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Purple Capital’s Maryland Mall Displays Growing Retail Trends

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Have you heard about the new shopping trend, the new wind of change blowing across the agro-allied, business and commercial landscape?

It’s called “modern retail”.  If you however still do most of your shopping in a traditional outdoor African-style market, then you’re not alone.

A recent study conducted by the International Livestock Research Institute shows that informal markets still supply between 85 and 95 percent of all food consumed in sub-Saharan Africa.

The modern-format retail supermarket is however a growing phenomenon across the continent, with Nigeria, potentially the largest consumer market in the Middle East and Africa region, poised to be a retailers’ delight.

According to the Broll Property Group, a commercial property services firm, Nigeria has at least 18 large shopping malls, each with at least 10,000 square meters of space to rent (about 108,000 square feet). Considering Nigeria’s estimated population size of about 182 million people, 18 large malls isn’t that many, relatively speaking.

Currently, sixty percent of South Africans shop in formal retail supermarkets compared to 30 percent of Kenyans, 4 percent of Ghanaians, 2 percent of Nigerians and 2 percent of Cameroonians, according to media reports.

The pent up demand for malls and modern-format supermarkets in Nigeria and in West Africa is therefore obvious.

As Nigeria’s commercial and industrial capital, Lagos is expected to lead the national count for malls over the next decade, in tandem with the city’s fast growing population, currently put at anywhere between 17 and 20 million people.

Projected to be one of the largest cities in the world by 2050, the city and suburbia of Lagos is now home to a fast growing middle class. Ultimately, their lifestyle choices will fuel the demand for modern goods and services.

Lagos is currently home to several malls. Most of these malls are however located on the coastal, more affluent sections of the state – in the Ikoyi-Victoria Island-Lekki peninsula axis – commonly referred to as the Island.

On the mainland side of Lagos are population heavy zones like Ojota, Oyingbo, Ojuelegba, Mile 2, Ikorodu and Ikeja, the state’s administrative capital which also has many residential cum commercial districts, like Agege, Ogba, Ojodu, and Maryland just to name a few.
 
An urban sprawl like Maryland, for instance, represents many things to many people.

Maryland illustrates the various realities of city life. Located right in the middle of mainland Lagos, Maryland has been a residential district and a hectic hub of activities for decades: it is also an economic and commercial nerve center; a major intersection connecting citizens and visitors alike to the major thoroughfares across the city, and a perfect exhibit of the city’s quest for affordable, urban development.

Maryland can indeed be regarded as the confluence of the city’s pain points, especially in the area of socio-economic progression and infrastructural development.

Not a few urban development experts have observed that, like so many other commercially and socially significant zones across the country, the Maryland area seems to be stuck in a time warp, as it continues to witness an ever increasing flow of human and vehicular activities, yet with almost zero upgrade to its environs in terms of accessible modern infrastructure and public services. 

All of these is however about to change, thanks to the foresight of Purple Capital Partners Limited, a specialist investment, private equity and real estate firms – which began developing an ultra-modern mall along Ikorodu Road right where the defunct Maryland Shopping Center was once located.

The Mall is therefore strategically positioned to serve citizens and visitors alike, including residents of adjoining Mende, Anthony, Ilupeju, Ojota, GRA Ikeja, Oshodi, Gbagada and all commuters along that axis.

“The construction of the new Maryland Mall began about two years,” said Laide Agboola, managing partner, Purple Capital Partners. Opening its doors to the public later this year, the Maryland Mall is expected to transform the hugely underserved retail landscape of mainland Lagos, with positive spin-offs to the economy of the state.

“Clearly, this new Maryland Mall will be an important addition to the retail, entertainment and lifestyle landscape of Lagos State,” Agboola said. The mall is currently has a diverse base of tenants, a mix of local and international brands led by Shoprite, The Place restaurant and Stanbic IBTC Bank.

When eventually the new Maryland Mall opens its doors to the public, visitors to the mall and the entire city of Lagos will also begin to enjoy a unique feature of the mall which will set it apart from any other supermarket or mall in Africa’s largest economy: it will have the largest outdoor LED screen in West Africa.

The LED screen is to be installed across the full length of the building acting as a façade facing Ikorodu Road.

This makes it a landmark building with a remarkable outdoor character and atmosphere in tandem with world renowned locations like Times Square in New York, USA and Piccadilly Circus, London, England, amongst others.

The digital advertising platform will be a first for any retail structure in Nigeria.

Beyond its appealing aesthetics and social communications functions, it simply increases the Maryland Mall’s revenue streams, further enhancing the efficiency and financial viability of the facility.

Obinna Onunkwo, managing partner, Purple Capital Partners says: “Innovation has been the key to creating this unique facility. We need more modern malls, it’s not just a matter of delivering a delightful shopping environment, it’s a social and economic development issue. We strongly believe that Maryland Mall will alter the face of retail sector in Nigeria.”


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NRS Boss Dismisses Fears of Political Weaponisation in Tax Reforms

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Dr. Zacch Adedeji, Chairman of the Nigeria Revenue Service (NRS), has allayed fears that the new tax reform framework could be weaponised by the Federal Government to target political opponents or individuals based on affiliation.

NRS Boss Dismisses Fears of Political Weaponisation in Tax Reforms

Dr. Zacch Adedeji

Adedeji, responding to concerns over potential selective enforcement or politically motivated tax scrutiny, insisted the reforms prioritise national interest, transparency, due process, and institutional accountability.

Addressing speculations on suppressing opposition voices ahead of elections, he said: “I think the question you will ask is that we need to commend the courage of Mr. President, that despite the fact that there is an election coming, he is courageous enough to continue on this path of statesmanship and not of politicians.”

The NRS boss explained that it would have been politically expedient to shelve the reforms during an election cycle, but President Bola Tinubu opted to strengthen the country’s fiscal foundation and economic governance.

He outlined that the agenda targets structural tax system weaknesses, enhances fairness, and fosters a simplified, predictable compliance environment to boost voluntary participation over coercion.

Adedeji attributed public scepticism to Nigeria’s history of perceived institutional misuse, but stressed the new framework minimises administrative discretion through rule-based processes, automation, accountability, and governance safeguards insulated from political influence.

According to him, the reforms emphasise taxpayer trust, linking taxes to visible public service improvements while expanding growth opportunities and sustainable public finances.

He reaffirmed the focus on economic stability, credible institutions, phased implementation, investment support, vulnerable group protection, and freedom from partisan interference.


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Court Sends Faleti, Ex-Lagos Director to Jail for Stealing ₦48.9m from Access Bank

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An Ikeja Special Offences and Domestic Violence Court on Monday sentenced Olawale Faleti, a former Lagos State Education director, to two years and five months’ imprisonment for stealing ₦48.9 million from Access Bank Plc.

Court Sends Faleti, Ex-Lagos Director to Jail for Stealing ₦48.9m from Access Bank

Justice Rahman Oshodi convicted Faleti, 64, on five counts of stealing after finding him guilty of charges filed by the Economic and Financial Crimes Commission (EFCC).

In his judgment, Oshodi said the offence was deliberate and sustained, noting that Faleti carried out repeated withdrawals despite knowing he had no authorisation to access the funds.

The judge added that the convict failed to show genuine remorse or fully accept responsibility for his actions.

“Financial institutions are the lifeblood of our economy and public confidence in them must be preserved,” Oshodi said, adding that “Those who attempt to defraud or steal from banks must understand that severe consequences will follow.”

While acknowledging Faleti as a first-time offender, the court said a custodial sentence was unavoidable.

The judge applied a 20 per cent reduction from the three-year maximum sentence, citing minimal restitution efforts as a mitigating factor.

Faleti was sentenced to two years and five months’ imprisonment on each of the five counts, with the sentences ordered to run concurrently.

The court directed that the sentence take effect from January 5, 2026, and ordered that Faleti’s biometric details and name be entered into the Lagos State Judiciary offenders’ registry.

After deducting ₦3 million already restituted, the court ordered Faleti to pay an outstanding ₦45.9 million to Access Bank Plc, directing the bank to notify the court upon full recovery of the funds.

Earlier, Mr Ahmed Dambuwa, EFCC counsel, told the court that Faleti dishonestly converted ₦48.9 million belonging to the bank by exploiting unauthorised access to an Access Bank credit card.

He said the card permitted withdrawals of not less than ₦43,000 per transaction, but a system glitch enabled Faleti to withdraw about ₦48 million during the COVID-19 pandemic in 2020.

One of the charges stated that between July 2 and July 10, 2020, Faleti converted ₦12.6 million for personal use, while another alleged that between May 22 and July 1, 2020, he converted ₦6.9 million, all property of Access Bank Plc.

The offences were said to contravene Section 287(1)(a) of the Criminal Law of Lagos State, 2015.


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974 Nigerians Face Imminent Deportation from Canada Amid Enforcement Surge

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974 Nigerians Face Imminent Deportation from Canada Amid Enforcement Surge – No fewer than 974 Nigerians are currently facing imminent deportation from Canada, according to official data from the Canada Border Services Agency (CBSA).

The affected individuals fall under the country’s “removal-in-progress” category, signifying that deportation proceedings have commenced but remain inconclusive, pending final arrangements such as travel documents. Between January and October 2025 alone, Canadian authorities deported 366 Nigerians, marking a significant uptick from previous years.

Of these, approximately 83 per cent comprised failed refugee claimants, while criminality accounted for about four per cent of cases. Nigeria emerged as the only African country in Canada’s top 10 nationalities for deportations in 2025, securing ninth position, while ranking fifth among those awaiting removal.

This contrasts sharply with 2023 and 2024, when Nigeria was absent from the top 10 deportation list, though figures reflect an eight per cent rise over the 2019 total of 339 removals.

Canada’s aggressive enforcement drive has seen nearly 400 foreign nationals removed weekly, culminating in 18,048 deportations during the 2024-2025 fiscal year at a cost of about $78 million.

The initiative draws support from an additional $30.5 million for removals and $1.3 billion for border enforcement, aimed at bolstering immigration controls amid pressures on housing, employment, and security.

Canada remains a prime destination for Nigerians outside the United Kingdom and United States, with over 71,000 acquiring citizenship between 2005 and 2024, alongside thousands arriving annually as students, workers, and permanent residents.

Under Canadian law, those issued enforceable removal orders must depart voluntarily or face enforced exit. The CBSA’s nationwide inventory lists 29,542 individuals in removal-in-progress as of late 2025, dominated by failed refugee claims at 15,605 cases. Nigeria’s 974 cases place it behind India (6,515), Mexico (4,650), USA (1,704), and China (1,430).

Immigration lawyers caution that passage of Bill C-12 could escalate deportations by imposing permanent bans on certain refugee claims and curbing late filings.

Authorities attribute the push to restoring system integrity, with non-compliance by refugee claimants driving most inadmissibility findings.


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