Man, 25, in court for alleged rape

  A 25-year-old unemployed, Sunday Salami, on Monday appeared before an Ikeja Chief Magistrates’ Court on Monday for alleged rape. The accused is facing a charge of allegedly raping his neighbour’s daughter. The prosecutor, Insp. Clifford Ogu, told the court that the accused committed the offence on May 11 in his residence at Burahimo Street, Bariga in Lagos State. Ogu said that the accused invited a 14-year-old girl, daughter of his neighbour, into his room on the pretext that he was sending her on an errand. “The accused shut the…

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Arsenal’s not for sale, Kroenke tells Usmanov

Arsenal majority shareholder Stan Kroenke says his shares “are not, and have never been, for sale”. The American’s company released a statement on Monday following the recent £1billion bid by Alisher Usmanov to take full control of the Gunners. Kroenke Sports and Entertainment added it was “a committed, long-term investor in Arsenal and will remain so”. The statement comes a day after Arsenal failed to qualify for the Champions League for the first time in 20 years. Kroenke has a 67% stake in Arsenal. Usmanov owns 30% but is not…

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S&P assigns ‘B/B’ ratings, stable outlook to UBA

International Rating Agency, Standard and Poor’s, assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc. These ratings on the pan African financial institution are at par with S&P ratings on the Nigerian Sovereign. More so, S&P’s ‘B’ rating is the highest rating currently assigned to any Nigerian-based financial institution, thus reinforcing the respectable quality and strength of UBA, the third largest Nigerian-based bank by total assets, deposits and profits. The rating agency noted that UBA’s market position is…

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Adeleke: Coroner fixes May 29, for final verdict

The Coroner Inquest set up by Osun Government to investigate the cause of death of Sen. Isiaka Adeleke has fixed May 29 to give its final verdict on its findings. The Coroner, Chief Magistrate Olusegun Ayilara made this known during the court’s sitting on Monday in Osogbo. Ayilara said that the court commenced sitting on May 10, and 10 out of the 15 respondents summoned by the court had appeared before it. “This court summoned 15 persons to appear before it, an advertisement which was published on May 11 in…

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Police tear gas, arrest Biafran coordinators, agitators in Delta

Hundreds of Biafran agitators, under the aegis of the Movement for the Actualization of the Sovereign State of Biafra and Biafra Independence Movement (MASSOB/BIM) were a few minutes ago dispersed with tear-gas by stern-looking policemen in Asaba, the Delta State capital. Their Coordinator in Delta Central, Berry Akujinwa, and over 20 others were also arrest. They had gathered at the popular Abraka end of the Asaba-Onitsha Expressway to celebrate what they tagged “the birth of Biafra”, as announced by Chief Ralph Uwazuruike, before the policemen pounced on them. The exercise…

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Trump arrives in Israel amid tight security

US President Donald Trump has arrived in Israel as he continues his first foreign trip. He flew in from Saudi Arabia, a key US ally, where he gave a speech to Arab and Muslim leaders at a summit. Trump will hold talks with both Israeli and Palestinian leaders during the course of his two-day stop. The president has called an Israeli-Palestinian peace agreement “the ultimate deal”, but has been vague about what form it should take. He has said he prefers to leave it to both sides to decide between…

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IMF offers three-pillared prescription for African growth

  Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from the International Monetary Fund as expressed by one of its top Africa researchers, Celine Allard, in an official IMF blog post and podcast. Allard co-authored the Fund’s regional economic outlook, released earlier this month….

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