Tag: ibadan

  • Frustrated ‘investors’ loot CBEX office in Ibadan

    Frustrated ‘investors’ loot CBEX office in Ibadan

    A group of angry investors stormed the CBEX office in the Oke Ado area of Ibadan, Oyo State, after the digital trading platform reportedly crashed, leaving many users with zero balances in their accounts.

    The mob forcibly entered the premises, looting furniture and office equipment.

    The incident was triggered by widespread frustration and financial losses among users who had invested in the platform.

    Videos circulating online show a large crowd at the office, with individuals removing items from the building.

    Many users shared their experiences on social media, expressing grief and anger over the loss of their investments.

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    Authorities were yet to release an official statement or confirm any arrests.

    The situation remains tense as investors demanded answers about the platform’s sudden collapse.

    The CBEX platform’s operational model has raised concerns, with allegations of fraud and deceptive practices coming to light.

    While it was introduced as a secure and transparent digital asset trading platform, the recent collapse and reports of users losing funds have sparked scrutiny. 

  • Millions destroyed as fire guts popular Ibadan market again

    Millions destroyed as fire guts popular Ibadan market again

    Araromi market, located inside Agodi, adjacent the Correctional Service on Thursday night, recorded another fire incident.

    The market is notable for sales of auto spare parts and accessories. Scavengers and those who live on dismantling vehicles also make a living from abandoned cars in the market.

    It was gathered not less than 12 shops with properties worth millions were destroyed in the latest fire incident.

    Eyewitness account states that the incident started at Block A, No 64 Mayegun Cement store around 10:55pm.

    The incident, which lasted for several hours, was attributed to surge in power supply to the area.

    Confirming the incident, General Manager of Oyo Fire Service, Yemi Akinyinka, said the agency received the distressed call at exactly 11:02pm.

    Akinyinka said: “The agency’s control room received the distressed call at exactly 23:02 hrs on Thursday, April 10, 2025 through telephoning and Mr Young to shop on fire at the above address.

    “The fire personnel led by CFS Jimoh promptly deployed to the scene of the fire incident. On arrival, we met some lockup shops well alight and we swiftly swung into action and restricted the fire from spreading to other nearby shops.

    “The fire affected 12 out of multiple numbers of shops and we were able to save property worth billions of naira in the market. The appliance returned to the station by 03:18hrs and on standby.” 

    There have been multiple fire incidents at Araromi Market, Agodi Gate, Ibadan in recent times.

    The Nation reports on January 14, 2023, a fire broke out at the market, gutting over 25 shops.

    Read Also: Three hospitalised as traders count losses from Ibadan market fire

    The fire started from one shop and spread to others due to the late arrival of the fire fighters. 

    The cause was attributed to scavengers burning disused tires, which ignited nearby combustibles.

    On December 20, 2024, another fire incident occurred with flames engulfing the market around 2 am. 

     The fire destroyed properties worth millions, and traders suffered heavy losses. 

    The cause of the fire was uncertain but early reports suggested it might have been triggered by an electrical fault.

    On March 30, 2025,  the market was engulfed in flames around 2 am. The fire destroyed properties worth millions and initial report didn’t give the immediate and remote cause of the incident.

    The incidents have resulted in significant losses with traders anyways clamouring for enhanced safety measures in the market.

  • Traders, business owners count losses as Oyo council demolishes shops in Ibadan

    Traders, business owners count losses as Oyo council demolishes shops in Ibadan

    Traders and business owners at Alegongo Market, Akobo, in Lagelu Local Government Area, Ibadan, Oyo State, were yesterday sent out of business, as their shops and business outlets were pulled down.

    The demolition, it was gathered, was on the orders of the council chairman, who had served a seven- day quit notice on the traders and shop owners. The ultimatum lapsed yesterday.

    The demolition, it was gathered, was carried out under the supervision of armed security operatives.

    During the exercise, which paralysed commercial activities, many shop owners tried to salvage the little they could from their belongings.

    The Nation reports that the traders had on Tuesday, in protest, marched on the Oyo State Government Secretariat, Agodi Secretariat, to solicit the help of Governor Seyi Makinde to help them appeal to the authority of Lagelu Local Government no to go ahead with the demolition.

    The affected shop owners, who carried placards and banners, arrived at the secretariat in the afternoon. They were full of pleas, urging Governor Makinde to intervene and prevent their expulsion from the shops, which, according to them, might deprive them of their livelihood.

    The traders, men and women, who were full of kind words and appreciation of the governor, said his intervention seemed the only grace that could save them and their businesses.

    The traders, who said their efforts to seek audience with the council chairman had been futile since the eviction notice was pasted on their shops about six days ago, added that all issues having to do with the ownership of the about 700 shops had long been resolved with the community leaders, who created the space for traders in the community.

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    Inscriptions on some of the placards read: “Alegongo Market: Market traders are begging our dear governor to please have mercy on us”, “We the masses are begging you our father”, “We are begging, please come to our aid”, “Your Excellency, we are begging you, please don’t let them demolish our shops”, among others.

    However, the local government authorities yesterday ignored the plea of the affected traders by demolishing shops and business outlets.

    Investigations by our correspondent showed that the government had earlier given an ultimatum to the affected traders and business owners, which lapsed yesterday.

    A resident in the area, who simply identified herself as Bimpe, said the exact reason for the demolition had not been made clear to the people.

    “Honestly, we are worried about the fate of our businesses and livelihoods, as this sudden demolition has caught us off guard.”

    One of the leaders of the traders, Mr Ajibola Keru, said although the government had the power to do whatever it deemed fit, traders, who had letters of allocation to use the space since about 20 years ago, expected that the local government would have called them to a meeting before just deciding on the demolition.

    A government official, who did not want his name in print, said: “The demolition is for the benefits of the residents and business owners, as the local government authority is only trying to modernise the area.

    “I am not authorised to speak to journalists. But one thing I know, it’s for the benefits of the masses. The local government wants to give it a facelift. I will only appeal to them to be patient with the government.”

  • Firm donates ICT equipment to Ibadan school

    Firm donates ICT equipment to Ibadan school

    A firm, Edge Tech Solution has donated computers to People’s Girls Grammar School, Molete, Ibadan.

    According to the Director of the firm, Dr. Seyi Akanbi, the donation was to provide ICT literacy opportunities for students to enhance their knowledge.

    Speaking while handling over the equipment to management of the school, Akanbi stated that computer is not just only important at this age but has became key aspect of living that people cannot do with.

    He stated that the earlier students have access to tools that enable them to have a hands-on experience, the better for them.

    He said the computers is not just going to enhance learning of the students but will also prepare them for the future.

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    According to him: “The future is right here, and if the future is right here, and our students do not have the right resources to optimize the future, I don’t know what can become of such a generation.”

    Speaking on state of education, Akanbi said: “Government needs to pay more attention to where the future is going, the trend and the patterns, and provide resources that will prepare the students for the future, so that by the time they get to the future, their experience will be better than our own.

    “When we graduated from school, we had little resources because we were not fully prepared. So we have to make sure that we intentionally provide resources, training and tools that will make these children to have a better future than what we have currently.”

    Principal, People’s Girls Grammar School, (Senior), Molete, Ibadan, Mrs Veronica Alabi thanked the donor for the gesture, saying the equipment will go along way in enhancing learning experience of the students.

    She assured optimal usage of the equipment, seeking partnership with the firm in future.

  • Fuel price reduction: Commercial drivers in Ibadan express relief

    Fuel price reduction: Commercial drivers in Ibadan express relief

    Some commercial motorists in Ibadan have heaved a sigh of relief at the reduction of the pump price of petrol.

    However, speaking with the News Agency of Nigeria (NAN) on Thursday, the motorists asked for a more significant reduction to increase their purchasing power.

    A commercial motorcyclist, Ismaili Olamilekan, said the price drop is about N100 per litre.

    “While some filling stations are still selling between N930 and N950 per litre, others are selling between N870 and N890.

    “I usually buy fuel where it is cheaper, but we pray that it will be sold between N400 and N500 per litre. This is what we are praying for.

    “Before the reduction, if I buy N1,500 worth of fuel, it doesn’t serve me well, but now, I see an appreciable gain,” Olamilekan said.

    A taxi driver, Mr Waheed Ajasa, says he now buys petrol at N870 or N875, whereas some filling stations sell at N940 or N945.

    “At Moniya area of Ibadan, the latest price is either N865 or N870.

    “We have seen some positive changes in our business due to this,” he said.

    The taxi driver, however, said the reduction was not significant enough to cause transportation fare to drop.

    Similarly, a commercial tricyclist, Mr Abdulamin Mustapha, said the situation had brought a notable difference in the transportation business.

    Mustapha, celebrating the reduction, said the public would have complained if the price had increased by N5.

    “So, we are happy that the story is about reduction. We thank God.

    “We want the government to ensure its continuous decline to improve the economic situation.

    “Although there is no uniform price for petrol, it seems that N870 is gaining ground and will soon cut across all the filling stations.

    “We are having it good now as we are enjoying the increase in the gain we make in this business,” he said.

    Nevertheless, another taxi driver, simply identified as Otunba, said the fuel pump price was still too expensive.

    Read Also: NNPCL: No fuel price reduction

    According to him, it has not been supporting the transportation business.

    “We buy at N870 or N875, and it is still not okay to make good income as most of the money made is spent on the buying of fuel.

    “With 10 litres of fuel, you cannot go more than three turns; going and coming.

    “This is a shortage compared to when the fuel was not this expensive.

    “We want the price to be further reduced.

    “Though the people are already clamouring for a reduction in transport fare, this cannot happen yet because there has not been a huge reduction in fuel pump price,” Otunba said.

    Meanwhile, an anonymous taxi driver frankly said the economic situation of Nigeria needed to improve for the respite of every Nigerian.

    (NAN)

  • Petrol tanker explosion claims two in Ibadan

    Petrol tanker explosion claims two in Ibadan

    No fewer than two person on Tuesday died in an accident beside Total filling station, Orita-Challenge, in Ibadan, the Oyo State capital.

    The Nation gathered the unidentified victims died when the tanker carrying Premium Motor Spirit (PMS) also known as petrol exploded.

    The fire incident was said to have occurred as a result of break failure when the tanker driver was trying to negotiate the roundabout.

    The tanker hit the concrete, somersaulted and caught fire, it was gathered. 

    Confirming the incident, the General Manager, Oyo State Fire Service Mr Yemi Akinyinka said: “The fire incident was reported at exactly 05:01 on Tuesday 4th March, 2025.

    “Immediately, the address was taken, the fire personnel, led by ACFS Olubunmi Christy was promptly deployed to the scene of incident.

    “On arrival, it was a falling petrol tanker in front of a petrol station. We swiftly swung into action.

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    “The foam chemical compound was applied and the fire was put under control within a short period. The driver and motor boy of the truck were burnt, recovered and handled over to the FRSC and conveyed to the hospital.

    “The Sumal Food Limited firemen were also in attendance to assist. The agency’s personnel are still at the scene doing cooling so as to completely extinguish the fire.

    “The fire incident was as a result of break failure when the driver was trying to negotiate the roundabout, in front of Total Filling Station and hit the concrete, somersaulted and caught fire.”

  • Ibadan is taking a new shape

    Ibadan is taking a new shape

    I live in Ibadan and the Redemption City and sometimes for weeks I stay away from Ibadan because of unavailability of electricity in my area, sometimes for weeks, and to God be the glory for the spiritual and physical light available to us in the Redemption City, by the grace of God and the leadership of Pastor Adejare Adeboye. Yet my area is supposed to be in a low density area not far from Bodija, the first planned town in Nigeria after independence. The hellish heat these days makes life almost unbearable for people particularly elderly people. This is despite having a generator which does not really solve the problem because of the astronomical cost of fuel whether petrol or diesel. I have not yet tried solar option which is what some of my colleagues have adopted. Perhaps I will try solar devices when I am able to afford the cost.

    I know my readers will probably say look at this old man talking about solar options when people are not able to afford the cost of food necessary for survival. I plead guilty and I agree I bear, alongside people of my generation, vicarious responsibility for the way the country has been run down all these years but in our old age, we deserve some comfort for some of our positive contributions in the past.

    I can mention a thousand things and many risks taken by some of us to advance the national interest. Some of our young people may say that writing about the new looks of Ibadan is not worth celebrating because they should be regarded as ordinary events because they take place in all countries including African countries. Road construction and channelization should be regarded as routine. But when they are not routine in our clime, it is worth celebrating.

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    This preamble is necessary for me to be able to put in context the recent efforts of the Oyo State government because I have had reasons to be critical of the government before and it is just fair to applaud the government when it is doing well.

    A visit to Ibadan today will confirm the fact that Governor Seyi Makinde is in name and indeed, the executive governor of Oyo State. I sometimes laugh when a sitting governor is introduced as the executive governor of his state which I always dismiss as error of tautology but in the case in hand, the governor is really the executive governor just as any performing governor deserves the heavy duty description as “executive governor”.  Entering Ibadan from Lagos through the Alhaji’s Arisekola Road and driving towards Molete, one is confronted with digging of gutters at the intersection of Felele and Molete where for years there had been some kind of spring that floods the road perennially in wet and dry seasons. This is the section connecting the road to late Lamidi Adesina’s house at Felele which he refused or could not fix while he was governor of Oyo State. It seems the government is determined to fix it once and for all.

    From this point to Saint Anne’s School, heavy drainage equipment is at work digging deep gutters on both sides of the road. I pray this will be extended to all parts of the state capital and to all major towns like Ogbomosho and Oyo. Any government that can do this kind of work deserves to be commended. While on this road project, may I appeal to the Oyo State government to extend its revolutionary approach to road construction to the road linking Molete with Ibadan Grammar School and Saint Luke’s College going on to Saint David Cathedral in Kudeti. This road, for historical reasons, deserves to be fixed as a symbol of CMS contribution to the education and development of Ibadan. Government should look into the possibility of combined redevelopments of Saint Luke College and Ibadan Grammar school as a comprehensive technical college for training young people for the future industrial development of Oyo State.

    The importance of street lights in Ibadan should be highlighted. There is need for Ibadan to have a night economy. It’s wasteful for a huge city like Ibadan to go to bed at seven O’ clock because that’s when the sunlight goes out. Government can double the economy of the city by lighting up the city if the government can provide electricity outside the present electricity generation mechanism.

    There is also need for strict enforcement of traffic lights in the city. Government should also consider the tolling of some of the roads so that money will always be available for their maintenance. This is also the time to begin to plan the planting of trees and turning all our roads into avenues. This was the case with all major roads in Ibadan and in such places like Kano, and Maiduguri until some military governors decided to cut down the huge neem trees under the guise of beautification with streets lights! How could any sane person have done this in the Sahel towns of Kano and Maiduguri! Yes it was done while we all looked on in silent awe! We have to bring back the neem trees. Incidentally the leaves of the neem trees were potent cure for malaria when boiled and squeezed into juice.

    The government of Engineer Seyi Makinde should embark on proper and simple street numbering of Ibadan away from its present antediluvian confusing numbering.

    Let’s make Ibadan great again. I remember when we were young during the golden days of the old Western Region, Ibadan did not accept inferior status to Lagos the federal capital and those of us still in school basked in the glory of Ibadan. Ibadan has remained the capital city of Yoruba land with millions making the city their homes even if they had homes in their villages in Ekiti, Osun, Ondo, Ogun, Lagos and even Kwara and Kogi states because of their ethnic consanguinity with Oyo State people. There were of course people from all over Nigeria because of the presence of an institution like the University of Ibadan and the historical connection of the people from the present Edo, Delta and Bayelsa with the city of Ibadan from where they were administered. Those were the days and thinking of those days makes old people like us wonder if the creation of states was really worth the effort and the excitement that went into the splitting of Nigerian humanity into the present puny states only useful to the looters who have benefited from the division which, looking backward, amount to destruction of what could have been important blocks of national unity.

  • Businessman wins 21-year legal tussle over property in Ibadan

    Businessman wins 21-year legal tussle over property in Ibadan

    An Ibadan businessman, Pelumi Foluwasho Ojo, has won a 21-year  legal tussle on the rightful owner of a property situated at No1, Lebanon Street, Dugbe, Ibadan.

    Justice Muftau A. Adegbola of the Oyo State High Court 4 on Wednesday ruled that the owner of King Zion Ventures Ltd, late (Pastor) Peter Asha failed to present any document to show that the property belongs to him.

    The court dismissed all the claims of the defendants, and granted all reliefs of the claimant (Pelumi Foluwasho Ojo) as the rightful owner of the property on No 1, Lebanon Street, Dugbe Ibadan, where Pelly Foam is situated.

    In 2006, the owner of Pelly Foam, one of the occupants of the said property was attacked by some thugs allegedly loyal to a late political warlord. 

    Pelly Foam went to court to challenge the attack. 

    According to the Court on Wednesday, there are no recital to show that Olubadan ceded the land to the defendant or that indeed it has any link to the land.

    The court dismissed the claim of the defendant that was claiming rightful owner of the property situated at No1 Lebanon Street, Dugbe Ibadan.

    The Court said exhibit ‘Q’ and ‘E’ tendered by the defendant, (King Zion Ventures Ltd.) were not registered. 

    Speaking with journalists after the judgement, one of the Lawyers to the defendant, (Pelumi Foluwasho Ojo) Barrister S.Oyedele Sanni said his client got judgement on the property situated at No 1, Lebanon Street, Dugbe, Ibadan because the documents submitted to court as exhibits by King Zion Ventures Ltd were not registered. “And the exhibits therefore cannot confer titles on any property. 

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    “On our part, the documents submitted by us as exhibits were registered. We got the documents after the demarcation of the local government which ceded the property to Ibadan North West, where Pelumi Foluwasho Ojo got his documents, which were registered.

    “The Court ruled that Exhibits ‘Q’ and ‘E ‘ which is their own titles were not registered and did not specify where their property was situated. 

    “The court further said that defendant failed to include or present the site plan and recital that indicated that Olubadan gave them the landed property.

    “The court therefore granted all our reliefs that the land belongs to us”, Barrister Sanni said.

  • One abducted in Ibadan

    One abducted in Ibadan

    Kidnappers demand N100m ransom

    Suspected kidnappers at the weekend abducted a worker of a popular Ibadan based agro-industrial firm.

    The kidnappers are said to have made a demand of N100million ransom from the company to secure the release of the staff member.  It was gathered that the incident happened on Friday when four of the company’s staff members were returning from the company’s farm, at Onigaari village area on the Ibadan-Ijebu-Ode Road, Ibadan.

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    A source who is privy to the incident said four of the company’s staff members left the farm about 5:30pm on the fateful day after completing the day’s work. They were said to be travelling in a Hilux vehicle when the gunmen opened fire on them, having laid ambush on the way.

    According to the source, while three of the farm workers sustained gunshot injuries, the kidnappers abducted one that was not injured.

    He was said to have been moved to an unknown location since then.

  • Gunmen kill man near popular lounge in Ibadan

    Gunmen kill man near popular lounge in Ibadan

    A yet-to-be-identified man was shot dead on Sunday, February 2, 2025, a few blocks away from a popular lounge in Bodija, Ibadan, Oyo State.

    Confirming the incident, the spokesperson of the Oyo State Police Command, Adewale Osifeso, said an immediate investigation has been launched. 

    According to him, the case has been transferred to the Homicide Section of the State Criminal Investigation Department (SCID), Iyaganku, with a Deputy Commissioner of Police leading the probe under the directive of Commissioner Sonubi Ayodele.

    Osifeso also clarified that no police officers were involved in any killings and that no student fatalities were recorded before, during, or after the dispersal of onlookers from the crime scene.

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    He said, “Also worthy of note, is that the swift presence of Police at the scene minutes after it was reported was to maintain law and order and not to further increase the pandemonium as reported by some spaces on social media where they claimed that the Police accidentally shot and killed an onlooker (Student) during the dispersal.

    He however said normalcy has since returned to the area with adequate deployment of operational and intelligence Command assets to prevent an hijack of the scene by hoodlums.

    “Further updates about the investigation would be communicated accordingly, please.”