Title: The controversy surrounding the takeover of LagRide Scheme vehicles by Ibile Holdings in Lagos
Introduction :
The takeover of 21 vehicles belonging to the LagRide Scheme, a ride-hailing initiative in partnership with the Lagos State Government, by Ibile Holdings, is sparking controversy. In this article, we will examine the reasons for this takeover and the reactions of the parties involved.
Context :
The LagRide Scheme was created to address issues faced by drivers working for foreign ride-sharing platforms such as Uber and Bolt, by providing more favorable working conditions. As part of this program, investors were solicited to acquire vehicles which would then be leased to drivers for a period of four years.
The forced takeover:
According to allegations made by the National President of the Association of Professional Rideshare Drivers and Private Owners, Mr. Idris Shonuga, the Managing Director of Ibile Holdings, Mr. Tobi Lawal, allegedly used the state police force of Lagos to take control of LagRide Scheme vehicles in the Ajah region. The vehicles were, however, legally covered by the state government and investors had already invested over N1 million in the project.
The reasons given by Ibile Holdings:
Reacting to the takeover accusations, Mr. Lawal said his mission as managing director of Ibile Holdings was to correct anomalies discovered in the operations of the LagRide Scheme. He said the introduction of investors was contrary to the government’s original plan, which was to allow young unemployed graduates to acquire vehicles for commercial transport purposes. It therefore questions the validity of the agreements between Ibile Holdings and the investors.
Conclusion :
The takeover of LagRide Scheme vehicles by Ibile Holdings has sparked a strong reaction from the parties involved. This controversy raises important questions about the governance of the program and highlights the challenges faced by rideshare drivers in Lagos. It is now up to the authorities and parties concerned to find a fair solution for all stakeholders. Stay informed for future developments in this case.
(Note: This text is a rewritten and summarized version of the original article to provide a different perspective without plagiarism.)