Emerging reports indicate that Nollywood actor, Yul Edochie has lost his first son, Kambilichukwu Edochie.

It was gathered that Yul’s first son was rushed to the hospital after falling unconscious.

A source who spoke to Vanguard on condition of anonymity revealed that Yul has confirmed Kambilichukwu’s death at the time this report was filed.

May’s sister who was at the scene said the boy read throughout the night preparing for his exam today. After his exam in school, he joined his mates to play football and that’s when he developed a seizure and was rushed to Mother and Child Hospital. All efforts by the doctors to resuscitate him proved abortive, the report added.

This is coming two months after Yul Edochie and his first wife May, celebrated their first son and second child as he turned 16; showering encomiums and blessings on him.

“My first son just turned 16. Happy birthday to you Kambi Leo Yul-Edochie. Many more great years I wish you with loads of accomplishments and greatness. May God be with you always. Daddy loves you,” his father wrote on Instagram

Yul, the last child of veteran actor, Pete Edochie, married his wife, Mary, at 22 after they both dated for six years. He followed in his father’s footsteps and debuted in the movie industry a year after his marriage.

Nyesom Wike, governor of Rivers, says he is leaving office as a “fulfilled” public servant.

Speaking on Wednesday at the inauguration of the Rumuigbo internal road network in the Obio-Akpor LGA of the state, Wike said he is not afraid of being investigated by the Economic Financial Crimes Commission (EFCC) after leaving office on May 29.

Wike said he won’t run away from the state to evade any probe by the anti-graft agency, adding that his administration has done several projects to justify how public funds were spent.

“I’m happy that I am leaving office fulfilled. I’m leaving office with my shoulders high. I am leaving office very well,” Wike said.

“I’m not leaving office to run away so that EFCC would not come (to probe me). I’m leaving office and I will stay here (Rivers). I am not going anywhere.”

Wike asked Siminialayi Fubara, the governor-elect, to show EFCC the projects completed by his administration if the commission visits the state.

Wike’s comment comes days after Abdulrasheed Bawa, chairman of the EFCC, reportedly said the commission will go after some outgoing governors and other public officials after May 29.

Transnational Corporation Plc (Transcorp) has released its financial results for the full year ended December 31, 2022, demonstrating significant improvements in its major income lines. The conglomerate with investments in the Hospitality, Power, and Oil & Gas sectors, recorded growth in its profit before tax, which rose by 8% to N30.3 billion compared to N27.9 billion in December 2021.

The conglomerate saw a 7% increase in its Power investments, despite the challenges faced in the year from the issues with gas supply, off the diminished Oil & Gas production in the country in 2022. The hospitality sector showed a very strong performance, achieving a record revenue of 31.4 billion and profit before tax of N4.5billion. These achievements have been made within a challenging operating environment characterized by foreign exchange volatility, high cost of production and rising inflation.

It’s worth noting that the Group’s total revenue and operating profit also experienced significant growth, rising by 21% from N111.2 billion in December 2021 to N134.7 billion in the period under review, and from N38.5 billion in December 2021 to N46.7 billion in December 2022, respectively. Operating expenses for the year ended December 2022 stood at N23.4 billion, representing an increase of 24% compared to N18.8 billion recorded in the same period of 2021.

The results showed that total assets increased by 6% from N416 billion in December 2021 to N442.7 billion in December 2022, primarily due to additional investment in the recovery of the power plants and investment in financial assets. Shareholders’ Funds rose to N154.8 billion, representing a 6% year-on-year increase from N146.3 billion recorded in the same period of 2021.

Commenting on the results, the President/Group Chief Executive Officer, Dr. (Mrs.) Owen Omogiafo attributed the success of the results to the robustness of the company’s business model, which remains prudent and nimble across its operations. She said “As we reflect on our achievements, we take pride in the improved performance of our Group. Looking to the future, we will continue to focus on efficiency and cost optimisation, ensuring that we remain agile and responsive to the market while delivering value to our stakeholders.”

Transcorp remains committed to its transformation agenda whilst sustaining growth and a continuous drive to deliver long-term value to its shareholders.

About Transnational Corporation Plc

Transnational Corporation Plc (Transcorp Group) is a publicly quoted Conglomerate, with a shareholder base of approximately 300,000. Our portfolio comprises strategic investments in the power, hospitality, and oil and gas sectors. Our businesses include Transcorp Hilton Abuja, Transcorp Hotels Calabar, Transcorp Power, Transafam Power, and Transcorp Energy.

Visit www.transcorpgroup.com for more.