Good Morning. Here’s a recap of top trending news stories this morning.
Nigeria Mortgage Refinance Company PLC (NMRC) recently convened its 10th Annual General Meeting in Lagos to enhance transparency and engage stakeholders. Chaired by Mr. Yemi Adeola, the meeting focused on NMRC’s performance in mortgage refinancing. CEO Mr. Kehinde Ogundimu underscored the company’s capacity to enhance key financial indicators despite a high-interest rate environment in Nigeria.The bank recorded rise in the number of mortgage refinanced in the financial year
The Nigerian Institute of Town Planners (NITP) signed a Memorandum of Understanding (MOU) with Thinklab Group on June 5, 2024, at Thinklab Group’s head office in Abuja. The agreement marks a significant step in NITP’s plan to construct a new National Head Office Complex. The project will include the financing and construction of two four-story office buildings by Thinklab Group, to be completed within specified timelines.
The Nigerian Building and Road Research Institute (NBRRI) has called on the federal government to ban the importation of construction materials, asserting that Nigeria can produce them domestically. NBRRI Director-General Prof. Samson Duna emphasized that such a ban would promote the use of local materials and suggested either a ban or high taxes on imports to encourage local investment.
READ ALSO: NITP, ThinkLab group Sign MOU for Construction of State-of-the-art National Head Office Complex
The Edo State Development and Property Corporation (ESDPC) plans to construct a 521 housing-unit estate called Esan Garden City Estate in Ekpoma as part of Governor Godwin Obaseki’s strategy to boost the state’s real estate sector. ESDPC Managing Director, John Zedomi, stated that the project will start soon and marks the corporation’s first venture outside Edo South Senatorial District.
Former President Olusegun Obasanjo inaugurated 136 housing units in Sokoto, acquired by the state government for distribution to workers. He commended Governor Ahmed Aliyu’s achievements and acknowledged the guidance of former Governor Aliyu Wamakko. Obasanjo urged the governor to continue his efforts and utilize media to highlight accomplishments.
The Lagos State Government has announced plans to hand over 270 housing units at the Egan-Igando mixed housing estate to the original applicants after a prolonged delay. Commissioner for Housing, Moruf Akinderu-Fatai, stated that the inauguration and key handover to the first 270 homeowners will happen on June 6 (today).
READ ALSO: Trending News: Top 10 Stories this Morning
The Senate passed a bill on Wednesday to increase the salaries and benefits of judicial officers in Nigeria. Following a report from the Committee on Judiciary, Human Rights, and Legal Matters, if the President approves the bill, the Chief Justice of Nigeria will receive an annual salary of N64 million, the President of the Court of Appeal N62.4 million, and Supreme Court Justices N61.4 million each.
The Nigeria Deposit Insurance Corporation (NDIC) announced it will pay out insured deposits of up to N5 million to depositors of the defunct Heritage Bank within one week. NDIC’s Managing Director, Bello Hassan, stated that 99% of the bank’s 2.3 million depositors fall within this category. He also emphasized the NDIC’s commitment to recovering loans under the NDIC Act 2023, leveraging its legal framework for debt recovery.
The Niger State Police Command has refuted claims that insecurity is affecting rescue efforts for trapped miners at the Galadima District mining site. According to the Command’s Public Relations Officer, SP Wasiu Abiodun, the rescue operation was delayed because of insufficient equipment and intense rock disturbances. However, additional equipment has been brought in to assist with the rescue efforts.
Twenty-five suspects were arraigned before the Chief Magistrate in Oyo State for the killing of Alex Timileyi, a 200-level engineering student at Ajayi Crowther University. Timileyi was beaten to death on May 24, 2023, by colleagues who accused him of stealing a mobile phone. After the incident, the university expelled some students involved and handed them over to the police for prosecution.