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Ikoyi Building Collapse: Death Toll Hits 42 As 15 Survive 

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No fewer than 42 deaths and 15 survivors have been recorded so far from the 21-storey building collapse on Gerrard Road, Ikoyi, Lagos. 
Lagos State Governor, Babajide. Sanwo-Olu, disclosed this at the weekend when he visited the site of the wreckage in company of the All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu and Nasarawa State Governor, Engr. Abdullahi Sule, among others. 
The governor who briefly addressed the media after the visit said, “nine survivors were initially recorded with 42 deaths now. We have additional six survivors that were newly discovered at the Police Hospital, Falomo, making  total survivors 15”. 
The owner of Fourscore Homes, the company in charge of the building, Femi Osibona, was among those who lost their lives in the rubble. His remains were recovered last Thursday and have since been deposited at the morgue. 
An official of the National Emergency Management Agency, (NEMA), who confirmed the development at the site, said rescue workers recovered Osibona’s body last Thursday evening. 
It would be recalled that the 21-storey building crumbled around 2p.m. last Monday when workers were on the site.
Meanwhile, Governor Sanwo-Olu has inaugurated a six-man independent investigation team to unravel the circumstances behind the collapse. The team was given 30 days to submit its report.
The governor has also given conditions under which the survivors of the disaster would be discharged from the Lagos Island General Hospital, Marina.
Sanwo-Olu during his visit to the hospital, last Thursday, stated that the survivors would only be discharged when the medical team give an all-clear concerning their condition.
On his Instagram page, the governor, who shared pictures of his visit to the hospital, said: “I visited the survivors of the collapsed building this morning (Thursday), and gave them my word that they will get the best of care in the hospital, and will not be discharged until they have been given the all-clear by the medical team attending to them.
“As much as we sympathize with all concerned, we will also ensure that we are open and thorough in investigating the cause of the collapse.
“In that regard, a high-powered professional investigative panel has been set up, whose membership consists of professionals outside of the government. The panel, which is headed by the President of Nigeria Institute of Town Planners, Toyin Ayinde, has been given clear terms of reference, with a 30-day assignment to tell us what went wrong at the site.
“The panel’s terms of reference also include ascertaining whether there was a compromise of the building codes by the developer, his contractor, and statutory regulatory agencies”. 
Members of the probe panel comprising professional builders, town planners, structural engineers and legal practitioners, all from the private sector, include the President of the Nigeria Institute of Town Planners (NITP), Mr. Toyin Ayinde, as chairman and Ekundayo Onajobi, a lawyer in a private law firm, as secretary.
Other panel members are a structural engineer, Dr. Akintilo Idris Adeleke; an architect, Yinka Ogundairo; representative of Institute of Builders, Mr. Godfrey O. Godfrey, and Mrs. Bunmi Ibrahim, a property lawyer.

By: Boye Salau 

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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