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    Plans are underway to complete fertilizer, railway projects in Ghana – Afreximbank

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    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    President and Board Chairman of Afreximbank, Prof Benedict Oramah

    Plans are underway to complete fertilizer, railway projects in Ghana – Afreximbank

    Free SHS and other programs must be redesigned now – Seth Terkper

    KGL Group hosts Nigeria Lottery Regulatory Commission CEO Mr. Lanre Gbajabiamila

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    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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Nigeria: Alade Market – Developer Denies Invading Market With Thugs

bycitibusinessnews
July 18, 2016
in Africa, West Africa
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The private developer of Alade Market, Lagos, has debunked claims that he invaded the market with armed thugs to harass traders.

Lai Omotola, the Managing Director of Master Reality International Concepts Ltd, said in a statement Sunday that the traders accusing him of forceful eviction were not genuine ship owners in the market.

“There was never a case of invasion into the Alade Market or forceful ejection of traders and shop owners from the market,” said Mr. Omotola, the concessionaire of the soon-to-be-built Alade Shopping Mall.

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“Rather, series of dialogue and peace meetings were held among three key parties: Ikeja Local Government, Association of Alade Market Men and Women and the concessionaire.”

The Ikeja Local Government in 2010 concessioned the market to Mr. Omotola’s company to invest N6.9 billion for a 30-year project on a Build, Own, and Transfer (BOT) basis.

Some traders, last Friday, alleged that the developer used armed thugs to invade the market to harass them into moving out.

In an open letter to Governor Akinwunmi Ambode, last Wednesday, Jiti Ogunye, a lawyer, accused the Ikeja Local Government of conniving with Mr. Omotola to replace the market with a shopping mall through the backdoor.

Mr. Ogunye, counsel to a traders’ association in the market, said council officials had continued to forcefully eject traders from their stalls despite a pending lawsuit.

“The issues of whether our clients could be relocated from the said land is part of the issues being currently litigated at the High Court of Lagos State, Ikeja Judicial Division,” said Mr. Ogunye.

“It will, thus, amount to a grave abuse of rule of law to resort to self help while the issues are being tried before a competent court of law that is adjudicating the matter.”

In his reaction, Mr. Omotola acknowledged that an Ikeja High Court ordered all parties to maintain status quo ante until the substantive suit was determined, noting that the court made the order at the time the concessionaire had started work on the project site.

“The order did not affect our construction work,” he said.

“There is no case of contempt here. Also, the court rejected an application in which the concerned traders were seeking to restrain us from executing the project. But the court did not grant the application.”

Mr. Omotola said peace meetings between key market stakeholders had yielded “enviable results,” adding that parties had agreed that an alternative market should be built to avoid undue disruption of commercial activities of the traders.

“In line with the resolutions of the peace meetings, the alternative market has been fully constructed,” he said.

“It was constructed at a location about 100 metres away from Old Alade Market with more parking lots, central generators, modern toilets, safe and secure environment and unhindered access & exit.

“After completing the alternative market, a group of concerned traders suddenly rose against the relocation of old Alade Market.

“The concerned traders are not shop owners in old Alade Market. They only rented shops from the original allotees and real tenants of the Ikeja Local Government.

“So, the concerned traders are never legal occupants of the market because there was never tenancy agreements between the local government and these traders.

“So, they lack legal grounds to either sue the parties or protest the relocation of the market.”

Mr. Omotola said “only 49 traders who never rented shops” from the Ikeja Local Government are the ones working against his project.

“We will not succumb to any blackmail from any quarters,” he said.

–

Credit: All Africa

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