Connect with us


BIG STORY

$19bn Petrochemicals Plant Earn Aliko Dangote, Award From Afreximbank

Published

on

President of Dangote Group, Aliko Dangote was on Monday night recognized and given the “Founder of the Year 2023” award by the African Export-Import Bank (Afreximbank) at an award ceremony held by the bank in in Accra, Ghana.

The award was given to Dangote because of his newly opened $19bn petrochemicals plant, which is now the Africa’s largest refinery.

Group Managing Director, Dangote Industries Limited, Olakunle Alake, was in Ghana to receive the award on behalf of Aliko Dangote.

A statement issued by the organisers of the award stated that: “The Pan-African Business and Development Awards were designed to celebrate and recognise the excellence of outstanding organisations and individuals within the African business and finance sectors.

“The evening recognised some leaders in African business, and Aliko Dangote (GCON) won the Afreximbank Founder of the Year in recognition of his extraordinary achievements building one of Africa’s leading industrial groups with a truly pan-African footprint. This comes on the back of the recent official opening of his $19bn petrochemicals plant and Africa’s largest refinery, which received substantial support from Afreximbank.

“Two other greats of industry, the Zimbabwean Strive Masiyiwa and the Togolese Koffi Gervais Djondo were also recognised for their outstanding contributions to African business and industry. Masiyiwa is the founder of Liquid Intelligent Technologies, which has the largest network of fibre optic cables on the continent, Cassava Technologies, and Econet, the largest telecoms and mobile payment operator in Zimbabwe. Djondo helped found Ecobank, the leading African group in terms of footprint, as well as regional airline Asky.

The statement further revealed that telecoms operator MTN and Egyptian business ElSewedy were also given Special Recognitions awards. MTN was recognised for transforming the Africa telecoms sector and ElSewedy for its role in the Africa infrastructure sector. ElSewedy and Afreximbank have built a strong relationship that has seen its group become a true continental champion and part of a consortium of African banks and private sector companies that are building the multi-billion dollar Julius Nyerere Hydropower Project in Tanzania.

Three banks were recognised in the Financial Institutions of the Year category. National Bank of Egypt, First Bank of Nigeria and Coris Bank, an important regional player in West Africa that started off in Burkina Faso, were chosen based on their volume of trade finance facilities they have utilised.

BIG STORY

Netizens React As VeryDarkMan Shares Another Leaked Call Recording Of Bobrisky

Published

on

Nigerians have taken to social media to express their thoughts on the latest leaked call recording allegedly featuring controversial crossdresser, Idris Okuneye, popularly known as Bobrisky.

Bobrisky found himself at the center of another controversy following the release of an alleged call recording by social media influencer, Martins Otse, a.k.a. VeryDarkMan.

According to VeryDarkMan, the recording was made on May 16, 2024, and is not a continuation of a previous recording he shared.

In the recording, which VeryDarkMan asserts is a separate conversation from a previous leak tap, Bobrisky purportedly admitted to not being in prison but rather in a well-furnished apartment near the prison, amongst other claims.

The leaked recording has sparked varying reactions on social media platforms, with many Nigerians expressing shock, disappointment, and skepticism about the authenticity of the recording.

On X, formerly Twitter, UGo tweeting as #Oforma19 wrote, “Only small star Maggi person steal them luck am for prison imagine Bobrisky with money laundering case no go prison.”

Wills Media, who tweets as #WillsMedia247 wrote, “Those that Bobrisky trusted are even his worst enemies. He thought he had friends, but it’s a pity he had beasts. Why will a trusted friend bring his guy down for what reason?”

#fm57661959 tweeted, “He-she will tell us the reason he-she gave EFCC some money to drop the money laundering charges if all the money in he-she account is a legitimate money, Aza man-woman.”

#AdeyemiOladip14 tweeted, “How this guy dey see all the call note, shey they don plan say them go koba bob ni abi why all of them dey record their conversations with him, sorry her.”

Olawale tweeting as #WealthyWave04 wrote, “If no be say dem swear for many people for this country, how person go see or hear this level of corruption come still dey blame or criticise who cast the corruption cuz dem no like the person? How na. Tomorrow una go dey shout we want a better Nigeria. Una want better Nigeria with this una behaviour? E no fit work.”

Commenting under VeryDarkMan’s post on Instagram, #real___barlow wrote, “Bob risky no get better friends at all abi who drop this record again?”

#okoruwamiracle commented, “Why bring it here for us to see and hear if you have enough proof? Even if you do, take them to court na abi na we wan judge the case for you or don’t you know that bringing it on social media is and will always remain an allegation? Tell the police, take them to court and judge with your proof.”

#officialbhigshaq commented, “See forget say that Bob dey live that kind of life, but this VDM should just go and chill, this Bob you are dragging went to prison for a weightless crime, almost the 90% of Nigerians have committed. Why don’t you start with what happened during the 2023 election? Forget this bob matter, you are just doing this because you went to prison and you feel he or she didn’t go too.”

Recall that in September, VeryDarkMan shared a purported audio of Bobrisky, claiming he bribed some Economic and Financial Crimes Commission officials with N15 million to drop the money laundering charge against him.

VeryDarkMan claimed to have received the audio record from someone to whom Bobrisky owed money.

Bobrisky, however, denied bribing any EFCC officer to drop money laundering charges against him, saying that he served his jail term.

He had also described the initial viral voice recording as fake, stressing that the claim that he was never in prison was false and should be ignored.

  • What Bobrisky Said In The New Leaked Recording

‘I charge up to $100,000 for influencing’

Popular crossdresser Idris Okuneye, popularly known as Bobrisky, has allegedly stated that he collects up to $100,000 for influencing on social media platforms.

He noted that while many people believe he’s into money laundering and fraudulent acts, his source of wealth is from a genuine source, with one of them being social media influencing.

This was revealed in a video posted by popular social media influencer, Martins Otse, a.k.a. VeryDarkMan, today, Monday, October 7, 2024. The call recording was made on May 16, 2024, according to VDM.

“All the money I have is genuine and the sources are like most of my influencing [sic], like that day I called you that one woman wanted to pay me £10,000, you know I told you that it’s for influencing. So, people don’t know how I charge a lot of money for influencing but I made them understand I charge as far as $100,000 to influence,” Bobrisky allegedly said in a recorded voice call with a male contact whose name remains unknown.

The crossdresser, who was convicted for mutilating the naira in April and sentenced to six months in jail, noted that he had access to his mobile phone while in custody.

The male contact had initially asked if Bobrisky was out of prison before he responded in the negative, then said he hadn’t been talking to people over the phone.

He said, “People have been sending me so many messages but I’ve not been responding because I don’t want anybody to know that I have my phone. I only want to talk to somebody that I know I can trust.

“So if you think you cannot do it, all fingers are equal. Some others do it and trust me, God blessed the hustle. Obviously, I met a very terrible judge who wasn’t fair at all.”

Continue Reading

BIG STORY

‘Hoodlums’ Raze Section Of Eleme Secretariat, Hours After Police Unsealed Rivers LGA Headquarters

Published

on

Suspected hoodlums have set a section of the Eleme local government secretariat in Rivers state on fire.

The incident comes hours after Kayode Egbetokun, the inspector-general of police, ordered the immediate withdrawal of police personnel from the secretariat of the 23 LGAs of the state.

Grace Iringe-Koko, police spokesperson in Rivers, announced that the IGP’s directive “is in line with the commitment of the Nigeria Police Force stance to ensure neutrality and the smooth functioning of democratic institutions.”

The fire occurred just hours after Siminalayi Fubara, the Rivers governor, swore in 23 newly elected local government chairpersons.

The Action Peoples Party (APP) won 22 LGAs in Saturday’s election, while the Action Alliance (AA) secured one LGA.

During the swearing-in ceremony on Sunday, Fubara mentioned there were plans to perpetrate violence against the elected officials on Monday.

“I’m aware that they are mobilising 20 people per unit to go and confront you tomorrow when you resume in your local government headquarters,” Fubara said.

“Please if they are coming with violence, avoid them.

“The peace of this state is too important to us. Everybody knows what they are planning but please I want to beg everyone to follow my approach.

“At the right time, you will always win if you are patient and calculative. We have made our promises to our people. We are going to lead them to the promised land.”

Tensions have been high in Rivers due to a prolonged turf war between Fubara and Nyesom Wike, the minister of the federal capital territory (FCT).

On October 3, a crowd besieged the Peoples Democratic Party (PDP) secretariat in Port Harcourt, the Rivers state capital, protesting against the LGA election.

Hours before voting commenced, an explosion reportedly rocked the secretariat of an All Progressives Congress (APC) faction led by Tony Okocha, the ex-chairman of the APC caretaker committee in the state.

On Saturday, police officers reportedly disrupted the local government election in Elekahia primary school, Port Harcourt.

Continue Reading

BIG STORY

Introduction Of FX Matching System Shows CBN Is Committed To Fair Market — Cardoso

Published

on

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), stated that the apex bank’s decision to implement the electronic foreign exchange matching system (EFEMS) demonstrates its commitment to fair and efficient markets.

Cardoso made these remarks while addressing members of the Harvard Club of Nigeria in Lagos over the weekend.

On October 3, the apex bank announced the introduction of the FX matching system.

During the event, Cardoso reiterated that the CBN’s move was aimed at enhancing transparency and providing more accurate oversight of FX transactions.

“Trust is the currency of central banking. If the public loses trust in the institution, the efficacy of its policies diminishes. Our decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in this understanding,” he said.

“By enhancing transparency and providing more accurate oversight of forex transactions, we send a strong signal that the CBN is serious about fair and efficient markets.”

According to Cardoso, being a leader—especially as the governor of a central bank—often requires making tough and occasionally unpleasant choices.

He emphasised that the bank is a listening institution and is not afraid to reconsider decisions if they fail to meet their original objectives.

“In the face of economic challenges, it is imperative to focus on core objectives—restoring the credibility of the institution, building trust in the financial system, and, most critically, containing inflation,” he said.

“These are not just strategic goals; they are foundational to any meaningful recovery.”

Reflecting on his journey as the apex bank governor, Cardoso noted that when he assumed office, he understood that the credibility of the CBN had to be the foundation of the actions taken by him and his team.

“Without credibility, no policy, however well-intentioned, can succeed. Floating the naira, a decision met with considerable public criticism, was necessary to bring the official exchange rate closer to market reality,” Cardoso said.

“The disparity between the official and parallel rates had encouraged arbitrage and speculation, eroding trust in the market.

“Credibility is earned by consistency. The decision to close this gap, while painful in the short term, sent a message to market participants that the CBN was committed to transparency and sound monetary policy.”

He added that speculative trading had been reduced and stability was gradually returning to the currency markets.

Cardoso mentioned that curbing inflation remained the CBN’s core mission, acknowledging that the apex bank had yet to meet its target.

However, he pointed out that recent declines reported by the National Bureau of Statistics (NBS) in July and August 2024 indicated that the CBN was moving in the right direction.

“Our decision to raise the Monetary Policy Rate (MPR) to 27.25% was a bold move. Higher interest rates, while painful for borrowers, are necessary to curb excess money in circulation and control inflation,” he said.

“Leadership is about making hard choices to secure long-term stability over short-term comfort in moments like these.

“Leading through challenging times means avoiding the temptation to take on too many initiatives.

“The Central Bank must focus on its core mandate—price stability. It is easy to become distracted by various political and economic pressures, but as a leader, one must prioritise.”

Effective communication, Cardoso said, is as important as the right policy, adding that clear and transparent communication builds trust.

“From publishing the results of the Dutch Auction to ensuring regular updates on economic data, transparency has been our guiding principle,” he said.

Cardoso concluded by stating that trust is built on the belief that a central bank will take the necessary steps to maintain economic stability—even when those steps are uncomfortable or politically contentious.

Continue Reading



 

Join Us On Facebook

Most Popular