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Ajagunnla, Sanwo-Olu, Edun, Others Sign Rail Infrastructure MOU in China

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In his efforts to bring more developmental projects to his communities, the Senator representing Osun Central Senatorial District, Ajagunnla Olubiyi Fadeyi, joined the governor of Lagos State, Mr. Babajide Sanwo-Olu, Co-Ordinating Minister of the Economy, Mr. Wale Edun among others to sign the Memorandum of Understanding for rail infrastructure. The incident took place in Beijing, China.

Shortly after the assignment, the excited Senator took to his social media handle to note as follows:

“Today marks a historic moment as I had the honour of joining His Excellency, Governor Babajide Sanwo-Olu of Lagos State, the Honourable Minister of Finance and Cordinating Minister of Economy, Mr. Wale Edun, CEO of MOFI Mr Armstrong, Chairman of Lekki Worldwide Mr Dabiri and China Harbour Engineering Company (CHEC), for the signing of a rail infrastructure Memorandum of Understanding (MoU) in Beijing, China.

“This milestone signifies a major step toward the realisation of the Green Line Rail Service in Lagos State.

“I extend my heartfelt congratulations to Governor Sanwo-Olu for his visionary leadership and to the Honourable Minister for his instrumental role in facilitating this monumental achievement. His commitment to Lagos’ infrastructural development is highly commendable.

“A special congratulations goes to all the key stakeholders for their strong commiment to this louable project and also to CHEC for their outstanding Engineering expertise and professionalism in the industry, which will help bring this ambitious project to life.

“This MoU is a testament to the collaborative spirit that drives progress in Lagos and strengthens the state’s standing as an economic hub in Africa.”

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Akwa Ibom Launches into Lagos Real Estate Market, Flags Off 18-Storey Ibom Towers

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In a move to diversify Akwa Ibom’s economy, the Akwa Ibom State Governor, Pastor Umo Eno, PhD, on Wednesday, flagged off an 18-storey Ibom Towers in Lagos, with a promise that the project will be completed in 24 months.

The Lagos State Governor, Babajide Sanwo-Olu, performed the ground-breaking ceremony.

Two former governors of Akwa Ibom, Udom Emmanuel and Victor Attah, were among eminent Nigerians who attended the event.

Revenue expectation for Akwa Ibom, Lagos
The project is expected to drive revenue and GDP growth for Lagos and Akwa Ibom.

Governor Umo Eno of Akwa Ibom State explained that the project was meant to generate income and create job opportunities for his state.

“Anytime leaders invest in forward-looking projects like this, there are challenges, but a leader must look into the future,” Mr Eno said.

“With Ibom Towers, both Akwa Ibom and Lagos are demonstrating how unity and vision can drive prosperity, marking a new era of economic innovation amid national economic downturn,” he added.

Mr Eno expressed gratitude for the partnership and his ties to Lagos, underscoring that the project represents the power of bipartisanship.

“This is the essence of bipartisanship; it should not be coloured by political affiliations,” he said.

Governor Eno expressed gratitude to President Bola Tinubu, who was once the governor of Lagos, for his significant contributions to the development of Lagos, emphasising the importance of patience during this period of reforms in Nigeria.

“These changes may be painstaking, but they will bear fruit,” he assured.

The project located in the heart of Victoria Island would have luxurious apartments and pent house.

Governor Sanwo-Olu welcomed the development, highlighting Lagos’ longstanding role as Nigeria’s centre for commerce.

He said, “I look forward to seeing this relationship deepen, and who knows, maybe I’ll also invest in an oil well in Akwa Ibom,” adding a light-hearted touch that underscored the states’ shared economic aspirations.

A brief about Ibom Towers
The Managing Director of the Akwa Ibom Investment Corporation, Imo-Abasi Jacob, provided a detailed overview of Ibom Towers, describing it as a premium project designed to attract urban professionals.

“Featuring upscale apartments, gyms, pools, and smart building technology, the tower will serve as both a luxury residence and a revenue generator, with income from property leases and tourism expected to enhance GDP growth for both states,” Mr Jacob said.

In their separate goodwill messages, leaders from both states celebrated Ibom Towers’ expected impact on revenue and employment.

The Oniru of Iruland, HRM Oba Abdulwasiu Omogbolahan Lawal, expressed satisfaction with the project, assuring his support and seeing it as a legacy of Lagos-Akwa Ibom cooperation.

His Eminence Solomon Etuk, the president-general of the Akwa Ibom State Traditional Rulers Council, said the project would lift Akwa Ibom’s profile internationally and encourage the involvement of young engineers from the state to gain hands-on experience.

The Speaker of the Akwa Ibom House of Assembly,Rt. Hon. Udeme Otong, pledged legislative support, asserting that “landmark” projects like Ibom Towers elevate Akwa Ibom’s standing nationally.

Former Akwa Ibom governor Obong Victor Attah said the project was the realisation of a vision to make Akwa Ibom a key player in real estate and economic growth.

“This project represents the fulfilment of long-held aspirations for our state’s prosperity,” he said.

In his remarks, the Secretary to the Akwa Ibom State Government, Enobong Uwah, said Akwa Ibom has been blessed with good leaders, adding that Governor Eno is “expanding on the legacies of his predecessors”.

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Tinubu Congratulates Ex-FirstBank’s Group MD, Adeduntan, Lauds Bank on Management Ethos

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By Eric Elezuo

Nigeria’s President, Bola Tinubu, has congratulated the immediate past Chief Executive Officer of the FirstBank of Nigeria Limited, Dr. Adesola Adeduntan as the bank holds a splendid Sendforth party on his behalf for a meritorious service.

The president’s congratulatory message is contained in a statement signed by his Special Adviser, Information & Strategy, Mr. Bayo Onanuga.

The statement reads in full:

PRESIDENT TINUBU CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO

President Bola Ahmed Tinubu congratulates Dr Adesola Adeduntan, the retired Group Chief Executive Officer of First Bank Nigeria Limited, for his exceptional service at Nigeria’s oldest bank.

In celebration of Adeduntan’s remarkable tenure, the 130-year-old First Bank will host a special send-off ceremony this weekend, expressing gratitude for his contributions over the past nine years.

President Tinubu commends him for steering the bank through transformative growth, which includes expanding customer accounts from 10 million to over 42 million and elevating Profit Before Tax from N10 billion in 2015 to an impressive N300 billion in 2023.

These milestones, the President said, reflected Adeduntan’s visionary leadership and commitment to excellence.

The President expresses his appreciation for Adeduntan’s willingness to serve the nation in various pivotal roles, including his contributions to the Nigerian Economic Summit Group and other prominent institutions. His extensive expertise in the financial sector has significantly bolstered Nigeria’s economic landscape.

President Tinubu also lauds the bank’s solid internal management ethos, which is responsible for the seamless transition from Adeduntan to the current CEO, Olusegun Alebiosu.

President Tinubu wishes Dr Adeduntan continued success in all his future endeavours.

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Oluyede Takes Over As Acting Chief of Army Staff, Assumes Duties

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The newly appointed Acting Chief of Army Staff (Ag COAS), Major General Olufemi Oluyede, on Friday, assumed duties at the Army Headquarters, Abuja.

Recalled that the Acting COAS was appointed by the President, Commander-in-Chief of the Armed Forces of Nigeria, Asiwaju Bola Ahmed Tinubu, on Wednesday, pending the return of the substantive COAS, Lieutenant General Taoreed Lagbaja, who is currently on medical leave.

At the formal taking-over ceremony at the Defence Headquarters, Abuja, the Chief of Defence Staff, General Christopher Musa, emphasized that the appointment aligns with the Armed Forces Act of 2004.
General Musa stressed that the Armed Forces could not afford to let insecurity prevail and called for support for the acting COAS in his new role.

General Musa reminded all field commanders of President Bola Ahmed Tinubu’s mandate to the Armed Forces and the tasks at hand. He urged the commanders not to relent in guaranteeing national security and the safety of all Nigerians.

In his remarks, the acting Chief of Army Staff, Major General Olufemi Oluyede, expressed gratitude to President Bola Ahmed Tinubu for finding him worthy of the appointment and prayed for the speedy recuperation of the COAS, Lieutenant General Taoreed Lagbaja.

The Ag COAS solicited support from all personnel of the Armed Forces and Nigerians in general, in tackling the security challenges bedeviling the country. He pledged his loyalty to the Commander In Chief of the Armed Forces and the Constitution of the Federal Republic of Nigeria.

Highlight of the event was the formal handover of Army Command flag by the CDS, General Christopher Musa to the acting Chief of Army Staff.

Until his appointment, Major General Olufemi Oluyede served as the 56th Commander of the Infantry Corps of the Nigerian Army in Jaji, Kaduna.

A member of the 39th Regular Combatant Course of the prestigious Nigerian Defence Academy, Major General Oluyede was commissioned into the Nigerian Army as a Second Lieutenant in 1992 and rose steadily to the enviable rank of Major General in September 2020. His illustrious career traverse various command, staff and instructional appointments such as Platoon Commander, Adjutant, Company Commander, Brigade commander, and General Officer Commanding, amongst several other appointments.

He has participated in several operations, including the Economic Community of West African States Monitoring Group (ECOMOG) Mission, Operation HARMONY IV in Bakassi and Operation HADIN KAI in the North East theatre of operations, where he commanded 27 Task Force Brigade and Sector 2.

Major General Olufemi Oluyede also earned several honours and awards for his meritorious service in diverse fields of operation.

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