Lagos update: Lagos Island bans hawking on roads

Automobiles, Economy, Lagos, Laws, Laws of Lagos State, Life, Nigeria, Transportation, driving, jobs, situation report, traffic 3 Comments »
Hawking not allowed not even in the "garage"

Hawking not allowed not even in the "garage"

In an initiative to re-enforce Law and Order around the Lagos Central Business District, the Lagos State Government hereby draws the attention of the general public to the following PUBLIC DISORDER OFFENCES, contained in the STREET TRADING AND ILLEGAL MARKETS (PROHIBITION) Law 2003 Laws of Lagos State and the sanction that maybe imposed on conviction:

1.    No person shall sell or hark or expose for sale any goods, wares, articles or things or offer services whether or not from a stationary position along the walkway or on any of the following Streets within the Lagos Central Business District:

1    Outer and Inner Marina
2    Broad Street
3    Balogun Street
4    Martins Street
5    Nnamdi Azikiwe Street
6    Eko Bridge
7    Carter Bridge
8    Apongbon Street
9    Idumagbo Avenue
10    Campbell Street
11    Breadfruit Street
12    Tinubu Street
13    Abibu Oki Street
14    Oke Olowogbowo Street
15    Davis Street
16    Adeniji Adele Street
17    Church Street
18    Docemo Street
19    Odunlami Street
20    Iga Idunganran Street
21    Ereko Street
22    Kakawa Street
23    Campos Street
24    Bamgbose Street
25    Alli Balogun Street
26    Ehingbeti (Marina Foreshore)
27    Ebute Ero
28    Force Road
29    King George Road
30    All Flyovers in Lagos Island

2    Sleeping in the Market place or on all flyovers within the Lagos Central Business District is prohibited.

Any Person who contravenes to this Law shall be guilty of an offence and shall be liable on conviction to a fine of N 5,000.00 and N 15,000.00 or/and a term of imprisonment of between six months and one year.

Persons convicted of any of these offences maybe ordered to render community service under the provisions of the Law.

I kept my promise. The last of the series to hit you tomorrow.

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Lagos Report: EFCC arrests Diamond Bank Managers over dollar fraud

Credit crunch, Currency, Economy, Lagos, Nigeria, banking, jobs, situation report No Comments »
Would you rather have the Cedes

Would you rather have the Cedes

LAGOS, Corporate Corruption: Wonder why the naira has struggled to make an impact against the dollar? In the news today, the EFCC has moved to arrest all the Diamond Bank Managers involved in the International Passport – visa dollar fraud. Since banks are supplied hard dollars from CBN to be sold to people with Valid Visas and tickets, some Bank Managers used this opportunity to their advantage. These managers make photocopies of these documents to back up such transactions (they were reportedly apprehended with a couple of fake and original passports in their possession) and then sell the dollars at killer rate to the Black Marketers. The dollar which sold at 202 naira sometime in March had risen against the naira due to high demand resulting from artificial scarcity of the dollar in banks.

EFCC arrests Diamond Bank Managers over dollar fraud

It is worth noting that this could mark the end of the careers of these managers, at least in the Banking Industry. Hopefully, this development should strike fear into the minds of defaulters and we can start to dream of 120 naira to a dollar again. Maybe I can comfortably return to school, and prices of inflated items can fall (na dream?)

What determines the naira-dollar exchange rate?

Why’s the naira so weak against the dollar?

Ps: The second part of the Lagos Traffic Laws will be out unfailingly today.

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