News
Umahi rules out compensation for bare land owners

The Minister of Works, David Umahi, has reiterated that the Federal Government does not compensate for bare lands, adding that all lands belong to the government.
He disclosed this at the inspection of the Lagos-Calabar Coastal Highway, Section 1 at kilometre 18, Okun Ajah axis, recently.
He said, “Go and read the law; there is no compensation for bare land. All land belongs to the government. Hence, if you are taking what belongs to you, you do not pay compensation; it is the president that directed that anywhere we see a shanty on our corridor, we should pay compensation; it is a kind of human meekness from the president towards the people. We broke no law.
“So, where there is no infrastructure on land, they have to write to Mr. President for a direction on that.”
In an interview with The Punch, the General Secretary, Nigerian Institute of Quantity Surveyors, Lagos Chapter, Folusho Ogunrinde, said land was undeniably an asset whether owned by individuals, businesses, or the government.
He said, “Governments recognise the value of land as an asset and manage it as such. For instance, you cannot encroach on government-owned land for development because it is considered part of their assets.
Similarly, individuals and private entities acquire land either through inheritance, purchase, or investment. When such land is taken away, the argument that compensation should only be for developments and not the land itself is fundamentally flawed. It disregards the asset’s intrinsic value and how it was acquired.
“The 99-year lease system in Nigeria further underscores the value of land as an asset, as this lease is renewable. If governments require compensation for the renewal of a lease or when public use necessitates land acquisition, individuals and private owners deserve similar recognition and compensation for their land when expropriated.
“The law, as it stands, needs urgent redress. The idea that landowners should not be compensated for their land is, frankly, unjust and tantamount to fraud. Land is more than a physical space; it is an economic and generational asset. To deny compensation for it is to undermine the principles of equity and justice. Hence, there is a need for a review of the Land Use Act and constitutional provisions to align with the realities of land as a critical and valuable asset.”
In a similar vein, the Team Lead, Arbitration, Maritime, and Real Estate Practice Group, Stren & Blan Partners, Joseph Siyaidon, posited that non-payment of compensation on bare land was unconstitutional.
He said, “The Land Use Act is merely an existing Act and not part of the Constitution. We humbly submit that the provisions of the Land Use Act, which limit the payment of compensation for private properties compulsorily acquired by the government to only unexhausted improvements on the land, are unconstitutional in that they violate the provisions of Sections 43 & 44 of the Constitution of the Federal Republic of Nigeria (as amended), which extends the right of compensation to all immovable properties, bare lands included.”
Umahi disclosed that the first phase of the coastal highway will be completed by May 29, 2025.
He said, “By May 29 we are facing the commissioning, and we have directed all the comptrollers of works that, by the end of April, every comptroller of works in all the states must give us a minimum of three projects that Mr. President is going to commission.
“From Channel 0, we are going to be commissioning the first 20 kilometres; however, another 10 kilometres would be ready at the end of the project within this period, but we are not commissioning that one, it is going to be phase 2 of section 1 for commissioning. Generally, across the country, we are going to be commissioning projects in phases.”
Meanwhile, the Acting Director of Road Design, Engr. Musa Saidi, assured that the highway construction adheres to approved specifications and includes additional measures for durability. Any realignment is for public interest, safety, and economic reasons,” he said.
News
Full list: FG approves N110bn to rehabilitate medical schools 18 institutions

President Bola Ahmed Tinubu has approved the sum of One Hundred And Ten Billion Naira (N110bn) to be shared to 18 universities. The move according to pundits is to boost medical education following the recent ‘japa’ trend of doctors and other health workers.
Each university will receive about N4 billion, including N750 million for hostel construction, to support eight simulation labs across the zones and increase enrolment in medical sciences.
The 18 universities benefiting from the N110bn grant are:
1. Nnamdi Azikiwe University
2. Bayelsa State University
3. University of Lagos
4. Ahmadu Bello University
5. University of Benin
6. Imo State University
7. University of Ibadan
8. University of Medical Sciences, Ondo
9. Benue State University
10. Umaru Musa Yaradua University
11. University of Nigeria
12. University of Calabar
13. Abubakar Tafawa Balewa University
14. University of Jos
15. University of Ilorin
16. Gombe State University
17. Usmanu Danfodio University
18. University of Maiduguri
This initiative is designed to improve infrastructure in medical schools through the rehabilitation of lecture theatres and laboratory facilities, thereby enhancing capacity to take in and produce more doctors, nurses, dentists, and pharmacists for the nation.
News
CAC gives 6-week notice for unregistered businesses to register

The Corporate Affairs Commission (CAC) has issued a six-week notice to unregistered businesses to register with the Commission.
This was disclosed in a statement issued by the CAC on Tuesday, titled: “PUBLIC NOTICE: CARRYING ON BUSINESS IN NIGERIA UNDER AN UNREGISTERED NAME OR ACRONYM.”
In the statement, the CAC said failure to comply with the notice will attract a jail term or prosecution.
The commission informed the general public that it is a criminal offence under Section 863 of the Companies and Allied Matters Act, 2020, to carry on business in Nigeria as a company, limited liability partnership, limited partnership, or under a business name without registration. It is also an offence to operate under a name (or acronym) other than the one registered under the Act.
The public was further advised that Section 729 of the Act requires every registered company to display its registered name and registration number at every business location.
“In addition, the company is required to state its registered name and registration number on all its official publications, including letterheads, signage, marketing, and publicity materials,” the statement added.
The CAC emphasised that non-compliance with business registration requirements may result in prosecution and a conviction that carries a penalty of up to two years’ imprisonment.
The statement continued: “In particular, the general public should note the provisions of Section 862 (1) of the Act, which state that any person who, in any document required under the Act (including the aforementioned official publications of a company), knowingly makes a false statement in any material respect commits an offence and is liable on conviction to imprisonment for a term of two years, in addition to a daily fine imposed on the company for every day the offence continues.”
In light of the above, the CAC stressed that all companies, limited liability partnerships, limited partnerships, and business name proprietors must comply with the provisions of the Act within six weeks of this notice.
Failure to comply will result in enforcement actions, including prosecution, the CAC stressed.
News
Just in: FG declares tomorrow public holiday

The Federal Government has declared Thursday, May 1, 2025, as a public holiday in commemoration of Workers’ Day.
This was announced in a press statement signed by the Permanent Secretary, Ministry of Interior, Aishetu Ndayako, on Tuesday.
According to the statement, the Minister of Interior, Olubunmi Tunji-Ojo, conveyed the declaration, emphasising the importance of excellence, efficiency, and fairness in labour.
Tunji-Ojo reiterated President Bola Tinubu’s administration’s dedication to fostering innovation, productivity, and inclusivity in workplaces.
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