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Enugu Modern Transport Interchange: Payment of compensation to Holy Ghost property owners begins .

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Ahead of the commencement of construction of a new and modern transport Interchange (bus terminal) at Market Road, Enugu (Enugu Central Station), popularly known as Holy Ghost, the leaser of properties at the site will, from Tuesday, start receiving their compensations as agreed with the Nigerian Railway Corporation, the lessor.
The commencement of payment was made known to the Enugu State Commissioner for Transportation, Dr. Obi Ozor, on Monday.
Recall that the Enugu State governor, Dr. Peter Mbah, had, on 19th October, 2023, met with critical property owners and stakeholders on the proposed Enugu Central Station. At the meeting, Mbah had explained that the proposed Enugu Central Station was part of the larger infrastructure plan, which also includes other major modern transport interchanges at Garki, Abakpa Nike, and Nsukka. The aim, he said, was to alleviate the perennial traffic congestion, enhance safety, preserve road assets, optimise transport efficiency, and address various needs of transport sector operators in the state. He, therefore, sought their cooperation towards the realisation of the project.
Citing similar world-class developments in other parts of the world like Dubai, and Singapore, among others, Governor Mbah said there was no reason Holy Ghost bus terminal could be allowed to continue in its present state of decay, perennial traffic congestion, and high-level crimes when such overseas feats could be replicated through conscious efforts and planning.
Sequel to the meeting, the Commissioner for Transportation had on 20th October, 2023 letter formerly notified each individual occupant over a six-month notice of the government’s intention to use the location, while the lessors, the Railway Property Management Company Ltd. equally served the leasers notices of recovery of property to the on 22nd April, 2024 in line with their term of the lease.
In a copy of one of the letters by Railway Property Management Company Ltd. entitled “Notice of Recovery of Railway Land Along Market Road, Enugu”, referenced as T/P. 1794/VOL.1, signed by the Director of Land and Estate Services, A.O Abdulsalam, for the company’s Managing Director, it said the Federal Ministry of Transportation had agreed to release the said portion of Railway land to the Enugu State Government for a modern bus terminal.
The letter reads in part: “We refer to your lease of Railway land along Market Road, Enugu with Ref. No. T/P. 1794/VOL. 1 dated 02/08/2017.
“Please, be informed that the Federal Ministry of Transportation, on behalf of the Federal Government has agreed to release the portion of the NRC land, which was earlier allocated to you as referenced above, to the Enugu State Government to construct a modern transportation hub under the Transport Infrastructure Project.
“In line with our contractual agreement, the Enugu State Government has agreed to compensate you for the structures (s) constructed on the land based on an independent valuation of your structure on the land.
“Therefore, you are kindly requested to provide us with your account details through our Enugu Zonal Manager on or before 26th April 2024 to enable the Enugu State Government to credit your account with the necessary payment.
“Furthermore, as a kind gesture, the Enugu State Government has agreed to do the following: To provide you with an alternative temporary location to ease your business pending when the project is completed; to also give you the right of first refusal to return to the newly completed structure.”
Throwing more light on the development, Enugu State Commissioner for Transportation, said the temporary places had since been allocated to the affected businesses, with some already developing the new place.
“But importantly, I can say with certainty that they will start receiving alerts latest from Tuesday based on the compensation advisory sent to the state government by the Nigerian Railway Property Management Company Ltd. These are huge sums of money, but we have to do it to ameliorate the temporary inconveniences,” Ozor stated.
Meanwhile, at the meeting with Governor Mbah last year, the property and business owners, in addition to legitimate tenants numbering over 29, commended the project.
The event was attended by the owners and representatives of Anaocha South Mass Transit, Chisco Transport Company, Onitsha South Mass Transit, Farm Associates Limited, Dozie Oil Limited, A.C. Decanal Limited, Harco Oil, Pilgrimage Sisters (Osisatech), Okeyson Transport Limited, MDS Logistics Limited, Beach Crushers Association, FCMB, and Ecobank, among others.
Also, during a visit to Mbah in November to better know the project, the Chairman/CEO of Chisco Transport, Chief Chidi Anyaegbu, lauded Governor Mbah for taking responsibility to build such an important transport…

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Arnold Ekpe: Nine things you need to know about new Chairman of Dangote Sugar

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Dangote Sugar Refinery Plc recently appointed Mr Arnold Ekpe as the new Chairman of its Board, effective 16th June 2025.

Ekpe’s appointment comes after the retirement of Alhaji Aliko Dangote as Chairman of the company on Wednesday.

Dangote’s retirement brought an end to a 20-year leadership of the company.

His retirement will take effect starting from June 16, this year, according to a statement issued yesterday by Company Secretary Temitope Hassan.

However, Ekwutosblog brings you seven things you need to know about Dangote’s replacement, Arnold Ekpe:

1. Ekpe is a seasoned finance professional with more than thirty years of experience in the corporate sectors and banking.

2. He was born in Aug. 1953 in Nigeria, and went to King’s College, Lagos, where he graduated in 1972 and later traveled to abroad for his tertiary education.

3. Ekpe attended the University of Manchester and earned a First Class Honours degree in Engineering as a Shell Scholar (1973–1976).

4. He later obtained an MBA from Manchester Business School (1977–1979).

5. Ekpe started his career in 1977 with Schlumberger SA as a Wireline Logging Engineer.

6. He joined Alcan Aluminium Nigeria as Executive Assistant to the CEO in 1979.

7. Ekpe then entered the banking industry in the early 1980s, starting at International Merchant Bank (an affiliate of First Chicago) as Head of Strategy.

8. He later became Group CEO of Ecobank Transnational Incorporated, a role he held until his retirement in 2012.

9. He has served as an Independent Non‑Executive Director at Dangote Sugar Refinery since 2024.

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‘No deal collapsed’ – Nigerian Govt breaks silence on forward crude oil sale

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The Federal Government has debunked reports suggesting the collapse of a proposed forward crude oil sale involving the Nigerian National Petroleum Company Limited, NNPCL.

This was as the government stated that no final decision has been made on the matter.

According to a statement by the Director of Information and Public Relations at the Federal Ministry of Finance, Mohammed Manga, on Wednesday in Abuja, the government said it was aware of recent media speculation surrounding the deal, stressing that such commentary is premature and inaccurate.

“While market speculation is not uncommon in the context of ongoing economic reforms and transactions, no final decision has been announced by the Government.

“Commentary suggesting the collapse of any such initiative is unfounded,” the statement read.

The statement maintained that the forward sale of crude oil-an arrangement often used to secure financing by pledging future oil production-remains under consideration as part of a broader strategy to stabilise Nigeria’s economy.

“The government remains focused on deploying a range of innovative, transparent, and fiscally responsible financing strategies to optimise Nigeria’s oil assets, improve external liquidity, and strengthen macroeconomic stability,” Manga said.

The Federal Government expresssed its commitment to deploying innovative, transparent, and fiscally responsible financing strategies to optimize Nigeria’s oil assets, improve external liquidity, and strengthen macroeconomic stability.

The move is said to be part of the government’s ongoing economic reforms aimed at promoting economic growth and development.

The Finance Ministry also reassured stakeholders that any decisions regarding forward crude oil sales will be made with careful consideration and transparency.

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Oshiomhole, Airpeace clash over missed flight disrupt schedules in Lagos airport

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There was a mild drama as Edo State senator, Adams Oshiomhole and Air Peace staff engaged in a heated altercation at Murtala Muhammed Airport Terminal 1 (Zulu Hall) on Wednesday morning.

The altercation disrupted flight operations.

The incident occurred around 6:10 am when Oshiomhole arrived at the terminal for a flight to Abuja, scheduled to depart at 6:30 am.

Oshiomhole upon arrival had demanded to be boarded, noting that he had done online check-in.

However, Air Peace in a statement on Wednesday said the boarding process had already closed when Oshiomhole arrived, and the flight had departed as scheduled.

The airline claimed that, upon being informed he had missed his flight, the senator allegedly responded with physical aggression, assaulted staff members, and obstructed the terminal entrance, preventing other passengers from entering the departure hall.

“Upon being informed of the missed flight, the politician resorted to violence, physically assaulting our staff and forcefully barricading the terminal’s entrance,

“He went as far as sealing the entry gate and manning the access point, effectively obstructing other passengers from gaining entry into the terminal,” Air Peace said.

However, Oshiomhole has not officially reacted to the development as of the time of filing this report.

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