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Enugu Modern Transport Interchange: Payment of compensation to Holy Ghost property owners begins .

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Ahead of the commencement of construction of a new and modern transport Interchange (bus terminal) at Market Road, Enugu (Enugu Central Station), popularly known as Holy Ghost, the leaser of properties at the site will, from Tuesday, start receiving their compensations as agreed with the Nigerian Railway Corporation, the lessor.
The commencement of payment was made known to the Enugu State Commissioner for Transportation, Dr. Obi Ozor, on Monday.
Recall that the Enugu State governor, Dr. Peter Mbah, had, on 19th October, 2023, met with critical property owners and stakeholders on the proposed Enugu Central Station. At the meeting, Mbah had explained that the proposed Enugu Central Station was part of the larger infrastructure plan, which also includes other major modern transport interchanges at Garki, Abakpa Nike, and Nsukka. The aim, he said, was to alleviate the perennial traffic congestion, enhance safety, preserve road assets, optimise transport efficiency, and address various needs of transport sector operators in the state. He, therefore, sought their cooperation towards the realisation of the project.
Citing similar world-class developments in other parts of the world like Dubai, and Singapore, among others, Governor Mbah said there was no reason Holy Ghost bus terminal could be allowed to continue in its present state of decay, perennial traffic congestion, and high-level crimes when such overseas feats could be replicated through conscious efforts and planning.
Sequel to the meeting, the Commissioner for Transportation had on 20th October, 2023 letter formerly notified each individual occupant over a six-month notice of the government’s intention to use the location, while the lessors, the Railway Property Management Company Ltd. equally served the leasers notices of recovery of property to the on 22nd April, 2024 in line with their term of the lease.
In a copy of one of the letters by Railway Property Management Company Ltd. entitled “Notice of Recovery of Railway Land Along Market Road, Enugu”, referenced as T/P. 1794/VOL.1, signed by the Director of Land and Estate Services, A.O Abdulsalam, for the company’s Managing Director, it said the Federal Ministry of Transportation had agreed to release the said portion of Railway land to the Enugu State Government for a modern bus terminal.
The letter reads in part: “We refer to your lease of Railway land along Market Road, Enugu with Ref. No. T/P. 1794/VOL. 1 dated 02/08/2017.
“Please, be informed that the Federal Ministry of Transportation, on behalf of the Federal Government has agreed to release the portion of the NRC land, which was earlier allocated to you as referenced above, to the Enugu State Government to construct a modern transportation hub under the Transport Infrastructure Project.
“In line with our contractual agreement, the Enugu State Government has agreed to compensate you for the structures (s) constructed on the land based on an independent valuation of your structure on the land.
“Therefore, you are kindly requested to provide us with your account details through our Enugu Zonal Manager on or before 26th April 2024 to enable the Enugu State Government to credit your account with the necessary payment.
“Furthermore, as a kind gesture, the Enugu State Government has agreed to do the following: To provide you with an alternative temporary location to ease your business pending when the project is completed; to also give you the right of first refusal to return to the newly completed structure.”
Throwing more light on the development, Enugu State Commissioner for Transportation, said the temporary places had since been allocated to the affected businesses, with some already developing the new place.
“But importantly, I can say with certainty that they will start receiving alerts latest from Tuesday based on the compensation advisory sent to the state government by the Nigerian Railway Property Management Company Ltd. These are huge sums of money, but we have to do it to ameliorate the temporary inconveniences,” Ozor stated.
Meanwhile, at the meeting with Governor Mbah last year, the property and business owners, in addition to legitimate tenants numbering over 29, commended the project.
The event was attended by the owners and representatives of Anaocha South Mass Transit, Chisco Transport Company, Onitsha South Mass Transit, Farm Associates Limited, Dozie Oil Limited, A.C. Decanal Limited, Harco Oil, Pilgrimage Sisters (Osisatech), Okeyson Transport Limited, MDS Logistics Limited, Beach Crushers Association, FCMB, and Ecobank, among others.
Also, during a visit to Mbah in November to better know the project, the Chairman/CEO of Chisco Transport, Chief Chidi Anyaegbu, lauded Governor Mbah for taking responsibility to build such an important transport…

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Tariff war could reduce US-China goods trade by 80% – WTO DG, Okonjo-Iweala

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The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala has said the US-China tariff war could cut trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy.

Okonjo-Iweala said this in a statement on Wednesday.

Ekwutosblog reports that US President Donald Trump raised tariffs on China to 125 percent on Wednesday as the world’s two largest economies fought over retaliatory levies.

“The escalating trade tensions between the United States and China pose a significant risk of a sharp contraction in bilateral trade. Our preliminary projections suggest that merchandise trade between these two economies could decrease by as much as 80 percent,” she said.

According to her, the United States and China together accounted for three per cent of world trade and warned that the conflict could severely damage the global economic outlook.

Trump, even as he slapped further tariffs on China, paused higher tariffs on the rest of the world for 90 days after dozens of countries reached out for negotiations.

Okonjo-Iweala warned that the world economy risked breaking into two blocs, one centred around the United States and the other China.

“Of particular concern is the potential fragmentation of global trade along geopolitical lines. A division of the global economy into two blocs could lead to a long-term reduction in global real GDP by nearly seven percent,” she said.

She, therefore, urged all WTO members to address the challenge through cooperation and dialogue.

A few hours earlier, the US president ramped up duties on Chinese goods to 104 percent, only to hike them further when China retaliated by raising tariffs on US imports to 84 percent.

Trump, in a social media post announcing the moves, said China had been singled out for special treatment because of the lack of respect that China has shown to the World’s Markets.

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FCCPC Urges Nigerians to Report Harassing Loan Apps and Businesses

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The Federal Competition and Consumer Protection Commission (FCCPC) is advising Nigerians to report any loan apps or businesses that engage in harassing behavior over unpaid loans.

According to the FCCPC, no consumer should live in fear of harassment or intimidation.

Ekwutosblog  gathered that Consumers can file complaints with the FCCPC through their website or contact their customer service hotline.

The FCCPC is responsible for protecting consumer rights and promoting fair competition in Nigeria.

FCCPC has taken steps to regulate digital money lenders and enforce consumer protection laws, including fining Meta and WhatsApp $220 million for violating the Federal Competition and Consumer Protection Act (FCCPA) and the Nigeria Data Protection Regulation (NDPR)

To file a complaint, follow these steps
Visit the FCCPC website and fill out the complaint form. Provide detailed information about the harassment, including dates, times, and communication records. Submit supporting documents, such as screenshots or messages.   FCCPC Website: https://fccpc.gov.ng/   Customer Service Hotline: 0805 600 2020, 0805 600 3030
Email: mailto:contact@fccpc.gov.ng

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Chief Vincent Obianodo is the Founder of Young Shall Grow Group, a leading transportation company in Nigeria.

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Chief Vincent was Born in Neni, Anambra State, He spent his early life in his hometown after which he moved to Kano state where He learnt how to fix punctured tyres (vulcanizer), and became perfect at it (a time when few people could do it), because of it he had a lot of customers queuing for his vulcanizing services.

He did the job for more few years before he decided to go into the transportation business as a bus conductor. He continued the bus conductor job until 1972 when he had gathered enough money to buy his bus. After acquiring maximum knowledge on how the transportation business works, he then decided to stop working as a bus conductor and he acquired a mini-bus to ply the Enugu to Onitsha route.

In 1973 he relocated his business operations from Onitsha to Lagos and ventured into a more developed transport business, which he started with two locally built Mercedes Benz 911 buses. After seven years of operating in Lagos, the number of buses he owned increased from 2 to 40 alongside his transport business. He also engaged in the delivery of goods which also boosted the success of his business.

His exceptional customer service delivery got many people to patronize his business and by 1978, he decided to expand by opening up a new interstate route, plying from Lagos to Onitsha to Owerri. He also bought a Mercedes Benz 0362 luxury bus for this purpose. This expansion gained his business more fame and within 6 years, his number of buses grew to 150. Owing to the success of the business, Chief Vincent Incorporated his business in 1984 so he could fully cover every possible part of Nigeria, as a leading inter-state luxury bus company.

Today, The Young Shall Grow Motors is one of the largest luxury bus companies in Nigeria with over 500 buses that ply almost every route in Nigeria as well as other west African countries like Ghana, Burkina Faso, Mali and The Benin Republic.

He also has businesses in the Hospitality, Oil and Gas, Real estate sectors.

From Vulcanizer to millionaire in dollars, today his net worth is over 300 million dollars.

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