Thursday, December 2

Tag: Chief Executive Officer

Chidinma Sold Late Ataga’s Laptop to me for N495,000 – Man Tells Court
News

Chidinma Sold Late Ataga’s Laptop to me for N495,000 – Man Tells Court

Chidinma Ojukwu the alleged killer of Super TV Chief Executive Officer, Usifo Ataga sold the dead man's laptop for N495, 000 after allegedly killing him. The businessman who bought the laptop, Mr. Ifeoluwa Oluwo made the confession before the Lagos High Court sitting at Tafawa Balewa Square, TBS, on Thursday. He said Chidinma sold the deceased’s laptop to him. He said that he bought the laptop from the first defendant for N495,000, on June 18, two days after the body of Ataga’s body was found at the short service apartment in Lekki. The witness told the court that it was after he bought the laptop that he saw her (defendant) on social media regarding a murder case. He said as soon as he saw that it was the customer he bought the laptop from, he ensured that all her documents w...
Facebook changes name to Meta
News

Facebook changes name to Meta

Facebook has changed its name to "Meta". Mark Zuckerberg, founder and chief executive officer (CEO) of Facebook, announced the name change in a statement issued on Thursday, October 28. According to him, the change of name will reflect the company’s efforts on rebranding its future operations. "To reflect who we are and the future we hope to build, I’m proud to share that our company is now Meta," Zuckerberg said. He continued: "Our mission remains the same — it’s still about bringing people together. Our apps and their brands aren’t changing either. We’re still the company that designs technology around people. "But all of our products, including our apps, now share a new vision: to help bring the metaverse to life. And now we have a name that reflects the breadth of what...
You joined Chelsea to double your salary – Inter chief, Marotta hits out at Lukaku
Sport

You joined Chelsea to double your salary – Inter chief, Marotta hits out at Lukaku

Inter Milan Chief Executive Officer, Giuseppe Marotta, has hit out at Chelsea striker, Romelu Lukaku, over his departure from the Serie A champions. Moratta said that Lukaku left Inter for Chelsea to double his salary. According to him, there was no difference between Lukaku and Edin Dzeko, whom Inter signed for free to replace the Belgium international in the summer transfer window. Recall that Chelsea re-signed Lukaku from Inter in the summer transfer window for a club-record £97 million. The 28-year-old scored on his debut for Chelsea against Arsenal and then netted a brace against Aston Villa. But Lukaku has since failed to find the back of the net in the Premier League. Speaking to Il Corriere Della Sera, Marotta hit out at Lukaku for leaving Inter Milan for money....
Super TV boss murder: Prime suspect Chidinma Ojukwu arrives in court for murder trial
News

Super TV boss murder: Prime suspect Chidinma Ojukwu arrives in court for murder trial

The prime suspect in the murder of the Chief Executive Officer of Super TV, Usifo Ataga, Chidinma Ojukwu, has arrived at the Lagos State High Court, Tafawa Balewa Square, Lagos for her trial which begins today October 12. Chidinma will be arraigned by the Lagos State Government before Justice Yetunde Adesanya on nine-count charges.   She will be arraigned alongside her sister, Egbuchu Chioma from whom the late Ataga’s iPhone 7, was said to have been recovered, and another person, one Adedapo Quadri.   The 9-count charge dated the 31st of August was filed by the Lagos State Director of Public Prosecution (DPP) Mrs Olayinka Adeyemi.   In count one, Chidinma and Adedapo were charged with conspiring to murder Usifo Ataga contrary to Section 233 of the Crimin...
Ireti Doyle distances herself from her daughter’s business after she was accused of scamming people
Lifestyle

Ireti Doyle distances herself from her daughter’s business after she was accused of scamming people

Iretiola Doyle has released a statement to distance herself from business dealings one of her biological children is involved in. The actress' daughter, Ngozikachi Abimbola Onyeulo, the Chief Executive Officer of Kachi Beauty, has been accused of swindling people out of their hard-earned money. A FIJ report released in March 2021 alleged that she scammed unsuspecting buyers who joined her wholesale distribution. Many distributors accused her of collecting money from them and not supplying the products and they called for her arrest. Reacting, Ireti has now informed the general public that she is not in any way involved in her daughter's business dealings. She said the CEO of Kachi Beauty is "one of my biological offsprings and that is the extent of the relationship." ...
Super TV CEO boss, Usifo Ataga’s Family Petitions IGP, Demands Fresh Probe into Murder
News

Super TV CEO boss, Usifo Ataga’s Family Petitions IGP, Demands Fresh Probe into Murder

The family of the late Super TV Chief Executive Officer, Usifo Ataga, has petitioned the Inspector-General of Police, Usman Alkali, to re-investigate the circumstances surrounding the death of their son at a service apartment in the Lekki area of Lagos State. Counsel to the family of late Ataga, Mike Ozekhome, who disclosed this to Punch, said so far, the police investigation into Ataga’s death was not professionally handled, adding that the police, without obtaining legal advice from the Directorate of Public Prosecutions, arraigned the prime suspect, Chidinma Ojukwu, and other suspected accomplices at a chief magistrate’s court, which had no jurisdiction over murder cases. The Senior Advocate of Nigeria stated that Ataga’s family alleged that one of the arraigned suspected acco...
My Heart Bleeds – Mum Pays Tribute As Super TV CEO Is Buried In Lagos
News

My Heart Bleeds – Mum Pays Tribute As Super TV CEO Is Buried In Lagos

According to a report by The PUNCH, Mrs Sylvia Ataga, the mother of the slain Super TV Chief Executive Officer, Usifo Ataga, has shared fond memories of her son who was laid to rest on Friday at Ebony Vaults in Ikoyi, Lagos State. Sylvia said her heart bled whenever she remembered Usifo’s death, lamenting that it was painful she could not monitor his last moments. Usifo’s wife and children also paid their tributes as friends of the deceased demanded a thorough investigation into his murder. They noted that though he had been buried, the case should not be swept under the carpet. Usifo was found dead with multiple stabs on June 16 at a short let apartment on Adebowale Oshin Street, Lekki Phase I where he had checked in with his lover, 21-year-old Chidinma Ojukwu, a 300-level Mas...
Super TV CEO murder: Chidinma Ojukwu booked apartment where the incident happened using a fake name- Investigation reveals
News

Super TV CEO murder: Chidinma Ojukwu booked apartment where the incident happened using a fake name- Investigation reveals

A preliminary police report on the alleged murder of the Chief Executive Officer of Super TV, Uwaifo Osifo Ataga, indicates that Chidinma Adaora Ojukwu, the 21-year UNILAG student who is the prime suspect in the case, booked the short-let apartment in Lekki where the incident happened using a fake name, Jewel. The report also indicated that several calls placed to a phone number with which 21-year-old Ojukwu booked didn’t go through after Ataga’s body was discovered in the room on Wednesday, June 16. The incident was said to have been reported to the police by the operator of the facility, Mrs Nkechi Mogbo. The report in part reads “Mogbo reported that around 3pm of June 16, 2021, she received a call from her security guard on Adebowale Oshin Street, Lekki Phase I where she h...
Update: Lagos Police Release father of Chidinma Ojukwu, the alleged Killer of Super TV CEO
News

Update: Lagos Police Release father of Chidinma Ojukwu, the alleged Killer of Super TV CEO

The Lagos State Police Command has released the father of 21-year-old Mass Communication student of the University of Lagos, Chidinma Adaora Ojukwu, who allegedly stabbed the Chief Executive Officer of Super TV, Usifo Ataga, to death. Chidinma's father was arrested alongside her on Wednesday, June 23 for resisting her arrest. The police had arrived at their Alagomeji apartment on Wednesday night to pick Chidinma up. However, her father who was convinced his daughter could not have committed such a crime, violently resisted her arrest. The police then picked him up. Following Chidinma's public confession to committing the murder, the police have now released Chidinma's father on bail. Also released on bail is one Nkechi Mogbo, the lady who operated the service apartment where the Un...
Euro 2020: Ronaldo, Pogba Would’ve been Punished in US for Disrespecting Coca Cola, Heineken
Sport

Euro 2020: Ronaldo, Pogba Would’ve been Punished in US for Disrespecting Coca Cola, Heineken

  Carlos Canto, Chief Executive Officer of SPSG Consulting, and Cinto Arjam, founder of CA Sports Marketing, have said that Cristiano Ronaldo and Paul Pogba would not have escaped punishment for their actions against EURO 2020 sponsors, Coca Cola and Heineken, if it had happened in the United States. Ronaldo and Pogba had discarded the respective products of Coca Cola and Heineken at their press conferences. DAILY POST understands that Ronaldo’s act in particular had cost Coca Cola $4billion within a few hours and both players are set to avoid retrospective punishment. The experts noted that the players’ actions have shown the lack of power that both UEFA and the brands have in controlling how elite players behave towards sponsored products. “If this was in the US, ...
First Bank Accepts CBN New Board As Adeduntan Resumes
Business

First Bank Accepts CBN New Board As Adeduntan Resumes

First Bank of Nigeria Limited on Friday said its Chief Executive Officer, Dr. Adesola Adeduntan, who was earlier removed has resumed back to his office in the same capacity. The bank also said it is cooperating with the Central Bank of Nigeria on the board newly constituted for the bank. This was sequel to the pronouncement on the reconstitution of new board of directors for the bank by the Central Bank of Nigeria on Thursday. At a press conference by the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, in Abuja on Thursday, said the boards of FBN Holdings Plc and First Bank of Nigeria Limited were dissolved and reconstituted, pursuant to its power under Banks and Other Financial Institutions Act (BOFIA) 2020. In a statement on Friday titled ‘Corporate state...
First Bank announces new MD/CEO
News

First Bank announces new MD/CEO

First Bank has announced the appointment of Mr Gbenga Shobo as its new Managing Director/Chief Executive Officer. The Board of First Bank of Nigeria approved Shobo's appointment at a meeting today, April 28. Mr Shobo, who is the current Deputy Managing Director, succeeds Sola Adeduntan, who will be leaving the bank in accordance with the bank’s term limit for its Chief Executives. According to the bank, the decision is subject to all regulatory approvals Announcing the appointments, Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited said: "We are proud to announce Gbenga Shobo as our new MD/CEO. His appointment has proven the resilience of our succession planning mechanisms and the value we place on our long-standing corporate governance practices, which un...
The CEO of HighTunes Records robbed in Ghana
News

The CEO of HighTunes Records robbed in Ghana

Precious Ekwueme, the Chief Executive Officer of HighTunes Records, has lamented about his recent robbery and burglary attack in the city of Accra, Ghana. Mr. Ekwueme was lodged at Pearl in the City Apartments housing Capitol Restaurant. On the night when he was to leave Accra, armed robbers got into his room through the window and carted away with his things, leaving just his international passport with him. According to him, the CCTV showed that the armed robbers had been standing by the window for sometime, waiting for their chance. “The security system was poor,” he said. “They were sleeping. So much negligence from their part.” He has sued the management of the apartment and he claims they have threatened him. “Even the girl that is there, they tried to beat her when t...
British Racing Giant, McLaren, Signs 13-year-old Nigerian-American Ugo Ugochukwu
Sport

British Racing Giant, McLaren, Signs 13-year-old Nigerian-American Ugo Ugochukwu

British motor racing giants, McLaren Racing, has signed Nigerian-American Kart racing young prodigy, Ugo Ugochukwu, on a long-term agreement to support him through racing's junior categories. The Formula 1 team said in a statement that the agreement gives them an option to sign Ugochukwu to a race deal in the future. McLaren Racing chief executive officer Zak Brown said: "We've been watching Ugo's progress with interest. "So when the opportunity to sign an agreement with him became available, we had no hesitation moving on it." McLaren describes the move as a multi-year contract with Ugochuku and could tie him to a further multi-year racing deal. Ugochukwu, whose mother is Nigerian and father American, won the 2020 FIA OK-Junior European championship and has graduate...
YouTube Set to Lift Trump Ban if Violence Threat Falls
Politics

YouTube Set to Lift Trump Ban if Violence Threat Falls

YouTube's chief executive officer has announced that the video sharing/streaming platform may lift Donald Trump's suspension, if the threat of "real-world violence" decreases. CEO Susan Wojcicki said the social media company will look at government warnings and watch out for violent rhetoric to determine when it's safe to lift the suspension. Recall YouTube alongside Facebook, Snapchat and Twitter suspended the former US president following the Capitol Hill riot carried out by Trump supporters on 6 January that left five dead. YouTube said he had violated their incitement of violence policy and had to suspend him. "It's pretty clear that right now where we stand, that there still is that elevated risk of violence," the YouTube chief said during an interview with the Atlanti...
“We Are Abusing The Word CEO” – Nigerian Woman Explains
News

“We Are Abusing The Word CEO” – Nigerian Woman Explains

Nigerian Business Developer, Omobaabirin Adedotun, is of the opinion that Nigerians abuse the word, Chief Executive Officer (CEO). Taking to her Twitter handle, she wrote: "Let me say this again. CEO means Chief Executive Officer. For there to be a CHIEF amongst the Officers. It means there must be other Officers. If you are selling Gowns on WhatsApp. You are a Trader. That's what you are." "If you are selling Wigs, shoes and the likes on WhatsApp. You are a Trader. That's what you are. It doesnt take anything from your Enterprenuership Journey but common, we are abusing the word CEO."
Gokada CEO Fahim Saleh Brutally Murdered
News

Gokada CEO Fahim Saleh Brutally Murdered

Fahim Saleh, founder and Chief Executive Officer of ride-hailing company Gokada, is dead. Saleh’ s dismembered and decapitated remains were found in his home on Manhattan’s Lower East Side on Tuesday afternoon, according to The New York Times. His dog, Laila, was, however, found alive in the apartment at 265, East Houston Street near Suffolk Street. The 33-year-old technology entrepreneur was gruesomely murdered by assailants who scattered his body parts in different locations within the apartment. According to homicide detectives, his torso, head, limbs, and an electric saw were found separately in the apartment, adding that effort had been made to clean up any evidence of what had happened. The police did not immediately identify the man, but several friends who spoke on the condi...
Union Bank Staff Dies From Coronavirus in Lagos
News

Union Bank Staff Dies From Coronavirus in Lagos

A Union Bank staff has died from Coronavirus complications as confirmed by the Chief Executive Officer of the Bank, Emeka Emuwa. In an internal memo made public on Monday May 4, it was gathered that the bank staff died while on treatment for Coronavirus at the Infectious Disease Center in Yaba, Lagos. The bank staff was working remotely since March before contracting the disease. The memo reads in part;   “Dear colleagues, notwithstanding the easing of the lockdown, the threat of COVID-19 remains high and real. Today, we received a painful reminder of this threat. “We are deeply saddened to announce that one of our colleagues died in the early hours of today (Monday, May 4th) while being treated at the Infectious Disease Center in Yaba, Lagos.”
Ramadan: Wait for official announcement before commencing fast – MUSWEN warns Muslims
Religion

Ramadan: Wait for official announcement before commencing fast – MUSWEN warns Muslims

Muslim Ummah of Southwest Nigeria (MUSWEN), the umbrella body of Muslims in the South West region on Sunday, warned Muslim faithful against commencement of this year’s Ramadan fast without an official announcement. MUSWEN Executive Secretary/ Chief Executive Officer, Professor Muslih Tayo Yahya, gave this warning via a statement made available to DAILY POST in Ibadan, the Oyo State capital. Yahya, a retired Professor and one time Director, Academic Planning and Administration at the University of Jos, in the statement, advised Southwest State Muslim Communities as well as Muslim organizations to wait for an authoritative official announcement by the Sultan before commencing this year’s Ramadan fast. He admonished all Muslims in the region to guard against any speculation about the...
UEFA Ban: Manchester City CEO, Soriano Finally Breaks Silence
Sport

UEFA Ban: Manchester City CEO, Soriano Finally Breaks Silence

The Chief Executive Officer of Manchester City, Ferran Soriano has finally reacted to the UEFA ban on the club. DAILY POST recalls that Pep Guardiola’s side were handed a two-season ban from the Champions League and Europa League last Friday. Man City were found to have seriously breached their club licensing and financial fair play regulations. Reacting to the development, Soriano said UEFA’s allegations to ban Man City are not valid. “The fans can be sure of two things,” Soriano told Man City’s official website on Wednesday. “The first one is that the allegations are false. And the second is that we will do everything that can be done to prove so. “The most important thing I have to say today is that the allegations are not true. They are not true.”
Galaxy boss arrested over N7bn Ponzi scheme
Crime

Galaxy boss arrested over N7bn Ponzi scheme

EFCC has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of mouth-watering returns on their investment in his companies. Dalori had incorporated the firm in 2012, with one tricycle (Keke NAPEP), which, through pool investments by members of the public, later boasted of 50 tricycles. The entrepreneur later diversified into other business ventures while promising mouth-watering returns to investors. The Commission’s investigators discovered that Dalori initially paid 200% interest on investors’ deposits in the firm and later reduced the interest to 135% before the scheme crashed in 2018. To suck as many unsuspecting victims i...
EFCC Traces 61 Dubai Assets To Cecilia Ibru
News

EFCC Traces 61 Dubai Assets To Cecilia Ibru

The Economic and Financial Crimes Commission(EFCC) has traced 61 assets to former Managing Director/Chief Executive Officer of Oceanic Bank Mrs. Cecilia Ibru in Dubai in its ongoing tracking of looted funds. The assets include 41 shops, 16 mansions and four park towers. All the properties have been confiscated, but their sale is trailed by controversy because about $4,522,413.20 remain unaccounted for in the last seven years. Out of the over $7million purportedly realised from the disposal of the properties, the Assets Management Corporation of Nigeria(AMCON) only received $3,278,238.69 from the proceeds. The controversy over the sales led to the EFCC’s interrogation of four AMCON officials and former head of the transactions, who is now with a bank. More bankers have been i...
#BBNaija: Nairabet CEO, Akin Alabi Offers Cee-C A Job Opportunity
News

#BBNaija: Nairabet CEO, Akin Alabi Offers Cee-C A Job Opportunity

The Chief Executive Officer of sports betting site,  – Oloye Akin Alabi has decided to offer Cee-C a job opportunity. The wealthy business entrepreneur took to his Twitter account to woo Cee-C who is also enjoying invitations from top commercial brands despite the harsh media reports that have described her as a very ‘bitter and angry woman’. “I didn’t watch Big Brother but following it on Social Media, it seems that CeeC is a fiery and combative person. Sounds like someone I will like to hire.” he posted on Twitter. 25-year old Cee-C is a non-practising lawyer who reportedly worked as a secretary at a small firm before the Big Brother Naija reality show where she narrowly lost the N45 million prize money to Miracle. Cee-C became popular in the show following her dramatic romance with To...
Cellulant Gets CBN’s Payment Approval
News

Cellulant Gets CBN’s Payment Approval

The Central Bank of Nigeria (CBN) has issued an approval in principle to Cellulant Nigeria Limited to operate as a Payment Solution Service Provider in Nigeria having satisfied the stringent requirements of the CBN. This approval makes Cellulant one of the Payment Solution Service Providers (PSSP) in Nigeria. PSSPs are the companies that make up the underlying e-Payment infrastructure in Nigeria. Banks, Online Merchants, payment processors, merchants, state-governments and consumers connect to PSSPs to meet their electronic payment needs. Cellulant is the provider of the Tingg Payment Service & AgriKore Customer Relationship Management (CRM) service that is used by Governments, private sector companies, farmers, merchants in Nigeria & the rest of Africa, Asia to ensure end to...
Former Lagos State Police Commissioner, Arabamen Dies At 72
News

Former Lagos State Police Commissioner, Arabamen Dies At 72

Former Lagos State Police Commissioner (PC), Young Arabamen, is dead, aged 72. Arabamen’s death was confirmed by his first son, Ose, who said his father died at about 10:00 p.m. on Wednesday. According to Ose, the ex-PC suffered a brief illness and was recuperating before he breathed his last. “My father died in his sleep. He was sick briefly and was recuperating before he died. He passed on March 14, at about 10:00 p.m. in his sleep,” Ose told The Nation. “Before he went to bed, he took some soup. I will say his death was peaceful. We have not made burial arrangements yet. We are still meeting. Further actions would be communicated to the public,” he said. Meanwhile, until his death, Arabamen served as Deputy Commissioner of Police and Force Police Public Relations Officer ...
Buhari Re-appoints Segun Awolowo As NEPC CEO
News

Buhari Re-appoints Segun Awolowo As NEPC CEO

President Muhammadu Buhari has re-appointed Mr. Olusegun Awolowo as the Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC). In a terse statement, Mr. Femi Adesina, Special Adviser to the President on Media and Publicity, said Awolowo’s letter was signed by Mr. Boss Mustapha, Secretary to the Government of the Federation (SGF). Disclosing that the appointment will subsist for another four years, Adesina said: “Mr. Awolowo, a lawyer and scion of the Obafemi Awolowo family, was first appointed to the NEPC position in 2013.”  
FG To Train 100 Rice Farmers In Kebbi – Ogbeh
News

FG To Train 100 Rice Farmers In Kebbi – Ogbeh

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, says the Federal Government will train 100 rice farmers in Kebbi, as part of efforts to boost rice production in the country. The minister said this in Birnin Kebbi when he declared open the two-day Farmers Forum and Exhibition, jointly organised by the Kebbi Ministry of Agriculture and Daily Trust Newspapers. Ogbeh, who was represented by a director in the ministry, Mr Abdullahi Shehu, said that Gov. Atiku Bagudu had elevated the status of Kebbi in commercial rice production. He said that the training of the 100 farmers from Kebbi in commercial rice production was in recognition of the success which the state government had recorded in rice production under the Anchor Borrowers’ Programme of the Central Bank of ...
Traders To Close Shops Over Kidnapping In Calabar
News

Traders To Close Shops Over Kidnapping In Calabar

This is one too many since the turn of the year in Calabar, Cross River State. The fear of kidnappings is so strong it is altering life in the serene and peace city of Calabar. And the target these days seem to be thriving businessmen. Barely 48 hours after five spare-parts dealers were kidnapped in Cross Rivers State two weeks ago, another businessman, Mr. Sunday Ekanem, Chief Executive Officer of Akito Rentals, was last week kidnapped at his residence in Atu Street, off Academy in Calabar South Local Government Area of Cross River. Ekanem’s kidnap was the second in his life, having been abducted before in November 2014. Earlier, five Igbo businessmen had been abducted by hoodlums within three weeks this year in Calabar metropolis, causing fear among the Igbo community in the state....
Okorocha’s Wife, Communities Laud Seplat’s CSR
News

Okorocha’s Wife, Communities Laud Seplat’s CSR

Seplat Petroleum Development Company Plc, operator of the NNPC/Seplat Joint Venture, has launched the inaugural edition of its Eye Can See Programme  Corporate Social Responsibility (CSR) programmes for its host communities in Imo State. The programme was initiated six years ago in Sapele, Delta State, the operational base of Seplat’s Western assets. The launch witnessed a large turnout. For the programme, beneficiaries had their eyes tested, received prescribed glasses and some had surgeries for cataract related visual impairments. The Safe Motherhood Programme saw beneficiaries – pregnant women and nursing mothers – receive lectures on danger signs of pregnancy and nutrition in pregnancy. They were also presented with Safe Motherhood kits made up of a maternity bag, vitamin s...
Excitement As Airtel Launches 4G Network In Ibadan
News

Excitement As Airtel Launches 4G Network In Ibadan

As part of the efforts of Airtel Nigeria to improve its services, the company yesterday, launched the deployment of its 4G (LTE – Long Term Evolution) service in Ibadan, Oyo State. The Oyo State capital is the first city in Nigeria where it launched the 4G network. The company says its Ibadan 4G launch signals a new dawn in the Nigeria’s telecoms landscape and a foretaste of its quest to provide seamless and reliable mobile Internet experience across key cities in Nigeria in 2018. Chief Executive Officer & Managing Director of Airtel Nigeria, Segun Ogunsanya, while speaking during the launch, said with the 4G launch, Airtel will power people, businesses and cultural advancement through technology in Ibadan. “Airtel 4G will help drive growth, spread prosperity and empower th...
‘Non-Oil Economy Still In Recession’
News

‘Non-Oil Economy Still In Recession’

Nigeria’s economy is still vulnerable with fragile growth driven by increased oil production and rising crude oil Price. Chief Executive Officer, RTC Advisory Services Limited, Mr. Opeyemi Agbaje made this observation at a media parley in Abuja. He noted that, while there was miraculous reversal in oil price and production out put,  other sectors such as manufacturing, services sector, telecommunications are yet to come out of the recession. According to him, “Nigeria’s economy witnessed miraculous reversal in terms of oil price and production. The country came out of recession because of oil growth. The economy of shell oil, NNPC and other oil firms may have come out of recession but other sectors are still grappling with recession.” He pained an optimistic picture by assuri...
Full List Of The Richest Russian Politicians And Oligarchs
News

Full List Of The Richest Russian Politicians And Oligarchs

The United States Government has released the names of 210 prominent Russians, many with close ties to the Kremlin. The list, which the US administration had been required by law to release, includes 114 senior political figures and 96 oligarchs, all of whom rose to prominence under Russian President Vladimir Putin. The administration was required to name the companies and individuals and consider whether to sanction them under legislation meant to punish Russia for its interference in the 2016 US election, as well as its human rights violations, annexation of Crimea and ongoing military operations in eastern Ukraine. The list, which includes senior members of Putin’s Cabinet and Chelsea Football Club owner Roman Abramovich, reads like the US has “simply rewritten Kremlin’s phone ...
Tinubu, Elumelu, Cole Push Nigerian Business Perspectives At Davos
News

Tinubu, Elumelu, Cole Push Nigerian Business Perspectives At Davos

Notable Nigerian business leaders, including the founder of the Tony Elumelu Foundation (TEF), Mr. Tony Elumelu; the Group Chief Executive, Oando Plc, Wale Tinubu and the Chief Executive Officer of Diamond Bank Plc, Mr. Uzoma Dozie, joined global business executives and Heads of States to share Nigerian business perspectives at the just concluded World Economic Forum (WEF) in Davos, Switzerland. Over the last 48 years, the WEF has evolved into a global platform for business, government and civil society to come together to shape global, regional and industry agendas. Other Nigerian business leaders that participated in the forum were the Executive Director and Co-founder Sahara Group, Tonye Cole, as well as a Nigerian government delegation led by Vice President Yemi Osinbajo. The WEF al...
Currency Hoarders Risk Huge Losses Over Naira’s Positive Outlook
News

Currency Hoarders Risk Huge Losses Over Naira’s Positive Outlook

The naira is set for a smooth sail against other currencies from now till a greater part of 2018. This could spell doom for hoarders including politicians who may have reserved some of such currencies for the 2019 electioneering.   The positive outlook is riding on the back of resurging reserves' profile, now nearing $41 billion, and stable crude oil prices at the international market, oscillating between $68 and $71 per barrel.   It is also bolstered by the sustained management of the foreign exchange (forex) market, which has reduced the country's import bill to $1.5 billion monthly from a record high of $5.5 billion as at February 2017. This is as items like rice, starch, toothpick and margarine are being substantially controlled in the importation bill and produce...
Suleja Gets N100m Domestic Gas Plant
News

Suleja Gets N100m Domestic Gas Plant

A private company, Eegoja gas, on Sunday inaugurated an 80 metric tons N100 million modern domestic plant in Kwankwashe, Suleja Local Government Area of Niger state. Mr Paul Ekele, the Chief Executive Officer of company, said that the plant would improve the economy of the area as well as create employment for the people. He said that the concept of the company came as an inspiration to remain connected to the needs of the people. “Eegoja gas is intended to serve the people and empower them through the value chain. “There is a growing demand in cooking gas because it is the cheapest among burning fuel and it is less stressful. “The demand for gas is becoming higher than the supply, that is why I am calling on my big brothers and friends to venture into the same business beca...
ABUAD Partners UAE Hospital In Training, Consultancy, Medical Administration
News

ABUAD Partners UAE Hospital In Training, Consultancy, Medical Administration

In an effort to curtail spending huge sums of money by Nigerians on medical treatments abroad, the Afe Babalola University, Ado Ekiti (ABUAD) has signed a Memorandum of Understanding (MoU)  with the Aster Group of Hospitals, Dubai, United Arab Emirates in areas of training, consultancy, offering of technical expertise and medical administration. The partnership, according to ABUAD’s founder, Chief Afe Babalola (SAN), which he said would be permanent, will pave the way for the Dubai-based medical institution to assist Afe Babalola Teaching Hospital in its smooth take-off. Speaking after the memorandum was signed Tuesday, Dr. Navin Pascal, who spoke on behalf of the Chief Executive Officer (CEO) of Aster, said the hospitals have subsidiaries in nine countries and had been receiving p...
News

Diamond Bank Receives ISO/IEC 20000-1:2011 Certification

Diamond Bank has been awarded the ISO/IEC 20000-1:2011 certification by the British Standard Institute (BSI) Group. The certification, which was awarded after a rigorous process and systems audit by qualified BSI auditors, is a seal of approval that the Bank’s network architecture, software design, security policies, procedures and protective practices conforms to global security standards in data and financial service delivery system. The ISO 20000:2011 certification for Service Management System (SMS) is the World’s highest standards of information technology service delivery, demonstrating Diamond Bank's commitment to a world-class, customer-focused service culture and environment. Commenting on the award, Uzoma Dozie, the Bank’s Chief Executive Officer, stated that Diamond Ban...
Keep Hope Alive, Experts Urge Parents Of Children With Sickle Cell Disorder
News

Keep Hope Alive, Experts Urge Parents Of Children With Sickle Cell Disorder

Experts in Sickle Cell Disorder,SCD, management have urged parents of children with the disorder to keep hope alive saying, "it is wrong to presume that a child with SCD cannot live up to 21 years. Speaking on care and management of SCD during a medical outreach Programme organised by Crimson Bow Sickle. Initiative, Dr. Babatunde Aderole urged parents parents to keep hope alive over children with sickle cell disorder. "They can live long like any other child. It all depends on quality of care given to the children," he said. He recommended adequate nutrition, clean environment and medical attention as vital for children with SCD.  Adewole advised against discrimination of children with SCD, explaining that it is not contagious and does not prevent close interaction. On her part, the...
Ex-Google Engineer James Damore Sues For Discrimination
News

Ex-Google Engineer James Damore Sues For Discrimination

A former Google engineer fired after he asserted in a memo that biological causes were behind tech industry gender inequality sued his former employer on Monday, saying he was discriminated against as a white man with conservative political views. James Damore last year caused an uproar in Silicon Valley and beyond when he wrote the internal memo, which later became public. Google said he had perpetuated gender stereotypes and fired him in August. In the months since, his firing has become a popular cause among right-leaning U.S. bloggers, and Damore hired a Republican Party official as his attorney. Damore and another white male former Google engineer, David Gudeman, filed the lawsuit as a proposed class action in Santa Clara County Superior Court in California. The lawsuit alleg...
Med-View Airlines Apologises To London, Dubai Routes Passengers
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Med-View Airlines Apologises To London, Dubai Routes Passengers

Med-View Airline yesterday offered apology to passengers who were affected by its operational hitch between December 22 and 27, 2017, just as it announced the normalisation of flights on the Lagos-London and Lagos-Abuja-Dubai routes. Chief Executive Officer (CEO), Muneer Bankole, said:"We sincerely offer our unreserved apology to all our esteemed customers/passengers for the inconveniences experienced between December 22 and 27, 2017 due to challenges in our flight operations. "We recognized and acknowledged that the little we did to ameliorate your pains cannot compensate adequately for the days you lost, and not being able to meet with your loved ones or keep important appointments during the Yuletide season while your flights were rescheduled." The CEO explained that the airline orde...
Union Bank of Nigeria Announces Changes To Its Board Of Directors
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Union Bank of Nigeria Announces Changes To Its Board Of Directors

Union Bank of Nigeria Plc (Union Bank) has announced changes to the membership of its Board of Directors with the retirement of an Executive Director, Mr. Ibrahim Kwargana and the resignations of Non-Executive Directors, Engr. Mansur Ahmed, Chief Dr. (Mrs.) Onikepo Akande and Mrs. Arina McDonald in October 2017. Mr. Kwargana’s retirement comes after 33 years in the banking sector. He was appointed as an Executive Director in 2009 by the Central Bank of Nigeria (CBN), and until his retirement, was responsible for the Bank’s Public Sector business as well as commercial business development for the northern region. Engr. Ahmed, Dr. (Mrs.) Akande and Mrs. McDonald resigned following the successful completion of their tenures on the Board of the Bank or the core investor represented. U...
FMBN Disburses N74b For Housing
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FMBN Disburses N74b For Housing

The Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa said in Benin at the weekend that over 4.6 million workers are partaking in the National Housing Fund (NHF) scheme, and that the bank has disbursed not less than N74bn to low and medium income earners to get their own houses. Dangiwa stated this, when he handed over keys to the first batch of beneficiaries of three bedroom-detached bungalows in Benin. Represented by the bank’s Executive Director, finance and corporate services, Melville Ebo, he said: “FMBN has advanced facilities for home renovation and expansion for housing development loans to cooperative societies to build houses for their members. “All these are efforts at making economically less-privileged Nigerians have access to affor...
Innoson Withdraws Ex Parte Application Against EFCC, GTB
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Innoson Withdraws Ex Parte Application Against EFCC, GTB

Innoson Nigeria Limited and its Chief Executive Officer/Managing Director, Mr. Innocent Chukwuma, on Friday withdrew an ex parte application they filed against the Economic and Financial Crimes Commission. The other defendants in the ex parte application filed before the Federal High Court in Lagos are the Federal High Court, the Attorney General of the Federation, the Nigeria Police Force, the Inspector-General of Police and Guaranty Trust Bank. In the ex parte application, Innoson alleged that his recent arrest and detention by the EFCC was at the instance of GTB. Though the ex parte application was filed on Thursday, Justice Hadiza Shagari had adjourned till Friday to hear it. When the matter was, however, called on Friday, counsel for GTB, Adebowale Kamoru, showed up in court, sayi...
Empowering Rape Victims My Priority – Miss Nigeria, Ehiguese
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Empowering Rape Victims My Priority – Miss Nigeria, Ehiguese

The newly crowned Miss Nigeria, Mildred Ehiguese, said that her main priority would be to cater for victims of rape and other survivors of child abuse in the country through empowerment. Ehiguese, 24, said this after she emerged the overall winner out of the 41finalists that contested for the coveted position in the early hours of Friday. She also told newsmen that “her victory is the Lord’s doing’’. Newsmen report that the 41st Miss Nigeria was until her emergence Miss Adamawa and a graduate of Psychology from the Redeemers’ University in Ede, Osun. The event took place at the Eko Hotels and Suites on Victoria Island, Lagos State, and was graced by several dignitaries. Ehiguese , who hailed from Edo, said that  she would show her appreciation by living up to expectations during her ...
Innoson Boss, Chukwuma Opens Up On Arrest By EFCC
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Innoson Boss, Chukwuma Opens Up On Arrest By EFCC

Chief Executive Officer (CEO) of Innoson Group, Innocent Chukwuma, has revealed that operatives of the Economic and Financial Crimes Commission (EFCC), dragged him out of his house in pyjamas. Chukwuma said this when he returned to Enugu on Thursday afternoon. The billionaire businessman was arrested on Tuesday, with the EFCC claiming he had refused to honour several invitations by the agency. But he has now denied the claim and insisted he was never summoned. Describing his arrest as illegal, Chukwuma promised to “reveal the truth” in due time. “I still maintain that my arrest was illegal, as there was never a period that EFCC under the leadership of Ibrahim Magu invited me for any reason,” he said. Chief Executive Officer (CEO) of Innoson Group, Innocent Chukwuma, has r...
Over 20,000 Parents Explore SchoolsCompass Option For School Search
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Over 20,000 Parents Explore SchoolsCompass Option For School Search

As each new term approaches, parents are faced with the task of choosing good schools for their children, over 20,000 parents visit SchoolsCompass website monthly in search for good schools. The Chief Executive Officer, CEO, SchoolsCompass, Mr Boye Oshinaga who spoke during a press conference in Lagos said that rather than parents relying solely on recommendations of friends for an  ideal school, they can search for schools from the comfort of their room through the internet. He disclosed that over 1,000 schools have  increased enrolment into their schools by connecting to SchoolsCompass who connects them to ready parents looking for schools to enrol their kids. “Some find this exercise quite difficult given that there are ever increasing options of private schools to choose from but la...
EFCC Arrests Innoson Motors Boss, Innocent Chukwuma
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EFCC Arrests Innoson Motors Boss, Innocent Chukwuma

The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Mr Innocent Chukwuma, the Chief Executive Officer (CEO) of Innoson Group. This was disclosed on Tuesday by the company in a series tweets it posted on its Twitter handle, claiming that its CEO was arrested without prior invitation. Innoson Group in its tweets blamed the Guarantee Trust Bank (GTB) for the arrest of its CEO, Mr Chukwuma. The company via its Twitter handle, @innosonmotors, wrote: “GTB vs Innoson ‘illegal Arrest’ hundreds of factory workers from Innoson factory Emene Enugu protests the illegal bundling of Innoson to Lagos by EFCC organised by GTB. “Like a commando style, GTB uses EFFC to storm Innoson Enugu Residential Home to bundle him to Lagos like a common criminal without any p...
For Manufacturing Sector, Recession Continues
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For Manufacturing Sector, Recession Continues

The manufacturing sector, which fell from a positive outlook to negative during the 2016 recession, rose briefly in the first quarter of 2017, aided by some policy initiatives. However, it plunged back to a negative position in the third quarter of 2017. ANNA OKON takes a look at the situation The story of the rise and fall of the Nigerian manufacturing sector in the last two years has been well documented by the National Bureau of Statistics. According to the NBS data, the first positive growth for the sector since 2016 was 1.36 per cent, recorded in the first quarter of 2017. The performance however dipped a bit in the second quarter of 2017 to 0.64 per cent and nosedived to -2.85 per cent in the third quarter. Difficult period 2016 was a particularly tough period for manu...
Court Orders Arrest Of Access Bank MD For ‘Flouting’ Order On Accounts
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Court Orders Arrest Of Access Bank MD For ‘Flouting’ Order On Accounts

A High Court of the Federal Capital Territory (FCT), in Bwari, Abuja, on Thursday issued a bench warrant for the arrest of the Managing Director and Chief Executive Officer of Access Bank Plc, Herbert Wigwe and two others. Also named in the arrest warrant were senior official of the bank, Mrs. Neka Adogu and Access Bank Plc. Justice Othman Musa issued the arrest warrant after lawyer for the prosecution, Osuebeni Akposinimingha complained of difficulty in getting Wigwe and others to attend court to answer charges pending against them. The Independent Corrupt Practices and other Related Offences Commission (ICPC) had last week filed a four-count charge marked CR/32/2017 against Wigwe and others, following which the court fixed Thursday for their arraignment. Wigwe, Mrs. Adogu and...

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