Man they say attains his highest distinction only when he leads a purposeful life. This clearly defines Prince Bode Adetoyi, who was born about fifty-four (54) years ago into Iletitun ruling house of Oke Afin, Otun Ekiti in Moba local government of Ekiti state. Sired by hardworking parents who wanted the best for their precocious son, the best they could give Olabode, was directing his path towards education. Like a child who was climbing the ladder of life, he excelled at every stage of his educational pursuit, and he continued till he got to the pinnacle. His educational sojourn saw…
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Geregu Power’s N46.1 billion in trade receivables is a sticking point for its auditors, as the Electricity Generating Company or GENCO is in talks with Afreximbank for a potential acquisition of a portion of its shares. Geregu booked an impairment charge covering 16% of the receivables in its 2022 financial statement. “The company bills its sole customer monthly based on energy and capacity charges. The risk of impairment to trade receivables relates to both capacity and energy charges as the customer does not pay as and when due,” PricewaterhouseCoopers, its auditor said. “We focused on this area due to the…
•PDP: Ex-VP will bring back jobs, manage debts transparently •Party plans big for Kano rally February 9 Ibrahim Shuaibu in Kano and Adedayo Akinwale in Abuja Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, yesterday, took a swipe at his All Progressives Congress (APC) rival, Bola Tinubu, and described him as a hypocrite over his attempts to extricate himself from the failures of the APC-led government. This is as the Peoples Democratic Party (PDP), has said Atiku and his running mate, Dr. Ifeanyi Okowa, were adequately prepared to transparently manage the nation’s economy and create jobs for the masses. At the…
Pledges support for ObiThe Igbo World Assembly (IWA) has called on Ndigbo across the country to ignore calls to boycott the 2023 general elections. The umbrella body of Igbo organisations across the world urged Ndigbo to support the presidential candidate of the Labour Party (LP), Peter Obi, and ensure the former governor of Anambra State wins the February 25 polls. In a statement by the Vice Chairman of IWA, Christian Onuorah, and Secretary General, Oliver Nwankwor, after a global zoom teleconference, the group said Obi, if elected, would make positive changes in the country. The Igbo Diaspora group disclosed that…
The Independent Corrupt Practices and Other Related Offences Commission, on Wednesday, arrested an Abuja-based Twitter user, Oluwadarasimi Omoseyin, with the handle @SimisolaGold and Twitter name Simisola of Lala, for offering new naira notes for sale on social media Our correspondent gathered that, although Omoseyin was yet to mention other members of the syndicate, she was cooperating with investigation. The arrest was as a result of intelligence received which led the ICPC officials to seek out and promptly arrest the suspect. The spokesperson for the anti-graft agency, Mrs. Azuka Ogugua, revealed in a statement obtained by our correspondent on Wednesday night.…
Court Adjourns Fayose’s Alleged N6.9bn Fraud Trial Till March 20 Justice Chukujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, February 1, 2023, adjourned further hearing in the trial of a former governor of Ekiti State, Ayodele Fayose, and his company, Spotless Investment Limited, over an alleged N6.9bn fraud, till March 20, 2023. The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, had, on Tuesday, July 2, 2019, re-arraigned Fayose and Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine…
Sen. Ibikunle Amosun, (APC-Ogun Central), on Wednesday led the governorship campaign of the African Democratic Congress (ADC) in the state against the interest of his party. Amosun, also a former Governor of Ogun, had rejected the governorship candidate of his party, Dapo Abiodun, also the incumbent Governor and openly declared his support for Biyi Otegbeye, the ADC Governorship candidate. The News Agency of Nigeria (NAN) reports that the campaign trail stormed the Ake Palace Ground, Abeokuta, venue of the formal inauguration of the ADC campaign. Amosun, addressing the ADC members, said that he was not in support of Abiodun’s second…
Elon Musk’s owned SpaceX has officially launched its Starlink satellite internet services in Nigeria, making Nigeria the first Africa country to have Starlink. Recall that SpaceX had announced back in May, 2022 that it had gained approval from the Nigerian government to begin operation in the country and on January 30, 2023, the company took to its official Twitter page to announce that Starlink is now Available in Nigeria. In this article, I will be telling you everything you need to know about Starlink Internet, how much it costs to get it in your house or office in Nigeria and…
The popularity of ChatGPT, the online chatbot built by OpenAI, has brought many to question the survival of search engines such as Google. Paul Buchheit, the creator of Gmail, has also dropped his opinion on the matter, and he thinks that Google’s business will last a maximum of two years, he tweeted. Launched in November last year, ChatGPT has become the favorite destination to ask questions among millions of users. Instead of delivering a response to a search result that runs into tens of pages, ChatGPT answers the questions in a conversational style, making it easier for the user to…
Elon Musk’s satellite company, SpaceX, has slashed the costs of its hardware and subscription plan to N274,098 and N19,260 per monthly, respectively. We earlier reported that Starlink had fixed $600 and $43 dollar as the cost of its hardware and monthly subscription, respectively, amounting to about N438,000 and N31,000 at the parallel market rate. Some Nigerians who pre-ordered the hardware last year paid the initial amount in dollars. But the company’s prices are now quoted in naira, which means that Nigerians can make payments using their naira debit card. First in Africa: With the official announcement, Nigeria becomes the first African country to witness the…
