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Dangote named in Forbes world’s top ten black billionaires [See full list]

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Africa’s richest man, Aliko Dangote has been named by Forbe as one of the top ten black billionaires in the world.

Dangote, who was not the only Nigerian to make the list, was placed on 1st position.

See Forbes world’s top ten the black billionaires:

1. Aliko Dangote: $12,2 billion. Dangote is the undisputed richest person in Africa, he also happens to be the richest black person in the world. He founded the Dangote Group 35 years ago and still serves as its CEO and president. The vast majority of his wealth is derived from Dangote Cement. Dangote is an active philanthropist and focuses his charity work on education, agriculture and health.

2. Mohammed Al Amoudi: $8,4 million Al Amoudi moved from Ethiopia to Saudi Arabia when he was 19. He made his fortune through government contracts and real estate development. He has since diversified into oil, agriculture and mining with interests across the globe.

3. Mike Adenuga: $6,1 billion Adenuga made his fortune in telecoms and oil. He currently serves as the chairman of Globacom which has 36 million clients. Adenuga owns a majority stake in Nigerian oil company Conoil. He drove a taxi while he studied towards his MBA.

4. Isabel Dos Santos: $3,1 billion Dos Santos is the richest black woman on the planet and at 44 the youngest person on the list. She is the daughter of Angolan president Juan Eduardo Dos Santos. She made her fortune through investments, some of which have been linked to her father.

5. Oprah Winfrey: $3 billion Oprah is the only African-American woman on the list. She overcame a tough childhood (often living without electricity or running water) to become a media mogul. Oprah has never been shy when it comes to helping the less fortunate and founded the Oprah Winfrey Leadership Academy in South Africa.

6. Robert Smith: N9b Smith worked at Goldman Sachs for many years, he left to start his own company in 2000. Since then Vista Equity Partners the private equity firm he founded has done well-enough to propel him into the billionaire’s list. Smith has also signed the Giving Pledge

7. Patrice Motsepe: N6.6b Reortedly the first African billionaire. Motsepe is the brother-in-law to the acting president of South Africa, Cyril Ramaphosa. He is a founding member of mining company African Rainbow Minerals. In recent years Motsepe has pledged to give away half his fortune by signing the Giving Pledge by Bill Gates.

8. Folorunsho Alakija: N4.9b Alakija is the vice chairperson of Nigerian oil giant Famfa Oil. She made her initial fortune as the founder of an elite fashion brand in Nigeria before diversifying her interests into the lucrative Nigerian oil market.

9. Michael Jordan: N4.6b Jordan is a legend of basketball and is one of the most recognisable faces on the planet. He made most of his fortune through endorsement deals and has since his retirement bought a stake in the Charlotte Hornets, a basketball team.

10. Mohammed Ibrahim: N4.4b Ibrahim was born in Sudan and built his fortune hrough telecommunications. He officially entered the list when sold Celtel International in 2005. Since the sale, he has devoted his life to improving the lives of Africans.

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Why we don’t pay workers salaries regularly – Kogi Govt

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The Kogi State Government says huge loan servicing is responsible for its inability to pay the salaries of its workers regularly.
Kingsley Fanwo, the state Director-General, Media and Publicity, made this known in an interview with the News Agency of Nigeria (NAN) on Sunday in Lokoja.
Mr Fanwo said that the loans were taken by the two previous administrations for projects that did not add value to the state.
“Sometimes, we repay between N400 million and N500 million monthly as loans that add no value to the state.
“These loans were taken by the last two administrations and some of them were invested on projects that were never completed.
“When you go out, you will see Kogi Hotels, billions of naira was collected for that project and it was not completed, and it is not adding any value to the state.
“Also, the Kogi House in Abuja has gulped billions of naira, yet, it is not completed, not adding any value to the state,’’ he said.
The DG said the previous administrations collected N200 million from the Central Bank of Nigeria (CBN) for Small and Medium Scale Enterprises (SMEs) development, which was not used for the purpose intended.
According to him, rather than using the money for SMEs development, some people just shared the money.
“There is no record of anybody given loan and now we are repaying. So all of these have taken its toll on the resources and finances of the state’’
He said despite the poor resources accruing to the state, the government still strive to pay workers’ salaries.
“We cannot shy away from the fact that the resources that is coming to the state now has dwindled due to the loans we are repaying.
“It is increasingly difficult to muster enough resources to pay salaries regularly.
“As I speak with you, we are still owing March and April salaries,’’ Mr Fanwo said.
He said despite the dwindling resources of the state, the government will remain committed in the payment of salaries even if not as when due.
“When you do a comparative analysis of wages in the North Central geo political zone, Kogi pays the highest and despite that, we have been very faithful,’’ Mr Fanwo said.
He denied allegations that workers were being owed 24 months salary.
He said those peddling the falsehood were the people that benefited from the rot in the state in the past.
On bailout funds received from the federal government, Mr Fanwo said that they were used to pay workers’ salaries.
He, however, noted that the bailout funds were not free gifts.
“The bailout funds were not gifts from the federal government, it was more or less a loan, so you have to prioritise what you use your bailout funds for.
“So, we used it basically for salaries and we were the only state in the federation that published how we used that bailout funds.
“Transparency and accountability are the hallmarks of this administration,’’ he said.

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BREAKING: CJN Panel submits report, identifies reasons for slow pace of corruption cases in courts

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The Corruption and Financial Crime Cases Trial Monitoring Committee (COTRIMCO) has identified poor prosecution, absence of counsel for parties in Court, reliance on irrelevant documentary evidence, multiplicity of charges, non-adherence to Court rules and procedures, retirement and transfer of Judges, re-assignment of cases to start de-novo, amendment of charges after commencement of trial, and cumbersome record transmission process to the Court of Appeal amongst others as some of the factors militating against speedy disposal of corruption cases.
These facts are contained in the interim Report presented by the Chairman of the Committee, Hon. Justice Suleiman Galadima, (Rtd) CFR, at the 86th Meeting of the National Judicial Council.
The Committee distilled the issues from its findings from discussions with Heads of Courts and observations made from the surprise visits of the Members to Courts handling corruption and financial crime cases in some parts of Country.
POOR PROSECUTION:
On the part of the prosecution, the Committee observed the following:-
• that offenders are charged to Court before proper investigations of the charges are done, and afterwards, expecting the Court to detain such alleged offenders till conclusion of their investigation;
• inadequate prosecuting personnel at the prosecution Agencies;
• that some prosecutors lack the requisite experience to prosecute corruption cases, which invariably leads to poor handling of such cases;
• lack of commitment on the part of some prosecutors and collusion between them and defence counsel to pervert justice either by stalling the trials of cases or achieving pre-determined results;
• that there is no threshold to the number of witnesses the prosecution calls;
• inadequate funding of prosecution Agencies to carry out thorough investigation of the corruption cases with attendant low quality prosecution cases; and
• frequent requests for adjournment by the Prosecutors.
DUPLICATION OF CHARGES:
The Committee submitted that the prosecution in most cases duplicate charges which could be up to 170 against a Defendant, but at the end, are unable to substantiate them, leading to the discharge of such Defendant.
MULTIPLICITY OF CASES:
The Committee also observed the issue of multiplicity of cases involving the same Defendants, and on similar subject matters going on in different Courts at the same time. This particular factor makes it impossible for some trials to proceed. In spite of the fact that the Administration of Criminal Justice Act (ACJA) 2015, provides for day-to-day trials of Criminal Cases, a Defendant who is undergoing trial in other Courts is always unavailable for trial.
ABSENCE OF PARTIES IN COURT:
This is a major factor delaying criminal justice administration as cases are mostly adjourned when parties are absent in Court.
EXTRA JUDICIAL STATEMENT:
Where the defence challenges the voluntariness of a confessional statement, the Judge has to order a trial-within-trial to determine the voluntariness of the confession, thereby causing delay.
DOCUMENARY EVIDENCE:
The Committee submitted that both the defence and prosecution are often culpable by relying on irrelevant evidence they would not necessarily use thereby causing unnecessary delay.
COURT:
On the part of the Court, the Committee identified the following as contributing to the delay in quick dispensation of corruption cases:
• retirement\transfer of Judges handling such cases. When this happens, such cases which may have gone far are re-assigned to another Judge to start de-novo;
• granting of remand order by a Court without following up to ensure suspects are brought to Court;
• inadequate provision for proper record keeping and shelving of Court files and other relevant documents in some Courts;
• cumbersome process of transmission of records from trial Courts which impedes the early disposal of appeals; and
• difficulties associated with ascertaining addresses for service of process by Bailiffs
PRISON:
Prison on its part contributes to the delay by failing to remind Court of subsisting order to reproduce suspects in Court and most times lack means to convey awaiting trials to the law Court.
RECOMMENDATIONS:
For the speedy trial of corruption cases, the Committee recommends the following:-
• importance of proper training for prosecution in the area of investigation, especially in the area of Administration of Criminal Justice Act (ACJA) 2015;
• need for prosecuting Agencies to have competent prosecution departments manned by qualified personnel;
• synergy between the various prosecution Agencies to enhance proper prosecution of criminal cases;
• use of professionals, such as accountants, auditors, etc, to investigate high profile and complicated cases;
• need for training and re-training of staff of Court handling criminal cases;
• need to provide Judicial Officers with a Legal\Research Assistant to make their work easier.
• proper funding for the Judiciary and prosecuting Agencies;
• deployment of more Judges to handle designated corruption cases;
• complete overhaul of both physical and technical infrastructures in designated Courts as some of them are small and not well ventilated; and
• need to come up with Practise Directions for corruption cases trial to cure anomalies in the trial of the cases.
The Committee will continue to monitor corruption and criminal cases all over the country and to meet with stakeholders on the way forward.
Soji Oye, Esq
Director, Information

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Nigerian Newspapers: 10 things you need to know this Sunday morning

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Good morning! Here is today’s summary from
Nigerian Newspapers
1. Party stakeholders and delegates escaped attack on Saturday as the Enugu State Congress of the All Progressives Congress, APC, ended in a fiasco.
Reports said that accreditation of delegates were underway when some thugs stormed the Nnamdi Azikiwe Stadium, venue of the congress and chased party members and leader, including, former Senate President, Chief Ken Nnamani, ex Governor of Enugu State, Barr. Sullivan Chime, national vice chairman of the party, Mr. Emma Eneukwu and the congress committee members.
2. The former Deputy Governor of Osun State, Senator Iyiola Omisore on Saturday announced his exit from the Peoples Democratic Party (PDP) and formally declared for Social Democratic Party (SDP).
Omisore, in a statement gave a vivid historical allusion to his political career since 1999, saying his new political move would remain irrevocable and irreversible.
3. A faction of the All Progressives Congress (APC) in Imo State Saturday went ahead to conduct the state congress of the party on Saturday despite an order by the Federal High Court in Owerri stopping the exercise.
But in order to beat the police security, APC members, who are not in tandem with Governor Rochas Okorocha, conducted the state congress at an undisclosed venue.
4. The Minister of Works, Power and Housing, Mr Babatunde Fashola, has said that the Federal Government has put in place workable funding mechanism, to ensure the Second Niger Bridge is completed.
The former Lagos Governor said the modified tax credit policy, the Sukuk Intervention Fund and the Presidential Infrastructural Fund, among others, were aimed at funding infrastructure projects that would make the country globally competitive.
5. Spokesman for the All Progressives Congress (APC), Bolaji Abdullahi, has said the party will not recognize any parallel state congress, organised by any factional group of the party in the country.
He noted that the National Working Committee of the party, would only acknowledge the congresses conducted by the committees set up by the national leadership of the party.
6. At least 19 members of the Joint Health Sector Union (JOHESU) were involved in an accident along the Benin-Auchi road on Saturday.
They were believed to be staff of the University of Benin Teaching Hospital (UBTH) chapter of the union on their way to a function in Auchi, when the accident occurred.
7. At least, six persons, including two teachers of the Makurdi Local Government Education Authority, were reportedly killed by Fulani herdsmen near Ikpayongo, Gwer Local Government Area of Benue State during the weekend.
It was gathered that the victims were among the 10 persons who had gone to assess farmland for rice cultivation under the umbrella of a cooperative society, but were ambushed by suspected herdsmen.
8. The Nigerian Army says it neutralised two female suicide bombers, who attempted to infiltrate troops in Kawuri, in Konduga Local Government Area on during the weekend.
Col. Onyema Nwachukwu, Deputy Director Public Relations, Theatre Command Operation Lafiya Dole, said that the suicide bombers had used the cover of darkness to stalk the military camp at about 9.45 p.m., but were promptly detected by the vigilant troops who engaged them when they refused to comply with their order.
9. Prince Harry and US TV star Meghan Markle were married in Windsor Castle on Saturday in a star-studded and emotional ceremony watched live by cheering crowds and beamed into homes around the world.
Archbishop of Canterbury Justin Welby, the spiritual leader of the world’s Anglicans, declared the couple husband and wife after they exchanged vows and rings.
10. Eden Hazard scored what proved to be the decisive goal, as Chelsea defeated Manchester United 1-0 to win this year’s FA Cup final.

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