Month: September 2022

Queen Elizabeth II To Be Buried In Decades-Old Coffin

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The coffin of Queen Elizabeth II, the United Kingdom’s longest-reigning monarch, is made of English oak, lined with lead and it was built decades ago, according to British media reports on Monday. The coffin is made of oak from the Royal Family’s Sandringham Estate according to royal tradition, the Sky News reported. According to the Telegraph, it was originally built by the specialist firm Henry Smith over three decades ago. The records of the exact date that the casket was made were lost when Henry Smith was taken over by another firm in 2005. Since its manufacture, it has been in storage under the care of…

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German Customs Seize, Destroy Snails, Rotting Meat From Nigeria

JUSTINA EMMANUEL OKPARA

German customs officials say a trail of slime led them to a stash of almost 100 giant African land snails and other items hidden inside bags at Duesseldorf Airport this month. In a statement Friday, authorities said officials stumbled over one of the snails on a baggage truck and initially thought it was a toy until it started moving. By following the trail left by the 20-centimeter (8-inch) snail, they found a bag with a hole, with another snail already peeping out of it — possibly preparing a dash for…

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Report Ranks Lagos Fourth In Africa’s Dollar Millionaires

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A report by research firm, New World Wealth and Henley & Partners, has ranked Nigeria’s commercial capital, Lagos, fourth in terms of the number of dollar millionaires in Africa. The latest Henley Global Citizens Report, which tracks private wealth migration trends worldwide, shows Lagos has 6,300 High Net Worth Individuals (HNWI) with at least $1 million. The report shows South Africa’s business hub Johannesburg has 15, 200 dollar millionaires – the most in Africa – followed by Egypt’s capital Cairo, which has 7,800 HNWIs. Another South African city, Cape Town,…

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FBNInsurance Names Tunde Mimiko New MD/CEO

Gedion Myek

FBNInsurance Limited has announced the appointment of Mr. Tunde Mimiko as its new Managing Director/Chief Executive Officer, following the retirement of Mr. Val Ojumah. A statement released by the company described Mimiko as a seasoned insurance professional with over 23 years’ experience in life and general insurance, spanning sales and marketing, business development, strategy, vision & mission planning, technical operations, product development & management. The statement added that he was a transformational leader who has actively participated in the transition projects of the various companies where he served, including the…

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ASUU: UNIBEN Staff Hangs Self Due To Alleged Financial Constraints

JUSTINA EMMANUEL OKPARA

A member staff of the University of Benin, Prince Carter Oshodin, committed suicide on Friday over his dire financial situation. Oshodin, who had not been paid his salary for months due to the strike action embarked by university unions, was a data entry personnel at the university. It was gathered that the Non-Academic Staff Union which the deceased belonged to has called off its strike recently, but the members had yet to be paid their salaries. Oshodin’s Facebook confirmed his job description at UNIBEN. A professor in the University, who…

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JUST IN: PDP Crisis Claims First Victim, As BoT Chair Resigns

JUSTINA EMMANUEL OKPARA

The crisis in the Peoples Democratic Party (PDP) has claimed its first victim with the resignation of Senator Walid Jibrin as Chairman of the party’s Board of Trustees (BoT) Senator Jibrin announced his resignation at the beginning of the BoT meeting at the party’s secretariat on Thursday. The BoT Chairman has earlier called for the restructuring of the party’s leadership positions, and condemned the idea of the North occupying the National Chairmanship position, the BoT Chairmanship as well as holding the presidential ticket for next year’s election. Details later…

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MTN Nigeria Announces Issuance Of $54.2m Commercial Paper

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MTN Nigeria Communications Plc has announced a proposed issuance of N23 billion ($54.2 million) in the Nigerian capital market. A disclosure by the telco, seen by newsfieldglobal, said the Series 3 commercial notes are part of MTN Nigeria N150 billion ($353.7 million) commercial issuance programme. The disclosure by MTN Nigeria did not say when exactly the notes would be issued or their tenor. But it did mention that funds realised from the proposed issuance would go towards bolstering working capital. “The issuance is part of the company’s strategy to diversify…

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Two Homeless Fulanis Arrested With Pistol

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Operatives of the Rivers State Police Command have arrested two suspects of Fulani extraction, Isah Mohammed, 20, and Inuwa Ibrahim 20, both of no fixed addresses, who fled on sighting the Police around PAMO University of Medicine in Oyigbo LGA. According to the Commissioner of Police, Friday Eboka, “upon search, one locally made revolver pistol was recovered from them.  “Also recovered was a Toyota Corolla saloon car with registration No. Bayelsa, NEM 881 GK, where it was abandoned by hoodlums who fled on sighting the team. “Investigation is ongoing with…

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Court Freezes Another Sh400.6m Belonging To Flutterwave

JUSTINA EMMANUEL OKPARA

The High Court of Kenya has allowed the freezing of a further Sh400.6 million belonging to Nigerian fintech startup Flutterwave after the Assets Recovery Agency (ARA) linked the money to card fraud and money laundering. For the good part of this year, Flutterwave has been in constant contest with Kenyan authorities over money held in different banks alleged to have been obtained illegally. This is the second time the company in less than six months that the company’s accounts have been frozen on grounds of fraud and money laundering. In…

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