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Economy

Governor Sanwo-Olu Unveils Towering 32-Foot Eyo Monument In Lagos

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Lagos Government Plans Move Against Rent Hike

Governor Sanwo-Olu Unveils Towering 32-Foot Eyo Monument In Lagos

Governor Sanwo-Olu unveils towering 32-foot Eyo monument in Lagos. He said that the monument reflects the depth of Lagos’ cultural heritage.

Governor Babajide Sanwo-Olu of Lagos State has unveiled the 32-foot Eyo monument at John Randle Centre for Yoruba culture and history, in Lagos, describing it as a symbol of culture and identity.

Mr Sanwo-Olu said that the unveiling, though simple, represents a significant and wholesome cultural experience in celebration of the Eyo Adimu Orisa Festival.
He said that the monument reflects the depth of Lagos’ cultural heritage, and reaffirmed the state’s position as a cradle of culture and tradition.

“This unveiling is simple, yet very significant; It is a wholesome experience that celebrates the Eyo Adimu Orisa Festival and what it represents to Lagos and our people,” he said.

Mr Sanwo-Olu commended the creator of the monument, Dotun Popoola, for using his artistic skills to project Lagos as a symbol of culture, creativity and history
He said that the state government would continue to support initiatives that preserve, promote and showcase Lagos’ rich cultural heritage to residents and visitors alike.

In his welcome address, the chief executive officer of the Centre, Qudus Onikeku, said that the 32-foot monument mounted on a six-foot base, was designed to tell the story and history of Eyo in Lagos State.

Mr Onikeku said that the centre also planned to produce a documentary film on the Eyo festival to further document and preserve its cultural significance.

According to him, the documentary will feature a respected custodian of Yoruba culture in the state, Erelu Abiola Dosumu.
He said that the monument and the planned documentary aligned with the centre’s mandate to serve as a hub for cultural education, preservation and creative expression
Reacting, the Erelu Kuti IV of Lagos, Erelu Abiola Dosumu, commended Mr Sanwo-Olu for his contributions to the preservation and celebration of Lagos’ cultural heritage and traditions.

Mr Dosumu also praised the governor, for his proactive approach to infrastructural development across the state, adding that cultural development thrived best in an environment supported by strong infrastructure.

Lagos Government Plans Move Against Rent Hike

Lagos Government

Earlier, the creator of the Eyo monument, Dotun Popoola, said that the almost 40-foot statue was conceived as a commitment to the promotion of culture and tradition.

Mr Popoola thanked the Lagos State government for the opportunity and support to execute the project, describing the monument as a tribute to the enduring legacy of the Eyo tradition.

According to him, the artwork is intended to inspire pride, cultural consciousness and continuity among present and future generations.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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