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First Ally announces the appointment of new group executive directors

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First Ally Capital Limited, an investment banking group, has officially appointed Mrs. Olumayowa Ogunwemimo and Mr. Tolu Osinibi as group executive directors.

In a statement released by the company, it was highlighted that Ogunwemimo has been an essential figure at First Ally Asset Management, the subsidiary of First Ally Capital, since her appointment as managing director in September 2020.

The statement also acknowledged her outstanding leadership, which has played a pivotal role in the growth and success of FAAM (First Ally Asset Management).

As a group executive director, Mrs. Ogunwemimo will continue to lead FAAM while assuming additional responsibilities within the broader Group.

Furthermore, the statement noted that Mr. Tolu Osinibi recently joined First Ally Capital in September 2023, bringing a wealth of experience from the financial sector.

Before joining First Ally, he held the position of managing director and chief executive officer at FSDH Capital Limited, the investment banking and stockbroking subsidiary of FSDH Holding Company Limited.

His professional background also includes serving as managing director/CEO of FCMB Capital Markets Limited and as a director at KPMG Nigeria, where he was responsible for corporate finance advisory services.

The statement underscored Osinibi’s expertise in financial advisory and execution capabilities, reinforcing the capabilities of First Ally.

In response to these appointments, Mr. Olufemi Akinsanya, Chairman of First Ally Capital, expressed enthusiasm, welcoming Tolu to the expanding First Ally team and commending Olumayowa’s transition from leading the rapidly growing asset management division to taking on broader Group responsibilities.

Additionally, Mr. Ebenezer Olufowose, the Group Managing Director and Chief Executive Officer of First Ally Capital, lauded Mayowa as a valuable asset to the company.

He emphasized that with Tolu’s addition to the highly skilled and experienced management team, along with the strengthening of Group and subsidiary boards,

First Ally Capital is well-prepared to fulfill its commitment to delivering outstanding services to clients and capitalizing on new business prospects and opportunities.

 

The Commissioner attributes the building collapse to structural design flaws

The recently appointed Commissioner for Physical Planning and Urban Development in Lagos State, Dr. Oluyinka Olumide, emphasized that structural defects in building designs are a significant cause of building collapses within the state.

He shared this insight during the 32nd builders conference organized by the Nigerian Institute of Building, which revolved around the theme of “Safe and Sustainable Building Production Management in Nigeria.”

Dr. Olumide pointed out that one of the recurring challenges faced with many building contractors pertains to the quality of architectural drawings.

In particular, he highlighted issues with detail errors in these designs.

He stressed the importance of builders ensuring the durability and safety of their constructions by conducting essential tests at various stages of building.

He urged his fellow professionals to exercise caution when considering designs from clients to protect their long-term reputations.

Additionally, the Public Relations Officer, Godfrey Godfrey, underscored that inadequate structural calculations can lead to building collapses.

He emphasized the necessity of adhering to precise calculations for structural elements.

He used the example of a 21-storey building collapse in Ikoyi, Lagos State, where structural errors ultimately led to the demolition of three other standing buildings due to insufficient load-bearing capacity.

Moreover, Senior Advocate of Nigeria, Oladipo Okpeseyi, discussed the implied duty of care that builders owe to their clients and third parties. He highlighted the responsibility of builders in ensuring the integrity and safety of their constructions.

He suggested that builders should engage competent professionals and draw upon their experience to guarantee the quality of their work.

Okpeseyi also brought attention to the findings of the Corona’s Inquest, which indicated that the collapse of the 21-storey building in Gerard Road, Ikoyi, was due to negligence by agencies responsible for approval and supervision.

He argued that the collapse was primarily a result of human factors within the project management schedule rather than just structural issues.

In conclusion, the discussions at the conference revealed the critical importance of rigorous building design, testing, and adherence to safety standards to prevent building collapses and protect the interests of builders, clients, and the public.

 

Amidst the leaked sex tape, Moyo Lawal maintains her resilience, declaring, ‘I haven’t lost faith; I’m still standing

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Nollywood actress and producer, Moyo Lawal, has reassured her fans that she remains resilient despite the unauthorized release of her intimate video in September.

Lawal gained widespread attention when her private video was leaked on social media in September.

While she had previously announced her intention to pursue legal action against the individual responsible for the video’s release, she also identified the man featured in the video as her former fiancé.

She emphasized that the video, which was recorded with her ex-fiancé, was never meant for public consumption, and its unauthorized distribution violated her personal boundaries.

In a recent Instagram post on Sunday, the ‘A Time To Heal’ actress shed more light on her life in the weeks following the leak of her intimate video.

She expressed, “One thing I can confirm is that appearances can be deceiving.

I engaged in such an intimate encounter only twice last year, and one of those times was the video I agreed to because he began recording after the act, and he doesn’t reside in Nigeria.”

Lawal also mentioned the effort her ex-fiancé had invested in building trust over the years, indicating plans for a future together, including a house and marriage.

Addressing the allegations that she had released the video herself, she said, “To those who believed I released the video due to baseless rumors, I refrained from pointing fingers or engaging in blame games, choosing instead to remain silent to resolve the situation swiftly.

I genuinely don’t know how to respond to you.”

She concluded by remarking, “They say adversity can make you stronger and transform you.

I pray that I can become carefree and outgoing, because living life the right way has demonstrated my resilience to my adversaries.

To whoever orchestrated this scheme to torment me and derail my career, I want to make it clear that I haven’t lost my faith; I stand strong, continue to strive, thrive, and am well-supported.

 

I’m not open to dating men who live in the Lagos Mainland area-Moet Abebe

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Media personality Laura Monyeazo Abebe, who is widely recognized as Moet Abebe, has openly expressed her reluctance to date men residing on the mainland in Lagos.

She articulated her reasons, suggesting that such men might offer excuses when she requires their presence.

During an interview with reality TV star Tolani Baj, the influential media figure conveyed her perspective.

She stressed her hesitation to be romantically involved with someone based on the mainland, mainly due to her concerns about potential late-night interactions.

In her words, “I have always said this thing, I cannot necessarily date someone that lives on the mainland.

I feel like if I call you at 11 pm, you will probably give me some story like it is too late, there are police on the street, I cannot come.”

Moet Abebe’s standpoint on marriage has been previously characterized as a “fraud,” and she shared details about enduring an “abusive” relationship with her ex-fiancé for approximately two and a half years in June.

More recently, she voiced her perspective that societal pressure remains a driving force behind many women’s desire to marry, even when the motivations may not be genuinely aligned with their personal desires.

I have just noticed that a lot of people are getting married for the wrong reasons.

A lot of people are doing it because of pressure,” she remarked.

 

BTS:Am Dedicated To Leaving A Lasting Legacy By Nurturing A New Generation Of Intellectual Filmmakers – Filmmaker Titi Jeje

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Nollywood Director Titi Jeje, a renowned filmmaker, said he is dedicated to leaving a lasting legacy by nurturing a new generation of intellectual filmmakers who will create exceptional films.

Recently, on a set of a new movie with his direction titled Aṣiṣe (ERR), which is co-produced by Toun Adeniran Odion and Adebowale Smith. The screenplay for this film is skillfully crafted by Tomiwa Obigbesan, alongside a team of talented filmmakers. The creative director reveals his philosophy is to make movies with qualities that will last for decades he revealed.

The crew members involved in the production of Aṣiṣe (ERR) are as follows:

– Titijeje: Director- Joseph Adebola: Assistant Director 1- Opeyeyemi Raji: Sound Recordist- Oluwabori Balogun: Assistant Director- Samod Oriyomi: Director of Photography 1- Timothy Rufus: Director of Photography 2

– Obigbesan Tomiwa: Dialogue Director- Blessing Joseph- Aje Ajanat: Production Manager- Adebayo Oluwaseun: Location Manager- Damilola Fawole: Gaffer

– Usman Balogun: Boom Operator- Adedokun Olamide- Shina Olanrewaju: Location Driver- Tajudeen Quadri: Spark- Blessing Joseph: Makeup Artist- Christiana Akogun: Continuity

The cast of Aṣiṣe (ERR) includes talented actors such as Obatidey Kelvin, Aina Gold, Adedapo Adewale Smith, Toun Niran Odion, Princess Titilola Isijola, Ladi Folarin, Juliet Jatto, Olaide Olajire, and Funmilayo Jesse.

Under the guidance of Titi Jeje, these aspiring filmmakers, who are graduates of his academy, have come together to create a captivating and thought provoking movie. As we all anticipate the movie soonest which is at post production mode, more projects are set to be released from the stable of city hills media.

 

Check out some of the the Behind The Scenes Pictures below:

Gabriel Afolayan: Undeniably One Of Nigeria’s Most Versatile Actor

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Gabriel Afolayan is undeniably one of Nigeria’s most versatile actors. This extraordinary individual possesses an unparalleled combination of humility, charisma, and intellect that sets him apart from the rest.

Gabriel Afolayan’s presence on the screen is nothing short of captivating. With his remarkable talent, he effortlessly immerses himself into a multitude of diverse roles, leaving audiences in awe of his versatility. From heart-wrenching dramas to exhilarating action-packed thrillers, he fearlessly embraces every challenge thrown his way, breathing life into each character with an unmatched intensity.

Boda Kasali I’m Ijogbon Movie

Beyond his undeniable talent, Gabriel Afolayan exudes an aura of humility that is both refreshing and inspiring. Despite his immense success and recognition, he remains grounded, never allowing his achievements to overshadow his genuine and down-to-earth nature. This rare combination of talent and humility is what truly sets him apart as a remarkable individual in the world of acting.

But it doesn’t end there. Gabriel Afolayan’s cool demeanor adds an extra layer of intrigue to his persona. Whether he’s gracing the red carpet or engaging in thought-provoking interviews, his effortless charm and composed presence leave a lasting impression on all who encounter him. He effortlessly navigates the complexities of the entertainment industry, always maintaining his composure and grace.

 

Moreover, Gabriel Afolayan’s intelligence shines through in every aspect of his work. His ability to analyze and understand the intricacies of each character he portrays is a testament to his dedication and commitment to his craft. He delves deep into the psyche of his roles, meticulously crafting performances that resonate with audiences on a profound level.

Ngeria records a significant drop in dollar supply a day after the Central Bank of Nigeria lifted the forex ban on 43 items

Ngeria records a significant drop in dollar supply a day after the Central Bank of Nigeria lifted the forex ban on 43 items

 

The apex bank in a major monetary policy shift, on Thursday, restored the 43 items which were banned from accessing forex since June 2015 in order to, according to it, “sustain the stability of the foreign exchange market and the derivation of optimum benefits from goods and services imported into the country.”

 

Items on the list include rice; cement; toothpicks; margarine; palm Kernel/Palm oil products/vegetable oils; meat and processed meat products; vegetables and processed vegetable products; poultry – chicken, eggs, Turkey; Soap and cosmetics; tomatoes/tomato pastes; milk; maize and tinned fish in sauce (Gelsha)/Sardines.

 

The CBN in a statement signed by the Director, Corporate Communications, Isa AbdulMumin, said it would continue to promote orderliness and professional conduct by all Nigerian foreign exchange market participants to ensure market forces determined exchange rates on a willing buyer – willing seller principle.

 

The statement added that the apex bank has set as one of its goals the attainment of a single FX market.

 

Mixed reactions trailed the decision as some experts warned that the new policy might worsen the forex challenge as it would increase demands without commensurate boost in supply.

 

Data from the FMDQ showed a decline in dollar supply at the Investor & Exporter forex window on Friday, a day after the policy was announced.

 

The I&E window on Friday recorded a turnover of $53.02 million from $407.66 million on Thursday, representing a decline of 86.99 percent.

An additional 50 winners have been announced in the Polaris promotional campaign

Polaris Bank recently celebrated the success of 50 fortunate individuals in its monthly ‘Save N Win’ promotional draw, a program designed to appreciate and give back to its valued customers.

The draw took place at the Polaris Bank Headquarters in Victoria Island, Lagos.

In an official statement, it was highlighted that the bank’s unwavering commitment to customer satisfaction was clearly evident during this transparent draw event.

This event was closely monitored by representatives from regulatory agencies in Nigeria, including the Federal Competition & Consumer Protection Commission and the Advertising Regulatory Council of Nigeria, who ensured the fairness of the draw.

The 50 lucky winners were a diverse group hailing from different regions across all six geo-political zones in Nigeria.

Each winner was awarded a substantial cash prize of N10,000.

The selection process combined both in-house and virtual participation, employing a hybrid media technology to draw winners randomly.

This approach ensured an inclusive and thrilling event for all participants.

Dele Adeyinka, the Chief Digital Officer of Polaris Bank, expressed heartfelt appreciation to the bank’s customers for their trust and ongoing support.

He reaffirmed the bank’s steadfast dedication to improving the financial well-being of both its existing customers and potential clients.

 

Labour urges the Federal Government to provide no advance notice prior to the upcoming strike

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The Trade Union Congress announced on Saturday that the temporary suspension of the nationwide strike scheduled for October 1 is contingent upon the President Bola Tinubu-led administration fulfilling the conditions outlined in the Memorandum of Understanding signed by the Federal Government and Organized Labor.

Furthermore, labor leaders rejected the governors’ assertion that they wouldn’t implement the MoU’s demands, citing the provision of palliatives for state civil servants and residents before the MoU was finalized.

Tommy Etim, the National Deputy President of the Trade Union Congress, conveyed these points during an interview in Abuja.

It’s important to note that both Organized Labor and the Federal Government had signed a 15-point agreement in the MoU, which was publicly disclosed on October 1, 2023.

Addressing concerns about governors failing to honor the agreement, Etim remarked, “That’s not feasible.

In any case, we’ve contacted our representatives in the states and sent letters to that effect.”

Regarding the progress made with the government, the labor leader stated, “The 30-day ultimatum we issued remains in effect.

We’ve given them ample time, and we believe they’re actively addressing the issues. Our decision to suspend the strike was a temporary one. Resuming a strike requires no further notice.

We’ve fulfilled our part, and now we await their response.

Sheikh Jassim of Qatar has decided to withdraw his offer to purchase Manchester United

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Qatari banker Sheikh Jassim Bin Hamad Al Thani has decided to withdraw his bid to acquire Manchester United, as reported by the BBC.

Approximately a year ago, Manchester United’s board began exploring various strategic options to foster the club’s growth, which included the possibility of a complete sale.

Sheikh Jassim and British billionaire Jim Ratcliffe emerged as the leading contenders after multiple rounds of bidding earlier this year.

However, the progress in this process has come to a standstill in recent months, despite mounting discontent among the fans directed at the current owners, the Glazer family.

The Glazers, who have owned the English football giant since a leveraged takeover in 2005 for £790 million ($961 million), significantly burdening the club with substantial debts.

Recent figures in March revealed that Manchester United’s debts have escalated to £970 million.

Nevertheless, the Glazers are reportedly holding out for an unprecedented sum in excess of £6 billion, which would constitute a world record fee for a football club.

Sheikh Jassim’s bid aimed to secure full control of Manchester United while promising to eliminate the club’s debt.

In contrast, Ratcliffe is purportedly open to acquiring a smaller stake in the club as a potential solution to break the ownership deadlock of the 20-time English champions.

Manchester United’s on-field performance has also diminished during the Glazers’ ownership.

The club has not clinched the Premier League title since the retirement of former manager Alex Ferguson in 2013, and their last UEFA Champions League victory dates back to 2008.

Currently, the team is positioned in 10th place in the Premier League and has experienced an unprecedented setback by losing their first two matches in the Champions League group stage, marking a historic downturn for the club