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They’re not mine: Tinubu denies ownership of Oriental Hotel, other assets ‘linked’ to him in Lagos

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They’re not mine: Tinubu denies ownership of Oriental Hotel, other assets ‘linked’ to him in Lagos

The presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has denied ownership of some properties in Lagos linked to him. Such properties include Oriental Hotel and Civic Center.

Tinubu, in a documentary on his achievements as Lagos State Governor, said he only provided the environment for investors to invest on the Lekki Corridor.

In the excerpt posted on Twitter by Jubril Gawat, a media aide to Governor Babajide Sanwo-Olu of Lagos, the former governor said the entire Lekki Corridor was a refuse dump that took months to clear.

Oriental Hotel
There have been speculations about the ownership of the Oriental Hotel located along the popular Ozumba Mbadiwe road in Victoria Island.

In the aftermath of the Lekki shooting in 2020, the hotel was targeted by hoodlums on the ground that the asset belonged to Tinubu.

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The event prompted the Western Metal Product Company, the owners of the facilities, to issue a statement about ownership of the hotel.

The Executive Director of WEMCO, Taiwo Ali, had disclosed that the WEMCO group owns 99 per cent of the shares of the hotels.

In the course of the violence that occurred in the aftermath of the 2020 ENDSARS protest, some media houses linked to Mr Tinubu were set attacked. They are The Nation newspaper, Television Continental and Max Radio.

I don’t own those properties

Speaking in the documentary, Tinubu, who was governor between 1999 and 2007, said he does not own the Oriental Hotel and other properties linked to him but that his administration invested resources to clear the dumps at the place where the hotel and the civic centre are located.

“I have converted a liability confronting Lagos to an asset of great value. Along Ozumba Mbadiwe, we used to pick dead bodies. People have forgotten truck pushers in those areas. You have the dirties coastline along Ozumba Mbadiwe all through Lekki corridor.

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“I brought private investors, hospitality— they created the boat club, the Civic Center that is of great value to many people today—that was a refuse dump. Nobody would easily remember that Oriental Hotel was a refuse dump— a mile of refuse along that corridor. It took several months of escalating and a great investment for those investors to take the risk. Majority of those assets they claim are mine are not mine.

“I created an economic and recovery path for Lagos. There is no state that can brag of the exponential development that is going on in the Lekki Corridor,” he said.

Tinubu is facing a lot of questions about his source of wealth as well as his health ahead of the commencement of campaign on 28 September in line with INEC timetable and schedule of activities.

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Good morning! Here Are Some Major News Headlines In The Newspapers Today: FG requires $10bn yearly, to revive power sector – Minister

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1. Minister of Power, Adebayo Adelabu, has said $10 billion is needed yearly for the next ten years to revive the nation’s power sector and nip in the bud the challenges bedeviling it. The minister said this when he appeared before the Senate Committee on Power for investigative hearing over the recent electricity tariff hike by the Nigerian Electricity Regulatory Commission, NERC.

 

2. Former Super Eagles winger, Finidi George, has been named senior men’s national team’s new head coach by the Nigeria Football Federation, NFF. The 52-year-old former Real Betis and Ajax Amsterdam attacker was given the reins after the NFF Board approved the suggestion of its Technical and Development Committee, according to a statement released on Monday, April 29.

 

3. Justice Emeka Nwite of the Federal High Court in Abuja has issued an interim order empowering the Economic and Financial Crimes Commission, EFCC, to freeze about 1,146 bank accounts belonging to individuals and companies. The EFCC claimed it was investigating the affected accounts over allegations of unauthorised dealing in foreign exchange, money laundering and terrorism financing.

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4. The Joint Admissions and Matriculation Board, JAMB, has released the 2024 Unified Tertiary Matriculation Examination, UTME, results. The examination, which began on Friday, April 19, ended today, Monday, April 29.

 

5. Some supporters of the All Progressives Congress, APC, stormed the Secretariat of the ruling party in Abuja on Monday to register their displeasure with those allegedly plotting anarchy in the party. The protesters alleged that some external forces were behind the recent purported suspension of the National Chairman of the party, Abdullahi Ganduje.

 

6. A High Court in Kano State, on Monday, fixed May 16, 2024, for ruling on whether the court will allow service through substituted means to respondents in the case between the Kano State government and former governor, Abdullahi Ganduje and eight others. Ganduje, his wife, Hafsat and son, Umar and five others are defendants in the suit.

7. National Chairman of the ruling All Progressives Congress, APC, Dr Abdullahi Umar Ganduje, has described the New Nigeria Peoples Party, NNPP, as a party of failed politicians. Speaking while addressing a coalition of support groups who were at the APC national secretariat on a solidarity visit, he alleged that NNPP leaders were sponsoring protest as part of efforts to remove him as APC helmsman.

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8. A Competition and Consumer Protection Tribunal, CCPT, sitting in Abuja, on Monday, restrained MultiChoice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on May 1.

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Tribunal stops MultiChoice from increasing DStv, Gotv subscription rates

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A competition and consumer protection tribunal (CCPT) in Abuja has stopped Multi-Choice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on May 1.

 

A three-member tribunal led by Saratu Shafii gave the interim order following an ex-parte motion moved by Ejiro Awaritoma, counsel to Festus Onifade, the applicant.

 

The tribunal, in the ruling, restrained Multi-Choice from going ahead with the impending price increase pending the hearing and determination of the motion on notice filed before it.

 

“The 1st defendant is hereby restrained from taking any step(s) that may negatively affect the rights of the claimant and other consumers in respect of the suit pending the hearing and determination of the motion on notice,” Shafii ruled.

Shafii also directed all parties in the suit to appear before the tribunal at 10 a.m. on May 7 for the hearing and determination of the motion on notice.

 

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Onifade, a legal practitioner, filed the suit marked CCPT/OP/2/2024, against Multi-Choice Nigeria Ltd and the Federal Competition and Consumer Protection Commission (FCCPC) on Monday.

 

On April 24, Multichoice Nigeria announced an increase in the cost of subscriptions for its DStv and GOtv packages.

The pay-TV firm cited the rise in the cost of business operations as the rationale behind the price increase.

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How to check 2024 JAMB UTME results

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The Joint Admissions and Matriculation Board (JAMB) has released modalities for the checking of the 2024 Unified Tertiary Matriculation Examination (UTME) results via SMS.

For candidates who took part in the 2024 UTME organised by JAMB, the examination body said the results of the exercise can be checked following some simple steps.

 

“Candidates are advised to use the phone numbers they used to register to text UTMERESULT to 55019/66019. There is no need to approach any CBT centre or cybercafé to check results,” JAMB said.

 

“The following are the responses to be expected hence, a candidate with a result will receive the message: ‘Dear ‘Candidate X’, your result is as follows (and the details will be provided).’”

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