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REVEALED: #Ikoyi Collapsed Building Moneybags

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REVEALED: #Ikoyi Collapsed Building Moneybags—-For months, they remained unknown, unseen and unheard of. When many were mourning the loss of lives and asking questions, they remained quiet.

Now the veil has been lifted off the owners of the collapsed Ikoyi building, which killed scores of workers and others, including the owner of Fourscore Heights Limited, the company that initiated the project, Mr Femi Odubona.

The property on 44B, Gerrard Road, Ikoyi, went down on November 1,2021. Subscribers reportedly paid millions of dollars for a piece of what promised to be a beautiful edifice with a commanding height on the skyline of Ikoyi – home of the rich and powerful.

Now, the mystery of the owners of the doomed property has been resolved. Some individuals have gone to court in a desperate bid to stop the Lagos State Government from demolishing the other buildings on the site after experts have certified them unfit to stand.

Among the unlucky investors are mainly big businessmen and women: A senior lawyer, Mr Oluwemimo Adepoju Ogunde SAN, a pastor, Mr Adetola Odutola, Mr Bola Odutola, Mrs Bunmi Odutola, Mr Ghandi Olaoye,Ms Zahra Temitope Motomori, Mr Adewale Folowosele, Mr Moses Anibaba, Mrs Margret Anibaba, Dr Oladipo Oluyomi, Mrs Adepeju Oluyomi and Mr Tayo Oladapo.

There are, also, two companies Kwara Business School Limitedand Saikoyi Property Limited. The owners are not specified.

Where have they been all this while? Why did they not approach the panel of inquiry set up by the government to say all they knew about the property? Are they more interested in their money than the lives lost in this misadventure? These are some of the questions people are asking.

A government source said the state was studying the memorandum of claim served on the company handling the demolition of the two buildings that were left standing after the incident. “However, it is not right for them to say that the government can’t take over the property. The law states explicitly that when a property collapses, the government automatically takes over the property.”

The source added: “It’s all in the public interest and the government said so. Where were they when the Panel of Inquiry sat and took far-reaching decisions on the matter. The Government has even issued a White Paper. Were they ashamed of claiming their right? Don’t you wonder the kind of investors we are talking about? They couldn’t even ask for insurance before shelling out the huge cash they claimed to have paid the late owner of the property.”

Some of the investors said they paid the late Odubona various sums of money in dollars -$120,000, $111, 111. 11, $20,000, $315,586.78 and $7,708.

They said it was the alleged negligence of government agencies that led to the collapse of the building, but a source who testified at the sitting of the Panel of Inquiry said that there was evidence that the site was sealed off by the Ministry of Physical Planning. “Its officials were attacked at the site. In fact, the promoter of the project was arrested. The site was reopened and the promoter was yet to show proof of all he was asked to do before the building collapsed.” He said, adding: “Now, they want to put the blame on the government; that is being clever by half.”

A source who pleaded for anonymity said: “Now that the owners or potential owners of the doomed property have shown their face, those who lost their loved ones can go after them for compensation.”

The Lagos State Government is yet to react to the call for a meeting by the subscribers.

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DR Congo Stun Portugal with Hard-Fought Draw in FIFA World Cup Opener

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DR Congo Stun Portugal with Hard-Fought Draw in FIFA World Cup Opener—–European giants Portugal were forced to settle for a point after a resilient DR Congo side produced a spirited display in their opening Group K clash at the 2026 FIFA World Cup.

Portugal entered the match as overwhelming favourites, boasting one of the most talented squads in the tournament and carrying expectations of a deep World Cup run. However, DR Congo delivered one of the standout performances of the opening round, battling their way to a hard-earned 1-1 draw and sending a message to the rest of Group K.

From the opening whistle, Portugal dominated possession and attempted to impose their trademark passing game. Midfielders controlled the tempo, circulating the ball patiently as they searched for openings in a well-organized Congolese defense.

Despite Portugal’s territorial dominance, DR Congo remained disciplined. The African side sat compactly, denying space between the lines and forcing Portugal into speculative efforts from distance. Whenever possession was regained, DR Congo transitioned quickly, using their pace and physicality to threaten on the counterattack.

Portugal eventually broke the deadlock after a sustained spell of pressure. The European giants carved open the Congolese defense with a swift attacking move, allowing their forwards to capitalize and put the Seleção ahead. The goal appeared to settle Portugal and many expected them to push on for a comfortable victory.

Instead, DR Congo responded magnificently.

Refusing to panic, the Leopards gradually grew into the game and began committing more bodies forward. Their persistence paid off when they found an equalizer, sparking wild celebrations among their supporters. The goal shifted momentum dramatically and exposed Portugal’s growing frustration.

The second half became increasingly tense as Portugal searched desperately for a winner. Chances came and went, with the Congolese goalkeeper producing several crucial interventions while defenders threw themselves into blocks to preserve the scoreline.

Cristiano Ronaldo remained at the center of Portugal’s attacking efforts, attempting to inspire his side through moments of individual brilliance. However, DR Congo’s defensive structure held firm, limiting clear-cut opportunities and frustrating the Portuguese captain throughout the contest.

As the clock ticked down, Portugal threw numbers forward in search of a decisive breakthrough. The pressure intensified in the closing stages, but DR Congo continued to defend heroically while still posing a threat on the counterattack.

When the final whistle sounded, the contrasting emotions were evident. Portuguese players looked disappointed after dropping points against a team they were expected to beat, while DR Congo celebrated a result that could prove crucial in their quest to reach the knockout rounds.

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Trump and Pezeshkian Finalize Historic Accord to End War and Restore Gulf Shipping

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Trump and Pezeshkian Finalize Historic Accord to End War and Restore Gulf Shipping—-Landmark U.S.-Iran agreement takes effect as both leaders formally endorse a 14-point framework aimed at ending months of conflict, restoring maritime trade, and launching broader diplomatic negotiations.

U.S. President Donald Trump and Iranian President Masoud Pezeshkian have electronically signed the “Islamabad Memorandum,” a historic peace agreement designed to end the conflict between the United States, Israel, and Iran while reopening the strategically vital Strait of Hormuz. Pakistani officials confirmed that the memorandum has entered into effect following the signatures of both leaders.

The agreement, brokered with significant mediation from Pakistan, establishes an immediate halt to military operations and lays out a framework for a broader settlement to be negotiated over the next 60 days. The memorandum also commits both sides to reopening the Strait of Hormuz, one of the world’s most important energy shipping routes, easing concerns over global oil supplies and maritime security.

According to details released by U.S. officials, the 14-point accord includes provisions addressing Iran’s nuclear activities, sanctions relief, maritime security, and economic reconstruction. Iran reportedly reaffirmed that it will not pursue nuclear weapons, while the United States agreed to begin a phased process tied to future negotiations and compliance measures.

The reopening of the Strait of Hormuz is among the most consequential elements of the agreement. The waterway carries a significant share of the world’s oil and gas exports, and its disruption during the conflict contributed to volatility in global energy markets. Officials say commercial shipping will gradually resume under new security arrangements outlined in the memorandum.

While diplomats have hailed the accord as a major breakthrough, officials on all sides acknowledge that substantial challenges remain. The memorandum serves as an interim framework rather than a final peace treaty, with negotiators expected to meet in Switzerland to work toward a comprehensive and binding settlement.

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