Introducing Ladi Delano, Nigeria’s Youngest Billionaire

Ladi Delano is a 35-year old Nigerian serial entrepreneur who made his first million as a liquor entrepreneur while living in China.

At the age of 24, in 2004, he founded Solidarnosc Asia, a Chinese alcoholic beverage company that madeSolid XS, a premium brand of vodka. Solid XS eventually had a 50% market share and went on to become a mainstream liqour brand and was being distributed in over 30 cities, pulling in $20 million in annual revenue.

Delano then sold the company to a rival liquor company for over $15 million and put his funds into his next venture – a real estate investment holding company with a focus in mainland China.

How I Will Choose My Ministers – Buhari

President-elect Muhammadu Buhari has dismissed the ministerial lists in circulation on the social media as fake because his ministers will not emerge the way the Peoples Democratic Party (PDP) picked members of its Federal Executive Council (FEC) in the last 16 years.

Buhari made this known in an exclusive interview he granted senior editors of Daily Trust at his country home in Daura, Katsina State on Tuesday.
As the May 29 handover date draws closer, there have been speculations about those who would make the next government’s ministerial list. Most of the persons who featured on the speculative list were picked from across the 36 states and the six geopolitical zones, to rhyme with the PDP’s tradition of appointing a minimum of one minister from each state of the federation and six others from the geopolitical zones.

David Mark allegedly gives GEJ a good bye gift of $200k solid gold customized watch

Senate President, David Mark reportedly gave outgoing Pres. Jonathan this $200,000 24k solid gold customized watch as a gift. According to Vanguard who reported that they received the image, the gold watch has '750 N (North) 34379″ on it, and also a 'Special Edition 2010' on the top and also bears: “Presented by Senator David Mark GCON,” and to “H.E. Goodluck Ebele Jonathan” etched into the gold as well as the Nigerian emblem over its visible working parts.

Lawyer to former Osun state gov, Oyinlola, stripped of his SAN rank

The Nigerian Legal Practitioners Privileges Committee has reportedly stripped lawyer and former counsel to Ex Osun state governor, Olagunsoye Oyinlola, Kunle Kalejaiye, of his rank as a Senior Advocate of Nigeria (SAN).

According to Sahara Reporters, Mr Kalejaiye was stripped of his SAN rank for allegedly communicating via text message with one of the judges, Thomas Naron, during the election tribunal hearing in the case filed by ex governor Oyinlola against the current governor Rauf Aregbesola.

Saudi Arabia 'seeking to head United Nations Human Rights Council'

Saudi Arabia is reportedly planning to make a bid to head the United Nations' Human Rights Council, in a move that has been described as the "final nail in the coffin for the credibility" of the HRC.

Reports of the bid come just days after Saudi Arabia posted a job advertisement for eight new executioners. This year it has already put 85 people to death in what has been branded by Amnesty International a "macabre spike" from the 87 people it killed in total last year.

The country will move to assume lead control over the HRC after 2016 when the presidency is awarded to a new nation.

This Hong Kong Executive Made $22 Billion This Year, And This Week He Lost Most of It

Pan Sutong made $22 billion this year and then lost more than half of it. He says he doesn’t care.The little-known electronics and property tycoon, who is based in Hong Kong, had jumped to number four on Bloomberg’s Asia wealth ranking last week as shares in his companies Goldin Financial Holdings Ltd. and Goldin Properties Holdings Ltd. surged more than 350 percent.In that period, his wealth expanded faster than Alibaba Group founder Jack Ma, whose net worth climbed by $8.2 billion, and Li Ka-shing, who was up $4.6 billion.

Buhari reportedly flies to London on same plane with Dieziani

                                         

President-elect, Muhammadu Buhari and Petroleum Minister, Dieziani Alison-Madueke are currently on-board the same British Airways plane heading to London.

According to Sahara Reporters, Alison-Madueke was billed to travel next week Tuesday May 26th and had already bought her ticket but on hearing that the President-elect was heading to London today, she allegedly asked that her ticket be fast-tracked so she can perhaps have some audience with Buhari.

The British Airways plane departed at about 9.am this morning. Buhari's reason for traveling is not unknown but he is expected back to Nigeria on Tuesday May 26 ahead of the inauguration ceremony which comes up May 29th.

Why Domestic Airlines Are Not Profiting from Huge Nigerian Market

                                                                      Aviation analyst Chris Aligbe

Nigeria has the largest air traffic market in West Africa, which is put at about eight million per annum, but the country’s airlines do not profit from this huge passenger movement, aviation industry experts have said.

According to the experts the three factors that have been adduced to this  are that Nigerian airlines score very low in on-time performance; which means incessant flights delays and cancellations.

In the domestic market the airlines could get away with such inefficiency because passengers do not have other choices but in the international market, Nigerian passengers would always prefer reliable international airlines.

This, experts said, explains why Nigerian airlines record low load factor despite the huge travelling public that travel out and return to the country every day.

Court Stops Police from Harassing Saraki over Alleged Bank Loan

A Federal High Court in Abuja has cleared a former Kwara State Governor, Senator Bukola Saraki of any wrongdoing in a bank loan being investigated by the Police Special Fraud Unit (SFU) since 2012. The clearance given to the former governor in court was based on a legal opinion by the Attorney General of the Federation (AGF) and Minister of Justice that the allegations of wrongdoing against him were baseless and unfounded. The legal opinion of the justice minister was a response to a report submitted to him by the Inspector General of Police (IG) onpolice findings in a complain of Joy Petroleum Limited.

Google ranks Patience Jonathan's 'There is God o' as most viewed Youtube video in Nigeria

Which Nigerian doesn't remember the very famous, “Dia is God o” video skit by First Lady Patience Jonathan? Google today May 21 ranked it as Nigeria's most viewed Youtube video that's non-musical 

Google ranked most watched videos in Nigeria in the music, non-music and advert categories and 'Dia is God o' came first in the non-music category. See others in the non-music category below...

Photo: Unknown Patient in National Hospital, Abuja

 

This 34 year old man named Shafiu Suleiman has been at National hospital in Abuja since May 14th. The hospital is looking for anyone who knows him. Read their press release above...
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Photo of baby born with traditional beads in Lagos

A 52 year old grandmother, Mrs Funke Adamson reportedly gave birth to a baby girl who came out clutching white ‘Ileke’ (Yoruba name for beads) at a trado-medical center in Apapa, Lagos on May 11th.Vanguard reports that the grandmother who is already experiencing menopause, said a traditionalist informed her that she was going to have a "special child".

Killing Machine? Kim Jong-un orders execution of military officers for failure to give soldiers bigger rice portion

This man obviously doesn't value human life. And the world can't stop him? According to new reports, the North Korean leader ordered the execution of top-ranking military officials over their failure to give soldiers more food.

Kim Jong-un is reported to have ordered the killing of his vice armed forces minister, So Hong-chan, and a few others close to him for not following his orders.

This is coming weeks after he reportedly ordered the execution of his chief of defense, Hyon Yong-chol, for falling asleep during a meeting and not obeying his orders

Adebayor released by club on compassionate leave following series of disturbing FB posts

Following his disturbing and emotional Facebook posts where he revealed a lot of family drama, footballer Emmanuel Adebayor has been granted compassionate leave by his football club, Tottenham Hotspur, for a second time this season to return to Togo to sort out all his family issues.

Spurs head coach Mauricio Pochettino excused Adebayor from training this week and the final game of the season against Everton on Sunday May 24th. He will also not travel with his team on the post-season tour to Malaysia and Sydney.

This guy is about to end his football career because there are now reports that Tottenham wants to sell him during the summer. Though the club is claiming they want to give him time to return home, sort out his issues, clear his head and return in the correct frame of mind either at 'Tottenham or with another club'

Nigerians petition Yale Univeristy to withdraw Honorary degree from Okonjo-Iweala

A Nigerian, Sunday Iwalaiye has started a petition on change.org calling on authorities of Yale University to withdraw the Honorary Degree it bestowed on Minister of Finance and Coordinator of the Economy, Dr Ngozi Okonjo-Iweala on May 15th.

Sunday, in his petition stated that Dr Okonjo-Iweala is not deserving of the honorary degree as the Nigerian economy has taken a nose dive since she assumed office as Minister of Finance. A thousand Nigerians have so far signed the petition. 


His petition below

A Bank Manager still living with Her Husband Weds Secret Lover in Dubai.

There is a twist in a divorce suit between an area manager with an old generation bank in Lagos, western Nigeria, Mrs Blessing Ifeanyi-Okpoko and her estranged husband, Ifeanyi Kenneth Okpoko, as the husband alleged that Blessing fled her matrimonial home after he discovered her secret marriage to another banker, Kelvin Ugwuoke, in Dubai recently.Okpoko alleged that Blessing and Ugwuoke, who is the risk manager at a new generation bank on Lagos Island, secretly went to Dubai with a few friends and wedded before returning to Nigeria...

He lamented that while Blessing was still in his house, he received information about her wedding to Ugwuoke, and got photographs on her trip to Dubai with Ugwuoke as evidence and when he confronted her, she packed out of her matrimonial home at Ajao Estate and moved to Lekki area where Ugwuoke reportedly has a property.

Angola Expelled from CAF 2015 for rejecting to host the African Cup Of Nations

Angola on Wednesday pulled out of the running to replace Morocco as hosts of the troubled 2015 Africa Cup of Nations.

The oil-rich state was considered one of the front-runners to step in to stage the continental showcase after Morocco were stripped of the right to host it, AFP reports.

The North African country, who were also expelled from the 2015 competition, fell afoul of organisers CAF for calling for a postponement citing the deadly Ebola epidemic.

Angola’s insistence that they were not interested in hosting a competition they staged in 2010 came from Joao Lusevikueno, vice president of the Angolan football federation.

Chisos!! Tougher times ahead, says Okonjo-Iweala

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Thursday said the country would this month begin to feel the impact of the falling global oil prices, which started in June.

Consequently, she said the country needed to brace for tougher times ahead by reviewing its expenditures and building economic buffers through budgets that would be based on modest oil prices.

According to her, sound macroeconomic management is crucial to Nigeria at this time, while also emphasising the need to plug all revenue leakages.

The minister spoke in Lagos at the Africa Financial Summit organised by the Institute of International Finance and Access Bank Plc.

“We have not seen the impact of the falling oil prices in Nigeria; it will start this month. We have to drive the non-oil revenue base to be able to weather the storm that is coming,” Okonjo-Iweala said.

She, however, said Nigeria was not alone in the coming economic storm, pointing out that a large number of African countries that relied on commodity export as the mainstay of their economies would also be affected by the global fall in the prices of such commodities.

We became cultists, robbers in primary school –Suspects

                                            Nsong, Adetunji and chukwuemeka

Three armed robbery suspects, who were arrested by the Lagos State Police Command, have said they joined secret cults and started robbing when they were still primary school pupils.

PUNCH Metro learnt that the suspects– Abraham Nsong, Bright Chukwuemeka and Dare Adetunji– were arrested by operatives of the state Special Anti-Robbery Squad on November 2.

Our correspondent gathered that the suspects had allegedly gone to rob at Salvation Street, Oke Odan, Iyana Isashi area of Lagos, when they were apprehended.

It was learnt that one of their victims, identified simply as Eboge, sustained deep cuts on the head, while her daughter was also allegedly shot by the robbery suspects. The girl, whose name was given as Ann, was said to be recuperating in a hospital.

Senate grills Army chief over losses to B’Haram

                                    Chief of Army Staff, Maj.Gen. Kenneth Minimah

Members of the Senate Committee on Defence engaged grilled the Chief of Army Staff, Maj. Gen. Kenneth Minimah, on Thursday over the increasing rate of insurgency in the North-East.

Trouble started when the senators asked the Army chief to tell them the stage of the ongoing Boko Haram war but Minimah refused, insisting that he would not discuss military operational matters in the presence of journalists.

The Chairman of the Senate Committee on Defence, George Sekibo informed the Army chief that the agenda of the parley was important because politicians were busy scheming for the 2015 elections, while the insurgents were on the other hand having a field day, especially in the North-East.

He noted that Nigerians were becoming impatient and irritated, not only with the military but also with the government and those representing them at various levels.

We won’t sell fighter helicopters to Nigeria, US insists

                                         Us department spokeswoman, jen psaki

The United States has defended its refusal to sell cobra helicopters to Nigeria, saying the Federal Government is free to buy fighter jets from any other country.

“Nigeria has purchased helicopters that originated in countries other than the US and nothing in our decision prevents Nigeria from obtaining weapons and equipment from other sources,” its State Department spokeswoman, Jen Psaki, said on Wednesday.

Psaki was responding to questions from journalists on the allegations by the   Nigerian Ambassador to the US, Prof. Adebowale Adefuye, that Washington declined to sell lethal arms to Nigeria.

Adefuye had also told members of the Council on Foreign Relations on Monday that Washington was not doing enough to assist Nigeria in combating the Boko Haram insurgency in North-East zone of the country.