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Real Madrid Appoint Lopetegui As New Boss

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Real Madrid have announced that Julen Lopetegui, will take over as manager after the 2018 World Cup.

Lopetegui is currently with Spain national team, preparing for the tournament.

“Julen Lopetegui will be the coach of Real Madrid after the 2018 World Cup in Russia.

“Real Madrid CF announces that Julen Lopetegui will coach the first team for the next three seasons.

“Julen Lopetegui will join the club after the participation of the Spanish team in the World Cup, after two years leading the national team,” a club statement read.

This brings an end to speculations surrounding who would replace Zinedine Zidane as manager at the Santiago Bernabeu.

Zidane resigned from the position last month, after winning a third consecutive Champions League title with the LaLiga giants.

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NYSC announces registration date for 2019 Batch B corps members

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The National Youth Service Corps (NYSC) has announced the registration date for the 2019 Batch B prospective corp members.

The scheme took to its Twitter handle to disclose that the registration process for the batch would commence from Saturday, June 1, 2019, to Wednesday, June 12, 2019.

“This is to inform 2019 Batch “B” Prospective Corps Members that Online Registration commences on Saturday 1st June to Wednesday 12th June 2019 Signed: Management,” NYSC wrote.

On the issue of NYSC stipends, Zainab Ahmed, minister of finance, as confirming that corps members under the NYSC scheme would receive the new minimum wage of N30,000 as allowance.

“…There would be an increase for the National Youth Service Corps as well because, by the Act, they should earn at least the minimum wage and the NYSC also has to increase to that N30, 000,” she said.

“So, because we have not done the negotiation with labour, I cannot give you the details of what we are projecting because it is simply on projections.”

While the NYSC DG and other officials of the scheme have severally reassured corps members of the increase, in accordance with the newly signed minimum wage into law, Mohammed Mohmoh, Lagos state NYSC coordinator, said the commission is waiting on a circular from the federal government to that effect.

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Crime

Court Convicts Former NIMASA DG, Obi over N136million Fraud

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The Economic and Financial Crimes Commission, EFCC, on Thursday, May 23, 2019, secured the conviction of a former acting Director-General, Nigerian Maritime Administration and Safety Agency, NIMASA, Callistus Obi. Also convicted was Alu Dimas, an aide to Patrick Akpobolokemi, a former Director-General of NIMASA. They were convicted by Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi.



The duo were arraigned alongside two companies, Grand Pact Limited and Global Sea Investment, on April 12, 2016 on an eight-count charge bordering on conspiracy, conversion, and money laundering to the tune of N136million (One Hundred and Thirty Six Million Naira).

The prosecution proved that the convicts converted the sum of money, N136million, belonging to the Agency to their personal use on August 5, 2014.

One of the counts reads: “That you, Callistus Nwabueze Obi and Dismas Alu Adoon, on or about the 5th day of August 2014, in Lagos within the jurisdiction of this Honourable Court, did conspire amongst yourselves to commit an offence to wit: Conversion of the sums of N111, 000, 000.00 (One Hundred and Eleven Million naira) property of NIMASA, knowing that the said sums were proceeds of stealing, and thereby commited an offence.”

The defendants pleaded not guilty to the charge preferred against them, thereby leading to their trial.

In the cause of the trial, the prosecution called eight witnesses and tendered several documents, which were admitted in evidence by the court.

At the resumed hearing today, Justice Olatoregun discharged and acquitted the defendants of the charge of conspiracy preferred against them.

The Judge, however, convicted them of conversion and money laundering.

The Judge said:  “The prosecution has proved the charges preferred against you beyond reasonable doubt with evident conversion and money laundering of N136million”.

Justice Olatoregun, however, deferred sentencing to May 28, 2019 and ordered that the convicts be remanded in prison custody.

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Zenith Bank Emerges First Nigerian Bank To Repeatedly Audit Its Carbon Emissions

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Zenith Bank Plc was presented with a Certificate for Greenhouse Gas Auditing by V4 Advisors after a successful completion of the Bank’s Greenhouse Gas Audit for the 2018 Financial Year. The presentation of the certificate and the report of the Auditors was done by V4 Advisors at the Zenith Bank Head Office on May 21, 2019.

The Executive Director, Dr. Temitope Fasoranti, who received the certificate on behalf of the Bank said the Bank started this effort with the 2016 Financial Year and has carried out three greenhouse gas audits to date.  He explained that the Bank understands the relationship between greenhouse gas emission and climate change and appreciates the role it is expected to play towards combating the menace of climate change.

Also speaking on the milestone, the Country Manager, Lynsey Elston highlighted that Zenith Bank is the first Nigerian bank to consecutively report the carbon emissions of their Head Office in Lagos using a certified tool which is built on the internationally recognized “GHG Protocol”. 

She commended the bank for proving its commitment to United Nations Global Compact (UNGC) Goal 13, Climate Action, in addition to complying with Global Reporting Initiative (GRI) Standards.”  In response to her, the Executive Director said the initiative has significantly helped the bank reduce its overall carbon footprints and drive energy efficiency.

V4 Advisors is a UAE-based provider of advisory and consulting solutions on climate change and greenhouse gas emissions. The firm’s calculation and reporting tool has been reviewed by the World Resources Institute (WRI) for conformance with the GHG Protocol Corporate Standard.

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