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Yearly Archives: 2016

Panama Papers: Ex-Nigerian Minister Bought Two Penthouses in Panama for $2.6m

Panama Papers: Ex-Nigerian Minister Bought Two Penthouses in Panama for $2.6m

According to leaked data from Panamanian law firm, Mossack Fonseca, a former Minister for National Planning, Rasheed Gbadamosi, bought two luxury penthouses worth $2.6m in Panama in 2008 while serving as the Chairman of the Petroleum Products Pricing Regulatory Agency. According to a documents sighted by Nigerian online newspaper, Premium Times, Gbadamosi who was recently appointed co-chairman of the Lagos ...

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This Beautiful Spanish Mansion Is All Yours For £2.7m

This Beautiful Spanish Mansion Is All Yours For £2.7m

For the perfect family summer retreat, look no farther than this four-storey, seven-bedroom domestic paradise located in affluent Costa Maresme, 22 miles north of Barcelona, Spain and overlooking a world famous golf course. It comes with a striking white color scheme with a terracotta slate roof, a perfect garden and swimming pool complete with bar area and dressing rooms, there’s ...

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New York Home of Late John Gutfreund Goes on Sale for $120million

New York Home of Late John Gutfreund Goes on Sale for $120million

This palatial 20-bedroom mansion located in New York’s Upper East side has belonged to John Gutfreund, a onetime ‘King of Wall Street’ and his wife Susan since the 1980s. Gutfreund who was the former CEO of Salomon brothers died in March 2016 of complications from pneumonia at age 86 and his wife is now reportedly selling the apartment because it ...

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GKS Urges Govt. Intervention In Land Dispute

Victims of Ayobo homes demolition get fresh land allocation

A real estate firm, GKS Properties, has urged the Lagos State Government to intervene in a land dispute between it and one Ayodele Eniola. The land, at Phase II Block B Plot Parcel 3&4, Gbagada Industrial Scheme on Anthony-Gbagada Expressway, was allocated to Real Properties Limited in 2007. At a press briefing yesterday, a representative of GKS Properties, Navy Commander ...

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Nigerian Religious Centres and their Neighbours (Part 1)

Religion is an inescapable involvement of every member of the human race. Whether directly or indirectly, an individual communes with whatever deity his mind chooses to adopt spiritually or physically. In other words, we are all religious in the sense that we believe in the sacred and are committed to one faith or the other. This accounts for the zeal ...

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EFCC Seize Diezani Alison-Madueke’s Houses & Other Diamond Jewelry

$4.760m property

The Economic and Financial Crimes Commissions (EFCC) has seized properties belonging to former Minister of Petroleum, Mrs. Diezani Alison-Madueke. The Nation reports that EFCC confiscated houses and a very expensive wrist watch worth £600, 000 as well as other gold and diamond jewelry from the former minister who is being prosecuted at the Westminster Magistrate’s Court in London for money ...

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Court Grants Bianca Ojukwu Leave to Re-open Property Testimony Suit

Court Grants Bianca Ojukwu Leave to Re-open Property Testimony Suit

A Lagos State High Court Justice has granted the widow of the late Ikemba of Nnewi, Chukwuemeka Odimegwu Ojukwu, Bianca Ojukwu leave to re-open her evidence-in-chief, in the case she instituted against her husband’s family. Justice Abdulfattah Lawal granted Mrs. Ojukwu leave as she had on behalf of her two under-aged children, Afamefuna and Nwachukwu (claimants) dragged Ojukwu Transport Limited ...

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NMRC Appoints 4 Independent Directors

Nigeria Mortgage Refinance Company Lists Shares On NASD

The Nigeria Mortgage Refinance Company (NMRC) has appointed four independent Directors to serve on its Board, in line with its commitment to adopting international best practices in corporate governance. Those appointed include Professor Charles Okeahalam, who will also serve as the Chairman of the Board of Directors; Mr Charles Adeyemi Candide-Johnson (SAN); Mrs Fatima Wali-Abdurrahman and Mrs. Anino Emuwa. Dr. ...

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Another Kano Market Gutted by Fire

Kano multi-billion naira mega cities

A night fire on Tuesday razed down many shops and temporary stalls at Kano’s century-old market, Kasuwar Kurmi. Premium Times reports that the famous market, located in the heart of the city, was a center of trans-Saharan trade in the pre-colonial era. A trader, Sani Muntari, said the Kurmi Market fire started around 8.30pm of Tuesday night and raged till ...

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