UPDATE: INVESTIGATION FINDS SOUTHERN CALIFORNIA EDISON EQUIPMENT CAUSED DEADLY EATON FIRE IN LOS ANGELES. (PHOTO).

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 Investigation finds Southern California Edison equipment caused deadly Eaton Fire in Los Angeles  The 2025 Eaton Fire in Los Angeles County, which killed 19 people and destroyed or damaged more than 9,000 homes and businesses, was caused by equipment owned by Southern California Edison, according to fire officials. A report released by the Los Angeles County Fire Department concluded that the blaze began after electrical arcing from an out-of-service Edison transmission tower ignited the fire. Investigators said they spent 18 months reviewing evidence and consulting electrical and metallurgical experts before determining the cause. The Eaton Fire erupted on Jan. 7, 2025, alongside the devastating Palisades Fire and burned nearly 22 square miles before firefighters fully contained it weeks later. Southern California Edison has faced multiple lawsuits related to the fire and has argued that local agencies contributed to the disaster by failing to issue timely evacuation warning...

PRESIDENT TINUBU APPOINTS AYO SOTINRIN AS MANAGING DIRECTOR OF THE BANK OF AGRICULTURE. (PHOTO). #PRESS RELEASE


 STATEHOUSE PRESS STATEMENT


PRESIDENT TINUBU APPOINTS AYO SOTINRIN AS MANAGING DIRECTOR OF THE BANK OF AGRICULTURE


President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately.


Mr. Sotinrin brings a diverse and extensive background in the private and public sectors to his new role.


Before this appointment, he held the position of Group Chief Executive Officer at SAO Group. His leadership at SAO Agro, an agribusiness company, was marked by groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.


He also led SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.


In the public sector, he served as Special Adviser (Environment & Urban Development) to the Minister of State FCT from 2011 to 2015.


He has consulted extensively for global development partners such as the World Bank, AfDB, DFID, and USAID and played key advisory roles on federal and state-level projects. His international background includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.


Mr. Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and a Master's in Engineering Business Management from Warwick University.


Mr Sotinrin's appointment aligns with the Tinubu administration's strategy to revitalise Nigeria's agricultural sector.


"Mr Sotinrin's proven ability to mobilise capital, innovate in agribusiness, and collaborate across sectors will be instrumental in repositioning the Bank of Agriculture as a catalyst for food security, sovereignty and rural prosperity", President Tinubu emphasised.


Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

April 4, 2025

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