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SANWO-OLU: LAGOS OPEN FOR NEW INVESTMENTS, READY FOR BUSINESS
Published
3 years agoon
By
News Editor
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday reiterated his administration’s commitment to investments from local and international companies, saying Lagos is ready for business and open to new investments.
The Governor spoke during a courtesy visit by the management of the Daewoo Engineering and Construction Nigeria Limited, led by its Group Chairman, Mr. Jung Won Ju, at the Lagos House, Ikeja.
Governor Sanwo-Olu assured investors that his administration will create an enabling environment for investments and businesses to grow in the State. He said the Lagos State Government is ready and willing to partner with Daewoo Engineering and Construction Nigeria Limited in automobile, real estate and technology.
He said: “The relationship between South Korea and Nigeria dates back several decades and we all know how the Daewoo Industry is worldwide. We are aware of your strength and capacity.
Lagos is ready for business and it is open for new investments. I know Daewoo Nigeria has been here for a while but this is an opportunity for you to take that relationship to another level.
“So, on this your visit, don’t let it just be a visit to show; let it be a visit of commitment and real partnership. Let it be a visit where there will be real transactions on the table that both of us can take away.
“We are here to create the enabling environment for investments and businesses to grow. So, whatever you need from our side for your investments within our means, you can be rest assured that we are willing to do it for as long as we see a mutually beneficial relationship.
“Our city is open. We are ready and willing to create that partnership with you in automobile, real estate and technology because we have a very strong and capable youth population that is dynamic. They are very professional and they are ready to work.”
Speaking earlier, Mr. Jung Won Ju, said his company will be investing in real estate and infrastructure in Nigeria, saying Lagos has been identified as one of the major investment areas because Lagos is the economic capital of Nigeria.
Also speaking, the General Manager, Contract and Business Development of Daewoo Engineering and Construction Nigeria Limited, Mr. Adekunle Ilesanmi, commended Lagos State for accommodating a lot of investments and providing an enabling environment for returns on investments.
He said: “We are going to be investing in housing, real estate and infrastructure. Daewoo has over 40 years of commitment in Nigeria. We are trying to increase our investments in the country and Lagos has been identified as one of the major investment areas because Lagos is the economic capital of Nigeria.
“The chairman is willing and has assured Mr. Governor that we will make that commitment in a short time, especially in the real estate and housing.
“It is very commendable to see Lagos State accommodating a lot of investments and giving an enabling environment to all the investors coming in and ensuring that there is a return on investments. That makes Lagos attractive because when you invest here, you are sure of a return on your investment. The government is going to support you to be able to have a return on your investment.”
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News
Police Arrest 5 PakistanI Nationals, Recover 35 Phones in Benue Intelligence Ooperations
Published
22 hours agoon
August 8, 2026
The Benue State Police Command has arrested five Pakistani nationals and recovered thirty-five mobile phones in separate intelligence-led operations in Otukpo and Ugbokolo areas of the state.
The arrests were disclosed in a statement issued on Thursday, August 7, 2026, by the Command’s Public Relations Officer, DSP Orchia Peter Aondongu.
According to the statement, operatives acting on credible intelligence arrested three Pakistanis at Adoka Motor Park, Otukpo Local Government Area, on August 4, 2026.
The suspects were identified as Younas Mohammad, 36; Ahmad Nunil, 38; and Aslam Muhammad, 46. They were intercepted while attempting to board a vehicle to Adoka village.
During preliminary questioning, the suspects claimed they were in Otukpo to market cosmetics and mobile gadgets, none of which were found in their possession.
“This made their explanation, activities and movements within the area suspicious, requiring more clarification,” the PPRO stated.
In a separate operation on August 5, 2026, two other Pakistanis, Juma Sharif, 30, and Muhammed Sharif, 25, were arrested at a local hotel in Ugbokolo following another credible intelligence.
The two claimed to be dealers in Android phones. A search of their belongings led to the recovery of eleven Tecno Camon 50 Pro mobile phones.
Further investigation and operational follow-up resulted in the recovery of an additional twenty-three Tecno Camon 50 Pro phones and one Infinix Hot 60 phone, bringing the total number of recovered mobile phones to thirty-five.
The five suspects have been transferred to the State Criminal Investigation Department, SCID, Makurdi, where discreet and comprehensive investigations are ongoing to establish the circumstances surrounding their presence, activities and movements within the state.
The Command said it strongly suspects that the possession of the mobile phones may be a decoy for clandestine activities in rural areas of the state, noting that the suspects “hardly speak or understand English.”
The Commissioner of Police, Benue State Command, CP Cletus C. N. Nwadiogbu, commended the officers involved in the operations and members of the public whose timely information contributed to the arrests.
He reassured residents that the operations form part of the Command’s proactive, intelligence-led policing strategy aimed at identifying potential security threats, preventing criminal activities and safeguarding lives and property across the state.
CP Nwadiogbu further urged residents to remain vigilant and promptly report suspicious persons, movements or activities to the Police.
“The Command will continue to work with relevant stakeholders and members of the public to maintain peace and security across Benue State. The public will be updated as the investigation progresses,” the statement added.
News
HURIWA Calls for Probe of Adeyemi’s Govt Collaborators
Published
23 hours agoon
August 8, 2026
The Human Rights Writers Association of Nigeria (HURIWA) has dismissed the interim report of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on the controversial Presidential Foreign Intervention Promotion Council (PFIPC), alleging that its findings have raise more questions than answers.
HURIWA, National Coordinator, Comrade Emmanuel Onwubiko, in a statement, on Friday, argued that the report appeared to focus largely on alleged offences committed by one individual while failing to establish how a purportedly non-existent government agency operated within official circles for an extended period.
The organisation therefore opposed the prosecution of Prince Adeniyi Adeyemi, ICPC’ sole accused for forging documents, falsely presenting himself as Director-General of the PFIPC, creating additional agencies, opening bank accounts with forged instruments and exploiting weaknesses in government institutions.
HURIWA insisted that the alleged activities of Adeyemi could not, on their own, explain how the PFIPC acquired the appearance of an official government institution.
In HURIWA’s view, the central issue was not merely who allegedly forged documents, but how such documents were accepted and acted upon by government institutions.
It asked how a non-existent agency could acquire official legitimacy, who admitted its operators into government circles, who authorised meetings and engagements with public institutions and why elementary verification procedures failed to detect the alleged fraud.
The group also questioned how the PFIPC found its way into the 2026 Appropriation Act with a budgetary allocation running into billions of naira if it did not legally exist.
“The questions confronting Nigeria are neither difficult nor complicated,” HURIWA said.
It said there is a need to establish who processed documents linked to the agency, who ignored red flags and who enabled it to operate without challenge.
The organisation expressed concern that the ICPC’s interim findings could give the impression that the scandal was essentially the work of a lone individual.
It argued that such a conclusion would be difficult to reconcile with the scale and duration of the alleged activities, particularly given the involvement of multiple Ministries, Departments and Agencies (MDAs).
“HURIWA refuses to accept the proposition that one private citizen, acting entirely alone, successfully penetrated multiple Ministries, Departments and Agencies, operated for an extended period, secured official interactions and allegedly built an elaborate structure involving forged instruments without significant failures or possible complicity within the public service,” Onwubiko stated.
The association noted that the ICPC itself had identified weaknesses in inter-agency coordination, verification mechanisms and internal controls, arguing that such weaknesses required further investigation.
It said Nigerians deserved to know whether the failures were merely administrative lapses or whether some officials deliberately facilitated the activities of the alleged fake agency.
HURIWA was particularly critical of any recommendation for administrative sanctions against public officers whose negligence may have enabled the operation.
News
Why Alia revamped Abandoned Benue N70bn Taraku Mill After 40 Years
Published
24 hours agoon
August 8, 2026
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