Author: David Great

The Oyo State Government has commenced the payment of compensation to property owners whose lands were acquired for the construction of developmental projects in Ajia Inukan Local Council Development Area (LCDA) of Ona Ara Local Government Area. This development was disclosed by the Commissioner for Lands, Housing, and Urban Development, Mr. Williams Akin-Funmilayo, during a meeting with the claimants on Monday. The Commissioner stated that the government has earmarked a sum of Five Hundred and Thirteen Million, Four Hundred and Sixty-Two Thousand, Four Hundred and Forty-Six Naira Fifty Kobo (N513,462,446.50) for the compensation of affected property owners. Akin-Funmilayo highlighted that…

Brighton & Hove Albion have signed forward Georginio Rutter from Championship side Leeds United on a five-year contract, both clubs said on Monday. While the financial details were not disclosed, English media reported the Premier League side had paid a club record transfer fee of £40 million for the 22-year-old Frenchman. Rutter joined Leeds from German side Hoffenheim in 2023 in a then-club record deal worth up to £36 million. He made 66 appearances and scored eight goals over an 18-month spell at the club. Brighton manager Fabian Hurzeler said Rutter would excite the fans. “Georginio is a player who…

The Lagos State Taskforce said it undertook a cleanup exercise along the Mile 2 Oke on the Oshodi-Apapa Expressway. The exercise led to the removal of illegal shanties, roadside vendors, and the confiscation of 2000 litres of petroleum products. This was disclosed in a statement released on Tuesday by the Taskforce’s Director of Press and Public Affairs, Abdulraheem Gbadeyan. Gbadeyan said the exercise was needed to curb the escalating challenges posed by roadside vendors and the proliferation of shanties in the area. He said, “In recent months, the stretch of road along Mile 2 Oke has been plagued by illegal…

Former US President Barack Obama will endorse the presidential bid of his longtime political ally Kamala Harris on Tuesday night in a high-profile speech aimed at boosting her new and untested presidential bid. At 63, Obama is keen to influence his party behind the scenes and maintains a legacy and a voice that loom large in moments of crisis, including during the messy deliberations that ultimately led President Joe Biden to step out of the race and endorse Harris, 59. Nearly eight years after the end of his presidency, Obama remains one of the most popular Democrats in the country,…

The Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira has reached an agreement with the Dangote Petroleum Refinery for the rollout of Premium Motor Spirit, popularly called petrol, in September this year. The Federal Government also disclosed that the sale of crude oil to Dangote Refinery and other local refineries will commence on October 1, 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this during a meeting with the Implementation Committee on Monday in Abuja. According to a post on the official…

Arsenal have rejected a bid of £25m plus add-ons for 23-year-old England striker Eddie Nketiah from Premier League club Nottingham Forest. (Sun) Wolves have submitted a proposal to sign England goalkeeper Aaron Ramsdale on loan from Arsenal with an option to buy next summer. (Athletic – subscription required) Arsenal have reportedly agreed a deal to sign Espanyol 23-year-old Spanish goalkeeper Joan García as replacement for Ramsdale. (Arsenal Insider) Brentford expect England striker Ivan Toney to join Al-Ahli in the Saudi Pro League and are hoping to receive about £50m for the 28-year-old. (Times – subscription required) However, Chelsea could be tempted into making a late move for Toney. (Sun) Chelsea and England forward…

The Lagos Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, August 19, 2024, arraigned one Ayodele Toyosi for an alleged investment fraud before Justice A.M. Lawal of the Lagos State High Court in Ikeja. The defendant was arraigned alongside his companies, Reaprite Global Limited and Agrorite Limited, on an 11-count charge bordering on obtaining by false pretence and stealing to the tune of N600,150,000,00 (Six Hundred Million, One Hundred and Fifty Thousand Naira only) and $50,000.00 (Fifty Thousand United States Dollars). Investigation revealed that the defendant (Ayodele Toyosi) allegedly defrauded a number of persons on the pretence…

Pastor Matthew Ashimolowo, the Global President of Kingsway International Christian Centre (KICC), has disclosed that he lost approximately ₦200 million through investments in Nigerian bank shares. In a recently viral video, Ashimolowo explained that despite investing millions in various banks, the returns were far below expectations. Reflecting on his experience, Ashimolowo recounted a particularly difficult period around 2005 or 2006. He shared that he had borrowed ₦60 million from Sterling Bank to purchase shares in Skye Bank. Unfortunately, the value of these shares plummeted from ₦14 to just ₦2.50, leading to a significant financial loss. Ashimolowo advised Nigerians to consider…

President Bola Tinubu has appointed seven persons to serve as the new management team for the Niger Delta Power Holding Company. The Presidency announced the appointments on Monday in a statement signed by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, titled ‘President Tinubu appoints new management team for the Niger Delta Power Holding Company.’ The new members of the management of the company are Jennifer Adighije as Managing Director/Chief Executive Officer, Abdullahi Kassim as Executive Director (Generation), Bello Bello as Executive Director (Networks) and Emmanuel Umeoji as Executive Director (Corporate Services). Others are Omololu Agoro as Executive Director…

Switzerland goalkeeper Yann Sommer announced his international retirement on Monday at the age of 35, ending a 12-year career with the national team. Sommer made 94 appearances for his country since making his debut in 2012. Sommer helped Switzerland reach the quarter-finals of the European Championship last month, losing to eventual runners-up England on penalties. He also represented Switzerland at Euro 2016 and 2020, as well as the 2018 and 2022 World Cups. Yann Sommer joined Inter Milan last year from Bayern Munich. “After careful consideration, I have decided to end my career as a goalkeeper for the Swiss national…