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EXPO 2020 DUBAI: Fifth Intel Capital Wins Bid To Manage 30 Unit Short-let Apartments

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The Fifth Intel Capital company has won the bid to manage a 30-unit short-let apartment at the Dubai Expo 2020.

According to McKelvin Jude Oseh, the managing partner at Fifth Intel Capital “, this is a testament of resilience, sacrifice, and hard work”.

The bid has been on for over 3years, while some of the properties were still under development but scheduled for completion in 2020, to accommodate exhibitors and tourists during and post-Dubai Expo 2020 now 2021, due to Covid-19 pandemic; it was projected to increase access to affordable accommodation and presents new rental options to housing needs within the region, a project led by most of the foremost Real Estate developers in the UAE.

While Fifth Intel Capital’s consideration came as a surprise, they had to prove their competence by going through with the process, knowing the controversial narratives displayed towards Nigerians; biding for an International portfolio and asset management was quite challenging.

Fifth Intel Capital emergence was influenced by their deployment of new technology to unify multiple property management, in-depth marketing and communications skill, multicultural orientation, and employment model, one of which is ‘absorbing 90% of local workforce’ an approach Jude said to be “sustainable in strengthening business relations between both countries, contributing to creating jobs will increase opportunities for everyone”, a strategy the UAE government is amplifying efforts and investing towards with over $6.5billion plan to get more Emiratis into the private sector; a critical intervention more than ever, as the UAE host the world’s greatest show with 25million expected visits over the course of six months and up to 200 Nations bringing innovations to address global challenges and ultimately create a better world with the finest examples of human abilities.

Choosing Dubai as a destination to lead 75% of Fifth Intel Capital’s Real Estate investment, has presented the company with huge opportunities that everyone can benefit from, either by acquiring residential and commercial properties, or investing in assets that guarantee returns, as the company now have access to all the options and will continue to lead interested investors to make the right decision in a new territory.

While Fifth Intel appreciates everyone, who has helped thus far and to their partners in whom they are grateful for their support, this is proof of more businesses and opportunities ahead to broadening the horizon for a new generation to thrive; the world is indeed a global village and technology has brought us closer to achieve more together.

 

 

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NEWS

FirstBank Introduces Exclusive 500 Seater Bleacher at Carnival Calabar & Festival 2025

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FirstBank, West Africa’s premier financial institution and financial inclusion services provider, has officially announced its sponsorship of the Carnival Calabar & Festival 2025, unveiling a landmark addition set to redefine the carnival experience — the first-ever private premium seating area at the event.

The highlight of FirstBank’s participation is the construction of a 500-seater premium bleacher, designed to provide comfort, safety, and an elevated viewing experience for carnival enthusiasts.

Speaking on the sponsorship, the Acting Group Head Marketing and Corporate Communications, FirstBank, Olayinka Ijabiyi, noted that the carnival aligns with the Bank’s First@Arts initiative, a platform dedicated to supporting the creative arts value chain across Nigeria. He said, “We recognise the transformative power of the arts, including carnivals, in inspiring people and strengthening national unity. For more than 131 years, we have supported platforms that promote self-expression, social reflection, and cultural exchange. Our investment in the Carnival Calabar & Festival demonstrates our commitment to preserving the nation’s rich cultural heritage through First@Arts.”

“As part of our sponsorship this year, we are introducing the first-ever private 500-seater premium bleacher to further elevate the carnival experience. This exclusive seating is designed to provide exceptional comfort and an unforgettable viewing experience for attendees,” Ijabiyi added.

The Chairman of the Cross River State Carnival Calabar Commission, Gabe Onah, also commented on FirstBank’s sponsorship. “FirstBank’s involvement is a strong demonstration of private-sector support for culture and tourism. This partnership not only enhances the overall quality of the carnival but also strengthens its global appeal,” he said.

The Carnival Calabar & Festival 2025 is officially marketed by Okhma Global Limited, the appointed Official Marketer responsible for brand partnerships, promotional engagements, and ticket sales. Okhma Global Limited has partnered with the Cross River State government in delivering Carnival Calabar & Festival for over ten years, playing a key role in strengthening the carnival’s commercial growth and global visibility.

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BIG STORY

Airstrikes Show Nigeria, US Resolve To Counter Terrorism — Defence HQ

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The Armed Forces of Nigeria has said the recent airstrikes in the North West demonstrate the Federal Government’s unwavering resolve to confront terrorism, carried out in collaboration with the United States.

The Director of Defence Information, Maj.-Gen. Samaila Uba, disclosed this in a statement issued on Friday in Abuja, saying the operation followed credible intelligence and was aimed at degrading the operational capabilities of the terrorists while minimising collateral damage.

According to him, the strikes were conducted with the approval of appropriate authorities as part of sustained efforts to rid the country of terrorists and other criminal elements threatening national security.

“The Armed Forces of Nigeria, in conjunction with the United States of America, has successfully conducted precision strike operations against identified foreign ISIS-linked elements operating in parts of North West Nigeria,” Uba said.

He added, “The strikes followed credible intelligence and careful operational planning aimed at degrading the operational capabilities of the terrorists while minimising collateral damage.”

Uba said the operation underscored the resolve of the Federal Government, working with strategic international partners, to confront transnational terrorism and prevent foreign fighters from establishing or expanding footholds within Nigeria.

“This action clearly demonstrates the unwavering resolve of the Federal Government of Nigeria, in collaboration with strategic international partners, to confront transnational terrorism and prevent foreign fighters from gaining any foothold within our borders,” he said.

The defence spokesman reaffirmed the commitment of the Armed Forces to the protection of lives and property across the country.

“The Armed Forces of Nigeria remains fully committed to protecting the lives and property of Nigerians and will continue to support joint, inter-agency and international efforts aimed at restoring lasting peace and security across the country,” Uba said.

Earlier on Friday, the Ministry of Foreign Affairs confirmed that Nigeria remains engaged in structured security and intelligence cooperation with international partners, including the United States, in addressing terrorism and violent extremism.

In a statement signed by the ministry’s spokesperson, Kimiebi Imomotimi Ebienfa, the ministry said the collaboration involves intelligence sharing, strategic coordination, and other forms of support in line with international law, mutual respect for sovereignty, and shared security commitments.

The ministry stressed that Nigeria’s counter-terrorism efforts are guided by the need to protect civilian lives, safeguard national unity, and uphold the rights of all citizens, irrespective of faith or ethnicity, adding that terrorist violence against any religious or ethnic group remains an affront to Nigeria’s values and international peace.

The Foreign Affairs Ministry’s statement followed comments by United States President Donald Trump, who said on Thursday that U.S. forces had carried out deadly strikes against Islamic State terrorists in Northwestern Nigeria.

In a separate social media post, United States Defence Secretary Pete Hegseth said Washington acted with the cooperation of the Nigerian government, expressing gratitude for Nigeria’s support during the operation.

The airstrikes came a day after a bomb attack on a mosque in Maiduguri, Borno State, which killed five people and injured dozens in what authorities suspect was a suicide bombing, highlighting ongoing security challenges in parts of the country.

 

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BIG STORY

KWAM1 Loses Bid To Block Awujale Selection Process

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The Ogun State High Court, sitting in Ijebu-Ode, on Monday refused to grant an interim injunction aimed at restraining Governor Dapo Abiodun and five others from proceeding with the selection and installation of the next Awujale of Ijebuland.

Ayinde, represented in court by Wahab Shittu (SAN), had sought the injunction pending the hearing of his substantive suit challenging the selection process.

But Justice A. A. Omoniyi dismissed the application, holding that the interim injunction lacked merit and that there were no strong grounds to justify its grant.

He subsequently ordered the expedited hearing of the substantive matter, fixing 14 January 2026 for proceedings.

KWAM1 had declared his interest in the vacant Awujale stool, claiming lineage from the Jadiara Royal House of the wider Fusengbuwa Ruling House.

However, the Fusengbuwa ruling house rejected his claim, stating that he is not from the royal house.

To challenge what he perceived as injustice, Ayinde filed a suit against the Fusengbuwa ruling house, Governor Abiodun, the Chairman of Ijebu-Ode Local Government, Dare Alebiosu, and three others.

The other respondents include the Commissioner for Local Government and Chieftaincy Affairs, Ganiyu Hamzat; Secretary of Ijebu-Ode Local Government, Oke Adebanjo; and the Chairman of the Awujale Interregnum Administrative Council, Dr Olorogun Sunny Kuku.

The suit, HC3/238/2025, was filed ex parte, citing Order 38 Rules 4 and Order 39 Rule 1 of the High Court of Ogun State (Civil Procedure) Rules 2024, Section 36 of the 1999 Constitution, and the court’s inherent jurisdiction

A copy of the court document dated 16 December 2025 was obtained by our correspondent.

Ayinde urged the court to restrain all respondents from further action on the Awujale selection process to protect his interest and preserve the res from being dissipated or interfered with.

He prayed the court to restrain the respondents, “their agents, or anyone acting on their behalf, from taking any steps in the installation process of the next Awujale of Ijebuland pending the hearing and determination of the substantive suit.”

The musician said he is an aspirant to the Awujale stool, “and the injunction is necessary to secure his interest and preserve the res from being dissipated or interfered with by the respondents.”

With the interim injunction denied, attention now turns to the substantive hearing scheduled for 14 January 2026, which will determine the fate of KWAM1’s claim to the Awujale stool.

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