Author: Citynews

The former French Minister of Transport, Mr. Djebbari Jean-Baptiste, has hinted at the desire of investors from his country to invest in the transport sector of Ogun State, especially the agro-cargo airport. Other areas of interest for the investors, according to Mr. Jean-Baptiste, are the Dry Port, the Olokola Sea Port, and the railway system. Fielding questions from newsmen after a closed-door meeting with the governor, Prince Dapo Abiodun, in his office at Oke-Mosan, Abeokuta, Mr. Jean-Baptiste said he was impressed with the level of infrastructural facilities at the airport, hence the need to draw the attention of French investors…

The Oyo State Government has partnered with telecommunications giant, Globacom, to revolutionize traffic management in the state. This collaboration marks a significant milestone in the state’s efforts to develop innovative solutions for traffic management. According to Chief Ebenezer Ogunwuyi, Chief of Staff to Governor Seyi Makinde whom he represented at the event, the partnership will usher in a new era of digitized traffic management in Oyo State. “As our cities grow and our economy expands, we need innovative solutions to ensure road safety, efficient traffic flow, and seamless urban mobility,” he emphasized. The Chairman of Oyo State Road Traffic Management…

In a world where compassion is increasingly vital, TM Foundation stands out as a beacon of hope and empowerment. Established in 2019 by the visionary Olatunde Mukaila Lawal, this South Africa-based organization is dedicated to uplifting the elderly, less privileged kids, and the vulnerable, fostering stronger communities through a mission rooted in dignity, love, and care.Making an Impact Since 2019TM Foundation began with a simple yet powerful goal: to create meaningful change for those often overlooked. Since its inception, the foundation has provided vital resources and emotional support to kids, seniors and young individuals, bridging the gap between generations and…

Depositors fund at Moniepoint Microfinance Bank (MMB) is currently under threat as suspected fraudsters removed N1.1billion Customers’ fund from their accounts.It was garthed that the bank had in April 2024 argued that it has strengthened its system, fraudsters and hackers stole Customers’ money in May, 2024, thereby, casting suspicion on the security and Safety of depositors’ fund with the bank.However, it was gathered that the bank is currently battling so hard to recover the huge billion allegedly stolen by the fraudsters from the bank.It was gathered that the hacker, Sunday Ozimede, was said to have invaded the vault of Moniepoint…

The race for knockout spots in Europe’s elite football competitions reaches the crunch phase this week, with matchday seven action in the UEFA Champions League, Europa League, and Conference League.The stakes are high with some of the big names in danger of elimination. From Tuesday to Thursday, GOtv will broadcast live action of some of the big matches. Here are the key matches you can access on GOtv:Benfica vs Barcelona: The Catalans go to Portugal knowing a win will seal their qualification spot. But the job won’t be easy. Benfica have all to play for in this tie. With 10…

The Asset Management Company Of Nigeria (AMCON), has said, the owner of Arik Air, Sir Johnson Arumem-Ikhide, is owing the company over N455.17billion.Speaking over the weekend, the Head of Corporate Communications Department of AMCON, Jude Nwauzor, said as at December 31st, 2024, Arik Air owed AMCON N227,637,469,394.34 billion; Rockson Engineering, N163,502,837, 397.75 billion, while Ojemai Farms owed the corporation another N14, 031, 457, 980.71 billion, totaling N455, 171, 764, 772.80.Nwauzor, however, stated that, AMCON’s intervention in the troubled Arik Air in February 2017, saved the carrier from liquidation, but vowed that it would ensure the recovery of the total debts…

Justice Ibironke Harrison of the Lagos State High Court has ordered the arrest of Access Bank’s acting Managing Director, Bolaji Agbede and three others for allegedly failing to appear for arraignment.The judge’s order also affected Balmoral International Limited, DDSS International Company Limited, and Adejare Adegbenro.Justice Harrison issued the arrest warrant after the Lagos State prosecution counsel, Uthman̈ Rilwan informed the court that he had served the defendants with notice, but they failed to attend the arraignment.The Lagos State government had filed a four-count charge of conspiracy, stealing, and attempted theft against the defendants.When the case was called, Rilwan informed the…

…as Alagbole -Ajuwon-Akute road set to be commissioned by end of February Ogun State Governor, Prince Dapo Abiodun, has disclosed that the 17-kilometer Sango-Ijoko road would be divided into two sections to allow for its quick completion as he announced the immediate construction of the road.The Governor also added that the 3.25 kilometers Alagbole-Ajuwon-Akute road in Ifo Local Government Area of the state would be ready for commissioning by the end of February 2025.The Governor made these known during the inspection of several roads under construction in Ifo 2 state constituency.“About four months ago, we were here in response to…

President Bola Tinubu has appointed Princess Zahrah Audu as the new Director-General of the Presidential Enabling Business Environment Council in a move aimed at attracting foreign investments and improving Nigeria’s business climate.This was disclosed in a memo signed by Secretary to the Government of the Federation, George Akume and made available to journalists in Abuja on Monday.Before her appointment, Audu, an entrepreneur and technology expert, was the technical adviser to the President on Foreign Direct Investment.She replaced Jumoke Oduwole, who has been named Minister of Industry, Trade and Investment in a recent cabinet reshuffle.The statement partly read, “In a landmark…

The Economic and Financial Crimes Commission (EFCC), on Monday, January 20, 2025 arraigned a former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, current Managing Director of Arik Air, Captain Roy Ilegbodu, and Receiver Manager of Arik Air.Kamilu Omokide, alongside Union Bank Plc and Super Bravo Limited, before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos on a six-count charge bordering on alleged theft of properties belonging to Arik Air and abuse of office.They pleaded not guilty when the charges were read to them