Thursday 25 June 2015

Popular Billionaire Makes N658b in 1 Day, Equivalent to Debt of All Nigerian States

The 36 states of Nigeria have an estimated total debt, including unpaid salaries, of N658 billion, which is about $3.3 billion. The figure is apparently a huge burden to a country like Nigeria, weighed down by revenue shortfalls, under-develpment and leakages.
But to Spanish billionaire, Amancio Ortega, Europe’s richest man and second richest man in the world, it is all in a day’s job, or rather, just part of the day’s takings.

On Monday, the billionaire added $3.3 billion to his fortune, as shares in Inditex, owner of Zara, the world’s largest clothing retailer, rose 3.9 percent.

The Spanish billionaire’s gain was $500 million more than the combined increase recorded by everyone else among the world’s 10 richest people tracked by the Bloomberg Billionaires Index. The rise caps a surging performance for Ortega in the first half of this year.

His fortune has risen by $11billion to $72billion, an 18 percent rise, compared to the slight decline in the fortunes of Bill Gates, the world’s richest man, and Warren Buffett, the third-wealthiest person on earth.

A Bloomberg report noted that while Ortega still trails Gates’s $86 billion net worth, his fortune has increased 80 per cent in the past three years, double the growth rate of the Microsoft co-founder.
Source: Leadership

This goes to show that Nigeria is not a rich country but our leaders don't know, they are just stealing.

Girl claims footballer Asamoah Gyan impregnated her, threatens to release sex tape



Ghanaian football star, Asamoah Gyan is in the middle of a scandal currently. A university student named Sarah Kwabla claims she is pregnant for the Black Star Captain and is threatening to release a sex tape she made when she and the footballer supposed had sex in her apartment in Feb. this year.

The 22 year old lady, pictured left, is now asking the footballer to furnish her payment and pay her $1,000 monthly for post-natal care. She got lawyers involved and released a statement to Ghanaian media.



Ghanaian media claim that Gyan admitted, through his lawyer, to having sex with the lady but wanted a paternity test conducted before dealing with the lady.

He is also said to have agreed to give her GH¢2000 monthly to take care of herself pending when the result of the paternity test.

The story is trending on Twitter Ghana under the hashtag #asamoahgyan 

APC reacts to PDP's call for Fashola's administration to be probed



The Lagos state chapter of APC has reacted to the call by PDP members in the state asking the incumbent governor, Akinwunmi Ambode to probe the administration of former governor, Babatunde Fashola. APC reacted in a statement released by the Lagos State Publicity Secretary of the APC, Joe Igbokwe today June 24th. The statement in part reads
“Lagos PDP has lost it and is in a journey of self derision and ridicule. APC is not surprised that Lagos PDP continues to demonstrate traits that show it as a jesting group that has no meaningful thing to contribute to the growth and progress of Lagos.
We would have thought that Lagos PDP would, for once, be moved by moral imperatives to demand that President Muhammadu Buhari probe and punish the perpetrators of what is becoming the most horrifying economic crime done to Nigeria by the PDP mandarins especially in the past 16 years.
They are not, rather they are asking Governor Ambode to ‘probe’ the poster regime for productive and accountable governance in this republic. What a party? We want to let the lost and confused parodists in Lagos PDP know that Governor Ambode has hit the ground running just because he has a rich template of productive governance to continue with,” the party said.

Nigerian youngster Ahmed Adamu meets the Queen of England



Nigeria’s Ahmed Adamu -Chairperson, Commonwealth Youth Council shaking hand and discussing youth development issues with the Queen of England during the Queen's Young Leaders award ceremony at Buckingham palace on Monday. More photos after the cut...



Meet the first Nigerian in Bollywood (photos)



His name is Aivboraye Lawrence Osagie. His mum is Indian, and dad Nigerian from Edo state. His family is based in Lagos and Delhi. He's currently in India doing his Masters in Film & TV production and has been featured in a few Bollywood movies. He just featured in one movie titled 'Love is an Illusion' which will be in cinemas in December. See more photos after the cut..



Trailer of his new movie...

Party with Ice Prince, JesseJagz, Vitoria Kimani& Choc Boi Nation



Are you ready for a night of paparazzi, excitement & twerking? Don’t miss spectacular performances from Ice Prince, Jesse Jagz, Victoria Kimani, Ruby Gyang, Pryse, Dice Ailes, Milli, Loose Kaynon and Koker.DjCaise will be manning the ship.

It promises to be a fun filled night with beautiful and classy people Venue is ThePlaceIkeja, 45 Isaac John GRA Ikeja, Lagos. Date is Thursday, 25th June 2015 from 8pm.

Event is hosted by Enigma Variety Nite and Supported by Hennessey The Place Night Club Ikeja GRA is the hottest and coolest club on the mainland right now with off the roof parties with celebrities happening every weekend.

Kim & Kanye made sure their next chid was a boy by only choosing male embryos



According to reports, a source claimed that Kim and Kanye made sure their new baby was a boy by choosing only male embryos.

From Us Magazine
Reality star Kim Kardashian, 34, and husband Kanye West underwent an IVF gender-selection process this spring to predetermine baby No. 2’s sex. "She only had boy embryos implanted,” says a source close to Kardashian, who confirmed the gender on Monday June 21, after Us Weekly broke the news. During the procedure — which can start at roughly $17,000 — doctors isolate fertilized embryos of the preferred sex in a lab, then transfer them to a uterus.
“Kanye and Kim are so excited to complete their family,” says another source of the parents of daughter North, 2. “Kanye loves Nori more than anything, but to make his world complete, he wanted a little boy, an heir,” says a source close to West.

Kylie Jenner enjoys lunch with her mum Kris Jenner & boyfriend Tyga


Kylie and her boyfriend Tyga touched down in Paris today to meet her mum and Kim who're already there. The three were pictured having lunch with Kris' boyfriend Corey Gamble ahead of the star-studded evening at the MailOnline yacht party. More photos after the cut




Photo: EFCC arraigns two suspected fraudsters For $2.25m scam


Find the EFCC Press statement below
The Economic and Financial Crimes Commission, EFCC, has arraigned Alhaji Yerima Suleiman and Mr. Uwem Essien Antia before Justice Lawal Akapo of a Lagos State High Court sitting in Ikeja on a four-count charge bordering on conspiracy, obtaining money by false pretence and forgery. Yerima and Antia ran into troubles, when they were arrested in March, 2015 by operatives of the EFCC for allegedly stealing the sum of $2,250,000 (Two Million, Two Hundred and Fifty Thousand United States Dollars) from two bankers: Aginwa Gladys and Ale Dennis.

The suspects allegedly approached Aginwa and Dennis in February, 2015, offering to sell foreign exchange to the tune of $10,000,000 USD to them. After agreeing on the exchange rate, a sum of N672, 750, 000 (Six Hundred and Seventy Two Million, Seven Hundred and Fifty Thousand Naira only) was transferred from BlueBeam Capital Investment Limited and Capital Field Investment and Trust Limited into the account of one of the bankers: Smiles and Light Limited.

It was from the banker's account that the entire sum was moved into Antia’s account: Kafisto Oil and Gas Limited. Findings showed that the entire sum of N672, 750,000 actually hit Antia's account. A Bureau de Change operator who changed the money into its dollar equivalent, told EFCC's investigators that he went with Antia to his bank, along Bourdillon Road, Ikoyi, Lagos, where the transaction was confirmed. The Bureau de Change operator further revealed that, Antia subsequently transferred the sum of N666, 250,000(Six Hundred and Sixty- Six Million, Two Hundred and Fifty Thousand Naira only) into his own account.

He said he worked out the dollar equivalent of the money, which was $3,127,000 (Three Million, One Hundred and Twenty- Seven Thousand United States Dollar). He said he could only give $3,124,000(Three Million, One Hundred and Twenty-Four Thousand Dollar) to Antia, leaving a balance of $3,000(Three Thousand Dollar), which he promised to give him the next day. Immediately Antia collected the foreign exchange, he reportedly headed for Number 17A, Awolowo Road, Ikoyi, Lagos, where the two bankers and his accomplice, Suleiman were waiting for him. However, rather than handing over the entire foreign exchange to the bankers, he only gave them $1,000,000(One Million Dollars), claiming that he could not source the entire amount. He allegedly promised to give them a balance of $2,250,000 (Two Million, Two Hundred and Twenty- Five Thousand Dollar) the next day.

This balance would be the dollar equivalent of the entire sum of the transaction (N672, 750,000). The bankers said that, since the day Antia and Suleman gave them the initial $1,000,000, all efforts to reach them had proved abortive. "Their cell phones were turned off", they said. However, they lodged a complaint with the EFCC and operatives of the Commission eventually arrested the two fraudsters. The fraudsters, upon their arrest, claimed that they had given one of the bankers, Dennis the balance of the money at the Murtala Mohammed International Airport, Lagos, but investigations by the Commission, showed that no such transaction took place.

Count one of the charge read: "Alhaji Yerima Suleiman and Mr. Uwen Essien Antia on or about the 5th day of February, 2015 at Lagos within the jurisdiction of this Honourable Court with intent to defraud, conspired to obtain money by false pretence from Dennis Ale and Aginwa Gladys. Another count read:"Alhaji Yerima Suleiman and Mr. Uwen Essien Anita on or about the 6th day of February, 2015 at Lagos within the jurisdiction of this Honourable court, with intent to defraud and in order to facilitate your obtaining money by false pretence from Dennis Ale and Aginwa Gladys, forged acknowledgement of receipt dated 6th February, 2015 purported to have been made by Dennis Ale." When the charges were read to them, they pleaded not guilty.

In view of their pleas, prosecution counsel, Gbolahan Latona prayed for a trial date and the remand of the accused person in prison custody. He told the court that the 1st accused person was also a defendant in another fraud charge before another court.

 However, 1st and 2nd defence counsel, Ali Adams and Kabril Akingbolu said they have filed applications for bail and prayed the court for a short adjournment for argument on their bail applications. Justice Lawal Akapo adjourned the matter to November 9, 10, 11, 16, 17 and 18, 2015 and ordered that the accused persons be remanded in Kirikiri maximum prison. Media & Publicity 24th June, 2015 

NASS Crisis: Bukola Saraki blocks moves to read APC’s letter



The Senate on Wednesday rejected a move by some APC Senators to read the letter from the APC leadership recommending some senators to occupy specific principal officers of the senate. Gbenga Ashafa (APC-Lagos East), who relied on Order 15 of the Senate Standing Order, urged that the President of the Senate should read on the floor of the chamber the letter from the party.
“Yesterday, most of the media houses carried a letter that was written by the chairman of our great party, the APC. “We were expecting that that letter which has been received in your office will be read in order to see to the resolution of the party’s leadership tussle,” he said.
He backed the decision of the party leadership to recommend persons to occupy the other positions exclusively preserved for the party. Quoting from Order 28 (1) he read: “There shall be a Majority Leader of the Senate.

The Majority Leader shall be a senator nominated from the party with the highest number of senators. “I believe that that letter should have been read to the hearing of all senators here present. Perhaps that will be the solution to the leadership tussle in the Senate,” he said. The APC National Chairman, John Odigie-Oyegun, had in a letter dated June 23, recommended Senators to occupy the other principal positions.

 The letter recommended Ahmed Lawan as Senate Leader; George Akume, Deputy Senate Leader; Olusola Adeyeye as Chief Whip; and Abu Ibrahim as Deputy Whip. However, Ibn Na’Allah (APC-Kebbi South) immediately countered the point of order and explained that the nomination should be made “from” the party not made “by” the party.

“By the ordinary principles of interpretation of documents that have been agreed by parties, the ordinary letters and words used must be given their effective meaning. “Order 28 used ‘from’, not ‘by’. What this seeks to do is to deter the minority party from nominating the Majority Leader,” he said.

The President of the Senate, Bukola Saraki, who presided over plenary, ruled Mr. Ashafa out of order and declined to read the said letter. He said: “I have listened to Senators Ashafa and Na’Allah. Going by the rules and what has been said earlier, I think I will just note what Senator Ashafa has said. “We will leave the matter as that and in that case, rule that out of order.” Another attempt was made by Kabir Marafa (APC-Zamfara Central) to question the June 9 election of Messrs. Saraki and Ekweremadu, but that too was ruled out of order by the President of the Senate.

Mr. Marafa, relying on Order 110 and 3 (e) (i), of the Senate Standing Order, sought to know which of the Order Books (2011 or 2015) was being used to coordinate the activities of the 8th Senate. He described the 2011 Senate Standing Order as ‘genuine and authentic’ thereby countering the authenticity of the Senate Standing Order 2015. “I am still referring to the events of the 9th of June, 2015, in this chamber. I have two Order Books and I am running into confusion, and I think there’s a need for the President to rule. “Which of the Order Books are we going to use to coordinate the activities of this Senate?’’ he asked.

Mr. Marafa insisted that there was a conflict in the two books as to the procedure that should be taken for election of presiding officers of the senate. Proffering explanation, the Deputy President of the Senate, Ike Ekweremadu, said that from 1999 till date, the Senate had come with its own rules. “There was Senate Rule of 1999, 2003, 2007, 2011 and now 2015.

The reason is quite simple. “If you look at Section 64 of the 1999 Constitution it says that the Senate and House of Representatives shall each stand dissolved at the expiration of a period of four years commencing from the date of the first sitting of the house. “So, the implication is that the rule he was referring to ended with the Senate on the 6th of June,” he said. The President of the Senate thereafter ruled Mr. Marafa out of order.