 |
| The New Alade Market being planned |
The
Lagos State Government said on Sunday that there was no going back on
the redevelopment of the Alade Market in Ikeja, into a N6.9billion
mega-shopping mall.
The News Agency of Nigeria (NAN) reports that the contract for the
redevelopment of the market was in 2010 granted to Master Reality
International Concepts Ltd, which is investing N6.9 billion on the
project under a 30-year concession on a Build, Own and Transfer (BOT)
basis.
But on Sunday morning, traders in the market prevented the
concessionaire from commencing the redevelopment work at the market,
citing non-provision of an alternative market for their action.
Consequently, the concessionaire forcibly deployed its men and shut
down the market, taking possession, to begin the redevelopment in
accordance with the Memorandum of Understanding (MoU) that was signed in
2010.
The intervention of the Executive Secretary of Ikeja Local
Government, Mr Adekunle Adeokun, led to the re-opening of the market as a
15-man committee had been set up to fashion out the relocation of the
traders to a new market, built for them beside the main market.
Adeokun, who spoke on behalf of the state government and the council
which approved the upgrade of the market, said the redevelopment of the
market into a mega mall was not negotiable, adding that the traders had
to pave way for the contractor to move to site.
 |
| The old Alade Market to be demolished |
He said most of the traders kicking against the project were not the
original shop owners and that the contractor had invested money on the
project since the MoU was signed five years ago.
Adeokun explained that since the money must be paid back, the project must be completed on time.
Also speaking on the development, the Managing Director and Chief
Executive Officer, Masters Reality International Concepts Ltd, Lai
Omotola, said the company came to take possession of the property in a
bid to commence its redevelopment.
He explained that since the traders had been unwilling to leave the
market for redevelopment, the action of the company became inevitable. “On Aug. 12, 2010, we signed a concession with the Ikeja Local
Government under a BOT arrangement to redevelop Alade Market into a mega
mall, to meet the standard of a mega city. For the past five years, we have been meeting with the marketers to
move them to another place we have built for them and they have refused
to move, saying they were not okay with the alternative provided,” he
said.
According to him, with the recent plan by the Central Bank of Nigeria
(CBN) to publish the names of debtors in the nation, there is need to
move to site to start the project.
He explained that the company’s cash-flow had been affected as the lender banks were becoming impatient to get their money back.
Omotola said a foreign cash-inflow of $50 million was obtained in
2013 with the exchange rate then pegged at N175 to a dollar, but
lamented that the exchange rate had skyrocketed to N195 to the dollar.
Omotola added that if all things went on as planned, the the project
would be completed between 18 and 24 months, adding that the company
had the plan to build another 130 shops aside the 194 already built, to
move the traders to pave way for the project.
Qatar bans Nigerian
travellers over polio
⌂Back To Homepage
Subscribe To RSS Feed
Qatar bans Nigerian travellers over polio
August 02
12:31
2015
Print This Article
Share it With Friends
👤by Fredrick Nwabufo
0 Comments
29
Advertisement
Qatar has banned Nigerian travellers who do not have valid polio
vaccination certificate from entering the country.
According to the Federal Capital Territory administration, the
Department of State Service (DSS) drew its attention to a report that
Qatari authorities had resolved to ban all Nigerian citizens travelling
to the country without valid certificate of vaccination against polio
with effect from June 29.
The report said the ban was a precautionary measure to guide against the
spread of the disease in that country.
“In view of the above, John Obinna Chukwu , FCT permanent secretary,
wishes to intimate all stakeholders and intending
travellers, particularly those resident in the FCT on the need to obtain
duly signed and stamped yellow book on polio and other communicable
diseases,” a statement issued by the FCT administration on Sunday said.
“Chukwu reiterated that obtaining of this yellow book on polio and other
communicable diseases is very necessary to avoid embarrassment at the
port of entry into the country.”
Qatar is an Arabian country in southwest Asia. Its capital is Doha which
is also the largest city.
The country is ruled by Tamim bin Hamad bin Khalifa Al Thani, a
35-year-old monarch known as ‘emir’.
Read more at: https://www.thecable.ng/qatar-bans-nigerian-travellers-polio
Qatar bans Nigerian
travellers over polio
⌂Back To Homepage
Subscribe To RSS Feed
Qatar bans Nigerian travellers over polio
August 02
12:31
2015
Print This Article
Share it With Friends
👤by Fredrick Nwabufo
0 Comments
29
Advertisement
Qatar has banned Nigerian travellers who do not have valid polio
vaccination certificate from entering the country.
According to the Federal Capital Territory administration, the
Department of State Service (DSS) drew its attention to a report that
Qatari authorities had resolved to ban all Nigerian citizens travelling
to the country without valid certificate of vaccination against polio
with effect from June 29.
The report said the ban was a precautionary measure to guide against the
spread of the disease in that country.
“In view of the above, John Obinna Chukwu , FCT permanent secretary,
wishes to intimate all stakeholders and intending
travellers, particularly those resident in the FCT on the need to obtain
duly signed and stamped yellow book on polio and other communicable
diseases,” a statement issued by the FCT administration on Sunday said.
“Chukwu reiterated that obtaining of this yellow book on polio and other
communicable diseases is very necessary to avoid embarrassment at the
port of entry into the country.”
Qatar is an Arabian country in southwest Asia. Its capital is Doha which
is also the largest city.
The country is ruled by Tamim bin Hamad bin Khalifa Al Thani, a
35-year-old monarch known as ‘emir’.
Read more at: https://www.thecable.ng/qatar-bans-nigerian-travellers-polio
Qatar bans Nigerian
travellers over polio
⌂Back To Homepage
Subscribe To RSS Feed
Qatar bans Nigerian travellers over polio
August 02
12:31
2015
Print This Article
Share it With Friends
👤by Fredrick Nwabufo
0 Comments
29
Advertisement
Qatar has banned Nigerian travellers who do not have valid polio
vaccination certificate from entering the country.
According to the Federal Capital Territory administration, the
Department of State Service (DSS) drew its attention to a report that
Qatari authorities had resolved to ban all Nigerian citizens travelling
to the country without valid certificate of vaccination against polio
with effect from June 29.
The report said the ban was a precautionary measure to guide against the
spread of the disease in that country.
“In view of the above, John Obinna Chukwu , FCT permanent secretary,
wishes to intimate all stakeholders and intending
travellers, particularly those resident in the FCT on the need to obtain
duly signed and stamped yellow book on polio and other communicable
diseases,” a statement issued by the FCT administration on Sunday said.
“Chukwu reiterated that obtaining of this yellow book on polio and other
communicable diseases is very necessary to avoid embarrassment at the
port of entry into the country.”
Qatar is an Arabian country in southwest Asia. Its capital is Doha which
is also the largest city.
The country is ruled by Tamim bin Hamad bin Khalifa Al Thani, a
35-year-old monarch known as ‘emir’.
Read more at: https://www.thecable.ng/qatar-bans-nigerian-travellers-polio
Qatar bans Nigerian
travellers over polio
⌂Back To Homepage
Subscribe To RSS Feed
Qatar bans Nigerian travellers over polio
August 02
12:31
2015
Print This Article
Share it With Friends
👤by Fredrick Nwabufo
0 Comments
29
Advertisement
Qatar has banned Nigerian travellers who do not have valid polio
vaccination certificate from entering the country.
According to the Federal Capital Territory administration, the
Department of State Service (DSS) drew its attention to a report that
Qatari authorities had resolved to ban all Nigerian citizens travelling
to the country without valid certificate of vaccination against polio
with effect from June 29.
The report said the ban was a precautionary measure to guide against the
spread of the disease in that country.
“In view of the above, John Obinna Chukwu , FCT permanent secretary,
wishes to intimate all stakeholders and intending
travellers, particularly those resident in the FCT on the need to obtain
duly signed and stamped yellow book on polio and other communicable
diseases,” a statement issued by the FCT administration on Sunday said.
“Chukwu reiterated that obtaining of this yellow book on polio and other
communicable diseases is very necessary to avoid embarrassment at the
port of entry into the country.”
Qatar is an Arabian country in southwest Asia. Its capital is Doha which
is also the largest city.
The country is ruled by Tamim bin Hamad bin Khalifa Al Thani, a
35-year-old monarch known as ‘emir’.
Read more at: https://www.thecable.ng/qatar-bans-nigerian-travellers-polio