LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL. (PHOTO). #PRESS RELEASE.

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 LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL The Lagos State Government has announced traffic diversions and restrictions ahead of the Lagos Fanti Carnival scheduled to hold on Monday, 6th April, 2026, around Tafawa Balewa Square (TBS), Lagos Island. In a bid to ensure a seamless and hitch-free carnival procession, vehicular movement will be restricted along major adjoining roads linking TBS. Affected Routes are; King George V Road (by Mobil Filling Station), Flag House inbound TBS, Force Road inbound TBS, Onikan Roundabout inbound TBS, and WaterBoy Roundabout by Old Defence House. Additionally, all link roads to Moloney Road, such as Military Road (by Old Defence Building), Ajasa Street, Boyle Street, and Hawley Street, will be closed to traffic during the event. To ease parking challenges, designated car parks have been arranged for public use, these include; the Yoruba Lawn Tennis Club Car Park, Zone 2 Car Park (opposite Island Club along King George V Road), Museum Kit...
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SENATE ADVANCES PROCEEDS OF CRIME BILL 2025 TO STREAMLINE ASSET RECOVERY. (PHOTO).

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 Senate Advances Proceeds of Crime Bill 2025 to Streamline Asset Recovery


The Proceeds of Crime (Recovery and Management) Bill 2025 has passed its second reading in the Senate, aiming to amend the existing Proceeds of Crime Act 2022 to improve transparency, accountability, and efficiency in managing assets recovered from illegal activities.


Sponsored by Senator Idiat Adebule (Lagos West), the bill proposes establishing a central agency to oversee the management and disposal of recovered assets, a role currently fragmented across 18 government agencies. During the debate, Adebule highlighted that the current system’s overlapping responsibilities have led to inefficiencies, mismanagement, and potential corruption. “The lack of coordination and standardized procedures among the agencies has made asset recovery opaque and unaccountable,” she stated, emphasizing the need for an independent body to streamline processes and curb leakages.


The bill sparked mixed reactions among senators. Senator Sani Musa expressed partial support, advocating for stronger oversight but cautioning against creating a new agency. Senator Emmanuel Udende opposed the bill, arguing that agencies like the Economic and Financial Crimes Commission (EFCC) are already equipped to handle recovered assets and warning against expanding government bodies. However, Senator Isah Jibrin strongly backed the proposal, stating, “There are leakages by agencies that recover these assets, and we need to block them through an independent agency.”


Despite the polarized views, the bill successfully passed its second reading and has been referred to the Senate Committee on Human Rights and Legal Matters for further review. The committee is expected to report back within four weeks.

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