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The Oyo State Government says it has deployed two excavators to Sogoye, along Bode, Molete area of Ibadan, Oyo State, where efforts are ongoing to rescue victims trapped under a building that collapsed on Friday.

Our Correspondent who is monitoring the development reported that the incident happened around 5:45pm.

BOOM!!! IT HAS HAPPENED AGAIN, 24 HOURS AFTER ANOTHER BUILDING COLLAPSE Police 300x224
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The number and identities of affected persons could not be ascertained as at the time of filing this .

Oyo State Government spokesman, Mr. Toye Arulogun, said the government was on top of the situation.

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Arulogun said, “We have deployed two excavators there. Our officials are right there now, to rescue trapped victims. There is no cause for alarm.”

A three-storey building under construction had collapsed suddenly, with several people injured and others trapped underneath.

No death has been recorded as at the time of filing this report.

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24 hours ago  an incident of a   collapsed and the lives of some children were claimed. The National Emergency Management Agency (NEMA) said eight students kicked the bucket in the fiasco.

NEMA Public Relations Officer (PRO), in the South West Region, Ibrahim Farinloye, who affirmed the quantity of death, said that 37 others were protected from under the flotsam and jetsam by rescuers.

He included that NEMA’s Director of Search and Rescue will be at the scene of the structure breakdown by 9am Thursday, including that the Federal Government has sent a group to make Post Disaster Assessment which will involve giving alleviation help to the casualties of the structure breakdown.

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He said that the group will likewise visit unfortunate casualties at the emergency clinic.

The rundown of survivors by yesterday evening included 22 females and 17 guys. The rundown expressed two instructors and three grown-ups, showing the rest were youngsters.

It was an unfortunate sight of wailings and pails loaded with tears as guardians of the students of Baden Private Primary School raged the mishap scene scanning for their wards. Indeed, even guardians whose youngsters were not influenced by

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the catastrophe couldn’t keep down tears.

More cries lease the air when the assortments of the twin sisters were brought out dead from under the rubble. As the sight drew wild tears from sympathizers, for the most part ladies, the two cadavers were rapidly put into a rescue vehicle and taken to the Lagos Island General Hospital morgue.

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An old woman, who recognized herself as Iya Ibeji, said her more youthful sister’s three youngsters, whose name she gave as Amina, Yusuf and Mubarak Oloyede, were as yet caught in the rubble.

Iya Ibeji unveiled that the mother of the youngsters, Ganiyat, had swooned when she heard the miserable news and had been raced to the emergency clinic.

The group at the scene down-poured insult on the proprietor of the structure, even as they blamed experts for the Lagos State and nearby administrations of overlooking calls by concerned neighbors that the structure was widely powerless and established a threat to its inhabitants.

Inhabitants of the zone said the structure had indicated obvious splits at the back. Some put the age of the structure at over 30 years and had been in a condition of decay.

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As indicated by an inhabitant in the region, Abdulazeez Elegushi, “A quit notice was given to the proprietor of the structure by the state government after it fizzled a trustworthiness test. I don’t have the foggiest idea why they would not comply with government’s organization. This would not have occurred in the event that they had clung to government’s guidance.”

Babajide Komolafe, a tricyclist who employs his in the Ita-Faji neighborhood, said he knew a couple who were dwelling in the structure yet moved out when authorities of the Lagos State Building Control Agency (LASBCA) first came to reserve the structure for obliteration and requested that inhabitants abandon the premises.

“My two companions who used to live in the structure moved out just in November when their lease lapsed. They said the guardian was at that point on their neck to pay for their new lease yet they rejected in light of the fact that they realized that the had been set apart by authorities of Lagos State government for decimation.

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“I’m astounded that the house and two or three others which had been set apart for pulverization were left standing. What we realized was that some administration authorities, after the underlying checking of the house for decimation, were undermined with fixes in their consequent visit, generally the structure should have been devastated quite a while prior,” Komolafe said.

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The tricyclist kept up the school’s name is Ohen Nursery/Primary School and that it has been running in the area for over three years.

An organic product merchant in the city, Bimbo Animashaun, likewise said the calamity was avoidable, taking note of that last year government authorities went to the Ita-Faji territory to request that inhabitants abandon houses they saw were in trouble.

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She said the three-story building was among those set apart by the authorities.

One of the brokers with a shop at the structure, Emeka Chukwuka, additionally said the house had been appearing of split before it inevitability crumbled yesterday.

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SOURCE: Punch

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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News

Buhari meets Dangote, Otedola, others in Aso Rock

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Buhari meets Dangote, Otedola, others in Aso Rock IMG 20190524 215018 1024x742

President Muhammadu Buhari on Friday hosted members of the Community and officials of the All Progressives Congress (APC) to Iftar (Ramadan breaking of fast) at the State , Abuja.

The News Agency of (NAN) reports that the Secretary to the Government of the Federation, Mr. Boss Mustapha and the Chief of Staff to the President, Malam Abba Kyari were among the government functionaries at the fast-breaking event.

Members of the business community in attendance of the fast-breaking meal included Alhaji Aliko Dangote, Femi Otedola, Tony Elemelu, Alhaji Isiaka Rabiu and Chief Emeka Offor.

Others were the Chairman of the Sahara Group, Kola Adesina and the Chairman of the National Union of Road Transport Workers (NURTW), Alhaji Najeem Yasin.

The National Chairman of the APC, Comrade Adams Oshiohmole, immediate past national chairman of the party, Chief John Odigie Oyegun; the party’s National Vice Chairman, North West, Inuwa Abdulkadir and other party officials also joined the president to share the fast-breaking meal.

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Real owners of MTN Nigeria revealed

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real owners of mtn nigeria revealed Real owners of MTN Nigeria revealed screenshot2019 05 24 10 48 35

 

 

 

Last Thursday’s listing of MTN shares on the Premium Board of the Nigerian Stock Exchange (NSE) has made it possible to identify the shareholders of the telecoms firm.

Many Nigerians believed the Nigerian government owned part of the South African firm through an unspecified equity holding by the Nigeria Sovereign Investment Authority (NSIA).
But a review of the listing memorandum filed by MTN Nigeria in support of its application for the enlistment of its shares on the NSE revealed the profiles of the shareholders of the company.
The list did not include either the Nigerian government or the NSIA. PREMIUM TIMES learnt that the NSIA investment “is very small” and could not have been listed among those of the big players.
The document dated May 15, 2018, showed 11 owners of MTN Nigeria. They own the entire 20,354,513,050 Ordinary Shares of the company valued at about N407.1 billion as at the time MTN applied to be listed.
They include the majority shareholder, MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion, and Stanbic IBTC Asset Management Limited with 9.77 per cent stake or 1,988,269,050 shares valued at about N39.77 billion.
Also included are six Nigerians, who are non-executive directors of the board. Each represents various foreign interests in the company.
Victor Odili, a Nigerian, and Chairman of Aeromaritime Group of companies, a group specialising in the maritime and oil and gas sectors of Nigeria’s economy, is a member of the board. He holds 806,886,900 shares, or 3.96 per cent interest, valued at about N16.14 billion indirectly on behalf of Hermitage Overseas Corporation.
Also, Pascal Dozie, a Nigerian and founder of the defunct Diamond Bank PLC, is the Chairman of the Board of Directors. He holds 340,409,900 shares, or 1.67 per cent equity valued at N6.67 billion, indirectly, on behalf of Celtelecom Investment Limited, NISPVLimited.

 

 

Another Nigerian, Sani Mohammed Bello, a co-founder of AMNI Petroleum, an indigenous oil and gas exploration companies, is the vice chairman of the board. He holds 265,092,150 shares (1.30 per cent equity) estimated at about N5.3 billion indirectly on behalf of One Africa Investment Limited.
Babatunde Folawiyo, a Nigerian and Chairman/Chief Executive Officer of the Yinka Folawiyo Group, holds 218,815,100 shares, or 1.07 per cent equity, valued at N4.01 billion on behalf of Universal Communications NISPV Limited.
Similarly, Gbenga Oyebode, a Nigerian and founding partner of Aluko & Oyebode law firm, represents the interest of N-Cell NISPV Limited. He holds 181,776,250 shares, or 0.89 per cent equity, valued at N3.27 billion.
Ahmed Dasuki, a Nigerian and founder of Quaditect Consultants, represents NISPV Limited/ SASPV Limited, which controls 177,717,850 shares, or 0.75 per cent equity valued at about N2.89 billion.
Government Employees Pension Fund (Represented by Public Investment Corporation SOC Limited) were also listed as owners with 355,281,650 shares (1.75 per cent equity) valued at about N7.11 billion.
Also, Mobile Telephone Network N.I.C.B.V holds 559,720,150 shares, or 2.75 per cent, valued at about N11.19 billion.
Robert Shuter, Ralph Mupita, Jens Schulte-Bockum, Ferdinand Moolman, Paul Norman and Karl Olutokun Toriola serve as representatives of MTN Group on the Board of Directors of the company.
With the listing of the company’s shares on the NSE, MTN Nigeria becomes the first privately owned telecoms company in Nigeria to attain that status.
The listing of the company on the premium board of the NSE on April 18, , resulted in the change of the company from a private company to a publicly quoted telecoms company on the NSE.
MTN Nigeria, a subsidiary of MTN International (Mauritius) Limited, was incorporated in the Republic of Mauritius, with its ultimate holding company, MTN Group.
The company was incorporated on November 8, 2000. But, it did not commence operations until 2001. Since then, the company has remained in operations for almost 18 years in Nigeria.
MTN Nigeria is reputed to be Nigeria’s largest telecoms operators, with about 67 million subscribers, controlling about 39 per cent mobile market share.

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