Facebook produce four of the world youngest billionaires
Facebook is idea in motion and those who were part of the tech giant from the start are now billionaires. Yes,people know Mark Zuckerberg the founder and chief executive officer of the social networking site but not much is known about the co-founders. What Gistmaster gathered from latest report according to Forbes magazine is [...]
Mike Adenuga or Dangote,who is Nigeria number one philanthropist?
By Niyi Tabiti About two decades ago, one business mogul bestrode the country like a colossus in the field of philanthropy.His name was Bashorun Moshood Kashimawo Olawale Abiola. From musicians,to politicians,human rights activists,traditional and business leaders,he contributed financially to the lives of many. MKO was known as the pillar of sport not only in Nigeria but [...]
Jim Ovia,Dangote,Emeka Offor others reward Super Eagles with cash donations
Few days after winning the finals of African cup of nations in South Africa,Nigerian Super Eagles and coach Stephen Kechi are already swimming in dollar rain.Billionaires such as Otunba Mike Adenuga,Alhaji Aliko Dangote, Jim Ovia,Tony Elumelu and Chief Emeka Offor have announced great package to them. Dangote donated the sum of N5 million naira each [...]
Friends desert Babalakin
Some friends of embattled businessman and prominent lawyer, Dr Wale Babalakin may have deserted him following allegations of massive financial impropriety leveled against him. Those who have done so,we gathered,are people who believe that their relationship can jeopardize their business and political interest,especially with the presidency. A source disclosed that Babalakin is fighting a serious war with [...]
AMCON takes over Wale Babalakin houses over GTBank N13 Billion debt
The Asset Management Corporation of Nigeria, AMCON, has taken possession of three property in Lagos and Rivers states, belonging to Chairman of Bi-courtney, Mr Wale Babalakin, over a N13.5 billion debt owed Guaranty Trust Bank, GTBank Plc. According to a statement by AMCON, yesterday, the property were registered in the name of Roygate Properties Ltd [...]
EFCC Arrests ‘Billionaire’ Permanent Secretary in Sokoto
The Economic and Financial Crimes Commission (EFCC) on Tuesday arrested Mohammed Bello Abukakar a Permanent Secretary at the Ministry of Education in Sokoto State. Mr. Abaubakar is currently undergoing interrogation regarding allegations of criminal enrichment and abuse of office at the agency. Mr. Abubakar was picked up on Tuesday January 22 2013 by operatives of [...]
Delta state transfers seized money to James Ibori-EFCC
The Economic and Financial Crimes Commission, in a bid to sway the court not to allow the return to Delta state of the $15million seized from former Governor James Ibori, has told a story of a past misdeed by the state.The anti-graft agency recounted in a counter affidavit that sometime in 2008, it returned the [...]
Babalakin employs 100 private guards in LUTH to counter EFCC arrest
IN an apparent reaction to the presence of the operatives of the Economic and Financial Crimes Commission (EFCC) at the ward where Dr Wale Babalakin SAN, accused of N3.4 billion money laundering scam, is hospitalised, the management of the Lagos University Teaching Hospital (LUTH) has fortified his security with about 100 private security guards. Babalakin [...]
FG revokes Wale Babalakin’s company Bi-Courtney Lagos-Ibadan expressway contract
The Federal Government has revoked the concessionaire contract it signed with a Bi-Courtney on the re-construction of Lagos-Ibadan expressway.The company is owned by Mr. Wale Babalakin,a lawyer and businessman whose company has been involved in several high profile contracts in the past. The revocation of the contract did not come as a surprise to many [...]
Capital Oil and Gas GMD Ifeayin Uba arrested over fuel subsidy scam
The Special Fraud Unit, Milverton Ikoyi, has arrested the Managing Director of Capital Oil & Gas Industries Ltd , Mr Ifeanyi Uba, over alleged involvement of his companies in the fuel subsidy scam. At press time, the flamboyant oil magnate who arrived the Unit in the company of his lawyers was still being interrogated. His [...]