EL-RUFAI TO REMAIN IN CUSTODY AS COURT ADJOURNS BAIL APPLICATION TO APRIL 14.(PHOTO).

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 El-Rufai to remain in custody as court adjourns bail application to April 14 Justice Rilwanu Aikawa of a Federal High Court in Kaduna has adjourned the hearing of the bail application filed by former Kaduna State governor, Nasir Ahmad El-Rufai, to April 14th. The bail application of the former governor came up before the court today. April 1. The court adjourned the case after listening to arguments from both the defence and prosecution  El-Rufai was arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on a 10-count charge bordering on alleged conversion of public property and money laundering. He pleaded not guilty to all the charges. The court ordered that he remain in ICPC custody pending the hearing of his bail application on the fixed date. The former governor arrived at the court premises around 9:00 a.m. in a black Hilux vehicle, accompanied by DSS officials.

GOV. SANWO-OLU ATTENDS OFFICIAL SIGNING CEREMONY OF LASG SERIES I (100B BOND) AND SERIES II (UP TO 20B SUKUK) TODAY.(PHOTOS).#PRESS RELEASE.



PGOV SANWO-OLU ATTENDS OFFICIAL SIGNING CEREMONY OF LASG SERIES I (100B BOND) AND SERIES II (UP TO 20B SUKUK) 


AT THE LAGOS HOUSE, ALAUSA, IKEJA, ON TUESDAY, 23RD MAY, 2023


" I am excited to share exciting news that will greatly boost the short and long term development of Lagos. We've raised N134.8 billion in long-tenure bonds, marking another record in accessing capital market funds. 


This investment will fuel key infrastructure projects in sectors such as education, electricity, roads, and agriculture. 


Today, we signed the transaction instruments for the first sets of allotment in the N1 trillion Debt and Hybrid Issuance Programme. This includes a 10-year tenure bond and a shariah-compliant Sukuk. 


With the proceeds from the bond and Sukuk, we'll be executing various projects pre-inspected by the Securities and Exchange Commission. This includes overhauling 33 public schools in Ajegunle, road infrastructure on the Lekki-Epe corridor, drainage works, and more. 


The investments we've secured will not only boost infrastructure development but also stimulate economic growth, create job opportunities, and enhance the quality of life for Lagos residents. 


This successful bond issuance demonstrates Lagos' resilience and the trust investors have in our ability to judiciously deploy funds for development. I want to express my gratitude to the investors who believe in our tremendous potential. 


We remain committed to transparency and disciplined financial decisions as we build a Greater Lagos for generations to come.".


PIX 1166: Lagos State Governor , Mr Babajide Sanwo-Olu (middle), Deputy Governor, Dr Obafemi Hamzat (left) and Commissioner for Finance, Dr Rabiu Olowo (right) during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


PIX 5090 L-R: Lagos State Governor , Mr Babajide Sanwo-Olu; Commissioner for Finance, Dr Rabiu Olowo and committee chairman on Finance, Lagos House of Assembly, Hon Rotimi Olowo  during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


PIX 1243 L-R: Permanent Secretary, Debt Management Office; Lagos State, Mrs Rukayat Alake Sanusi;  Attorney General/Commissioner for Justice, Mr Moyosore Onigbanjo, SAN; Deputy Governor, Dr Obafemi Hamzat; Managing Director, Chapel Hill Denham Advisory, Mrs Kemi Awodein; Governor Babajide Sanwo-Olu; Director, Lotus Financial Services Ltd., Mrs Ajara Adeola; Commissioner for Finance, Dr Rabiu Olowo;  committee chairman on Finance, Lagos House of Assembly, Hon Rotimi Olowo and Commissioner for Economic Planning and Budget, Mr Sam Egube during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


PIX 5092 L-R: Lagos State Attorney General/Commissioner for Justice, Mr Moyosore Onigbanjo, SAN; Deputy Governor, Dr Obafemi Hamzat; Governor Babajide Sanwo-Olu; Commissioner for Finance, Dr Rabiu Olowo and his counterpart for Economic Planning and Budget, Mr Sam Egube during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


PIX 5103 L-R: Lagos State Attorney General/Commissioner for Justice, Mr Moyosore Onigbanjo, SAN; Deputy Governor, Dr Obafemi Hamzat;  Managing Director, Chapel Hill Denham Advisory, Mrs Kemi Awodein; Governor Babajide Sanwo-Olu; Director, Lotus Financial Services Ltd., Mrs Ajara Adeola; Commissioner for Finance, Dr Rabiu Olowo and committee chairman on Finance, Lagos House of Assembly, Hon Rotimi Olowo during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.


 


PIX 1330: Lagos State Governor , Mr Babajide Sanwo-Olu, flanked by Deputy Governor, Dr. Obafemi Hamzat (left), Commissioner for Finance, Dr Rabiu Olowo (right) and others during the official signing ceremony of the State Government Series I (100b Bond) and Series II (up to 20b SUKUK) at the Lagos House, Alausa, Ikeja, on Tuesday, 23 May 2023.

More photos below. 





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