FEMI OTEDOLA BATTLE 5 BANKS OVER 168 BILLION NAIRA DEBT

By Gistmaster.com

Femi Otedola, a 43 years old Nigerian businessman once listed as one of the richest billionaires in the world (2009) by Forbes is in the eye of financial storm over the  monumental debt he owes five banks in Nigeria.

The total debt of Mr. Otedola, the chairman of Zenon Oil is about 168 Billion Naira (Over 1 billion US dollars) as at December 2010.

A quick break down of the debt portfolio shows that Otedola and his companies are owing with Zenith Bank N68 Billion, while the one of GTBank is  stood at almost 31 Billion Naira, FCMB says Otedola is owing close to 19 Billion Naira while that of Access Bank Stood at N15.526 Billion Naira. The one of UBA reads N36.862 Billion.

gistmaster.com learn that some of the banks are always making moves to take over his property in highbrow Victoria Island, Ikoyi,Abuja, Port Harcourt and other places. The shares also use as collateral for the loan will also go into it. At the moment, the total asset used as security for the debt is said to be worth about N70 billion.

Otedola's group claim that banks have over inflated the debt and also made some illegal and fraudulent deductions from their account.Already, Otedola has headed to court, where he hope to get a reprieve. He and his companies want a situation where the bank who grant an independent auditor the privilege to look into the various accounts and find out whether or not, what the banks are claiming as debt are the right figures.

A bank official told gistmaster.com last night that Otedola and Zenon Oil is only using delay tactics. Debt like this can affect banks when they are not paid back. This has led to the collapse of many banks. Did he go to court when he was seeking the loan? We know that the court will give the right verdict.

Always prim and proper in his traditional white attire, Otedola is the son of former governor of Lagos State, Sir Michael Otedola. The businessman used to be close to Alhaji Aliko Dangote before things fell apart between them over a business deal. Otedola's love for Mercedes Benz brand of cars his legendary. He belongs to an elitist boat club with the likes of Jim Ovia, Dangote and others. A top financial of the Peoples Ruling Democratic party (PDP),Otedola also supports Polo game in Nigeria.

Aside property in choice areas,shares said to have been used for the loan are listed below-

1.441 Billion Units of Zenith Bank shares

24.813 million Units of MRS Oil

14.163 million Shares of Mobil Oil

159.395 million shares units of AP (African Petroleum) Plc

67.053 million shares unit of AP PLC

1.775 million shares units of MRS Oil

36.4 million shares of AP PLC

 

 

 

 

 

 

 

 

 

AGBANI, OLUCHI SHARES EXPERIENCE ON NATURE GENTLE TOUCH

[caption id="attachment_4643" align="alignleft" width="320" caption="Oluchi Onweagba Orlandi"][/caption]

Ambassadors of Recare’s Natures Gentle Touch, Oluchi Onweagba-Orlandi
and Agbani Darego have obviously been having a ball since they became
ambassadors for Africa’s leading personal style brand.
In a chat with both ambassadors at the just concluded Arise Fashion
Show, both style icons shared their experience with Natures Gentle
Touch - a brand that is dedicated to empowering Africans with beauty
and style knowledge.
“I’ve been working with Recare and Natures Gentle Touch for six years
and it’s a relationship I’m proud and excited about. Having a Nigerian
brand that connects Africans with international lifestyle through
quality products and knowledge sharing is a vision that I’ll always be
part of, and so far, it has been very exciting without any regrets
working on this vision. And I’m happy that women around Africa have
realized the effective results of a product specially designed for us
Africans and are patronizing Natures Gentle Touch”  Oluchi who is
heavy with her second child says.
Oluchi won the MNET face of Africa in 1998 and has since then become a
household name in fashion and beauty. She was named the brand
ambassador in 2006 and in 2010; her image graced the packaging of the
redesigned Natures Gentle Touch No-Lye Kit Relaxer system.
“We chose Oluchi as our Ambassador because she is a true
representation of the African beauty which is what our vision is - to
help Africans reveal their inner beauty, and she’s very committed in
using her position to reveal this African beauty to the world” said
Chika Ikenga, the CEO of Recare Limited.
Agbani Darego on the other hand joined Oluchi as brand ambassador in 2011.
“This is a brand that celebrates African women through their
commitment to designing the best hair care products that’s most
suitable for us, and I’m proud to be working with them; proud to be
part of the Natures Gentle Touch family”, said the former Miss World,
Agbani Darego, Ikenga says, ‘is a very talented woman and a role model
to many which fits in with Natures Gentle Touch brand values”. He also
informs that Darego will equally represent a number of products for
the brand as Oluchi does.
Recare’s passion for personal style inspires the brand to continually
define African beauty, tapping inspiration from African style icons to
empower individuals through beauty and style knowledge.
Natures Gentle Touch is specially formulated for Africans living in
Africa with great considerations to the climate, diet and hair
texture, and it’s widely accepted by women all across the continent
and beyond.
With ground-breaking ideas and deeply-rooted passion for superior
beauty solutions, Natures Gentle Touch devotes herself to revealing
the instinct for beauty and style in African women.
Founder Chika Ikenga says, “we are more than a haircare company, we
are a life style; a culture and our corporate philosophy says it all’.
Today Recare Limited is Africa’s leading personal style brand and has
taking a giant stride in beauty and style education by establishing
the largest hair institute in sub-Saharan Africa, the Natures Gentle
Touch Hair Institute.

EXCLUSIVE:IFEOMA WILLIAMS LANDS MTV PLUM JOB-TO OVERSEE NIGERIA OPERATIONS

[caption id="attachment_4696" align="alignleft" width="200" caption="Ifeoma Williams"][/caption]

By Niyi Tabiti

Ifeoma Williams the beautiful, daring socialite and fashion icon behind Fruition Image have landed a plum job with international music channel, MTV Networks. Before now, she has played the  role many called- ‘utility player’  on the side in the MTV operations in Nigeria but gistmaster.com gathered that she would be playing a major role from now.

gistmaster.com sources disclosed that the role Ifeoma is expected to play now will be more of Nigeria's head of operations for MTV. For sometime, Ifeoma has been groomed for the task ahead by the Vice President in  charge of Africa, Alex Okosi. gistmaster noticed that we hardly see them apart at every function that has to do with MTV Base.

Though sources could not confirm the take home and terms for the beautiful damsel, industry watchers believe it would be  in seven 7 digits.

A graduate of law from the University of Lagos and a Barrister at Law from the Nigerian Law School, Ifeoma’s journey to spotlight started years ago after winning the face of Lux soap contest. Ifeoma was the Fashion Editor of Genevieve Magazine, consulted for Moments with Mo amongst other organizations. She is regarded as one of the best dressed women in Nigeria. Ifeoma is Married to Andre Williams, younger brother of Kojo Willimas, former Chairman of Nigeria Football Association (Now Nigeria Football Federation).

WE DID IT ON THE COUCH!

I have kept my 'dignity' for three years after Bode decided that we should go our separate ways because the relationship lack focus. He was always traveling and most times we had to spend together, he would spend half of it attending to his family issues.

I kept my self away from any man. Those who have approached me ended up getting frustrated with my attitude because i just could not give them my time because of what I went through with Bode.

All this changed less than two weeks after Dave started work in my office. There is something about him that makes my day anytime . It must be his innocent look. He's got a sense of style and an appealing smile- that you  just have to smile back.

I don't know what we have got in common but I appreciate the fact that he is a good listener.Since Dave joined my department, things have become more effective.

He has just been recruited by an HR company working with my firm.  He is not one of those that sees a female boss as a threat. He respects me so much and sometimes I get embarrassed.

Well you can say I am cheap, but never knew that things could happen so fast. Yes, I have soft spot for him but never have i imagined that it would lead to something very fast talk less of it happening in the office.

It was after the close of work on a Friday . My driver was waiting anxiously but i told him i wasn't just ready. Dave heard me telling the driver that i still have somethings to do in the office, so he  offered to take me home after we  finish working on some files. The driver wanted to sort out some personal issues that day so i let him go.

Dave and I settled to work in the office, As my junior he listened with rapt attention as i gave out instructions, he was carrying out my orders. I wished he would just hold me and give me a kiss. suddenly i noticed his eyes was fixed to me, then he smiled.

He sat very close and touched me. He rubbed my lap and in seconds, his tongues were already in my mouth, I tried to push him off but I became weaker with the heat of passion breezing through me. I have always wanted this to happen but not so fast. The whole thing started in my office.

As much as i tried to stop it from happening, he turned me on and on and i just switched off with his gentle touch. I thought we could control the situation and stop but i found myself making an aggressive move. I unzipped him with one hand and used the  other hand to hold his head close to mine. He responded with a kiss. He led me to the couch and we did it!

That night i was so ashamed that i let him go. I drove myself home with mixed feelings. How did it happen, i asked myself rhetorically. Have just been used? No, this is rubbish! The following Monday, i couldn't go to work, i was so shy, that i didn't want to see him. What if he had told people about he did with his 'boss'?thought, thought, thought. I enjoyed it because it was as if i have just been released from a bondage.

On Tuesday, I resumed and guess what the first person i saw was Dave. We didn't talk about what happened. The same thing on Wednesday. On Thursday, he came to my office to get a flash drive. He asked me a question and a smile from him changed my mood. He smiled like someone who begging for forgiveness. I put my hand on his neck like a baby. Yes, i have suddenly turned to a baby because of someone I met less than a month. I told him that we would talk later...

Keep a date on my column.

Ola's Diary is written from Lagos, Nigeria. The story of an upwardly mobile Nigerian woman. Don't miss it. copyright by Gistmaster.com

 

WE DID IT ON THE COUCH!

I have kept my 'dignity' for three years after Bode decided that we should go our separate ways because the relationship lack focus. He was always traveling and most times we had to spend together, he would spend half of it attending to his family issues.

I kept my self away from any man. Those who have approached me ended up getting frustrated with my attitude because i just could not give them my time because of what I went through with Bode.

All this changed less than two weeks after Dave started work in my office. There is something about him that makes my day anytime . It must be his innocent look. He's got a sense of style and an appealing smile- that you  just have to smile back.

I don't know what we have got in common but I appreciate the fact that he is a good listener.Since Dave joined my department, things have become more effective.

He has just been recruited by an HR company working with my firm.  He is not one of those that sees a female boss as a threat. He respects me so much and sometimes I get embarrassed.

Well you can say I am cheap, but never knew that things could happen so fast. Yes, I have soft spot for him but never have i imagined that it would lead to something very fast talk less of it happening in the office.

It was after the close of work on a Friday . My driver was waiting anxiously but i told him i wasn't just ready. Dave heard me telling the driver that i still have somethings to do in the office, so he  offered to take me home after we  finish working on some files. The driver wanted to sort out some personal issues that day so i let him go.

Dave and I settled to work in the office, As my junior he listened with rapt attention as i gave out instructions, he was carrying out my orders. I wished he would just hold me and give me a kiss. suddenly i noticed his eyes was fixed to me, then he smiled.

He sat very close and touched me. He rubbed my lap and in seconds, his tongues were already in my mouth, I tried to push him off but I became weaker with the heat of passion breezing through me. I have always wanted this to happen but not so fast. The whole thing started in my office.

As much as i tried to stop it from happening, he turned me on and on and i just switched off with his gentle touch. I thought we could control the situation and stop but i found myself making an aggressive move. I unzipped him with one hand and used the  other hand to hold his head close to mine. He responded with a kiss. He led me to the couch and we did it!

That night i was so ashamed that i let him go. I drove myself home with mixed feelings. How did it happen, i asked myself rhetorically. Have just been used? No, this is rubbish! The following Monday, i couldn't go to work, i was so shy, that i didn't want to see him. What if he had told people about he did with his 'boss'?thought, thought, thought. I enjoyed it because it was as if i have just been released from a bondage.

On Tuesday, I resumed and guess what the first person i saw was Dave. We didn't talk about what happened. The same thing on Wednesday. On Thursday, he came to my office to get a flash drive. He asked me a question and a smile from him changed my mood. He smiled like someone who begging for forgiveness. I put my hand on his neck like a baby. Yes, i have suddenly turned to a baby because of someone I met less than a month. I told him that we would talk later...

Ola's Diary is written from Lagos, Nigeria. The story of an upwardly mobile Nigerian woman. Don't miss it.

DANCE234…A NEW DANCE REALITY SHOW SET TO RAISE THE BAR IN NIGERIA

Come May 2011, young people and the not-so-young with talents to dance and dreams of attaining national recognition will have the chance to give their dreams major lift as KOGA Entertainment launches Dance234.

With daring payoff line ‘dance reality show like never before’ Dance234 is bringing a refreshingly new dimension to the dance reality industry.  For the first time in the history of dance reality show, the focus will not mainly be on hip hop genre of music as most reality shows are known for.

According to Jemila Musa, the producer of the show, ‘this is the first time a dance reality show will be accommodating all genres of dance and according importance to them. ‘What we are looking for are pure dancers, we want you to come just the way you are. If the style of dance you are comfortable with is hip hop, galala, fuji , highlife, traditional dance or what have you, our doors are open. As a matter of fact, we are more than willing to accommodate a new style of dance. What we want are dancers in their purest form and people who can sufficiently express themselves through dance’.

The winner will be going home with a car, N1 000 000 (one million naira), and a dance course abroad, first and second runner-up will get a N1 000 000 and N750 000 respectively.

With the form going on sales from May 1 in all branches of Zenith Bank and audition commencing before the end of June, Dance234 will be moving with precision and purposes of fulfilling it promises of unearthing talented dancers and giving them a new lease of life.

Auditions will be opened to participants in Lagos, Benin, Abuja and Enugu in June while sales of forms at N3000 will start in the month of May nation-wide in all branches of Zenith Banks.

Twenty finalists will emerge at the end of tasking auditions which will take place in four states and will go through the most lively and entertaining twenty-week of their lives with eviction taking place weekly. With plans to air the reality show on TV stations across federation, dancers will not only be in the spotlight, they will have more-than-big-enough platforms to showcase their talents.

KOGA Entertainment is a complete entertainment outfit with four up-to-date visual studios, a digital and analogue studio, a large capacity hall, up to date movie and commercial making-equipments and a content-generating department for TV, radio and commercials.

KOGA with readiness to go all the way and expertise of Jemila Musa, who has worked on a number of dance-related reality shows, Dance234 promises to be a blast from the word ‘go’.

Sponsored content

Gistmaster.com

ITUAH IGHODALO @50 PICTURES

[caption id="attachment_4648" align="alignleft" width="480" caption="'A kiss fo my honey'- Pastor Ituah Ighodalo and his wife kissing away as they celebrate Itua's Birthday"][/caption]

By Niyi Tabiti

Pastor Ituah Ighodalo's 50th birthday anniversary has come and gone but most people will not forget in a hurry the blissful ceremonies right from Wednesday 6 April 2011  till the grand finale that took place the following Sunday. As expect, top dignitaries within and outside the country were present at Landmark Event Centre, venue of the birthday gig.

[caption id="attachment_4649" align="aligncenter" width="480" caption="Taiwo and Kehinde Fatukasi at Pastor Ighodalo's birthday party in Lagos. One of them is married to ace comedian, TEE A"][/caption]

This is what we call spot the difference!The two are identical twins. Yes, welcome to the world of Taiwo and Kehinde Fatukasi. Gistmaster.com sspotted them having swell time at the birthday gig for Pastor Itua Ighodalo at Landmark,Victoria Island. Kenny is married to one of Nigeria's top comedians and event compere extraordinaire,Tunde Adewale A.K.A TEE A

[caption id="attachment_4651" align="aligncenter" width="480" caption="Sammy Okposo and his wife, Ozioma "][/caption]

Sammie Okposo, cross over musician and his wife, Ozioma at the birthday reception in honour of Pastor Ituah Ighodalo @ 50 in Lagos. Sammie got married in 2010

[caption id="attachment_4652" align="aligncenter" width="323" caption="Prayer time- The Ighodalos praying to GOD for his guildance and abundant blessings"][/caption]

Pastor Ituah and his wife, Ibidun thanking GOD for everything he has done in their lives.

[caption id="attachment_4653" align="aligncenter" width="480" caption="TEE A, ALIBABA, Pastor Ituaha and another at the event"][/caption]

[caption id="attachment_4654" align="aligncenter" width="480" caption="Asue Ighodalo, Erelu Angela Adebayo and her husband, Niyi former governor of Ekiti State"][/caption]



[caption id="attachment_4657" align="aligncenter" width="323" caption="the celebrant and his wife"][/caption]

[caption id="attachment_4658" align="aligncenter" width="480" caption="beautiful ladies in traditional attire to celebrate Ituah Ighodalo @ 50"][/caption]