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Phones / The Xiaomi Redmi Note 8 Pro Receives A New MIUI 12 Update by GistsBaze1: 1:30pm On Aug 24, 2020
A new MIUI 12 update has reached the Xiaomi Redmi Note 8 Pro. The update should be an encouraging sign for the handsets that remain on MIUI 11, like those on the European and Russian branches of MIUI.

Xiaomi is continuing the MIUI 12 rollout for the Redmi Note 8 Pro. Earlier this month, MIUI 12 reached the Redmi Note 8 Pro on the global and Indonesian branches of MIUI with V12.0.2.0.QGGMIXM and V12.0.1.0.QGGIDXM, respectively. Xiaomi has not rolled out its latest OS upgrade to all Redmi Note 8 Pro handsets yet, though. The Chinese company has been testing some builds on the Mi Pilot program, for example, along with the likes of the Pocophone F1.

Now, Xiaomi has begun issuing a new Beta Stable update to select Redmi Note 8 Pro handsets. According to a Mi Community post, the new update is only available for devices that have been enrolled on the Indian branch of MIUI. However, the release of a new MIUI 12 update, albeit a Beta Stable one, is encouraging for Redmi Note 8 Pro models on other branches of MIUI. Currently, the European and Russian versions of the Redmi Note 8 Pro are yet to be upgraded to MIUI 12.

Previously, Xiaomi had tested V12.0.0.3.QGGINXM on the Redmi Note 8 Pro. That update was rolled back, but now the company has moved onto V12.0.1.0.QGGINXM. If you would like to try V12.0.1.0.QGGINXM before MIUI 12 reaches your Redmi Note 8 Pro you can download the Recovery or Fastboot ROMs via the links below.
Redmi Note 8 Pro: V12.0.1.0.QGGINXM - Recovery ROM / Fastboot ROM
https://gistsbaze.com/the-xiaomi-redmi-note-8-pro-receives-a-new-miui-12-update/

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Romance / Did I Beat That P**sy Up? – Kiddwaya Asks Erica As They Mock Tolanibaj (video) by GistsBaze1: 1:08pm On Aug 24, 2020
Tolanibaj who saw Erica and Kiddwaya in an unusual position doing their own thing under the duvet in the HOH lounge decided to get a new duvet to the HOH room.

According to her, she doesn’t trust the one there, after seeing those two in an unusual position and Erica and Kiddwaya decided to mock her with that saying she’s scared.

Kiddwaya who wanted to prove he did nothing asked Erica whether he beat her p**sy last night adding she’s a bad girl and that she should have told Tolanibaj that nothing happened between them.

See the video below
https://gistsbaze.com/bbnaija-did-i-beat-that-psy-up-kiddwaya-asks-erica-as-they-mock-tolanibaj-video/

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Romance / Re: Lady Rushed To The Hospital After Engaging In Anal Sex With A Guy (video) by GistsBaze1: 11:06am On Aug 24, 2020

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Romance / Lady Rushed To The Hospital After Engaging In Anal Sex With A Guy (video) by GistsBaze1: 11:06am On Aug 24, 2020
A lady who collapsed at her home has been rushed to the hospital by her neighbours after experiencing pain in her butt.

According to reports, she started experiencing the pains after engaging in anal s*x with a wrong guy.

In a video shared online, she was seen writhing in pain as her neighbours lifts her out of her house.
Watch the video below
https://gistsbaze.com/lady-rushed-to-the-hospital-after-engaging-in-anal-sx-video/

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Romance / Man Narrates How His Mother Reacted When He Told Her He's Gay by GistsBaze1: 3:04pm On Aug 23, 2020
A Nigerian man has narrated his mother's reaction after he came out as gay to her.

He said he couldn't accept himself for years, so he knew it would be hard for his mother to accept. However, when he opened up to her, she told him she has always known. She also told him that nothing will ever make her hate him.

Read the rest of his narration below.
https://gistsbaze.com/man-narrates-how-his-mother-reacted-when-he-told-her-hes-gay/

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Crime / Woman Thrown Inside A Well By A Kidnapper, Rescued Alive After 3 Days (videos) by GistsBaze1: 12:39pm On Aug 22, 2020
A Nigerian woman, identified as Mrs. Chizoba Eke, has been rescued alive after spending three days in a well in Igwuruta, Ikwerre area of Rivers State.

According to reports, the mother was thrown into the well by a suspected kidnapper, who also abducted her child and left her for dead.

A source said she was rescued after military personnel arrested the suspected kidnapper on his way to an unknown location with the child.

“He told them where the woman was, thinking she was dead, but on getting there, they discovered that she was still alive,” the source added.
Watch the video below
https://gistsbaze.com/woman-thrown-inside-a-well-by-a-kidnapper-rescued-alive-after-3-days-videos/

Crime / Church Members Beat The ‘devil’ With Sticks (video) by GistsBaze1: 6:55am On Aug 22, 2020
In an undated video that has surfaced online and gone viral some members of a church can be seen beating the “devil and his demons” with sticks.

In the 30-second footage, the small crowd can be seen gathered in an open space profusely hitting the ground with sticks as a man standing in the centre can be heard urging them to beat harder.

While the location or the name of the church remained unknown, it is believed that they are beating the devil and his cohorts for the “calamity they have brought upon the world.” watch the video below
https://gistsbaze.com/church-members-beat-the-devil-with-sticks-video/

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Romance / Gospel Musician Caught On Camera Being ‘chopped’ By A Fetish Priest (video) by GistsBaze1: 6:38am On Aug 22, 2020
A video of Ghanaian gospel Musician, Ohemaa Jacky being smooched in a hotel room by a fetish priest she approached to seek for help has surfaced on social media.

In the video, Ohemaa Jacky after rounds of sex with the popular Ghanaian fetish priest, Nana Show Boy was allegedly being fingered right in front of her friends at the hotel.

Ohemaa Jacky was at the hotel with her own best friend, Tracey Boakye who has now leaked the videos on social media.

According to Tracey Boakye, Ohemaa Jacky met Nana Showboy at the hotel after she called him on phone requesting help to be a big star in Ghana as a gospel musician.

This was when the fetish priest decided to have his way with her and after than smooched her in right in front of her friends.
Watch the video below
https://gistsbaze.com/gospel-musician-caught-on-camera-being-chopped-by-a-fetish-priest-video-hit-online/

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Celebrities / Throwback Video Of Lucy Trying To Return The Dollars She Found In A 2nd Hand Bag by GistsBaze1: 6:58pm On Aug 19, 2020
Last year, April precisely, a lady went viral on social media after she narrated how she found “US Dollars” in a bag she bought, and was willing to return it.

She tried so hard to find the original owner of the bag in order to return the money.

Recently, it was discovered that the lady is Lucy Edet, one of the housemates in this year’s edition of the Big Brother Naija reality TV show.

Read below,

This is the Lucy that they don’t want you to remember

A young hardworking lady who found US dollars in a bag that she bought & tried to trace the owner in April last year

GUESS WHAT? when she couldn’t find the owner she gave it to someone else who needed the money more than she did. No she wasn’t rich, she was just honest & empathic

How many Nigerians will do that? Can you now understand why she is unapologetically sincere in that house?
https://gistsbaze.com/throwback-video-of-lucy-trying-to-return-the-us-dollars-she-found-in-a-2nd-hand-bag-in-2019/

Romance / Rape Suspect Caught On CCTV In Delta After Denying The Act by GistsBaze1: 6:19pm On Aug 19, 2020
A man who denied raping an 11-year-old girl and threatened to arrest her and her family members was exposed by CCTV footage.

The 30-year-old man allegedly assaulted the 11-year-old girl last Wednesday, August 13, when she went to use a convenience room. She emerged minutes later crying and saying she had been abused by the suspect.

However, the suspect, simply identified as Jomaph, denied it and threatened to take legal steps.

But a CCTV camera installed by a neighbour for business reportedly exposed him in the act, The Nation reports.

Police spokeswoman Onome Onowakpoyeya confirmed the incident on Tuesday August 18, noting that she was yet to get an official report on the incident.

“The incident happened,” she said, adding, “They said, initially, the man denied, until they brought the CCTV footage and he owned up.”
https://gistsbaze.com/rape-suspect-caught-on-cctv-in-delta-after-denying-the-act-and-threatening-to-sue-his-victim-and-her-family/
Romance / I Am Sleeping With My Cousin Brother And Am Having Feelings For Him Now by GistsBaze1: 6:00pm On Aug 19, 2020
Nigerian girl (name withheld) narrates how she use to have sex with her cousin brother and now having feelings for him.

Narrating the story to a relationship blogger, Joro, the girl explained that she lives together with her cousin brother, after they had sex, she began to have serious feelings for him.

speaking further, the girl pleaded for advise from the general public as she wants to get ride of this forbidden sin.

she wrote: “I am sleeping with my cousin and having feelings for him now.”

“I stay with my aunty, oneday my aunty wasn’t around and my cousin came to my room, one thing led to another and we had sex, now am having feelings for him now.”

“He told me he was having feelings for me or needed me for sex.”

“Lately, when i tried to touch him, he tells me to leave him alone.
Please how can i get over this forbidden sin?”

“we live together. i am confused. I have feelings for my cousin. How do i move on?
I will be reading comments. We are in our early twenties.”
https://gistsbaze.com/i-am-sleeping-with-my-cousin-brother-and-am-having-feelings-for-him-now-nigerian-girl/
Romance / I Beat My Husband Because He Orders Me Around, I Hate Nonsense by GistsBaze1: 12:11pm On Aug 19, 2020
A Nigerian woman identified as Damilola Osilulu, has said they she beats her husband because he orders her around on how she should live her life, adding that she can’t take his nonsense.

Testifying before Chief Henry Agbaje, the President of the court, Damilola countered her husband’s accusation, claiming that her husband complains a lot and also makes senseless demands from her.

She said: “Sometimes, Akinkunmi orders me to do senseless things and I don’t obey him. However, if I see wisdom in his demands, I try as much as possible to come down to his level.

“If I can’t take his nonsense, I hit him straight away because Akinkunmi feels he is the husband, and that he is also lord over me,” she said.

Akinkunmi, The Husband said he filed the divorce suit to bring an end to his wife’s domination over his affairs.

He said: “My lord, Damilola does not want me to have a say in the house as she challenges my authority. If I ask her to do anything, she questions my authority and violently attacks me.

“This is to the extent that people keep coming to our matrimonial home for settlement of rift every now and then. Only God knows what would have happened if I had reacted to her frequent attacks against me. Enough of Damilola’s nagging; I cannot continue to stand her disrespect. Besides, she doesn’t take proper care of our three-year-old child” Akinkunmi added.

In ruling, Agbaje prevailed on the couple to exercise more patience. He advised relatives of both parties to do the needful by settling the matter. Agbaje then adjourned the case until Aug. 31 for judgment.
https://gistsbaze.com/i-beat-my-husband-because-he-orders-me-around-i-hate-nonsense-nigerian-woman/
Romance / Re: May God Punish My Mother, I Just Found Out That My Late Father Is Not My Father by GistsBaze1: 9:31pm On Aug 06, 2020
lomprico:
you no get sense!
cheesy grin grin grin grin
Romance / May God Punish My Mother, I Just Found Out That My Late Father Is Not My Father by GistsBaze1: 9:09pm On Aug 06, 2020
A Nigerian man, (Name withheld) has said that he hate his mother after he found out his father is not his Biological father after the Man passed away.

According to the heartbroken man, His mother Later confessed to him who his real father is and he never met him, adding she will suffer in hell.

Narrating the story to a Relationship Counselor, He wrote:”I hate My Mother, My Mother is Olosho May she got to hell and be tortured forever Amen.”

“My Father Died last Month from Cancer, i found out that he was not my biological father. My Mother Knew and kept the secret all along, she still used to have affair with my Biological Father.”


“She confessed all this after i saw a text, I don’t even want to meet my Biological Father, He sent me Messages.”

“God will remove the darkness from my heart, I hate Everyone Now.

“DNA is a Must!! My Father loved my mother and gave her everything.
Live is hard, Pray for me.”
https://gistsbaze.com/may-god-punish-my-mother-i-just-found-out-that-my-late-father-is-not-my-biological-father-nigerian-man/

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Celebrities / All The Promises Na Fake, My Father Still Dey Drive Okada – Success Adegor by GistsBaze1: 12:24pm On Aug 06, 2020
Internet sensation, Success Adegor has revealed that all the promises made to her after her video went viral, were not fulfilled.

Success Adegor became an internet sensation after she was sent home by her class teacher, and on her way home, she furiously said some words which were captured on camera.

Her video quickly went viral with several people, including public figures, coming out and promising to change her life for the better.

However, the little girl has in a new video, debunked reports that her family became rich after the incident. According to success, all the promises were audio promises as none was fulfilled.

Watch the video below;
https://gistsbaze.com/all-the-promises-na-fake-my-father-still-dey-drive-okada-success-the-school-girl-speaks-in-new-video/

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Politics / Flashback: Vote For Me, You Won’t Regret It – Buhari Tells Nigerian by GistsBaze1: 11:57am On Aug 06, 2020
President Muhammadu Buhari during his 2019 campaign promised that he would not disappoint Nigerians if he won Saturday’s presidential poll.

He promised to consolidate his first term achievements by tackling poverty, ensuring food security and providing key infrastructure.

Buhari spoke at the APC’s presidential campaign rally in Abuja. He promised to sustain and increase the fight against insurgency, poverty and corruption. According to him, the PDP administration spent $16bn on power without providing regular power supply in the country.

He said, “When we came in, the price of crude from over $100, went down to $37 and $38, and then the militants were unleashed on this administration but we have all now overcome those difficulties.” The President explained that his government had fulfilled the campaign promises it made in 2015.

“Everybody knows where the country was before we came in May 2015 and where we are now and what we have been able to do with the resources available to us.” He added
https://gistsbaze.com/flashback-vote-for-me-you-wont-regret-it-buhari-tells-nigerian/

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Celebrities / #bbnaija: “I Saw Sperm Stain In The House” – Nengi Reveals by GistsBaze1: 11:24am On Aug 06, 2020
Big Brother Naija housemate, Rebecca Nengi Hampson has surprisingly revealed that she has been seeing cum (sperm) stain in the house.

The curvaceous controversial housemate revealed this while she was having a conversation last night with Prince, Kiddwaya and Kaisha – the housemates were talking about getting pregnant in Big Brother’s house and how it will be handled.

In course of the conversation, Nengi asked that if a couple have unprotected sex, can they request for morning after pills, then Kiddwaya hilariously responded that Biggie will get back to her.

Nengi then went on to say that she is asking about it because she has been seeing cum stain in the house.

“This one I am seeing cum stains, I don’t know where it’s coming from” she said.

Watch the video below,
https://gistsbaze.com/bbnaija-i-saw-sperm-stain-in-the-house-nengi-reveals/

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Celebrities / Bbnaija2020: Moment Kiddwaya Embarrassed Laycon In Front Of Erica by GistsBaze1: 9:00am On Aug 06, 2020
BBNaija 2020 lockdown housemate, Kiddwaya appears to be insecure about his love interest Erica, as he always shows up during her conversations with the male housemates, he again repeated it, by serving Erica cake, while Laycon was professing love to her.

His pettiness could be the reason Laycon has consulted Prince to teach him how to flirt because he can’t take the pain from the rejection from Erica and embarrassment from Kiddwaya anymore.

Last night, while engaging Erica in a conversation on how they could move their relationship from friends to lovers, she declined, saying she attracted to Kiddwaya.

As if that was not enough, Kiddwaya interrupted them with a plate of cake which she gladly accepted while Laycon sat in sorrow.

She seemed to have worsened the situation when she asked him;

“Does this one bother you”?

And went on to ask Laycon if he cares for some cakes, of which he declined.

Watch the video below:
https://gistsbaze.com/bbnaija-moment-kiddwaya-embarrassed-laycon-in-front-of-erica-video/

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Romance / If You Cheat On Me, I Will Fvck My Own Back – Nigerian Lady Writes by GistsBaze1: 1:35pm On Aug 05, 2020
A popular facebook user known as Nkechi Bianze has taken to the platform to reveal the unique action she’d take in the event of finding out that her man cheated on her.

Nkechi is preaching equality when it comes to infidelity and she opined that although ‘cheating’ used to be her deal breaker, that stance has changed because she’d also carry out the same act fo good measures.

Her facebook post reads ;

I used to say cheating is my deal breaker. NOT any more. I changed my mind on that one too.

I will sha Bleep my own back for good measures. This is a conditional given.

Don’t worry about STD… etc. That’s my problem. Let me worry about it. I’m sure you’ve got enough problems in your life to worry about. Leave my own problem for me.

This change of mind is still part of GROWTH.
https://gistsbaze.com/if-you-cheat-on-me-i-will-fvck-my-own-back-nigerian-lady-writes/

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Romance / I Am A Very Simple Person By Nature But No One Likes Me. Why? by GistsBaze1: 10:53am On Aug 05, 2020
Why anybody should like you. First remove such mental cobwebs from your mind. You are not a cute baby or a baby animal to be mollycoddled by all.

You say that you are a simple person. To remain a simple and unassuming person in this mad and bad world is a Herculean task. People will not allow you to lead a simple life. They not only make their life complicated and miserable but spoil others life also.

Eat well. Develop good habits. Have a sound physique. Be a voracious reader. Develop a taste for fine arts. Imbibe philosophy and spirituality. All these make you a tough guy. Then you can face the world with courage and confidence.

People then vie with one another to listen to you and also obediently follow you. If you have a compulsive craze to get admired by others, you must have some special qualities and intelligence.


World honours those who honour themselves. Don’t indulge in self-pity. Nobody is perfect in this world. Dunderheads will usually have more courage than a well-read person.

Never forget that this world is ruled by intelligent and Saatvik people who don’t indulge in much fanfare.

People with half-baked knowledge and highly Rajasik qualities will not reach the top. Even if somehow they reach the top, they cannot stay there for long. Coarseness and waywardness do not take one too far. It is civility coupled with intelligence which carries humans to Himalayan heights.
https://gistsbaze.com/i-am-a-very-simple-person-by-nature-but-no-one-likes-me-why/

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Romance / One Year After My Son’s Death, What I Discovered On His Phone Made Me Cry by GistsBaze1: 10:07am On Aug 05, 2020
A woman has been left in total shock after she discovered what was on her son’s phone after his demise.

Taking to a popular Ghanaian forum-massiveupdates.com, the lady wrote:

“My husband and I have been married for a very long time but without child.
When I finally got Pregnant and had my own child a Son we were very happy.

Because he was our only child, we make sure he lacks nothing and we provided whatever he asked for.

I returned home from work one evening and I realized Jason was not yet home at time so I sat in the chair watching my favorite program on TV While i Waite for him.

The Craziest Fights in Sports of the 2000s
After 1 hour, I got a call that Jason has been shot by unknown men and was rush to the hospital. I got to the hospital and saw my son screaming mommy please I don’t want to die. The long and short of it is that Jason did not make it alive.He died at age 17.

After a whole year of mourning my only child, I decided to go back to my normal live. I went to my son room to clean it cuz it was dusty. I saw his phone at where i kept it when his belongings were given to me at hospital. I tried to on the phone but it was off so I charged it for sometime then on it. I tried different password to unlock the phone but to no avail so decided to tried his favorite football club and then finally I was able to open it.

To my surprise I saw a WhatsApp conversation between him and a young lady, telling her how rich his parents are and if she agrees to date him, he will buy her anything she wants. What really broke my heart most was the naked Photos and videos they always sends to each other. In one video which shows Jason masturbating and in another video the girl was seen fingering herself. They even planned to go somewhere to enjoy themselves and after that he will give her whatever she wants.

I couldn’t hold back my tears cuz i never knew Jason was like that. I tot my son was an innocent boy but I was wrong after what I just discovered.
Pls what can I do to forget about what I discovered on my son’s phone?”
https://gistsbaze.com/one-year-after-my-sons-death-what-i-discovered-on-his-phone-made-me-cry-the-last-tear-in-my-eyes/

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Celebrities / I’ll Tell Nengi To Stay Away From Me If She Continues Switching Btw Me And Ozo by GistsBaze1: 8:39am On Aug 05, 2020
I’ll tell Nengi to stay away from me if she continues switching between me and Ozo – Prince (video)
Prince has threatened to tell Nengi to stay away from him for switching between him and Ozo.

The housemate who had a late night conversation with Laycon and Trickytee, said he will go on with his decision of telling Nengi to stay away from him should same act continue by next week.

Prince further disclosed that he can’t put up with such act because it doesn’t make sense.

Here is the video below;
https://gistsbaze.com/bbnaija-ill-tell-nengi-to-stay-away-from-me-if-she-continues-switching-between-me-and-ozo-prince-video/

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Celebrities / Moment Kiddwaya Almost Fell Down While Staring At Erica’s Backside (video) by GistsBaze1: 8:13am On Aug 05, 2020
Big Brother Naija housemate and billionaire son, Kiddwaya almost crashed to the ground while staring at the backside of pretty housemate, Erica.

In the video shared online, Kidd was seen coming from one direction while Erica was coming from the other direction.

As Erica walked pass Kidd, he lost himself and he couldn’t stop staring at her backside till he almost crashed to the ground.

However, he was quite lucky as fast rising singer, Laycon stepped in just in time to catch him as he was about to fall. Laycon quickly helped him get a hold of himself.

Watch the video below;
https://gistsbaze.com/moment-kiddwaya-almost-fell-down-while-staring-at-ericas-backside-video/

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Celebrities / May Your Kids End Up Been Fingered Like The Way Kidd Was Fingering Erica by GistsBaze1: 10:00am On Aug 04, 2020
“May your kids end up been fingered like the way kidd was fingering Erica” – Lady prays for those who ‘think’ #BBNaija is a good show.

A Nigerian social media influencer has berated organizers and fans of popular reality TV show, Big Brother Naija.

The lady frowned at the notion that ”#BBNaija is a good show” and she said a special prayer for everybody who is an avid follower of the show.

Her tweet reads ;

They said BBNaija is a Good show!

May your kids end up been fingered like d way kidd was #fingering Erica last night. This isn’t a curse, Since u claimed there’s nothing wrong with d show.

At least u should say Amen to this prayer, There’s nothing wrong with it #BBNaijaLocdown
https://gistsbaze.com/may-your-kids-end-up-been-fingered-like-the-way-kidd-was-fingering-erica-lady-prays-for-those-who-think-bbnaija-is-a-good-show/

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Crime / Re: King, His Cousin, A Pastor And Others Arrested For Kidnapping In Imo State by GistsBaze1: 8:14am On Aug 04, 2020

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Crime / King, His Cousin, A Pastor And Others Arrested For Kidnapping In Imo State by GistsBaze1: 8:14am On Aug 04, 2020
The Imo State police command has arrested a traditional ruler and 7 others for allegedly kidnapping a police inspector and others in Imo State.

The traditional ruler, Eze Andrew Okwuegbunwa of Uba -Agwa autonomous community in Oguta Local Government Area of Imo State, was yesterday, August 3, paraded alongside his cousin, a pastor and others for allegedly kidnapping one police inspector, Oscar Mbaeri and Louis Obodo all from same community.

Other victims of the gang, according to the State police Commissioner of Police, Isaac Akinmoyede who briefed newsmen on the development yesterday, are : Chigozirim Festus, from Egwelu Atta, Njaba, Anyanwu Amarachi and Desmond Okonkwo.

King, his cousin, a pastor and others arrested for kidnapping in Imo state (photos)
According to the CP, the gang at different locations in Owerri, successfully kidnapped their victims but they were not lucky enough to escape from the hot chase of the Anti – kidnapping Unit of the command who got a hint of their operation.

During the chase , the suspects were forced to abandon three of their victims and their operational vehicle , a Lexus RX330 SUV with registration number (Edo) URM -40 EL but escaped with two victims.

However, few months later, according to the commissioner, SARS operatives arrived the scene and recovered the abandoned vehicle.

A painstaking investigation by a combined team of the SARS and the Anti- Kidnapping Unit on July 28 later led to the arrest of the 59-year-old King, who has since confessed to be the owner of the car.

According to the CP, investigation has revealed that the monarch has constantly made available his vehicle for the gang operation.

Akinmoyede further disclosed that from investigation, it was learnt that the monarch was given N3 million from the N7. 5 million ransom collected from their victims to replace his damaged car.

When newsmen accosted the monarch to hear his own side of the report, he confessed hiring his vehicle to the gang and receipt of the money.

King, his cousin, a pastor and others arrested for kidnapping in Imo state (photos)
He said: “I don’t know that is what they use it for , but they give me money each time they return it, I have collected money from them three or four times like this.”

The police also arrested the spiritual father of the gang, pastor Caleb Agu, a 42-year-old cleric from Umuoni – Agwa. They also arrested a cousin to the monarch, Ebenezer Obioha, 38 and his pregnant wife, Ogechi Obioha a graduate of accountancy from Alvan Ikoku College of Education, Owerri believed to be their cook and banker.

King, his cousin, a pastor and others arrested for kidnapping in Imo state (photos)
Ebenezer in a recent operation was said to have killed three National Drug Law Enforcement Agency(NDLEA) officials and made away with their guns.
https://gistsbaze.com/king-his-cousin-a-pastor-and-others-arrested-for-kidnapping-in-imo-state-photos/

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Celebrities / #bbnaija: See Nengi’s Reaction After Realizing Ozo Picked Dorathy As His Deputy by GistsBaze1: 7:58am On Aug 04, 2020
[url]Big Brother Naija Housemate, Ozo emerged the Third Head of House after he completed the course in the allotted time they were given to complete the game.

As required for the new head of house, Ozo was asked to pick a deputy and he chose Dorathy.

However, his on and off love interest, Nengi, must have been expecting to be picked. She wasn’t Ozo’s choice and her reaction when the announcement was made was priceless.[/url]
https://gistsbaze.com/bbnaija-nengis-priceless-reaction-after-realizing-ozo-picked-dorathy-as-his-deputy/

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Romance / Re: My Boyfriend Slept With His Ex A Night Before Her Wedding by GistsBaze1: 6:36am On Aug 04, 2020

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Romance / My Boyfriend Slept With His Ex A Night Before Her Wedding by GistsBaze1: 6:35am On Aug 04, 2020
A trending whatsapp conversation documents the moment a distraught girl confronted her boyfriend after he slept with his ex a night before her wedding.

The girl found out about his act and she made her feelings known that she was hurt.

The boyfriend tried to justify his actions by saying the sex was meaningless and it was just ”One for the road”. He also said that he dated his ex for four years and they’d missed all the good times they had.

The lady wouldn’t have that and she said ”no man who loves his girlfriend would put himself in such a compromising situation.”

See screenshots of the conversation below ;
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Business / Why Shoprite Is “exiting” Nigeria by GistsBaze1: 5:44am On Aug 04, 2020
Africa’s largest retail chain, Shoprite, announced on Monday that it is considering divesting from its Nigerian retail entity, Retail Supermarkets Nigeria, the owners of Shoprite Supermarket Nigeria.

Shoprite Nigeria operates about 26 outlets across the country and employs about 2000 employees who are 99% Nigerians. A divestment means it will sell its holdings to another investor who will continue to run the business.

According to the company, it has taken a decision to leave “following approaches from various potential investors” looking to invest in the Nigerian entity. The group also said the decision is in line with its “re-evaluation of the Group’s operating model in Nigeria” one of the 15 countries where it currently operates.

Shoprite also confirmed it has initiated a formal process to sell its entire stake in the Nigerian entity or a majority stake.

Why the exit?
Shoprite’s explanation of its intention to divest from its Nigerian operations appears to be anchored on its investment expectation and operating environment. However, there could be more to it.

Firstly, Nigeria is a highly competitive space, where retail is the survival of the fittest. Following Shoprite’s foray into Nigeria in 2002, the retail chain disrupted Nigeria’s retail space giving ordinary Nigerians a taste of what it feels to shop with family and friends. But the fairy tale was not going to last forever. Previous retail outlets like Park n Shop rebranded and injected significant funds in their operations and business expansion. Park n Shop rebranded to Spar and has 14 outlets across the country. It only makes sense for them to divest having held on to the Nigerian operations for almost two decades.

Shoprite also competes with homegrown retail outlets especially in Nigeria’s commercial city, Lagos State. Retail outlets like Ebeano, Citydia, and Adiba are now household names that are expanding rapidly across the state. There are also several neighbourhood supermarkets in the nooks and cranny of Nigeria’s commercial capital piling pressure on Shoprite’s market share. Shoprite does not disclose revenues from its Nigerian operations.

Shopping is also going online as evidenced by the growth in online shopping since COVID-19 hit Nigeria. Jumia, one of Nigeria’s largest online retail outlets, revealed lower earnings in the first quarter of 2020. However, the company is optimistic of higher revenue growth in Q2, on the back of the COVID-19 lockdowns. Jumia had earlier noted that “we are seeing unprecedented demand to join the Jumia platform, especially for named brands. We believe those dynamics will help accelerate the shift toward online.”

Local competitors like Spar and Ebeano already offer online shopping experiences and deliver goods to your doorstep. Shoprite’s business model relies heavily on physical store visits.

As internet services become faster and cheaper, more Nigerians will rely on e-commerce to meet their shopping needs. Jumia has often struggled in this space and remains unprofitable. However, gravitation towards online shopping is inevitable and only those who have the capital and know-how will come out winners.

Jumia’s competitor in this space, Konga, was also recently acquired by Zinnox. Konga was then merged with another Nigerian retail giant Yudula. Interestingly, Konga’s model includes a combination of online and brick and mortar. The company has since been acquiring warehouses across the country as delivery points for its retail expansion drive.

Nigeria’s harsh operating environment is also another major challenge Shoprite faces. The Muhammadu Buhari-led administration, through the CBN, has focused on supporting locally made goods by banning forex availability for the importation of local substitutes. This has negatively impacted the number of products Shoprite can sell and how many new shelves it can create per floor space. It also creates supply chain challenges, especially with locally produced goods.

Note that supermarkets sell on very thin margins. Therefore, the more products they can sell the higher the operating profits. Taxes are also higher and Nigeria’s susceptibility to exchange rate devaluation is also a major challenge. The company makes money in Naira and must convert to dollars before converting back to Rands.

In 2017, when Nigeria last faced a currency crisis, Shoprite explained that it has about Rand 2.3 billion in cash locked up in Angola and Nigeria due to currency restrictions (inability to repatriate their money on time). Information reaching Nairametrics from traders suggest most foreign-owned investments in Nigeria are also facing “restrictions” due to limited liquidity in the NAFEX window.

Shoprite’s less talked challenge is its Legal Issues. In 2011, Nigerian company A.I.C Limited (the Claimant), which is owned by Chief Henry Akande, issued a summons against Shoprite South Africa and its Nigerian subsidiary for an alleged breach of a joint venture agreement (the JV Agreement) allegedly concluded in 1998. The company took Shoprite to court claiming it breached on an agreement to set up the Nigerian arm of the business.

The Federal High Court then ruled in favour of AIC and awarded damages of $10 million against Shoprite in 2017. Shoprite appealed the judgment in the appeal court and lost again earlier in 2020. It is unclear if Shoprite has any plans to take the matter up to the Supreme Court. Could this be another reason why the owners are deciding to divest?

Whatever the reason is, officially, it perhaps makes sense for the company to exit its Nigerian operations in the light of the points mentioned above. Its Nigerian entity is worth 1.1 billion Rands (N24 billion) per its financial statements and could be worth more when the sale is eventually consummated.

https://gistsbaze.com/why-shoprite-is-exiting-nigeria/

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