News

Galaxy CEO initiates moves to settles 393 clients

Published

6 years ago

August 9, 2019

The Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, has commenced payment process of about 393 clients owed by the company.

In a statement signed by the company’s media consultant, Abdulhamid Ibrahim, Dalori however stated that the payment will be done in batches.

This is coming eight months after the company, which is involved in sand mining, quarry and transportation services, stopped payment to its clients as a result of some setbacks it had faced, arising from natural disasters.

It can be recalled that the company, which is involved in sand mining, quarry and transportation services, stopped payment to its clients last October as a result of some setbacks it had faced, arising from natural disasters.

The company’s operation was brought to a standstill as a result of an unforeseen flood at its sand mining site in Jere, Kaduna as well the suspension of quarry activities for three months in Abuja by the federal government which affected its production at Mpape.

This was followed by some unprecedented happenings including the detention of the company’s chief executive officer, Babagana Abba Dalori by the Economic and Financial Crimes Commission, EFCC, for over five months since March.

The development frustrated the company’s efforts to resume settling its clients since March, having been able to persuade the federal government along with other actors in the industry to lift the ban on quarry activities and the rehabilitation of the sand mining site in Jere in February.

The statement further disclosed that despite the setbacks, the company was able to commence settling its clients in batches.

Explaining further, the statement revealed that the payment, which is bill to be done in batches, was ‘first, of the capital sum paid to the company.

“In the current situation, the company will only begin by settling the capital, so as to restore stability and clients’ confidence.

“And this is starting with those at the lower rung, those who subscribe to bus and sand packages”,Mr. Ibrahim explained.

He however assured that the company’s management is doing everything possible to ensure that it meets all its obligations within the shortest time possible even as the continuous detention of its CEO is frustrating the efforts.

“Engr. Dalori is the CEO and he is actively involved in the day-to-day running of the business. And as such, if you detain him for five months, how do you expect that the company not to be affected?

“Imagine a governor or a president going MIA for five months, what becomes of the state?’ he wondered.

Expressing optimism that the payment will be completed within the shortest possible time, he added that ‘at the moment, what is more important to the company is settling its clients.

Babagana has been in EFCC’s custody since March 29 following a petition by some clients who could not reason with the company’s explanation of its inability to pay them.

He was granted bail by the High Court of the Federal Capital Territort sitting in Kwali, on July 03 but was rearrested by the anti-graft agency shortly after meeting up with the bail condition.

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Ogunlesi backs Tinubu reforms as FIRS chairman Adedeji highlights export-led economy

Published

11 hours ago

October 6, 2025

The Gleamer

Joel Ajayi

After a high-level meeting with President Bola Tinubu in Abuja, Nigerian-born global investor Adebayo Ogunlesi expressed renewed confidence in the country’s economic reforms, indicating potential mega investments across energy, aviation, and port sectors.

He was joined in that optimism by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), who stressed that the reforms were laying the groundwork for an export-driven economy.

Speaking to journalists after the closed-door meeting, Ogunlesi praised the sweeping policy changes under Tinubu’s administration, including the removal of subsidies, tax reforms, and the revival of a refinery already exporting aviation fuel.

“We had an excellent meeting where we discussed how to put Nigeria front and center for international investment. The President was very encouraging, and we shared useful suggestions on driving economic growth,” Ogunlesi said.
Although he declined to reveal specific details, Ogunlesi confirmed that his firm is actively investing in Nigeria and assessing new opportunities.

“Watch this space. Nigeria is not yet the most exciting investment destination, but that’s what we are working on,” he teased.

Pressed on the sectors of interest, Ogunlesi highlighted energy, gas, aviation, ports, and renewables. Drawing on his firm’s experience with LNG projects in Texas and Australia, he noted Nigeria’s massive untapped gas reserves.

On aviation, he acknowledged his reputation as “the guy who bought Gatwick Airport” and signaled interest in similar ventures locally.
He also admitted that one of his companies operates ports in Cotonou and Lomé but none in Nigeria, a point Tinubu reportedly challenged him on.

“He forgave me but said, ‘you have to bring port investment to Nigeria,’” Ogunlesi recounted with a smile.

International investor Hakeem Bello-Osagie, who was also present, underscored the importance of diaspora participation in Nigeria’s growth story.
“When Nigerians at home and abroad invest in Nigeria, it sends a strong signal to the world,” he said, lauding Tinubu’s policies for making the country “investable.”

Echoing the sentiment, FIRS chairman Adedeji described the reforms as the foundation for an export-led economy.

“We’ve done the fundamentals, and now it is time to deliver growth,” he said.

With global players signaling confidence, the momentum for Nigeria’s economic repositioning is gaining ground, setting the stage for transformative investments in key industries.

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