its investigation.

The statement on Friday said Dangote’s petition to the EFCC followed “The withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission, a strategic decision aimed at accelerating the prosecution process.”

In the petition, signed by Lead Counsel Dr O.J. Onoja, Dangote urged the EFCC to investigate allegations of abuse of office and corrupt enrichment against Ahmed, and to prosecute him if found culpable.

The petition further stated that Dangote would provide evidence to substantiate claims of financial misconduct and impunity.

“We make bold to state that the commission is strategically positioned, along with sister agencies, to prosecute financial crimes and corruption-related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624) 337,” the petition read.

Onoja further urged the commission, under the leadership of Mr Olanipekun Olukoyede, “To investigate the complaint of abuse of office and corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”

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