Coronavirus: Dangote Loses ₦240 Billion in 5hours
Aliko Dangote who is the richest man in Africa suffered a huge loss of ₦240 billion in 5hours due to coronavirus on Wednesday, March 11th .
‘Dangote Group’ the parent company of all Dangote’s firms suffered huge losses just after the World Health Organization (WHO) declared coronavirus a Pandemic disease.
The Nation reported that Dangote Cement Plc which is Nigeria’s most capitalized quoted company and accounts for more than 20% of the total market capitalization, led the decline with the maximum daily drop of 10% which is equivalent to net depreciation of ₦289.68 billion.
Also Read: Dangote Donates N200m To Contain the Spread Coronavirus in Nigeria
Dangote Sugar Refinery (DSR) Plc and NASCON Allied Industries Plc lost ₦1.8 billion and ₦3.05 billion. Dangote Cement’s share price dropped by ₦17 from ₦170 to close at ₦153. NASCON Allied Industries declined by ₦1.15 to close at ₦3.05 while DSR lost 15 kobo to close at ₦9.75 per share.
Igboho was chained by Beninese police to prevent him from turning into a cat and escaping – Lawyer
One of the lawyers of Yoruba Nation agitator, Sunday Adeyemo popularly known as Igboho has narrated how his client was allegedly chained by Beninese police to prevent him from turning into a cat and escaping after being arrested at an airport in the neighboring country.
Olusegun Falola disclosed that when he got to the custody where Igboho was detained, he was first chained.
According to Falola, the police officers were scared that he could just disappear into the thin air because of his mystical powers.
The lawyer said;
“When I arrived from Paris and got to the custody where Igboho was detained, he was first chained. They were scared that he could just disappear into the thin air because of his mystical powers.
“The police told me that if Igboho’s chains were untied and he escaped mysteriously, he (the police officer) would be stripped of his rank and also dismissed.
“The police officer said he was told that Igboho could disappear or turn into a cat, and many other things were said to the police officers which made them tie him.”
He told The Nation that his timely intervention led to Igboho being unchained by the policemen.
Anglican Church releases statement after a Church Priest kissed 3 female students of St. Monica College
The Anglican Church has reacted to the viral video of one of its priests kissing 3 girls on the mouth.
The girls, who are students of St. Monica College of Education in Ghana, seemed uncomfortable but had to oblige as their priest kissed them on the altar, in front of the entire congregation.
The priest has now been identified as Most Rev’d Dr Cyril Kobina Ben-Smith.
The Anglican Church said that it is “saddened” by the priest’s action and investigation is underway. The Church added that the “Priest would be dealt with in accordance with the norms and values of the Anglican Communion where morality is extremely revered in the Church.”
The statement adds that efforts are being made to “engage the students through counselling sessions to avert any psychological issues that may arise as a result of the viral video”.
See the statement below…
Hushpuppi: Probe panel submits amended report on Kyari
A four-man Special Investigation Panel headed by the Deputy Inspector-General of Police in charge of the Force Criminal Investigations Department, Joseph Egbunike has submitted its report to the Inspector-General of Police, Usman Baba after being directed to probe former Head, Intelligence Response Team and Deputy Commissioner of Police, Abba Kyari.
The panel was constituted after Kyari who was indicted in a $1.1m Internet fraud allegedly perpetrated by an Instagram influencer, Abbas Ramon, popularly known as Hushpuppi and four others; AbdulRahman Juma (Abdul); Vincent Kelly Chibuzo (Kelly); Rukayat Motunrayo Fashola (Morayo); and Bolatito Agbabiaka (Bolamide), was suspended by the Police Service Commission and replaced by Tunji Disu.
Punch reported that Kyari who appeared several times before the panel, dismissed the allegations of conniving with Hushpuppi to defraud the Qatari businessman.
The publication added that the SIP sessions with Kyari were relaxed, cordial and gave the DCP the confidence that he would be absolved of the allegations as he and Egbunike have a long term relationship.
It was gathered that Egbunike is Assistant Commissioner of Police in the police Accounts Department where Kyari served for over 15 years.
A panel also told the publication that it submitted the report last week, but it was rejected by the IG for being too lenient on Kyari. A source said;
“The panel concluded its investigation and submitted its report to the IG last Thursday or Friday but the IG rejected it. He was not comfortable with the panel findings and recommendations.”
Vanguard also reported that “a pre-conclusion report was submitted on Friday last week but was returned to the SIP as the Force Management Team sought more clarifications and further explanation on some grey areas.”
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