Oyo Assembly Begins Investigations Into Illegal Market Structures, Revenue Leakages -
  • Latest
  • Trending
  • All
Oyo Assembly Summons FERMA Director Over Non-completion of Repairs On Federal Roads

Oyo Assembly Begins Investigations Into Illegal Market Structures, Revenue Leakages

February 28, 2021
Oyo Govt Hands Over Bower’s Tower To Private Firm For 15-Year Concession

Oyo Govt Hands Over Bower’s Tower To Private Firm For 15-Year Concession

April 23, 2026
Oyo South Race: APC Stakeholders Endorse Remi Oseni’s Senatorial Bid

Oyo South Race: APC Stakeholders Endorse Remi Oseni’s Senatorial Bid

April 23, 2026
PSGS Alumni Eulogise Pioneer Principal, To Immortalise Him During 50th Anniversary

PSGS Alumni Eulogise Pioneer Principal, To Immortalise Him During 50th Anniversary

April 23, 2026
Oyo Govt Sets For 2nd Phase Of Polio Vaccination Exercise For Children

Oyo Govt Approves ₦153.5m Bursary for 307 Law School Students

April 23, 2026
Minister of Power, Bayo Adelabu, Resigns to Contest Oyo Governorship Election

Minister of Power, Bayo Adelabu, Resigns to Contest Oyo Governorship Election

April 22, 2026
Oyo Assembly Service Commission Pledges Improved Performance, Presents Annual Report

Makinde, Ogundoyin Get Oyo Assembly Vote of Confidence Over Impeachment Rumour

April 22, 2026
Alleluyah Reformed Movement Mobilises for Tinubu, Promises Over 5 Million Votes 

Alleluyah Reformed Movement Mobilises for Tinubu, Promises Over 5 Million Votes 

April 22, 2026
Makinde Approves Payment Of 13th Month Salary, Moves To Revamp Oyo’s LAUTECH Teaching Hospital Complex

PDP Candidate: The Dilemma Of Choice Before Seyi Makinde By Daramola Fisayo

April 22, 2026
Kola-Daisi Intensifies Oyo South Consultations as LG Leaders Rally Behind Him

Kola-Daisi Intensifies Oyo South Consultations as LG Leaders Rally Behind Him

April 22, 2026
33 LGAs to Benefit as Oyo Moves to Support Traders, Artisans

33 LGAs to Benefit as Oyo Moves to Support Traders, Artisans

April 21, 2026
Stop Politicising Sugar’s Death, Court Already Cleared Akinmoyede – Family

Stop Politicising Sugar’s Death, Court Already Cleared Akinmoyede – Family

April 21, 2026
Remi Oseni Honours Presidential Directive, Joins Oyo South Senatorial Race

Remi Oseni Honours Presidential Directive, Joins Oyo South Senatorial Race

April 21, 2026
ADVERTISEMENT
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
Friday, April 24, 2026
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
No Result
View All Result
No Result
View All Result

Oyo Assembly Begins Investigations Into Illegal Market Structures, Revenue Leakages

by InsideOyo
February 28, 2021
in Political News
0
Oyo Assembly Summons FERMA Director Over Non-completion of Repairs On Federal Roads

The Oyo State House of Assembly has lamented the growing illegalities in markets across the state, noting that the situation posed grave danger for economic growth against what was envisioned by the Governor Seyi Makinde-led government.

The concern was raised at the floor of the House by the state’s lawmakers while deliberating on a motion titled, ‘Urgent needs to curb illegalities, mismanagement and revenue leakages in markets across Oyo State’ on Thursday.

RelatedPosts

Oyo Govt Hands Over Bower’s Tower To Private Firm For 15-Year Concession

Oyo South Race: APC Stakeholders Endorse Remi Oseni’s Senatorial Bid

Minister of Power, Bayo Adelabu, Resigns to Contest Oyo Governorship Election

ADVERTISEMENT

The Oyo State House of Assembly noted that the act of illegality being perpetrated by some market leaders, including tampering with approved physical structures within the markets, had distorted the original plans and, as well, made markets’ structures unattractive to investors.

While presenting the motion on the floor of the House, the Chairman, House Committee on Commerce and Cooperative, Akinjide Olajide, stated that alteration of physical outlay of markets in the state, as well as mismanagement of public facilities, were the remote causes of irrecoverable losses in markets during fire outbreaks incidences.

He spoke in reference to the blockage of access roads and other road networks in markets with unapproved structures thereby making it impossible for fire fighters to access points of fire during outbreaks.

ADVERTISEMENT

The lawmaker who represents Lagelu State Constituency of Oyo State stated further that most markets in the state were designed to meet international standards for the purpose of promoting commerce, industry and achieving sundry other economic goals in a serene environment, but the intents were being hampered by market leaders.

He lamented that illegal collection of government revenue had become the order of the day in some markets thereby undermining state’s efforts at generating revenue for infrastructural development within the state.

He called for the improvement of sanitation of markets across the state and the entrenchment of discipline in a bid to combat revenue leakages and, thereby, engender economic development.

Lauding the current administration in the state for its infrastructural development strides in markets, the lawmaker said the state House of Assembly would support the ongoing initiative by intensifying its oversight functions through tracking of budgetary allocation for markets’ growth and development.

Other lawmakers at the plenary described the motion as timely and relevant for the growth and development of the state considering its potential as a tool for checking irregularities and other unethical activities within the markets at the expense of the state.

They unanimously urged the state government to put measures in place to resuscitate and empower the task force on markets.

In his reaction at the plenary, the Speaker, Rt. Hon. Adebo Ogundoyin, said the safety of all markets in the state should be paramount to all stakeholders. He pledged that the House would make adequate check on issues of welfare, security and revenue generation in markets across the state.

The House directed the Committee on Commerce and Cooperative, as well as the Committee on Environment and Ecology to investigate the matter promptly and report same back to the House in two weeks.

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Threads (Opens in new window) Threads
  • Email a link to a friend (Opens in new window) Email
  • Share on Bluesky (Opens in new window) Bluesky

Like this:

Like Loading...
Tags: Oyo marketsOyo State House of Assemblyoyo state newsRt hon Adebo Ogundoyin
Previous Post

Go After Bandits Before Chasing Me – Sunday Igboho Tells FG

Next Post

In Oyo, Confusion Hits Ladoja’s Camp As Supporters Negotiate With APC, PDP 

InsideOyo

InsideOyo

InsideOyo is an independent news medium for up-to-date events and happenings within and around Oyo state, Nigeria.

Related Posts

Oyo Govt Hands Over Bower’s Tower To Private Firm For 15-Year Concession

Oyo Govt Hands Over Bower’s Tower To Private Firm For 15-Year Concession

by Ayo Mukhail
April 23, 2026
0

The Oyo State Government has stated that the Bower’s Tower, one of the state’s landmark tourist sites, is set to...

Oyo South Race: APC Stakeholders Endorse Remi Oseni’s Senatorial Bid

Oyo South Race: APC Stakeholders Endorse Remi Oseni’s Senatorial Bid

by Adebola Sanmi
April 23, 2026
0

‎Leaders and stakeholders of the All Progressives Congress (APC) in Oyo South Senatorial District have endorsed a member of the...

Minister of Power, Bayo Adelabu, Resigns to Contest Oyo Governorship Election

Minister of Power, Bayo Adelabu, Resigns to Contest Oyo Governorship Election

by Deji Moore
April 22, 2026
0

The Minister of Power, Adebayo Adelabu, has resigned his position in the Federal Government to pursue his governorship ambition in...

Oyo Assembly Service Commission Pledges Improved Performance, Presents Annual Report

Makinde, Ogundoyin Get Oyo Assembly Vote of Confidence Over Impeachment Rumour

by Olayi Abide
April 22, 2026
0

Members of the Oyo State House of Assembly have unanimously passed a vote of confidence in Governor Seyi Makinde and...

Next Post
In Oyo, Confusion Hits Ladoja’s Camp As Supporters Negotiate With APC, PDP 

In Oyo, Confusion Hits Ladoja’s Camp As Supporters Negotiate With APC, PDP 

Please login to join discussion

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

Copyright © 2025 Inside Media

Navigate Site

  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today

Follow Us

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
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview

Copyright © 2025 Inside Media

%d