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UK Court Bans THISDAY Editor and Arise TV Chairman, Obaigbena From Serving As Director Of Any Company For 7 Years

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According to the court, Obaigbena made efforts to clear some payments, but there were still large sums that remained outstanding.

The United Kingdom has disqualified the founding Chairman and Editor-in-Chief of THISDAY Media, ARISE News Channel and ARISE Magazine, Nduka Obaigbena, from serving as a director of any company in the country for seven years.

The application for disqualification was made under Section 6 of the Company Directors Disqualification Act 1986 and arose from the compulsory liquidation of Arise Networks Ltd of which Obaigbena was the sole director since its incorporation on October 30, 2012.

According to the judgement, published on BAILII, the company had zero turnovers and as of December 31, 2013, it had recorded losses of £3,854,112 and debts of £1,545,883.

Due to foreign exchange restrictions by the Nigerian government in September 2014, it was difficult to “transfer necessary funding to ARISE”.

In December 2014, the company had expense debts of more than £3 million. The debt owed to creditors led to increased pressure from late 2014 onwards due to the company’s inability to pay off its debts.

A paragraph of the judgement partly read: “As of 31 December 2014, the total losses were £12,922,174, with trade creditors (which includes those working for the company) of £3,737,445 and associates being £14,407,929. By 31 December 2015, the total losses were £24,913,106 with the trade creditors (which includes those working for the company) in the sum of £5,635,596 and associates being £19,681,779. By 22 April 2016, the total losses were £25,671,167, trade creditors (which includes those working for the company) £5,850,730 and associated companies £20,313,691. The trade creditors rose by £2,113,285 even taking into account that certain liabilities have been discharged. The associated companies’ debt during this period rose by in excess of £5 million.”

An email quoted in the judgement read, “Hi Kevin/Nduka, Happy anniversary, I have been working under contract for six months at Arise. I’ve been paid one month’s money. February’s money is three months late. Still nothing, when will I get what is owed?”

According to the court, Obaigbena made efforts to clear some payments, but there were still large sums that remained outstanding. With no certainty of when any of the payments would be made, the court took into account that it did not consider the case of dishonesty but rather unreliability.

“However, this does not mean that the case is any less serious. The public interest is served in this case, in my judgement by disqualifying Mr Obaigbena for a period of 7 years,” the judgement read.

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Arsenal Prepares €100M Bid for Napoli’s Victor Osimhen

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Victor Osimhen

Arsenal is gearing up to make a significant splash in the summer transfer market, with plans to submit a formal €100 million bid for Napoli’s prolific striker Victor Osimhen in the coming days.

This move underscores the Gunners’ determination to bolster their attacking options ahead of the new Premier League season.

The news, reported by Italian journalist Ciro Venerato, highlights Arsenal’s ambition to secure a world-class forward who can enhance their offensive prowess.

“Arsenal will make an attempt with Napoli in the next few days after many rumors,” Venerato stated, confirming the North London club’s interest in the Nigerian international.

Victor Osimhen, who has been a standout performer for Napoli, has a release clause set at €130 million (approximately £110 million).

If Arsenal were to meet this clause, it would make Osimhen the club’s most expensive signing, surpassing the £105 million paid for Declan Rice last year.

However, reports suggest that Arsenal is hoping to negotiate a lower fee, with an initial bid of around €100 million (£85 million) being prepared.

Osimhen has made no secret of his desire to play in the Premier League, and Arsenal’s interest aligns with his aspirations.

Despite missing 11 matches due to injuries and his participation in the 2023 Africa Cup of Nations, Osimhen managed to score 15 goals in 23 Serie A appearances in the recently concluded 2023/24 season.

Arsenal’s pursuit of Osimhen is part of a broader strategy to strengthen their squad after narrowly missing out on a top-four finish last season.

The club’s management is keen to add depth and quality to their roster, ensuring they can compete at the highest level domestically and in European competitions.

In addition to Arsenal, other top clubs have shown interest in Osimhen. Chelsea is reportedly monitoring the situation, while Paris Saint-Germain has also been linked with the striker as a potential replacement for Kylian Mbappe, who recently joined Real Madrid.

The potential acquisition of Osimhen would be a significant coup for Arsenal, signaling their intent to compete with the best in the Premier League.

The Nigerian striker’s blend of pace, power, and finishing ability would add a new dimension to Arsenal’s attack, complementing the talents of players like Gabriel Jesus, Bukayo Saka, and Martin Ødegaard.

As the summer transfer window progresses, Arsenal fans will be eagerly awaiting further developments. The club’s willingness to invest heavily in a player of Osimhen’s caliber demonstrates their commitment to returning to the pinnacle of English football.

If successful, this move could be a game-changer for the Gunners, providing the firepower needed to challenge for major honors in the upcoming season.

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Finidi George Resigns from Super Eagles Role, Confirms Toyin Ibitoye

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Finidi George

Finidi George has resigned from his position as the head coach of Nigeria’s national football team, the Super Eagles.

This news was confirmed by former Super Eagles media officer, Toyin Ibitoye, who announced the resignation on his social media account.

“News just in: Finidi George @FinidiGeorge_FG has resigned from his @NGSuperEagles manager position,” Ibitoye posted, causing a ripple of reactions among fans and football analysts.

Finidi’s resignation comes just days after the Nigeria Football Federation (NFF) disclosed plans to appoint a foreign technical adviser, a move seen by many as a shake-up intended to bolster the team’s performance.

This strategic decision by the NFF likely influenced Finidi’s choice to step down.

Appointed on April 29, 2024, Finidi’s tenure was notably brief. He succeeded Jose Peseiro, whose contract expired in February.

During his short spell, Finidi managed two World Cup qualifying matches, leading the Super Eagles to a 1-1 draw with South Africa and a 2-1 defeat to Benin Republic.

Despite the less-than-stellar results, Finidi’s appointment had initially been met with enthusiasm, with many hoping his extensive experience as a former international player and successful coach of Enyimba FC would translate into success for the national team.

The NFF’s decision to bring in foreign expertise highlights its commitment to enhancing the Super Eagles’ competitive edge on the international stage.

However, the timing of this announcement and Finidi’s subsequent resignation have sparked discussions about the stability and future direction of the team.

In response to the resignation, the NFF will need to expedite its search for a new head coach. This transition period is critical, especially with the ongoing World Cup qualifiers and other international fixtures looming.

Fans and stakeholders are watching closely, hoping that the new direction will bring positive changes and improved performances.

The NFF now faces the challenge of not only finding a suitable replacement but also ensuring that the transition is seamless to maintain team morale and focus.

The next few weeks will be crucial as the Super Eagles prepare under new guidance, aiming to meet the high expectations of their supporters and the nation.

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Woman Kills Boyfriend Over Dispute on ‘Yahoo Yahoo’ Earnings

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In a shocking turn of events, a 27-year-old woman, Oluchi Nzemechi, has been arrested for allegedly stabbing her boyfriend, Kelechi Nzemechi, to death over a disagreement on how to share the proceeds from their internet scam business, popularly known as ‘Yahoo Yahoo’.

The incident occurred in the Ikeduru Local Government Area of Imo State.

According to a statement released by the Police Public Relations Officer, ASP Henry Okoye, the suspect has confessed to committing the crime.

Oluchi revealed during interrogation that her boyfriend had introduced her to the world of cybercrime.

Their illicit activities recently culminated in the successful duping of an Indonesian victim out of 250 million rupiah (approximately $16,500 USD).

The fatal dispute arose when Oluchi and Kelechi were discussing how to divide the substantial sum. The argument quickly escalated, and in a fit of rage, Oluchi grabbed a kitchen knife and fatally stabbed Kelechi.

Realizing the gravity of her actions, she attempted to divert suspicion from herself by leaving a misleading note on Kelechi’s body, which read, “You think you can eat my money and go free? I am baba for the boys. I am coming for your wife and your child, including your family,” before fleeing the scene.

ASP Okoye’s statement also mentioned that Oluchi and Kelechi had been living together since 2019 and had a child together.

The police are currently taking necessary steps to recover the fraudulently obtained 250 million Indonesian rupiah to return it to the rightful owner.

The suspect is now in police custody and undergoing further investigation at the State Criminal Investigation Department. She will be arraigned in court once the investigation is concluded.

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