by on May 6, 2020
A hair salon owner in Texas was ordered to spend a week in jail after she continued to operate her business despite restrictions put in place because of the coronavirus pandemic. Shelley Luther was booked in the Dallas County jail on Tuesday afternoon following a video hearing, during which she was found in contempt of court. The hearing occurred as Gov. Greg Abbott relaxed more restrictions statewide, allowing barbershops and hair salons to reopen Friday. ...
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by on April 26, 2020
Kanye West is officially a billionaire, according to Forbes. The magazine says the rapper and fashion designer, who has long coveted the status, gave it a glimpse into his personal finances, which led it to value his net worth at $1.3bn (£1.04bn). That includes his stake in the Yeezy trainer line, which Forbes describes as “one of the great retail stories of the century”, worth $1.26bn (£1.0bn). Added to that, Forbes said the statement of assets supplied to them by West’s team lists $17m ...
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by on February 25, 2020
With a profit after tax (PAT) of N209 billion in its recently released financial results for the year ended December 31, 2019, up from the N193 billion recorded the previous year, Zenith Bank has become the first Nigerian Bank to cross the N200 billion mark. AriseTV Analyst, Mr. Chika Mbonu, stressed this while analysing the company’s performance on the ‘Global Business Report,’ yesterday. Mbonu, who is a former bank chief executive and presently Managing Director, KSBC Advisory Partners L...
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by on November 22, 2019
Allen Ifechukwu Athan Onyema, the Chairman, CEO, and founder of Air Peace, a Nigerian airline, has been charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplanes.  The international airline’s Chief of Administration and Finance, Ejiroghene Eghagha, has also been charged with bank fraud and committing aggravated identity theft in connection with the scheme....
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by on November 9, 2019
Twitter CEO and Co-founder, Jack Dorsey, is currently in Nigeria. Mr. Dorsey arrived on Thursday evening as part of his listening and learning tour across Africa. After Nigeria, Mr Dorsey is also set to visit Ethiopia, Ghana and South Africa. ...
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by on September 29, 2019
The Nigerian Government has deactivated over 2.2 million improperly registered mobile telephone lines in the country. The Deputy Director/Head of Information, Press and PR Unit, at the Federal Ministry of Communications, Mrs Philomena Oshodin, disclosed this in a statement on Saturday. She explained that the Nigeria Communications Commission (NCC) blocked the lines following the directive of the Minister of Communications, Dr Isa Pantami. Oshodin said the minister had ordered the NCC to ensur...
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by on September 22, 2019
The Central Bank of Nigeria has directed the strict implementation of Merchant Service Charge, which would impose more charges on all point of sale (PoS) transactions. This is coming few days after the apex bank announced new charges on withdrawal and deposit of funds above N500,000. The directive on the 'Unbundling of Merchant Settlement Amounts' was contained in the CBN circular to banks, processors and switches, titled: 'Review of Process for Merchants Collections on Electronic Transaction...
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by on August 23, 2019
A Nigerian man has been sentenced to four years in prison for defrauding the United States government up to $8.3 million Medicare charges. Ayodeji Fatunmbi was found guilty in a jury trial on July 31, 2014, but was only sentenced to 46 months in prison on August 19, 2019, according to the U.S. Department of Justice.  He was extradited to the U.S. in October 2018 based on the ruling of the Federal High Court. Mr Fatunmbi, 47, was found guilty on one count of conspiracy to commit health care...
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by on August 16, 2019
A British judge has ordered the Nigerian government to pay $9bn in assets to a small private company. The firm, P&ID, had reached a deal with the Nigerian government in 2010 to build a natural gas plant - but the deal fell through two years later. P&ID then sued the government for failing to provide the gas or install the pipelines it had promised to build. The firm was first awarded $6.6bn (£5.4bn) in 2017, but the London court has now added $2.4bn in interest. According to the firm's web...
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by on August 3, 2019
Twenty people were killed, and more than two dozen were injured in a mass shooting at an El Paso shopping center on Saturday, according to Texas and local authorities. "Lives were taken who should still be with us today," Gov. Greg Abbott said at a news conference near the Walmart and an adjacent shopping mall. Twenty-six people were injured, according to El Paso Police Chief Greg Allen. "The ages and genders of all these people injured and killed are numerous in the age groups," Allen said. "Th...
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by on August 1, 2019
A taxi driver named Olayinka Adeniy returned 2,400 US Dallars that was left or forgetten by a passenger at the Murtala Muhammed International Airport Lagos. The taxi driver operates under the Airport Car Hire Association of Nigeria. Adeniyi told newsmen on Wednesday that he discovered the items in an envelope at the back seat of the car he was driving on July 29. This was shortly after he returned from Ibese in Ikorodu where he dropped a passenger. The cab driver said he never had it in mind ...
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by on July 7, 2019
Florida-based billionaire Jeffrey Epstein has been indicted on new charges related to alleged sex crimes involving minors, law enforcement sources told CNN on Saturday. Epstein was arrested Saturday and is expected to appear in federal court in New York on Monday. Epstein faces charges brought by US prosecutors in Manhattan, after previously evading similar charges when he secured a non-prosecution deal with federal prosecutors in Miami. The charges, contained in a sealed indictment, involve ...
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