Thursday, 12 May 2022

‘I stopped wearing pants when I turned 18’ – Nkechi Blessing reveals

Nollywood star actress, Nkechi Blessing Sunday, has responded to her ex-lover, Opeyemi Falegan who accused her of being unhygienic and unable to wash her panties for three days in a row.

Nkechi revealed that Falegan is only trying to stay relevant.

She also said she stopped wearing pants when she turned 18.

She accused Falegan of mistaking her for a 21-year-old girl he once begged for cash and told Falegan to leave her alone as the battle he is trying to fight is a lost one.


READ ALSO: [VIDEO] Nollywood actress Nkechi Blessing says ex-husband ‘manhood doesn’t work’

She advised him to “clean the rat hole” he lives in first before accusing him of being unhygienic.

“Bro, are you dreaming? I’m shocked by this. Very laughable. Same P you forget and wake up in your hands. I can’t stop laughing. You have tried all your best to get people by your side but none seem to work out. Then this mighty lie that a day old child would detect that I don’t wear undies. God has just used your lie to vindicate me.”

Nkechi and ex lover have been at each other’s throats on Instagram since they separated a few weeks ago following irreconcilable differences.


Thursday, 28 April 2022

ICPC grills FMC medical director, Ahmed Adeagbo over N186 million COVID-19 fund

Amedical director of the Federal Medical Centre (FMC), Owo in Ondo State, Ahmed Adeagbo, was grilled by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in Osogbo on Wednesday.

Mr Adeagbo with a female hospital staff, arrived at the ICPC’s office in Osogbo at exactly 11:20 a.m. to answer questions on how N186 million COVID-19 funds and other monies were spent by the hospital management.

The duo were later led to the enforcement room of the commission at 11:35 a.m with a “Ghana-Must-Go” bag, suspected to be filled with documents.

An ICPC official, who spoke on condition of anonymity, said that the medical director was “invited for questioning and to make clarifications on some financial issues at the hospital”.


The official said the commission would continue investigating the allegations levelled against the medical director and his management.

NEWS: Cocaine Deal: NDLEA to confiscate Abba Kyari’s 6 residential houses, plaza housing, 100 shops in Borno

Mr Adeagbo’s appearance at the commission’s office followed a letter dated April 20, addressed to the facility’s medical director, inviting him and the head of finance and accounts to appear before it.

The commission, in the letter, directed him and the head of accounts to show evidence of how over N186 million in COVID-19 intervention fund and other monies were spent by the hospital’s management.

It also asked him to show “evidence of how alleged amount of N186,817, 307 was spent with approvals and relevant documents, establish the purpose of the COVID-19 intervention funds and beneficiaries of the fund.

“Show evidence that staff members, who contracted COVID-19, were paid for or received free items from the intervention funds, treatment benefits to individuals (identity of such staff members, what treatment received.

“Request for salary payslips of resident doctors from 2017 -2021

“Evidence of payments made to pharmaceutical supplies from 2017 till date, evidence of receiptwith payment vouchers.”


WEMA Bank’s N1.7bn fraud – How top executives offer bribe to stop investigation of scam


Saturday, 26 March 2022

N727.9m debt: Court orders immediate seizure of Babatunde Folawiyo’s valuable assets

A federal high court sitting in Lagos has granted an order for the Asset Management Corporation of Nigeria (AMCON) to take over the assets of a Lagos businessman Tijani Babatunde Folawiyo.

The asset seizure was ordered based on Falawiyo’s unpaid debt of N727.9 million.

The order of the court was sequel to an application filed before the court by the law firm of Seun Omotoba, accoding to PM News.

The written address was moved by Amobi Agu, who urged the court to allow the interim forfeiture of Folawiyo’s assets, pending final determination of the suit.

Agu also asked for an order to compel Folawiyo, his agents, servants, and creditors to deliver to AMCON the possession of all his assets, bank accounts, or any other asset wherever located in satisfaction of the Judgment of Justice Ibrahim Buba made on 30 October 2017, with accruing interest.

Other reliefs sought are, “An order compelling the Director-General of the Securities and Exchange Commission of Nigeria (SEC) other subordinates jointly and severally attached to him, and under his authority, control and/or supervision to assist the Applicant in securing and/or preserving the shares listed in the name of the Respondent on the floor of the Nigerian Stock Exchange.

“An order freezing the bank accounts of the respondent maintained with the following banks: Access Bank Plc, Citibank of Nigeria Limited; Diamond Bank Nigeria Plc; Ecobank Nigeria Limited; Enterprise Bank Limited; Fidelity Bank Plc; First Bank of Nigeria Limited, First City Monument Bank Plc, Guaranty Trust Bank Plc, Keystone Bank Limited, Skye Bank Plc, Stanbic IBTC Bank Plc, Standard Chartered Bank Nigeria Plc, Sterling Bank Plc, Union Bank of Nigeria Plc, United Bank for Africa Plc, Wema Bank Plc and Zenith Bank Plc.

“An order granting leave to the Applicant to take interim possession of the property of the respondent at Block 138, plot 13, Tunde Joda Drive, Lekki Phase 1, Lagos State, all of which belongs to the respondent/debtor pending final determination of this suit.”

Justice Lewis Allagoa after listening to the submission granted the orders as prayed. He thereafter adjourned the case till 16 May 2022.

In an affidavit in support of motion papers, it was alleged that Spring Bank offered Companies de Logistic Nigeria Limited, a credit facility of N250 million for the purpose of Duty payment/clearing cost for blue-chip companies; Door-to-door logistics; and finance of confirmed/unconfirmed letters of credit for blue-chip companies based on irrevocable Local purchase orders LPO.

Mr. Tijani Babatunde Folawiyo is a director of Compagnie de Logistic (NIG) limited who was appointed by a valid resolution of the board of directors on 11 September 2000.

The credit facility was granted to the Companies de Logistic Nigeria Limited Company by Spring bank based on the personal guarantee and representation of one of the Directors that cheques would be issued from time to time to fully liquidate the facility through proceeds from LPO domiciled with the bank.

AMCON acquired the Company’s loan from Spring/Enterprise Bank and the outstanding balance as of January 1, 2011, was N292,304,900.00 and the amount has grown to N533,396,381.11

The Companies de Logistic company received the full complement of the sum of N250 million as the approved facility.

The loan agreements between the bank and the company had since expired and sums therein are due for repayment.

By a Writ of Summons dated 14th day of February 2017, in suit number FHC/L/CS/207/17, AMCON commenced an action against Compagnie Generale De Logistique (NIG) Limited and the defendants, claiming N522,464,978.66.

This was the total outstanding debt due and payable to AMCON on a loan advanced to the respondent’s company at 23 percent interest per annum from the date of filing the suit till judgment and thereafter at the rate of 10 percent per annum until final liquidation.

AMCON also filed a Motion on Notice dated the 16th August 2017, praying the Court to enter final Judgment in default of appearance as per its reliefs in the Statement of Claim.

On the 30th October 2017, the Court granted the said reliefs sought by AMCON in the said Motion on Notice and entered Judgment in favor of AMCON against the respondents in the sum of N522,464,978.66 at 23 percent interest per annum from the date the case was filed and till when Judgement will be delivered and thereafter at the rate of 10 percent per annum until final liquidation of the debt.

The Judgment Sum due from Tijani Babatunde Folawiyo to AMCON as of February 2020, was N727, 967,870.03, being the outstanding judgment sum delivered by the Court on the 30th October 2017, when the interest element is applied on the judgment sum.

The said Judgment is still wholly unsatisfied as at the time of filing this suit to the amount stated above.

Read More>>> Newsheadline247

Monday, 7 March 2022

GTCO Releases 2021 Full Year Audited Results, Announces ₦221.5bn Profit Before Tax

GTCO CEO, Agbaje said the Group’s performance reflects the strength of its franchise and underscores its ability to deliver long-term value for its Stakeholders in spite of the challenges in the business environment and shifting economic conditions

Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).

The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing FY 2021 at ₦5.44trillion and ₦883.2billion, respectively. Full Impact Capital Adequacy Ratio (CAR) remained very strong closing at 23.8% while asset quality was sustained with an NPL ratio of 6.0% based on IFRS (6.92% based on CBN Prudential Guidelines) representing a marginal improvement over IFRS 6.4% impaired ratio and a slight increase over FY 2020 6.86% CBN Prudential Guideline NPL ratio. Also, the Cost of Risk improved to 0.5% from 1.2% during the same period.

The Group posted a Profit Before Tax of ₦221.5billion, representing a dip of 7.0% from ₦238.1billion recorded in December 2020. In the same period, the Group’s loan book (net) increased by 8.4% from ₦1.66trillion while deposit liabilities grew by 14.4% from ₦3.61trillion to ₦4.13trillion.

Speaking on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company, Mr. Segun Agbaje, said: “Our performance reflects the strength of our franchise and underscores our ability to deliver long-term value for our Stakeholders in spite of the challenges in the business environment and shifting economic conditions. As a Group, we have continued to explore newer ways to connect with our customers and better our communities by offering greater and more rewarding experiences.”

He further added, “2021 presented a crucial opportunity as we took strategic steps to reorganize our business and advance our position as a leading financial services company. With the recent addition of Pension Fund and Wealth Management businesses to the Group, we are well on our way to rapidly scale our operations and strengthen our foothold in these key industry segments. Our goal is to consolidate our place at the top of Africa’s financial services value chain by leveraging technology to provide end-to-end financial solutions to more people and businesses across Africa.”

In terms of significant performance metrics, the Group maintained a decent showing with post-tax Return on Equity (ROAE) of 20.6%, post-tax Return on Assets (ROAA) of 3.4%, Full Impact Capital Adequacy Ratio (CAR) of 23.8%, and Cost to Income Ratio (CIR) of 42.3%.


Thursday, 3 March 2022

My hero….Emmanuella Marshal celebrates husband at 65

Since their famous wedding ceremony in Abeokuta last year, Fuji music icon, King Wasiu Ayinde Marshal and his wife, Emmanuella Ropo Marshal have been swimming in a deep ocean of love as both lovebirds radiate happiness everywhere they go.

It is not surprising when Mrs Marshal hit the social media platforms a few days ago heralding her husband’s birthday ahead of today, March 3.

Today, the beautiful wife of the fuji music icon, bombarded social media with an avalanche of heartfelt birthday messages and wishes for hubby.

In one of her messages on Facebook, AjikeOkin, as fondly called by her husband who described K1 as her “HERO” disclosed that she had never thought she could be happy this much after having a “perfect man” standing behind her.

READ MORE >>>newsheadline247.com


‘I stopped wearing pants when I turned 18’ – Nkechi Blessing reveals

Nollywood star actress, Nkechi Blessing Sunday, has responded to her ex-lover, Opeyemi Falegan who accused her of being unhygienic and unabl...