NEWS
FEMD Raises Alarm over Rising Cases of Building Collapse in FCT

The Federal Capital Territory Emergency Management Department (FEMD) has raised alarm over increased incidences of building collapse, fire outbreak and flood in the territory.
The acting Director-General (D-G) of the department, Mrs Florence Wenegieme, raised the alarm during a press conference in Abuja on Wednesday.
Wenegieme said that the department had responded to seven emergencies between June 24 and July 13, out of which four were building collapses, flood incident, fire outbreak and attempted suicide.
She said that a flash flood occurred at Trademore Estate, Lugbe, on June 24 and a fire incident at old Karu Market on June 28.
She also said that the four building collapses included an incident on June 28 at Guzape District and another at Prince and Princess Estate, on June 28, followed by the incident at Nkwere Street, Garki on July 1.
She added that the recent building collapse was the incident at Kubwa Phase II on July 13, while a suicide attempt was averted at Aso TV/Radio Mast, Katampe on July 8.
The acting D-G blamed the developments on residents’ attitude of dumping waste on water ways, non-adherence to Fire Safety and Building Codes, use of substandard electrical materials and illegal electrical connections.
Other factors, she added, include storage of volatile substances in markets and homes, high use of combustible materials in building construction, activities of quacks in building construction, and use of sub-standard construction materials.
She further identified contributing factors as violation of building approval, carrying out maintenance work without regulatory approvals, and non-conduct of Environmental Impact Assessment before building construction among others.
On ways forward, Wenegieme called for the review of existing laws in the building industry to tackle the rising trend of building collapse like stiffer punishment for violators, especially when lives were lost.
She also called for the review of the Fire Safety Code to mandate the use of non-combustible materials in building construction to reduce risk of fire outbreaks.
“All developers should provide insurance cover to construction workers on site throughout the duration of the project.
“All buildings should be inspected by relevant authorities on completion to see if they meet minimum safety standards before they are certified for human habitation and other purposes.
“Responsible agencies should also make it mandatory for developers to submit professional certification of site engineers as part of securing building approval to eliminate the activities of quacks,” she said.
To discourage citizens against suicide, the acting D-G urged the National Orientation Agency to intensify campaign on civic responsibility to stimulate positive behavior and sense of patriotism among citizens.
She said that as part of disaster risk reduction, the department had been going round the city to ensure that structures removed for standing on waterways were not rebuilt.
She added that multi-disaster risk sensitisation and awareness campaigns were also ongoing, including jingles in TV and radio stations in different languages on issues of flood, fire outbreaks, building collapse and other potential emergencies.
“We have also temporarily closed the collapsed Dogon Gada box culvert and a Slip Road by Galadimawa roundabout to avoid loss of lives when it rains. These are flood-prone locations when it rains.
“We equally mounted flood warning signboards in flood prone locations and held strategic stakeholders meetings for prevention, mitigation and effective response to flood, building collapse, fire outbreaks, epidemics and other emergencies in the FCT.
“The department has also established local divers, disaster vanguards, town criers and disaster marshals and built their capacities for effective disaster response in their communities,” she said.
Wenegieme thanked the FCT Minister, Nyesom Wike, Coordinator of Abuja Metropolitan Management Council, Mr Felix Obuah and other stakeholders for their support to strengthen emergency response in the FCT. (NAN)
NEWS
Robust Capital Market Crucial for Nigeria’s Economic Prosperity- NGX Chairman

Chairman, Nigerian Exchange Group, Dr Umaru Kwairanga, says the Nigerian Capital Market has experienced exponential growth since he assumed office in 2022.He reiterated the group’s commitment to deepening Nigeria’s capital market in alignment with President Bola Tinubu’s vision of growing the nation’s GDP to one trillion dollars by 2030.
In a statement issued in Lagos, Kwairanga was said to have made the remarks while delivering a keynote address at the “For the Love of Our Country (FLOC) 2025” symposium, held at Bayero University Kano (BUK) on Friday. He spoke on the theme, “Reimagining Nigeria’s Economy for a Prosperous Future: Where We Were, Where We Are, and Where We Should Be in the Next Decade”.According to him, the All Share Index (ASI) rose from 48,837 basis points to 111,742 basis points, while market capitalisation grew from N26.375 trillion to N70.463 trillion by May 2025.He said that bond markets were included with total market capitalisation now at over N121 trillion.“This growth shows that we have more than doubled the indices of both our equity and bond markets in just over two years.“However, our goal is even more ambitious as we work towards making the capital market central to achieving a $1 trillion economy,”he said.Kwairanga emphasised the strategic importance of a robust capital market in financing long-term infrastructure, encouraging formalisation of businesses, and mirroring the nation’s true economic potential.He noted with concern that Nigeria’s market capitalisation remains less than 20 per cent of Nigeria’s GDP, compared to South Africa’s Johannesburg Stock Exchange which exceeds its national GDP.To address this, he outlined several initiatives being undertaken by NGX Group and its regulators, particularly the Securities and Exchange Commission (SEC), to enhance market transparency and efficiency.He said these include the dematerialisation of share certificates, resolution of unpaid dividend backlogs, and the recent reduction in clearing time for secondary market transactions to T+2.“We are working closely with regulators and stakeholders to make our market more accessible and attractive.”He said that major listings in the oil and gas sector, such as the planned sale of a stake in NNPC Ltd. and the anticipated listing of Dangote Petrochemicals, would significantly boost market capitalisation.He also spoke on digital innovation as a key driver of market participation, citing the launch of NGX Invest, a digital platform for primary market offers and financial literacy campaigns targeting youths, students, and members of the National Youth Service Corps (NYSC).The chairman revealed the ongoing engagements with institutional investors such as pension fund administrators and mutual funds.He also hinted on the development of sophisticated products like exchange-traded funds, derivatives, and ethical investment instruments.He highlighted efforts to integrate African capital markets through cross-border linkages that would allow investors in Nigeria to trade shares listed on exchanges in countries like Ghana and vice versa.In spite challenges such as declining disposable income, infrastructural deficits, and global economic headwinds, Kwairanga expressed optimism that these could be surmounted.“We are confident that Nigeria will have the broader, deeper, and more sophisticated capital market it deserves before the end of this decade,”he said. (NAN)NEWS
FCT Emergency Department Rescues Suspected Victim of ‘one Chance’ in Asokoro

The Federal Capital Territory Emergency Management Department (FEMD) says it has rescued a woman, who was forcefully pushed out of a moving vehicle in Asokoro, Abuja, on Friday.The department’s Head of Public Affairs, Mrs Nkechi Isa, disclosed this in a statement in Abuja.
Isa said that the incident occurred at about 4:30 p. m. at the Powerhouse Bus Stop Junction,Yakubu Gowon Crescent in Asokoro. According to her, eyewitnesses at the scene said the woman was pushed out of a moving vehicle suspected to be a robbery, by “one chance” operators.She described “one chance” as a criminal gang posing as commercial drivers with passengers, leaving one space (one chance) for an unsuspecting victim.Once they take off, the criminals dispossess the victims of their valuables and often throw them out of the moving vehicle.She said that the FEMD Search and Rescue Team was notified of the incident by the FCT Fire Service and immediately swooped into action.“On arrival at the scene, the team found the victim, identified as Khadija Salisu, unconscious but without visible physical injury.“She was promptly taken to the Asokoro District Hospital and is responding to treatment,” Isa said. (NAN)NEWS
Ministry Warns Public Against Fake Account

The Ministry of Foreign Affairs on Friday warned against the use of social media accounts by unscrupulous individuals spreading false information about its officials.The ministry’s spokesperson, Kimiebi Ebienfa, issued the warning in Abuja following the creation of a fake Facebook account in the name of Permanent Secretary, Amb.
Dunoma Ahmed. Ebienfa said, “This fraudulent account is being used to spread false information, promise contracts, solicit help, and offer enticing rewards to unsuspecting members of the public. “The Ministry firmly disassociates itself from this impersonation and urges the public to disregard any messages from the fake account, which is not an official channel. “It is important to clarify that the Permanent Secretary does not operate or own any social media account.” He advised the public not to engage with individuals or groups behind such fraudulent schemes, as they are deceptive and harmful. According to him, the ministry is working closely with security agencies and Meta, Facebook’s parent company, to investigate and shut down the fake account. Ebienfa reaffirmed the ministry’s commitment to transparency, integrity, and protecting citizens from fraudulent activities across all platforms. (NAN)