Posts

Showing posts from January, 2016

Apple buy Nigerian IT firm for $1bn

Image
UNITED States of America’s most celebrated brand, Apple, has bought Nigeria’s Chinedu Echeruo’s HopStop.com. According to The Wall Street Journal’s publication, AllThingsDigital, it informed that though the term of the deal has not been disclosed officially, but HopStop has been compared to Israel’s Waze, which was recently acquired by Google for $1 billion. Founded in 2005, HopStop.com makes mobile applications for both iOS and Android that covers over 300 cities and that helps people get directions or find nearby subway stations and bus stops. Echeruo, formerly an analyst at investment banks and hedge funds, who founded HopStop, is now chairman of the Board for the app firm. The move, according to market intelligence, is seen as Apple’s plan to bolster its map offering especially given Google’s recent acquisition of Waze. A serial entrepreneur, Echeruo, grew up in Eastern Nigeria and attended Kings College, Lagos. He attended Syracuse University and the Harvard Business School i

GO HOME AND SIN NO MORE

Nigeria’s Minister of Justice and Attorney General, Abubakar Malami, said in Lagos on Tuesday that judges found to have corruptly enriched themselves would be prosecuted, jailed and would lose to the state any asset they acquired with such stolen funds. Mr. Malami, who was the special guest at the launch of a report by the Socio-Economic Rights and Accountability Project (SERAP) titled, “Go home and sin no more: Corrupt judges escaping from justice in Nigeria”, said judges should be beyond reproach. “Considering the pivotal role that they play in the administration of justice, it is important to ensure that Nigerian judges, like the proverbial Caesar’s wife, are beyond reproach or even suspicion. Gone are the days when corrupt judges escaped from justice in Nigeria!” “I can assure you today that in line with the cardinal agenda of President Muhammadu Buhari’s administration, the office of the Honourable Attorney General of the Federation shall ensure that every appearance of corrupt

UN demands North Korea cease "deeply troubling" nuclear activities

The United Nations has demanded that North Korea cease any further nuclear activities after its claim that it has successfully tested a hydrogen bomb. Speaking in New York ahead of a meeting of the UN Security Council, secretary-general Ban Ki-moon has described the claimed underground test as "deeply troubling" and "profoundly destabilising for regional security". North Korea's claim that it has conducted a successful test could take days to verify and may never be fully confirmed. Experts remain sceptical that an H-bomb test did actually take place. The announcement came on state television after a 5.1-magnitude earthquake was measured near the Punggye-ri nuclear test site. It comes within a month of a claim by North Korean leader Kim Jong-un that an H-bomb had been successfully developed.

EFCC Investigating Fani-Kayode For N1.7 Billion Scandal Linked To Dasukigate

Premium wikis learned that some former staffers of the former President Goodluck Jonathan’s campaign organization have petitioned the Economic and Financial Crimes Commission (EFCC) alleging that the campaign’s media leader, Femi Fani-Kayode, received N1.7 billion from embattled former National Security Adviser (NSA), Sambo Dasuki. Nigerian prosecutors have accused Mr. Dasuki, a retired army colonel, of masterminding a scheme in which more than $2 billion budgeted for purchase of weaponry for the military was instead distributed to a variety of politicians and associates of Mr. Jonathan.