Rilwan “Real One” Oladosu, West African Boxing Union (WABU) lightweight champion, has proclaimed that the lightweight division is currently the most competitive and the best on the Nigerian boxing scene.
Oladosu is due to fight Hammed “Ese Hammed” Ganiyu in a national lightweight bout challenge at GOtv Boxing Night 19, holding at the Indoor Sports Hall of the National Stadium, Lagos, on Sunday.
The flamboyant boxer explained that the division has the best groomed Nigerian boxers.
“Today, the lightweight category has the best boxers. It has Joe Boy (Oto Joseph), Berinja (Tope Agboola), Hamzat (Mubarak), myself and of course, my next opponent at GOtv Boxing Night, Hameed. These guys might be my rivals, but they are all talented guys.
The former national lightweight champion also expressed his desire to challenge for the African belt and dethrone his compatriot, Joe Boy.
GOtv Boxing Night 19 will be headlined by by the international welterweight challenge between reigning West African Boxing Union (WABU) welterweight champion, Rilwan “Babyface” Babatunde of Nigeria and Eden Biki of Ghana.
The event will also feature prominent professional boxers in the country compete in different weight categories, including Joseph, reigning African Boxing Union (ABU) lightweight champion; Waidi “Skoro” Usman, a former ABU featherweight champion; and Taiwo “Esepo” Agbaje.
Two all-female bouts are also scheduled for the event, as Rodiat Ibrahim will square up against Rodiat Yusuf, while Adedeji Abiodun will take on Cynthia Ogunsemilore.
The best boxer at the event will go home with a cash prize of N1 million alongside the Mojisola Ogunsanya Memorial Trophy.
GOtv Boxing Night 19 will be beamed live on Africa’s biggest sport channel, SuperSport, in 47 African countries.
Africa’s largest retail customer bank, Access Bank, has been announced as the ‘Outstanding Healthcare SME-Friendly Bank of the Year’ at the Nigerian Healthcare Excellence Award (NHEA) 2019 held recently at the Eko Hotels & Suites, Lagos.
This represents a fourth consecutive win at the event, after winning the same award in 2016, 2017, and also emerged winner of the ‘Outstanding CSR Health Project of the Year’ in 2018.
The annual Nigerian Health Excellence Award is an initiative of the Global Health Project and Resources, in partnership with Anadach Group, United States. The awards recognise and commend institutions that have made laudable contributions towards the growth of the healthcare sector in Nigeria, and focus on improving policy framework for achieving global standards of healthcare while encouraging market leadership and inspirationalperformance in Nigeria.
Receiving the award, Omobolanle Victor- Laniyan, Head, Sustainability at Access Bank said, “Access Bank has an unwavering commitment to significantly improve the healthsector in Nigeria. Therefore, as a Bank, we have studied the health sector and identified inadequate financing as a causal factor for the poor healthcare system in Nigeria.”
This discovery, she maintained, has led the Bank to create products to solve the problem.
“An example is our MHSS product, which provides our customers with the support they need for special medical procedures. We have also formed strategic partnerships withinstitutions such as Medical Credit Fund (MCF), Hygeia and other medical organisations which have enabled us to provide financing to a larger base of health practitioners that our customers can benefit from as well. We are extremely honored to be receiving this award, and on behalf of Access Bank, we say thank you,” she stated.
Corroborating the statement, Ayodele Oloyede, Head, Emerging Businesses, Access Bank said, “Our Bank is notable for being at the forefront of sustainable partnerships for reforms and development of Nigeria.
SMEs are one of the key drivers of economic growth by virtue of their contribution to employment and wealth creation, and we also know that good healthcare is important to productivity. This is why Access Bank supports Micro, Small and Medium Enterprises as part of its measures to help boost the Nigerian Economy.”
Through the Maternal Health Service Support, its healthcare financing product, Access Bank has helped over 107 families obtain a range of medical procedures including In-Vitro Fertilization (IVF) and other specialized procedures as Myomectomy, Bariatric, Dental and Orthopedic procedures. This has led to the birth of more than 58 babies, successful infant bone surgeries, fibroid treatments and other maternal-related procedures.
The Bank remains proud of the impact it has recorded within the health sector, and has promised to continue to intervene at both the service provider level and consumer level, since its funding of these procedures improves the cash flow of the healthcare providers and ensures that customers enjoy healthy living.
Waheed “Showmax” Shogbamu has declared that he is ready to be the next big thing in Nigerian boxing.
The fast-growing light welterweight fighter and product of GOtv Boxing Next-gen Search, is billed to face Akeem “Sugar Boy” Olaiwola in a national challenge bout at GOtv Boxing Night 19 on 21 July at the Indoor Sports Hall of the National Stadium, Lagos.
Speaking in an interview during the week, Shogbamu, who has built a fearsome reputation in such a short time, said he aims to dominate the light welterweight division in the country, Africa and the world.
“I came into the sport at a very young age and I have been learning. There is also a wide scope of improvement for me because I am still young. I am being trained by the best coaches available, so I am on the right path,” he said.
GOtv Boxing Night 19, a nine-bout show, will be headlined by feature the international welterweight challenge between reigning West African Boxing Union (WABU) welterweight champion, Rilwan “Babyface” Babatunde of Nigeria and Eden Biki of Ghana.
Also lined up is a string of explosive match-ups featuring big-name ring artists. These include national lightweight challenge bouts between reigning African Boxing Union (ABU) lightweight champion, Oto “Joe Boy” Joseph and Tope “Berinja” Agboola; as Hammed “Ese Hammed” Ganiyu against current West African Boxing Union (WABU) lightweight champion, Rilwan “Real One” Oladosu.
Former ABU featherweight champion, Waidi “Skoro” Usman will go head-to-head with Taiwo “Esepo” Agbaje; while Kazeem “The Light” Oliwo will face Tope “TP Rock” Musa.
The light welterweight category also promises a cracking duel between Adeyemi “Spirit” Adekanla and Isaac “I Star” Chukwudi
Also on the card are two female bouts, which will see Rodiat Ibrahim take on Rodiat Yusuf, while Adedeji Abiodun swaps punches with Cynthia Ogunsemilore.
The best boxer at the event will go home with a cash prize of N1 million alongside the Mojisola Ogunsanya Memorial Trophy.
As a follow up to his recent release B4Beginning Ghanaian rap lad B4bonah has released a new classic single.
Titled ‘Kpeme’ a local word which literally translate as dangerous, the song features his godfather Muggez and half of the multi award winning duo R2bees.
Produced by Killmatic, the song is off his highly anticipated EP which is scheduled to be released “B4Beginning” Mixtape which features acts like Medikal, Amaarae, Ivy Sole and Hollywood rapper Black Way.
A VGMA honouree, B4bonah is best known for “Dear God”, the inspirational joint with which he broke into Ghana’s music industry. Since then, he has released impressive follow-ups as “My Girl”, “Sofo Moko”, and “Adom Bi”
Listen to the song below:
A federal high court sitting in Lagos South West Nigeria has adjourned for further hearing N6,441,369,617.73 suit instituted against Zenith Bank Plc by a Lagos businessman, Olusola Anthony Adejugbe and his company, Tonique Oil Services limited over alleged excess and illegal changes.
By a further amended statement of claim accompanied by written statement on Oath sworn to by Mr. Olusola Anthony Adejugbe and filed before the court by Barrister Lanre Ogunlesi SAN, the businessman averred that in the course of its business engagements, his company, Tonique Oil Services Limited obtained several credit facilities from Zenith Bank PLC while he pledged three of his properties as securities for the loan facilities.
The plaintiffs averred that three different transactions leading to this litigation occurred in the company’s current account whereby excess interest and charges were discovered. The company demanded for a reversal but the bank refused.
A forensic accounting firm was commissioned to scrutinize and analyse the Company’s account. It was then discovered that between August 2006 and December 2013, excess interest and charges on the Company’s account by Zenith Bank Plc amounted to N1,842,471,801.99.
By a letter dated 19th February 2008, the bank granted Tonique Oil Services Company commercial paper facility of N2,568,644,276.09 to finance the purchase of 30,000MT of Petroleum products, but N2,501,270,000 was credited into the account of the Company.
However, it was alleged further that instead of Zenith Bank financing the purchase of 30,000MT of Petroleum products for the company as per letter of offer, the entire sum of N2,501,270,000 was diverted by the bank for the purchase of its own shares during the bank’s initial public offer, a conduct that is unethical, unprofessional and reprehensive.
In addition, out of the sum of N104,363,212.03 assessed as dividends payable on the bank’s shares, only N42,173,498.43 was credited into the company’s account, leaving outstanding balance of N62,169,713.60.
The bank’s shares purportedly bought by the Tonique Oil Company with the facilities granted by Zenith bank were managed by the bank so much that the bank eventually liquidated the shares after the value has nose dived and depreciated.
Another activity on the Tonique Oil Company current account with the bank was the sale and purchase of a property in Port Harcourt that belong to one of the shareholders /customers of the bank who needed to clean up some of his obligations to the bank.
It was the bank who introduced Tonique Oil company to the shareholders, 50,000 square meters of land out of which the company bought 20,000 square meters for the purpose of expanding its business earnings.
To facilitate the purchase of the land, the bank offered the company a term loan of N500,000 and it was part of understanding of the company and the bank that after the purchase of the land, the bank will finance the company’s Tank forms to be built thereon.
After the purchase of the land, the bank took possession of the title documents of the land as collateral but reneged on the promise and understanding to finance the Company’s tank farm on the land and since 2008, the land had been under the management of the bank and the same had been lying fallow.
In this circumstance, the plaintiffs contended that Tonique Oil Company is not indebted to the bank and any alleged indebtedness could only have been arisen as a result of the unconciousable and illegal acts of the bank’s officials in debiting the company’s account with astronomical spurious interest charged.
Consequently, the plaintiffs also contended that such interest charges are illegal in that they contravene the Central Bank of Nigeria Monetary Credit and Foreign Exchange/Trade guidelines.
The plaintiffs financial consultant computed other charges that were passed into the account of the company, based on relevant policy circulars, guide to bank charges of Central bank of Nigeria and discovered that the bank excessively overcharged the company on interest on overdraft, COT, and VAT on COT, Management Fees, upcountry transfer fees, interest on commercial paper, foreign exchange purchases and letter of credits.
Consequently, the plaintiffs are contending that they are not indebted to the bank rather the bank has overcharged the plaintiffs to several billions of Naira.
The plaintiffs are urging the court to declare that Zenith Bank being a bank within the supervisions and control of CBN cannot charge interest on any facilities granted to them beyond the official approved policy rate of the Central bank of Nigeria.
The plaintiffs are also urging the court not only to restrain the bank from selling their property pledged as securities for the loan but to also compel Zenith Bank to pay Tonique Oil services company the sum of ₦6,441,369,617.73 being the total excess charges debited into the company’s account by the bank and interest on the same amount at the rate of 21% per annum from the date of judgement of the court until final liquidation.
However, by its further statement of defence accompanied with statement on oath sworn to by Senior Assistant Manager internal control and Audit Department of Zenith bank, Mr Vincent Ohanugo, and filed before the court,the bank denied almost all the company’s claim and stated that the company was granted the following loans: ₦2.5 billion regular commercial paper , $36million united state Dollars import finance facility, $6,648,000 commercial paper /usance facility $9million Dollars import finance facility via usance facility $11million Dollars short term import facility of ₦500 million.
The bank averred that the plaintiffs authorised zenith Registerar Plc to take steps to purchase the shares of the bank on their behalf and the plaintiffs pledged 3.5million and 17,154,300 units of the shares respectively in favour of the bank and authorised the bank to sell them to recoup part of the credit facilities the bank granted them.
Therefore, the allegation of unethical conduct, lack of competence and professionalism against it by the plaintiffs was made out of malice, confusions and frustration on the part of the plaintiffs.
The bank averred further that there was no understanding entered into by the company and the bank to finance the construction of tank farm for the company.
The plaintiffs’ assertion that they are no longer indebted to the bank is a bare denial and therefore challenges the plaintiffs to provide evidence of payment of all the credit facilities availed to them by the bank.
The bank states that the plaintiffs suit does not disclose any cause of actions against the bank as they are still indebted to the bank in the sum of N8,464,176,356.52 as at 31st of January, 2013.
Therefore, the bank urged the court to dismiss the suit as been frivolous, vexatious,as it amounts to abuse of the process of the Court.
A teenager, Nonso Okereke, was on Wednesday brought before an Igbosere Magistrates’ Court in Lagos for allegedly hacking into a Wema Bank account and stealing N4 million.
Okereke, 19, is standing trial along with one Emeka Onumba, 36, on a two-count charge of conspiracy and stealing.
The defendants, whose residential addresses were not given, however, pleaded not guilty before Magistrate A.O. Alogba.
The Prosecutor, Inspector Ingobo Emby, told the court that the duo committed the offences sometime in January at Wema Bank Plc Headquarters, located at 54, Marina St., Lagos Island.
Emby alleged that the defendants hacked into an account of Wema Bank, fraudulently transfered N4 million into various accounts, and later withdrew the money and shared.
He said that the offences contravened Sections 287 and 411 of the Criminal Law of Lagos State.
The magistrate granted them bail in the sum of N400,000 each with two sureties each in like sum who must have N500,000 in their bank accounts.
He adjourned the case until July 18 for trial.
The Federal Government has collected over N10 trillion from the implementation of the Treasury Single Account (TSA) from 1,674 MDAs.
Office of the Account General of the Federation (OAGF) made this disclosure on Thursday at Peer Review Mechanism of Ministries Departments and Agencies (MDAs) 2019 in Abuja to the Head of Civil Service of the Federation.
The OAGF while making its presentation stated that under TSA, the government has been able to save over N45 billion monthly in interest on Ways and Means that it used to pay before the full implementation of the TSA.
It was also disclosed that N50 billion revenue from funds have so far been mopped from commercial banks as a result of TSA implementation.
Other achievements recorded since TSA became fully operational include the: Elimination of cash handling costs; ability to determine consolidated Federal Government cash position; Significant improvement on Federal Government liquidity position; improved revenue collection mechanism through e-collection; Oversight on government cash and better cash management capabilities; reduction in money supply and cost of managing liquidity and 24/7 online collection and payment systems; TSA has started full implementation of foreign currency component of TSA.
The OAGF also stated that “from available information, the status of the budget implementation in 2017 was 67%.”