Connect with us

Hot News

Bill Gates Announces His Step-down from the Board of Warren Buffett’s Company

Published

on

The Tech Billionaire and a Philanthropist, Bill Gates, steps down from his executive role at Microsoft Board, the company he co-founded in 1975 and built into the world’s largest software maker, to focus more on philanthropy, global health, development, education and tackling climate change.

Bill Gates was CEO of Microsoft until 2000 when Steve Ballmer took over the role and has held a not too active role since 2008.  He served as CEO of Microsoft until 2000, the same year his foundation was started, and was chairman of the company until February 2014. Now Gates is the world’s second richest man with a net worth of $106.7 billion steps down as a board member in Warren Buffett’s company, Berkshire Hathaway.

Gates and Buffett, 89, have been friends for years. Gates joined Berkshire’s board in late 2004 and their bond grew stronger in 2006 when Buffett said he would plan to give away the bulk of his fortune to charitable groups including the Gates Foundation. Buffett and Gates, both billionaires, have continued to push for more philanthropic efforts among the wealthiest, with initiatives such as “The Giving Pledge.”

Also Read: Dangote Donates N200m To Contain the Spread Coronavirus in Nigeria

According to his post on LinkedIn, he made the decision to step down from both of the public boards on which he served – Microsoft and Berkshire Hathaway – to dedicate more time to philanthropic priorities including global health and development, education, and tackling climate change.

 “The leadership at the Berkshire companies and Microsoft has never been stronger, so the time is right to take this step. The company would “always be an important part of my life’s work” and he would continue to be engaged with its leadership.” He wrote

He continued, “With respect to Microsoft, stepping down from the board in no way means stepping away from the company,” Gates said. “Microsoft will always be an important part of my life’s work and I will continue to be engaged with Satya and the technical leadership to help shape the vision and achieve the company’s ambitious goals. I feel more optimistic than ever about the progress the company is making and how it can continue to benefit the world.”

“He leaves an enduring legacy of curiosity and insight that serves as an inspiration for us all,” Microsoft chairman John Thompson said in the company statement.

Comments
Please follow and like us:
Advertisement
1 Comment

1 Comment

  1. Pingback: Donald Trump Signs Historic $2.2 Trillion Financial Stimulus Bill - Chinonyerem Emmanuella's Blog

Leave a Reply

Hot News

Arms Procurement Investigation: “Issues of arms procurement were done by specific individuals, call these individuals to explain to you ” – COAS Ibrahim Attahiru tells House of Reps members

Published

on


A dramatic scene was recorded today April 13 after the Chief of Army Staff Lieutenant General Ibrahim Attahiru appeared before House of Representatives ad-hoc committee on arms and ammunition as part of the investigation into arms purchase by the military.


Attahiru refused to speak on arms procurement after presenting a document to the committee.


According to the COAS, he just resumed office and the issues surrounding the procurement of arms should be answered by the “specific individuals” who initiated the purchase.


He said;


“The submission before you speaks to the report before you. It is an executive summary. It is very self-explanatory to the extent that it has been pluralised. When you demanded this report, you stated a specific period for which you wanted it.

“You may wish to recall that the Chief of Army Staff took over the mantle of leadership barely two months ago.

“The period for which you want this report having been summarised in the executive summary explained whatever details you require.

“Issues of arms procurement that you so demand to know were done by specific individuals, I will rather you call these individuals to explain to you very specific issues the general explanation is contained in this report.”


A member of the committee, Ejiro Ogene had also faulted the COAS explanation for not appearing before the committee earlier.


Ogene said;


“When we ask you to come, the people are the ones speaking, sovereignty lies in the people; if we see it like this, things will be different.

“I expect that the COAS tenders an apology, not an explanation; you are serving the people and they are as your employer.”


Firing back at him, Attahiru insisted that his explanation serves as an apology. He said;


“When you say I offered an explanation, it is as good as an apology. It only tells you the reasons why I wasn’t here and the reasons are pungent enough.”


Following the rising tension at the proceeding, Chairman of the Committee Olaide Akinremi ruled that the hearing goes into a closed-door meeting and the media were asked to leave the hearing.

Comments
Please follow and like us:
Continue Reading

Hot News

25-year-old Nigerian man arrested for Scamming woman of N16million in India

Published

on

 

A 25-year-old Nigerian has been arrested in India for allegedly scamming a 62-year-old woman from Indore, Madhya Pradesh, of Rs 31.64 lakh (N16,048,923.81)

“The accused, Wisdom Obinna, from Imo State, was part of a gang that befriended women on social media and then scam them with lottery and gift frauds,” said Indore Cyber Cell Superintendent of Police, Jitendra Singh, on Friday, April 9.

“Obinna was arrest25-year-old Nigerian man arrested in India for duping woman of N16m ed from Delhi, where he was staying even after his business visa expired. Efforts are on to nab other members of the gang,” he added.

ALSO READ;

During the interrogation, the accused said that he came to India on Business Visa in 2014 and 2017. After the visa expired, he became active in cheating and used to operate from Delhi.

The gang members befriend Indian girls and women on Facebook by creating accounts with different foreign fake IDs.

After Wisdom has made friends with the women, he lured his victims by claiming he sent them some expensive gifts.

Later, other members of the gang pose as custom officers and demand money in the name of Tax and Penalty to get the parcel, send a message through bank account WhatsApp and get the money transfer. They would also threaten the victim with legal action.

Police recovered eight passbooks of various banks, three ATM cards, two laptops, three pen drives, 9 mobile phones, eight SIM cards, two dongles, passports and Rs 11000 in cash from the accused.

 

25-year-old Nigerian man arrested in India for duping woman of N16m

Comments

Please follow and like us:
Continue Reading

Economy

CBN gets order to freeze 194 accounts in 17 banks

Published

on

CBN gets order to freeze 194 accounts in 17 banks

The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks.

This was contained in a post by the apex bank on its website yesterday pursuant to the court order. The freeze orders were sequel to three exparte applications filed by the apex bank seeking a mandatory order of the court to ask the 17 banks to freeze the account of the business organizations and individual pending the outcome of an ongoing investigation the apex bank had initiated.

In one of the suits against Nuru Abubakar and 24 others, the court granted the request by CBN to freeze the account of the defendants in the banks for 45 days. Justice A.R Muhammed who made the order in his ruling on March 30, 2021, said: “An interim order is hereby made empowering the applicant to direct the head office of the listed banks to freeze forthwith all transactions on the bank account of the defendants for a period of 45 days pending the outcome of investigation and inquiry currently being conducted by CBN.”

ALSO READ;

In another suit filed by CBN against Sethwealth Ventures and two others, the court granted an exparte application by the apex bank to freeze 50 accounts linked to the three defendants in 13 banks. A similar order was also made in the suit by CBN against Bluebeam Capital Ltd freezing 60 accounts of the company in 13 banks.

The 17 banks affected are Access Bank, First City Monument Bank, Fidelity Bank, Sterling Bank, Keystone Bank, Providus Bank, United Bank for Africa (UBA), Wema Bank and First Bank. Others are Guaranty Trust Bank, Ecobank Bank, Heritage Bank, Polaris Bank, Zenith Bank, Stanbic IBTC Bank, Standard Chartered Bank and Union Bank.

The companies affected include Bluebeam Capital Limited, Sethwealth Ventures, Seasons Bureau De Change, Lat-Ade Logistics, Sani Polo Global Investment Ltd, Saneo Global Resources Limited and Romvic Ventures Nigeria Limited.

 

Comments

Please follow and like us:
Continue Reading

Let’s keep you updated

Advertisement

Instagram

Recent Tweets

Subscribe

Trust you had a great time reading our headlines. Kindly drop your email address to subscribe to our blog and receive notifications of new posts .

Join 6,666 other subscribers

Trending

error

We know you enjoy our storylines. Please spread the word to your friends :)

%d bloggers like this:
Enable Notifications    OK No thanks