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Economy

Community Laments 5 Month Power Outage In Lagos

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DisCos Generate

Community Laments 5 Month Power Outage In Lagos

Lagos community laments 5 month power outage in Lagos. Efforts to get the reaction of Head of Corporate Communications, IKEDC, Kingsley Okotie, were unsuccessful.

Residents of Love Estate in Ikorodu-Elepe, Lagos State, on Sunday lamented five months power outage in the community that has grounded businesses.

They appealed to the Ikeja Electricity Distribution Company (IKEDC) to restore power to the community after the only electricity transformer was taken away for repairs in January.

The residents said the prolonged absence of electricity made them vulnerable to attacks from marauders who operate under the cover of darkness, saying it has also grounded their businesses and other activities that rely on electricity.

Some of residents who spoke during an interview said that despite the donation of a N15 million transformer to IKEDC by the community, pending the return of the faulty one, the company failed to energise it.

A resident, Emmanuel Ayanda, said immediately the estate’s transformer developed a fault and IKEDC was not forthcoming, the community contributed N15 million to purchase a 500 KVA new transformer which was “donated” to IKEDC.

Mr Ayanda explained despite the donation of the transformer with the necessary official steps taken, the electricity distribution company refused to energise it and failed to return the faulty one.

He said that residents have been “spending a lot on buying fuel” to power their generators in the last five months, while economic activities have been paralysed.

Another resident and businesswoman. Ranti Olaniyi, expressed disappointment over the continued failure of IKEDC to restore electricity in the community for the past five months.

Mrs Olaniyi expressed concern and distress over the harm caused to her business by the prolonged blackout.

“We have been left in total darkness, and our daily lives have been severely disrupted. As a business owner, this prolonged blackout is having a devastating impact on my business operations and income. My turnover has dropped drastically, and I am unable to meet customers’ demands or run essential equipment. We seek urgent intervention and public attention to this matter. We deserve basic infrastructure and reliable electricity to live and work with dignity”, she said.

Another resident, Ayo Ikuomola, another resident, said that it had been a tough time for the community in the last five months without electricity.

Mr Ikuomola said that when the transformer serving the estate was faulty in December 2024, officers of Ikeja electric were contacted and they came to pick it for repair.

According to him, when IKEDC was not forthcoming on the repair, residents of the community contributed N15 million to purchase a new transformer which was donated to the company.

He said, “Despite the fact that the donation was received by IKEDC and necessary approvals were given, neither the old transformer that was taken for repair returned nor the new one energised. Since the power outage, and for my business to survive, I have spent over N1 million to buy fuel to power my generator. This is frustrating. Every morning, women and children roaming around the streets looking for where to fetch water and to charge their phones. We appeal to the concern authorities to come to our rescue. This suffering is too much.’’

Meanwhile, residents of the community at an emergency meeting on Saturday vowed to stage a peaceful protest at the IKEDC headquarters in Ikeja on Monday.

The Chairman of the Community Development Association, Segun Oni, while addressing the residents, appealed to Nigerian Electricity Regulatory Commission (NERC) to come to the community’s aid.

Mr Oni explained the community’s faulty transformer that was taken away on January 3, 2025, by IKEDC for repair had not been returned, while the new 500KVA donated by the community had not been energised.

DisCos Generate

Community Laments 5 Month Power Outage

“We have been in darkness for more than five months now and we cannot continue like this. We have written several letters to NERC, other government parastatals and even donated a new transformer to IKEDC without any hope in sight. We appeal to Governor Babajide Sanwo-Olu and other concerned authorities to please come to our aid. We are staging a peaceful and organised protest to IKEDC office on Monday. We have done our part by donating a transformer to IKEDC but to no avail. Enough is Enough,” he said.

Contacted, Head of Technical Unit, IKEDC Business Unit, Alogba, Ikorodu, Samuel Odukoya, declined to comment on the matter
Mr Odukoya, however, advised that enquiries should be directed to the corporate affairs unit of the company in Ikeja.

Efforts to get the reaction of Head of Corporate Communications, IKEDC, Kingsley Okotie, were unsuccessful.

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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