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Seyi Tinubu Led Loatsad Blazes mega trail, acquires E-Motion Advertising

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The making of a smooth operating businessman in the corporate world is always grand stood with ground breaking ventures, and this exactly is what the swift industry player, Seyi Tinubu has been sign-posting, albeit quietly without any noise or publicity. This mercurial advertising guru, Seyi and his bosom friend and partner, Adenrele Olusoga recently concluded acquisition of one of the country’s leading out-door advertising companies, E-Motion Advertising, to become the leading outdoor company in the country.


It was revealed to us that the innovation-driven Loatsad Promomedia company Chaired by Seyi Tunubu, has for some times now been locked in serious negotiations with E-Motion Advertising for a takeover, this is to further boost the mission of making the company the leading outdoor advertising company in the country. Just recently the effort eventually yielded positive fruit as the acquisition was sealed for the eventual take-over of the operations of E-motion, and this is another sign of good things to come for the Loatsad entity.


E-Motion Advertising was founded in October, 2005 as an Out-of-Home Media firm, and has rapidly built up competence in deploying innovative Out-of-Home infrastructure that stands out from mundane traditional media, which ultimately transformed them into frontrunners trail-blazers in the Out-of-Home media industry in Nigeria, with a strong customer-base spanning all sectors of the economy, operating in the billboard, transit and street furniture segments, across all the major business hubs of the country. The company had focused on investing in compelling locations and cutting edge products underpinned by excellent customer service, has led to very strong growth in their client base.
As a market leader in the industry, the company had developed excellent relationships with top brands, regulators and other various developers to ensure that the revenue potential of sites is maximized, while enhancing the aesthetics of the environment. E-Motion Advertising is backed by leading local and international institutional investors, with proven track records of funding and support of high-growth companies.
The acquisition by Loatsad Promomedia, a company that has before now been silently but steadily using cutting edge technology and effective, efficient and dedicated workforce to take over the outdoor advertising industry in the country will further stamp their authority as the leading outdoor and digital innovation advertising company in Nigeria.
This new feat is coming just a couple of days after the Chairman of Loatsad Promomedia Seyi Tinubu was awarded as the Business Person of The Year 2019 at the recently concluded Entrepreneur Africa Awards. The Entrepreneurs Africa Award is at the forefront of celebrating and honouring entrepreneurship in Nigeria. They are aware that entrepreneurs drive the economy especially at the MSME level. Since the inception of the award five years ago, Nigeria Entrepreneurs Award has consistently celebrated some of the best-known personalities in corporate Nigeria, who exemplify the very best in their business.

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My Charge To Nigerians As They Celebrate Christmas -Ambassador Ajadi

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My Charge To Nigerians As They Celebrate Christmas -Ambassador Ajadi

My Charge To Nigerians As They Celebrate Christmas -Ambassador Ajadi

 

Ambassador Olufemi Ajadi Oguntoyinbo, chieftain of the New Nigeria People’s Party (NNPP) in Ogun State has thrown a challenge to Nigerians at Christmas.
It is to keep hope alive, notwithstanding the many socio economic challenges around them.

My Charge To Nigerians As They Celebrate Christmas -Ambassador Ajadi

Ajadi who gave the admonition as part of his Christmas Message said Nigerians needed their sanity to be able to navigate the challenging situations around them.

 

“Whatever it is you are doing; however challenging the time, my advice to you as you celebrate Christmas is to keep your sanity”, he said in the Message this morning.

It will not be easy doing so with all that is surrounding us, but it is only the one who is in control of his thoughts that can overcomes challenges”, he added.

 

He said in a situation whereby the government appears to have abandoned the masses, that the only thing left for them to do was to consciously take care of themselves even as they celebrate Christmas.

Ambassador Ajadi who used the opportunity to condole with those who lost relations in the recent stampedes that occurred at palliative centres at Ibadan, Anambra and Abuja, said the tragedy reflected the high level of suffering in the country.

He said as much as the organisers of the palliatives sharing may not have taken adequate safety measures, but that the desperation displayed by the recipients reflected the high level of hunger the country.

“The reality is that there is so much hunger in the land.

“It happened at Ibadan, it happened at Abuja and yet Okija. The hunger is everywhere in the country and that is just the truth”.
Ambassador Ajadi said the pathetic side to it is that there is enough resources to take care of the masses but that many in the corridors of power have not considered it a priority to reach them.

He commended ministries and individuals who have thought it necessary to share love with the poor this season, but advised them to device a better way of sharing same.

“We cannot advice those with the resources not to reach out, but let it be done in collaboration with security agencies which have the resources for crowd control.
But most importantly, my advice to individual Nigerians is to take adequate precaution themselves.

“Whatever you want to do this Christmas, it should be safety first. My prayer is for God to keep us all, and give us the grace to see New year. Merry Christmas Nigerians”, Ambassador Ajadi prayed.

The Eagle reports that Ambassador Ajadi had earlier lived up to his mark of a humanitarian by reaching to groups and individuals within his political and social circles.
He donated bags of rice and cartoons of oil to enable them join in the festivities of the season.

The Eagle correspondent who witnessed the items being distributed reports that it was prayers of appreciation and goodwill for the politician from the beneficiaries.

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Three Nigerians Named on FBI’s Most-Wanted List for Alleged $6M Fraud Scheme

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Three Nigerians Named on FBI’s Most-Wanted List for Alleged $6M Fraud Scheme

Three Nigerians Named on FBI’s Most-Wanted List for Alleged $6M Fraud Scheme

 

Three Nigerians, Nnamdi Benson, Richard Uzuh, and Felix Okpoh, have been added to the United States Federal Bureau of Investigation’s (FBI) Most-Wanted List for their alleged roles in a $6 million Business Email Compromise (BEC) scheme. The trio reportedly defrauded over 70 businesses in the U.S. using sophisticated cybercrime tactics, according to notices published on the FBI’s website.

The alleged scheme involved the use of spoofed emails and fraudulent wire transfers, targeting unsuspecting businesses. The FBI notes that the suspects conspired to launder proceeds from these scams through an intricate network of collaborators in the United States and abroad.

Details of the Allegations

Nnamdi Benson

Benson is accused of providing bank accounts to facilitate the receipt of funds from fraudulent transactions. He is also alleged to have engaged in romance and advance-fee fraud schemes independently. In August 2019, he was indicted in the U.S. District Court, District of Nebraska, on charges of conspiracy to commit wire fraud. A federal warrant for his arrest was issued the following day.

The FBI notice states:

“Benson allegedly provided bank accounts to Richard Izuchukwu Uzuh that were used to receive fraudulent wire transfers. On August 21, 2019, Benson, along with Felix Osilama Okpoh and Abiola Ayorinde Kayode, was indicted for Conspiracy to Commit Wire Fraud.”

Felix Okpoh

Okpoh is accused of supplying hundreds of bank accounts to Uzuh and other co-conspirators, enabling the transfer of over $1 million in fraudulent proceeds. Like Benson, he was indicted in August 2019 and is wanted on charges of conspiracy to commit wire fraud.

The FBI highlights:

“Bank accounts provided by Okpoh received fraudulent wire transfers from victim businesses totaling over $1 million.”

Richard Uzuh

Uzuh is alleged to have orchestrated the fraudulent scheme by sending spoofed emails to businesses across the U.S., requesting wire transfers. He reportedly worked closely with other members of the syndicate, including money launderers and romance scammers, to move stolen funds.

Uzuh’s indictment dates back to October 2016, making him the earliest member of the trio to be charged. The FBI stated:

“Uzuh allegedly worked with money launderers, romance scammers, and others involved in BEC schemes to launder proceeds of their crimes.”

Extradition of Co-Conspirator Abiola Kayode

The case has seen recent developments, with the extradition of a key member of the syndicate, Abiola Ayorinde Kayode, from Ghana to the United States. Kayode was arrested in Ghana in April 2023 following an indictment filed in Nebraska in August 2019.

On December 13, the U.S. Attorney’s Office for the District of Nebraska confirmed Kayode’s extradition. He is now in U.S. custody and faces prosecution for his alleged involvement in the cybercrime network.

FBI’s Warning and Public Appeal

The FBI continues to urge individuals with information on the whereabouts of Benson, Uzuh, and Okpoh to come forward. The agency has emphasized the global reach of BEC schemes and the devastating financial impact on victims.

Business Email Compromise remains one of the costliest forms of cybercrime, with perpetrators leveraging fake identities, fraudulent communications, and elaborate laundering networks to exploit victims.

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Akeredolu’s Widow Rejects Ondo State Memorial Lecture, Alleges Exclusion

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Akeredolu’s Widow Rejects Ondo State Memorial Lecture, Alleges Exclusion

Akeredolu’s Widow Rejects Ondo State Memorial Lecture, Alleges Exclusion

 

Betty Akeredolu, the widow of late former Governor of Ondo State, Rotimi Akeredolu, has publicly rejected a memorial lecture planned in his honor by the state government, alleging that her family was excluded from the planning process.

The lecture, part of activities marking the first anniversary of Akeredolu’s death on December 27, 2023, is scheduled to take place on Friday in Akure. Renowned lawyer Femi Falana (SAN) is set to deliver the keynote address, while Bashorun Seinde Arogbofa will chair the event, known as the Akeredolu Leadership Lecture Series.

Taking to her X (formerly Twitter) account on Wednesday, Betty Akeredolu expressed her disapproval, describing the event as a propaganda-driven effort.

“Which legacy? Lecture, my foot! This is not for Aketi because my family and I are not aware. Damn it! As the saying goes: You and your co-travellers cannot shave Aketi’s head in his absence. You cannot weep more than the bereaved,” she wrote in a fiery post titled, “Re: Purported Aketi Lecture by Ondo Lucky Can’t Be Serious!”

Betty further accused the state government of attempting to exploit her late husband’s legacy for financial gain. “Anybody close to Aketi and Arabinrin becomes your enemy… Now you want to pretend by organising one yeye lecture for Aketi’s memorial as an entry point to chop money on Aketi’s head. You are on your own o!” she alleged, labeling the planned event a “#Yahoo #419 lecture.”

 

In response, the Chief Press Secretary to the Ondo State Governor, Ebenezer Adeniyan, refuted claims of discord between the government and the Akeredolu family. He stated that the family had been invited to the event and highlighted the state’s role in honoring Akeredolu after his passing.

“Akeredolu was not just a family man. He was the governor of Ondo State. He died while serving the state. He was given a state burial, and the state governor attended all the burial activities in Akure, Owo, and Ibadan,” Adeniyan said.

He further emphasized the purpose of the memorial lecture. “The state government is organising this lecture to mark the first anniversary of his passing, and an invitation has been extended to the family for representation. There is no dispute between the government and the family, and we are aware that there will be other events lined up to mark that anniversary,” he added.

The controversy highlights tensions over how the legacy of the late governor, fondly referred to as “Aketi,” is being handled, even as plans for the commemorative event proceed.

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