₦airaland Forum

N800m Stolen at THISDAY
•7 arrested, 2 on the run
05.19.2010

THISDAY Newspapers has lost over N800 million to fraudsters in the employ of the company.
The fraud was perpetrated through the collaboration of Accounting, Audit and Circulation sales staff over the last one year.

The police have arrested seven of the suspects, while two of the ringleaders – Messrs Dirisu Andrew Eshorame from Okpella in Edo State and Sola Popoola from Okemesi in Ekiti State - are at large.

Dirisu was the newspaper’s Kakawa, Lagos Island, Sales Representative, while Popoola was its Sales Auditor at the Account Department.
The fraud was carefully carried out by the suspects who had been stealing the organisation’s newspaper sales proceeds using fake bank tellers.

In a petition to the Divisional Police Officer (DPO), Apapa Police Station, Apapa, Lagos, the organisation’s Managing Director, Mr. Eniola Bello, said: “On Wednesday April 28, 2010 a routine check of the account where our newspaper sales are deposited in GTBank showed some discrepancy in what was sold and what was actually paid in from our Kakawa sales point.”

Bello explained that on getting a query about the discrepancy in the payment, Dirisu quickly paid N1 million two days after he should have deposited the money into the account.
Also, Dirisu, Popoola and others paid another N10.8 million, triggering suspicion by senior management.

The suspicion led to investigation which uncovered massive fraud, showing that they had been stealing between N10 - N20 million per week by using fake bank tellers.
Furthermore, it was discovered that in Lagos Island alone, N175 million has been stolen from Kakawa sales point since January this year.

Bello therefore requested the police to assist the newspaper in apprehending Popoola, whose last known address was 9 Idowu Williams Street, Off Toyin Bus Stop, Agbado Road Iju Ishaga, Lagos.
In addition, the paper’s MD asked the police to apprehend Dirisu whose last known address was 30 Ogunbowale Street, Ilasamaja Lagos.

Bello added that THISDAY believes that both Popoola and Dirisu are in a good position to name others involved in the fraud.
The MD also called on members of the public who have information about the suspects to furnish the police with same.
Meanwhile, up to seven accounting and sales staff have been arrested and are currently facing questions.

^^^
he just laid the foundation for an ultra modern beaching cream manufacturing plant in Molete.

Bimbo Akintola
Basetsana kumalo

If i catch any of una, hmmmmmmmmmm

Akala don suffer for una hand.

This year fair get as e be.
They were still calling for last minute applications yesterday, 10 days to the fair.
abi na only P & G dey come?

This is a complicated story.
The painful truth is that newspaper publishing is almostnot a profitable venture in Nigeria.
Most are set up for political gains (the Nation, Independent, daily trust etc) with no interest in profitability,the few that are able to break even have ben in existent for over 3 decades (Punch, Guardian and Vanguard) then you have the likes of likes of Newswatch, Tell and The News that are barely able to survive and have diversified into allied services despite the unsuitability of such services in view of the fact your unbias is compromised in the process.Finally you have Thisday, a company that is obviously not profitable by any stretch of the imagination but whose true operations are unknown to outsiders.

In the light of this, it is difficult to understand how Olojede (an inteligent man) could pursue a newspaper venture with limited bank loans.In the school of good money/bad money theory, this is a classic case of bad money.loans require instant growth and almost instant profitability.
growth and profitability in newspaper business takes a longtime and even longer time in Nigeria,where ''free readers association" hold sway.
newspaper publication is a cartel.Not just in Nigeria, as Nduka Obiagbena found out when he tried to pull his razzmatazz in South Africa.it takes more than a quality print and good writers.You have to be accepted in the brotherhood of the beloved, else you are screwed.
You do not even need Ibori and Turai to do the screwing.Of course it gets worse if they join the party.
Another curious point is this idea of positioning a daily newspaper as a premium product by targetting upscale resuturants,shops and hotels.When the same elite read it online for free.That was a strategy doomed to fail.

Instead of bank loans, private equity and venture capital was a more stable route for financing for a project like this.

I hope the paper makes it, especially now they have started my favourite column.

Is it any wonder - KEANE

Just remembered another favourite of mine in those days;
CAN I KICK IT by Tribe called Quest.

Can i kick it? Yes you can.
those were the days.
lyrics you could relate to.
lyrics that made sense, told a story and amused you.

I am not a hip hop head hence i am a bit selective of rap songs i listen to (but i listen to every bit og naija hip hop o).
One of the best rap songs i ever heard was MY MIND IS PLAYING TRICKS ON ME - GHETTO BOYS.
spent nights learning the lyrics barely weeks after it came out and sang along on my walkman with it on auto repeat.
Still get goose bumps now hearing that song.
They don't do them as well again.
computer effects is ruining music.

As much as i think most parties to this issue are suffering from joblessness (rugged and Toni),i find the situation ridiculous.
How come Toni knew of the song before its release and even considered it one of her favourites?
She never asked about the meaning of the song?
9ice never told her who was being referred to?
Or are they just playing a silly game with the gullible public?

As for Rugged, he should go and hide his head in shame.
He is a hugely talented guy and should be working his ass off in the studio and in concerts.
Yet he spends more time on facebook exchanging insults with cybercafe attendants.
He seriously needs to get a life.
is he so thin skinned?
Na 2day we begin hear rumours?
If he had half the rumours that were circulated about RMD, he would have committed sucide by now.
There was a constant diet of RMD rumours in the late 80s and early 90s.
Yet dude kept working on his craft.
after a while, rumour monger moved on.
Some were true,some were lies but who cares.
If Rugged man did not do it,someone else did it.
i bet you there is nothing exceptional about the person.
As for 9ice,he always came across as unnecessarily humble and i was always suspected it was fake.Now i know.
If a song is causing so much buzz, why not just address the matter and move on.
If it is fiction, just tell tell them it is fiction.
As for Toni Payne (fine name, ugly face), just be careful where you put your mouth next time.
People who attempt to use facebok for serious issues are actualy unserious people.

Sefago, you too??
Kindly delete that post.
It is moronic and while i may not know you in person, i doubt you are slowpoke.
There are enough of them already on this forum with such silly intents.

No i am not.

How is the light situation in your area?

^^^^
If you loved ColdPlay then check out KEANE.
preferably their first two albums; Under the Iron Sea and Hopes and Fears

Me i just tire for this rain.for the last 20hrs, na so so rain.
everywhere just wet.

Rugged let me down,big time.
To believe i was a fan of his.

Not yet.
Bacchus ke?Seemed dry when i checked it out a while back.
Where is Planet 44?

I have never understood why religious and ethnic conflicts prosper on this forum?
I find it childish,simplisitc and sickening.
I am wondering why this thread is still running?
Babzilla made an apt observation on page 4 of this thread that renders the argument on which this thread is founded baseless and irrelevant.
I have never placed any undue attachment to my ethnic background.It rarely crosses my mind in dealing with fellow Nigerians.
I am more interested in culture and tradition of Nigerian (and by extension African) tribes.
That is a more fruitful debate than all these ethnic jingoism.
The very essence of our culture as a people is being swallowed by the vile of western culture and the cancer of corruption.Instead of addressing that, people come here to be arguing crap about Biafra, Oduduwa and Usman Dan Fodio.
guys and gals, get a life!!!

From Africa.

Friday, where art thou??
I need to party.
Been a long while.

Sucking is the bone of contention between 9ice and Rugged.

If i carry last, norrin do me.

Screensaver (remix) - Whizboy and J. Martin

Na so e dey start o!

Very soon puff puff go turn to buns.
I would have been surprised if this guy was any different from the usual greedy bunch.
Meanwhile his goodwill is dwindling and he is still pancing around.

Nothing heavy, these two are my favourite.

KEANE
U2.

In my view, a live performance of Keane is one of the best piece of music you can ever find.simply breathless.

Kai, Rugged you fall my hand big time!!!
See the girl wey you dey struggle for.
Dem do you jazz?
As girls full lagos so?
kai, you need to go village.the person wey do you this kin thing, e no go beta for am.

http://www.thisdayonline.com/nview.php?id=173394

Segun Adeniyi can keep his memoirs where the sun does not shine.
Who will believe him?
When he was meant to say the truth, he dithered and chaperoned the reign of lies,deceit and rumours.
Now he comes to talk of writing memoirs.These guys seem to be high on some cheap stuff.

MET, please don't hand him to EFCC o!
try him and if guilty jail him there.
we can even get the charges against him here to be quashed.
afterall, that is what will happen.
Just freeze his assets and jail him there if he is guilty.
Ibori if you get to jail in the UK please don't bend down to collect soap o!
It is dangerous to the backside o!
a word is enough for the wise (thief).

^^^^^^^^^^
I do not have the right words for you.
I leave you in the hands of Sagamite.
May he do justice to you.
To believe i spend a 80 seconds of my life reading through that post.
80 seconds that are gone for ever.
What a waste.

So according to your line of argumet, until all the people you mentioned are caught we should leave Ibori alone?
kai na wa!!!!!!!!