News
LASG trains 50 town planners in drones deployment
Lagos State government began a two-week training of 50 town planners on Monday on effective operation of drones to monitor encroachment on land and other sharp practices.
This is contained in a statement issued by the spokesperson of the state’s Physical Planning Permit Authority (LASPPPA), Mrs Abimbola Umeh.
She stated that the agency organised the training in line with government’s policy on the use and adoption of modern technology in governance and development issues.
She added that the training would enhance the capacity of staff to effectively monitor and enforce site inspection and imbibe etiquettes in relating with the public.
She quoted the General Manager of the agency, Mr Kehinde Osinaike, as saying that the use and deployment of drones would facilitate effective town planning activities.
“It will also ensure compliance to Physical Planning Permit Laws and Regulations across the state,” he said.
Participants were drawn from 50 district offices of LASPPPA.
Osinaike added that some technical staff of the agency were included in the training to ensure that all relevant professionals were carried along.
He said the training would be continuous to acquaint staff with modern technological, ethical and other evolving trends for optimal performance.
A drone pilot operator, Mr Olamide Owoyemi, commended the assimilation of participants and said they would be issued certificates at the end of the training.
He added that the participants would be given practical tests and at the end of the training should be able to carry out survey and manual flights using a call copter.
A participant, Mr Adejobi Olumide, described the training as impactful because it captured both practical and theoretical knowledge needed to assist in data processing and faster mapping.
Another participant, Mr Ajanaku Wemimo, said learning to launch a drone would solve problems of physical planning and data gathering on buildings.
News
Adeduntan retires as First Bank MD
In a sudden move that has sent shockwaves in Nigeria’s financial services industry, the Managing Director of First Bank of Nigeria Limited, Adesola Adeduntan.
Adedutan resigned his appointment from the company after nine years of holding the top executive position even though he was billed to retire in December when his tenure would have been fully completed.
“I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests,” he said in a copy of his resignation letter.
First Bank is the flagship subsidiary of FBN Holdings, Nigeria’s foremost financial institution, which abruptly announced the cancellation of an extraordinary general meeting on Saturday morning after Mr Adeduntan resigned.
The meeting had been earlier “scheduled to be held virtually on Tuesday, April 30, 2024, at 10 am for the consideration and authorisation of the company to undertake a capital raise of up to N300,000,000,000,” FBN Holdings said in its notification to the Nigerian Exchange.
Mr Adeduntan joined First Bank in 2014, first as a chief financial officer and as an executive director.
Former managing director of First Bank of Nigeria Limited, Adesola Adeduntan. Prior to his stint at FirstBank, Adeduntan served at the Africa Finance Corporation as the pioneer chief financial officer/business manager and as a director as well. His range of expertise covers investment finance, commercial and investment banking, consulting and audit.
He was once a senior manager at the auditing and professional services firm KPMG and held the role of Senior vice president & chief financial officer at Citibank Nigeria Limited.
News
FG agency blames multiple taxes, others for high cost of goods
The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs.
The Director of Surveillance and Investigation Mrs B. A. Adeyinka, said this while briefing journalists during a market surveillance to enforce prices today in Masaka Markets, Nasarawa State.
Adeyinka explained, “We’ve conducted extensive interviews with marketing executives and sellers across various sectors. Despite government efforts to stabilise the currency, prices remain high.
“Our findings point to a complex web of factors, including multiple layers of taxation and transportation costs, driving prices up. The cost of transportation is a significant burden on the sellers, and this cost is inevitably passed on to the consumer.
“For instance, a product that once cost N15,000 now sells for N50,000. This drastic increase is largely due to higher transportation expenses, the rising cost of pesticides, and security concerns in certain areas.
“Our first step is to compile a report on the multiple taxes affecting the market and advise the government on potential solutions. We aim to unlock the market by reducing these taxes, thereby easing the financial burden on both sellers and consumers.”
The FCCPC as part of its campaign for compliance sealed 4U Supermarket Wuse 2 on Thursday for breaching price and quality standards.
Speaking on Thursday, the acting Chief Executive Officer of FCCPC, Adamu Abdullahi, stated that the commission would continue the price enforcement in other states.
On his part, the executive chairman of the market, Gimbal Salasi said the market executives were working to ensure hitch-free market operations and price regulations in the market.
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