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OLABODE AGUSTO – Farewell To an Illustrious Son of Lagos State

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Former Governor of Lagos State, his Excellency, AKINWUNMI AMBODE, FCA, has expressed profound sadness concerning the demise of Mubasheer Olabode Agusto, who served as an Adviser (Budget Matters) to President Olusegun Obasanjo during his second term in office.

His statement reads:

I am deeply saddened by the passing of Bode Agusto, an outstanding accountant, banker, mentor and a true icon of Lagos State. His legacy as an eminent citizen of Lagos State and a distinguished Nigerian who was unrepentantly committed to our nation’s economic development will forever be etched in the annals of our history.

Bode Agusto was not only a financial maestro but also a dedicated public servant, who contributed significantly to the development of Lagos State and Nigeria. His contributions to the fields of accounting, finance and economics were quite remarkable and he played a pivotal role in shaping our nation’s economic policies. His track record in the private sector and public service earned him the national award of the Order of the Federal Republic (OFR).

As Lagos State Governor in January 2017, I’d determined that Lagos State had reached a point where we needed to bring independent perspectives from the private sector to work with the government to jointly plan the future economy of Lagos State and re-engineer its business environment for global competitiveness and enhance opportunities for our people. I consequently set up the Lagos State Economic Advisory Committee, a 12-member private sector-dominated advisory body that comprised some of the best brains in our country and, in determining the chairmanship of the strategic committee, I turned to no other person than the late Bode Agusto and he graciously accepted unconditionally.

The Committee served out their assignment meritoriously without demanding financial compensation for themselves. Such was the patriotism and selflessness that defined the man Bode Agusto.

Lagos State and Nigeria has lost a true luminary and trail blazer. As we mourn his exit, I extend my deepest condolences to the Governor of Lagos State, his family, loved ones, professional colleagues and the entire people of Lagos State. Let us honor his memory by continuing his legacy of service, dedication and excellence.

Mr. Agusto has played his part in nation building and will forever live in our hearts. May his memory be a blessing that continues to inspire us to work collectively for the advancement of our nation.

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Lagos to launch monthly rent payment scheme, but would landlords agree?

The initiative is part of broader efforts to make housing accessible and affordable for residents.

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The Lagos State Government said it is ready to introduce monthly and quarterly rent payment system for easing financial burdens on residents, especially low-income earners.

The Commissioner for Housing, Mr Moruf Akinderu-Fatai, disclosed this at the 2025 Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s second year in office, yesterday .

He said the initiative is part of broader efforts to make housing accessible and affordable for residents.

He recalled that the state had earlier launched a rent-to-own housing scheme which allows tenants to make an initial five percent down payment and spread the balance over a 10 years period.

“That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment,” he said.

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JUST IN: Nigerian Govt witness tenders Ahmed Gulak’s death certificate in Nnamdi Kanu’s trial

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A Federal Government witness, identified as BBB, on Wednesday tendered a certified true copy (CTC) of the death certificate of Ahmed Gulak, in the ongoing terrorism trial of Indigenous People of Biafra (IPOB) leader, Nnamdi Kanu.

Gulak, a former Special Adviser on Political Affairs to ex-President Goodluck Jonathan, was killed by suspected IPOB members in 2012.

The News Agency of Nigerial reports that BBB, who was the 2nd prosecution witness (PW-2), tendered the document before Justice James Omotosho of the Federal High Court in Abuja while being led in evidence by the Federal Government’s lawyer, Chief Adegboyega Awomolo, SAN.

Upon resumed hearing, Awomolo informed the court that though the matter was scheduled for cross examination of PW-2, he had a question to ask the witness.

“We ask for a permission to ask a question my lord,” he said.

Kanu’s lawyer, Chief Kanu Agabi, SAN, did not oppose Awomolo’s application and the judge directed him to go ahead.

Awomolo then asked BBB that one of the last evidence he gave was that during the radio broadcast made by Kanu, he called for a sit-at-home, leading to the death of Gulak.

The witness confirmed the statement. He said he participated in some of the investigations leading to Gulak’s death.

Besides he said he had a certificate of his death in the courtroom from the police dated July 18, 2021.

According to the witness, the document is a certified true copy of the medical report on Gulak.

When the document was shown to Kanu’s lawyer, he said he has no objection and Justice Omotosho admitted it in evidence and marked it as Exhibit PWJ.

Awomolo then sought the court’s permission for the document to be given to the witness to read in the open court.

BBB, who read the content of the death certificate, said the document was from the Nigeria Police, Owerri in Imo State, concerning Gulak, who was allegedly shot dead by IPOB members in 2021.

After the question, Agabi proceeded to cross examine the witness.

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Drivers License New Prices Effectively from June – JTB

The new approved price for Motor Vehicle and Motorcycle number plates and driver’s licence, as approved, is as follows: Motor vehicle driver’s license for three years is N15,000, while for five years is N21,000

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Nigerians are expected to pay more for their driver’s licence, as the Joint Tax Board (JTB) has approved a price increase.

The new price adjustment will take effect on Sunday, June 8, 2025.

By this announcement, the JTB, being the apex body for revenue authorities in Nigeria, urges affected members of the public to take note of the new prices, imploring relevant government agencies and motor vehicle licencing authorities to comply with the price adjustment.

The new approved price for Motor Vehicle and Motorcycle number plates and driver’s licence, as approved, is as follows: Motor vehicle driver’s license for three years is N15,000, while for five years is N21,000.

For a tricycle/motorcycle driver’s license, three years is N7,000, while five years is N11,000.

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