• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, September 12, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Banex Plaza Closure: We’ve Lost N7bn In 1 Week – Traders

by James Kwen
1 year ago
in News
Reading Time: 2 mins read
Banex
Share on WhatsAppShare on FacebookShare on XTelegram

Traders and tenants at the Banex Plaza in Abuja, have lamented the prolonged closure of the premises as a result of the clashes that ensued between some soldiers and perceived traders, saying they have lost about N7 billion in one week.

Advertisement

On May 18, 2024, a video surfaced online indicating that some youths, believed to be traders were beating some soldiers at the shopping centre, over a misunderstanding between a phone seller, Kola Suleiman Ibrahim and a yet-to-be-identified soldier.

The situation did not go down well with security personnel and soldiers were deployed to cordon off the area, for more than a week now keeping the traders off the plaza.

The executive committee of Banex Plaza Tenants Association led by the chairman, Chibuike Nzedinma and vice chairman, Cornelius Olayemi expressed their despair at a press conference in Abuja at the weekend.
Nzedinma while counting their losses said: “If we are to put a figure to it, I am sure it is up to N7 billion that we have lost.

“Also, in a little headcount, the number of shops are more than 800 in Banex both the old and the new plaza and then if you take a minimum of four probably the owner of the shop of the business and then another three are staff.

“We are talking of almost 5, 000 persons, 5 ,000 families affected in FCT. There are five banks in Banex. There are also professionals like chartered accountants having their offices, eye clinics, lawyers and a lot of chambers in Banex, not just traders. But people keep feeling that they are only traders in Banex.”
Reading the text of the press conference, the vice chairman, Olayemi said the closure of the premises was also taking a toll on banks, consulting firms and not only shop owners and appealed to the federal government to reopen it while investigation continues.

RELATED

154 Loan Apps Get FCCPC’s Approval, 20 Place Under Watchlist

Consumer Protection Commission Resolves 9,091 Complaints, Recovers N10bn

9 minutes ago
CBN Grants RoutePay Licence To Provide Digital Payment Solutions

Central Bank, Securities Exchange Approve Wema Bank’s N150bn Rights Issue

16 minutes ago

He said: “We are very law-abiding, very peaceful. A lot of us are graduates. Then we went into entrepreneurship on our own. We are very peaceful.

“We want to also use this to publicly say that what happened would have been avoidable if the buyer had come to the union. So we facilitated those that were handled. But it is quite regrettable.

“Please, note that that video in the public domain is an abridged version of the incident that happened. To start with, we unequivocally condemn the attack on the soldiers as reprehensible and therefore does not represent the peaceful image of the plaza and its tenants since inception.

“However, various versions of what led to this incident have been put out from various quarters leading to skewed information, therefore it has become pertinent to set the record straight as gathered from investigations and eye witnesses,” he said.

Join Our WhatsApp Channel

Tags: FCT
SendShare10170Tweet6356Share
ADVERTISEMENT
Previous Post

Kyari Wins ‘Most Outstanding Energy Icon’ Award

Next Post

TAJBank Records N11.3bn Profit Before Tax For 2023 Financial Year

James Kwen

James Kwen

You May Like

154 Loan Apps Get FCCPC’s Approval, 20 Place Under Watchlist
Business

Consumer Protection Commission Resolves 9,091 Complaints, Recovers N10bn

2025/09/12
CBN Grants RoutePay Licence To Provide Digital Payment Solutions
Business

Central Bank, Securities Exchange Approve Wema Bank’s N150bn Rights Issue

2025/09/12
Lagos Airport Customs Get New Controller
Business

Lagos Airport Customs Get New Controller

2025/09/12
Federal Govt Dedicated To Building Energy Industry For Nigerians, Ekpo Assures
Business

Nigeria Holds High-level Oil & Gas Devt Talks With Egypt

2025/09/12
Banex
Business

Reps Panel ‘Orders’ Edun To Withdraw 2025 Budget Document

2025/09/12
NAFDAC Intercepts Fake Malaria Drugs Worth N1.2bn In Lagos
Business

NAFDAC Intercepts Fake Malaria Drugs Worth N1.2bn In Lagos

2025/09/12
Leadership Conference advertisement

LATEST

Super Eagles To Face Venezuela In Friendly Clash

Okocha Debunks NFF Presidential Ambition

Consumer Protection Commission Resolves 9,091 Complaints, Recovers N10bn

Central Bank, Securities Exchange Approve Wema Bank’s N150bn Rights Issue

Lagos Airport Customs Get New Controller

Nigeria Holds High-level Oil & Gas Devt Talks With Egypt

Party Registration: INEC Prequalifies 14 Associations, Disqualifies 157

I’ll Champion Council Autonomy, Tinubu’s Re-election As Ekiti Governor – Ojo

Group To Mobilise Abuja Residents For Voter Registration Tomorrow

Ekiti APC Chieftain Warns Against Divisive Tendencies

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.