After a two-year disappearance following a high-profile financial scandal, Chinmark Group made a surprise return on Wednesday, resurfacing on social media to make its first public statements since 2022. This marked the company’s first communication with the public since it was accused of withholding billions of naira from thousands of investors. Chinmark, previously a prominent Nigerian investment firm, attracted significant media attention in 2022 after it failed to return funds to its investors, leaving many Nigerians in financial distress. In its Wednesday Facebook post titled “A New Dawn for Chinmark Group,” the company declared its return with a renewed commitment…
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Human rights lawyer Femi Falana (SAN) has criticised the Federal Capital Territory Minister, Nyesom Wike, over his recent actions concerning the demolition of houses and the provision of housing and cars to judges. Speaking on Channels Television’s Politics Today on Wednesday, Falana argued that Wike’s actions were unconstitutional and illegal. He stressed that if judges require housing, it should be managed by the National Judicial Council and not by state or federal officials. Falana pointed out that if the executive intends to assist the judiciary, the appropriate channel is through the National Assembly. He also condemned the idea of a…
Human rights lawyer Femi Falana has raised concerns over a recent initiative by Nyesom Wike, Minister of the Federal Capital Territory (FCT), to gift houses to judges, suggesting that the move could compromise judicial independence. The controversy began in September when Wike announced a project to construct 40 houses in Abuja for members of the judiciary. Under the plan, 20 of these houses would go to judges of the FCT high court, while 10 would be allocated to the federal high court judges and 10 to the court of appeal judges. This announcement was met with widespread criticism, with some…
Olam Group Ltd. received a non-binding offer from a state-owned Saudi investment firm for its agribusiness unit, according to a statement Friday, confirming an earlier Bloomberg News report. “The company is reviewing and in discussions regarding a potential sale of its stake in the Olam Agri business,” Olam said. “No definitive terms or formal legal documentation have been agreed upon.” Citing people familiar with the matter, Bloomberg had reported that Saudi Agricultural & Livestock Investment Co., controlled by the country’s sovereign wealth fund, was in advanced talks on a transaction that would value Olam Agri Holdings at about $4 billion.…
‘Nigeria Is A Zoo Country,’ Says Former Ondo First Lady, Betty Akeredolu, Whose Husband Refused To Hand Over To Deputy Despite Protracted Ailment. Ondo State’s immediate past first lady, Mrs Betty Akeredolu, has described Nigeria as a zoo.Betty on Wednesday said this while drawing parallels between the country’s presidential election and that of the United States via her X account. “Just thinking. 2023 Nigerian Presidential Election Total Votes Cast: 25 million Counting Duration: 5 days.“2024 U.S Presidential Election Total Votes Cast: 155 million Counting Duration: Approx. 10 hours “Moral: When dishonesty is prioritized, simple things become difficult.” However, one of…
President-elect Donald Trump’s recent appointments have raised significant concerns regarding the qualifications and backgrounds of his chosen officials. Matt Gaetz – Attorney GeneralTrump has nominated Congressman Matt Gaetz as Attorney General. Gaetz, with only two and a half years of legal practice, has faced allegations of sex trafficking and involvement with minors. Despite these controversies, Trump asserts Gaetz is fit to lead the nation’s top law enforcement agency. Pete Hegseth – Secretary of DefenseFox News host and Army National Guard veteran Pete Hegseth has been nominated as Secretary of Defense. Hegseth’s limited experience in managing large organizations and his controversial…
I, for one, didn’t like how the establishment dragged Trump from one courtroom to another, practically trying to destroy him—mentally, reputationally, and otherwise. That’s no way to treat a former President. And, as I’ve said before, Biden’s leadership has been nothing short of a disaster when it comes to peace and stability. What really makes me weary, though, are the characters around Trump—one minute, they’re insulting the man, and the next, they’re groveling, just to get their pound of flesh. It’s disgusting and un-American to act so two-faced, grabbing at political power from someone they don’t even respect but can’t…
Mr. Segun has held the position of Executive Vice President for Downstream, where he played a crucial role in enhancing the company’s downstream operations. NNPCL also appointed Mr. Isiyaku Abdullahi as Executive Vice President (EVP), Downstream. Mr. Udobong Ntia has been appointed as the Executive Vice President (EVP) of Upstream.
The $2.8 million mansion, tucked at the end of a private drive, boasts a climate-controlled wine cellar, sauna and four fireplaces — features not uncommon to this wealthy part of the Washington suburbs. But the man who bought the place a couple of years ago did not stick around to enjoy them, neighbors said. He introduced himself, then disappeared, leaving some wondering what was happening behind his nine-foot-tall carved-wood front doors. The mansions in leafy McLean, Va., like mansions everywhere, tend to hold interesting characters with money. Here along a quiet street in a neighborhood called The Ridings, there’s a…
The Ekiti State Government has revoked 8,283.570 hectares of land at Oke-Ako Community in Ikole Local Government, belonging to the Oodua Investment Company Limited, with a large portion of the land being utilised for agricultural purposes. The government has also earmarked N146.3 million as the first tranche of compensation to forty claimants whose crops and economic trees are on the excised portion of the Oodua Company land. According to a statement signed by the Commissioner for Information and Value Orientation, Mr. Taiwo Olatunbosun, and made available to journalists in Ado Ekiti, this was part of the highlights of the decisions…