‘After Consistent Downgrade,’ Fitch Withdraws All Rating For Dangote Industries +Reasons

ADEOLA YUSUF

    “Firm owned by Africa’s richest man is currently dealing with $2 billion in syndicated senior debt and $1.65 billion in intra-group loans that can be called in at any time.”     While Fitch has stopped monitoring Dangote Industries, other agencies like Moody’s and S&P Global Ratings are expected to continue assessing the company. Fitch Ratings announced on Feb. 11 it will no longer assess Dangote Industries. After keeping the Nigerian conglomerate under negative watch due to refinancing struggles, the credit rating agency has decided to withdraw all…

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Osun Monarch Faces COVID-19 Fraud Trial In US

ADEOLA YUSUF

The whereabouts of Apetu of Ipetumodu, Oba Joseph Olugbenga Oloyede, is causing ripples in his domain, as residents and indigenes of the community are calling for the intervention of the Osun State Governor, Ademola Adeleke, in unraveling the mystery behind his disappearance. Oba Oloyede, a United States of America-based accountant and information system expert, was appointed new Apetu in July 2019. He succeeded Oba James Adegoke, who died on November 26, 2017. Our correspondents learnt that the royal father had been regularly shuttling between Nigeria and his base in the…

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1,2,3,4-0; How Man City Disgraced Newcastle At Etihad

ADEOLA YUSUF

. The result propelled City to fourth in the table and saw Newcastle slip back to seventh   Omar Marmoush scored a sensational first-half hat-trick to sink Newcastle United as the Egyptian announced himself at Manchester City. Substitute James McAtee added a late fourth as City made light work of their visitors, although the day was not perfect for Pep Guardiola as Erling Haaland limped off near the end with what appeared to be a right knee injury, just four days before City’s Champions League play-off second leg in Madrid.…

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Poly Students Oppose Conversion Of YABATECH To Varsity

ADEOLA YUSUF

The National Association of Polytechnic Students (NAPS) has rejected the proposed conversion of Yaba College of Technology (YABATECH), Lagos, into a university, arguing that the move would undermine the essence of polytechnic education. Minister of Education, Dr. Tunji Alausa, announced on Friday that President Bola Tinubu had approved the conversion of YABATECH into a university. During a visit to the institution, Alausa highlighted that YABATECH, with over 200 doctorate-holding staff, was well-equipped for the transition. However, NAPS President, Eshiofune Oghayan, in a statement released in Kaduna on Saturday, criticised the…

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‘False, Misleading,’ NNPC Speaks On Viral Video Claim ‘It’s Fuel Does Not Last’

ADEOLA YUSUF

‘We sourced the product from Dangote refinery,’ full statement Olufemi Soneye signed, sent to Platforms Africa   The Nigerian National Petroleum Company (NNPC) Ltd strongly refutes the false and misleading allegations made in a viral video circulating online, which claims that NNPC fuel does not last. This assertion is baseless and entirely unfounded, originating from unverified and amateur research that lacks credibility, accuracy, and professional oversight. This was contained in a statement signed by Olufemi O. Soneye, Chief Corporate Communications Officer NNPC Ltd,, and sent to Platforms Africa on Saturday.…

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How USAID Funded Boko Haram, Sponsored Chibok Girls’ Kidnap – US Congressman

ADEOLA YUSUF

    “USAID’s annual budget of $697 million including cash shipments to madrasas (Islamic schools), has inadvertently funded terrorist training camps and extremist groups,” Scott Perry gives World- shaking dirty details     A United States congressman, Scott Perry, has accused the United States Agency for International Development (USAID) of financing terror groups like Islamic State and al-Qaeda including their local affiliates such as Boko Haram. Mr Perry made these remarks on Thursday during the inaugural session of the Congress’ Subcommittee on Delivering on Government Efficiency (DOGE), an advisory body…

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UNIZIK Expels Female Student For Assaulting Lecturer

ADEOLA YUSUF

The Management of the Nnamdi Azikiwe University, Awka, has expelled Precious Mbakwe, the student who was captured assaulting a lecturer in a viral video. In a letter signed by the university registrar, Victor Modebelu, and addressed to Ms Mbakwe, the university said the student disciplinary committee found her guilty of assault on a lecturer, Chukwudi Okoye. The letter titled “Expulsion from Nnamdi Azikiwe University”, also noted that the student violated the Students Disciplinary Regulations particularly Regulation 4 (SDR). It added that the expulsion takes effect immediately. Afenifere Leader, Ayo Adebanjo,…

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Afenifere Leader, Ayo Adebanjo, Is Dead

ADEOLA YUSUF

Leader of the pan-Yoruba sociopolitical group, Afenifere, Chief Ayo Adebanjo is dead. Adebanjo’s family confirmed the development in a statement made available to journalists on Friday. The statement was jointly signed by his children, Mrs. Ayotunde Atteh (nee Ayo-Adebanjo), Mrs. Adeola Azeez (nee Ayo-Adebanjo), and Mr. Obafemi Ayo-Adebanjo. According to the statement, the Afenifere leader died peacefully on Friday morning, February 14 at his Lekki, Lagos home at the age of 96. “We will forever cherish his commitment to fighting for truth, equity, and justice. ‘Remove The Beads, Free My…

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South-West Governors Agree To Set Up Joint Surveillance, Monitoring Team

ADEOLA YUSUF

The Southwest Governors’ Forum has resolved to establish a Joint Surveillance and Monitoring Team. The team will be tasked with coordinating security operations across the region. This is part of the communique issued at the end of the Forum’s meeting held Thursday at the State House in Lagos. The move, they said, is a direct response to the emerging threats of ISWAP and other criminal groups whose activities are inimical to the peace and stability of the Southwest. READ ALSO: CBN To Sanction Bankswith ATM Withdrawal Limit Below N20,000 CBN…

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