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Real Estate

Pelican Valley Celebrates Sallah With Children





…Rewards Two Kids With Cash Prizes For Reciting National Anthem



A frontline real estate entrepreneur, Ambassador (Dr) Babatunde Adeyemo, has spent fabulous time with excited children – all sang and danced – in celebration of this year’s Sallah.


At The Podium, the pleasant private lounge within the Pelican Valley Estate Laderin where he hosted the children, parents, the estate landlords, consultants and mentors, Ambassador Adeyemo also treated the kids to sumptuous Sallah meals.


During the fun – filled celebration, he gave out cash prizes to two of the kids that best performed in a challenge competition on recitation of the first stanza of the reintroduced “Nigeria we hail thee…” National Anthem.


The Chief Executive Officer (CEO) of Pelican Valley Nigeria Limited, the Nigerian foremost real estate firm behind Pelican Valley Estate Laderin; where unusual home happens, Pelican Brief Estate, Pelican Ecostay Apartments and Pelican’s Greenish Acre Farm Estate at Kobape corridor of Ogun State, he said children are precious gifts and blessings from Allah that should be raised with tolerance by parents.


The state government ministry or Urban adjudged ‘Poster boy of real estate,’ said further that the future belong to the children, not just of the nation but also global world, urging parents and guardians to provide a nurturing environment that fosters positive communication and character development for their kids.


The multiple awards winning realtor also encouraged parents and guardians to invest in the future of children in the area of education and shelter through ‘land banking,’ saying Pelican Valley has a package on land banking that addresses such need.

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Gov. Sanwo-Olu raises revenue target for LASTMA to N2.5 billion





Governor Babajide Sanwo-Olu’s administration has set N2.5 billion revenue generation target for officials of the Lagos State Traffic Management Authority (LASTMA) for 2024 to be paid into the state government coffers.


According to the approved budget of the state by the governor for 2024, the N2.5 billion target set for LASTMA is out of the N52.48 billion cumulative expected revenue set for the ministry of transportation and agencies under its watch to generate this year.


Between January and September 2023, LASTMA was said to have generated N703.486 million out of the N2.35 billion revenue target set for it.


While the ministry itself, according to the budget, was directed to generate N11.28 billion, the Lagos State Metropolitan Area Transport Authority (LAMATA) is to cough out N10.3 billion.


In the same vein, the state government set N17.059 billion revenue target for the Motor Vehicle Administration Agency (MVAA), who between January and September 2023, generated N7.196 billion out of the N16.399 billion target set for it.


Additionally, out of the N52.48 billion revenue target for all agencies in the ministry combined in 2024, the Lagos State Parking Authority, who in 2023, generated N450.9 million between January and September out of the N1.75 billion the state government targeted for it, is expected to generate N4.1 billion this year.


Finally, the budget also showed that the state government has increased the revenue generation target for the Lagos State Number Plate and Production Authority for this year to N6.2 billion, from the N5.23 billion set for it in 2023.

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Kidnapped Fouani brothers rescued in Lagos





Police in Lagos State says its operatives have rescued the three abducted Fouani brothers.

The police spokesperson in the state, Benjamin Hundeyin, confirmed their release in statement to journalists on Tuesday.


The three brothers, Abbas Fouani, Youssef Fouani, and Amtal Fouani, were abducted around 6pm in Lagos on June 14.


Fouani Nigeria Ltd specialises in electronics and is the sole distributor of LG, Hisense, and Maxi products in Nigeria.


According to report, the three brothers were coming from their factory by boat when they were abducted.


The police, on Monday, had said it was working “tirelessly” to ensure that the victims were released.


Vanguard gathered that the victims, including the boat driver and his assistant, were released Monday night in Orugbo Iddo.


While confirming their release, Hundeyin said the feat was achieved by the Lagos Marine police with support from the navy.


Hundeyin said the victims have since been taken to their residence.


“They were rescued late last night in Orugbo Iddo. Our marine police with the support of the Nigerian Navy brought them to shore,” Hundeyin said.


“Thereafter, our tactical team in the area took them home on Banana Island in the early hours of today.


“Five of them, three Lebanese, the boat captain and his assistant,” he added.

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