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Southwest Plans 44-Town Rail Network, Seeks Law Review

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The Director-General of the Development Agenda for Western Nigeria, Mr Seye Oyeleye, has said the region will build railway to link 44 cities and towns in the six South-West states.

Oyeleye said the 1955 Railway Act which allowed only the Federal Government to build railway as an impediment to this vision, but stated that the DAWN had started “engaging the right people” on this.

Although he did not disclose when the project would begin, he said it would be done in no distant future.

Oyeleye said the fact that the Western Nigeria Security Network codenamed Amotekun happened despite the initial objections was enough to convince anybody that the railway project would also built in the South-West.

He said oil revenues were fast dwindling and each if the region must think creatively to shore up their earnings.

Oyeleye also lauded the railway track being built by the Federal Government between Lagos and Ibadan, saying the project would further boost the economy of Oyo State and even the neighbouring states.

He stated that investors would no likely go to places that were not accessible.

“We need a country that is structured along the line of development. Nigeria needs to restructure in line of development. With the revenue sharing formula that we operate now, the state’s will perpetually be under the Federal Government.

“If railway track is built to connect the South-West, 44 cities and towns will be connected and those that designed it for us said when the project is done, the gross domestic product of this region will rise by over 50 per cent. We need to confront everything that is not making this possible.

“We have tied ourselves to a constitution that is hindering development and this must change. It is in the interest of Nigeria that the South-West region should develop. If the region is developed, the Federal Government will make more money from here.”

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Amaechi On Crutches: His Associate, Eze Clarifies Air

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Comments have continued to trail trending photos which captured the Hon. Minister of Transportation, Rt. Hon. Chibuike Amaechi, walking with the aid of crutches during the commissioning of an orphanage home and Arabic School in Kaita Local Government Area of Katsina State on Friday.

While details of the circumstances surrounding the Ministers sudden reliance on a walking aid seem sketchy, some Nigerians who gloated over the photos said the Minister may be suffering from an ankle sprain while others concluded that he may be having either plantar fascitis, hemiplegia scissors gait or motor neuron lesion and prayed for his speedy recuperation.

Reacting to the development, chieftain of the All Progressives Congress, erstwhile National Publicity Secretary of the defunct New Peoples Democratic Party (nPDP) and a close associate of Amaechi, Chief Eze Chukwuemeka Eze commended Nigerians for their deep concern but however dismissed comments linking the Minister’s use of crutches to either hemiplegia scissors gait or planter fascitis adding that Amaechi is neither suffering from knee arthritis, nor lower motor neuron lesion, describing such assertions as unfathomable.

In a statement made available to media houses, Chief Eze said many Nigerians and people of goodwill have expressed very dreadful concerns seeing Minister Amaechi walk with crutches while on official duties and as a result, have flooded his cell phone lines trying to enquire the state of health of Nigeria’s decade best Minister and why he is relying on a walking aid.

The party chief said he was however prompted by public concern to engage the Minister, who confirmed the verisimilitude of the trending photos, Sunday morning and said he had a hairline fracture but assured he is getting pretty better.

In a conversation with Eze, Amaechi was quoted as saying thus: “…I had a hairline fracture on 31st December, 2020 but I have been working with it all these weeks before the public pictures showing me with crutches. Nobody should express any fear as my Doctors are on top of it”.

Eze noted that walking and working in pains and crutches simply demonstrates the patriotic zeal and commitment of the Minister in contributing towards rebuilding Nigeria to suit the fancy of the founding fathers of our nation.

Notwithstanding, the party Chief appealed to President Muhammadu Buhari to direct Amaechi to rest a little while and allow for a quick recovery from the painful fracture because according to him, Amaechi with his level of patriotism, is ready to risk his life in the service of the Nigerian nation.

While calling on Nigerians to continue to remember the Minister in their prayers especially, for his total recovery, Eze condemned those celebrating the temporary inconvenience involving the Minister describing them as satanic.

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Abia Governor Warns Transport Officers To Shut Proposed Protest

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Abia State Government, on Sunday, said the state will not tolerate any has uncovered plots by members of the National Union of Road Transport Workers (NURTW) and Self Acquired Tricycle Owners Association (SATOA), led by Mr Eugene Job to unleash mayhem on the people of the State under the guise of a protest against the ban on activities of the two groups.

The State government in a statement signed by its Commissioner for Information, John Okiyi Kalu, strongly warned that the government will hold Mr Eugene Job responsible for any breakdown of law and order in the State under whatever guise.

Kalu noted that security agencies in the State have been placed on alert to ensure the protection of law abiding citizens and residents, as well as arrest and prosecute anyone involved in the planned unlawful protest.

”Government will not fold its arms and watch any individual or group of individuals disturb the peace of the State and will deploy the full weight of the law against those wishing to place their selfish interest above the collective interests of the people of the State,” he said.

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Peace Mass Transit Acquires 55.82% Ordinary Shares Of C&I Leasing Plc.

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C&I Leasing Plc has announced that Peace Mass Transit has purchased 313,326,316 units of the Neoma Africa Fund L.L.C. (formerly Aureos Africa Fund, L.L.C.) unsecured variable coupon redeemable convertible loan stock in registered units of N4.75 each or its US$ equivalent in C&I Leasing Plc.

This was disclosed by the company in a statement issued and signed by the Company Secretary, Mbanugo Udenze & Co. When fully converted, the loan stock will result in the issuance of 987,500,000 (Nine Hundred and Eighty-Seven Million and Five Hundred Thousand) Ordinary Shares of the Company.

This will represent 55.82% of the issued shares of the Company.

The Company, in the issued statement available on the NSE, argued that: “the transaction will strengthen the capital base of The Company and improve the clarity of the capital structure.”

The Company also notes that: “the acquisition is highly beneficial to the company as the need for a possible redemption of the Notes, with the company’s cash resources, has been eliminated.”

Shareholders approved the Conversion of the Notes to ordinary shares at an Extraordinary General Meeting held on 3rd November 2020.

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