Amazon founder and world’s richest person, Jeff Bezos has raked in $13 Billion to his fortune in just 15 minutes, cementing his position as the world’s richest person further.
After an Amazon news release for the fourth quarter revealed that sales went up 21 percent during the holiday quarter on Thursday, the news sent the stock up by about 12% to $2,100 after-hours trading, adding a swift $12.8 billion to Bezos’ fortune in about 15 minutes.
At the current price, the Amazon founder traded places with Bill Gates for the title of the richest person in the World in recent months. He is now worth $128.9 billion, according to the Bloomberg Billionaires Index.
The late surge Thursday also added more than $90 billion to Amazon’s market value, pushing it above $1 trillion.
An Economic and Financial Crimes Commission (EFCC) star witness, on Friday, alleged that Senator Gabriel Suswam, former Governor of Benue State, transferred N3.1 billion into his account.
Mr Abubakar Umar, an Abuja-based Bureau De Change (BDC) operator, told Justice Okon Abang at the Federal High Court, Abuja that the money was transferred through a company, Elixir Investment, in bits into his company, Fanffash Resources at the Zenith Bank.
Suswam and the then Commissioner for Finance in his administration, Omadachi Oklobia, are being prosecuted before the court on N3.1 billion money laundering charges.
They were accused by the EFCC of diverting the money which was said to be part of the proceeds of the sale of some shares of Benue State in a company.
Senator Suswam, a former Governor of Benue State, presently represents Benue North-East Senatorial District.
Some corps members of the National Youth Service Corps (NYSC) serving in Enugu State have expressed joy over the payment of N33,000 new monthly minimum wage by the Federal Government.
The corps members, who have been expectant, expressed their happiness in Enugu on Friday.
Some of the corps members said it was a shock when they started receiving the credit alert about 2a.m on Friday.
The respondents expressed their joy over the payment, noting that the payment was a New Year package from the Federal Government.
One of the corps members, Mr. Joseph Odichi, said it was like a dream when he got a call about 3 am from a fellow corps member about the payment.
“We are really grateful for this administration, especially President Muhammadu Buhari for fulfilling its promise at this crucial stage of the year. In fact, this is another Good Friday for us.
“We also thank the Director-General of the NYSC, Brig Gen. Ibrahim Shuaibu, for making it possible after confirming the implementation few weeks ago,” he said.
The corps members also pleaded with the D-G for the payment of the arrears, noting that it would go a long way in helping, most especially the Batch A corps members that would be passing out in less than two months.
Another corps member, Miss Arowosegbe Busayo, said she still could not believe it but thanked the administration of President Muhammadu Buhari for the kind gesture.
“We have been expecting to receive this N33,000 since April last year but we thank God that finally, it has been paid.
“Most of us could not sleep after the breaking news about 2 am even though some banks are yet to pay,” she said.
Miss Divine Umoh, also a corps member, said that it was too good to be true when she heard the news in the early hours of Friday.
“Government failed us in the past with their promises but this issue of minimum wage has changed my perception.
“We pray that things will get better in 2020 because people are really suffering and we urge the Federal Government to look into our arrears payment,” she said.
Another corps member, Tosin Omoloyin, jokingly asked for extension of his service by six months.
The Senate, on Thursday, confirmed the appointment of Dr. Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria (CBN), following the adoption of the report of the Committee on Banking, Insurance and Other Financial Institutions that screened Obiora on Wednesday.
When the President of the Senate, Ahmed Lawan, put the question to vote after a consideration of the report of the Committee, it was unanimously carried by the senators.
Thus, with the unanimous vote, Obiora is set to assume duty upon the retirement of Dr. Okwu Joseph Nnanna on February 2, 2020.
It will be recalled Obiora was grilled by the Senate Committee on Banking, Insurance and Other Financial Institutions on Wednesday, during which he shared his thoughts on various economic and financial issues raised by the Senate Committee.
President Muhammadu Buhari had in a letter to the Senate on January 16, 2020, nominated Dr Kingsley Isitua Obiora as a Deputy Governor of the Central Bank of Nigeria.
Born 43 years ago, Obiora holds a Bachelor’s degree in Economics and Statistics from the University of Benin, a Masters degree in Economics from the University of Ibadan and a doctorate degree in Monetary and International Economics also from the University of Ibadan.
…Attracts zero charge on all transactions
Pan-African financial institution, United Bank for Africa (UBA) Plc, has revamped its NextGen account which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), with added features and benefits.
NextGen is a suit of personal accounts designed to meet the needs of young persons, grooming and growing with them from teenage years to adulthood. The bank takes up an additional role of mentorship these young ones and assists with tips towards guiding their future. The added benefits would confer premium services to the young account holders.
UBA, which operates in 20 African countries, introduced NextGen Account to encourage active savings among young people and teach them to manage their money effectively while enjoying world-class services that suite their lifestyles
Jude Anele, Group Head, Retail Banking, UBA said the importance of inculcating in young people the culture of saving and being finance-wise cannot be overemphasized, hence the importance the bank attached to the account.
“The NextGen Account is our way of putting students in charge of their money so they can do more, especially at this critical stage of their lives with an account that comes free of fees,” Anele said.
“The new NextGen Account opens students and NYSC members up to several benefits and opportunities, including multiple digital channels that makes banking just another fun thing to do on their mobile phones,” the Retail Banking head added.
As a plus, the NextGen Account holders stand to win pocket money, complimentary invites to prime events and enjoy zero charge on all transactions.
Group Head of Marketing Dupe Olusola, who also spoke about the revamped NextGen Account disclosed that NextGen which the bank says is more than just an account, will partner with DRBLasGidi, a three-member group to ignite the interest of young people in the offering.
“DRB LasGidi have proven to be culture shapers, pioneering the popular Alté (meaning alternative) movement, which promotes self-confidence and encourages young people to embrace their individuality.
“As the face of the Alté subculture in Nigeria, DRB LasGidi is a perfect representation of the NextGen lifestyle of self-confidence and uniqueness,” Olusola said.
Bolaji Ojodukan popularly known as BOJ, who spoke on behalf of DRB LasGidi, expressed excitement at the partnership.
“Like most young people today, we were just being ourselves. But now, we have a movement and now our own bank; the Alté Bank of Africa,” BOJ said.
To open a NextGen Account, https://www.ubagroup.com/nextgen-account/ .
To become a Campus Ambassador, visit https://www.ubagroup.com/campus-ambassadors/.
Also watch video here: https://youtu.be/C6QdAqPh10M
Enjoy GOtv moments with your loved ones all through the month of February with entertaining programs fit for the whole family. This month features football from the biggest leagues including the Premier League, La Liga and Serie A; wholesome local shows and movies on Africa Magic and ROK; and top international movies on TNT and M-Net Movies Zone. Lovers of Bollywood are in for a treat this month as Zee World, your destination for local Indian content, presents new series and new seasons of your favorite shows. The kids are also not left out as they get to follow the adventures of their beloved characters on channels such as Cartoon Network, Jim Jam and Nickelodeon.
Here’s your guide to what’s hot this weekend:
A fierce football rivalry will be rekindled on Saturday, 1 February in La Liga when Real Madrid and Atletico Madrid clash in the Madrid Derby at Estadio Santiago Bernabéu live on GOtv. The game, which will be the 166th encounter between both teams in La Liga, will be broadcast live on Saturday on SuperSport Select 4 (channel 34) at 4pm exclusive to GOtv Max subscribers. Also showing on Saturday, is the Premier League match between Liverpool and Southampton. Watch it live on SuperSport Select 2 (channel 32) at 4pm.
Our Sunday movie pick on M-Net Movies Zone (channel 3) is the Hollywood romcom, And So It Goes, starring Oscar winners Michael Douglas and Diane Keaton. A self-absorbed man enlists the help of his neighbour when his estranged son drops off his granddaughter. Grab your bag of popcorn and watch this movie on Sunday, 2 February at 5pm.
When multiple marriages are arranged for one person, it tends to get dangerous and competitive. Catch the next episode of the brand-new series Ring Of Fire on Zee World (channel 25) Weekdays at 8pm.
Nightly pop S2 on E! Entertainment (channel 26) serves the wildest takedown of pop culture’s juiciest stories, unfiltered, unexpected and always outrageous. Keep up with all the juiciest stories all month long Tuesdays to Fridays at 8pm.
Fifi and The Flowertots on Jim Jam (channel 61): The brand-new series follows Fifi and her amazing group of little Flowertot friends as they go about their everyday lives filled with endless possibilities in Flowertot garden. It starts Saturday, 1st February at 6:50pm
Lovers of Nollywood, this one’s for you. Watch the movie Jon Ajai on ROK 2 (channel 17) Sunday, 2 February at 8pm. A young man is sentenced to 21 years imprisonment after drunk driving and killing two teenagers in the process. He is forced to continue his life behind bars. Sunday, 2nd February at 8pm.
Don’t miss out on the quality programming on GOtv this month. Follow GOtv on Twitter, Instagram and Facebook for more. And with the GOtv Step Up offer, you get enjoy content on a higher package when you renew your subscription. Visit www.gotvafrica.com or download the MyGOtv app from your iOS and Android store to find out more.
For 11 seasons, Access Bank’s DiamondXtra has touched thousands of lives in the six geopolitical zones of Nigeria, giving customers “Xtra” value that has changed millions of lives.
DiamondXtra targeted weekly draws focused on clusters and groups of 100 members, while the monthly draws and quarterly draws targeted millions of customers for the chance to win salary for life, education grant for 5 years and rent for a year.
As at the last decade, it has given out over N5 billion in prizes to over 20,000 beneficiaries, last year alone it gave over 4000 beneficiaries. The impact of rewarding 20,000 plus households is extensive as parents are able to meet their family needs of school fees and rent just by saving N5,000, small business owners have a much needed injection of funds into their businesses which means they can employ more people and the testimonies go on.
This over a decade legacy is what United Bank for Africa, UBA is up against. On Tuesday, UBA launched its ‘UBA Bumper Account’, a hybrid account, targeted at transforming the lives of its customers by encouraging saving cultures among Nigerians just as Access Bank DiamondXtra has been doing for over a decade.
To partake in the UBA Bumper Account draw, you must ensure that you have a minimum deposit of N5,000 in your UBA Bumper Account to qualify same as the over a decade old DiamondXtra.
Just like with DiamondXtra new customers can create an Account without stepping into the bank hall by dialing codes that will create your account.
The fact is, the two products are like identical twins but the question you must ask yourself is, which do you rather go for, the new baby or the mother ? The tried and tested or the newbie? Whatever the case Nigerians are in for a treat this year as Diamond Xtra season 12 from Access bank is loading with even more amazing offers for customers across the country.
Shehu Sani, a former senator, has regained freedom after spending 30 days in ustody of the Economic and Financial Crimes Commission (EFCC).
Sani was arrested on December 31, 2019, and subsequently arraigned on two counts of bribery at a federal high court in Abuja.
The EFCC accused the former senator of extorting $15,000 from one Sani Dauda in November 20, 2019, promising to give it to Ibrahim Muhammad, chief justice of Nigeria, to influence some pending cases in court.
He was also alleged to have collected another $10,000 from Dauda to bribe Ibrahim Magu, acting chairman of the EFCC.
He has since denied all the allegations.
Inyang Ekwo, the trial judge, granted a N10 million bail to Sani, ordering him to produce one surety who has landed property that is worth the bail sum.
Sani was released on Friday evening after meeting the bail conditions.
A new study has shown that smokers whose lung cells have been damaged could be healed ‘magically’ if they can quit smoking.
According to the study published in the Nature journal on Wednesday, healthy cells in the lungs are capable of repairing the badly affected ones should smokers part way with smoking.
To arrive at the findings, the study used lung biopsies from 16 people, including current smokers, ex-smokers, adults who had never smoked and children, looking for the mutations that can lead to cancer.
The results showed that while majority of cells in smokers are often mutated by tobacco, few of them– exist in a nuclear bunker — can repair the damaged ones.
The study showed up to 40 percent of cells of smokers who quit smoking end up looking healthy as though they have never come in contact with tobacco.
Rachel Orritt from Cancer Research UK said the study results could be a huge motivation for smokers, who appeared to be struggling to quit smoking for years.
“It’s a really motivating idea that people who stop smoking might reap the benefits twice over – by preventing more tobacco-related damage to lung cells, and by giving their lungs the chance to balance out some of the existing damage with healthier cells,” she said.
Peter Campbell, from the Sanger Institute, also commended the novelty of the research, noting its findings came out of the blue to many people.
“We were totally unprepared for the finding,” he told BBC. “There is a population of cells that, kind of, magically replenish the lining of the airways.
“One of the remarkable things was patients who had quit, even after 40 years of smoking, had regeneration of cells that were totally unscathed by the exposure to tobacco.”
The new study further corroborates with findings of previous studies which revealed smokers significantly reduced their chances of having lung cancer the day they quit smoking. (The Cable)
A High Court of the Federal Capital Territory (FCT) in Gwagwalada, Abuja, has ordered the arrest of a former Minister of Petroleum Resources, Dauzia Loya (Dan) Etete, and two others.
Also to be arrested are Munamuna Seidougha and Amaran Joseph.
Justice Abubakar Kutigi gave the orders on Thursday in a ruling on an ex-parte motion by the Economic and Financial Crimes Commission (EFCC).
Justice Kutigi said: “I have carefully gone through the application…The application has merit and is granted as prayed.”
The EFCC said the three are wanted in relation to a pending charge linking them with the $1.09 billion Malabu Oil Block (OPL 245) Settlement Agreement.
While moving the motion, EFCC lawyer, Bala Sanga, told the court that the ex-parte application was filed on January 28 and supported with an eight-paragraph affidavit deposed to by one Ibrahim Ahmed and attached with one exhibit.
Sanga explained: “The kernel of the ex-parte application is that names of the respondents in the criminal charge CR/151/2020 were mentioned in count 14-42 of the charge and where indicated to be at large.”
He added that in order for the respondents to be brought before the court to enter their pleas, “We will be requesting for an order of warrant for their arrest”.
“Intelligence suggest they reside in France and occasionally at some African countries and to be able to get the support of the international police, the warrant of arrest would be needed,” Sanga said.
The EFCC alleged, in court documents, that Rasky Gbinigie (who is currently on trial before the court), Munamuna Seidougha (at large), Amaran Joseph sometime in 2013, in Abuja “dishonestly used as genuine the forged form CAC 7 and Board Resolution of Malabu Oil and Gas Limited and the letter of resignation of one Mohammed Sani, which they then knew to be forged documents, to open a bank account No. 2018288005 to receive $401,540,000.00 .
It also said Rasky Gbinigie, Munamuna Seidougha (at large), Amaran Joseph (at large) and Dauzia Loya Etete (at large), sometime in 2013, in Abuja, “dishonestly used as genuine the forged form CAC 7 and Board Resolution of Malabu Oil and Gas Limited and the letter of resignation of one Mohammed Sani, which they then knew to be forged, documents to open a Bank Account No. 3610042472 to receive $400,540,000.00.
In an affidavit it filed with the ex-parte motion, the EFCC stated the Etete, Seidougha and Joseph “are part of the brains behind Malabu Oil and Gas Limited.
“Malabu Oil and Gas Limited are defendants in the current Charge No: CR/151/2020 and facing multiple counts of charges for forgery and use of forged documents.
“As part of the directing minds of Malabu Oil and Gas Limited, they (Etete, Seidougha and Joseph) should stand trial and answer to charges of influencing and aiding the companies to breach extant criminal laws.
“Part of the requirements for the arrest and extradition of the respondents from Europe or indeed from any part of the world is the issuance of a warrant of arrest by this honourable court. It will serve the interest of justice to grant this application.”