NEWS
Lagos Govt Plans Demolition Of Two Markets
Governor Babajide Sanwo-Olu announced on Sunday that the Lagos State Government plans to demolish Jankara and Bombata markets on Lagos Island to facilitate improved water flow into the drains.
Governor Sanwo-Olu made this announcement following a drainage and regeneration tour of Lagos Island.
He said “There will be zero-tolerance and as from Monday, the Ministry of Environment will start giving demolition notices to all the stores that have been built on the drains and on all existing drains.
“They have built shops on all the drains and that is why we are having these problems of flooding and environmental pollution.
“We cannot let a few people risk the lives of the larger number of us,’’ he added
Governor Sanwo-Olu emphasized that numerous illegal structures in the markets had obstructed drainage channels, leading to flooding. He highlighted the adverse impact of human activities on these areas during his inspection.
Emphasizing the necessity for urban regeneration and the cessation of recurrent flooding, Governor Sanwo-Olu asserted that the markets must make way.
He warned illegal squatters and those engaged in unlawful activities, affirming the government’s commitment to clean up the markets as part of its zero-tolerance stance on illegal environmental practices.
He specifically noted a substantial presence of illegal squatters in Pelewura Market.
Sanwo-Olu said “We are going to give them adequate notice and we are going to work with our concessionaires, the local government and all the stakeholders will be brought on board. We will all agree as to when that demolition and evacuation will start.
“I have given them the first notice already and I will give them the opportunity as stakeholders, for us to know when that final demolition will take place.”
Sanwo-Olu acknowledged the deterioration of Idumagbo Avenue Road, attributing its failure to the activities in the nearby markets. He affirmed that the tour provided insights into the issues and offered an opportunity to develop lasting solutions.
He outlined that the solution would initiate from the Ilubinrin Pump Station, where the government has been engaged in a substantial project for nearly two years due to the extensive work required.
He further stated that the assessment of Idumagbo Avenue, Ojo Giwa, and Adeniji Adele Road would be the next focus.
He said “It will be an opportunity for us to review the Phase 2 of Adeniji Adele, which starts from Idumagbo Junction, all the way to Ebute Ero.
“That will be a long-term regeneration of the entire area and with this coming up early next year, we will solve the entire drainage issues of the place.”
International News
NATO Shoots Down Third Iranian Missile in Turkey
NATO air defence systems have intercepted a third ballistic missile believed to have been launched from Iran after it entered Turkish airspace, Turkey’s Defence Ministry confirmed on Friday, raising fresh concerns about the growing tensions in the Middle East.
In a statement, the ministry said the missile was neutralised by NATO air and missile defence assets deployed in the eastern Mediterranean after it crossed into Turkish territory.
SEE MORE: WHO Releases Alarming Casualty Figures From US‑Israel‑Iran Conflict
The latest interception triggered security alerts across parts of southern Turkey.
Air raid sirens reportedly sounded at the strategic Incirlik Air Base, a key NATO military facility that hosts United States troops and other allied personnel.
Residents in the nearby city of Adana were awakened around 3:25 a.m. by the warning alarms. Some locals reportedly captured footage showing what appeared to be a fast-moving object on fire streaking across the sky.
Similar sirens were also heard in the eastern Turkish city of Batman around 4:00 a.m., with reports indicating the alarm may have been linked to a nearby military drone base located close to the city’s airport.
The incident marks the third time NATO defence systems have intercepted missiles linked to Iran in recent weeks. The first missile was shot down on March 4, while a second was intercepted earlier this week.
Following Monday’s incident, the United States temporarily shut down its consulate in Adana and urged American citizens to leave southeastern Turkey due to security concerns.
Iranian President Masoud Pezeshkian, however, reportedly denied that the missile had been launched from Iran during a telephone conversation with Turkish President Recep Tayyip Erdogan.
The rising tensions come amid the ongoing conflict that erupted on February 28 involving the United States, Israel and Iran. Since the outbreak of hostilities, Tehran has reportedly carried out retaliatory strikes across several locations in the Middle East.
Incirlik Air Base remains one of NATO’s most important strategic military facilities in the region. The base has hosted US troops for decades and also accommodates military personnel from other NATO member states including Spain and Poland.
Another key NATO installation is located in Kurecik, in Turkey’s Malatya province, where US troops operate an early-warning radar system capable of detecting missile launches from Iran. The radar facility forms part of NATO’s broader ballistic missile defence shield.
Although Turkish authorities have consistently denied that radar data from the base has been shared with Israel, its presence has reportedly raised concerns in Tehran.
Earlier this week, Turkey also confirmed the deployment of a Patriot missile defence system in Malatya as NATO strengthens its regional missile defence posture amid the escalating conflict.
NEWS
Chevron Reiterates Commitment to Niger Delta Development
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPC Ltd) and CNL has reiterated commitment to socio-economic development in the Niger Delta.
CNL has demonstrated interest in stakeholder discussions in respect of the proposed Escravos to Warri Road Project and continues to partner with the Niger Delta Development Commission (NDDC) and Delta State Government to understand the proposal.
During a visit of CNL and NDDC to the Delta State government on March 12, 2026, in Asaba, Segun Kuteyi, Director & Chief Operating Officer, Chevron Nigeria and Mid-Africa Region, highlighted CNL’s belief that the construction of the road will potentially improve connectivity and foster economic development in the region. He also recognized the critical importance of building the required synergy with the Delta State government through the project lifecycle.
ALSO READ: Coalition Faults Claims of N210tn Missing at NNPC Ltd
According to him, CNL believes that a collaborative approach with various stakeholders including government agencies, local communities, and private sector partners will deliver best value and the NDDC, being the initiator of the project, is a critical stakeholder in the project.
He said: “Nigeria’s Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (RITCS) provides a framework that may incentivize eligible private sector participation,” he stated, adding that CNL will continue to collaborate with the Nigerian government and other stakeholders to support the development of the Nigerian oil and gas industry and the Nigerian economy.”
NEWS
Coalition Faults Claims of N210tn Missing at NNPC Ltd
Allegations that about N210tn is missing from the accounts of the Nigerian National Petroleum Company Limited (NNPC Ltd) has been faulted by a coalition of professionals under the Ajiyya Solidarity Forum (AJF).
Addressing journalists on Thursday, ASF National Coordinator, Usman Hamza, described the claim as “mathematically impossible” and politically motivated.
The group’s position is in response to a recent claim by the Chairman of the Senate Public Accounts Committee, Ahmed Wadada, that the NNPC Limited could not account for about N210tn.
According to Hamza, such a figure was misleading.
ALSO READ: Dangote Refinery Cuts Petrol, Diesel Prices
“Senator Wadada’s claim of N210tn ‘unaccounted for’ funds is a mathematical impossibility designed to shock the public,” Hamza said.
He argued that the claim did not align with Nigeria’s fiscal reality, noting that the country’s entire 2024 national budget stood at about N28.7tn.
“To suggest that a single entity ‘lost’ nearly eight times the national budget is an insult to the intelligence of Nigerians,” he added.
The forum also condemned threats of arrest warrants against former officials of NNPC Ltd, including former Chief Financial Officer, Umar Ajiya, describing the move as part of a coordinated campaign of political blackmail.
According to the group, the Senate committee may have misinterpreted financial figures by combining accrued expenses and receivables in a way that falsely suggests missing funds.
“We consider that the committee has erroneously ‘netted’ N103tn in accrued expenses, largely joint venture liabilities, with N107tn in receivables owed to NNPCL. Labelling money owed to a company as ‘missing funds’ is a professional travesty,” Hamza stated.
During the ongoing review of the financial records of NNPC Ltd, the Senate Public Accounts Committee, chaired by Wadada, raised concerns over alleged discrepancies running into trillions of naira.
The ASF maintained that the allegations ignored the broader financial and structural reforms undertaken by the national oil company in recent years.
Furthermore, Hamza mentioned that the tenure of former CFO Ajiya coincided with the transition of the national oil firm into a commercial entity under the Petroleum Industry Act, a reform that ended decades of opaque financial reporting.
“Mr Ajiya’s tenure saw the transition of NNPC into a commercially driven entity and the publication of the first audited financial statements in 43 years,” the forum stated.
ASF defended the N5.9bn cost incurred during the transition process of NNPC to NNPC Limited, saying it covered complex legal and structural reforms required to transform the former state corporation into a limited liability company.
The forum warned that politicising the Senate’s oversight role could damage Nigeria’s credibility in the eyes of international investors.
“Using the Senate’s hallowed chambers to pursue personal vendettas damages Nigeria’s reputation with international investors,” Hamza said.
The forum further called on the leadership of the Senate to institute an independent ethics investigation into what it described as an alleged demand for bribes linked to the ongoing oversight process.
“We call on the Senate leadership and its Ethics Committee to investigate the alleged bribe demand connected to this oversight exercise,” he said.
He urged lawmakers to stop what he described as the harassment of officials who have already submitted several technical responses to the committee.
“Public accountability should be pursued through a sober forensic review of facts, not through sensational claims and phantom numbers,” he added.





