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LASG announces 90-day traffic diversion on Lagos Bridge
By Kayode Sanni-Arewa
The Lagos State Government has announced a 90-day traffic diversion for motorists on the Odo Iya Alaro Bridge, which will commence on Monday, July 22, 2024.
According to a statement issued on Thursday, July 18, 2024, the Commissioner for Transportation, Mr. Oluwaseun Osiyemi stated that the diversion is due to the deplorable state of the asphalt pavement and expansion joints on the Odo Iya Alaro Bridge.
Osiyemi noted that the diversion would be done in two phases — the Ojota bound lane and the Yaba/Ojuelegba/Maryland bound lane, respectively. At the same time, alternative routes had been mapped out for each phase of the repairs.
The statement read, “For the first phase of the repairs, motorists heading to Ojota from Maryland/Yaba will be diverted into a counter flow on the lane inbound Maryland while motorists heading to Yaba from Ojota will continue their journeys on the same lane.
“Alternately, motorists from Berger, Magodo and Tollgate along Lagos-Ibadan Expressway are advised to go through the Alapere/Ogudu axis inward Gbagada/Anthony Oke Bridge to descend the ramp and access Ikorodu Road to continue their journeys.
“Motorists coming from Ikeja, Oregun and Kudirat Abiola Way are advised to use the Opebi Link Bridge to connect Mobolaji Bank Anthony Way inwards Sheraton through Maryland to access Ikorodu Road and navigate their ways.”
The statement also added that “motorists from Jibowu are advised to use the Ikorodu Road Service lane by Mobil Fuel Station/Bertola Engineering Equipment Company to access the Gbagada/Ogudu axis to continue their journeys.
However, if the motorists “miss the turning by the Mobil Fuel Station and Bertola Engineering Equipment Company, they can also use Theodolite to link Anthony Oke Ramp and join Ikorodu Road again to access the Town Planning Way inward Gbagada/Ogudu/Alapere axis to proceed with their journeys.”
“Motorists from Jibowu heading to Ikeja, Magodo, Berger and Lagos Ibadan Expressway can use Maryland inwards Mobolaji Bank Anthony to link Sheraton/Opebi to Allen Avenue/Obafemi Awolowo Way and access Nurudeen Olowopopo Road to continue their journeys.
Alternatively, after going through the Opebi Link Bridge, they can also make use of Kudirat Abiola Way to access Ikosi Road inwards Mobolaji Johnson Avenue/7up to connect Nurudeen Olowopopo Road and access their desired destinations,” the statement read.
While explaining the second phase of the repair works, the commissioner noted that “motorists inward Maryland/Yaba from Ojota will be diverted into a counter flow on the lane inbound Ojota while motorists from Maryland will continue their journey on the same lane.”
For the alternative routes, motorists “from Berger, Magodo and Toll Gate can use Alapere inwards Gbagada to link the Anthony Oke Ramp to connect Ikorodu Road and access their desired destinations. Similarly, motorists coming from Ikorodu/ Ketu can utilise the Ojota Ramp Bridge to link Alapere and continue their journeys as explained above.
“Motorists from Ikeja, Oregun and Kudirat Abiola Way are advised to use the Opebi Link Bridge inwards Mobolaji Bank Anthony/Sheraton and come out at Maryland to enter Ikorodu Road and continue their journeys.”
“The aforementioned alternative routes for motorists heading to Ikeja, Magodo, Berger and Lagos-Ibadan Expressway from Jibowu during the first phase are also available during the second phase of the repairs,” the statement explained.
The Commissioner appealed to the public ” to cooperate with the interventions put in place during the repairs” as he assured that traffic management personnel would be on the ground to ensure a steady traffic flow.
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Just in: Plateau Govt Approves N70k Minimum Wage for Civil Servants
By Kayode Sanni-Arewa
In line with discussions reached after consultation with relevant stakeholders, the Plateau State Government has approved immediate implementation of the N70, 000 minimum wage for the workforce in Plateau State.
The cheering news is contained in a Press Statement signed by the Head of Civil Service in the State, Stephen Pam Gadong.
Full text of the statement reads in part:
Following the Agreement of the Committee on Consequential Adjustment on Salaries on 13th, November, 2024, the Executive Governor of Plateau State, His Excellency Barr. Caleb Mutfwang, has approved the immediate implementation of the N70,000 minimum wage for workers in the state.
The Implementation is a demonstration of the Governor’s commitment to prioritizing the wellbeing of the workforce in acknowledgement of their invaluableble role in driving the State’s developmental goals.
As the new wage policy is administered, Civil Servants are encouraged to embrace this gesture by recommitting to their duties with renewed dedication and zeal in order to foster a culture of productivity and excellence in service in the State.
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Before final liquidation, NDIC set to auction Heritage bank properties
In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of auctioning the landed properties and chattels of the defunct bank.
According to the Corporation, this exercise is in line with its statutory powers as the Liquidator of failed banks under section 62 (1)(d) of the NDIC Act, 2023, noting that; “This is another follow-up action sequel to the disposal of physical assets and chattels belonging to the defunct bank at its leased locations nationwide”.
This was contained in a statement signed by the Director, Communication and Public Affairs Department, Bashir A.
Therefore, the auction of the landed assets shall be by competitive bidding in sealed bids scheduled to take place at the six (6) selected locations of the Corporation across the country, for the affected 36 branches of the failed bank beginning from Wednesday 4th December 2024.
“Buyers who wish to participate in the auction are expected to follow laid down guidelines purposely aimed at ensuring transparency, fair competition, equity, and accountability to enable recovery of commensurate values from the exercise. This is critical for the payment of liquidation dividends to eligible claimants.
The Corporation shall give preference to financial institutions who are willing to buy at the highest auctioned value to allow for the continuation of provision of banking services to the Nigerian public at the designated locations”, adding; “This is desirable towards bolstering financial inclusion as envisaged by the financial system regulatory authorities.
“However, Corporate bodies and Private individuals willing to compete are equally eligible to compete in the process without prejudice, the auction shall be open and competitive to all bidders.
Furthermore, bidders will be allowed to inspect the properties and chattels across all locations one week before the date of disposal.”
Importantly too, the statement said; “All interested parties are to make available 10% bid security of the value of their sealed bids to be dropped in the bid box provided at the specific centre out of the six locations of the Corporation as contained in the published advertisements.
“All interested bidders are advised to submit their bids only at the designated NDIC offices covering their choices amongst Abuja, Lagos, Bauchi, Kano, Enugu, and Port Harcourt.”
Meanwhile, the Corporation has vowed that there would be no hiding place for debtors of the defunct Heritage Bank whose financial obligation portfolio is in the region of over N700 billion.
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Naira slumps in parallel market
The Naira experienced a slight depreciation yesterday, slipping to N1,740 per dollar in the parallel market compared to its previous rate of N1,735 per dollar on Tuesday.
According to data from FMDQ, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market (NAFEM) strengthened, rising to N1,645.4 per dollar from Tuesday’s rate of N1,689.88 per dollar. This marks an appreciation of N44.48 for the Naira.
The market also saw a significant increase in dollar trading activity, with turnover climbing by 122.5 percent to reach $236.84 million, up from $106.44 million the previous day.
As a result, the gap between the parallel market and the NAFEM exchange rate widened, now standing at N94.6 per dollar, up from N45.12 per dollar recorded on Tuesday.
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