Buhari:New Set of Billionaires to emerge in Nigeria

   

President Jonathan Goodluck has less than a month to rule Nigeria. Mohammadu Buhari will formally take over after the May 29 inauguration in Abuja.I don't know if Forbes see this coming to past,but i can humbly predict that the country will definitely produce a new set of billionaires.

 The new government will bring on

LATEST:CARLOS SLIM BEATS BILL GATES AS WORLD RICHEST MAN

   Mr. Bassey, a character in Basi & Company, a tele-comedy series on TV (written and produced by late Ken Saro Wiwa) was fond of the statement "To be a millionaire, think like a millionaire). Don't just think like a millionaire or billionaire, read about them as much as you can. Below is one of such report that you should digest.lol

Carlos Slim, the telecommunications tycoon who controls Mexico's America Movil SAB (AMXL), is the richest person on Earth, according to the Bloomberg Billionaires Index, a daily ranking of the world's 20 wealthiest individuals.

The 72-year-old's net worth fell $478.4 million in a day to $68.5 billion as of the close of markets on March 2, as U.S. moguls Bill Gates and Warren Buffett placed second and third on the list compiled by Bloomberg News. Brazil's Eike Batista, who ranks 10th, still covets the top spot after vowing a year ago that he'd become the world's wealthiest man by 2015.

"I'm competitive," Batista, who trails Slim by almost $39 billion, said in a March 2 telephone interview from Rio de Janeiro. "It's Brazil's time to be No. 1. Brazilians have always admired the American dream. What's happening in Brazil is the Brazilian dream and I happen to be the example."

The Bloomberg Billionaires Index takes measure of the world's wealthiest people based on market and economic changes and Bloomberg News reporting. Each net worth figure is updated every business day at 5:30 p.m. in New York. The valuations are

DIAMOND BANK MOVES TO DECLARE SIR EMEKA OFFOR BANKRUPTS OVER N2 BILLION DEBT

By Adelani Adepegba

Diamond Bank Plc has begun moves to declare an oil magnate, Mr. Emeka Offor, bankrupt following an alleged N2bn debt owed by his company, Chrome Oil Services.

According to a document obtained by SUNDAY PUNCH, the bank had granted a series of loans to Chrome oil which amounted to N750m, but the firm defaulted in the payment of the facility which had accrued to over N2bn by December, 2011.

Investigations further showed that the oil firm allegedly reneged on its promises to pay the loan contrary to the agreement it entered with the bank, before it was granted the facility.

According to the bank, after repeated demands to pay the debt, then in excess of N1.3bn, the company in October, 2006 made a proposal to the bank to pay N750m as final settlement within 12 months, through monthly instalments of N62.5m with effect from December, 2010.

"The bank accepted the offer on the condition that if the company failed to abide by the monthly payment agreement, the concession granted it would be cancelled and it would be liable to repay the total outstanding sum, including the interest suspended.

"It also threatened to sell the company's property in Asokoro, Abuja, which the company mortgaged to it. Offor who personally guaranteed the loan repaid only one instalment of N62. 5m within the 12 months limit that the company set out," the bank said on Friday.

When all efforts by the bank to recover the money failed, it served Offor, a chieftain of the Peoples Democratic Party and his company notice that the concession had been withdrawn and that the quantum of the indebtedness, with interest application that was hitherto suspended, had increased to N2bn.

A letter to Offor dated March 1, 2012, read, "Take notice that as a consequence of your company's unwillingness to repay its debts and in deference to your representation to the bank in the deed of personal guarantee, which you voluntarily signed and which it relied on to grant the loans that led to the debt, we hereby call-in your guarantee by demanding that you personally repay the debt within seven days from the date of the letter, failing which the bank will commence steps to declare you bankrupt for inability to repay your debts, to enable a liquidator to be appointed over your assets for it to recover its funds."

Offor could not be reached on Friday as he did not respond to several calls and a text message sent to his phone by our correspondent.

The text read, "Sir, I will like to get your comment on the moves by Diamond Bank to declare you bankrupt over a N2bn debt."

HOW OIL BARON's DAUGHTER,OMOBOLANLE BATTLES ESTRANGED HUSBAND OVER KIDS

 From the cradle, Omobolanle Akinruntan,the beautiful daughter of  Oba Fredrick Obateru Akinruntan,the Olugbo of Ugboland,Ondo, had everything at her feet, courtesy her aristocratic background. However, like the saying,’life is not a bed of roses’. Ironically, matrimony has not been that   blissful for her. Years of marriage to Ayo Fanowopo, which produced two children, Ayodele  Olayinka Fanawopo and Oluwademilade Fanawopo, was like living in hell. UrbanlifeNG.com, was reliably informed that her life, in the UK, where they both lived, with the children,was full  of physical abuses and blackmail from the Ayo,who later instituted a divorce proceedings.Unfortuntely for him, the custody of the children were given  to Mobola, with only visitation rights.Thereafter,he became more frustrated and dangerous, he stopped catering for the welfare of the family,telling the court, he had no job.In order to save herself from hardship, Mobola, had to relocate to Nigeria with the children. Although,divorce they say is  not  honorable to any woman,she could not withstand  living  with the pains of a loveless marriage.So on getting to Nigeria,she also instituted a  proceeding to dissolve the sour   marriage  at a Lagos Customary Court in 2010.The crisis however,reached the zenith, on the morning of February 2^nd,2012,when the father of the children, reportedly  snatched the children on their way to school.UrbanlifeNG.com,pieced that, with efforts of her family,the distraught, lady was able to secure the release of the children, from the British High Commision,where Ayo, took them for deportation .Subsequently,she has since gone underground in fear of reprisal from bitter former partner.Through her lawyer,she has been able to contact relevant Nigerian and British authorities over the matter.Her statements,we gathered  threw a lot of putrid accusations,that might nail Ayodeji Fanawopo.

LAGOS BILLIONAIRE, WALE BABALAKIN ARRESTED,DETAINED BY EFCC

  The Economic and Financial Crimes Commission (EFCC) last week arrested and briefly detained Wale Babalakin, a Lagos-based businessman, on charges of facilitating money laundering by former Governor James Ibori of Delta State.

The EFCC detained Mr. Babalakin overnight last Saturday and subsequently granted him administrative bail.

A source close to suspect, a lawyer whose company owns the new wing of the Ikeja domestic airport, told SaharaReporters that Mr. Babalakin was “shaken when the EFCC came for him,” adding that the businessman quickly contacted his political sponsors to arrange his “administrative” release.

When SaharaReporters called EFCC spokesperson, Wilson Uwujaren, he confirmed that the anti-corruption agency arrested Mr. Babalakin and detained him

NIGERIAN BILLIONAIRE BATTLES BRITISH WIFE OVER $21 MILLION DIVORCE PAYOUT

A wealthy Nigerian-born, British-based oil baron has been granted permission to use Nigerian tribal law to appeal a $21 million divorce payout to his former British wife, the Telegraph has reported.

Michael Prest, the 50 year-old founder of Nigerian energy trading firm Petrodel Resources, split from his wife in an acrimonious divorce in 2008. During a British High Court hearing on the divorce in October last year, the presiding judge ordered the tycoon to pay his former wife cash and assets worth over $20 million.

  

 However, Prest has applied to appeal the court’s decision on the grounds that his Petrodel’s assets do not belong to him, but are held in trust for his children,

"OUR LOVE STORY" BELLA ADENUGA AND JAMEEL DISU REVEALED HOW THEY MET IN THIS EXCLUSIVE INTERVIEW WITH OVATION MAGAZINE

Months after the wedding of daughter of Nigeria billionaire,Bella Adenuga to Jameel Disu, the event remain a talk of the town.
  In an exclusive interview with Ovation International magazine, the couple reveal that the first time that they met was at a party.Jameel saw a beautiful and well mannered lady.Bella told Jameel her name was "Bunmi Marquis".
  They didn't exchange numbers but the next time they met was at the party of Bolaji Folawiyo and Shaha Israni. It was then they exchange numbers. gistmaster gathered that Jameel was not aware that Bella was the daughter of Otunba Mike Adeniyi Adenuga, Chairman of Globacom.
 Enjoy the interview
 

JAMEEL

What attracted you to Bella?

Obviously, she is a very beautiful lady. We met six years ago and ever since we met, we have been very good friends. We have spent a lot of time together. She is a very honest and sincere person.

How did you meet her?

Actually, it is a funny story. I came back to Nigeria six years ago. I met her three days after she also moved back. I went out with some friends to a place called Hacienda, on the Island, though it has been closed down now. I think as I was going in, I met her by the door. We said hello to each other and that was it. We didn't exchange numbers. A few days later, I attended a party thrown by Bolaji Folawiyo and Sasha Israni. I went there with some friends and she was also there with her cousin and a friend. A friend of mine met her cousin and they exchanged numbers. We equally exchanged numbers. Since then we have been together.

Were you aware then that she is Dr. Mike Adenuga's daughter?
No, I was not aware. Even when we first met, I never knew she was Dr. Mike Adenuga's daughter until after about two weeks.

Where were you based before you came back to Nigeria?
I was based in the United States

You were studying?
Yes, I was studying. I finished my Masters then and moved back to Nigeria. I went on holiday three months after I moved back. I just got back from my holiday and she just moved back also.

When did dating start?

Funny enough, ever since we met in June 2004, we have been together since.

Which means that both of you have celebrated St. Valentine's Day a number of times

Yes

Could you recollect a particular Valentine's Day that was very significant in terms of the way you celebrated it

I think the most significant valentine was the valentine after we met. It was in Lagos. I took her to a restaurant on the Island. I had the restaurant closed completely for us. There was nobody there just the two of us. I had a special band come out to play and a special song was dedicated to her. It was very intimate and romantic. I think that was very significant.

If there could be such a romantic scenario towards the beginning, what then happened on the day you proposed
The day I proposed which I think was about two years ago. She always had an idea that I was going to propose, so it was not much of a surprise. Though she did not know when I was going to do it. I had this elaborate plans laid out but at the end of the day, it was not anything too special. We were spending time together and I just felt the right moment in my heart, so, I brought out the ring, went on my knees, and asked her if she would marry me. And she said yes.

DEOLA SAGOE, ITUEN BASI PREPARES FOR AFRICA FASHION WEEK+IT BILLIONAIRE,MARK ZUCKERBERG DREAM 1 BILLION USERS FOR FACEBOOK

 By Niyi Tabiti

 Mark Zuckerberg the founder of fast growing social networking site, Facebook needs to have his name in the English dictionary. Better still, it should replace the world 'fantastic'. I bet you will agree with gistmaster if you measure the level of successes recorded by the IT billionaire within the last few years of starting his addictive site- facebook
 Mark who is estimated by Forbes world richest billionaire list to be worth  4 Billion Dollars is already working his way into new areas and by the time he is done, Mark says he would have successfully captured 1 Billion users of Facebook globally.At the moment, the site is estimated to have about 500 million users.To achieve this, gistmaster gathered that he must be also be a dominant player in Russia and the far East such as South Korea, Japan and China.
  Born about 26 years old, the young American businessman is regarded as one of the most influential media channels around the world. He is also a self made billionaire.At the moment,Facebook.com ranked second in the world as the most visited daily website around the world, with google.com coming first.

DEOLA SAGOE,ITUEN BASI AND BUNMI KOKO PREPARES FOR AFRICA FASHION WEEK 2010!!!

 The Super Eagles of Nigeria (Lets forgive those those who call them super chickens) may not have had a superb performance at the on going FIFA World Cup in South Africa but we are proud that our fashion idols are also going there to prove  point this month.
 Deola Sagoe, a creative and widely acknowledged fashion icon would be doing us proud as the Africa Fashion Week kicks off on 30 June 2010 at Sandton Convention Centre,Johannesburg, South Africa.
 Deola is fresh from the New York fashion week and all eyes would be on her when gets to showcasing her designs at on the runway in Sandton.
 Gistmaster gathered that Ituen Basi is also another Nigerian upscale designer that would be at the Africa Fashion Week 2010.She is known for her creative, timeless elegance with a contemporary twist designs.Ituen was at the 2009 edition.The third designer coming from Nigeria is Bunmi Koko.Though based in the UK, Bunmi combines a powerful collection of works that is a fusion of the Nigerian and scottish heritage that is rich in style.She would be attending the Fashion week for the first time.
  Last year, Lanre Da Silva Ajayi of LDI, Tiffany Amber (owned by Folake Akindele Coker),Odion Mimoment (owned by Odio Oseni) and others dazzled the world with their Haute couture collection. In 2009, the Africa fashion week was a collaboration between Arise Magazine (Thisday Newspapers) and Africa Fashion International.

Sources told gistmaster that the two organizations decided that they could not work together (at least for now).

Photo 1:Shows a model for Deola Sagoe's House of Odua.

Photo 2:former Mnet Face of Africa, Oluchi Onweagba on the runway last year for Mustafa Hassanali, one of the designers.