• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 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
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.

RELATED

Reform Or Retreat: A Moment For Northern States

Reform Or Retreat: A Moment For Northern States

1 hour ago
Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

2 hours ago

“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.

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.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: FCT
SendShareTweetShare
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

Reform Or Retreat: A Moment For Northern States
Backpage

Reform Or Retreat: A Moment For Northern States

2025/07/01
Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027
Cover Stories

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

2025/07/01
KACCIMA: Dantata Inaugurates Interim Management Committee
News

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

2025/07/01
NCAA Grounds Rano Air After Engine Failure
Cover Stories

NCAA Grounds Rano Air After Engine Failure

2025/07/01
When 2015 Returns In 2023
Cover Stories

2027: Coalition Woos Ex-President Jonathan

2025/07/01
Nigeria Is In Our DNA, Says Lucian PM
News

Nigeria Is In Our DNA, Says Lucian PM

2025/06/30
Leadership Conference advertisement

LATEST

Reform Or Retreat: A Moment For Northern States

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

NCAA Grounds Rano Air After Engine Failure

2027: Coalition Woos Ex-President Jonathan

Nigeria Is In Our DNA, Says Lucian PM

Speed Darlington Threatens NAPTIP With N2.5bn Lawsuit For Declaring Him Wanted

Pastor, Woman Stripped Naked Over Alleged Infidelity In Edo

Ex-Lawmaker Mashood Mustapha Arraigned For Alleged Defamation Of Kwara Gov

Gwarzo Hails North’s First Clinical Pharmacy Prof, Hadiza Ma’aji, On Professorial Elevation

© 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.