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Revealed: Ikoyi collapsed building moneybags

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For months, they remained unknown, unseen and unheard of. When many were mourning the loss of lives and asking questions, they remained quiet. Now the veil has been lifted off the owners of the collapsed Ikoyi building, which killed scores of workers and others, including the owner of Fourscore Heights Limited, the company that initiated the project, Mr Femi Odubona.

The property on 44B, Gerrard Road, Ikoyi, went down on November 1, 2021. Subscribers reportedly paid millions of dollars for a piece of what promised to be a beautiful edifice with a commanding height on the skyline of Ikoyi – home of the rich and powerful.

Now, the mystery of the owners of the doomed property has been resolved. Some individuals have gone to court in a desperate bid to stop the Lagos State Government from demolishing the other buildings on the site after experts have certified them unfit to stand.

Among the unlucky investors are mainly big businessmen and women: A senior lawyer, Mr Oluwemimo Adepoju Ogunde SAN, a pastor, Mr Adetola Odutola, Mr Bola Odutola, Mrs Bunmi Odutola, Mr Ghandi Olaoye, Ms Zahra Temitope Motomori, Mr Adewale Folowosele, Mr Moses Anibaba, Mrs Margret Anibaba, Dr Oladipo Oluyomi, Mrs Adepeju Oluyomi and Mr Tayo Oladapo.

There are, also, two companies Kwara Business School Limited and Saikoyi Property Limited. The owners are not specified.

Where have they been all this while? Why did they not approach the panel of inquiry set up by the government to say all they knew about the property? Are they more interested in their money than the lives lost in this misadventure? These are some of the questions people are asking.

A government source said the state was studying the memorandum of claim served on the company handling the demolition of the two buildings that were left standing after the incident. “However, it is not right for them to say that the government can’t take over the property. The law states explicitly that when a property collapses, the government automatically takes over the property.”

The source added: “It’s all in the public interest and the government said so. Where were they when the Panel of Inquiry sat and took far-reaching decisions on the matter. The Government has even issued a White Paper. Were they ashamed of claiming their right? Don’t you wonder the kind of investors we are talking about? They couldn’t even ask for insurance before shelling out the huge cash they claimed to have paid the late owner of the property.”

Some of the investors said they paid the late Odubona various sums of money in dollars -$120,000, $111, 111. 11, $20,000, $315,586.78 and $7,708.

They said it was the alleged negligence of government agencies that led to the collapse of the building, but a source who testified at the sitting of the Panel of Inquiry said that there was evidence that the site was sealed off by the Ministry of Physical Planning. “Its officials were attacked at the site. In fact, the promoter of the project was arrested. The site was reopened and the promoter was yet to show proof of all he was asked to do before the building collapsed.” He said, adding: “Now, they want to put the blame on the government; that is being clever by half.”

A source who pleaded for anonymity said: “Now that the owners or potential owners of the doomed property have shown their face, those who lost their loved ones can go after them for compensation.”

The Lagos State Government is yet to react to the call for a meeting by the subscribers.

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JUST-IN: Gov Fubara returns to Port Harcourt as Tinubu ends Emergency Rule

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Rivers State Governor, Siminalayi Fubara, returned to the state on Friday, landing at the Port Harcourt International Airport, Omagwa, at about 11:55 a.m. to the cheers of his supporters who trooped out to welcome him.

His return comes hours after President Bola Tinubu lifted the emergency rule imposed on the state on March 18, following a political crisis that saw Fubara and his deputy, Ngozi Odu, suspended from office.

Despite his arrival, the governor had yet to resume at the Government House office as of Friday afternoon. On Thursday, the Rivers State House of Assembly reconvened, but hundreds of Fubara’s supporters who had gathered at the Government House in anticipation of his return waited in vain.

During the emergency rule, Tinubu appointed retired Admiral Ibok-Ete Ibas as sole administrator to oversee the state. In a farewell broadcast on Wednesday, Ibas handed over power and urged political actors in Rivers to embrace dialogue and mutual respect.

The crisis in the state began after Fubara fell out with his predecessor, Nyesom Wike, now Minister of the Federal Capital Territory, over control of Rivers’ political structure. The feud split the state assembly and escalated into violent confrontations.

In June, Tinubu convened a reconciliation meeting with Fubara, Wike, Assembly Speaker Martin Amaewhule, and other key stakeholders.

By July, Ibas inaugurated the Rivers State Independent Electoral Commission (RSIEC), led by Michael Odey, which conducted council elections across the state on August 30.

The All Progressives Congress (APC) won 20 local government areas, while the Peoples Democratic Party (PDP) secured three.

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Nigerian Born Int’l Journalist, Livinus Chibuike Victor, attempts to attain Interviewing Marathon of 72hours 30 Seconds

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Journalists plays an essential role in promoting transparency, challenging power, and giving a voice to the voiceless. Despite increasing threats to press freedom across the world.

As the world reflects on the vital role journalists play in upholding democratic values, Livinus Chibuike Victor, Imo State born globally acclaimed journalist, proudly announce a historic Guinness World Record attempt for the longest interviewing marathon, with the Theme (NIGERIA OUR STRENGTH) scheduled to take place from 28th September to October 1st 2025, at Tangier Hotel, 34, Ekukinam street, Besides ABC Transport, Utako, Abuja.

The record attempt according to Victory, aims to highlight the enduring impact of journalism in a democratic society, a profession that continues to educate, empower, and hold those in power accountable. In an age where truth is often under siege, this initiative seeks to draw attention to the essential need for a free, ethical, and fearless press.

“Democracy is impossible without an informed public, and journalists are the ones who make that possible, “This attempt is not just about setting a new world record; it’s about celebrating truth, integrity, and the powerful role journalism plays in building and sustaining open societies.

 

The Guinness World Record attempt will feature a series of activities designed to engage the public, celebrate press freedom, and honor the sacrifices made by journalists around the world.

Members of the public, media professionals, and civic leaders are invited to witness and support the event as it unfolds over three inspiring days at the Tangier Hotel, Ekukinam Street, Utako,.Abuja, Nigeria.

About Livinus Chibuike Victor
Livinus Chibuike Victor is a Nigerian journalist known for his fearless reporting and advocacy for Press Freedom. He has worked tirelessly to promote transparency and accountability in society through his work.

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South East NUJ hosts homecoming, awards Chris Isiguzo Lifetime Achievement Honour

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The immediate past National President of the Nigeria Union of Journalists (NUJ), Chief Dr. Chris Isiguzo (MFR), has been celebrated with a Lifetime Achievement Award by journalists from the South East Zone C during a special homecoming held in his honour at the NUJ Enugu Council Press Centre.

Speaking at the event, NUJ Vice President (South East), Comrade Ezenwa Adiuku, said the recognition was in appreciation of Isiguzo’s remarkable leadership and contributions during his tenure as National President. He described him as “a pathfinder, a trailblazer, a mentor, and a leader,” noting that he positioned the South East as a strong voice within the Union.

Chairman of the occasion and SSA to the Enugu State Governor on External Media Relations, Mr. Uche Anichukwu, stressed the importance of quality leadership recruitment in a democracy, urging citizens to reject vote buying and selling. He charged the media to intensify civic education to ensure credible leadership choices.

The current NUJ National President, Comrade Alhassan Yahya, praised the South East leadership for honouring Isiguzo, adding that it was the first time a sitting national president would honour his predecessor. He expressed confidence in the new Enugu Council leadership under Comrade Obinna Ogbuka, urging members to give full support.

In his response, Isiguzo expressed gratitude to the Union, recounting his administration’s achievements such as member registration, creation of the NUJ website, restoration of peace in councils, improved relations with state governments, and enhanced staff welfare.

Delivering a keynote address on “Leadership Recruitment Amid Challenges of Poverty: The Role of the Media”, UNN Vice Chancellor, Prof. Simon Uchenna Ortuanya, represented by Prof. Olaiwola Usman, linked Nigeria’s poverty crisis to poor leadership choices, stressing the media’s role in promoting credible recruitment of leaders.

The high point of the ceremony was the presentation of the NUJ South East Zonal Lifetime Achievement Award portrait to Isiguzo by Comrade Yahya, alongside tributes from NUJ and NAWOJ leaders.

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