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Daily Archives: January 28, 2025

Lagos Govt Partners FG To Commence 68km Rail Project Connecting VI, Lekki, Ajah 

In a bid to improve transportation system in Lagos, the Sanwo-Olu-led  Government has signed a Memorandum of Understanding (MoU) with the Federal Government to kickstart exploratory work on the 68-kilometer Green Line rail project. The rail line will connect Marina to the Lekki Free Trade Zone, traversing key areas such as Victoria Island, Lekki, and Ajah. The announcement was made …

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Access Bank In Loan Scandal: N1b Advanced To Company Without Collateral

More facts have emerged about how Access Bank granted an N1 billion loan to DDSS International Company Limited, using a property belonging to MOB Integrated Services as collateral without the owner’s consent. According to details of the loan obtained by investigators, the property, owned by MOB Integrated Services, was first used to guarantee a loan of N193,139,200 to Balmoral International …

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Court Orders Arrest of Access Bank MD, Others Over Alleged Property Theft, Belonging To Obanikoro’s Family

A Lagos State High Court judge, Justice Ibironke Harrison, has ordered the arrest of Access Bank’s Group Chief Executive, Bolaji Agbede, Managing Director, Roosevelt Ogbonna, and Company Secretary, Robert Imowo, over an allegation of property theft belonging to Obanikoro’s son. This is contained in a bench warrant issued by Court No. 18 of the High Court of Lagos State with …

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