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Good News For Travellers As FG Opens Lagos-Ibadan Expressway

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Eniola Olayemi

 

Ahead of the Yuletide and to ensure smooth travelling experience for motorists, the Federal Government on Tuesday opened the Lagos-Ibadan Expressway to traffic.

The government also inspected the progress of repair works on the Ikorodu/Sagamu road.

Opening the Lagos-Ibadan Expressway, the Federal Controller of Works in Lagos, Mr Adedamola Kuti, said the highway was “special and very dear to the Federal Government’’.

He explained that it was important because the road began from Apapa ports and terminates in the northern part of the country.

Kuti added that it took traffic from the 36 states of the federation, hence, the speedy completion of repairs around the construction zones and opening the highway to traffic.

“A lot of people are coming out of Lagos going home for the celebration and some are also coming in from all the states of the federation into Lagos.

“What we are doing today is to open up all the construction areas and open up the entire highway to traffic for the period of the season, we will resume our work in January,’’ he said.

He said the ministry was going to use the dry season to speed up reconstruction of the highway, adding that all hands were on deck with the contractors working tirelessly to achieve speedy completion.

Kuti said that the section one of the project which spans from Ojota in Lagos State to the Sagamu Interchange was awarded at an initial cost of N70 billion but the sum was reviewed upward to N134 billion after additional works were added to the project.

He said that increase in the volume of work on the site meant an extension of completion time for the project.

“For now we are opening up this road for the use of the motoring public and I want to also seize this opportunity to, on behalf of the Minister of Power, Works and Housing, to appeal to motorists and commuters using this road to drive safely with caution, observe all traffic rules and regulations, including speed.

“On our on part, in the meantime, we are handing over to the Federal Roads Safety (FRSC) so that they take control of traffic on the road,’’ he said.

The Sector Commander of the FRSC, Ogun State, Mr Clement Oladele, said that the FRSC were going to be on 24 hours surveillance of the highway to prevent gridlock and accidents.

He said that in 2017 the Lagos to Ogun end of the highway recorded 1.8 million travellers and about two million travellers had used the highway from January to date.

He said that a special operations unit had been set up by the FRSC for the Yuletide to manage traffic on the highway from Dec. 15 to Jan. 15 in 2019.

He explained that 210 deaths due to road crashes were recorded on the Ogun side of the highway in 2017 but efforts were on to stop road crashes across the federation.

“We are estimating that minimum of 350,000 vehicles will move on this road this season.

“I want to assure the motoring public that FRSC is here, we have commenced 24 hours operations since Dec. 1, just to ensure people travel in safety with minimal discomfort,’’ he said.

NAN reports that after the highway was opened, road users who spoke to journalists expressed joy and thanked the Federal Government for being sensitive to the plight of road users.

They said that the opening would reduce stress caused by gridlock and accidents on the highway.

The controller inspected the 34 kilometers Ikorodu Sagamu Road where construction was going on at various sections.

Kuti said the highway was important because it was linking the Ikorodu Division in Lagos to the Sagamu Division in Ogun and took as well as dispersed huge traffic from the Lagos-Ibadan expressway.

“The project is actually starting from Lagos and terminating in Sagamu and the method the contractor is adopting is to work at the critical sections and then later we link them up,’’ he said.

He said various construction methods were being deployed on the road taking into cognisance the traffic demand of each section.

He added that government was passionate about completing repairs of the highways which serves as alternative route to the Lagos-Ibadan expressway.

 

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

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EFCC Tasks Corps Members on Corruption

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

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