FirstBank CEO, Adesola Adedutan, Bags Forbes Best of Africa Award

Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced that its Chief Executive Officer, Dr. Adesola Adeduntan, has been honoured with the Forbes Best of Africa Award. The award presentation was held on Friday, 11 September 2020 at a virtual event by Forbes in conjunction with the Foreign Investment Network (FIN).

The online roundtable discussion themed “Harnessing the financial resources and social capital of philanthropy to making a lasting impact” was supported by the World Philanthropy Network and featured a keynote address by former Nigerian President, Chief Olusegun Obasanjo (GCFR). The opening remarks was presented by Mrs. Olayinka Fayomi, Chairman, Foreign Investment Network (FIN).

Other award honourees were Captain (Dr.) Idahosa Wells Okunbo, CEO of Ocean Marine Security Ltd; Mahmood Ahmadu (OON), Founder and Executive Chairman of Online Integrated Solutions Ltd. Her Excellency Badria Al Mulla, Chairman, International Emirates Business Group (IEBG) was honoured with the FIN Award.

The discussions at the event were by Baroness Osamor Martha, Incumbent Member of Parliament, UK; H. E. Prince Dapo Abiodun, Executive Governor of Ogun State, Nigeria; Sir. Chief Kessington Adebutu, Chairman, Premier Lotto and H.E Zulfiquar Ghadiyali, Director at the Royal Office of Sheikh Tahnoon Al Nayhan Abu Dhabi; Mrs. Onikepo Akande, former Minister of Trade and Industry, Nigeria, amongst many others. The closing remarks was by Mr. Nick Kochan, Managing Partner Foreign Investment Network (FIN).

Appreciating his award, Dr. Adeduntan said, “I am truly humbled to receive the Forbes Best of Africa Award and I am grateful to the Forbes team for this coveted recognition and award. I owe profound gratitude to our customers; and to the Board, Management and Staff of First Bank of Nigeria Limited and all our Subsidiaries, for their cooperation in delivering the best to our esteemed customers and shareholders, and ensuring that we give back to the society in which we have sustained our business for over 126 years.”

“This Forbes Best of Africa award is an incentive to do more in Corporate Responsibility and Sustainability as Africa’s bank of first choice. Therefore, I dedicate this award to my colleagues at FirstBank and its Subsidiaries who are fully committed to our quest to remain truly beyond comparison – a haven of resilience, trust, safety, security, excellent corporate governance, entrepreneurship, professionalism, innovation and customer-centricity,“ he enthused.

According to a statement by Forbes “Adesola Adeduntan believes strongly in the importance of doing well by doing good. In March 2020 he spoke at the Edinburgh School of Business about financial institutions’ role as drivers of financial inclusion.”

“In his leadership role at First Bank of Nigeria Limited (FirstBank), Adeduntan is part of a 126-year legacy of sustained development-oriented services. FirstBank is the region’s foremost financial inclusion services provider.”

The Forbes Best of Africa Award is for business personalities with a record of creating and building great global businesses that have made far-reaching contributions to the development of Africa.

Only recently the FirstBank Chief was conferred with The Cranfield Alumnus 2020 Award by Cranfield School of Management Alumni and The African Banking Personality of the Year 2019 by African Leadership Magazine.

I Discovered Banana Island — Terry Waya

Nigerian billionaire businessman and established socialite, Terry Waya, says he discovered Banana Island, an artificial island situated in Lagos State.
The socialite, who is also the father of former Big Brother Naija housemate, Kiddwaya, said this in an interview with BBC News on Wednesday.

Waya revealed that he got wind of the project when he visited his friend, Abdulkarim Adisa, late General and ex-Minister for Works, in his office.
According to him, while talking with his friend, he discovered the government was looking for a partner with whom it would develop the project before selling it out.
The 55-year-old said he brought in Chagoury Group, a multinational company, to execute the project after he was awarded the contract.
He said: “Banana Island was given to me.
“Not many people know that I discovered that Banana Island.

“I brought Chagoury to do the project.
“Nobody knew that there was a Banana Island there.
“One day, I visited one of my closest friends called General Adisa, who was the Minister of Works at the time.
“I then saw a big poster behind him with the words: ‘Banana Island.’
“I asked him about it and he said that they were looking for a partner to do the work and then sell the land together.

“He said that the government will have their share and the partners too will have their share.
“I told him I was interested and he said no problem.
“And that was how Banana Island came to life.”
The billionaire added that he had inspired several of such projects in the country, which remain unknown to the public.
 
Waya, who is reputed to have thrown some of the most lavish parties in this part of town, but slowed down few years ago, made headlines during Kiddwaya’s stints at the reality TV show.
Recall that The Eagle Online earlier reported how Kiddwaya was evicted from the show alongside Prince after they scored the lowest votes for the week.

The ELITES Magazine Digital Edition Is Out!

Another scintillating DIGITAL edition of The ELITES Magazine is out, and we go on a lone-personality cover for this special edition.

This edition is a 160-page compendium tagged “Special Collector’s Edition” in honour of Bashorun Dele Momodu, the media mogul, publisher of Ovation International Media and a former presidential aspirant, who celebrated his milestone 60th birthday recently.

Readers are bound to learn a lot from amazing tributes, testimonies and interviews by some of the Nigerian society’s most prominent personalities, revered journalists, childhood friends and family members, in honour of this great Nigerian, who has touched so many lives as he journeys through life.

To read these juicy stories, click on the PDF links below👇👇👇👇👇👇👇👇👇

https://drive.google.com/file/d/1pOoqpc5W7ciPosTv6mHhgcgOUVEHU40m/view





Check Out This DIGITAL Edition of The ELITES!

Enjoy the best of Nigerian society’s juicy stories, world-class events and exclusive pictures from our current DIGITAL edition. You don’t want to miss this 80-page package, which is replete with unputdownable stories. It will be worth your while…

CLICK on the PDF link below to read the full story
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https://drive.google.com/file/d/1z2pZo9RXtpcqRlHfLQHC5RB4f9s7VRQC/view?ts=5f394cf3




Bola Ige: From Here To Eternity

By Dare Babarinsa

Chief Bola Ige would have celebrated his 90th birthday last Sunday September 13, were he to be on this side of eternity. Instead, he is with the ancestors, those eternal beings that fascinated him to no end. Ige was our leader and we loved him for he loved us with passionate commitment. He was a passionate man who loved deeply and without guile. He was sensitive and kind. He was a warrior who fought for peace and justice in Nigeria and the world. He died on his feet.
Few months to the closing of his illustrious career, he was thinking of returning to the international arena where he was a major player as a young man. He wanted a spot with the International Criminal Court. I met him in December 2001 at the Ikoyi official residence of his late wife, Justice Atinuke Mobonike Ige, who was then a judge of the Appeal Court in Lagos. He showed me the draft of a letter of resignation he wanted to submit to President Olusegun Obasanjo in whose government he had served as the Minister of Justice and Attorney-General of the Federation for almost 24 months. He had earlier served as the Minister of Power and Steel.

At that last meeting, Ige was in a melancholy mood. When the celebrated poet, Odia Ofeimu, joined us that evening, Ige remained moody. He was fixated on leaving the government and moving on to something else. Ofeimu and I studied the letter and offered suggestions. I left the two of them to discuss other matters and headed home. Ige’s sober mood had affected mine.
About a week earlier, Ige was assaulted at the Ile-Ife palace ground of Oba Okunade Sijuwade, the Ooni of Ife. Otunba Iyiola Omisore, the impeached Deputy-Governor of Osun State, had led a group of thugs to the palace where the Ooni was presiding over an elaborate ceremony where Mrs Stella Obasanjo, then the Nigerian First Lady, was being conferred with a chieftaincy title. In 1980, when Ige was the Governor of old Oyo State, he was the one who approved the appointment of Prince Okunade Sijuwade, as the 50th Ooni in succession to the illustrious Oba Adesoji Aderemi, first Governor of the defunct Western Region. Despite the turbulence of the Second Republic, Ige had always felt at home in Ife where he also held an honourary chieftaincy title. But now, things were different and Omisore was leading the rebel flank.

Though Ige knew there was trouble in Osun between Governor Bisi Akande and Omisore, his ambitious deputy, he thought he was above the fray. He had sought to make peace severally but failed. He did not know that Omisore now counted him as one of his foes. It was a testy day. Chief Ige had travelled to Ife without any security escort as befitted his ministerial office. Instead, he came alone with his driver and one Daramola, his SSS security details.
I had been invited to the ceremony by Baba Sijuwade and witnessed the whole horrific scene. While the ceremony was going on, the Omisore boys were singing abusive songs against the former governor. They ignored all entreaties from the Ooni Sijuwade and continued to heckle and embarrass Ige. At the end of the ceremony, as guests trooped into the inner palace for the reception, the thugs surrounded Ige, seized his cap and humiliated him. He was only rescued from them by the security details that came with Chief Olabode George, a former military Governor of old Ondo State who was now a chieftain of the People’s Democratic Party, PDP.
About a week after we met in Lagos, Ige attended his last public gathering at Aiyepe, Ogun State, for the funeral ceremonies of Otunba Solanke Onasanya, the master baker, one of the veteran of the old Action Group. Onasanya was our host for many meetings of Afenifere at his Ore Close in Surulere. Ige was not himself at that gathering considering the news coming from his home state of Osun where one of the principal supporters of Omisore in Ile-Ife had been assassinated. In the night of December 23, 2001, the assassins came for Ige in the sanctuary of his home in Ibadan. Even now, the smoke of the assassins’ guns still hung on our country like a menacing miasma. The assassins are still with us for they believed they have escaped earthly justice. No one however can escape the Judgement Throne of eternity.

As Minister of Justice and Attorney General, Chief Ige was concern about the issue of public justice. He did a lot of things and I would like to mention only three. One, he embarked on the programme for the reform of the Laws of the Federation, believing that many of the old laws with roots in our colonial experience needed to be re-written and some discarded. Two, he was interested in the reform of the 1999 Constitution and when President Olusegun Obasanjo opened a window for it, he seized the opportunity. The Committee for the Review of the Constitution, on which Chief Ayo Adebanjo, Afenifere chieftain, served for many months, toured the country and collected many memoranda. When the committee was starved of fund, Ige got an international agency where Dr Julius Ihonbere, a Nigerian internationalist, was serving, to give grants. The third was the issue of the offshore oil of the coastal oil producing states. Ige ensured that they got justice from the Federation account.
But Ige’s greatest contribution to Nigeria was in the area of leadership. He believed in mentoring of the next generation. Just as he was mentored by Chief Obafemi Awolowo, he believed he had a duty to mentor oncoming generations. In 1995, when we formalized the meeting of Idile Oodua, it was Ige who took us to Chief Adekunle Ajasin, the leader of Afenifere and first elected Governor of old Ondo State. Three members of Idile, Prince Ademola Oyinlola, Prince Adedokun Abolarin (now our father, the Oragun of Oke-Ila) and this writer, were the three delegates meeting with Ige regularly in Ibadan. It was Ige’s idea that we formed the Alpha Group where he served as our chairman and I was the secretary.
Ige’s idea of leadership recruitment was fundamentally different from that of most members of the Afenifere leadership and this put him at odds with some of them. I am not going to dwell on the presidential nomination contest which pitched him against the famous economist and public servant, Chief Olu Falae, which eventually ended in the D’Rovan, Ibadan, debacle. Let us examine the emergence of the governors of Oyo and Osun in 1999. These two states constituted the old Oyo State over which Ige ruled from 1979 to 1983.

Ige believed that those who would carry Afenifere flags in the 1999 general elections should be carefully picked and should not be left to the vagaries of party primaries that could be dominated or manipulated by money. While elaborate primaries were organized in the remaining Yoruba states of Lagos, Ogun, Ondo and Ekiti, the situation in Oyo and Osun were decidedly different.
In Oyo, Ige had favoured the emergence of Chief Koleosho, who however declined to run preferring to support the emergence of another candidate. Then Ige shifted his focus to Chief Rashidi Ladoja, a businessman and later Alhaji Lamidi Adesina, a retired school teacher who was a member of the House of Representatives during the Second Republic. In Osun, his choice was Chief Bisi Akande who had served as the Deputy-Governor of old Oyo State under Bola Ige. He earlier served as the Secretary to the State Government, SSG. Both choices were to prove fortuitous and the landmarks and legacies are there for everyone to see.
I don’t know whether there is any structure on ground now in Yorubaland and Nigeria on the recruitment of leaders and on the mentoring of the next generation. Suddenly we found there are so many people occupying leadership positions and yet there are very few leaders. Ige was a leader. He did his best and gave his all for this country. That is why his memory would remain evergreen down the centuries long after his assassins would have embraced their miserable deaths.

REVEALED: Why Cardi B Filed for Divorce From Offset

According to multiple outlets, Cardi B filed for divorce from her husband, Offset, on Tuesday, September 15, in Georgia—but we’re just now getting some new details about what led her to make the decision. E! News reports the paperwork filed states that their marriage is “irretrievably broken” and that “there are no prospects for a reconciliation.”

“Cardi does not trust Offset. She’s really tried for the last two years and has tried to forgive him,” a source told the outlet. “It’s been hard for her since the last cheating scandal and there have been rumors of him being unfaithful again.” Another source told People something similar about Offset’s alleged infidelity. “Offset has pretty much cheated the entire time, but Cardi looked the other way because of the baby,” the source said. “She also didn’t want to be embarrassed. But she’s had enough.”

Apparently the split is “very shocking to everyone around them,” per the source who spoke to E!: “They have been living together, parenting Kulture, and seemed to be doing fine from an outsider’s perspective.”

The source continued, “He has been pleading with her that he hasn’t, but many girls have come forward with claims. She had enough and decided to file…. [Cardi B] wants to be a good example for her daughter and women out there.”

Back in April 2018, Cardi addressed one of the previous times Offset had been accused of cheating on her and why she decided to stay with him. “It’s like everybody is coming down my neck like, ‘Why are you not leaving him? You have low self-esteem,’” she told Cosmopolitan. “I don’t have low self-esteem. I know I look good. I know I’m rich, I know I’m talented. I know I could get any man I want—any basketball player, football player. But I want to work out my shit with my man, and I don’t got to explain why.”

Cardi continued, “I’m not your property. This is my life…. I’m going to take my time, and I’m going to decide on my decision… It’s not right, what he fucking did—but people don’t know what I did, ’cause I ain’t no angel.”

Cardi and Offset have not yet commented on their reported split.

Wike Redeems N30m Bounty on Bobosky

The Rivers State Governor, Nyesom Wike, has redeemed the N30million bounty he placed on a notorious criminal suspect popularly known in the underworld as Bobosky.

Bobosky died at the Rivers police command in Port Harcourt shortly after he was captured by the police.

Wike while presenting the cheque to the Commissioner of Police Mr. Joseph Mukan on Thursday said that he was elated that the police and members of the public worked assiduously to ensure the arrest of the suspect.

The governor, who was represented by the Secretary to the State Government (SSG), Dr. Tammy Danagogo, said that his government would continue to ensure the safety of all Rivers people.

He said: “Governor Wike will continue to stand by his words, as this is not the first time such redemption is occurring in the state. If we can recall when the Governor made a promise over Don Wani, a criminal who disturbed the peace of ONELGA, all security agencies and citizenry were activated to capture him, and the pledge was also redeemed”.

He thanked the Police and members of the public for their belief in Wike’s promise to reward all whistleblowers.

“I thank the police officers for the gallantry in arresting the criminals and I also thank the informants who cannot be mentioned here”, he said.

In his remarks, Mukan thanked the governor for fulfilling his promise stressing that it was not an easy task as the police murdered sleep and exhibited but professionalism throughout the operation, that led to the arrest of Bobosky.

He said that the IGP Community Police Scheme was working well in information and intelligence gathering helping the police to reduce crime in the state.

He assured the people of Rivers State that the Police would not relent in their duties promising to continue to partner with the public to wipe out all criminal elements in the state.

He promised to capture the remaining members of the Bobosky gang, and also the so-called VIP and his gang terrorizing the Ahoada axis of the state.

BREAKING: Babalakin Resigns As UNILAG Pro-Chancellor

+ Alleges outcome of Visitation panel predetermined

The Pro-Chancellor of the University of Lagos, Dr. Wale Babalakin(SAN), has resigned following alleged disagreement with the Federal Government on the Visitation Panel sent to the university.

He said there were too many vested interests in UNILAG matter, who were not approaching the issues objectively.

But he said it has come to a stage he must stand by his principles since the Federal Government believed the actions he took may not be right.

He said the visitation panel was raised to exonerate the Vice-Chancellor and implicate the Pro-Chancellor.

He said although he appeared in protest before the panel, he made it clear that the panel could not determine the issues before it.

He said he will also not be available again to serve as the chairman of the Federal Government Negotiation Team on the Agreement reached with university unions in 2009.

He has been the chairman of the negotiating team since January 6th, 2017.

He said he had served the university system in Nigeria with his heart and intellect.

He said as Pro-Chancellor of the University of Maiduguri and the University of Lagos, he did not receive sitting allowances and other perks of office.

He said he did not allow the two institutions to provide him with food or drinks.

He said he paid for every right or privilege that was conferred on me.

Babalakin’s letter of resignation to the Minister of Education, Mallam Adamu Adamu was dated September 15, 2020 but it was made public barely a few hours after the submission of the report of the Visitation Panel.

The same letter was copied President Muhammadu Buhari, who is the Visitor to the university.

The letter reads in part: “I would like to thank the President of the Federal of Nigeria, President Muhammadu Buhari for giving me the opportunity to serve as the Pro-Chancellor of the University of Lagos (the “University”) from May 2017 till date.

“I am also grateful that I was considered fit to be the Chairman of the Federal Government Negotiation Team on the Agreement reached with university unions in 2009, from 6th January 2017 till date. I equally want to thank you sir, for your role in recommending me to the President.

“Recent events have made my position in these two offices untenable.

“I led the Governing Council of the University to remove the Vice-Chancellor of the University from office for amongst other reasons: (a)Corruption and financial recklessness; (b)Forgery; (c) Complicity in the collapse of the University library and planned cover up; (d) Deliberate policy of wrongfully concealing information; ( e) Depriving the Faculties in the University of funds; (f)Concealing and distorting finances of the Internally Generating Units of the University; (g)Undermining the academic process and seeking to appoint a Professor by fiat; (h) Siphoning of the University’s funds through dubious contract awards; (i)Undermining the office of the Registrar; (j) Failure to follow due process in organizing the University’s convocation ceremony; and (k)Sponsoring or acquiescing in the unconstitutional actions of the Academic Staff Union of Universities (ASUU), University of Lagos chapter.

“Sir, it is noteworthy that all the Federal Government Representatives who are the independent members on the Governing Council voted for the removal of the Vice-Chancellor.

“After calm had been restored in the University, the Visitor acting within his powers, set up a Presidential Visitation Panel to review the actions taken by Governing Council.

“The Vice-Chancellor (who had been removed from office) and myself were told to recuse ourselves for the duration of the Visitation Panel.

“I find it difficult to understand how a non-executive Chairman of a Governing Council could be requested to recuse himself during the visitation

“The Vice-Chancellor could only recuse himself if he were still in office. Implicit in this position is that the Vice-Chancellor was acknowledged as still being in office despite his removal.”

Babalakin faulted the terms of reference of the committee, which he claimed, were set to achieve a predetermined agenda.

He added: “The terms of reference of the Visitation Panel clearly indicated to any discerning person that the Visitation Panel was empanelled to exonerate the Vice-Chancellor and implicate the Pro-Chancellor. “For easy reference, the terms of reference of the Visitation Panel are:

  •  To review the report of the Council sub-committee on review of expenditure of the University of Lagos since May 2017 and make appropriate recommendations after affording all those indicted an opportunity to defend themselves;
  • To examine the steps taken by the Council leading to the removal of the Vice Chancellor, Professor Oluwatoyin Ogundipe, and ascertain whether due process was followed as stipulated in the Universities (Miscellaneous Provisions) (Amendment) Act, 2003, and the principle of fair hearing adhered to;
  • To determine whether the process (if any) leading to the appointment of the acting Vice Chancellor for the University was consistent with the provisions of the enabling Act;
  • To make appropriate recommendations including sanctions for all those found culpable by the special visitation team on the allegations contained in the report as well as other subsequent actions arising therefrom; and
  • To make any other recommendations that will assist the government to take decisions that will ensure peaceful, stable and effective administration of the University.

“As stated earlier, the Vice-Chancellor was removed for various reasons and not just as a result of the findings contained in the Dagari Report. Items (b) and (c) were directed at the Pro-Chancellor and Governing Council.

“Unfortunately, those items deal with the interpretation of the laws of the land. The appropriate forum to determine the laws of the land is a court of law or a judicial tribunal. It cannot be determined by academics of a different discipline no matter how distinguished. These terms of reference are ultra-vires the Visitation Panel as constituted.”

Babalakin also alleged that the composition of the panel was awkward.

He said he only appeared before the Panel in protest because the panel could not determine the issues before it

He said: “The membership of the Visitation Panel is simply inappropriate in the circumstance. How can a committee of Vice-Chancellors determine the culpability or otherwise of the actions of a Pro-Chancellor and a Governing Council?”

“On the face of it, it is simply wrong! Furthermore, the Vice-Chancellors on the Panel were drawn from relatively smaller universities who are not likely to have a comprehensive understanding of the procedure contained in the University of Lagos Act (as amended).

“Even Vice-Chancellors of state universities were included. As Chairman of the Federal Government Negotiation Team, I know the challenges faced with the administration of state universities.

“I only appeared before the Panel out of my very great respect for you, Sir. My training as a lawyer revealed to me very clearly, that the Panel was inappropriate for the assignment.

“During my appearance, I made it very clear that I was appearing in protest and the Panel, as constituted, could not determine the issues before it. The active participation of the staff of the Ministry of Education in the Panel and their contributions throughout the sittings especially the hounding of witnesses who came to testify against the Vice-Chancellor was enough to show very clearly that the technocrats in the Ministry had a defined agenda.

“Their obvious agenda was to humiliate the Governing Council. Sir, fortunately there is a verbatim recording of the proceedings of the Visitation Panel, and you may wish to direct objective persons to listen to the recording.

“I am particularly relieved by the comment of the Chancellor of the University, His Royal Highness, Alhaji (Dr) Abubakar Ibn Umar Garbai Al Amin El-Kanemi CFR on the situation in the University. In a letter dated 15th September 2020 and addressed to your good self (which I was copied), His Royal Highness stated thus:

“I have discovered that there are too many vested interests in this matter, who are not approaching the issues objectively. For this reason, I strongly advise that the Visitation Panel should not submit any formal report to the Minister that may hinder my ability to deal with the issues comprehensively”

“I have served the university system in Nigeria with my heart and intellect. Amongst other offices, I was:

  •  Pro-Chancellor, University of Maiduguri (2009 – 2013);
  • Chairman, Council of Pro-Chancellors of all Federal Universities (2009 – 2013);
  • Chairman, Federal Government Implementation Team of the 2009 Agreement (2009 – 2013);
  • Chairman, Federal Government Negotiation Team of the 2009 Agreement (2017 till date);\
  • Pro-Chancellor, University of Lagos (2017 till date).

“These were made possible by a system that provided resources and also ensured proper monitoring of the resources.

“The educational system in Nigeria requires more funding but most importantly, it requires prudent management of the limited resources.

“It was my determination to ensure that the limited resources of the University of Lagos were properly utilized that motivated me to lead the Governing Council to take the decisions which the Governing Council took.”

Babalakin said he had served the university system in Nigeria with my heart and intellect.

“In all these positions that I have held, I did not receive any remuneration. Specifically:

“I did not receive any sitting allowance. I did not receive any tickets or travel allowance.

I did not receive or use any official car.

In the University of Maiduguri and University of Lagos, I did not allow the institutions to provide me with food or drinks. I paid for every right or privilege that was conferred on me.

“Even when I travelled to the United Nations Educational, Scientific and Cultural Organisation (UNESCO) on behalf of the Federal Government of Nigeria, I paid for my ticket and my expenses.

“I did not obtain any contract from the education sector in my relative long sojourn in the sector.

“My motivation for my actions is that I had the best education that an intellect could provide in Nigeria and abroad. It is my fervent desire that every Nigerian should have the sort of opportunities I had.

“I remain very grateful to all the members of the Federal Government team on the Governing Council of the University of Lagos, namely: Alhaji Ali Hussein; Rev. Yomi Kasali; Dr. Bayo Adaralegbe; and Dr. Saminu Dagari.

“It would be very difficult to find a group of more selfless persons than these individuals. It is acutely hurtful that I am leaving before achieving our goal of sanitizing the University of Lagos, and turning it to a reference point in Africa and the world, rather than the unenviable poor position it now occupies.

“Unfortunately, I must stand by principle. In a situation where my employers believe that the actions I took may not be right, the appropriate thing to do is bow out in honour. Sir, may the Almighty Allah continue to bless you.

Source: The Nation

Otedola Splashes N300m On Ferrari Cars For Daughters

Femi Otedola, Nigerian businessman and father to popular entertainer Florence Ifeoluwa Otedola (DJ Cuppy) has spoilt his three daughters with a Ferrari Portofino each.
The 57-year old philanthropist took his three kids shopping and bought the cars.
According to Edmunds, the least-expensive 2019 Ferrari Portofino is the 2019 Ferrari Portofino 2dr Convertible (3.9L 8cyl Turbo 7AM). Including destination charge, it arrives with a Manufacturer’s Suggested Retail Price (MSRP) of about $210,783.

AutoGuide gives a retail price of $215,000 for the 2020 Portofino, the most basic of the Ferrari brands.
In Naira terms the cost will be between N240 and N251 million at the official exchange rate of N387 to a dollar. In the parallel market at N465 to a dollar, it means the billionaire has spent about N300 million on the gifts to his daughters.

Cuppy earlier today flaunted the cars on Twitter in a post that read “Papa took us shopping and bought one of each! #FerrariPortofino  #CuppyDat.”
The cars came with customized plate numbers.

News of the gifts has ignited a frenzy on Twitter, especially with Cuppy hinting the Ferrari may be the theme for a new song.
“Don’t say I didn’t warn you… Cuppy in a rarri! Two heartsCupcake Skrrrr skrrrr!”
Davido, in a retweet wrote: Congrats cuppy …. FireFire I will do the same for my daughters one day AMEN .. chai money good”.

Bill Gates Sr., Father of Microsoft Co-Founder, Dies At 94

The father of Microsoft (MSFT) co-founder Bill Gates died Monday, according to his son. William Henry Gates II was 94 years old.
“We have all had a long time to reflect on just how lucky we are to have had this amazing man in our lives for so many years,” Bill Gates wrote on his official blog.
The elder Gates was an Army veteran and a founding partner in a Seattle law firm, according his official biography.

Bill Gates said his father was critical in starting the charitable organization that has been Gates’ central focus since he stepped away from running Microsoft.
“The Bill & Melinda Gates Foundation would not be what it is today without my dad,” Gates said.
Bill Gates’ father served as co-chair of the foundation, which started in 2000.
The family statement does not give a cause of death, but says William Gates II had been in declining health.
“People used to ask my dad if he was the real Bill Gates,” the tech magnate wrote. “The truth is, he was everything I try to be.”