₦airaland Forum

BankeSmalls:
our people can lie! Queen of sheeba wey Solomon enjoyed in those days?

Shelter Afrique partners Ogun housing corporation on N2bn housing units

Shelter Afrique, a Pan-African Finance institution has partnered Ogun State Housing Corporation (OGSHC) to support the construction of housing units for hundreds of Ogun State’s civil and public servants with N2 billion.

Shelter Afrique, which finances affordable housing for Africa, collaborates with Ogun State Housing Corporation (OGSHC) on the provision of low-cost housing scheme for civil and public servants who are contributors to the National Housing Scheme, BusinessDay reports.

Speaking at an official meeting held in Abeokuta with Jumoke Akinwunmi, general manager, Ogun State Housing Corporation, Oumar Diop, resident regional representative of Shelter Afrique, said that Shelter Afrique was willing and committed to making available the sum of N2 billion for the construction of housing units to be located at Kemta, Idi-Aba in Abeokuta.

Diop noted that the low-cost housing units were to be provided for workers who had not benefited from the previous housing schemes in the state, adding that the project would avail workers the opportunity to have their own houses since the project was meant to promote home building and ownership and, in return, boost workers’ productivity.

Responding, Akinwunmi appreciated Shelter Afrique for the partnership on housing development in the state, assuring Shelter Afrique of state government’s cooperation on the project.

Meanwhile, the Ogun State Property and Investment Corporation (OPIC) has completed 9.4 kilometres of residential and industrial roads in Agbara Estates aimed at developing industries in the axis; easing haulage of raw-materials and finished goods to and fro scores of manufacturing industries.

Speaking on the construction of roads in the estates, Taiwo Aridegbe, OPIC’s general manager, said that government had constructed 5.8 kilometers industrial graded roads in Area 1 & 5; 3.6 kilometers residential road in Area 4 and graded/opened road in Area 1 & 8.

According to him, the first phase of work focused on the areas densely populated by OPIC allottees, these were area 4 and 1 industrial area and the cost of these roads was primarily borne by government through the corporation, adding that water channelization was equally provided to reduce flooding.

“In addition, efforts to maintain security were enhanced by upgrading the police station which was refurbished and renovated by OPIC in October 2014,” he added.

Aridegbe said the state government, through OPIC, would remain committed to upgrading OPIC Agbara, but regretted that the Federal Government’s outright neglect of the Badagry/ Sokoto Expressway did not complement the efforts of the state government on roads infrastructure.

“The abandonment had resulted to traffic detours through our estate and to mitigate damage caused by these detours, OPIC has opened up Road 411, measuring over 1.6 kilometres, rolled and compacted it with laterite in readiness for completion during the second phase.”

He however, said despite the financial challenges, OPIC would resume work on the second phase in a short while, saying that would cover most of Area 8, the remaining arterial roads, Area 5 and Igbesa axis just as he added that government would commence the reconstruction of access roads soon to relieve the pressure on the recently developed road networks.

http://3investonline.com/shelter-afrique-partners-ogun-housing-corporation-on-n2bn-housing-units/

PPAngel:
Lol.

That repackaging cottage factories that only exist to house and repackage imported food products ?

Lol.

If you are left alone, you will be forced to seek economic partnership with Benin and Togo

PPAngel:
Omo Yoruba my Internet firewall can protect me from your foul sacrificed juju.

Yeye liar

PPAngel:
What is there to like about Yoruba reptiles?

oduastates:
I cannot wait for Nigeria to break up. We have all we need to forge a great country.
The free spending consumers
Intelligent and well educated citizen
Hardworking and skilled artisans
Beautiful land for tourism
A liberal society

The federal government is removing over N2 trillion from Lagos and giving 96 billion back .
They are probably removing as much from ogun . I doubt ogun is collecting royalties or derivation from the mining
Most of the insecurity and crime we are suffering is caused by outsiders.
Many of our people are impoverished because we have to share what we have created with others. I do not min

Udmaster:
are IGBOS Nigerians?

winniz:
So you mean Innoson, Sabmiller and all the Industries and manufacturers scattered all over Nnewi and Onitsha are all traders.

winniz:
So you mean Innoson, Sabmiller and all the Industries and manufacturers scattered all over Nnewi and Onitsha are all traders.

Udmaster:
you people are Natural NOISEMAKERS.. I have given you some biz firms owned by Igbos and you are here talking of Dangote.. Remember IGBOS rebuild their business empire with £20 after the civil war.. Thank you Lord for making me an IGBO person. AMEN.

basilo101:
While SW can not process cocoa into finished products evn though its in dia backyard SE process hides and skin into finished product 4 export afta buying from d north. Which of d two show more technological advancement? Nw dia propagandist want to put d value of global process cocoa as d value of nigeria raw cocoa. Thanks 4 busting dia lies and making sure dey dnt derail d thread since dey nw lack facts to defend dia lies

Ezemarcel:
did u see any source there talkless of fraud

Udmaster:
-IGBOS Dominate and Control TRADE and COMMERCE in this country..
-IGBOS have the largest Black car manufactury industry,
- Orange and Emzor pharmaceutical(the biggest in Nigeria) are owned by IGBOS,
- Zinox Computer and Laptop manufacturing company is owned by an IGBO Engineer,
- Transportation and Hotelling industry are controlled by IGBOS,
- Nollywood, largest film industry in Nigeria is founded and controlled by IGBOS,
-The largest market in Africa which is Onitcha main market are controlled by IGBOS,
- Aba Textile Industry is the ONLY functioning texile industry in Nigeria
Etc

- IGBOS own up to atleast 50% of Businesses in LAGOS

- IGBOS are the highest importers in Nigeria and Apapa seaport is benefitting from it. AND MANY MORE

princdebola201:
I never knew ur brain is so Empty, if you can't back ur claims with facts and figures..Don't qoute me again..

PPAngel:
Let me state it for you again.

A plea bargain is considered a conviction on its own.

Try and wrap your head round that last sentence above.

Here are the court documents



https://pointblanknews.com/pbn/wp-content/uploads/2014/11/BolaTinubuHeroinforfeiture-1.jpg

Even Remi Tinubu is not fit to be a Senator of the Federal Republic as she also was a co defendant in the money laundry suit

PPAngel:
You want me to post court documents...

Ok gimme a minute

PPAngel:
Entering a plea bargain and forfeiture of assests is on its own a conviction.

Tinubu entered a plea deal and snitched on his associates. This is still considered a conviction and that is why he can not enter the US or was allowed to follow Buhari to the white House.

Tinubu is a criminal.

PPAngel:
[size=18pt]Tinubu's Drug Past
[/size]

Facts have emerged that the erstwhile Governor of Lagos state, Asiwaju Bola Tinubu may have been involved in a white heroin trafficking network which operated in Chicago and some parts of Indiana and led by one Adegboyega Mueez Akande between 1988 and 1993. The source of the white heroine was identified as one Mr. Lee Andrew Edwards who was incarcerated for attempting to murder a federal agent while the agent was executing a search warrant on him.

According to the Verified Complaint for forfeiture in case No. 93 C 4483 Obtained by SaharaReporters, which was filed on July 26, 1993 before the Hon. Judge Nordberg of the United States District Court for the Northern District of Illinois, the United States Government urged the Court to order the forfeiture of funds in accounts Nos. 263226700 held by First Heritage Bank in the name of Bola Tinubu, funds in accounts 39483134, 39483396, 4650279566, 00400220, 39936404 and 39936383 held by Citibank N.A in the name of Bola Tinubu and funds in accounts 52050-89451952,52050-89451952, 52050-89451953 held by Citibank in the name of Bola Tinubu because there was probable cause to believe that the funds in Tinubu's bank accounts represented proceeds of narcotics trafficking or were monies involved in financial transactions in violations of 18 U.S.C, sections 1956 and 1957 and therefore, was forfeitable to the U.S Government.




However, in a tacit defense of the ownership of the funds, Asiwaju Bola Tinubu averred in Court that the funds belonged to himself, his wife, K.O Tinubu and his surrogate mother, Alhaja Mogaji and warranted that they had exclusive right, title and interest to the funds.

In an affidavit sworn to by Kevin Moss, a Special Agent with the United States Internal Revenue Service, criminal investigation division in support of the verified complaint for forfeiture of Bola Tinubu's moneys held in various Bank accounts, the agent gave a vivid account of how he came to the conclusion that the funds were proceeds of narcotics transaction in violation of the U.S law.

Mr. Moss averred that prior to and during 1988; the government became involved in the investigation of a white heroin trafficking network operating in Chicago, Illinois and Hammond, Indiana. The investigation disclosed that an individual known as Lee Andrew Edwards was a source of white heroin. The government sources provided information about Lee Andrew Edwards including the identity of a telephone number which activated in electronic pager. This pager according to him was to be called to place an order for white heroin. According to Mr. Moss, this pager was subscribed to by one Adegboyega Mueez Akande who at that time was a resident of Chicago.

Mr. Moss further averred that during February 1988, an individual named Abiodun Agbele arrived in the U.S from Nigeria and during investigation by the government, Agbele disclosed that Akande was his uncle who provided him an apartment in Hammond, Indiana.

According to Agbele, Mr. Akande returned to Nigeria in1990; however, before he left, he instructed Agbale to serve as a source of white heroin for Mr. Lee Andrew Edwards as a result of which Agbele sold white heroin for Lee Andrew Edwards on numerous occasions. Following a tip off, Agbele sold one ounce of white heroin to a law enforcement agent undercover on November 28, 1990 for $7,000 and was subsequently arrested. After his arrest, Agbele agreed to cooperate with the law enforcement agents regarding the white heroin distribution and network of Akande.

According to Agbele, Akande controlled the operation of white heroin from Nigeria in conjunction with other individuals in Nigeria and the U.S. One other individual who worked with Akande according to the affidavit was identified as Bola Tinubu who later became the governor of Lagos state from 1999 to 2007.

The investigation also revealed that in December 1989, Akande took Bola Tinubu to First Heritage bank where Bola Tinubu opened an individual money market. In the account opening application, Tinubu, gave his address as 7504 South Stewart, Chicago, the same address used previously by Akande and his company, Globe-Link. This is the same address used as the drop-off point for packages from Nigeria that contained the white heroin. According to bank records, Bola Tinubu also opened a joint checking account in his name and the name of his wife, Oluremi Tinubu. Mrs. Tinubu had previously opened a joint Bank account also in the same bank with Abdrey Akande, the wife of the heroin kingpin, Adegboyega Mueez Akande.

Upon opening the account, Tinubu deposited the sum of $1,000 in traveler's check. However, five days after opening the account, specifically, on January 4, 1990, Tinubu deposited the sum of $80,000 into the account.

According to the federal agent, in a credit application dated January 6, 1990, Bola Tinubu disclosed that he resided at 7504 South Stewart and that Mueez A. Akande was his cousin. Tinubu further stated that he was an employee of Mobil Oil Nigeria Limited, Fairfax, Virginia and his take home pay was $2,400 per month. Additionally, Tinubu stated on the application that he had no other sources of income and listed his wife, Oluremi Tinubu as co-applicant for the application for automobile loan. The loan was secured with the certificate of deposit in the amount of $10,000 which Tinubu had purchased with a withdrawal from the $80,000 deposit in his checking account.

According to the federal agent, Bank records from First heritage Bank disclosed that in 1990 alone, Bola Tinubu deposited $661,000 into his individual money market account and in 1993; he deposited the sum of $1,216,500 into the same money market account. The agent further avers that in 1991, Tinubu began opening accounts at Citibank in the section known as the world-wide personal banking unit where he transferred the sum of $560,000 from his money market account at the First Heritage Bank.

This development prompted the Federal agents to interview representatives from Mobil Oil regarding Tinubu's employment status and his take-home pay. The Mobil Oil representatives confirmed to the investigators that Tinubu was employed by the Mobil Oil as a treasurer. Mobil Oil further told the federal agents that this position did not involve the transfer of large amounts of money between banking institutions. Mobil oil representatives also stated that under no circumstance would Tinubu be permitted to retain money belonging to Mobil Oil in accounts bearing Tinubu's name. Finally, Mobil Oil confirmed that the corporation never had any accounts in banks in the southern suburbs of Chicago.

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On January 10, 1992, the federal agents obtained a court Order freezing Tinubu's accounts at First Heritage Bank and Citibank respectively. Thereafter, Tinubu contacted the First Heritage Bank to transfer money from his accounts and was advised that the accounts had been seized by the U.S Treasury.

On January 13, 1992, Mr. Moss, the Federal agent contacted Bola Tinubu in Nigeria by phone using a number provided to the First Heritage Bank by Tinubu himself. Mr. Moss averred that during the course of the interview, Bola Tinubu confirmed that he knew Mueez Adegboyega Akande. Tinubu further admitted during the interview with the federal agent that he had wire transferred $100,000 to Akande's bank account in Houston and that the $80,000.00 of the funds used to open the account at First Heritage Bank had come from Akande. Tinubu further admitted that he had other accounts in Fairfax, Virginia and London.

Concluding his affidavit evidence, Mr. Moss stated that with all these evidence, there was probable cause to believe that the funds in the accounts held by First Heritage Bank and Citibank, N.A in the name of Bola Tinubu represented property that was involved in narcotics transaction in violation of the U.S law. He therefore, urged the Court to issue an order of forfeiture of the funds.

After a protracted litigation in which Bola Tinubu claimed that the monies legitimately belonged to him, his wife, Oluremi Tinubu and his surrogate mother, one Alhaja Mogaji, Bola Tinubu finally opted for a stipulated settlement with the U.S government. According to the settlement Order dated September 15, 1993; Hon. Judge John A Nordberg ordered that the sum of $460,000 held by Bola Tinubu in The First Heritage Bank account be forfeited to the United States Government. The Court also ordered the release of the funds held in the Citibank account and any money held in excess of $460,000 at the First Heritage account to Bola Tinubu in line with the agreement and stipulation reached by Tinubu with the federal agents.

Ironically, this case came up at the peak of the struggle against the annulment of the June 12, 1993 presidential election by the Gen. Babagida-led military junta during which time Tinubu as a member and one of the leading financiers of the National democratic Coalition (NADECO) made several "pro-democracy" trips to the U.S ostensibly to press for U.S sanctions against the Nigerian junta. It is therefore doubtful whether most of those trips were actually connected with the June 12, struggle after all.

There’s no evidence that Tinubu was ever indicted for any crime.