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Sanwo-Olu: Delivering on THEMES developmental agenda

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It is over two years that a successful banker and seasoned administrator, Mr. Babajide Sanwo-Olu took over mantle of leadership as the 15th Governor of Lagos State. Sanwo-Olu, who was once a three-time commissioner and Managing Director/CEO of the Lagos State Development and Property Corporation (LSDPC), took the oath of office along with his deputy, Dr. Obafemi Hamzat on May 29, 2019.

Governor Sanwo-Olu, in his inauguration speech, spoke passionately on his plans for Lagos State, especially his dream of a ‘Greater Lagos,’ anchored by a six-pillar THEMES developmental agenda.

Governor Sanwo-Olu is passionate about Lagos and his vision for the Centre of Excellence has made him to deliver good governance and dividends of democracy to millions of Lagosians within his 834 days in office. With massive support and cooperation from his deputy, Dr. Hamzat and other members of the State Executive Council as well as major stakeholders in Lagos State, Governor Sanwo-Olu has taken Lagos to a greater height.

Governor Sanwo-Olu has shown leadership in managing the affairs of Lagos State and protecting the citizens of the state, especially during the COVID-19 pandemic. Since Lagos became the epicenter of the pandemic in Nigeria in February 2020, the governor has been up to the task assuming the position of Incident Commander and ensuring that the pandemic is well managed in Lagos State and today, Nigerians have a relief from the deadly virus as infections rate has reduced drastically going by daily account of the Nigeria Centre for Disease Control (NCDC).

Apart from COVID-19 pandemic, Lagos was also hit last year by massive destruction of properties worth billions of naira destroyed during last year’s #EndSARS protests hijacked by hoodlums. Despite these challenges, Governor Sanwo-Olu took the bull by the horn to put Lagos on the path of success through the Lagos Rebuild initiative.

Governor Sanwo-Olu, who seems to be very conscious of the number of days and years he is constitutionally allowed to spend in office as a democratically elected Chief Executive of the Centre of Excellence, believes that his mid-term in office must be marked with visible and iconic projects that will cut across all the sectors itemised in the THEMES’ developmental agenda, despite the negative impact of the global COVID-19 pandemic and the #EndSARS protest that almost grounded Lagos as a results of hoodlums hijacking peaceful agitations by Nigerian youths.

Speaking at the “2021 State of the State Address” held at the Lagos House, Ikeja on Thursday May 27 in commemoration of his second year in office, which was attended by his deputy, Dr. Obafemi Hamzat, members of his cabinet, traditional rulers, political gladiators, captains of industries and media executives, among others, Governor Sanwo-Olu said the Greater Lagos collectively envisioned by Lagosians is closer now than ever before.

Traffic Management and Transportation

The Babajide Sanwo-Olu administration has developed a reliable intermodal system of transportation by investing heavily in waterways and light rail transportation system as well as road transportation to make life easy for Lagosians.

The State Government has reduced traffic congestion in different parts of Lagos by resolving key gridlock points, maintenance of road infrastructures, decongestion of traffic by connecting more communities with new link roads and bridges, provision of intelligent transport systems to optimise the transport network and completion of ongoing strategic transport projects in rail, water and road. The administration has developed Lagos Bus Reform Initiative, which is designed to provide comfortable and reliable bus service for commuters. Governor Sanwo-Olu, few months ago commissioned 500 First and Last Mile Buses to ease transportation system in Lagos. The incumbent administration also has a success story in the water transportation.

In works and infrastructure, the Babajide Sanwo-Olu administration within two years delivered 51 iconic projects in Lagos State. Among the iconic projects are Pen-Cinema fly over, ramp and road networks at Lagos-Ogun boundary and other parts of the State. The administration also constructed and rehabilitated 301 inner roads in the 20 Local Government Areas and 37 Local Council Development Areas (LCDAs). It also commissioned the Oshodi-Abule Egba BRT lane and rolled out hundreds of buses plying different routes in Lagos State.

Health and Environment

Babajide Sanwo-Olu’s administration has also made significant impact in touching the lives of millions of Lagosians in the areas of health and environment, which is the second pillar of the THEMES developmental agenda. The incumbent government in the last two years, believes that nothing should be spared to give Lagosians quality health care. It has made a lot of intervention in the health sector for Lagos residents to feel the presence of the government, especially during the COVID-19 pandemic.

The proactive and efficient management of the COVID-19 pandemic by Lagos State Government has been adjudged as the most significant achievement of the Health and Environment pillar of the THEMES development agenda. 

The State has also witnessed improved capacity and capability in area of infrastructure and personnel. Aside from the comprehensive renovation of medical facilities at Ebute-Metta Health Centre, Harvey Road Health Centre, General Hospitals at Odan, Isolo and Ketu-Ejinrin, the State has also developed new facilities, such as the New Massey Children Hospital, New General Hospital in Ojo, and a Rehabilitation and Mental Health facility in Ketu Ejinrin.

The State Government is also building a 300-bed Isolation Centre and a Research Institute at IDH, Yaba. The administration recently commissioned three Oxygen Plants and new Doctors’ Quarters built at Gbagada and Isolo. The administration has also improved maternal and child health care in Lagos State, with the inauguration of the Mother and Child Centres (MCCs) in Eti-Osa, Igando, Badagry and Epe.

In the Environment, the Babajide Sanwo-Olu administration within two years in office has invested significantly in the waste collection capacity of LAWMA. It has also increased the capacity of PSP operators from 320 compactor-trips to 720 compactor-trips daily, and commissioned a mini-effluent treatment plant to determine waste toxicity before release into the atmosphere. The administration has also made significant improvement in Drainage management and maintenance.

Education and Technology

Education and Technology is the third pillar in the THEMES Agenda of the Babajide Sanwo-Olu administration and since his assumption in office on May 29, 2019, Governor Sanwo-Olu has never paid lip service to education in the State.

The incumbent administration has completed more than 1,097 school projects in just two years. It built six Secondary Schools, provided over 100,000 tables and chairs, built 450 classrooms and provided 2,000 hostel beds in model schools. It also introduced EKO EXCEL – an education reform programme targeted at developing highly skilled teachers through training, support and motivation. The EKO EXCEL initiative has reached about 1,009 schools, 13,000 teachers and 450,000 pupils.

Since the inception of the administration, over 2,000 teachers have been recruited for public secondary schools. It has also stretched the opportunity for continuous learning with the establishment of additional 21 Adult Literacy Centres, which took the number of such centres in Lagos State to 1,284.

It is also worthy of note that the global ranking of Lagos State University (LASU), the state-owned tertiary institution has gone up. It is a reflection of the level and quality of support provided to tertiary institutions in Lagos State by the incumbent administration. LASU moved to prominence, and occupies a regal position in the hierarchy of universities in Nigeria. Like LASU, other Lagos State-owned institutions have received both ample materials and financial support that have adequately strengthened their operations and boosted their competitiveness internationally. The administration has also concluded plans to upgrade Lagos State Polytechnic (LASPOTECH) and Lagos State College of Education (LACOED) to Universities.

As a State that caters for its students, Lagos State Government paid a total sum of N218, 795,000 million as bursary awards to 6,411 students of the state’s origin in various higher institutions of learning to support their education. The government also provided sum of N217, 732,955.44 million as scholarship awards to a total number of 981 beneficiaries.

The popular narrative that teachers’ rewards are in heaven is changing gradually with Lagos State Governor, Mr. Babajide Sanwo-Olu, as he preaches that teachers’ reward should no longer be in heaven but on earth. He believes that teachers should reap the reward of their labour while on earth and not after death. This new belief made Governor Sanwo-Olu present handsome rewards to teachers adjudged to have made quality impacts in Lagos State’s teaching service. Setting new records of reward for teachers in the State, Governor Sanwo-Olu few months ago presented three-bedroom and two-bedroom flats to two teachers and also rewarded 13 teachers and school administrators with a brand new cars each at the Year 2020 Teachers’ Merit Award organised by the Ministry of Education for making quality impacts in the State’s teaching service.

Lagos State Government under Governor Babajide Sanwo-Olu is standing up to the call to implant technology at the heart of everything in Lagos. The vision of becoming #DigitalLagos or a smart city of relevance, has started to crystallise with the laying of 3,000km fibre across the State. The administration has covered 1,800km, which has provided connection to 100 schools and 12 hospitals.

Riding on the Fibre infrastructure is the Smart City Project, which will enhance traffic management and security, with the planned installation of about 2,000 cameras at strategic locations. The test-run has begun, with the installation of about 150 smart cameras on the streets.

As part of the measures put in place for formal and informal education, the Ministry of Women Affairs and Poverty Alleviation through the Women Affairs Department organised a series of programmes and activities aimed at improving the status of Women in Lagos State and making them economically independent. The Lagos State Employment Trust Fund (LSETF) has also provided financial support to residents of Lagos State for jobs, wealth creation and employment. It has promoted entrepreneurship by improving access to finance, strengthening the institutional capacity of MSMEs and formulating policies designed to improve the business environment in Lagos State. So far, the initiative has supported over 14,646 small businesses in Lagos State and created more than 123,720 jobs, especially for young persons in the State.

Making Lagos a 21st century economy

The fourth pillar of the THEMES developmental agenda is Making Lagos a 21st century economy. To achieve this, the incumbent government has recorded a milestone in infrastructural development in various parts of the State, amongst which is heavy investments by public and private sectors at the Lekki Free zones. Lagos State Government has also provided business-friendly environment and ease of doing business for many investors to set up business empires in the Centre of Excellence.

The Babajide Sanwo-Olu administration has also made significant progress in the area of housing by increasing access to home ownership with emphasis on first-time home owners and enhancing the rent-to-own policy; maintaining existing and newly commissioned housing schemes through facility managers to prevent dilapidation of estates and renewal of dilapidated estates.

Within two years in office, Lagos State Government through the Ministry of Housing has completed and commissioned 492 homes unit at Alhaji Lateef Kayode Jakande Gardens in Igando, 360 homes at Prince Abiodun Ogunleye Estate in Igbogbo and 124 home units at Lekki Phase 1. The Ministry of Housing through Joint Ventures agreements has provided 252 two bedroom Bungalows at Lagos State Affordable Public Housing Scheme Idale, Badagry; 124 homes at LagosHOMS Lekki Phase II and 132 homes at Babatunde Raji Fashola Estate at Iponri.

Lagos State Government through the LSDPC provided six units of two bedroom flats in Olutunda Ilupeju, 120 home units at Courtland Villas at Igbokushu, Eti-Osa and Bayview Estate Ikate-Elegushi with 100 units (32 units three-bedroom flats and 68 units 4 bedroom Terraces with Maid’s room) and Sunnyville Apartments located in Nob Oluwa, Ogba (32 units of 2 bedroom flats).

It is noteworthy that the Babajide Sanwo-Olu’s administration strengthened its policy of delivering homes to Lagosians through the existing Rent-To-Own Mortgage System. Under this arrangement, individuals are required to pay only five per cent of the cost of the housing unit as the commitment fee and the balance spread over a period of 10 years with minimum interest obtainable under the scheme.

The Sanwo-Olu administration has done so much in the area of agriculture and food security. Lagos has developed and commenced implementation of a five-year Agricultural and Food Security Road Map. The full implementation of the strategy will enable the state to achieve 40 per cent sufficiency in food production by 2025.

With initiatives such as the Agro Processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) Project amongst others, which were designed to empower, train and build capacity development of the youth and women, especially in selected key value chains such as fisheries, poultry, rice, aquaculture and horticulture, the State Government has trained and empowered thousands of farmers in the State.

The State Government under Governor Babajide Sanwo-Olu unveiled a five-year Agricultural Road Map  between year 2021 to 2025. This road map will enable the State Government actualise her dreams of food security within the stipulated time frame.

The long awaited 32 metric tonnes per hour Imota rice mill, one of the largest in sub-Sahara Africa is at over 85 per cent completion stage. When completed it will provide over 250 thousand direct and indirect jobs across different value chains.

Entertainment and Tourism

Among the numerous transformational initiatives deployed to strengthen the socio-economic positioning of Lagos State globally, the energy of the city, fuelled by a thriving entertainment industry is unmistakable. And this is why Governor Babajide Sanwo-Olu has made huge investment in Entertainment and Tourism, the fifth pillar of the developmental agenda.

Aside from landmark facilities and initiatives like the J.K Randle Centre for Yoruba history, Glover Memorial Hall, Lagos Theatre in Badagry, Badagry Museum and major Tourist attractions in Badagry, the incumbent administration is also working with the Federal Government to rehabilitate the National Arts Theatre Iganmu into a world class entertainment, fashion, music, technology and cultural hub as a deliberate and purposeful mission to boost the tourism appeal of Lagos State.

The Babajide Sanwo-Olu administration’s empowerment drive through partnerships with the Ebony Life Academy and Del York Creative Academy, is yielding positive result with no fewer than 2,000 youths receiving training in different aspects of cinematography; such as Scriptwriting, Directing and others. This is aimed at unlocking the huge talent and potential in the creative arts space.

The administration has also launched the Lagos Creative Initiative (LACI) for focused development of the creative industry, which has birthed the 100-hecterLagos Film City in Ejinrin. Besides, it has given financial support in excess of N1billion to operators to cushion the effect of COVID-19 on the industry.

Security and Governance

In line with the Governor Babajide Sanwo-Olu’s THEMES Agenda, the administration has worked tirelessly to ensure that Lagos is safe and secure for the residents of the State and investors. As at today, security agencies in Lagos State can boast of modern day armoury. On Thursday, June 10, President Muhammadu Buhari joined Governor Sanwo-Olu to officially handover patrol vehicles and various security equipment to security agencies in Lagos State. The equipment were; 150 Double Cabin Vehicles, 30 Saloon Patrol Vehicles, 1,000 Ballistic Vests, 1,000 Ballistic Helmets, 1,000 Handheld Police Radios/Walkie Talkies, 100 Security Patrol Bikes, two Armored Personnel Carriers (APCs), four High Capacity Troop Carriers, two Anti-Riot Water Cannon Vehicles and  Office/Command Furniture and other Ancillary Support Resources.

Lagos State Civil Service, which has many ministries, departments and agencies are role models to many states in Nigeria as a result of several developmental strides of the Babajide Sanwo-Olu administration.

Despite delivering on his campaign promises, Governor Sanwo-Olu is not looking back as he is marching on towards the attainment of the “Greater Lagos” dream.

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Alleged Arms Discovery: Malami Faces DSS Probe as EFCC Denies Victimisation

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Economic and Financial Crimes Commission (EFCC) chairman Ola Olukoyede has faulted the persecution claim by the immediate-past Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami (SAN).

He described it as unfortunate that some Nigerians were buying into the narrative when Malami’s probe started before his appointment.

Malami is standing trial alongside some family members on 16 counts of money laundering involving about N8.7 billion.

Speaking on a national television yesterday, Olukoyede dismissed Malami’s claim of vendetta against him, saying the commission has not wavered in investigating and prosecuting those suspected to have been involved in corruption cases.

“There’s nothing like that. The particular case predated my appointment. And, I didn’t give a nod to initiate proceedings until I found that we have a water-tight investigation,” he said.

The EFCC boss denied being indicted by Justice Ayo Salami’s panel.

Olukoyede said: “I challenge those making such claims of indictment against me by Justice Ayo Salami Panel to publish the report.

“Let me tell Nigerians that the commission’s investigation panel cleared me of any wrongdoing. The presidency at the time also cleared me. Also, the law enforcement agencies handed me a clean bill.

“I can say clearly that there’s no report anywhere that I’ve been involved in any fraudulent dealings, whether as the commission’s chief of staff, secretary, and now, the chairman of the commission.”

Noting that the commission, under his watch, made notable achievements last year, he said: “Our big win in 2025 was our ability to review and revive old cases that Nigerians thought were dead.

“Some of the cases affect past governors and ministers, and many such cases are in courts.

“We were able to recover assets. Nigerians are aware of the Lokogoma assets. One major recovery was a university.”

The EFCC recovered Nok University in Kachia, Kaduna, after a court ordered its final forfeiture because it was built with stolen public funds by a former civil servant.

It was converted to the Federal University of Applied Sciences,
Immediate-Past Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami (SAN), is facing a fresh investigation over the arms and ammunition found in his house.

Newsthumb learnt that the arms were uncovered at his Kebbi country home by the operatives of the Economic and Financial Crimes Commission (EFCC) during a search.

The anti-graft agency, it was further learnt, handed them over to the Department of State Service (DSS) for a comprehensive probe because it is not within its remit to do so.

The number of arms and ammunition could not be immediately ascertained, but it was gathered that they are high in number to attract a full DSS investigation.

Malami, who was granted bail last week along with his sons – Abdulaziz, Abiru-Rahman, and others – is still in the Kuje correctional centre, having been unable to perfect his bail conditions.

But, sources said he might be taking things slowly to stall the DSS investigation into the weapons found in his house.

“The former minister is being separately investigated for allegedly having arms in his house in Birnin Kebbi. The inventory of the shock find has been handed over to the DSS.

“It is now left to Malami to explain to the DSS how he came about the arms. That’s why he is yet to perfect his bail conditions. He is holed up in prison to avoid arrest by the DSS.

“DSS operatives are within the precincts of Kuje Correctional Service to invite Malami. He got wind of their presence and raised the alarm. But the law must take its course.”

Another source within the EFCC said Malami had yet to meet his bail conditions.

“By our records, the ex-AGF is still in custody. We saw all manners of fake clips on social media on his purported arrival and rousing reception in Kebbi State,” the source said.

The source added: “The investigation into Malami’s activities during his tenure began when former EFCC Acting Chairman Ibrahim Magu was in office.

“Investigation continued through the administration of another Acting Chairman, Ibrahim Chukkol, to the present Executive Chairman. Chukkol, who works in the agency, was in charge briefly before Olukoyede’s appointment.

“There is nothing vindictive about his investigation since 2019. It is an inherited case, and the ex-AGF knows this.”

Olukoyede confirmed that he inherited the Malami case during an interview last night on a national television.

A Federal High Court in Abuja last week ordered the interim forfeiture of 57 assets linked to Malami and his two sons.

The assets have been valued at N213, 234,120,000.

The court has, however, given Malami and the sons or any other claimant a 14-day leave to show proof that the assets were legally acquired.

Failure to present legitimate claims within 14 days may lead to the permanent loss of the assets to the Federal Government.

The court’s order was based on the invocation of the Non-Conviction Asset Forfeiture Clause in the EFCC Establishment Act.

The EFCC had applied to the Federal High Court to seize the suspicious properties in Abuja, Kano, Kaduna, and Birnin-Kebbi.

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₦213 Billion Worth of Properties Seized from Malami in Money Laundering Probe: Full List of 57 Luxury Homes and Hotels

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Presiding Judge, Justice Emeka Nwite, granted the order on Tuesday, January 6, 2026, following an ex-parte motion filed by EFCC counsel, Ekele Iheanacho (SAN).
A Federal High Court in Abuja has ordered the interim forfeiture of 57 properties linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), and two of his sons, Abdulaziz and Abiru-Rahman Malami.

Presiding Judge, Justice Emeka Nwite, granted the order on Tuesday, January 6, 2026, following an ex-parte motion filed by EFCC counsel, Ekele Iheanacho (SAN).

The assets, valued at ₦213.2 billion, include multi-billion naira landed properties spread across Abuja, Kebbi, Kano, and Kaduna States. The court ruled that the assets are suspected to be proceeds of unlawful activity.

The 57 properties are as follows:

1. Luxury Duplex at Amazon Street, Plot No. 3011 Within Cadastral Zone, A06 Maitama; File No: AN enhancement 11352, which was purchased in December 2022 at N500, 000, 000.00 (value after enhancement at N5,950,000,000).

2. Two Winged Large Storey Building Situate at No. 3, Onitsha Crescent, Area 11,Garki, Cadastral Zone, A03, Abuja (formerly Harmonia Hotels Limited), FCT, which was purchased Dec. 2018 at N7,000,000,000.

3. Plot 683, Jabi District, Cadastral Zone B04, Comprising of a five storey Building (Now Luxurious Meethaq Hotels Ltd, Jabi with 53 rooms/suites), which was purchased in Sept. 2020 at carcass level at N850,000,000 with additional N300,000,000 to take possession (value after completion N8,400,000,000).

4. Property No. 3130 within Cadastral Zone A04, Asokoro District, FCT, Abuja, Comprising Terraces, purchased in January 2021 at N360,000,000.

5. Property No. 3 Rhine Street, Maitama, Abuja (Meethaq Hotels Limited, Maitama With 15 ROOMS), which was purchased in February 2018 at N430,000,000 (current value after rehabilitation is N12,950,000,000).

6. Plot No. 1241B, Asokoro District Zone (No. 11A Yakubu Gowon Crescent) AsokoroDistrict, which was purchased in July 2021 at N325,000,000.

7. Shop No. C82 Citiscape — Shariff Plaza, Plot 739 Cadastral Zone A07, Aminu Kano Crescent, Wuse Il, FCT, Abuja, which was purchased in March 2024 at N120,000,000.

8. No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, which was purchased in December 2022 at N300,000,000.

9. Plot 157, Lamido Crescent, Nasarawa, GRA, Kano, purchased in July 2019 with no specific amount stated.

10. A Plaza, Commercial Toilets, Laundering, Warehouse Tanks Adjacent to Birnin Kebbi Market at N100 million.

11. 100 Hectares of l;and Along Birnin Kebbi, Jega Road, which was purchased in 2020 at N100,000,000.

12. Four Bedroom Bungalow Gesse Phase, Birnin Kebbi, which was purchased in 2023 at N101,000, 000.

13. Shops Nos. A36, B3 Vegas Mall, Wuse 2, Abuja, which was purchased in July 2023 at N158,000,000.

14. No. 26, Babbi Drive, Bua Estate, Abuja, purchased in 2022 at N136,000,000.

15. No. 27, Efab Estates Avenue, 5th Avenue, 59th Crescent, Gwarimpa, Abuja, purchased in January 2016 at N120,000,000.

16. Four Bedroom/ 2 Rooms Boys Quarters at No. 10B, Doka Crescent Abakpa GRA, Kaduna, purchased in January 2018 at N40, 000, 000.00.

17. Plot No. 13, Ipent 7 Estate, Karsana District, Abuja, purchased in June 2018 at N85,000,000.

18. A Bedroom Duplex & Boys Quarters at No. 12 Yalinga Street, Off Adetokunbo Ademola Crescent, Wuse Il, Abuja, purchased in Oct. 2018 at N150,000,000.

19. Two Warehouse Shops B40 And B46, Wuse Market, Abuja, purchased in July 2020 at N50,000,000.

20. Twin Houses at Zone E, Apo Legislative Quarters, Cadastral Zone B01, Plot 14014, Gudu District, Abuja, was purchased between February and May 2017 at N250,000,000.

Properties acquired by Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage namely.

21, 22, and 23. Nine units of three bedroom, bungalow, three units of two bedroom bungalow, and 5.4 hectares of land, which were purchased between February 2023 and September 2023 at N187,000,000, among other assets listed in the schedule.

RAYHAAN UNIVERSITY, KEBBI STATE

24. Rayhaan University Permanent Site -N56,000,000,000.00

25. Rayhaan University Temporary Site -N37,800,000,000.00

26. Rayhaan University Third Site – N2,450,000,000.00

27. Rayhaan University Vice Chancellor – N490,000,000.0

RAYHAAN AGRO ALLIED FACTORY IN KEBBI STATE

28. Factory Buildings -N4,200,000,000.00

29. Factory Machines and Plants Units -N10,500,000,000.00

30. Factory Mosque – N2,450,000,000.00

31. Rayhaan Mill Staff Quarters –

N1,487,500,000.00

32. Rayhaan Bustan Building –

N3,150,000,000.00

AZBIR ARENA KEBBI STATE

33. Azbir Hotel – N10,325,000,000.00

34. Printing Press – N1,050,000,000.00

35. Gallery –

N581,000,000.00

36. Gardens –

N392,000,000.00

37. Mosque -N252,000,000.00

38. Azbir Clothing –

N350,000,000.00

39. Azbir Pharmacy and Supermarket – N175,000,000.00

OTHER PROPERTIES HELD IN KEBBI STAT

40. Al-Afiya Energy Tanker Garage opposite Rayhaan University Health Centre, along Sani Abacha Bypass Road, Birnin-Kebbi – N2,450,000,000.00

41. Rayhaan Model Academy -N11,200,000,000.0

42. Rayhaan Primary and Secondary School –

N8,750,000,000.00

43. Rayhaan Security House, off Sani Abacha Bypass, Birnin Kebbi –

N245,700,000.00

44. Rayhaan Radio along Sani Abacha, Bypass Road, Birnin, Kebbi – N245,700,000.00

45. Uncompleted 2 Storey Complex Plaza located opposite Central Motor Park, (Eastern Park) Birnin Kebbi – N78,750,000.00

46. Amasdul Oil and Gas Ltd filling station Structure along Sani Abacha Bypass, Road, Birnin Kebbi near Jambali Automobile Workshop, Birnin Kebbi – N665,000,000.00

47. Malami Support Organization Building –

N210,000,000.00

48. ADC Kadi Malami Foundation Building – N56,000,000.00

49. Abubakar Malami SAN’s House GRA – N350,000,000.00

50. Abubakar Malami SAN’s House Behind Mobil – N490,000,000.00

51. Abdulaziz Malami (First Son’s House) at Gesse Phase II in Birnin Kebbi – N1,659,000,000.00

52. Abiru-Rahman Abubakar Malami (Second Son’s House) at Gesse Phase II in Birnin-Kebbi – N2,989,000,000.00

PROPERTIES IN KANO

53. Assets of Zeennoor Hotel at Kabuga Satellite Town, off Gwarzo Road, Kano with 131 rooms –

N11,200,000,000.00

54. Zeennoor Mosque at Kabuga, Satellite Town, off Gwarzo Road, Kano – N84,000,000.00

55. Zeennor Old Hotel Building -N280,000,000.00

56. Rayhaan Hotel, Kano Located at Plot 27/28 Opp-Aminu kano Teaching Hospital, Southern Kano (Land And Luxurious Building of more than 50 rooms, with appurtenances- N2,240,000,000.00

57. Rayhaan Gym, Kano House Comprising of a Storey Building Opposite Rayhaan Hotel – N1,225,000,000.00

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Economic Rebound Ahead: Tinubu Says Tax Law Reforms Will Boost Prosperity in 2026

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President Bola Tinubu has declared that 2026 marks the beginning of a more robust phase of economic growth for Nigeria, pledging to drive down inflation further, strengthen foreign reserves and sustain the country’s GDP growth trajectory.

In his New Year message to Nigerians on Thursday, the President expressed confidence in the nation’s collective resolve, saying the new year would be a more prosperous one for the country, its citizens, and all who call Nigeria home.

Tinubu argued that during 2025, his administration sustained momentum on major reforms, achieved a fiscal reset and recorded steady economic progress. Despite persistent global economic headwinds, he said, Nigeria recorded tangible and measurable gains, particularly in the economy.

“These achievements reaffirm our belief that the difficult but necessary reforms we embarked upon are moving us in the right direction with more concrete results on the horizon for the ordinary Nigerian,” he stated.

The President disclosed that Nigeria closed 2025 on a strong note, with annualised GDP growth expected to exceed four per cent for the year.

Trade surpluses were maintained and greater exchange rate stability was achieved, while inflation declined steadily to below 15 per cent, in line with his administration’s target.

“In 2026, we are determined to reduce inflation further and ensure that the benefits of reform reach every Nigerian household,” he said.

Tinubu pointed to the performance of the Nigerian Stock Exchange, which, he said, posted a robust 48.12 per cent gain in 2025, consolidating its bullish run that began in the second half of 2023.

On foreign reserves, he disclosed that sound monetary policy management had seen reserves stand at $45.4bn as of December 29, 2025, providing a substantial buffer against external shocks for the Naira. He expressed optimism that this position would strengthen further in the new year.

Foreign direct investment, the President noted, was also responding positively. In the third quarter of 2025, FDI rose to $720m, up from $90m in the preceding quarter, reflecting renewed investor confidence in Nigeria’s economic direction, which global credit rating agencies, including Moody’s, Fitch, and Standard & Poor’s, had consistently affirmed and applauded.

Tinubu recalled that he recently presented the 2026 Appropriation Bill to the National Assembly, emphasising that his administration had implemented critical reforms laying a solid foundation for long-term stability and prosperity.

“With patience, fiscal discipline, and unity of purpose, Nigeria will emerge in 2026 stronger and better positioned for sustained growth,” he said.

As inflation and interest rates moderate, the President said, his administration expected increased fiscal space for productive investment in infrastructure and human capital development.

He commended states that had aligned with the national tax harmonisation agenda by adopting harmonised tax laws to reduce the excessive burden of taxes, levies, and fees on citizens and basic consumption.

The new year, Tinubu added, marks a critical phase in implementing tax reforms designed to build a fair, competitive, and robust fiscal foundation for Nigeria.

On security, the President acknowledged that the nation continues to confront threats from criminal and terrorist elements.

He disclosed that in collaboration with international partners, including the United States, decisive actions were taken against terrorist targets in parts of the Northwest on December 24.

The Armed Forces, he said, had since sustained operations against terror networks and criminal strongholds across the Northwest and Northeast.

“In 2026, our security and intelligence agencies will deepen cooperation with regional and global partners to eliminate all threats to national security. We remain committed to protecting lives, property, and the territorial integrity of our country,” the President stated.

He reiterated his belief that a decentralised policing system with appropriate safeguards, complemented by properly regulated forest guards and anchored on accountability, was critical to effectively addressing terrorism, banditry, and related security challenges.

Tinubu also announced plans to accelerate the implementation of the Renewed Hope Ward Development Programme, aiming to bring at least 10 million Nigerians into productive economic activity by empowering at least 1,000 people in each of the 8,809 wards across the country.

Through agriculture, trade, food processing, and mining, he said, the administration would stimulate local economies and expand grassroots opportunities. Investment would also continue in modernising Nigeria’s infrastructure, including roads, power, ports, railways, airports, pipelines, healthcare, education, and agriculture to strengthen food security and improve quality of life.

The President called on all Nigerians to play their part, describing nation-building as a shared responsibility that required unity of purpose, patriotism, and service with honour and integrity.

“To achieve our objectives in 2026, we must all play our part. Nation-building is a shared responsibility.

“We must stand together in unity and purpose, uphold patriotism, and serve our country with honour and integrity in our respective roles. Let us resolve to be better citizens, better neighbours, and better stewards of our nation.

“Fellow Nigerians, I wish you all a peaceful, productive, and prosperous New Year. May God continue to bless and protect our beloved country, keep our troops safe and destroy the enemies bent on disrupting our national peace, security and stability,” he stated.

Meanwhile, governors and other political leaders across the country reflected on the trials of the outgoing year, calling for unity, resilience, and renewed commitment to governance, security, and economic recovery.

Speaker of the House of Representatives, Dr Tajudeen Abbas, urged Nigerians to remain positive and hopeful about the future.

In his New Year message released on Wednesday and signed by his Special Adviser on Media and Publicity, Musa Krishi, Abbas called on citizens to look forward to 2026 with optimism and to continue working collectively for the unity and progress of the country.

Reflecting on the outgoing year, the Speaker noted that 2025, despite its challenges, recorded commendable strides in good governance and improvements in national security, particularly with the successes achieved in the fight against terrorism and banditry.

He therefore appealed to Nigerians across all divides to strengthen national cohesion and commitment to peace-building.

“In every new dawn lies a promise,” the Speaker said, as he commended Nigerians for their patience, perseverance, and contributions towards building a stronger nation.

Niger State Governor, Mohammed Bago, in a statement by the Commissioner for Information, Obed Nana, said social pressures and security challenges tested the resilience of his government in 2025.

He, however, said the state stood firm through unity, patience, and unwavering faith in his government.

Niger State experienced major security challenges in 2025, including incidents of tanker explosions which claimed many lives, boat accidents, and terrorist abductions, particularly of schoolchildren in November.

Therefore, Bago asked residents to continue to support his administration in its efforts to deliver the New Niger Agenda, anchored on good governance, security, and economic revitalisation.

“The outgoing year tested our resilience as a people, particularly in moments of security challenges and social pressures. Yet, through unity, patience, and unwavering faith in government, Niger State stood firm.

“I sincerely thank the people of Niger State for their trust, cooperation, and steadfast support at critical moments, which greatly strengthened our collective response and progress,” he said.

Bago promised that his government remained committed to transparent communication, responsive leadership, and policies that placed the welfare of citizens at the centre of governance.

A former Kaduna State Governor and chieftain of the Peoples Democratic Party, Ahmed Makarfi, urged Nigerians to remain united and resilient in the New Year. In his message issued in Kaduna on Wednesday, he acknowledged the hardships faced by citizens over the past year but expressed optimism for a better future.

According to him, Nigerians must confront the nation’s challenges together as a united people bound by shared hopes and a promising destiny.

“As we exit the year 2025, I extend warm greetings and best wishes to all Nigerians,” Makarfi said, praying that the New Year offered “a renewed opportunity to strengthen our resolve and collectively overcome our challenges.”

Senator Adetokunbo Abiru, representing Lagos East Senatorial District, called on Nigerians to embrace unity, renewal, and collective resolve as the country enters 2026. He urged sustained support for policies aimed at economic stability, inclusive growth, and grassroots development.

In his New Year message to his constituents, Lagos State, and Nigerians at large, the lawmaker described the beginning of 2026 as an opportunity for reflection and renewed commitment to progress and prosperity.

He reaffirmed his commitment to championing policies that promote economic stability and inclusive growth, stressing that development must reach every ward, community, and household across Lagos East.

Abiru therefore urged Nigerians to continue supporting the administration of President Bola Tinubu as it implemented policies targeted at strengthening the economy, improving infrastructure, expanding opportunities, and securing a more prosperous future for citizens.

The Anglican Bishop of Owo Diocese of Ondo State, Stephen Fagbemi, called on Christians and all Nigerians to embrace peace and love in the New Year.

Tinubu projects lower inflation, stronger growth in 2026 New Year address
In a New Year message delivered through the Public Relations Officer of the diocese, Banjo Abitogun, on Wednesday, the cleric expressed optimism that the New Year would be a season of high hope and fresh opportunity for Christians with “unwavering faith in God, renewed commitment to righteous living, and genuine love for one another.”

He further prayed for Nigeria, asking God to grant the nation wise leadership, economic recovery, security of lives and property, and unity among all citizens.

For its part, the Young Progressives Party has urged Nigerians not to lose faith in the democratic process ahead of the 2027 general elections, despite widespread frustration arising from past electoral experiences.

The party made the call in its New Year message issued on Wednesday in Abuja by its National Publicity Secretary, Egbeola Martins.

Public confidence in Nigeria’s electoral process sharply declined following the 2023 general elections, which were marred by widespread complaints of technical glitches, particularly the failure of the Independent National Electoral Commission’s Result Viewing Portal to upload polling unit results in real time.

The disruptions triggered protests, legal challenges and persistent allegations of manipulation, reinforcing calls for comprehensive electoral reforms to restore trust ahead of the 2027 polls.

Martins appealed to the masses to intensify civic engagement and political participation in what he described as a decisive period for Nigeria’s democracy.

According to him, years of electoral setbacks should not translate into apathy or silence in the face of poor governance.

“Though the journey has been difficult and often discouraging, surrendering our sovereignty must never translate into docility or silence in the face of bad governance.

“The YPP calls on Nigerians not to be discouraged by the experiences of previous elections.

“Rather, citizens must mobilise like never before in this penultimate election year to reclaim their power at the ballot in 2027 and vote out incompetent, corrupt and insensitive leadership. The future of our democracy depends on active participation, not apathy,” he said.

The party further urged Nigerians to begin demanding accountability from public office holders, especially in light of fiscal reforms expected to increase government revenue.

“Nigerians must begin to ask critical questions, demand answers and closely scrutinise public spending, especially with the advent of the new tax law, which is expected to widen the tax net and significantly increase government revenue.

“Democracy thrives when citizens remain vigilant and hold leaders accountable. Increased revenue without transparency, accountability and prudence will only deepen public mistrust and hardship,” he stated.

The YPP also warned against what it described as the politicisation of anti-graft agencies, insisting that selective justice undermines democracy and weakens public institutions.

“We strongly warn against the weaponisation of the Economic and Financial Crimes Commission and other anti-corruption agencies against political opponents.

“The fight against corruption must be sincere, impartial and devoid of political bias. Selective justice weakens institutions and erodes public confidence in governance,” he said.

On the newly introduced tax law, the party maintained that Nigeria’s fiscal crisis was rooted more in poor expenditure management than revenue shortfalls.

Martins criticised what he described as extravagant spending by public officials and called for accountability before full implementation of the law.

He argued, “Nigeria’s major challenge has never been revenue generation but the reckless, wasteful and opaque expenditure of public funds.

“Nigerians are not opposed to paying taxes; rather, they are deeply concerned about the lack of transparency, probity and discipline in the management of our commonwealth.

“It is unacceptable for taxpayers’ money to be used to fund religious pilgrimages, purchase private jets and yachts, procure luxury SUVs for members of the National Assembly and sustain the looting and frivolous lifestyle of a reckless political elite.”

“We therefore call on the government to urgently resolve all discrepancies associated with the new tax law before implementation.

“More importantly, those responsible for the discrepancies must be thoroughly investigated, apprehended and punished in accordance with the law,” Martins urged.

Sokoto State Governor, Ahmed Aliyu, has assured residents that his administration will consolidate on the achievements recorded in 2025 as the state steps into the new year, with renewed focus on security, education, infrastructure and economic empowerment.

In his New Year message released to journalists in Sokoto on Wednesday, the governor said 2026 would be a year of consolidation and accelerated development, guided by his administration’s nine-point Smart Innovative Agenda.

Aliyu said his government would continue to prioritise critical sectors capable of fast-tracking socio-economic growth across the state, stressing that peace and security remain central to development.

He disclosed that the state government had developed a fresh blueprint to further support security agencies in tackling banditry, especially in the 13 local government areas affected by insecurity.

“We have already drawn up a blueprint on how to further assist security agencies in the areas of logistics, intelligence gathering and intelligence sharing,” the governor said.

He urged security agencies to intensify their operations in the new year, while calling on residents, particularly those in frontline communities, to cooperate by providing timely and credible information.

Aliyu also appealed to communities to expose individuals exhibiting suspicious behaviour or living above their means, noting that community vigilance would help dismantle informant networks aiding criminal activities in rural areas.

On education and religious development, the governor announced plans to construct new Islamiyya schools and rehabilitate those in poor condition.

He added that ongoing renovations of primary, secondary and tertiary institutions would be completed, with more furniture supplied and sustained attention given to teachers’ welfare.

In infrastructure development, Aliyu said all ongoing housing projects in Wajake, Gidan Salanke and Sokoto New City, alongside rural and township road projects, would be completed before the end of the second quarter of 2026.

The governor reaffirmed his administration’s commitment to economic empowerment programmes, including NG-CARES, Ahmadu-CARES and other initiatives targeting youths and women.

He also promised improved water supply, stating that all ongoing water projects would be completed, with additional machinery provided for major water intake facilities across the state.

In agriculture, Governor Aliyu said the government would continue to support farmers with inputs and implements, adding that contracts had already been awarded for the procurement of tractors to boost mechanised farming.

The health sector, he said, would remain a priority through the renovation of health facilities and the provision of modern medical equipment across the state.

“By the grace of Almighty Allah, we will ensure the successful actualisation of all these projects in 2026,” he assured.

Governor Aliyu thanked the people of Sokoto State for their continued support and reaffirmed his commitment to good governance, while wishing residents and Nigerians a prosperous New Year.

A former Minister of Transportation, Rotimi Amaechi, urged Nigerians to hold those in authority accountable, describing responsible and people-oriented leadership as key to addressing the country’s economic and security challenges.

In his New Year message, Amaechi, a former governor of Rivers State and Transport Minister, said 2025 tested the nation’s resilience, with many families grappling with economic hardship, rising cost of living and widespread insecurity.

He called on Nigerians to use the new year as a turning point in the quest for peace, unity, improved security, economic stability and the overall well-being of the people.

According to him, citizens must collectively demand responsible, responsive, transparent and accountable leadership.

Amaechi also called for economic reforms that would lead to job creation, poverty reduction, affordable healthcare, housing and food, as well as quality education for all Nigerians.

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