Month: January 2021

$13bn Paris Club Refunds: How Nigeria’s ex-MP Ned Nwoko, firm Were Threatened – Lawyers

ADEOLA YUSUF

  A former Member of Parliament in Nigeria, Hon Ned Nwoko, and LINAS International Limited have disclosed how they were allegedly threatened in their bid to untangle the excess charges and over deductions in Paris Club advances for which the Ni Government had refunded $13 billion to States and Local Governments Areas. An Interim Management Committee, IMC, of Association of Local Government of Nigeria, ALGON, recently distanced the association from the current plan by the Federal Government to pay Linas and Ned Nwoko their overdue consultancy fees, but ALGON national…

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Nigeria’s top politician, Bola Tinubu, Returns 1-month after COVID-19 scare

ADEOLA YUSUF

  National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has arrived in Nigeria after a month absence, greeted by reports on COVID-19 scare. Tinubu returned to the country on Tuesday, according to a report, about a month after he left. He was sighted at the Murtala Muhammed International Airport (MMIA), Lagos, in company of some of his aides. The Cable reported that Tinubu was hospitalised in Paris, France, after falling ill. There were speculations that he tested positive to COVID-19 but his media team later denied such…

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Union Bank’s 50% Stakes up for sale – Report

ADEOLA YUSUF

  Here is why the lender’s principal owner is ‘considering sale of half of stake’   Atlas Mara has received offers from local banks wishing to buy over Union Bank. The holder of the biggest stake in Union Bank of Nigeria is contemplating its future with the Lagos-based lender, as its 49.97 per cent ownership has received acquisition offers from domestic bidders, Bloomberg has reported, citing insiders familiar with the subject. Early interests in the shareholding of Atlas Mara, a financial services holding company, quoted on the London Stock Exchange,…

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Chelsea to bring back 2012 Champions League heroes + Their Names

ADEOLA YUSUF

  Attentions have started to turn towards the summer when perhaps there could be more bigger movements as we near the end of the January transfer window. One of these is a come back of 2012 Champions leage heroes to Chelsea Football Club. Things have been pretty quiet across the board so far, which was naturally expected due to the ongoing pandemic affecting finances globally. But Chelsea could have a few moves planned for the summer, and one in particular is being considered currently, according to Si Phillips Talks Chelsea. The…

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How Nollywood actor Ernest Asuzu slumped, died in wife’s presence + PHOTOS 

ADEOLA YUSUF

  He fainted on Tuesday evening, struggled to make it but never wake up. Here, according to wife, Jennifer, is how veteran Nollywood actor Ernest Asuzu died, making him the third actor to die within six days.   Veteran Nollywood actor Ernest Asuzu is dead. He died after slumping on Tuesday evening. His wife, Jennifer  Asuzu, who confirmed the sad incident, discloaed that the veteran actor fainted (slumped) on Tuesday evening, struggled but never woke up. His remains are on the way to the east for funeral rites. Azusu is…

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Shell alters oil investment, buys UK’s largest electric car charging firm

ADEOLA YUSUF

  Royal Dutch Shell has altered future investment dynamics for crude oil as it agreed to buy Ubitricity, owner of the largest public charging network for electric vehicles in the UK. The oil major, with this, is expanding its presence along the power supply chain., a report by Financial Tmes read. Shell said on Monday it would buy 100 per cent of the company for an undisclosed amount. Ubitricity, founded in Germany, is a leading European provider of on-street charging for electric vehicles. The company, which integrates electric car charging…

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You Use WhatsApp? You Need to Change These Security Settings

ADEOLA YUSUF

  Cybersecurity specialist Zak Doffman shared his tips for users to better protect their data on WhatsApp, Signal and Telegram. After WhatsApp announced the update of its policies to share data with Facebook , millions of users migrated to other messaging apps. The two favorites have been Telegram and Signal , apparently for offering greater privacy. However, none of the three is completely reliable, unless you change certain security settings to better protect your information . Cybersecurity expert Zak Doffman claims that Telegram and Signal promise more privacy than traditional platforms. However, like WhatsApp , they have important settings that are not predetermined and that must be modified from now…

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COVID-19: Caleb Varsity releases Physical resumption timetable for students

ADEOLA YUSUF

  Caleb University Imota, Lagos, Nigeria, has announced a phased physical resumption of students to school. A statement signed by the Acting Dean of Students Affairs, Mrs Maria Adeyemi, in line with the Covid 19 Protocols of the Federal Government, gave the resumption schedule as follows: January 25, 2021: Resumption of all 300 level and *400 level students in all Colleges, PG students, JUPEB and CBS students* January 29 – February 5, 2021 – Examinations for All 300 levels in all Colleges and 400 level CASMAS students February 5/6, 2021…

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Disco plunges Nigeria Ex-President Shagari’s home into darkness over N6m debt

ADEOLA YUSUF

  Barely 25 months after the death of Nigeria’s Second Republic President, Shehu Shagari, the Kaduna Electric Distribution Company (KAEDCO) last Wednesday disconnected electricity supply to his home, plunging the occupants including his widows and grandchildren into darkness. The house was disconnected over unpaid bills estimated to be over N6 million, PUNCH reported quoting KAEDCO spokesman, Abdulaziz Abdullah. Occupants of the house, who also included late Shagari distance relations, were saved from darkness, as the light was later reconnected same day, following intervention or a surety who promised to settle…

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Nigeria’s Yoruba Warlord, Sunday Igboho’s Ibadan Mansion Razed + PHOTOs

ADEOLA YUSUF

Multi-million Naira mansion belonging to a warLord in Southwest Nigeria, Sunday Igboho, has been reportedly razed by yet to be identified men. The midnight fire, which on Tuesday gutted some parts of the house of a popular Yoruba rights activist, was reportedly noticed to have started around 3am in the building located in the Soka area of Oyo State. Other reports have it that the source of the fire was yet unknown but it was gathered that fire fighters from the Oyo State Fire Service arrived the scene a few…

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