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Julius Berger,RCC take over Lagos- Ibadan Expressway as FG cancels Indigenous Bi-Courtney N10bn concession dealThe Federal Government, Monday, cancelled the concession of the Lagos- Ibadan Expressway awarded to Bi-Courtney Consortium on May 8, 2009 a… Started by you in Construction |
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Kano 419 Barman Yahooze Con: Beware who is buying you drinks or anything else Crazy WorldGodfrey Agbejule wrote from Kano I LEFT KANO EARLY TUESDAY MORNING ON A SHORT TRIP TO SOKOTO, ON MY WAY OUT OF MY HOTEL I NOTICED THAT SO… Started by you in EFCC Nigeria Crime Reports |
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7 Mistakes Your Business Is Making On LinkedIn the facebook for Business ..... Read more:LinkedIn isn't just a good resource for professionals. When used the right way, it can be a powerful tool for businesses too—and not just f… Started by you in Weboga:Technology & Science techstartup nigeria |
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The 16 "Smartest" People On Earth Number One is Greek. No Woman / No African No BlackmanPhoto courtesy of Tim Roberts Tim Roberts, a professor in Australia, makes the list with an IQ of 178. IQ is a problematic measure of int… Started by you in Weboga:Technology & Science techstartup nigeria |
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Geniuses Are The Loneliest People On EarthImage courtesy of Peter Donald Rodgers Peter D. Rogers has an IQ of 175. Australian Peter D. Rodgers has one of the highest IQs in the wo… Started by you in Weboga:Technology & Science techstartup nigeria |
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Isreal's Iron Dome: How Israel & US/Obama $200M Developed Such A Shockingly Effective Rocket Defense SystemOn the receiving end of Hamas' unremitting rocket campaign, Israel has been looking for an effective defense for years. With questio… Started by you in News of the world cnn allafrica nigeria |
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Ibori $15m bribe: Lagos Refrigerator repairer Petitions Court to Take Custody of Ibori "Cake" in bizarre turn of eventsA Lagos based refrigerator repairer, Olalekan Bayode has applied to the Federal High Court sitting in Abuja to appoint him as a manager o… Started by you in Na Wa O ! |
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Edo Lorry driver drives burning lorry for six kilometres to avoid Petrol Stations !:
President Jonathan's Inauguration to Gulp N5 billion, Church Service N63 Million http://bit.ly/iVDCMJ
Naija Woman pours Boiling Water on 10-Year-Old Niece in Accra http://bit.ly/jU6FjK
Delta State Governor, Emmanuel Uduaghan Imports N200m Bullet Proof Bomb Proof Automobile http://bit.ly/myMRFc
Jonathan goes tough on kerosene scarcity Crashes Prices http://bit.ly/kwkgJ5
Carlo Ancelotti Sacked as Chelsea manager http://bit.ly/js2rqC
DMX : "Women threw themselves at me. All they got was di***c**k, my wife had my heart" hmmm na wa o IF Men throw themselves at you nko ? http://bit.ly/jppqNZ8 Home Remedies for Prostate Problems by the Editors of Consumer Guide: It's a sad fact of growing older for t...http://bit.ly/lBaBBP
Police arrests man, herbalist for Sexually Mutilating five year-old for Ritual Purpoes
My new wife led me to T.B Joshua" - John Fashanu, Joseph Yobo's new Inlaw confesses: One thing I bless Abigail f...http://bit.ly/mpYJVC
Jim Iyke denies fighting with hawker in Abuja. His side of the storyhttp://bit.ly/lCpoU3
The incident happened at 12pm opposite the National Open University located in the village.
As at the time of filling this report, fire fighters had begun putting out the fire and carrying out rescue operations.
Those present at the scene of the incident said they saw the passengers hitting the window glass and calling for help before the aircraft went up in flames.
It is not clear yet if any of the four passengers are dead.
In Port Harcourt, pregnant widow of slain policeman begs Police, Army authorities to arrest her husband’s killers THIRTY-YEAR –OLD Peter Okeke, a Police Constable with the Rivers State Criminal Investigation Department (CID) had left home to supervise an on-going filling station project located at Onne in Onne Local Council of the state.
As he hugged his sons and kissed his pregnant wife, Beatrice, goodbye, there was nothing whatsoever to suggest the enormity of the tragedy that would befall the young family before the day was over.
Constable Okeke was allegedly shot dead by a soldier, a few hours later, following an argument over a roadblock. Sources told The Guardian the road had been barricaded by RCC, a construction company doing major rehabilitation work on the road. A group of soldiers drove onto the barricaded road and assumed that Constable Okeke had blocked it, ordered him to dismantle the barricade. An argument ensued when Okeke told the soldiers he did not barricade the road and if it would be opened, then the workers of the construction company were in a better position to do so.
The soldiers became angry and jumped down from their Hillux truck and started beating the Constable. “As they were beating him, he was shouting, telling them he was a policeman and that they should please not kill him. “But it was of no use as one of the soldiers shot him at close range and they drove off.” Okeke died while being rushed to hospital. According to an eyewitness who pleaded anonymity: “The filling station where Constable Okeke was, was close to a road under construction by RCC. “When the soldiers arrived and found the road blocked because of the on-going reconstruction by RCC, they o
Boxing: George Foreman "Loses" to Hopkins who becomes oldest world title winner http://bit.ly/myMvb8
Police arrests man, herbalist for mutilating five year-old http://bit.ly/j9V1uw
My new wife led me to T.B Joshua" - John Fashanu, Joseph Yobo's new Inlaw confesses: One thing I bless Abigail f...http://bit.ly/mpYJVC
DMX : "Women threw themselves at me. All they got was d**i**k, my wife had my heart" http://bit.ly/jppqNZ
ABUJA (AFP) - Bomb blasts at a beer garden and eatery at a Nigerian military barracks killed at least 10 people hours after President Goodluck Jonathan was inaugurated, an emergency source said. Three bomb blasts hit a "mammy market" -- commonly found at Nigerian military barracks and open to civilians -- in the northern city of Bauchi, located in one of the states hard hit by post-poll riots last month. The attacks at the market were caused by "locally made devices", Bauchi state police commissioner Abdulkadir Indabawa said. Authorities gave varying death tolls as is often the case in Nigeria, with officials frequently seeking to downplay the number of victims. An emergency source who declined to be named said at least 10 people were killed, calling the incident "devastating," while Indabawa said four were dead and some 20 people
Bloodbath in Lagos: Soldiers kill 8 Policemen including DPO, DCOhttp://bit.ly/jEEVdE
Police parade 17-year-old suspected gangster in Edo: A 17-year-old student, Uyiosa Ehigiamusoe was among the 31 ...http://bit.ly/kGlYHa
NYSC won’t be scrapped, says Jonathan ! We will still send Southerners to the North http://bit.ly/jXv0WS
Kaduna Plane Crash: Passengers were ALive and waving for Help before Aircraft burst into flames ! http://bit.ly/iEwErT
NASA plans capsule to take humans into deep spacehttp://bit.ly/juSNQC
You cant make it in Nigeria without being corrupt.True or false?: I've often heard Nigerians say, "you cant ma... http://bit.ly/jqO9EP
Last week a friend wrote about Computer Village, on techcrunch where many of the gadget-hounds in Lagos go to get their gadgety fix. But what about new technology being developed in the country? The city’s tech entrepreneur scene is small, but several people are working on changing that.
Oo Nwoye– or @oothenigerian as he’s known on Twitter– is one of the more enthusiastic champions of this nascent scene. (That’s him on the left.) I met him two years ago in London, where he cornered me at an event and made a case for me going to Nigeria, so he was one of the first people I contacted when I finally did.
Since then, he’d moved back home. He’s working on a to-be-determined startup and spending the meantime trying to galvanize a startup community. He organized a fantastic demo day to give me a taste of what people are working on.
In the days leading up to the pitches, I spoke with half a dozen tech entrepreneurs in Nigeria who had a lot of complaints about the ecosystem. There was the ever-present emerging market complaint of not enough venture capital, but the entrepreneurs also complained about the extremely high costs of doing business in Nigeria given how small the online market is so far, the spotty infrastructure, and the lack of enough developers who want to work for startups instead of the big oil companies.
Victor Asemota (pictured at Demo Day with me to the left) moved to back to Nigeria after starting his mobile technology services company 
in Ghana, lured by the juicy 150 million person population. He pays the same amount for his office space in Nigeria that he used to pay for a house and a comparable office space in Ghana. More galling: Because the infrastructure is so poor in Nigeria, he also has to provided his own power and water backups. “I have to build my own city just to live here,” he said, exasperated.
Asemota also talked about a bigger challenge to building a tech company in Nigeria: The stigma of illicit 419 scams. He’d negotiated a deal with a customer in Florida one time and was wrapping up the meeting by handing the man his business card. Simply seeing that he was from Nigeria killed the deal instantly, Asemota says. The man wouldn’t even keep his business card. I noticed at the end of our dinner, when Asemota handed me his card it listed his company as located in Ghana. And, he says, ground down by the frustrations of doing business in Nigeria, he’ll probably move back there.
So I entered Demo Day halfway through my trip, desperately looking for some hope. I found the first glimpse of it, appropriately, in a guy wearing an Obama Hope T-Shirt. His name was Gbenga Sesan, and he runs a organization called Paradigm Initiative of Nigeria. It takes small delegations of Lagos’s techies into less developed and frequently more violent parts of Nigeria to convince 13-year-olds to get
interested in computers. “If you don’t start at 13, they can’t be millionaires by the time they are thirty,” he says.
Another group called Co-Creation Hub immediately caught my attention. It is building an incubator to help entrepreneurs with business advice, funding and mentoring. Their focus is using technology to solve real problems Nigeria faces, not just copying what people read on TechCrunch. It welcomes more than just coders, but teachers, doctors, or anyone from any background that has a dramatic idea of how to make life in Nigeria better. A new co-working space to be opened later this year will operate like an open living lab for social change.
I love that strategy. I always advise entrepreneurs if they want to build a Western-facing consumer Internet company to move for the Valley; it will just be easier. But if they want to be pioneers in their own markets, focus on the problems and endemic strengths there. (And probably read sites like TechCrunch a little less too.)
So right away between Nwoye’s evangelism, Paradigm Initiative of Nigeria’s efforts to build a young generation of coders and Co-Creation Hub’s cushy nest for social change, there was a pretty impressive mix of people actively working to foster an ecosystem. Things were looking up for Nigerian entrepreneurs. The demos started, and I was impressed by many of the companies too. They ran a tight ship doing pitches of no more than five minutes, and there were only a few copy-cat Western Web ideas in the bunch. My favorites are below. I should mention there was also a Garage48 hacker event over the weekend in Lagos that I wasn’t able to attend. The demos from that day are here.
Gyst: This was one of two truly long-term, big-idea, swing-for-the-fences startups I saw in the country. (I’ll write about the other one on Saturday.) Sim Shagaya (pictured to the left) has a Harvard MBA, but don’t hold that against him. After studying in the US and bouncing around the tech and banking world, he returned home to build a traditional old media billboard business.
He’s now leveraging the cash-flow of that to build two exciting new media companies. One is a daily deal site called DealDey. The other is super exciting. It’s called Gyst, and it’s a very local business directory search engine. He hires a bunch of kids throughout the country and gives them each a smart phone with a camera. They go door-to-door, manually getting information and GPS coordinates on every small businesses in the city, gathering the information in a database. Amazingly, nothing like this exists in Nigeria– no Yellow Pages, no local search engines, no 411 service. Like most emerging markets, many cities in West Africa don’t even have a formal system of streets and addresses or a working postal system.
This is an insanely expensive and ambitious project, and it’s 100% bootstrapped by the parent company. The opportunity is huge. It’s Google on a local level combined with Yelp, JustDial,SMSOne, Gigwalk, and a bunch of other exciting companies who rethink cost effective ways to amass huge amounts of local data in one easy-to-access place. “It will take a long time to show the true value of this business, but we’re willing to wait,” Shagaya says. Right now the company has 20,000 business listings, and its ultimate ambition is to index every city in West Africa with more than one million people. And the company will make all that information completely free for users. Whoa.
There are obviously huge synergies between these three businesses. A daily deal site that is tied to billboards and the region’s only
comprehensive small business directory is a lot more powerful and exciting than a run-of-the-mill Groupon clone. It’s a textbook example of how industries develop in parallel, not serial, in emerging markets, utterly transforming how they develop. Imagine if Clear Channel, Google and Groupon were all the same company. And I love the ambition: Shagaya said he is focused on building nothing less than the Naspers of Nigeria.
Naspers– the South African media conglomerate– is not only one of the most dominant new media companies in Africa, it’s investing in the most important new media companies in the emerging world. One of their companies, DealFish, was even a sponsor of this Demo Day. It’s about time a continent as big as Africa has more than one new media powerhouse. This company is one to watch.
Skoola: This company has taken several years of Nigeria and Western Africa’s standardized tests and converted them into a basic test prep app that can run on any mobile phone, smart or dumb. I asked how big the market is and the whole room laughed. This is the test everyone takes if they have any ambition of higher education.
The business– which is so clear that the entrepreneur pitched in under three minutes– is a no brainer on a lot of levels. More people have phones in the developing world than toilets so it’s the ideal medium, and it’s a way to kill time sitting in traffic and further your education at the same time. It’s a perfect example of how to build a mass market product in a country like Nigeria: It’s distributed on the broadest possible platform, solving a problem a huge percentage of the population has, and priced for volume at less than $.30 per test. The company is working on French translations so neighboring West African countries can use the product too. I’m amazed I haven’t seen something like this in India. I’m sure it already exists. If it doesn’t, it should.
Traffic Nigeria: Speaking of the need to kill time in traffic, this company uses crowd-sourcing to monitor the traffic in Lagos, delivering results over the Web or SMS.
Also not featured on The Techcrunch Article we have
9jabook.com a nigerian social network powered site who are presently offering members partnership options
9jax.net a link sharing and advert partnership site
9jamovies.com a youtube embedding website
http://ojoojoo.com a search nigeria site powered by google search modified greatly for nigerian websites !
Businessman stabs female student in the eye …Victim risks blindness, cries for justice
By
Miss Goodness Moses has just finished the Ordinary National Diploma (OND) at the Institute of Management Technology (IMT), Enugu and came to Lagos for her one year Industrial Training (IT). The 26-year-old lady had actually approached Nestle Foods Plc for the training and was hopeful of being given the opportunity to serve in the multinational company, for her practical experience, before going back for her Higher National Diploma (HND).
Miss Goodness Moses
Miss Goodness Moses has just finished the Ordinary National Diploma (OND) at the Institute of Management Technology (IMT), Enugu and came to Lagos for her one year Industrial Training (IT). The 26-year-old lady had actually approached Nestle Foods Plc for the training and was hopeful of being given the opportunity to serve in the multinational company, for her practical experience, before going back for her Higher National Diploma (HND). ![Goodness[1].gif?width=234](http://odili.net/news/source/2011/may/19/sun/Goodness%5B1%5D.gif?width=234)
Miss Goodness Moses
Presently, verifications are going on in the school to know those who qualify for the HND. But the Marketing student may not have the opportunity again, at least, not for now. She is battling to ensure she doesn’t go blind, after she was allegedly hit and stabbed in the eyes by a businessman, Uzoma Nwezie. The incident occurred on Sunday, March 13, 2011, at 6, Ajayi Street, Catholic Road, Ipaye, Iba Town, Ojo, Lagos.
Trouble started for Goodness, when she was trekking to Ipaye bus-stop that fateful day alongside one of her sisters. According to her, Nwezie, who was driving, almost ran over her if not that she ran into the bush where she fell flat.
The victim, who said it was the fall inside the bush that saved her from being crushed by Nwezie’s car told Daily Sun how she got up, cleaned herself and they continued their journey, only for him to reverse and challenged her for allegedly calling him devil.
“I didn’t call him devil, I only said, ‘it would not be well with the devil’. I even apologized to him and he still used sharp object to hit me in the jaw and I started seeing stars. My eyes later went blank and I started screaming for help. People tried to stop him from further torturing me but he refused. He tore my clothes and bra. The incident occurred between 7.30 and 8 pm. I lost my purse, money and the torn dress,” she said.
According to her, the businessman, his wife and group of boys stormed their compound, fuming with rage.
“He resumed the attack on me and even extended it to my father. That was the time he stabbed me in one of my eyes. Because of the hitting and the stab, I started vomiting blood and was quickly rushed to the El-Shaddai Hospital, Iba Town, but the doctors referred me to the Lagos University Teaching Hospital (LUTH). At LUTH, I was referred to St. Edmund Clinic and Eye Hospital, which later referred me to Eye Foundation, Ikeja, where they performed Rectinal detachment.”
After the operation, Goodness said she couldn’t see with one of the eyes, while the other one is getting worse.
“Pus is also gushing out from one of my ears,” she lamented. She was supposed to be going for medical check-ups and further treatment, but her alleged attackers have refused to take responsibility for that and refuse to show up.
Businessman stabs female student in the eye …Victim risks blindness, cries for justice
By
Miss Goodness Moses has just finished the Ordinary National Diploma (OND) at the Institute of Management Technology (IMT), Enugu and came to Lagos for her one year Industrial Training (IT). The 26-year-old lady had actually approached Nestle Foods Plc for the training and was hopeful of being given the opportunity to serve in the multinational company, for her practical experience, before going back for her Higher National Diploma (HND).
Miss Goodness Moses
Miss Goodness Moses has just finished the Ordinary National Diploma (OND) at the Institute of Management Technology (IMT), Enugu and came to Lagos for her one year Industrial Training (IT). The 26-year-old lady had actually approached Nestle Foods Plc for the training and was hopeful of being given the opportunity to serve in the multinational company, for her practical experience, before going back for her Higher National Diploma (HND).
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Newsblogs:
Funeral Thieves Nabbed: As you mourn they Steal
Army clashes with militants in oil delta..after months of "vacation"
Man kills mother in Church Premises
Previously:
Meet Genevieve "Junior" Could this be her Daughter ? http://bit.ly/lV5dhV
FCMB MD, Ladi Subomi-Balogun -Accused of Having Extra-Marital Affairs With Married Woman http://bit.ly/lwrmcK
Family Members Jubilate Over Dora Akunyili’s Misfortunehttp://bit.ly/m7FsHC
Top Nige.rian Celebrities Who Are Gigolos http://bit.ly/jnaAWO
9jas Most Wanted Man in Police Net: Ebulu aka Stone Cop Killer captured ADC to Late osisikankwu: The Police have...http://bit.ly/jZwSaK
Standing vs Sitting While working ! Try this this week if you are not weak ! http://bit.ly/mg0hX5
Give alms to beggars, go to jail -Lagos State Authority http://bit.ly/lWK8rN
U.S. strengthens Nig.eria's security, donates two warshipshttp://bit.ly/mkLBAk
The Speaker of the House of Representatives, Mr. Dimeji Bankole, may have owned up to borrowing N10bn from a commercial bank to manage the affairs of the lower arm of the National Assembly, investigation has revealed.
Mr. Dimeji Bankole
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A member of the House leadership, told our correspondent that Bankole, who was absent at Wednesday's plenary when the issue came up, gave satisfactory reasons for the loan during a closed-door session by the House leadership on Thursday.
The member said, "He gave reasons why the loan was taken. We were satistified. In fact, most of us who make up the House leadership were in the know about the loan.
"We just agreed that he should convey our decision at the plenary which will have all members in attendance. The decision was to prevent a row in the House."
Bankole had come under fire during Wednesday's plenary with members giving him till Thursday (yesterday) to explain why the loan was taken by the House leadership without carrying them along.
The bank had reportedly withheld the second quarter allowances of members on account of the loan, resulting into anger and anxiety in the chamber.
But on Thursday, rather than hear the speaker in the open, the House went straight into the closed-door session, which lasted for nearly two hours.
When it reverted to plenary, Bankole read out two resolutions he said were taken at the closed-door meeting.
He claimed that the members "discussed House matters and issues and the Speaker offered satisfactory explanations."
The speaker added that the meeting also resolved that the remuneration of the 11 re-admitted lawmakers led by Mr. Dino Melaye should be paid to them immediately.
However, mixed reactions greeted the resolutions. Some lawmakers shouted "no", "no", indicating disagreement, while others shouted "yes", "yes" as Bankole asked whether what he said was the true reflection of the resolutions of the meeting.
Findings however revealed that at the closed-door session, the speaker clarified that the loan was an institutional loan as against the rumour that he used the name of the House to take a personal loan.
He was reported to have said that the money was used to manage the affairs of the House.
The development confirmed allegations that lawmakers jacked up their entitlements, collecting jumbo salaries and allowances.
A disgruntled member said that the loan was used to fund the "recklessness" of lawmakers, who raised the quarterly allocation of each member from N28.9m to about N42m in July last year.
The decision, in addition to other "unnecessary expenditure", reportedly left the accounts of the House in the red, necessitating the pressure to resort to borrowing.
One of the lawmakers told our correspondent after the plenary that the loan would have been as high as N60bn if not for conditions set for banks by the Central Bank of Nigeria.
The lawmaker, who did not want his name in print, said, "Besides the N42m, they were even demanding other money. The real loan would have been N60bn; but any bank doing this type of transaction needed the approval of the Central Bank of Nigeria.
"It was because there was no CBN approval that they were left with what they got (10bn)."
The money for the repayment of part of the loan was said to have be
The Speaker of the House of Representatives, Mr. Dimeji Bankole, may have owned up to borrowing N10bn from a commercial bank to manage the affairs of the lower arm of the National Assembly, investigation has revealed.
Mr. Dimeji Bankole
advertisement
A member of the House leadership, told our correspondent that Bankole, who was absent at Wednesday's plenary when the issue came up, gave satisfactory reasons for the loan during a closed-door session by the House leadership on Thursday.
The member said, "He gave reasons why the loan was taken. We were satistified. In fact, most of us who make up the House leadership were in the know about the loan.
"We just agreed that he should convey our decision at the plenary which will have all members in attendance. The decision was to prevent a row in the House."
Bankole had come under fire during Wednesday's plenary with members giving him till Thursday (yesterday) to explain why the loan was taken by the House leadership without carrying them along.
The bank had reportedly withheld the second quarter allowances of members on account of the loan, resulting into anger and anxiety in the chamber.
But on Thursday, rather than hear the speaker in the open, the House went straight into the closed-door session, which lasted for nearly two hours.
When it reverted to plenary, Bankole read out two resolutions he said were taken at the closed-door meeting.
He claimed that the members "discussed House matters and issues and the Speaker offered satisfactory explanations."
The speaker added that the meeting also resolved that the remuneration of the 11 re-admitted lawmakers led by Mr. Dino Melaye should be paid to them immediately.
However, mixed reactions greeted the resolutions. Some lawmakers shouted "no", "no", indicating disagreement, while others shouted "yes", "yes" as Bankole asked whether what he said was the true reflection of the resolutions of the meeting.
Findings however revealed that at the closed-door session, the speaker clarified that the loan was an institutional loan as against the rumour that he used the name of the House to take a personal loan.
He was reported to have said that the money was used to manage the affairs of the House.
The development confirmed allegations that lawmakers jacked up their entitlements, collecting jumbo salaries and allowances.
A disgruntled member said that the loan was used to fund the "recklessness" of lawmakers, who raised the quarterly allocation of each member from N28.9m to about N42m in July last year.
The decision, in addition to other "unnecessary expenditure", reportedly left the accounts of the House in the red, necessitating the pressure to resort to borrowing.
One of the lawmakers told our correspondent after the plenary that the loan would have been as high as N60bn if not for conditions set for banks by the Central Bank of Nigeria.
The lawmaker, who did not want his name in print, said, "Besides the N42m, they were even demanding other money. The real loan would have been N60bn; but any bank doing this type of transaction needed the approval of the Central Bank of Nigeria.
"It was because there was no CBN approval that they were left with what they got (10bn)."
The money for the repayment of part of the loan was said to have been built into the 2011 budget which is yet to be singed by President Goodluck Jonathan.
Another member of the House disclosed that one of the decisions taken at the closed-door session was that the leadership would "meet with the Presidency to find ways of freeing the allowances of lawmakers being held by the bank."
The loan was allegedly taken in three tranches of N6.1bn, N2.5bn and N1.5bn in May 2010.
However, some lawmakers were said to have insisted that the leadership was also reckless on its part by undertaking certain expenditure that they were not briefed on.
One of them said, "We are funding the recklessness of the leadership. What pains me most is that the people who will suffer for this recklessness are the Nigerian tax payers.
"We are kept here at the expense of the tax payers who are suffering. The speaker did not say it all; the loan was taken to fund their own recklessness, which they can no longer defend.
"What they have decided to do is to roll the loan over in the budget at compound interest."
On the separate case involving the allowances of 11 suspended members, Bankole allegedly appealed to them to exercise patience.
"He was practically begging; he assured us that something would be done very soon to pay the money," one of the 11 re-admitted legislators confided in our correspondent.
Each of them is said to be owed about N120m for allowances covering 11 months.
As the House rose, Melaye stormed out, still protesting that Bankole did not offer satisfactory explanations.
"No sinner will go unpunished, I repeat. I have been vindicated. I have always shouted that this House has lost focus," he said.
A four-time member and Chairman of the Integrity Group, Mr. Farouk Lawan, blamed the development in the House on "communication breakdown."
Lawan, whose group ensured the exit of a former Speaker, Mrs. Patricia Etteh, from office in 2007, claimed that there had been a communication breakdown between the leadership and members over the handling of House finances.
He said, "What has happened today is that the communication
Bridgette Radebe kissing Graca Machel When it comes to big money, men still call the shots in Africa – just like in the rest of the world. While there is no single African lady today who can lay claim to a $1 billion fortune, there are about 2 or 3 African women who possess legit nine-figure fortunes. Here are nine African women, all worth at least $50 million:
Isabel Dos Santos Nationality: Angola Source: Investments The eldest daughter of Angola’s President, Jose Eduardo dos Santos, Isabel dos Santos got her start in business at age 24 by using her father’s influence to corner lucrative state contracts. Keeps close ties with Portugal. Kento Holding, a Maltese-registered investment firm she fully owns, holds a 10% stake in Zon Multimedia, a Portuguese media conglomerate. She acquired the stake for 164 million Euros in 2010. Also owns major stakes in Portuguese banks Banco Espírito Santo and Banco Português de Investimento, and in Energias de Portugal, which generates and distributes electricity.
Bridgette Radebe Nationality: South Africa Source: Mining The elder sister to South African billionaire Patrice Motsepe, Bridgette Radebe started out as a contract miner in the 80s, managing shafts and procuring for the larger mining houses. Went on to found Mmakau mining, an immensely successful mining firm with assets in platinum, gold, uranium, coal, chrome, exploration and mining interests. Also serves as president of the South African Mining Development Association. Married to South Africa’s Justice Minister, Jeff Radebe.
Irene Charnley Nationality: South Africa Source: MTN Former trade unionist made first mark as a shrewd negotiator for the National Union of Mineworkers in South Africa. Went on to take up a job as an Executive Director at MTN, Africa’s largest telecoms group, where she led the company’s successful foray into several African countries. Was instrumental in negotiating for and acquiring one of four GSM licenses in Nigeria. She also helped MTN secure the second GSM license in the Islamic Republic of Iran. In return, was rewarded with huge chunk of MTN stock valued at over US$150 million. Left MTN in 2007 under controversial circumstances. Now serves as CEO of Smile Telecoms, a low-cost telecommunications operator based in Mauritius.
Pam Golding Nationality: South Africa Source: Real Estate One of South Africa’s most well known real estate icons, she founded Pam Golding Properties in 1976 with no start-up capital and a sales assistant. The company is now one of South Africa’s largest independent property trading companies. 2010 turnover: US$1.7 billion (11 billion rand). Has retired from active management; still remains chairperson. Now devotes energy to philanthropy.
Wendy Appelbaum Nationality: South Africa Source: Insurance The only daughter of former South African billionaire Donald Gordon, Wendy was a director at Liberty Investors, the previously listed holding company of the Liberty Group – the insurance and real estate concern her father founded. Sold off her stakes; became cash rich. Together with husband, Hylton Appelbaum, purchased DeMorgenzon, a wine estate in Stellenbosch. Has donated US$23 million (R150 million) to create the Gordon Institute of Business Science (Gibs), and the Donald Gordon Medical Center. Wendy chairs the South African Women’s Professional Golfers’ Association.
Elisabeth Bradley Nationality: South Africa Source: Investments Elisabeth Bradley’s father Albert Wessels brought Toyota (TM) to South Africa in 1961. In 2008, Wesco Investments, a South African holding company which she controls, sold off its 25% stake in Toyota South-Africa to Toyota Motor Corp. in Japan for US$320 million (R2.1 billion). She walked away with at least US$150 million (R1 billion). Bradley has served on the boards of blue chip companies such as Standard Bank Group, Hilton Hotel and Roseback Inn.
Mamphela Ramphele Nationality: South Africa Source: Investments The one-time man
Consumers of bread in Bauchi will now pay more for the commodity, as sellers have raised its price thanks to an increase in the prices of the ingredients used in its production.
The state secretary of the Bread Sellers’ Association of Nigeria, Ibrahim Usman Mohammed, told newsmen yesterday in Bauchi that the price increase became necessary in light of the hike in the costs of all the breadmaking ingredients and components, such as flour, water, yeast, sugar, wood and more.
