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Emeka, Son Of Phillips Oduoza, NOVA Merchant Bank Chairman, Dies At 27

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Emeka Oduoza, the son of the Chairman of NOVA Merchant Bank, has passed on, aged 27.

Emeka, a promising investment banker, died at the weekend in New York, United States.

Until his death, Emeka was a reputable and valued member of Blackstone, one of the largest financial institutions in the world.

The young Oduoza was renowned for his excellence, dedication, and impact within the financial landscape in the States.

Emeka’s career has been marked by consistent dedication to his craft, a vision for growth, and an unwavering commitment to the principles that underscore the world of finance.

Emeka Oduoza, born in New York, spent his life cultivating relationships, pursuing passions, and leaving a lasting mark on those fortunate enough to have known him.

“Emeka was not only a beloved family member and friend, but he was also a distinguished member of the Blackstone community. His exceptional skills and commitment to his work as a Blackstone member made him a valued and respected colleague. He approached his responsibilities with unwavering dedication and a deep sense of integrity, leaving an indelible impression on all who had the privilege of working with him,” Blackstone said in a statement.

“Beyond his professional achievements, Emeka had a passion for life that was infectious. He had an insatiable curiosity and a thirst for knowledge, which led him to explore the world and engage in meaningful conversations with people from all walks of life. His ability to connect with others on a genuine level made him a true friend to many,” Blackstone further said.

The young Emeka’s legacy is a testament to his character and the impact he had on those around him. He leaves behind a legacy of kindness, generosity, and a commitment to excellence.

Emeka is survived by his parents, Jumai and Phillips Oduoza, his brother, Uzoma, nephew, sister in law, numerous uncles, aunties and cousins.

He will be buried on September 5 in Los Angeles, California, United State

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BREAKING: Reps Suspend Implementation Of Cybersecurity Levy

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The House of Representatives on Thursday ordered the Central Bank of Nigeria (CBN) to stop enforcing the cybercrime levy in accordance with the terms of the cybercrime Act.

This came after the PDP Rivers Minority Leader Kingsley Chinda’s urgently important proposal was adopted.

According to Chinda, the Cybercrime Act’s section 44 (2a) identified the following entities as required to pay the fees: stock exchanges, insurance firms, banks and other financial institutions, GSM and telecom businesses, and Internet providers.

The lawmaker explained that the circular from the CBN has raised apprehension across Nigeria, stressing that it has given the impression that the levy is to be paid by Nigerians in an era when they are still battling with an increase in the price of petroleum products, among others.

The House subsequently asked the apex bank to withdraw its earlier circular on implementing the levy immediately and issue another circular in line with the provisions of the Act.

 

More to come…

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Alleged Fraud: Court Grants Sirika, Daughter, Two Others N100m Bail Each

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A Federal High Court located in Abuja has granted N100 million in bail to Hadi Sirika, a former Minister of Aviation, along with two other individuals and his daughter.

They are on trial for allegedly defrauding the N2.7 billion. The court orders them to submit two further sureties, both of whom must have acquired properties in Abuja.

The court ruled that the sureties had to be law-abiding citizens as well. A means affidavit must be deposed to by the sureties.

The accused were also prohibited by the court from leaving the country without authorization.

Justice Oriji ordered that the defendants should be remanded in prison custody if they failed to meet their bail conditions.

The sureties must own landed properties within the FCT with valid titles. The trial will commence on the 10th, 11th and 20th of June.

 

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JUST IN: Former Aviation Minister, Sirika, Daughter Arrive Court Over N2.7bn Fraud Case [PHOTOS]

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Hadi Sirika, Former Minister of Aviation, alongside his daughter, Fatima have arrived at the Federal High Court in the Federal Capital Territory, Abuja where they will be arraigned for an alleged N2.7bn fraud in connection with the botched Nigerian Air project.

Recall that the Economic and Financial Crimes Commission (EFCC) has slammed six counts on the former minister, his daughter, and two others.

The anti-graft agency accused Sirika of conferring undue advantage on some entities between April 2022 and March 2023 in Abuja.

It added that that embattled minister abused his office by awarding consultancy N1.3bn contract for the Nigerian Air Start-up to Tianero  Nigeria Limited.

 

See photos below:

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