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Sanwo-Olu announces date for kick-off of Badagry seaport

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Lagos State Governor, Babajide Sanwo-Olu on Tuesday said the construction of the deep sea port would start in June once the State is granted ratification by the Federal Government grants ratification in April.

Sanwo-Olu gave the assurance during a stakeholders meeting and community engagement on Badagry Deep Seaport Project held at the Administrative Staff College of Nigeria (ASCON) Auditorium in Topo, Badagry.

The Governor, who assured the people of Badagry that his administration is determined to push development to Badagry axis of Lagos State, reiterated the government’s readiness to compensate residents for economic losses on buildings, ancestral lands, farms and sites as a result of the deep seaport.

He said: “We need to go to Abuja to get a re-ratification because it is NPA that owns the license for port. So, we need to get ratification from Abuja. That process has started and we are praying that before the end of April, we will get that ratification.

“Once we get that ratification, by the grace of God we will plan to see if we can start something by June. Once we get that ratification, two months, we must activate something. We want to start the project as soon as possible. We want to deliberately push development to this axis.

“The Badagry Deep Sea Port Project is not just one project; it is a multi-level opportunity for progress for all the people of this State in view of the volume of trade and quantum of investment opportunities that would spring up in the area when the project commences, and when it is completed and operational. Very importantly, employment and capacity building for the teeming youth and women in the affected communities will be prioritised.

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“About 10 years ago during the administration of one of my predecessors, Mr. Babatunde Raji Fashola, this Sea Port Project, which is the reason we have organised today’s community engagement, was conceived as a flagship project that when fully operational, would not only boost the fortunes of the people of Badagry, but, also transform the entire economy of our State and that of the entire West African sub-region.

“As you are all aware, when completed, this deep sea port will be the second in the State after the one in Lekki, which is projected to be commissioned this year. It is expected that with these two deep sea ports, we will experience significant relief from the difficult challenges being experienced in the Apapa axis as a result of the activities at Tin Can port which has been overstretched beyond its installed capacity.”

Sanwo-Olu also congratulated the Management of Badagry Port Development Limited and the host communities for being collaborators and joint beneficiaries of the laudable project which would positively impact lives and businesses, create wealth and improve standards of living in the Badagry division of Lagos State.

Speaking earlier, Lagos State Commissioner for Commerce, Industry and Cooperative, Mrs. Lola Akande, said the State Government hopes to chart a way forward in ensuring smooth and cordial relationship between investors, Badagry Deep Sea Port Limited and members of the host communities.

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“We are hopeful that at the end of the day, under Mr. Governor’s direction, we would be able to chart a way forward in ensuring smooth and cordial relationship between our investor, Badagry Deep Sea Port Limited and members of the host Communities, with a view to safeguarding easy access of the investor to the Project Land Area, whilst assuring our host communities, who are the ancestral land-owners of adequate protection of their various concerns and interests by the State Government,” she said.

The Managing Director of the Badagry Sea Port Limited, Mr. Didi Ndiomu in his remarks said the Badagry Deep Seaport project will be developed in four phases under a public private partnership arrangement that includes the supporting roles of both Lagos State Government and the Federal Government of Nigeria through the Federal Ministry of Transportation, the Nigerian Ports Authority, as well as other relevant Government Agencies.

He also noted that the affected communities would be compensated.

“The deep seaport is to be located in Gberefu area of Badagry, Lagos State and it covers an area of approximately 1,103 hectares out of which 623 is dedicated for port activities including an 18-meter draft and 4 Km quay, making it a port with the deepest draft and widest berths in Sub Sahara Africa, capable of berthing the largest vessels known in existence today such as the 400-meter-long Maersk Triple E class with a carrying capacity of 18, 000 TEUs as against the present 4,500 TEU West Africa Maximum (WAFMAX) vessel. An additional 480 hectares of land has also been earmarked for industrial and logistics park zone.

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“The scope of the new port includes terminals for containerized and non-containerized cargo, dredged access channel, tuning circle, port basin, anchorage area, shore line protections, an offshore supply base, refined product import jetties, industrial and logistics zone and supporting transport infrastructure,” he said.

Speaking on behalf of the host communities, the Alapa of Apa kingdom, Oba Oyekan Adekanbi Ajose, expressed their satisfaction about the plan of the Lagos State Government to attract more development to Badagry through the sea port project.

He said 10 out of the 12 host communities to the Badagry Deep Seaport are in full support of the project in their communities because they believe it will attract more development to the Badagry axis and therefore urged other communities to support the project.

Also speaking, a traditional leader and chairman of the host communities, Chief Frederick Ajanisan said: “We are happy with the project and we are also grateful to Governor Sanwo-Olu for showing interest in the project. Coming to Badagry for a stakeholders meeting today showed clearly that Governor Sanwo-Olu is interested in the project.”

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Good morning! Here Are Some Major News Headlines In The Newspapers Today: Pro-Fubara lawmakers elect factional Speaker, others

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1. A factional Speaker, Victor Oko Jumbo, representing Bonny Constituency, has emerged in the Rivers Assembly in a new twist to the crisis rocking the State. He was elected by lawmakers loyal to Governor Siminalayi Fubara.

 

2. Economic and Financial Crimes Commission, EFCC, will on Thursday, May 9, arraign the former Minister of Aviation, Hadi Sirika, his daughter, Fatimah, and two other suspects in court. The suspects are facing charges over alleged N2.7 billion contract fraud uncovered in the Aviation Ministry under Sirika.

 

3. The Nigerian Army has withdrawn its officials from Okuama community in Ughelli South Local Government Area of Delta State. According to a statement by Governor Sheriff Oborevwori, the withdrawal was confirmed during a phone conversation with the Chief of Army Staff, Lt. Gen. Taoreed Lagbaja, on Monday, May 6.

 

4. The Rivers State chapter of the Association of Local Government Areas of Nigeria (ALGON) has said it is ready to back the call for the impeachment of Governor Siminalayi Fubara. The local government chairmen also accused Fubara of embezzling funds intended for the state’s twenty-three LGAs.

READ  FG evacuates another set of 117 Nigerians from Libya

 

5. The Speaker of the House of Representatives, Abbas Tajudeen, yesterday, stepped down a motion calling for the suspension of the cybersecurity levy, which has sparked widespread dissatisfaction. During Wednesday’s plenary session, Manu Soro, a lawmaker from Bauchi State, presented the motion, expressing concerns that the levy’s introduction was ill-timed given the prevailing economic condition in Nigeria.

 

6. The Ogun State Police Command said it has arrested a septuagenarian landlord, identified simply as Adesina, for allegedly defiling and impregnating his tenant’s 14-year-old girl (name withheld) at Akegbeyale Street in Ifesowapo Akute, Ifo Local Government Area of the state. The state Police Command spokesman, Omolola Odutola, said the case had been transferred to the State Criminal Investigation Department, where all parties would be grilled.

 

7. The police on Wednesday continued their investigation into the circumstances leading to the death of the late singer, Ilerioluwa Aloba, aka Mohbad. This followed the invitation extended to Mohbad’s family and the group of persons mentioned in the ongoing probe of the illegal embalming of the deceased’s body following his death.

READ  Lagos planning to construct new airport in Lekki

 

8. The Nigeria Police has arrested eight suspected cult members at the Ekiti State University, Ado Ekiti. The Police Public Relations Officer, Ekiti State Command, Sunday Abutu, said, in Ado Ekiti, on Wednesday, that the arrest the previous day followed the intervention of men of the Rapid Response Squad following a distress call.

 

9. The Department of Development Control of the Abuja Metropolitan Management Council, AMMC, of the FCT Administration, has demolished shanties illegally built on a road corridor in Wuse Zone 3. The Coordinator of AMMC, Mr Felix Obuah, told journalists after the exercise on Wednesday that the move was part of efforts to clear all shanties in the city.

 

10. The House of Representatives has called for security presence in schools across the nation to address the worsening security situation in the country. The decision of the House is sequel to the adoption of a motion of urgent public importance moved at the plenary on Wednesday by Billy Osawaru.

READ  Buhari inaugurates Lekki Deep Sea Port, rice mill in Lagos

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UPDATED: Act of blackmail — FG says no official demanded $150m bribe from Binance

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The Federal Government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as a bribe to settle the prosecution of its executives in Nigeria.

 

On Tuesday, Richard Teng, Binance’s chief executive officer (CEO), said some unknown persons in Nigeria demanded huge payments in digital currency to make their problems in the country “go away”.

 

Teng’s allegation followed the detention of Nadeem Anjarwalla, Binance’s regional manager for Africa, and Tigran Gambaryan, the company’s head of financial crime compliance, in Nigeria, on February 28.

 

The two executives were detained as part of a probe bordering on Binance’s illegal operations in Nigeria and foreign exchange rate manipulations.

 

While criminal charges have been against Binance and Gambaryan, Anjarwalla fled detention on March 22.

However, Anjarwalla was reportedly arrested by the Police Service in April and the International Criminal Police Organisation (Interpol) is working towards extraditing him to Nigeria.

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In a statement by Rabiu Ibrahim, special assistant to the minister of information and national orientation, the government said the allegation by Binance is an attempt by the cryptocurrency exchange to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations.

 

“In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company,” the ministry said.

 

“This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria.

 

“The facts of this matter remain that Binance is being investigated in Nigeria for allowing its platform to be used for money laundering, terrorism financing, and foreign exchange manipulation through illegal trading.

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“While this lawful investigation was going on, an executive of Binance, who was in court-sanctioned protective custody, escaped from Nigeria, and he is now a fugitive from the law. Working with the security agencies in Nigeria, Interpol is currently executing an international arrest warrant on the said fugitive.”

 

BRIBERY ALLEGATION PART OF ORCHESTRATED INTERNATIONAL CAMPAIGN

The ministry said the bribery allegation is part of an orchestrated international campaign by Binance to undermine the Nigerian government.

 

The ministry said Binance is facing criminal prosecution in many countries including the United States.

 

“Just a week ago, the founder and former CEO of Binance, Changpeng Zhao, was sentenced to prison in the United States, after pleading guilty to charges very similar to what Binance is being investigated for in Nigeria. In addition, Zhao agreed to pay a fine of $50 million, while Binance is liable for $4.3 billion in fines and forfeitures to the US Government,” the government said.

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“We would like to remind Binance that it will not clear its name in Nigeria by resorting to fictional claims and mudslinging media campaigns. The only way to resolve its issues will be by submitting itself to unobstructed investigation and judicial due process.”

 

The ministry said the Nigerian government will continue to act within its laws and international norms and will not succumb to any form of blackmail from any entity, local or foreign.

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‘Act of blackmail’ — FG denies officials demanded $150m bribe from Binance

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The Federal Government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as bribe to settle the prosecution of its executives in Nigeria. 

On Tuesday, Richard Teng, Binance’s chief executive officer (CEO), said some unknown persons in Nigeria demanded huge payments in digital currency to make their problems in the country “go away”.

 

More to follow…

READ  Akeredolu's death a personal loss, says Sanwo-Olu 
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