Category Archives: News

War In The Home Of Beauty: Celebrity MUA, Banke Meshida Arrests Employees Over Alleged N28M Theft

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Celebrity make-up artiste, Banke Meshida Lawal is in rage! Her anger is not directed at anyone but two of her most trusted and favorite former employees, Demi William and Annabel Warrie.

Banke alleged that her two former employees left her employ and made away with her N28million, an allegation that got the two ladies arrested.

But those in the know countered the make up artiste with claims that she lied, that she only framed the ladies with then intent of smearing their names when they made their intentions known that they wanted to be on their own.

A source squealed to papermacheonline that she didn’t expect Banke Meshida to let go of the two without drawing blood, she pointed that Banke’s make up company is built on the strength of those two ladies who are experts on their job.

The anonymous client sent a text with the message ‘see, what all the clients want are the service of Demi and Annabel, we didn’t expect she would go to the length of framing them up for stealing because they left, that is cruel’.

Some influential individuals were said to have waded into the crisis with a plea to Banke to exercise patience.

As at the time of filing this story the two former employees of Mrs Lawal were said to have been granted bail with instruction to report to the police station whenever they are needed.

ZENITH BANK LEADS WITH HALF A TRILLION NAIRA GROSS EARNINGS IN 9 MONTHS

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In a clear show of resilience and strong market share in the Nigerian banking industry, Zenith bank posted impressive gross earnings of N531bn for the 9 months to 30th September 2017. This represents an increase of 40% year-on-year and 5% year-to-date, and in fact the highest published by any bank in the Nigerian Banking industry in the current reporting period.
The bank demonstrated its ability to take the right actions and make the right choices in its Assets and Liability management strategies culminating in an increase of 27% in interest income from N285.7bn as at 30 September, 2016 to N361.8bn as at 30 September 2017. The bank was able to strategically switch assets in favour of high yielding asset classes and was also able to optimally price its assets in a yield environment.
Also Non-interest income grew 79% year-on-year to 169.5bn driven by the bank’s ability to take advantage of its strong foreign currency liquidity to generate income.
The Profit before tax (PBT) and Profit after tax (PAT) of Zenith witnessed an impressive growth of 31% and 35% year-on-year respectively to N152.5bn and N129.2bn. Again this is a show of resilience and demonstration of the ability of this financial institution to innovate and create impressive value from resources available to it.
We note further that Zenith achieved this excellent financial performance, despite adopting a very conservative approach to recognizing potential losses in its risk asset portfolio.
The bank has continued to maintain solid and high quality capital position with capital adequacy ratio at 21% well above statutory requirement of 15% and providing room for further growth and strong and consistent dividend payout. Liquidity ratio remains strong at 61% and also well above the regulatory requirement of 30%.
Consistent with this superlative performance and in recognition of its track record of excellent performance, the bank was recently honoured as The Bank of the Year and Best Bank in Customer Service by the publishers of BusinessDay Newspapers.

Child Custody: Aminu Atiku Detained

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Aminu, of the sons of former vice president, Atiku Abubakar has been ordered detained.

This development is over an ongoing child custody case with his ex wife, Fatima

According to a report by the capital , “Aminu Abubakar, the son of Alhaji Atiku Abubakar, since his marriage with Fatima Bolori hit the rocks, he has known no peace.

However, a magistrate Court Sitting in the Tinubu area of Lagos has ordered the remand of Aminu Abubakar. Magistrate Kikelomo Ayeye ordered the remand for an alleged disobedience of a court order directing him to produce his son, eight-year-old Amir Atiku in court today (Wednesday).

On October 11, while listening to the proceedings in a case brought by Aminu Atiku’s estranged wife, Fatimo Bolori, the court had made the order for the emergency evacuation and protection of the child pending the hearing of the case today.

When the matter came up today, Aminu’s lawyer informed the magistrate that the parties were making plans to settle the matter out of court.

But the counsel to his estranged wife, Ethel Okoh, denied knowledge of an out-of-court settlement.

Magistrate Ayeye consequently cited Aminu Atiku for contempt of the court order made on October 11 and ordered that he should be remanded at the transit cell within the court premises while the case was stood down pending when he could produce the boy in court.

Fatimo and Aminu were divorced in 2011, and the two children of the marriage initially stayed with their mother, with an arrangement that they would spend vacations with their father.

However, during one of the school holidays in 2013, Aminu requested that they be released to him for a vacation abroad, after which he is said to have refused to let the kids return to their mother.”

2019: ‘Count Me Out’ -VP Osinbajo

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Vice President Yemi Osinbajo has ruled himself out of the presidential race in the forthcoming coming election in 2019.

Attending the Financial Times AFRICA Summit in London on Monday, he had been reportedly asked if he had considered running, Osinbajo, to which he replied: “None of that is on the card.”

However, speaking at the summit, Osinbajo had explained that the present administration was making specific efforts to enable the private sector to thrive specifically by undertaking extensive ‘ease of doing business’ reforms, in addition to on-going investment in infrastructure.

He noted that the federal government in the past months has been working assiduously to improve macroeconomic conditions.

“After a continuous slide in growth since 2014, the trend of growth in GDP has turned around with a modest growth of 0.55% in the second quarter of this year while inflation, though still somewhat high, has declined from its peak of 18.7% in January 2017 to about 16% today,” he stated.

Paddypaddybet Lands In Ibadan! Recruits 500 Staffers

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The sport betting game is gathering momentum and many are now moving into the business however Paddypaddybet’s incursion into the business is about adding value to the economic growth of Nigeria, without ripping the hard-earned money.

With the 20 outlets that opened up, Padddypaddybet outfit has extended its invest-in-people policy by generating employment opportunities for over 500 youths in and around the largest city in West Africa, Ibadan.

According to interim General Manager of Padddypaddybet, Mr. Alexander Ezekiel, ‘People are so much in love with football in this part of the world. Like in the USA, we know they like soccer and basketball. We have twenty-two sports on our live betting platform and we also have the virtual bet. In the virtual bet, we have horse-racing, etc. We also give instant rewards to stakers who win.

“Our strategy is a key to company development. We are developing the on-line and the retail network. We believe it is not everybody that has the basic computer knowledge, so we created the retail outlet for people to play. As it stands now, Paddypaddybet will soon be taking the shine off other stakeholders in the industry, as it is very set to unveil many packages in its progamme of re-defining the betting industry.”

Paddypaddybet.com can be played online and retail outlets.

Awolowo, Ajimobi, Oyinlola, Agbaje-Williams, Elizade, Faleti others honoured at IMEGA Awards

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The Patriarch of Awolowo’s family, late Chief Obafemi Awolowo, Governor Abiola Ajimobi of Oyo State, former Governor of Osun State, Prince Olagunsoye Oyinlola, Chairman, Elizade Toyota Nigeria Plc, Chief Micheal Ade-Ojo and First Female Broadcaster in Africa, Chief Mrs. Anike Agbaje-Williams were among prominent Nigerians honoured at the weekend at the maiden edition of Ibadan Mesiogo Golf Open Award.

The event tagged IMEGA Award 2017 held at the International Conference Centre, Ibadan was also used to honour former governor of the Western State, General David Jembewon (rtd), BOVAS Group Chairman, Architect Bamidele Samson, the multiple Paralympics Gold medalist in Weight Lifting, Yakubu Adesokan MON, and the Commader of Operation Burst while former governor of the Western Region, Late Adekunle Fajuyi, literary and Cultural Icon icon, Late Adebayo Faleti and the former Otun Olubadan of Ibadanland, Late Chief Omowale Kuye were also given post humous awards.

In his address at the occasion, Governor Abiola Ajimobi assured that the state government would not relent in its efforts to sustain the ongoing developmental projects as well as making life meaningful for the people of the state.

Zenith Bank Restates Commitment To Promotion Of ICT Knowledge Among Nigerian Youths

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Zenith Bank says it would continue to promote efforts that improve ICT knowledge and penetration in Nigeria through its sponsorship of Nigerian students in the global Microsoft World Championship.

The bank’s Group Managing Director, Mr. Peter Amamgbo, said this in Lagos on Wednesday at the Annual ReadManna Award and ICT Exhibition where prizes were presented to the Nigerian winner and participants at the Microsoft Word Championships.

The 2017 edition of the Microsoft Word Championship was held in Disneyland, California, U.S.A, where a Nigerian student, Katrina Eta, won the third place. The bank has partnered with ReadManna since 2010 for the Nigerian championship and since 2014 for the world championship.

Amangbo said that the bank was doing this through its commitment to the sponsorship of Nigerian students at the global competition, in line with its corporate social responsibility which has the promotion of ICT as an empowerment tool at its core.

Amangbo, who was represented by Mrs. Wunmi Ogunbiyi, a General Manager in the bank, said that the bank’s partnership with Readmanna, the organisers of the championship in Nigeria, has the potential to further improve ICT knowledge among Nigerian students.