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A very rich and notable lawyer, Mvuseni Ngubane lost his life last weekend after commiting suicide inside one of his luxury cars-A mercedes Benz car -after his family members left their mansion for a Sunday afternoon outing. Ngubane who is known to have handled many prominent cases is well known  in South Africa .Just last year, he was appointed as the secretary of the arms deal commission by President Jacob Zuma. Premiliminary investigation shows that Ngubane,55, kills himself by firing a fatal shot through his mouth.He was found in a pool of his blood by his wife and daughter when they arrived home. No one could say at this moment why the wealthy lawyer committed suicide because he has having it so good in his profession. The police have also seen the footage of close circuit cameras (ccv) in his residence but they are not saying anything at the moment for security reasons.

US Banks freeze Nigeria Embassy accounts over suspicious activities- The accounts of the Nigerian Embassy in Washington DC and the Nigerian Mission in New York might have been frozen by the Bank of America and Wells Fargo, two leading financial institutions in the United States of America over alleged money laundering activities. Sources informed African Examiner that the action of the banks was sequel to a suspicious money transfer remitted to the United States from Nigeria. Following the suspicious transactions in favor of the accounts between February and May this year, the two banks requested the mission to explain the source of the funds which the Mission could not immediately avail the financial institutions. Consequently the sanction had adversely impacted on the finances of the Mission which has made it extremely difficult for the Embassy to pay its operational bills and staff salaries. These monies wired from Nigeria were aside from the regular money that

The Federal Inland Revenue Service (FIRS) has arrested Chief Executive Officers (CEOs) of three companies in Lagos for alleged failure to remit N2.17 billion taxes. In a statement at the weekend by the FIRS Director of Communications and Liaison Department, Mr. Emmanuel Obeta, the agency said the enforcement drive, led by an Assistant Director of Legal and Prosecution Department, Mr. Abu Stephen, is aimed at recovering arrears of taxes accruing to the government from Company Income Tax (CIT), Education Tax (EDT), Withholding Tax (WHT) and Value Added Tax (VAT). He said the FIRS served many notices on the companies to pay their outstanding tax liabilities or be compelled to do so. The statement added that the companies and their liabilities are: Pivot Engineering Limited, N609,911,992:36; Reliance Telecommunications Limited, N592,756,627:00; HITV Limited, N309,500,065:55; and UTC Nigeria Plc, N277,589,163:74 Others are: Sweet Sensation Confectionary Limited, N155,483,013:00; Ent

J imoh Ibrahim, a Nigerian billionaire,politician and chairman of Air Nigeria is very excited at the moment. Air Nigeria (formerly Virgin Nigeria) just took delivery of its much awaited A300-200 aircraft. The flight is to serve the purpose of flying passengers from the Murtala Muhammed International Airport to London airport. Ibrahim and the MD of Air Nigeria flew on board the airport to Lagos via Egypt some hours ago.The arrival of the aircraft was marked with a  short ceremony. The first passenger flight has been scheduled for wednesday. Known as 'Mr. Risk Taker', Mr. Ibrahim is also a motivational speaker and publisher of Newswatch magazine.

Facebook Inc CEO Mark Zuckerberg fielded questions about the No. 1 social network's slowing revenue growth and its $1 billion purchase of Instagram as he kicked off a cross-country roadshow to promote the company's $10 billion initial public offering. Wearing his trademark "hoodie" sweatshirt, jeans and sneakers, the 27-year-old chief executive said he would do the Instagram deal again if he had to, according to attendees at the event. Hundreds of investors showed up for the presentation at New York's Sheraton Hotel, which was closed to the media, on Monday. The world's largest social network aims to raise about $10.6 billion, dwarfing the coming-out parties of tech companies like Google Inc and granting it a market value close to Amazon.com Inc's. The 8-year-old social network that began as Zuckerberg's Harvard dorm room project indicated an IPO range of $28 to $35 a share on Thursday, which would value the company at $77 billion to $

  Whatever is on the mind of the Governor of Lagos State,Mr. Babatunde Raji Fashola (SAN) as captured by gistmaster in this picture must be a serious matter. It was at the 60th birthday celebration for Asiwaju Bola Ahmed Tinubu at Oriental Hotel, Lekki. Fashola is regarded as one of the most efficient governors in Nigeria.

What do you guys think?I bet Mrs. Michelle Obama is looking gorgeous in this dress. If you work out well, you will definately step out hot and sexy like Mrs.Obama!I like

 The Joint Admissions and Matriculations Board has released the results of the 2012 Unified Tertiary Matriculation Examination, with only three candidates scoring above 300. The News Agency of Nigeria reports that the results of 27,266 candidates across eight states were withheld for various reasons. This was stated by JAMB Registrar/Chief Executive, Prof. Dibu Ojerinde, at a news conference in Abuja. A total of 1,503,931 candidates were registered for the 2012 UTME, which held across the country on March 24, making it the one with the highest number of registered candidates since the existence of JAMB. Contrary to earlier fears that the Boko Haram sect would disrupt the exam in some Northern states, Ojerinde, said the State Security Service and other security agencies had been engaged to deal with any security threat. The exam proceeded on the set date without any security problem. At the news conference, Ojerinde, the JAMB Registrar, listed Abia, Benue, C

Few days after the UTME exams in Nigeria and some foreign centres,anxiety is already gripping several candidates who took part in the exam.The result is likely to be released this week. Here is how to check the result by clicking on the link below   http://www.jamb.org.ng/Unifiedtme/default.aspx

Otunba Gaddaffi (Otunba Isaac Durojaiye) the former bodyguard and chief security officer to late Bashorun MKO Abiola is dead. Otunba Gaddaffi who is the founder and managing director of DMT ( A mobile toilet business company),according to what sources told gistmaster breathed his last some few hours ago.   Another source said Otunba has been ill for sometime. "He has been managing himself to work" said the source . There was a time he was even of work . We gathered that he still managed to grant an interview to a softsell magazine last week .   He is known for his popular payoff "Shit business is serious business"

MORE  facts emerged yesterday on the last days of the late Mr Alex Uruemu Ibru, the frontline businessman and publisher of The Guardian, who died on November 28, last year. The widow, Mrs Maiden Ibru, relived his last days in court where she has mounted a legal battle to wind up a company owned by her husband and his brother, Mr Goodie Ibru. The matter came up at the Federal High Court, Lagos. As Justice Okechukwu Okeke was about making his pronouncement on the submissions by the lawyers, he noticed that Mrs Ibru raised her hand, demanding to be allowed just two minutes to speak, a request the judge granted. At that point, the court went silent. Mrs Ibru, who was accompanied by one of her children, Toke, told the court why she filed the suit. “Six months before my husband died, the doctors told me that he was going to die. And for five months, he was out of circulation and nobody saw him and even his family members did not bother about him.  “Two weeks before

The Encomium White Gig is finally here, and celebs from all walks of life are gearing up to be part of the one-of-its-kind annual event holding this Sunday. Billed to be an evening of Cognac cocktails, beautiful ballads and unbelievable fun, the event aims to bring together the bright, the bold and the brave in an evening filled with enough fun to go round. “We’ve invited everyone that matters and we are looking forward to hosting the brightest and boldest minds from all over the country” Kunle Bakare publisher of Encomium says . Bakare tells us that guests will include distinguished musicians, actors, socialites, entrepreneurs, business leaders, Government, media titans, and ardent Encomium readers. Tagged “Take the steps, Walk the Talk”, the high octane gig will hold at The Haven GRA, Ikeja on March 18, 2012. “Many pillars and supporters are with us in this merriment, and we are more than ecstatic that our path is being smoothened in no small measures”

Rita Dominic is the cream chic on the latest edition of Fab magazine. Gistmaster.com gathered that the edition would be out on the newstand later this month.The Nollywood actress talks about her success,how she managed her stardom and the secrets of her steady relationships

The Management of the Nigerian National Petroleum Corporation, NNPC, on Monday clarified issues surrounding the reported recruitment exercise advertised on the Corporation’s website and on some online media. Group General Manager, Public Affairs Division of the Corporation, Dr. Levi Ajuonuma explained in a press statement that the job vacancies concern some vacant positions at the Doha, Qatar Headquarters of the Gas Exporting Countries Forum, GECF which Nigeria is a member. ``We wish to clarify that at the moment NNPC is not recruiting. The said job vacancies on the NNPC website are meant for aspiring professionals who wish to work at the Gas Exporting Countries Forum, GECF, with Headquarters in Doha, Qatar whose Nigeria’s Secretariat  is currently under the headship of Engr. Billy Agha, an Executive Board member of the Forum and also our Group Executive Director, Engineering and Technology,’’ Ajuonuma explained. He stated that the NNPC is providing  the space fo

 Some Nigerian models who felt that they were being paid 'peanuts' compared to what other models coming from outside would be earning at Arise Africa Fashion Week decided to stage a walk out on Wednesday 7 March 2012. As at the time of going to press, the issue was yet to be resolved.Sources told gistmaster.com that the Nigerian models would earn twenty five thousand Naira per day (100 Pounds Sterling).Some of the models were called in for talks. The event, which was billed to have started on Tuesday 6 March have now been defered for two days now, with insiders blaming logistic problems. Gistmaster.com gathered that some of the difficulties may have been due to negligent on the part of some people who did not sort out neccessary things before yesterday.  We sent a mail to a member of the media team of Arise but no response yet.   Arise Africa Fashion Week organization is headed by Mr. Nduka Obaigbena, a man regarded as one of the finest newspaper/magazine publishers in

A Nigerian fraudster who hijacked the identities of soldiers and nurses in a $1.3 million benefits plot has been jailed in the UK for six years. Chibuikem Uzoma-Ubani and another Nigerian partner in crime opened 752 bank accounts to perpetrate the fraud. Chibuikem Uzoma-Ubani, 29, persuaded several lovers to help him launder the profits from the swindle that targeted tax credits and Sure Start maternity grants, reports The Daily Mail. Denisa Camacho, 28, of Godmanchester, Cambridgeshire, and Katrina Papiernikova, 27, of Romford, Essex both had relationships with Uzoma-Ubani, after arriving in the UK from Slovakia and were accused of turning a blind eye to his activities. Uzoma-Ubani, of Romford, Essex, married Camacho in 2004, then divorced her and had two children by Papiernikova. The women both insisted they knew nothing about his crooked schemes and were both cleared of money laundering, but a third lover Ornela Miguel, 26, admitted the offence. Uzom

 Nigeria's President, Dr. Goodluck Ebele Jonathan is expected to reshuffle his cabinet very soon. According to report monitored on punchng.com , Mr. President wpuld be dropping three ministers due to poor performance.Sources told the Nigerian newspaper that this would be a prelude to June 2012 when another batch of ministers appointed into government would be sacked. Did i hear you say, this is long over due?

The 70 hours of praise by the Redeemed Christian Church of God (RCCG) kicked off yesterday at the Redemption camp,Lagos-Ibadan expressway. The 70 hours of praise is part of activities leading to the march 2012 holy ghost service and the 70th birthday anniversary of the general overseer, Pastor E.A Adeboye. Various singers from different RCCG churches have been leading the praises. Popular gospel singers are expected to be part of the activities.  The monthly holy ghost service of the month of march will start on thursday 1 March 2012 instead of Friday. It would end on Saturday.

 By Saharareporters Former Governor James Onanefe Ibori of Delta State today entered a guilty plea at his money laundering trial at a Southwark Crown Court in London, the UK. Mr. Ibori’s admission of guilt closed the chapter on arguably the most dramatic judicial and political saga involving a Nigerian public official in recent years.   Today’s development came as a stunning finale to one of the most phenomenal money laundering and fraud cases spanning seven years of an intensive manhunt. That drama ended as the once powerful former governor, who loved to be flattered with his flamboyant nickname of Odidigborigbo of Africa, avoided an exhaustive and revealing trial by deciding to admit to his massive money laundering activities during his two-term run as governor. A source with the Crown Prosecution Services in the UK told SaharaReporters that, with today’s plea, Mr. Ibori faces up to 10 years in a UK prison at his sentencing. The former governor will be senten

Baring any unforseen circumstances, the former governor of Delta State, Nigeria,Chief James Ibori, who is standing trial for corruption and money laundering charges in the United Kingdom would enter into a plea bargain deal with the London Metropolitan Police.  A plea bargain is a situation where the accused his made to forfeits his assets with minimal jail sentence (Just as the case wiith former governor of Edo State,Chief Lucky Igbinedion who forfeited assets and money to the EFCC . He was sentenced to just six months in jail )  Latest news from sources close to Chief Ibori shows that the deal might be finalised this week.  A court of law in UK had earlier sentenced Nkoyo , wife of the ex governor to to 5 years in jail on 22 November 2010. Just recently, a Nigerian businessman and lawyer, Chief Wale Babalakin was interrogated by the EFCC over suspicion in a case that involving Mr. Ibori