Connect with us

News

FESTUS ODIMEGWU BATTLES TO REVIVE MORIBUND BUSINESSES (turns wine seller, leases nightclub)

Published

on

Former Chairman of the National Population Commission, Chief Festus Odimegwu has a lot up his sleeve as he plots to resurrect his crumbling businesses.
The man who for many years was the Chief Executive Officer of the Nigerian Breweries Plc has major interest in Hospitality, Oil and Gas, Real Estate and Entertainment.
Sources revealed that the businessman’s business empire was on the verge of collapse and that was the major reason he resigned his top job from the National Population Commission some months ago.ambrosia Festus-OdimegwuFestus-Odimegwu
Odimegwu’s resignation from the Commission came as a rude shock to many of his friends who thought he had the chance to win the heart of President Goodluck Jonathan who appointed him to the position without giving consideration to his private business which was suffering as he was revealed not to be getting what he hoped to leverage on as the head of the NPC.
An insider revealed that when Odimegwu was busy with the NPC his private business was in total mess which led to the close down of many of his investments.
One of his interests that experienced a closure was his Ambrosia nightclub in Victoria Island, Lagos which became a police matter where the ex NBL boss arrested some of his managers alleging a huge fraud that set back the account of the hangout in millions.
Odimegwu at the moment is putting machineries in motion to revive his businesses and the first step he is taking is to monitor everything by himself.
The businessman is also expanding his business fronts as he has injected a new business, the importation of exotic wines into the country.
The new wine, ANGEL is an alcoholic beverage which Odimegwu markets strictly within the circle of his rich friends, a bottle of the drink sells for 500,000 naira.
Papermacheonline was at the Ambrosia nightclub of Mr Odimegwu and witnessed the renovation taking place.
The hangout which is set to reopen for revellers for the Christmas and new year celebration is revealed to have been leased out by Odimegwu who feels he would not be able to supervise the full activity of the hangout based on its time of operation.
Odimegwu’s step to revive his business has not only paved way for his return to the social circle with a new status, it has also affected his spending and lifestyle.

Events

Insiders Revealed, Omoge Saida To Marry Billionaire Lover This December

Published

on

By

 

 

The social scene is already heating up as insiders reveal that popular lifestyle personality,Saidat Aralamo Asabi Balogun popularly known as Omoge Saida, is set to marry her billionaire lover in December — a development that has sent whispers of excitement across London, Lagos and Abuja high society.

According to those close to the stylish socialite, preparations for the much-anticipated ceremony are already underway, with talks suggesting it will be an exclusive, invitation-only affair.

Sources hint that the billionaire, a discreet yet powerful business magnate, has decided to make their relationship formal, in what many tagged a face saving situation from the nude video scandal.

Friends of Saida describe her as glowing, excited as she prepares for what many say is the beginning of a new, lavish chapter in her life.

Details remain tightly guarded, but insiders insist December is locked in — and if the early buzz is anything to go by, Omoge Saida’s wedding may well be one of the biggest society moments of the festive season.

 

Continue Reading

News

All The Shocking Details As PDP Declares Adedamola Osun Flagbearer, Beats Gov Adeleke in Tense Primary

Published

on

By

 

 

In a dramatic twist that has sent shockwaves through Osun’s political landscape, the Peoples Democratic Party (PDP) has declared Hon. Adebayo Adedamola as its governorship flagbearer after a fiercely contested primary that saw him defeat incumbent Governor Ademola Adeleke.

The keenly watched primary, held amid heavy security and intense party interest, drew party delegates from across the state. What many expected to be a smooth victory for the governor turned into a tightly fought race, with Fryo gaining momentum during delegate consultations and strategic bloc alignments.

According to party officials, Fryo clinched the majority of valid votes after what they described as a transparent, credible, and highly competitive exercise. His supporters erupted in celebration as the final tally was announced, chanting solidarity songs and hailing what they called “a new direction for Osun PDP.”

Adedamola, popularlcy called Fryo is said to be a close ally of APC stalwart, Iyiola Omisore. Fryo was among the people arrested over the killing of late Attorney General, Chief Bola Ige.

Political analysts say the upset signals a significant shift within the party’s power structure, as the result reflects growing agitation for fresh leadership and a repositioning of the party’s influence across local government blocs.

Governor Adeleke, who had sought the party’s ticket to secure a second term, was said to have congratulated Fryo in a closed-door exchange, though members of his camp are still digesting the unexpected outcome.

Fryo, in his acceptance speech, promised to unify the party, consolidate on its achievements, and present a formidable front ahead of the general elections. He described his victory as “a mandate for renewal” and urged party faithful to rally behind him for what he termed the decisive battle ahead.

With this development, all eyes are now on how the PDP navigates the post-primary atmosphere and prepares for a heated governorship election season in Osun State.

 

Continue Reading

Business

Tunde Ednut Earns $5,000 Per Day! -Report

Published

on

By

“Tunde Ednut earns $5,000 average per day, ISWIS made approx $200,000 from live events in one month” — Chude Jideonwo unveils creator economy data at Digital Creator Africa Summit
At the inaugural Digital Creator Africa Summit, media entrepreneur and #WithChude host Chude Jideonwo unveiled new data positioning the Nigerian creator economy as one of the most commercially powerful industries on the continent.
Highlighting explosive growth and overlooked business models, Jideonwo revealed that:
 • Tunde Ednut, the former musician turned Instagram media mogul, is estimated to earn over $5,000 a day through his platform — with a business model based on affiliate promotion, Instagram advertising, and music amplification.
 • The hit podcast “I Said What I Said” (ISWIS) reportedly made approximately $200,000 in gross revenue from live events alone in a single month, drawing thousands of fans across there US, the UK and Canada.
 • “What these numbers show,” Jideonwo said, “is that creators are no longer just influencers — they are media companies, and increasingly, nation-builders.”
The summit, held in Lagos and attended by creators, investors, and media leaders, was designed to shift the conversation from virality to value — reframing content creation as infrastructure, not just entertainment.
As part of his address, Jideonwo announced his $500,000 personal commitment to the FourthMainland Creator Fund — a catalytic investment vehicle to back high-potential African creators with funding, IP support, and platform distribution.
“We’re building the Mavin Records of storytelling,” he said. “Not just with fame, but with financial tools, ownership, and a full studio system that lets creators scale across the continent and diaspora.”
The Creator Fund is part of the broader FourthMainland ecosystem, a creator commerce platform set to launch in 2026. The platform will offer monetization tools, subscription infrastructure, and joint-IP models built around African content — positioning it as the first at-scale infrastructure for the continent’s growing $100B creator economy.
Jideonwo, whose ventures include Joy, Inc., #WithChude, and YNaija, closed with a call to funders and policymakers:
“If music had Mavin Records and tech had CcHub, then creators now have their studio systems — their Mavins — and they’re building billion-dollar value chains without waiting for permission.”
The keynote, titled “Overtaking is Allowed,” argued that Africa’s most important civic and cultural shifts today are being led by independent creators, and that media-tech infrastructure for creators is now one of the biggest opportunities for economic growth across the continent.
Continue Reading

Trending