Author: Elizabeth Jenrola Oso

….Unless she pays $9bn before execution A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multibillion-dollar fraud case — but said her life could still be spared if she paid back three quarters of the assets she embezzled. Property developer Truong My Lan, 68, was convicted this year of swindling money from Saigon Commercial Bank (SCB) — which prosecutors said she controlled — and sentenced to death for fraud totaling $27 billion. She appealed the verdict in a month-long trial, but on Tuesday the court in Ho Chi Minh City determined that there was “no…

President-elect Donald Trump is pledging to block Japan’s Nippon Steel from buying U.S. Steel, a $14.9 billion deal announced a year ago that is now under review for its potential impact on U.S. national security. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump wrote on Truth Social late Monday. “Through a series of Tax Incentives and Tariffs, we will make U.S. Steel Strong and Great Again, and it will happen FAST!” He added, “As President, I will block this deal from happening. Buyer…

The House of Representatives has asked the Central Bank of Nigeria (CBN) to suspend the planned retirement of 1,000 staff. The apex bank is said to be preparing to retire 1,000 officials and provide them with a severance package totaling over N50 billion. During Tuesday’s plenary, the house resolved to set up an ad hoc committee to investigate the “process and legality” of the exercise to “ensure transparency, accountability, and proper utilization of funds.” The lower legislative chamber passed the resolution following the adoption of a motion of urgent public importance sponsored by Kama Nkemkama from Ebonyi state. Nkemkama said…

South Korean President Yoon Suk Yeol on Tuesday declared martial law in an unannounced broadcast live on YTN television, claiming he would eradicate “shameless pro-North Korean anti-state forces.” He did not cite any specific threat from the nuclear-armed North, however, instead focusing on his domestic political opponents. The surprise move sent shockwaves through the country, which had a series of authoritarian leaders early in its history but has been considered democratic since the 1980s. The Korean won was down sharply against the U.S. dollar. The White House did not immediately respond to a request for comment. Yoon said he had…

Operatives of the Zone 2 Command in Lagos have arrested Paul Ilechukwu Okeke, a 48-year-old sales manager, for allegedly misappropriating spare parts worth ₦100 million belonging to his employer, Anthony Ohinweuba. Okeke, who managed a shop at the Trade Fair Complex along the Lagos-Badagry Expressway, is accused of selling the spare parts and diverting the proceeds instead of depositing them into his employer’s account. The alleged fraud came to light during a stock audit conducted by the complainant, prompting a petition to the Assistant Inspector General of Police (AIG) in charge of Zone 2 Command, Adegoke Fayoade. Acting on the…

The mother of Sylvester Oromoni, the deceased pre-teen secondary school student who was the subject of a high-profile bullying case involving Dowen College in Lagos, Rosemary is dead. According to a Cable report, family source said the bereaved mother passed away in late November after an intermittent blood pressure-related illness. Rosemary’s passing comes a little over seven months after a special court in Lagos ruled against the family on the matter back in April. Sylvester Oromoni controversially died on November 30, 2021, while still a student at Dowen College in Lekki Lagos. His parents alleged that the boy, who was…

The Nigeria Sex Workers Association (NSWA) has appealed to law enforcement agencies to protect its members nationwide from harassment and abuse. NSWA made the appeal in a statement by its National Coordinator, Amaka Enemo, and made available to the News Agency of Nigeria on Tuesday in Lagos. Enemo said that recent reports indicate a disturbing rise in physical assaults, harassment and extortion of sex workers by both clients and law enforcement officials. She urged law enforcement agencies to recognise the humanity of sex workers and protect them from violence and abuse. Enemo said that sex workers were not criminals, but…

Gunmen have shot dead a man less than 24 hours to his wedding in Ihiala Local Government Area of Anambra State. The victim, identified simply as Bright, was in his early 30s. According to reports, Bright had gone to pick up his fiancée, Chinwendu in Ihiala town, accompanied by his best man and the chief bridesmaid, when the tragedy occurred. It was learned that Bright, his fiancée and two others were returning to the Uli community in the same Ihiala Local Government Area when the gunmen struck, shooting Bright dead. Bright’s younger brother said: “Bright was carrying one of the…

A 10-year-old London schoolboy, Krish Arora has been discovered to possess an IQ of 162, greater than that of the legendary theoretical physicist, Albert Einstein. By age four, Krish, from Hounslow, could read fluently and do complex decimal division – although he still reportedly loves playing games and hanging out with his friends. His parents, Mauli and Nischal, are said to possess engineering degrees – Krish’s mum admits her son can beat them at almost anything now. “He was doing things very early on which kids of his age would not do. “He was reading very early, so when he…

delectable actress and comedian, Wofai Fada has announced the arrival of a baby girl with her husband, Taiwo Cole. In an Instagram post on Saturday, the actress, who has faced scrutiny from her husband’s family over their relationship, shared pictures of the baby, prompting congratulatory messages from her associates and followers alike. Fada expressed gratitude to Almighty God for the arrival of the “precious gift,” describing the moment as joyous. She also revealed the baby’s name as Ifedayo Konaghai Cole. She wrote, “We are forever grateful to God for this precious gift. Our princess is here. My joy is complete.”