Dangote loses N935 billion in two days, now 38 on Forbes list

Dangote was the pride of Africa when he climbed into the 23rd position on Forbes list.  But just 24 hours later he plummeted to 38th position due to lose of $5billion.    He moved from 43rd position to 23rd, 37th and finally now occupies 38th position.

His net worth of $20billion climbed to $25billion, dropped to $21.3billion and is now $19.5 billion.   He is said to have lost chunk of his fortunes on the stock market shedding about N20 per share on Dangote cement in just two days.

On Wednesday November 5, it was N208.85 per share but by Tuesday November 7, it was N188.33 per share.  By Monday November 10, 2014, Dangote cement had lost further N9.42 finally settling at N179.11 per share.

Will ousted Burkina Faso president seek asyum in Morrocco?

Moroccan state media says former Burkina Faso President Blaise Compaore has arrived in Casablanca from Ivory Coast, where he initially sought refuge after demonstrations brought down his government last month.

The report said Compaore, who held power for 27 years, arrived in Morocco last night with five other people.  Compaore has not yet settled on a long-term plan, the report said he would be in the country for a "fixed" term. No other details were given.

 

 

Local Government Chairman abducted in Osun State, Abductors demand N50million ransom

The abductors of the head of Atakumosa West Local Government Council, Osun State, Mr. Kunle Falode are asking for N50million ransom for his release.

Falode was kidnapped as he was about to enter his residence on Wednesday at about 7.30pm.  The kidnappers were said to have allowed him to speak to members of his family while threatening to kill him if the family fail to raise the ransom money.

His wife and other family members are said to be very troubled.

Duchess of Alba with a fortune of over 3 billion pounds left nothing to husband no. 3 in her will (See photo album)

Popularly called Cayetana, The Duchess of Alba left behind a fortune of more than 2.2 billion pounds. She also left behind palaces, castles, 50,000 pieces fine works of art and 18,000 rare books.

The billionaire who left behind six children and eight grand children will see each of the children inheriting a palace each and  thousands of acres of land in Spain.

The 88-year-old raised eyebrows and caused family friction in 2011 when she married Alfonzo Diez, who was 25 years her junior.

'Man's greed will destroy the world - Pope Francis

Pope Francis has sent out a stern warning saying the world is risking a doomsday scenario if the world would not stop abusing its resources for profit. He made the above statement at the 2nd International Conference on Nutrition this morning in Rome. 

 

The Pontiff urged world leaders to put aside their greed and help the poor and hungry.  He said, ''God always forgive, but the earth does not.'' 'Take care of the earth, so that it does not respond with destruction.''

 

 

Former Governor of Taraba State reinstated by the Supreme Court

The Supreme court has ordered the immediate reinstatement of the Deputy Governor of Taraba State, Alhaji Sanni Abubakar Danladi who was impeached by the Taraba State House of Assembly in October 2012.

 

The Supreme court in an unanimous decision stated that the impeachment panel set up by the House of Assembly violated the right to fair hearing of Danladi.

 

 

 

Another Muslim Brotherhood Leader arrested in Eqypt

The last remaining senior leader of the Muslim Brotherhood who was not in prison was arrested yesterday by the Egyptian police, closing off the government’s main channel of communication with the group.

 

The leader, Mohamed Ali Bishr, is considered a moderate within the Brotherhood, Egypt's main Islamist organization and the sponsor of the political party that won the most votes in Egypt’s free elections. President Mohamed Morsi, who won office with Brotherhood backing, was ousted when the military retook power in 2013.

 

 

Ebola death toll in Sierra Leone still on the increase

The WHO has come out to say transmission of the deadly virus is still “intense and widespread” in Sierra Leone.  There was an added number of 243 deaths and 732 cases since those issued last Friday, and cases continue to be under-reported said WHO.  Sierra Leone, a former British colony, confirmed 533 new cases from November 10th to 16th. 

 

There is growing awareness on the need to conduct safe burials for suspected Ebola victims in Sierra Leone.  The Ebola virus is highly infectious and remains active in the corpses of victims, only specialized teams in protective clothing are allowed to remove and dispose of the bodies.  Each team has 12 workers and every member of a team earns about $100 a week.

 

Emmanuel Adebayor of Tottenham Hotspur accuse his mother of being a witch

Emmanuel Adebayor who plays for Tottenham Hotspur is currently at loggerheads with his family accusing his mother of being a witch and that she and other relatives were doing rituals against him.

 

According to Margaret, Adebayor's cousin, for the past 6 years Adebayor has rejected his mother and immediate family on the premise that our mother is a witch.  ''We have been thinking about his future as a footballer and did not want this issue out in the public.''  Could you believe Adebayor orders his men to sack our mother, his own mother from a house he built in Togo claiming she is a witch?  As I speak, our mother lives in an apartment rented by our junior brother Kola Adebayor who lives in Germany.''  ''My mother weeps over this issue every day.  Anytime our mother or any of his relatives calls and he realises, he will quickly cut off the call.''

120 APC Lawmakers sign notice to impeach President Jonathan

More than 120 APC lawmakers have signed an impeachment notice to remove President Jonathan in December as soon as the house reconvenes, as a result of the fracas which took place at the National Assembly on Thursday.

Another town in Borno attacked by insurgents, 45 deaths recorded

The town of Azaya Kura in the Mafa area of Borno was yesterday attacked by Islamic extremists Boko Haram leaving 45 people dead and many others injured.

 

The Chairman of Mafa Local Government Area called the attack ''wicked and despicable.'' ''We have counted 45 bodies so far.''

 

Residents of the town said many others may have died from loss of blood after fleeing into the bushes with bullet wounds.

 

Mafa and its surrounding towns/villages have come under countless attacks from the insurgents in the past.  On October 26, the insurgents abducted 30 boys and girls, as young as 11 and 13 years.  March 2014, 29 people were killed by the extremists.

 

National Assembly shut down by the Senate President

Nigerian security forces fired teargas inside the parliament complex as opposition lawmakers, including the speaker of the lower house, arrived for a key vote on emergency rule in the northeast.
 

The leader of the Senate, David Mark, later ordered the immediate closure of both chambers until next week over the incident. This was as a result of the confusion that engulfed the complex earlier today.
 

Multiple reports, including from eye witnesses, indicated that security agents tried to block House of Representatives Speaker Aminu Tambuwal, who defected to the opposition last month, from entering the building.

 

 

Spain richest duchess dies aged 88

The Duchess of Alba, Maria del Rosario Cayetana Fitz-James Staurt, Spain's richest woman has died in Seville after a short illness aged 88 years.  She is the world's most titled noble.

 

The eccentric Duchess Alba was the head of one of Spain's oldest noble families.  She was also widely loved in Spain.

 

Earlier this week, she was treated for Pneumonia in the hospital but had to be taken back home.  She is survived by six children and a husband Alfonso Diez, a civil servant who is 25 years younger than her.  They got married in 2011.  She overcame opposition to the marriage from her children by giving them their inheritance in advance.

 

Suspects in court for beating and stripping naked three policewomen

The police authorities at the Oregbeni Police Station, Ikpoba Hill, Edo State are currently fuming over the beating and stripping naked of three of their colleagues (policewomen) by a group of persons at the Oregbeni Quarters.

 

The policewomen were said to have gone on the invitation of a landlady who wanted one of her tenants arrested.

 

Trouble started when the tenants who they met having her birth insisted on finishing with her bath before following them to the station.  Fracas broke out when the police officers refused and insisted the lady must follow them.  Other residents in the area were said to have joined the tenant to beat up the policewomen.

 

24-year-old commits suicide in the church

A police team in Owo, Ondo State are trying to unravel the reason why 24-year-old man, Lanre Falodu committed suicide in a church.

according to Tunde, the deceased brother, Lanre was taken to the church to seek spiritual solutions to his problems.  He was said to have at about 5.30am on the very ill-fated day escaped and was later found to have hung himself on a tree.

The pastor of the church who discovered his lifeless body reported the case to the police.  A team from the police station was dispatched to the scene of the incident where the deceased body was removed and deposited at the Owo general hospital.

 

 

Boko Haram now attack more towns in Cameroon

The Islamist extremists Boko Haram are now targeting and attacking more towns with sophisticated weapons in Cameroon.  According to Leopold Nlate Ebale, the establishment of a caliphate by Boko Haram is not aimed only at Nigeria but also Cameroon.

 

Boko Haram's focus have mainly be on towns in the North Western part of Nigeria.  Occasionally attacking some border towns in Cameroon and using them as bases for rest and to stock up with arms and food.  Recently, its attacks are now spreading further into southern part of Cameroon.

 

One dead, three wounded in a Tallahassee campus library shootout

Three people have been wounded and an armed assailant shot dead in a shooting incident at the Florida State University campus in Tallahassee.  The incident took place inside the university's Strozier Library, where the gunman fired five to six gunshots.

Tallahassee police said they confronted the suspect outside the library block, where he opened fire on officers and was shot dead.  Three people were wounded in the incident, according to police spokesman David Northway.

 

Sisters arrested for trying to smuggle marijuana to brother in prison

Two sisters, Shade Oyetobi and Atinuke Adebanwo are currently in police net for attempting to smuggle wraps of marijuana to their brother Babatunde Oyetobi, an awaiting trial inmate who is being held in a holding cell for awaiting trail inmates.  Babatunde was arrested for street fighting and has been in prison custody for the past two years.

 

One of the sisters, 24-year-old Shade said the marijuana was given to her by Jamiu  one of  Babatunde's friends.

Nigerian military recaptured Adamawa towns, lecturer undergoing interrogation for having links with Boko Haram

According to a statement posted on the Nigerian Military twitter handle yesterday, it stated that the towns of Gombi, Hong and Pelia have been recaptured by the Nigerian military troops.  Also, it said during the confrontation between the military and Boko Haram, many of the insurgents were killed and others arrested.  Arms and ammunitions were recovered.

 

A security source said the military authorities had carried out a huge deployment of personnel for the mission to liberate the communities in the area.

50 million Nigerians defecate in the open, 119 million lack proper toilet facilities

The Communication Specialist of the United Nations Children Fund, Mr. Geoffrey Njoku yesterday stated that about 119 million Nigerians were not using safe toilets.  He said ''Some 2.5 billion people worldwide do not have adequate toilets and among then one billion defecates in the open.  Here in Nigeria, about 119 million people are not using safe toilets while 50 million out of this defecate in the open.''

 

Nigeria is said to be among the top five countries in the world with high population practising open defecation and this number have increased since 1990.  Lack of safe, clean toilet and practise of open defecation seriously impact people's health, wellbeing and dignity as well as efforts towards poverty reduction as well as economic and social development.