High Street

Although he likes to play it cool and dissociate himself from the political scene and its many drama,yet, those in the know are quipping that one of the men who will stand as a financial backbone to the presidential candidate of the People’s Democratic Party, PDP, Alhaji Atiku Abubakar is the chairman of telecoms giant, Globacom, Dr. Mike Adenuga Jnr. Sources in the know claim that asides former dictator, General Ibrahim Babangida, RTD, one of the biggest benefactors of the Ijebu-Igbo born billionaire is Alhaji Atiku Abubakar. It was disclosed that, but for the deft moves of the Turaki Adamawa, Adenuga may not have got the GSM licensed that berthed Globacom in 2001. Sources disclosed that, at some point, it had become almost certain Communication Investments Limited, CIL, the vehicle through which Adenuga made a bid for the GSM license at the federal government auction was going to lose out on the bid, especially at some point when the license already issued to the compan...

A financial institution, United Bank for Africa has made an important decision. Sources confirmed the management of the bank with Kennedy Uzoka as the Group Managing Director has suspended use of its cards in world fastest growing economy China. ‘'We are not allowing use of our cards in China until further notice'' the bank wrote to customers societynow.ng confirmed. Societynow.ng gathered one of the nation's leading financial institution premise the decision on security reasons. ‘'For protection was written on the communication sent to me'' a customer informed societynow.ng. Further checks by societynow.ng revealed that the decision by UBA to stop the use of its cards in one of the world's industrial hub is ‘'till further notice''. The bank promised to notify customers once the restriction on the cards is lifted societynow.ng gathered. Highstreetng.com's findings revealed that this development ...

Angry, antagonistic politicians in Lagos State may be hitting their heads against the wall, circling and waiting to swoop on Niyi Makanjuola, a 30-something year old dark-hued dude behind the much-talked about Visionscape, over his company’s multi-million dollar deal with Lagos State, but the billionaire young man is not losing any sleep at all. Though, not again is the grandstanding of having some steady billions from the Lagos State coffers. Within the last one year, the Financial Economics graduate of the University of Essex, England, has made a kill from the deal. Though self-effacing and intensely private, sources say Niyi has been on a spending binge with the accruals from the Lagos/Visionscape deal. In fact, more than ever before, he seems to be on a roll and has remained his bubbly self. Indeed, nothing has changed in his lavish lifestyle of vintage bubbly and expensive cognacs or sailing on blue territorial waters in luxury yachts with supple, ready-to-do-your bidd...

The governorship candidate of the Peoples Democratic Party in Kwara State in the forthcoming general elections, Razak Atunwa, did not participate in Nigeria’s compulsory national youth service scheme, PREMIUM TIMES can authoritatively report today. Instead, he procured a forged discharge certificate of the National Youth Service Corps (NYSC) which he submitted to the PDP to prove his eligibility for public office. The fresh revelation about Mr Atunwa came about four months after PREMIUM TIMES exposed then finance minister, Kemi Adeosun, for engaging in similar conduct, and just a little over a month since the embattled official was forced to resign as a result of the scandal. The Kwara politician’s conduct also came to light exactly a month after this medium reported that the Minister of Communications, Adebayo Shittu, also dodged the compulsory service, making him ineligible for public office and employment in Nigeria. Although the minister was later disqualified by his pa...

Details available to societynow.ng revealed the stormy talks about a planned impeachment of Lagos Governor Akinwunmi Ambode may just be a “face-saving ruse after all”. According to claims by the Ambode’s men the plot to impeach the embattled governor has roots in the orchestration of political leader Bola Ahmed Tinubu. The move is alleged to be the fallout of the protracted political fight that saw the governor lose his re-election ticket as the gubernatorial candidate of the ruling All Progressives Congress in Lagos state for the 2019 general election. The planned ouster of Ambode as Lagos Governor is said to be connected to increasing talks he is planning a defection to another political party – after he was denied re-election opportunity in APC. Insiders, however, insist to societynow.ng that the impeachment talk is “mere agenda setting”. “The governor and his people are trying to wipe up sympathy and at the same time pre-empt possible action against him after seeing t...

The National Chairman of the All Progressives Congress, Adams Oshiomhole, on Sunday raised the alarm over what he described as a plot against him by unnamed party stakeholders. The alarm was sequel to news reports that some high-ranking party stakeholders including some close associates of President Muhammadu Buhari and some unnamed state governors were plotting to ease him out. Oshiomhole alleged that the stakeholders were mostly party members who were uncomfortable with his “positive” reforms. Oshiomhole’s allegations were contained in a statement signed by his Chief Press Secretary, Simon Ebebgulem, in Abuja on Sunday. According to him, the position of such stakeholders was recently given a voice via pronouncements made by a former APC presidential aspirant, Alhaji Mumakai Unagha. Unagha was quoted as saying that the APC would not win the 2019 general elections with Adams Oshiomhole as national chairman. Oshiomhole said the APC National Working Committe...

The Economic and Financial Crimes Commission has assembled 22 witnesses to testify against the immediate-past Ekiti State Governor, Mr Ayodele Fayose, in court. The anti-graft agency is set to arraign the former governor before the Federal High Court in Lagos on Monday (today) for an alleged fraud of N2.2bn. It alleged that Fayose took possession of the money “to fund your 2014 gubernatorial campaign in Ekiti State, which you reasonably ought to have known formed part of the proceeds of an unlawful act, to wit: criminal breach of trust/stealing.” Among the witnesses lined up to testify against the ex-governor is a former Minister of State for Defence, Musiliu Obanikoro, and a former Group Managing Director of Diamond Bank Plc, Mr Alex Otti. Also to testify is Ayotunde Owope, said to be Fayose’s account officer. According to the EFCC, Owope opened a bank account for Fayose and “he will give evidence on how funds were transferred from one account into another.” Obanikor...