Day: May 20, 2019

Revealed: Real owners of MTN Nigeria

Last Saturday’s listing of MTN Nigeria shares on the Premium Board of the Nigerian Stock Exchange (NSE) has made it possible to identify the shareholders of the telecoms firm. Many Nigerians believed the Nigerian government owned part of the South African firm through an unspecified equity holding by the Nigeria Sovereign Investment Authority (NSIA). But, a review of the listing memorandum filed by MTN Nigeria in support of its application for the enlistment of its shares on the NSE revealed the profiles of the shareholders of the company. The list did not include either the Nigerian government or the...

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Murder of SS3 student: School gardener arrested

A school gardener attached to Jubril Martins Memorial Grammar School, Iponri, Lagos has been arrested for alleged involvement in the murder of an SS3 student. Lagos police spokesman, Bala Elkana who made the disclosure noted that on May 16, 2019 around 2:00pm, Iponri Police Station received a complaint from Jubril Martins Memorial Grammar School Iponri. The school said that on May 15, 2019 around 4:40pm, one Femi Aderonmu, a gardener with the said school, engaged one Adagun Rafiu, 16 years old a student in SSS 3 in a fight along Oke-Olu road, Iponri and in the process the student...

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Don’t allow Okorocha collect Paris Club refund – Group tells Ihedioha

The Imo Charter Forum, ICF, has urged the state’s incoming governor, Emeka Ihedioha to ensure that the balance of Paris Club refund due for the state is not released to the outgoing governor, Rochas Okorocha, whose tenure comes to an end in less than two weeks. The supervising Finance Minister, Zainab Ahmed had last week, on Thursday in Abuja, stated that states yet to collect their balance of the Paris Club debts refunds would soon be paid. She had said about N649.434 billion has been released for the final phase of the Paris Club debts refunds, adding that the...

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VC Strache resigns over video scandal

Austrian vice-chancellor Heinz-Christian Strache  says he is resigning after two German newspapers published footage of him apparently offering lucrative government contracts to a potential Russian benefactor. Strache in a statement before assembled journalists  said that he was illegally set up in a “political assassination” but added his behavior in the video was “stupid, irresponsible and a mistake.” The scandal has led to speculation about the future of the governing coalition between Strache’s anti-immigration Freedom Party and Chancellor Sebastian Kurz’s center-right People’s Party. Scenarios include replacing Strache in the cabinet with another party member or ending the coalition for new...

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Baba Fryo battered by unknown soldiers

Veteran dancehall singer Baba Fryo has shared pictures of his battered and bloodied face after he was allegedly attacked by unknown soldiers in the Ojo area of Lagos. The once-popular musician known for releasing street songs like his 90’s hit ‘Denge Pose’ didn’t really give details of the incident but revealed that the soldiers who assaulted him were allowed to escape by another female soldier. Baba Fryo also informed that the matter has been reported to authorities at the Ojo Army barrack, who have promised to investigate the matter in a bid to bring the erring officers to book....

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