Business A.M
No Result
View All Result
Thursday, February 26, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Aba traders raise alarm over alleged plan to takeover their shops

by Admin
January 21, 2026
in Frontpage

By Godfrey Ofurum, in Aba

 

  • Traders feel scammed by Abia State government

Shop owners in the popular Ariaria International Market and Ahia-Ohuru (New Market), Aba, Abia State, whose shops were demolished by the  state government for remodelling, have expressed fear that they may not get their shops back when the projects are completed.

 

This is because of the inability of the government to complete the projects at the agreed time, as well as the increase in the price of the shops.

 

Abia State government in May 2021 demolished lines 1, 2 and 3 at Ahia-Ohuru with the promise to hand over the remodelled shops back to their original owners within a few months.

 

Also in September 2021, Lines A, B and Medicine Lines at the Ariaria International Market, were demolished for remodelling with the promise to hand over remodelled shops to the traders by December, 2021.

 

However, as at August 2022, the contractors are still sourcing  funds to execute the project, thereby stalling its realisation.

 

The shop owners said that the inability of the government to keep to its promises has raised doubts about its sincerity to complete and hand over the shops to their original owners.

 

This has raised suspicion among the traders, who now believe that the government deliberately collected their shops, demolished them and is indirectly taxing them to remodel the shops, which they claim would be allotted to government cronies, as compensation for their loyalty.

 

Cletus Okorie, former chairman, Ariaria Medicine Line, alleged that the Abia State government had no intention of reconstructing and returning A-Line Shops to their original owners.

 

According to him, the intention of the government is to collect the shops from their owners and hand them over to their cronies.

 

“They took over that place last year, on the pretence that the area was flood prone and that with the reconstruction, they will stop the flooding. But till today, they have not done anything to remove the flood. If you come to the A-line, you will notice that the line is now like a river.

 

“Now, you can no longer go to the government to negotiate anything about those shops. They have sold it to the bank and the bank is now fully in charge of that section of the market.

 

Invariably they have bargained with the bank and taken their share upfront. It is the bank that is telling us to pay N5 million per shop, while our agreement with the State is N1.5 million per shop.

 

“Some of the contractors who won the contract have no money to execute the project. They just demolished the place and abandoned it,” he lamented.

 

Okorie explained that the situation has made life difficult for all the affected traders, noting that many traders who owned more than two shops in the affected lines do not have any other means of survival for the 11 months their shops were demolished.

 

Meanwhile, the Abia State government, through the Ministry of Trade and Investment, denied the allegations by the traders at both the Ariaria International Market and the Ahia-Ohuru, describing such allegations as politically motivated to achieve only political gain.

 

Michael Egwu, permanent secretary, in the state’s Ministry of Trade and Investment, said that all the allegations against the government by the traders are false and baseless.

 

“I’m not a politician. I’m a permanent secretary of the ministry, so I don’t have anything to hide from the press. I’m telling you clearly, as the man in charge of the ministry, that all these allegations are false,” Egwu said.

 

He continued, “How can a government that is superintending over the construction of a particular project stand on it and say we’re not going to continue and we’ll use it against those who are not going to vote for us? That is not workable.

 

“If the rainy season and delay in funds affected the project, does that take us to the argument that the government probably doesn’t want to complete the project? That’s a no. Go to Ariaria, work is ongoing.”

 

Egwu said that Governor Okezie Ikpeazu had approved a four-man professional committee that will go to all the sites to supervise, adding, “We have architects, we have engineers and all the professionals, who are consultants on their own.

 

“Governor assembled them to ensure that the jobs that are being done there will stand the test of time and outlive the generation that’s to come. At least up to 100 years.

 

“So those allegations are baseless. We have already done verification to know the original owners of the shops in Line-1, Ahia-Ohuru. Go there and see the appreciable work done there. What are they talking about?

 

“So these allegations are politically motivated. There’s nothing like N5 million. Ask them what the memorandum of understanding (MoU) is. The MoU with them is N1.5 million, of which the governor promised that he will give them subvention of N500,000, while they will pay N1 million.”
Admin
Admin
Previous Post

Howard Davies: On forward guidance, central bank independence, Volcker Rule

Next Post

Access Holdings gets full regulatory approval for First Guarantee Pension acquisition

Next Post

Access Holdings gets full regulatory approval for First Guarantee Pension acquisition

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

M-KOPA reports 77% income utilisation rate from smartphone financing

M-KOPA reports 77% income utilisation rate from smartphone financing

February 26, 2026
N712.26bn MMIA upgrade puts Nigeria’s infrastructure credibility on trial

N712.26bn MMIA upgrade puts Nigeria’s infrastructure credibility on trial

February 25, 2026
Equities rally opens debate over risk controls in stock market

Equities rally opens debate over risk controls in stock market

February 25, 2026
PalmPay deepens customer engagement with #LoveWithPalmPay campaign 

PalmPay deepens customer engagement with #LoveWithPalmPay campaign 

February 25, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

M-KOPA reports 77% income utilisation rate from smartphone financing

M-KOPA reports 77% income utilisation rate from smartphone financing

February 26, 2026
N712.26bn MMIA upgrade puts Nigeria’s infrastructure credibility on trial

N712.26bn MMIA upgrade puts Nigeria’s infrastructure credibility on trial

February 25, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M