Month: June 2024

Meet Sim Tshabalala, The Man Running Africa’s Largest Bank

ADEOLA YUSUF

Standard Bank CEO Simphiwe “Sim” Tshabalala oversees a pan-African banking empire with R3.1 trillion in assets and over 18.8 million clients. Appointed CEO in 2013, Tshabalala was born in Hlabisa in rural KwaZulu-Natal and grew up in Soweto before matriculating from Sacred Heart College in Johannesburg. It was not obvious that, after school, he would rise to become one of the world’s premier bankers and financiers. Tshabalala attended Rhodes University, obtaining a Bachelor of Arts in 1988 and a Bachelor of Laws in 1990. He pursued the study of law…

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Nigerian Lawmakers Seek 6-Year Single Term For President, Govs

ADEOLA YUSUF

A group of thirty-five federal lawmakers under the auspices of Reformed Minded Lawmakers are advocating an amendment to the 1999 Constitution for a single term of six years for the president and governor. The legislators are also advocating a review of the Constitution to provide for the conduct of all elections, from the local government to the presidency in one day to save costs for the nation and reduce the cost of conducting the elections, while removing undue influence in the outcome of the elections. Addressing a news conference on…

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Tinubu Appoints 39-yr-old Maduekwe DG Of Climate Change Council

ADEOLA YUSUF

President Bola Tinubu has approved the appointment of Dr. Nkiruka Maduekwe as the Director-General/Chief Executive Officer of the National Council on Climate Change (NCCC) in interim capacity, pending the confirmation of her appointment by the NCCC Supervisory Council. According to a statement by presidential spokesman, Ajuri Ngelale, on Sunday, this was in accordance with the President’s commitment to actualise Nigeria’s green industrial vision, boost investor confidence, and unlock sustainable economic value through various climate finance instruments. The President has also approved that Dr. Maduekwe, 39, who holds a Bachelor of…

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US-Bound Lady With Shipment of Drugs In Her Synthetic Hair Arrested

ADEOLA YUSUF

Operatives of the National Drug Law Enforcement Agency, NDLEA, Directorate of Operations and General Investigation, DOGI, have intercepted five different parcels containing illicit drugs concealed in ladies’ clothes and synthetic hair going to the United States and the United Kingdom. Also, the agency arrested a 57-year-old man, Oladimeji Samson with 79 blocks of cannabis sativa weighing 44.4kg and 48 grams of ecstasy, all concealed in the engine compartment under the driver’s seat of the bus in Ibadan, Oyo State. Spokesman of the agency, Femi Babafemi, in a statement, yesterday, said:…

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El-Rufai, June 12 And Abacha Woken from the Dead, By Festus Adedayo

ADEOLA YUSUF

“Will Abiola be happy that the Lagos Landlord is waking Abacha from the dead by making Atiku Bagudu, Abacha’s bagman and the Chagouris, the goggled General’s financiers, the main engine room of his government? Perhaps, Colonel Frank Omenka will soon become the Chief of Army Staff?”   Yesterday, General Sani Abacha clocked 28 years in the grave. Abacha’s sudden expiration at the thick of his maximal and maniacal rule reminds Nigerians, especially those who were old enough in 1998 when he died, of how human beings should never play god.…

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Govs, Senators, Reps Should Get Same Minimum Wage As Labour – Mbaka

ADEOLA YUSUF

Rev. Fr. Ejike Mbaka, the spiritual director of the Adoration Ministries Enugu Nigeria (AMEN) says the N62, 000 minimum wage being proposed by the Federal government should also be extended to Governors as well as Nigerian lawmakers both in the Senate and in the House of Representatives. Worried by the Hardship being experienced by Nigerians and the ongoing debate for a living minimum wage, the Cleric while speaking to newsmen on Saturday, June 8, said; “If we decide to give labour N60,000 or N62,000, why not generalise it to the…

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How Nigerian Female Pilgrim Committed Suicide In Madinah – Report

ADEOLA YUSUF

State board releases identity, gives details of how another died at an intensive care unit of a Saudi public hospital       A Nigerian female pilgrim, Ajia Hawawu, has died in Saudi Arabia. The Kwara State Muslim Pilgrims Board, which confirmed this on Sunday, disclosed that the pilgrim committed suicide in Madina, quoting an investigation carried out by Saudi Arabian authorities. In a press release signed by the Executive Secretary of the board, Abdulsalam AbdulKabir, said another pilgrim from the state also died in Madina. According to the release,…

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‘How Nigeria’s Art, Culture, And Creative Economy Can Yield $100 Billion by 2030’

ADEOLA YUSUF

Minister of Arts, Culture and the Creative Economy, Hannatu Musa-Musawa, in this interview, provides answers to questions on activities of her ministry, including how the ministry is driving President Tinubu’s vision for art, culture, and creative economy. Excerpts;   Since your appointment as minister of Arts, Culture and the Creative Economy, what are those things that have happened in that space? A lot! I think one of those things that shows that President Bola Tinubu is an innovator is the fact that he really was committed to diversifying from our…

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Firm, In Feud Over Exxon’s Golden Pass, Sacks 4,430 Workers

ADEOLA YUSUF

▪️Zachry Industry, contractor of gas liquefaction plant for ExxonMobil and Qatar Petroleum, files for bankruptcy   Zachry Industrial, a construction and engineering firm working to build a gas liquefaction plant for Exxon Mobil and Qatar Petroleum, laid off thousands of workers in East Texas after filing for bankruptcy last month. Zachry notified the Texas Workforce Commission of its plan to lay off 4,430 workers in East Texas, according to a list of WARN notices updated this week. The San Antonio-based company said in a statement that it was “forced to…

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Court Orders Permanent Forfeiture Of Private University To Nigerian Govt

ADEOLA YUSUF

A Federal High Court in Abuja has issued an order of final forfeiture of all assets of a private university, NOK University, located in Kaduna State to the Federal Government. Justice Joyce Abdulmalik, in a judgment on Friday, held that the promoter of the university, Anthony Hassan failed to prove, with convincing evidence, that he did not acquire the assets with proceeds of crime. Also to be forfeited by Hassan, a former Director of Finance and Accounts (DFA) in the Federal Ministry of Health, are three other investments – Gwasmyen…

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