This is Uduak Adams. A lawyer based in Lagos state. She was falsely accused of kidnapping the son of a woman in the area where she went to look for accomodation and was almost lynched to death by an irate mob supported by the OPC. This shocking incident unfolded on Aborishade street, Surulere. Uduak endured a brutal assault during this ordeal.
She was mercilessly flogged with a Hausa koboko, struck with planks, and subjected to numerous punches and kicks.
Her accuser now in detention even called for her execution right on the spot. The gravity of the situation is further underscored by the fact that Uduak sustained severe damage all over her body.
Thankfully, she was vindicated right at the spot where she suffered this barbaric assault as the alleged kidnapped boy was found and he affirmed her innocence. But she had suffered irreparable harm as a result of this mob action. What if she had died from this?
Uduak currently needs our collective help in getting justice. She is in severe pain as a result of this barbaric incident that happened early Thursday of last week. #JusticeForUduak
in a modern moral society, it is unacceptable to have this level of barbarity from fellow citizens like us. All perpetrators in this evil must face the music.
What if she had died from that brutal assault? She could be you and me tomorrow. Please help get #JusticeForUduak.
Update: Yesterday, one of the family members of the perpetrator working in the hospital where Uduak went to receive the Xray for her skull where her head were swollen and her two ears busted switched the result of the Xray stating that they found no swelling.
This Xrays were to determine if she suffered internal bleeding. The family of the suspect are furthering their unjust attempt at silencing the victim after this grave inhumanity. We will not allow it. she is in severe pain as we speak.
Ms. Olu Verheijen, the Special Adviser to President Tinubu on Energy has unveiled groundbreaking initiatives to boost oil and gas investments. She has also secured $13 billion worth of energy investments.
In a September 22 statement sent to Nairametrics, Ms. Verheijen said she has partnered with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and concluded a series of strategic engagements with fifteen (15) leading international and independent Oil and Gas Companies operating in Nigeria.
These sessions, held in Lagos and Abuja, were carefully chosen after a detailed review process by NUPRC and the Office of the Special Adviser to the President on Energy and included Chevron, Total, Shell, NAOC, Exxon Mobil, Seplat, Heirs Holdings, Waltersmith, First E&P, among others.
Oil context
A key objective of the discussions was to advance a Presidential Initiative aimed at addressing the nation’s revenue emergency whilst contributing to stabilizing Nigeria’s economy.
According to the office of the special adviser on energy, results of these talks disclosed significant investment opportunities with an estimated $55.2 billion in investments projected by 2030, of which $13.5 billion is expected to be invested by these companies within twelve months from now.
During these consultations, participating operators shared insights into the challenges and barriers affecting their investment strategies and the swift rollout of planned projects.
Collectively, they also pinpointed the key enablers required that will ensure the delivery of 2.1 million barrels by December 2024, positioning Nigeria well ahead of President Tinubu’s campaign promise of 2.6 million barrels by 2027.
Gas context
According to Ms. Verheijen, the proposed measures are also expected to cause a 100% increase in gas production by 2027, exceeding President Bola Tinubu’s campaign pledge of 20% growth in that sector.
President Tinubu remains committed to overcoming the identified challenges, making Nigeria the top choice for energy sector investments.
With the conclusion of these consultations, it is anticipated that the $13.5 billion in short-term investment components, currently in the pipeline, will pave the way for the delivery of 2.1 million barrels per day production by December 2024, barring any unforeseen challenges.
Addressing challenges Commenting on the initiative, Mrs. Olu Verheijen, Special Adviser to the President said:
“We are faced with a revenue crisis which is impacting all Nigerians. To urgently address this, President Bola Tinubu is actively seeking ways to grow revenue and forex to stabilize our economy and currency; and the oil and gas sector remains critical to our ability to do so despite current production levels falling significantly short of our potential.
“These strategic, high-level engagements with oil and gas producers will help fast-track bold reforms that will unlock investments required to restore and grow oil and gas production in the short, medium, and long term. President Bola Tinubu is dedicated to enhancing the investment environment in Nigeria, positioning us as the preferred destination in Africa for the energy sector.”
Leaders and diplomats from around the world are having a swell time during the 78th United Nations General Assembly (UNGA), lavishing thousands of dollars on high-end prostitutes and VIP strip clubs in New York, United States.
A session of sexual romp could go as high as $5,000, sources told The New York Post.
World leaders and their envoys from 193 nations across the world convened in New York for the 78th UNGA to discuss strategies for implementing the Sustainable Development Goals (SDGs), the ongoing war in Ukraine, climate change and so on.
President Bola Tinubu and an entourage of his ministers, aides and other officials were in New York for the UN gathering, including foreign affairs minister Yusuf Tuggar, marine and blue economy minister Adegboyega Oyetola, Governors Umo Eno, Uba Sani and AbdulRahman AbdulRasaq of Kwara, among others.
As important matters that affect the world at large were deliberated during the day, government officials at night engaged the services of prostitutes to relieve the day’s stress, notwithstanding the exorbitant sex charges.
The majority of the escorts, top-tier babes, were flown from Las Vegas and Europe to meet the foreign emissaries in New York five-star hotels.
To avoid a sex scandal, the diplomats meet the courtesans in hotels and not their designated accommodation for fear of getting exposed, which might have far-reaching implications on their political careers and sully their reputations.
According to the report, the hookers said many of the diplomats live in conservative countries where they are unable to fulfil their sexual fantasies, hence the reason they explore their options with the courtesans in New York.
“Diplomats go crazy because they’re so repressed where they are … they don’t have these girls,” a courtesan told the paper.
For diplomats who want to enjoy the pleasures of lap dances in strip clubs, they could pay up to $100,000 for VIP private rooms.
“VIP rooms are booked, and they (government officials) can spend anywhere from $50,000 to $100,000 in a night,” another source told The Post. “You look around and it’s not the usual crowd of regulars.”
ASUU BREAKING NEWS Federal Government Approved the implementation of 35% And 23% of Salary increment for Staff of All Federal Tertiary Institutions. And also The FG will pay arrears from 1st January 2023.
Credit: @BiggyUpdates
OFFICE OF THE AUDITOR - GENERAL FOR THE FEDERATION AUDIT HOUSE, ABUJA
INTERNAL MEMO Date: 21 September, 2023 From: D (HRM) To: Directors of Audit Heads of Department Heads of Units All Staff
SUBJECT: REVIEW OF CONSOLIDATED POLYTECHNICS AND COLLEGES OF EDUCATION ACADEMIC STAFF SALARY STRUCTURE (CONPCASS). - REVIEW OF CONSOLIDATED TERTIARY INSTITUTIONS SALARY STRUCTURE (CONTISS). - REVIEW OF CONSOLIDATED TERTIARY EDUCATIONAL INSTITUTIONS SALARY STRUCTURE (CONTEDISS). - REVIEW OF CONSOLIDATED UNIVERSITY ACADEMIC STAFF SALARY STRUCTURE (CONUASS),
I am directed to inform you that the Presidential Committee on Salaries at It's 13th meeting having taken into consideration the different stages of collective bargaining In various sectors and specifically engagements between the Federal Ministry of Education and Tertiary Institutions-based Unions and consequently the Federal Government's approval, Is hereby conveyed as revised for the following:-
I. Consolidated Polytechnics and Colleges of Education Salary Structure (CONPCASS) for Academic Staff of Federal Polytechnics and Colleges of Education with effect from January, 2023.
ii Consolidated Tertiary Institutions Salary Structure II (CONTISS II) for Mil. Academic Staff of Federal Universities, with effect from 1st January, 2023.
ill. Consolidated Tertiary Education Institutions Salary Structure (CONTEDISS) for non - Academic Staff of Federal Polytechnics and Colleges of Education, with effect from 1st January, 2023.
iv. Consolidated University Academic Salary Structure Il (CONUASS II) for Academic Staff of Federal University with effect from 1" January, 2023.
2. Kindly find attached copies of the Circulars and necessary tables) AJANAKU F.0 AD (APD) For: Director (Human Resource Management)
The Honourable Minister Federal Ministry of Education Federal Secretariat
RE: IMPLEMENTATION OF 35% AND 23.5% SALARY INCREMENT FOR STAFF OF TERTIARY INSTITUTIONS
I refer to your letter No. FME/IS/UNI/ASUU/C.11/111T2/90 dated 8th September 2023 in respect of the above-subject.
2. Find attached the circulars pertaining to the four salary structures in the Universities, Polytechnics and Colleges of Education for your information (attached).
3. The 23.5% earlier reflected in our letter SWC/S/04/S.149/T/59 of 28. July 2022 and stated in paragraph 2 of your letter. has been increased to 25% which accounted for the increased cost implications.
4. This Commission is really pleased with the success your informal discussions have achieved. We shall endeavour to support all your efforts aimed at repositioning the Education Sector.
Please accept the assurances of my warm regards. Ekpo U.0. Nta, Esq. Chairman/CEO
The Central Bank of Nigeria (CBN) has postponed the 293rd meeting of the Monetary Policy Committee (MPC).
No reason was given by the apex bank which made the announcement in a release by the CBN spokesman, Abdulmumin Isa.
Isa said a new date will be communicated.
The MPC, which was scheduled for Monday and Tuesday next week, would have afforded the committee to opportunity to review the hawkwish interest rate position of the CBN amidst growing inflation concern.
Analyst expect the meeting to also serve as a validation session as President Bola Tinubu has named new governor and deputy governors for the bank, awaiting confirmation by the Senate.
It is unclear if the leadership change at the bank is the cause of the postponement.
Last week Tinubu named Yemi Cardoso as the new CBN governor and Sani Ahmad Dattijo, Mrs. Emem Nnana Usoro, Mr. Philip Ikeazor, and Dr. Bala M. Bello as deputy governors.
Francis Dufay has spent most of his career working in e-commerce. But as CEO of Jumia Group, Africa’s most recognised e-commerce brand, he is facing his most challenging task ever.
More than a decade after it set up shop, the online retailer Jumia is still hemorrhaging money with no timeline for profitability. In its most recent earnings report, Jumia lost $167 for every $100 it earned. While its revenue from the first six months of 2023 stood at $94.8 million, it lost $63.7 million. Although its losses have reduced compared to previous years, it’s still too high for comfort. Old claims of being the “Amazon of Africa” no longer hold much value as it struggles to stay relevant in its key markets.
“Our economics was not sustainable as they may have been,” Dufay told TechCabal, referring to Jumia’s operating model over the last ten years. “The priorities needed to change.”
Dufay has risen through the ranks at Jumia over the last decade after joining the company from McKinsey, the global consulting firm. Before being named CEO in November 2022, he oversaw Jumia’s business in nine countries while reporting to former co-CEOs Jeremy Hodara and Sacha Poignonnec. Both executives resigned late last year, walking away with severance packages worth $850,000 each, according to Jumia’s financial report.
“Today, I’m managing 11 countries [and] I get to deal with a few more topics now, but it [my promotion] was not groundbreaking [or] a major transformation of my role because I was already overseeing the majority of the business at Jumia,” Dufay said. “So that helped me to make a relatively smooth transition and quickly get into the role. And I was able to make the right decisions extremely fast.”
As chief executive, Dufay inherited a struggling business that is no longer growing, putting it at risk of running out of money in a little over a year. Dufay declined to speak about his predecessors’ performance and management decisions.
Jumia’s biggest challenge at the moment is cutting costs. With less than $62 million cash left in the bank account, per its Q2 2023 reports, Jumia may struggle to cover its costs. It has also lost nearly a third of shoppers on its platform over the last year as the business takes drastic changes to survive.
“In the past, the focus has been fully on growth, but in a very different context where funding across the world was abundant for growth companies, which enabled many companies not to worry too much about some of the aspects of the business,” Dufay shared.
Jumia benefitted from this old reality, raising over $700 million as a startup. On two occasions, it extended its runway by selling equity on the capital market as a publicly traded company. These lifelines no longer exist because of rising interest rates in the US and an unfriendly stock market. Jumia has to adjust to this reality on its path to sustainability. “We are working hard to get the right cash utilization and cost structure so we do not need to go and beg the market for new capital,” Dufay explained.
Since his appointment, Dufay has implemented painful cuts across the company, including laying off 900 or 20% of employees. He is also reining in some profligacy, including forcing 60% of its top management team to work from the African continent instead of an office in the United Arab Emirates to save costs. The move to Africa will also remind executives of the operational realities in the markets they serve. The cuts have also hit executive compensation, and Dufay is likely to earn much less than his predecessors, according to the company’s annual report.
In 2021, former co-CEOs Hodara and Poignonnec each collected annual base salaries of nearly $480,000 and stock option incentives worth $4 million each. However, the new CEO’s base compensation is lower, hovering around $350,000 according to his annualized pay from December 2022. At least two of Jumia’s non-executive board members have also waived all or part of their hefty compensation packages in the last two years to help the company conserve cash. Last year, the company’s board members collectively earned $1.5 million in cash and stock compensation despite the company’s staggering losses.
“Of course, I’m interested in my salary,” Dufay told TechCabal about his compensation. “What matters to me is that we get back on track on growth.”
Promising early days
Launched in 2012, Jumia started operations on the continent from Nigeria as the West African country’s economy was on the verge of a restart. Government reforms from a decade earlier laid the groundwork for economic growth. As commodities prices, such as crude oil, soared during the Arab Spring, international economists expected an economic boom to usher in a new and larger middle class in Nigeria and across the continent. Nigeria, Jumia’s single biggest market today, was poised to benefit significantly from the new prosperity.
Thanks to a fast-growing population and deepening broadband connectivity, the country’s consumer internet market grew even before the first 4G internet services rolled out in 2016. McKinsey predicted these upward economic trends would widen the middle-class population to 35 million by 2030. The phrase “Africa Rising” captured this optimism while skeptics, like Standard Bank, who questioned the lofty projections about a middle-class expansion, were ignored.
Startup investors wanted to get in on the coming prosperity. Tiger Global made its entry, backing Jobberman and IrokoTV. Other investors wanted someone to guide them as they explored the unfamiliar Nigerian market. Along came the Samwer brothers, founders of Rocket Internet, a German venture studio that copied proven American business models and applied them in other markets. Rocket Internet hired the team of co-founders that built Jumia ‘s retail operations, while the Samwer trio attracted major financiers who drooled at the digital economy possibilities in the region.
Jumia took off but so did Konga, an e-commerce rival that raised over $100 million during its heyday. Jumia operated as a group of separate businesses — retail, ride-hailing, food delivery, travel booking — before consolidating in 2016. This was the early days of “startup mania” in Nigeria, and e-commerce was all the rage.
Konga and Jumia went to war, blowing millions of dollars on hiring and marketing, including promos and discounts that helped Transsion’s Tecno and Infinix smartphones grow faster. Konga folded first. It unceremoniously sold for almost nothing in 2018. Jumia remained as Nigeria grew to become its biggest market —shoppers now account for a third of all items the retailer sells.
With its triumph, the startup was listed on the New York Stock Exchange (NYSE). Jumia had successfully completed the startup lifecycle: from ideation, MVP, venture funding, product-market fit (?), scale, and finally, maturity via a stock market exit.
The struggle begins
But life as a public company has exposed the weaknesses in Jumia’s model. The firm is still a cash-burning entity that’s unable to sell a single product without losing money. Jumia’s problem is threefold.
First, the architecture for e-commerce — addressing systems, security, and fulfillment — within Africa remains fragmented a decade after Jumia launched. Historically, this has made it challenging to ship products from manufacturers and other retailers to the final consumer. This is not a new problem, but not something that Jumia can solve alone, Dufay said. Also, the proportion of households in these markets with medium and low income puts pressure on the platform to lower the prices of goods sold.
Second, economic growth in Jumia’s key market, Nigeria, slowed after 2015, and an unstable currency exchange system has cut deep into the health of several businesses. Under the Buhari government, the West African country squandered gains built over the previous decade. Excluding banks, every sector of the economy has suffered a depression. The middle class has primarily shrunk, and earlier growth projections have disappeared as inflation and devaluation put pressure on household incomes and a new wave of brain drain accelerates.
This problem isn’t unique to Jumia. Multiple companies launched in Nigeria between 2005 and 2012 have struggled after 2015. Etisalat Nigeria, the local subsidiary of the Emirati telecom company, fell apart after its dollar debt became unsustainable. South African retailer Shoprite quit the Nigerian market in 2021, 16 years after opening its first store. And in recent years, the contagion has spread, with several consumer goods companies, including those that sell on Jumia, reporting severe distress and scaling back their domestic operations. Jumia’s Dufay said the company lost $38 million in Nigeria in the second quarter due to a devaluation in the country.
But Jumia’s third problem is entirely its fault. The company played the valuation game. Rocket Internet cashed out early, leaving later-stage investors holding an overvalued company. While Jumia couldn’t do much about the economic disarray in its key markets, its operating model only worsened things.
The online retailer is available in nearly a dozen markets. But there is no good reason why. To sweeten its valuation and sell the “Amazon of Africa” narrative, it needed to show “geographical scale” — that it could operate in multiple countries even when there was no clear value proposition.
Jumia’s South African rival, Takealot, is a much smaller business by geographical spread. It operates in just that country. But its annual revenue of $808 million is nearly four times larger than Jumia’s $221.9 million. Takealot sold $1.5 billion worth of items last year; the Amazon of Africa only grossed $1.05 billion. The South African retailer is healthier, reporting losses of just $22 million, more than ten times smaller than its pan-African peer.
So when Jumia touched the coveted $1 billion valuation in early 2016, it was an outlier compared to its digital economy peers. Konga, its closest rival, was worth just $35 million then. Payments company Interswitch was worth roughly $160 million from a previous equity deal. And MainOne, whose infrastructure launched in 2010 and was pivotal to the broadband boom, didn’t even notch more than $300 million. Tiger Global’s bets — Jobberman and IrokoTV — and other startups were quite far from the unicorn mark too.
Today, Jumia is no longer a billion-dollar company. Its share price trades below $3 at the time of this report, bringing its market value to just under $270 million after Wall Street chopped it down to size.
“In Africa, anyone can build a business at burning billions,” Dufay believes. “But building a real sustainable business that adds value for customers, shareholders and employees across Africa in a new sector like e-commerce is a challenge. And I think it’s much more challenging and interesting to do that in the current context.”
Jumia’s biggest challenge in the short term is cutting costs, said Dufay, whose leadership is packed with former management consultants. This starts with shrinking the retailer’s bloated workforce expenses and management costs.
Jumia now spends over $130 million annually on its workforce and offices, more than half its total revenue. But it has costs, including deliveries ($100 million), marketing ($76 million), and technology expenses ($55 million). Throw all that in and it’s no surprise the retailer’s net losses stood at $227 million last year.
Jumia’s high workforce expenses partly stem from its complicated corporate structure. While it is active in 11 markets, its 4,318 employees as of December 2022 are scattered across 17 countries. Its headquarters is in Germany, where it sells nothing. Senior management also worked out of Dubai, UAE.
Its technology and data team is based in Porto, Portugal, because Jumia’s former co-CEOs, ex-McKinsey consultants, worried the continent lacked quality developer talent.
Jumia’s reformation begins
So far, Dufay’s changes seem to be working. Jumia’s operating losses are down 60% this year, especially advertising spend, which declined 71.7%, compared to 2022. But revenue has also dipped and the platform has lost 1 million shoppers in the last twelve months.
To bring costs to a bearable minimum, Jumia would need to close shop or limit its operations in certain geographies to classifieds rather than full-service e-commerce. Of course, this would hurt its narrative, but it’s the right thing to do.
After containing costs, Dufay’s focus should shift to platform growth, especially in Nigeria and Egypt. A few years ago, Jumia successfully increased the percentage of sales from third-party merchants — marketplace revenue. At the end of last year, 61% of its revenue came from third-party vendors, saving the company the hassle of managing inventory. Instead, it operates warehouses and deliveries for a price and also earns a commission for every successful third-party sale.
High platform activity also improves network effects and potential revenue. For example, Jumia gets 1 billion page views annually. It sells advertising to external companies looking to reach people and third-party sellers to attract more buyers to the Jumia stores. Last year, marketplace ads brought in revenue of $18 million, up 67% from the previous year.
If the platform only sold its own inventory, its advertising income would have been much less. Jumia’s goal should be to re-emphasize to online vendors and customers that its platform is still the best way to shop on the domestic internet.
This would involve significant marketing and awareness campaigns to shrug off its nasty reputation for inefficiency and poor quality control. From my previous conversations with Jumia executives, they seem to underestimate the outsized impact of this negative brand perception.
However, Jumia has an advantage in the medium and long term. E-commerce is not going away, and few companies in the last decade are influential enough to boast $130 million in markets like Nigeria and Egypt.
“The demand is there and it’s up to us to serve the demand; so we’re coming back to life we building the right fundamentals,” Dufay explained. “What people need to be aware of is that this company is coming back.”
If you must send nudes, at least do one-view or cover your face or any other identification mark. And do not forget that video calls can be screen shot/recorded. For others, it is a clandestine recording of their intimate moments, of course without consent.
I have honestly lost count of people, sometimes notable ones, approaching me about someone somewhere blackmailing and extorting them with their nudes.
Trust no one. Take adequate precautions. Trust your instincts too. And do not forget to reach https://incb.npf.gov.ng in the unfortunate event you fall victim of this. 🤗🤗
Months after raising $3 million, the Nigerian fintech PayDay is in talks and hopes to conclude a sale of the company soon.
Six months after raising $3 million in a seed round led by Moniepoint, the Nigerian fintech startup Payday is actively speaking to buyers. Favour Ori, the startup’s CEO, confirmed that PayDay is entertaining conversations with potential acquirers. “Active conversations are being had with people who reached out and expressed interest in buying,” Favour told TechCabal.
In March, one publication reported that Moniepoint was in discussions to buy Payday; a journalist at that publication said privately that the deal would be closed in three months.
“Favour himself leaked the news,” One source close to the situation said. “[i]Moniepoint had issued a letter of intent to acquire Payday, contingent upon specific performance benchmarks being met. It was a matter anticipated in the near future[/i].” But by May, there was no update about the deal.
A highly placed member of PayDay’s management said the company was open to being acquired before its seed round. Despite this openness to being bought, the Moniepoint deal did not go through, with one source claiming that Moniepoint’s board was not keen on the deal. One source at a VC with equity in Moniepoint claimed that they first heard about the potential acquisition of PayDay in the media. Despite Moniepoint pulling out of the deal, TechCabal confirmed that talks to sell the company are ongoing.
A wave of bad press may have complicated attempts to sell the company. In August, PayDay acknowledged that it suspended access to customer accounts after it noticed some customers had lost funds to fraudulent activities. While an employee familiar with the matter refused to disclose how much was lost, they admitted that PayDay temporarily disabled access to several accounts to recover funds stolen by people who exploited a loophole in Payday’s infrastructure that enabled currency arbitrage. “The company didn’t publicly acknowledge that it had restricted accounts until a prominent blog accused the company of misappropriating customer funds,” a source told TechCabal.
As the company pushed back on bad press, it also had to deal with internal issues.
A contentious salary adjustment at PayDay
Current and former employees said PayDay slashed salaries of some Nigerian staff in July—three months after the $3 million raise. “They told us that it was because the company wanted to be domiciled in Nigeria and was obligated to pay its resident employees in Naira,” a current employee said. While employees expected the Naira equivalent of their salaries to align with their dollar salaries, the actual amounts fell short, amounting to 30-50% reductions. The company said the cut was necessary to adjust the wages of employees in Nigeria to the regular pay for such roles in the country. A highly placed source claimed that less than 10 of the company’s 60 staff were affected and that PayDay planned to assign stock options to the employees as further compensation. PayDay employees told Techcabal that the stock options that were promised had not materialised.
The displeasure of employees was complicated by the fact that Favour, who shuttled between Rwanda and the U.S maintained his monthly salary of $15,000. “I went months without a salary before we raised it,” Favour said. “After we did, I earned $15,000, but that has been slashed to reduce the burn rate.”
Those salary reductions coincided with the exit of several employees, including co-founder and Chief Operating Officer (COO) Ogechi Obike. Obike’s exit note cited a misalignment of goals as the reason for her departure. Three current and former employees described meetings in which Obike and Favour argued. “During meetings, he provoked arguments, particularly when she proposed alternative approaches different from his own,” said a company insider. The same source claimed Obike was omitted from conference calls involving service providers, investors, and other stakeholders. A source at PayDay’s management denied these claims and said that Favour often had praise for Obike, and she left by mutual agreement.
Favour Ori’s shiny object syndrome
Sources say that many of Favour’s decisions often came out of the blues. “There were instances when we would wake up to discover upcoming features through Twitter, and even the product team had no prior knowledge of these developments,” one person said. “At times, he would suddenly take control of the company’s social media account to respond to customer complaints.” An employee insisted that Favour’s behaviour was typical of founders in the early stages and not necessarily odd or worrisome.
Several people said that Favour had a pattern of hiring top talent from renowned startups, primarily through social media. Once he had recruited them, he rarely allowed them to implement their own ideas instead of compelling them to conform to his directives, effectively stifling their ability to apply their expertise. A member of PayDay’s management who asked not to be named pushed back on some of these claims; ”The team is dealing with a lot, and everyone is stressed, the source said. “I don’t know that anyone left because they were dissatisfied.”
The impulsiveness of the company’s founder was sometimes costly. Some customers lost money while trying to create virtual cards, while others could not access their accounts. “All of this happened because Favour abruptly switched from our previous Mastercard provider to a new one, with minimal to no prior vetting. As soon as the switch happened, we were inundated with a wave of customer complaints,” said an employee to TechCabal. The company claims that it has refunded all the affected customers.
Lately, Favour has reduced his involvement in the company. “He is no longer as active as he once was on the company’s Slack channel, except for a few occasions when he drops messages in the engineering channel,” a source told TechCabal. A source also disclosed that while he is occupied with attempts to sell the company, Favour has worked full-time at GitHub. “Early in the year, during a team hangout, Favour showed us his Github work ID when introducing himself, implying that Payday was a side hustle.” Additionally, PayDay’s co-founder Elijah Kingson is employed at London-based fintech Revolut. Both co-founders declined to comment.
The naira experienced a historic low against the dollar, dropping to N960/$1 on Monday, following the recent appointment of Yemi Cardoso as Nigeria’s upcoming central bank governor.
In the burgeoning peer-to-peer market, where exchange rates are often set through cryptocurrency transactions, the naira slipped even further to N970/$1 in the early hours of Tuesday.
This decline crosses the previously observed rate of N960/$1 just last week. This slump in the exchange rate garnered the attention of various market stakeholders.
Conversations with black market currency dealers, as reported by Nairametrics, indicate a weakening exchange rate, closing around N960/$1 on Monday, compared to the N950/$1 rate observed at the close of the previous week.
This shift is symptomatic of an underlying volatility and imbalance in the forex market.
So far this month, the parallel market has seen a 4% decline in the value of the naira against the dollar. Forex traders attribute this trend to a shortage in dollar supply, a factor that is significantly impacting the exchange rate as demand continues to far outstrip available resources.
Further compounding the issue is the growing gap between official and black market exchange rates. As of the latest data, the disparity has widened to approximately N180/$1. The official NAFEX rate closed at N774.63, presenting a stark contrast to the rates in the parallel market.
I&E Window – A glance at the official Investor & Exporter (I&E) window shows the naira trading at an exchange rate of N773.98, although it spiked to an intra-day high of roughly N799.90.
On the turnover front, the forex market saw transactions amounting to a modest $64 million, albeit an improvement from the $45.88 million recorded last Friday.
An analysis of trading in September reveals that daily forex turnover has averaged about $77 million in the first 11 days, marking a decrease from the $90 million average observed over the same period last month. Interestingly, despite steps taken to unify the exchange rate, there has been no significant uptick in forex turnover.
Interestingly, despite steps taken to unify the exchange rate, there has been no significant uptick in forex turnover.
This stagnation suggests that investors continue to conduct transactions outside the official market, further fragmenting the landscape and leading to inconsistencies in exchange rates.
Insiders familiar with the forex market told Nairametrics that the Central Bank of Nigeria remains the largest supplier of foreign currency in the official I&E window.
However, many businesses opt for the parallel or black market to execute their forex trades, lured by the more favorable exchange rates on offer.
The central question now is whether the newly appointed central bank governor, Yemi Cardoso, will be able to implement strategies that can stabilize the naira and lure investors and businesses back to the official market.
Optics
Taken together, these developments depict a turbulent forex market with varying impacts across multiple platforms, from the official channel to parallel and digital peer-to-peer markets.
The landscape presents an onerous challenge for the Central Bank of Nigeria (CBN), which is bracing for a change in leadership in the coming months.
Presidentially endorsed, Yemi Cardoso has been nominated as the successor to the current CBN Governor, Godwin Emefiele.
Alongside Cardoso, the president has also nominated five individuals for the role of deputy governor.
This overhaul at the top echelons of the CBN represents the first comprehensive leadership change in decades and comes at a time when the economy is wrestling with potential dollarization.
The incoming leadership faces a monumental task. While there are no quick fixes to the country’s forex woes, some analysts suggest that short-term relief could come from a boost in crude oil prices and an increase in crude oil production output.
These factors have the potential to enhance forex inflows, providing a temporary salve to the ailing economy.
Additionally, the Nigerian government is not limiting its options to domestic solutions. Officials are currently in talks to secure alternative funding through bilateral loans from countries such as the United Arab Emirates, India, and Saudi Arabia.
Although these loans may provide some level of fiscal breathing room, they are not a panacea for the structural imbalances affecting the forex market.
The Dangote Refinery is set to start diesel and jet fuel refining operations by October 2023 and petrol refining by November 2023.
This is according to Dangote Group Executive Director Devakumar Edwin. He made the statement during a September 18 interview with S&P Global Commodity Insights.
According to him, the Dangote refinery will receive its first cargo of crude in the next two weeks and will begin producing up to 370,000 barrels per day of diesel and jet fuel from October 2023.
He also noted that by November 30, the refinery will start the phased ramp-up to 650,000 barrels per day of petrol.
He said:
"Right now, I’m ready to receive crude,” said Edwin, who previously ran Dangote Cement. “We are just waiting for the first vessel. And so as soon as it comes in, we can start.”
More Insights
While addressing the timeline change, Edwin told S&P that the NNPCL had said they had committed their crude on a forward basis to someone else, so they didn’t have the crude immediately.
He noted that this is a temporary issue, and the refinery should run on exclusively Nigerian crude by November 2023.
He noted further that the Nigerian oil will be purchased in US dollars, and not naira because it is in a free zone on the outskirts of Lagos.
However, NNPCL will supply some crude at knockdown prices due to its equity stake.
Edwin also said that the Dangote refinery can process most African crudes, apart from heavy Angolan grades as well as Middle Eastern Arab Light and even US light tight oil.
He said:
“We can take even some of the Russian grades… if the global system opens up to allow us to receive them. Basically, if you look at our production profile, 50% of my production will meet 100% of the requirements of the country.
“Excess gasoline – which will be 10 ppm sulfur Euro 5 quality — will be exported to other African markets as well as the US and South America, although the volumes will be relatively small. Meanwhile, jet fuel will be exported to Europe and diesel will be sold in sub-Saharan Africa.”
S&P also reported that Edwin said the Dangote refinery would be enormously beneficial to Nigeria by establishing a reliable supply of “environmentally friendly” refined products and bringing a huge amount of foreign exchange into the country.
According to him, the refinery will also ease a fuel supply crisis in import-dependent West Africa, where Nigeria’s recently scrapped fuel subsidy created a thriving illicit market for gasoline amid price fluctuations.
Meanwhile, he noted that the money coming back into the refinery business will go for further investments because Aliko Dangote’s focus is always on Nigeria.
Innocent Ujah Idibia Listeni MON (born 18 September 1975), known by his stage name 2Baba, is a Nigerian singer, songwriter, record producer, entrepreneur and philanthropist.
Noted for his vocal range, lyrical depth, and longevity, he is widely regarded as one of Africa's greatest musicians of all time. He is most influential for the rise in popularity of Nigerian pop music in the 2000s, and his solo debut album Face2Face (with the smash hit "African Queen" ushered in a new wave of awareness and reverence for Nigerian music amongst Africans on the continent and in diaspora. Prior to July 2014, he went by the stage name 2face Idibia.
2Baba is the first winner of MTV EMA Best African Act category in 2005, and is one of the most awarded Nigerian musicians in history.
Flood destroyed over 150 houses in Anguwan Rogo, Rikkos, Bauchi Road and Naraguta communities of Jos North Local Government Area of Plateau State.
By Arewa Twittér @ArewaTwiter.
Flood Destroys Over 100 Houses In Plateau
About 100 households were displaced by flood in Anguwan Rogo, Rikkos, Bauchi Road and Naraguta communities in Jos North LGA of Plateau State following a downpour on Saturday through Sunday.
Tanko Yakubu Alhassan, a resident of Bauchi Road, told newsmen that, “The flood didn’t claim lives, but because it was huge, it displaced over 150 households. The displaced persons are currently staying with neighbours or friends and relatives.”
Salamatu Aliyu, a victim, said, “We never expected it. The heavy rain has destroyed my house and that of my neighbours, as well as several other homes in Anguwan Rogo. We are calling on the government and other spirited individuals to come to our rescue.”
Chicago State University: Why AriseTV Is a Propaganda Machine, Not a News Media
On the issue of whether or not Bola Tinubu was admitted, attended, and graduated from Chicago State University and whether or not Chicago State University denied his records on the strength of a subpoena, the truth is that @ARISEtv lied. And rather than correct their lie, they kept perpetuating it as recently as two days ago, and in so doing, they were digging their own grave by perpetuating their lie.
I have all the facts of this matter because I went to Chicago State University. I did not rely on gossip from online media tainted by their support for Peter Obi. I was also in direct contact with the litigant in the current case, so I knew, sometimes before others, what was happening in court, and I spoke directly to Vanguard Newspapers, who AriseTV wrongly credited with being the source of their lie.
At no time did Chicago State University ever deny Bola Ahmed Tinubu or his certificate or assert that his certificate is fake. That was a lie perpetuated by AriseTV. And it was not fed by any act of genuine journalism. It was fed by the Napoleon Small Man Inferiority Complex of a short and very vindictive On Air Personality named Rufai Oseni, @ruffydfire, who is sponsored by @PeterObi, and who threatened to kill me in a taped conversation with my brother after I exposed him as a liar.
The lie is sustained by the owner of AriseTV, who is labouring under the false impression that his controversy fuels the ratings and viewership of his station.
I do not support Bola Tinubu. However, Bola Tinubu was admitted, attended, and graduated from Chicago State University. Contrary to what AriseTV reported, there was never a time that Chicago State University denied or refused to accept that.
And there was never a time anybody, including a lawyer named Mike Enahoro-Ebah, subpoenaed Chicago State University for their records on Bola Tinubu, and Chicago State University denied Bola Tinubu or his degree certificate.
What Chicago State University said is that they confirm that Bola Tinubu was admitted, attended, and graduated from their institution and that that Bola Tinubu is the same male human being who is now the President of Nigeria, but that they could not divulge anymore to anyone except Bola Tinubu gives his consent, or a court gives them an order.
They further affirmed in an affidavit that the current degree certificate, which Bola Tinubu tendered to the Independent National Electoral Commission, cannot be authenticated by them, because that certificate is a ceremonial replacement certificate, which is very common in America.
Nigerians may recall that on Friday, June 24, 2022, Bola Tinubu said all his academic certificates, including and especially his certificate from the University of Chicago, were stolen when unknown persons sent by the Abacha administration raided his house while he was away on exile in Europe and America.
In an affidavit, Bola Tinubu said that he:
“went on self exile from October 1994 to October 1998, when I returned and discovered that my property including all the documents relating to my qualification and my certificates in respect of paragraph 3 above, were looted by unknown persons.”
When you lose your original certificate, you can get a ceremonial replacement certificate from any number of third-party commercial vendors who will issue it to you after verifying from the original institution that you attended their school.
If you studied in the United States and want a replacement certificate, just Google these words 'how to get a ceremonial replacement certificate.'
Any interested parties can contact Chicago State University via their phone number (+1 (773) 995-2517) and their email address (CSU-Registrar@csu.edu) to verify what I have written above.
AriseTV lied. And if they are sure of their claims, I challenge them to sue me in court. What they did is not investigative journalism. It is yellow journalism.
I was misled by @dabiodunMFR, the Governor of Ogun State, regarding the Mowe - Ofada road. The entire stretch is approximately 8 km long. The part that's actually suitable for vehicles is just 4 km, and the recent celebration was for the laying of asphalt over about 120 meters.
Unfortunately, I ended up with a flat tire this morning due to a massive crater on the road. It's quite frustrating.
If you're heading to Ofada, be mentally prepared for the road conditions, folks!
Ernest Azudialu-Obiejesi, the chairperson and CEO of Nestoil Group, a Nigerian oil conglomerate, is set to complete the purchase of a $76 million Gulfstream G-700 jet from the manufacturer in Georgia, United States, PREMIUM TIMES can authoritatively report today.
In addition, Mr Azudialu-Obiejesi and his oil firm are now strategising to expand their dealings with American businesses in Georgia, Texas, Louisiana, California, and other states in the US, documents show.
Incorporated in 1991, Nestoil has grown to be one of Nigeria’s foremost indigenous engineering, procurement, construction, and commissioning (EPCC) companies in the oil and gas sector.
Mr Azudialu-Obiejesi, 63, the founder and managing director of the company, has now set his eyes beyond the shores of Nigeria, looking to build a world-class energy conglomerate, those close to his business said.
Aside from expanding Nestoil’s operation in America, PREMIUM TIMES understands that the billionaire businessman’s other priorities include the purchase of a new Gulfstream G-700 aeroplane that sells for $76 million.
At the current official market rate of N780 per US dollars, the amount is equivalent to N59.3 billion.
The G-700 aircraft is an all-new jet that is currently in flight test and is anticipated to enter into service this year, according to Guardian Jet, an organisation providing aircraft owners and operators with market intelligence advice.
The aircraft, its manufacturers say, is an ultra-long-range bespoke private jet with two engines. It will offer the largest cabin in business aviation, carrying up to 19 passengers and having up to five living areas.
“The Gulfstream G700 unites a revolutionary cabin with all-new Roy Royce engines and the award-winning Symmetry Flight Deck,” the manufacturers said in a product brochure.
Gulfstream said the all-new aircraft will deliver better performance and greater cabin comfort. During certification flying, the aircraft demonstrated increases in range and speed as well as improvements in cabin altitude, Mark Burns, Gulfstream Aerospace Corporation President, said recently.
“We are undertaking one of the most extensive flight test programmes as the G700 is the first business aircraft to undergo Federal Aviation Administration certification following the passage of the 2020 Aircraft Certification, Safety, and Accountability Act.
“As a result, we will be delivering an extremely mature, rigorously tested aircraft that will outperform expectations in speed, range and cabin comfort. Our certification efforts continue to advance, and we look forward to delivering the G700 to customers around the world.”
If the purchase is completed, Mr Azudialu-Obiejesi and his Nestoil will be among the first set of buyers in the world to acquire the luxury jet.
Currently, Nestoil relies heavily on an older Gulfstream jet for which, in addition to its purchase price, the company has spent $31 million (N41 billion) on parts, maintenance, and management, company documents show.
The company also has a Bombardier jet, which is manufactured in Canada and was financed with a $25 million (N33.6 billion) loan from a leading Swiss bank.
However, Mr Azudialu-Obiejesi, the Nestoil CEO, said in a document seen by PREMIUM TIMES that he prefers U.S. jets, adding that he plans to continue purchasing and relying on them for the foreseeable future.
In November 2022, Nestoil’s aviation subsidiary signed a letter of intent for the purchase of the G-700 aircraft.
This newspaper can now report that the deal is at an advanced stage, with Gulfstream and Mr Azudialu-Obiejesi’s Nestoil arranging schedules for the completion of the jet.
Mr Azudialu-Obiejesi is also planning a trip to Georgia soon to complete the transaction.
Nestoil Jet Accident On 25 January 2018, Nestoil’s Gulfstream G-200 jet got involved in an accident at the Nnamdi Azikiwe International Airport, Abuja.
The aircraft, with registration marking 5N-BTF, took off from the Murtala Muhammed International Airport, Lagos, on that day, operating a chartered flight service with four passengers and three crew onboard.
Although no casualty was recorded, a report from the Accidents Investigation Bureau (AIB) said the aircraft was substantially damaged.
Nestoil says once the G-700 arrives at its headquarters, it will become the star of the Nigerian conglomerate’s fleet of fixed-wing aeroplanes, helicopters, and dozens of shipping vessels.
Ernest Azudialu-Obiejesi and his Nestoil Mr Azudialu-Obiejesi is known as an astute businessman with a bachelor’s degree in Accountancy from the University of Benin and an honorary doctorate in Business Administration from the University of Nigeria. He established Nestoil in 1991 as an offshoot of the Obijackson Group of Companies.
Nestoil entities within the oil and gas sector engage in oil drilling, oil and gas exploration and production, dredging, aviation, civil construction, ship drydocking, pressure vessel manufacturing, major steel fabrication, and marine shipping.
The company’s biggest project to date was its construction for the Royal Dutch Shell company of half of the $1.1 billion 60-mile Nembe Trunk Line in the Niger Delta.
In its 32 years of operations, the company has expanded to become a leading indigenous oil and gas company handling multi-million dollar contracts, with its clientele including the Nigerian government and international oil companies.
The company has further expanded its services through the establishment of affiliates to handle specific industry needs – B & Q Dredging Ltd [dredging and marine operations]; Gobowen E& P Ltd [upstream oil and gas activities]; Hammakkop Consortium Ltd [for civil engineering construction works]; Energy Works Technology Ltd [Offshore Fabrication and pressure vessel manufacturing]; Time Power Global Dynamics Ltd [power distribution]; and Century Power Generation Ltd [electricity generation].
Chimamanda Ngozi Adichie (born 15 September 1977) is a Nigerian writer whose works range from novels to short stories to nonfiction. She was described in The Times Literary Supplement as "the most prominent" of a "procession of critically acclaimed young anglophone authors [which] is succeeding in attracting a new generation of readers to African literature", particularly in her second home, the United States.
Adichie, a feminist, has written the novels Purple Hibiscus (2003), Half of a Yellow Sun (2006), and Americanah (2013), the short story collection The Thing Around Your Neck (2009), and the book-length essay We Should All Be Feminists (2014). Her most recent books are Dear Ijeawele, or A Feminist Manifesto in Fifteen Suggestions (2017), Zikora (2020) and Notes on Grief (2021). In 2008, she was awarded a MacArthur Genius Grant.
Early life, family, and education
Adichie was born in the city of Enugu in Nigeria, the fifth of six children in an Igbo family. She was raised in the university town of Nsukka in Enugu State. While she was growing up, her father, James Nwoye Adichie (1932–2020), worked as a professor of statistics at the University of Nigeria. Her mother, Grace Ifeoma (1942–2021), was the university's first female registrar. The family lost almost everything during the Nigerian Civil War, including both maternal and paternal grandfathers. Her family's ancestral village is in Abba in Anambra State.
Adichie completed her secondary education at the University of Nigeria Secondary School, Nsukka, where she received several academic prizes. She studied medicine and pharmacy at the University of Nigeria for a year and a half. During this period, she edited The Compass, a magazine run by the university's Catholic medical students. At the age of 19, Adichie left Nigeria for the United States to study communications and political science at Drexel University in Philadelphia, Pennsylvania.
She transferred to Eastern Connecticut State University (ECSU) to be near her sister Uche,who had a medical practice in Coventry, Connecticut. She received a bachelor's degree from ECSU, summa cum laude, in 2001.
In 2003, she completed a master's degree in creative writing at Johns Hopkins University. In 2008, she received a master of arts degree in African studies from Yale University.
Adichie was a Hodder fellow at Princeton University during the 2005–2006 academic year. In 2008, she was awarded a MacArthur Fellowship. She was awarded a 2011–2012 fellowship by the Radcliffe Institute for Advanced Study, Harvard University.
Personal life
In 2009, Adichie married Ivara Esege, a Nigerian doctor. In a July 2016 interview, she revealed that she had recently given birth to a daughter.
Adichie divides her time between the United States and Nigeria, where she teaches writing workshops.
I am delighted to announce the successful restoration of the National electricity transmission grid, thanks to the diligent efforts of our skilled engineers. Normal power supply has been reinstated across the affected areas.
We will maintain our round-the-clock efforts to address the root causes of the disruption and proactively resolve underlying issues, ensuring the smooth operation of the electricity grid.
We understand the inconveniences caused by the recent power outage and sincerely apologize
for any disruptions you may have encountered during this period. Your patience and understanding have been greatly appreciated during the restoration process.
Although the current state, strength, and capacity of the national grid may not be at the desired level,
ongoing projects are actively working to improve, strengthen, and expand the grid infrastructure. New initiatives are also in progress. We are dedicated to taking all necessary measures to ensure grid stability and reliability,
closely monitoring the situation to prevent future disruptions.
Our commitment to delivering an enhanced power supply in the country remains unwavering. Thank you for your support.
the late young man actually petitioned @NigeriapolicePR and what was the outcome ✌️this is happening to a lot of people out there which a lot actually prefer to die in silence, because at the end of it all nothing will happen to those oppressors ..
@ZeeZay010
The Assistant Inspector-General of Police, The Nigeria Police Force, Force Criminal Investigation Department Anne Alagbon Close, lkoyi, Lagos.
27th June, 2023.
Sir,
PETITION OF THREAT TO LIFE, MALICIOUS DAMAGE OF PROPERTIES VALUED THE SUM OF FIVE MILLION NAIRA, ASSAULT OCCASIONING HARM, OPPRESSION AND CONDUCT LIKELY TO CAUSE BREACH OF PEACE AGAINST SAM LARRY ELEGUSHI, ELELE, OBELE AND OTHERS
I of the above name and address, a law abiding citizen and a Musician bring to your notice the assault and threat to my life by the above mentioned persons.
On 25th June, 2023 while having a video shoot with another artist by name Zlatan (bile, the above mentioned persons numbering about fifteen led by Samlarry Elegushi invaded the premises with dangerous arms such as guns, cutlasses etc where I was shooting video and scattered the whole process of the shooting, damaged the equipment I was using for the shooting valued about Five Million Naira and started threatening my life which in the process they became violent and assaulted me which I sustained injuries but narrowly escaped.
Attached to this petition is the said pictures. Total amount I paid for the shooting they have destroyed is Eight Million Naira (N8,000,000) which is non-refundable.
However, during the assault, they were boasting that they work for Oba Elegushi and that they have been asked to deal with me for reasons best known to them which till date they are still threatening to kill me if seen. Sir, I call on your good office to save my life from the above mentioned persons and bring them to book.
GRID COLLAPSE AFTER 421 DAYS OF STABILITY; RESTORATION IS AT ADVANCED STAGES
The Transmission Company of Nigeria, TCN, hereby notes that grid restoration nationwide is in progress and has reached advanced stages with power supply now available in the West, North Central, South, East, and a large portion of the Northern parts of the country.
The power supply restoration is sequel to the total grid collapse, which occurred at 12.35 am, this morning, causing outage nationwide, after over 421 days of consistent grid stability.
In the course of the grid restoration, the process initially suffered a setback; this does not amount to another collapse. In the course of any grid restoration process, challenges may be encountered. This happened today while the grid restoration was in progress, but it was promptly addressed.
It would be recalled that the last total system collapse recorded was on 20th July 2022, from then to the 13th of September, 2023, ( 421 days), the system had been stable in spite of the challenges posed by zero spinning reserve and lack of adequate System
Control and Data Acquisition (SCADA) essential to a strong and stable grid, among others
TCN had been able to maintain 421 days of grid stability because it developed and deployed in-house stop gap measures and tools that it has continued to use to manage the nations grid, ensuring its stability.
Meanwhile, the collapse which occurred after a fire incident on Kanji/Jebba 330kV line 2 is being investigated, with the view to forestalling future occurrence and invariably further strengthen the grid.
The incident notwithstanding, TCN is determined to continue to do its best to ensure grid stability.
Ndidi Mbah GM, Public Affairs 14/9/23
Credit: TCNNIGERIA @TCN_NIGERIA
Dear Valued Customer,
Kindly be informed that power supply has been restored from the grid.
Nigerian man climbs radio mast with football on head to set record
After Tonye Solomon walked 60 km (37 mi) with a football on his head from Amassoma to Yenagoa in Bayelsa State, Nigeria, many of his compatriots doubted the authenticity of his story.
So, to prove them wrong, Tonye decided to demonstrate his skills by setting a Guinness World Records title for the most steps climbed on a ladder while balancing a football on the head.
He successfully achieved the dizzying feat last month by climbing 150 steps to the top of a 250-foot (76-metre) tall radio mast while expertly keeping control of the ball atop his head.
Tonye says he wanted to set this record to challenge himself and “inspire others to do great things.”
He spent two months training for it, using all his free time to practise until he was confident that he would not fail.
During the record attempt, Tonye was seemingly unfazed by the steep ascent, taking just 12 and a half minutes to complete the climb.
“I was astonished because it's never been done by anyone before,” said Fish Jombo, a radio presenter who was part of the large crowd which gathered to watch the record attempt.
After climbing all 150 steps, Tonye threw the ball down and celebrated with a fist pump.
“It wasn't easy,” he said. “I thank the Nigerian Civil Defense Bayelsa State Command for allowing me use their facility for this.”
Tonye is part of the Chukwuebuka Freestyle Academy – run by Chukwuebuka Ezugha – which has produced several record-breaking talents such as Kid Eche, Vincent Okezie, Victor Richard Kipo and Confidence Kipo.
The Central Bank of Nigeria would like to bring to your attention that the attached message currently circulating on social media is false and should be disregarded.
Crime › Uduak Adams Tortured By Mob In Surulere Over False Kidnap Allegation by nlfpmod(mod): 7:45am On Sep 24, 2023
ushered in a new wave of awareness and reverence for Nigerian music amongst Africans on the continent and in diaspora. Prior to July 2014, he went by the stage name 2face Idibia.