Connect with us

Business

Joy in Edo as Gov. Oshiomole increases workers’ minimum wage to N25,000

Published

on

Adams-Oshiomhole

There was joy and happiness all over Edo state yesterday during the may day rally as Gov. Oshiomole increased the minimum wages of Workers to N25,000 and also promised to pay outstanding debts.

The pay rise from N18, 000 to N25,000 is expected to take immediate effect.

Governor Oshiomhole announced this during his address to workers during the 2016 May Day celebrations at the Samuel Ogbemidua Stadium in Benin City, the state capital.

He also promised to pay outstanding arrears to civil servants, particularly the staff of Egor Local Government Area within two weeks.

In their address, the union leaders in the state among other requests called on the Governor to rescind his decision to scrap the state pensions board.

 

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

A Businessman and His Siren: Tunde Ayeni Refutes News of His Fatal Return to Gail Fajembola

Published

on

A Businessman and His Siren: Tunde Ayeni Refutes News of His Fatal Return to Gail Fajembola

 

The allure of forbidden passion often carries a price, and for Dr. Tunde Ayeni, the once-revered businessman whose rise and fall mirrors the trajectory of a Greek tragedy, the cost has been steep.

Amid the ruins of financial embarrassment, public disgrace, and familial strain, Ayeni has frantically disassociated himself from speculations of his purported return into the arms of the arms of Gail Fajembola, a woman whose name is synonymous with scandal.

In a bid to distance himself from Gail and their controversial past together, Ayeni went as far as instructing his property firm to notify tenants of a choice Ikoyi property that Gail should no longer be allowed to use the address for correspondence. “Dr. Ayeni has nothing to do with Gail’s relocation to Nigeria,” a source close to him declared. “He is focused on growing his businesses and spending quality time with his family and true friends.” Yet, despite these denials and calculated efforts to sanitize his image, insiders whisper of a rekindled liaison between the embattled businessman and his former mistress.

This revelation comes as a shock to many who recall Ayeni’s vehement disassociation from Gail years ago. Back then, he publicly vowed to sever all ties with her, swearing on his children’s lives that he would never return to the woman whose influence nearly dismantled his business empire and marriage. The reasons for this oath were both public and damning: Gail, with her extravagant lifestyle and insatiable demands, had drawn Ayeni into a vortex of corruption and financial impropriety that nearly consumed him.

 

The Return of the Femme Fatale

Gail Fajembola’s return to the Nigerian social scene, after a five-year sojourn in the United Kingdom, has been met with both intrigue and suspicion. Described by some as a “femme fatale” with a penchant for seducing powerful men, her arrival in Abuja has reignited whispers of her alleged connection to Ayeni. Sources suggest that Gail’s relocation may not be as innocent as claimed, with many speculating that her return signals a calculated move to reclaim her position in Ayeni’s life.

The woman once vilified for the chaos she sowed in Ayeni’s world seems undeterred by past scandals. Gail’s critics describe her as a chameleon—a master manipulator who has left a trail of broken relationships and tarnished reputations in her wake. Despite this, Ayeni appears to remain ensnared by her charms, prompting questions about what compels him to rekindle a relationship that has cost him so dearly.

 

A Scandalous. History

Gail’s romantic history reads like a cautionary tale of ambition and audacity. Her past liaisons include some of Nigeria’s most prominent men, from a former Senate President to influential oil industry magnates. Yet it is her relationship with Ayeni that has proven the most enduring—and destructive.

During their initial affair, Gail’s extravagant demands reportedly drained Ayeni’s finances and drew him into a web of questionable dealings. Her influence was so pervasive that Ayeni found himself under investigation by the Economic and Financial Crimes Commission (EFCC), with allegations of embezzlement and financial misconduct dominating headlines. The fallout left Ayeni’s reputation in tatters, his businesses struggling to recover, and his family in disarray.

In the years that followed their breakup, Ayeni’s public declarations of remorse and determination to rebuild his life were seen as an attempt at redemption. He sought to distance himself from Gail, focusing on salvaging what remained of his legacy. However, recent developments suggest that Ayeni’s resolve has faltered, raising questions about his judgment and the nature of his relationship with the woman who nearly destroyed him.

 

Gail’s Calculated Return

Observers note that Gail’s return to Nigeria coincides with a period of significant upheaval in Ayeni’s life. Once a high-flying billionaire, Ayeni’s financial empire has reportedly been reduced to a shadow of its former self. With mounting debts and diminishing influence, Ayeni’s renewed association with Gail appears both illogical and self-destructive.

For Gail, however, the motivations seem clear. Known for her ability to manipulate powerful men, she has often been described as a “hunter”—a woman who thrives on the wealth and influence of her targets. Critics argue that her return is a calculated move to regain access to Ayeni’s resources, despite his precarious financial state.

 

The Anatomy of Obsession

What drives Ayeni’s apparent inability to break free from Gail’s grasp? Psychologists might label it as a classic case of compulsive attachment, a destructive bond fueled by a mix of passion, vulnerability, and dependency. Others see it as a testament to Gail’s unparalleled skill in exploiting the weaknesses of her partners, drawing them into a cycle of desire and destruction.

For Ayeni, the consequences of this renewed liaison could be dire. Already besieged by financial woes and public skepticism, his decision to re-engage with Gail risks alienating his family and further tarnishing what remains of his reputation. His critics have been unsparing in their condemnation, describing him as a “shameless man” who has returned to his vomit, defying both logic and morality.

Gail, too, has faced harsh judgment, with detractors labeling her as a woman devoid of dignity. Her willingness to endure public humiliation for another chance at affluence has only reinforced her reputation as a manipulative figure, willing to go to any lengths to achieve her goals.

The story of Tunde Ayeni and Gail Fajembola serves as an admonition about the perils of unchecked desire and the corrosive effects of scandal. Their relationship, a volatile mix of passion, ambition, and self-destruction, offers a stark reminder of the dangers of succumbing to temptation.

For Ayeni, the stakes could not be higher. His continued association with Gail risks sealing his fate as a man undone by his own desires. For Gail, the narrative is one of relentless ambition and calculated opportunism, a woman whose pursuit of power and influence knows no bounds.

As their story continues to unfold, one thing is certain: the saga of Tunde Ayeni and Gail Fajembola is far from over. Whether it ends in redemption or ruin, it will undoubtedly remain a stark reminder of the high cost of forbidden love.

Findings reveal that to ensure a clean break from this past relationship, Tunde Ayeni’s property firm recently wrote to the occupants of one of his choice properties in Victoria Island to inform them that Gail Fajembola should no longer be allowed to use the address as her mailing address and should no longer receive her mails through the office address. The correspondence was firm in its assertion that the business mogul and his company no longer have anything to do with Gail. ( letter attached).

To further lend credence to the position that the relationship has since been consigned to the backyard of history, another source disclosed that Dr Ayeni, nowadays, often makes it clear to confidants and close business associates that he was done with the past social life and that the new chapter of his life is focused on expanding and deepening his business interests.

When contacted on the Gail relocation issue and the allegation that he facilitated it, the businessman said: “When will you guys leave me alone and stop disturbing me over mundane issues. I have made it clear, and it is in the media space: I’m done with all these issues of this relationship, that relationship. I have moved on, and I’m not looking back. What you are asking is in the realms of the past, and I’m now focused on the present and the future. Spare me, please. “t and the future. Spare me, please.”

A Businessman and His Siren: Tunde Ayeni Refutes News of His Fatal Return to Gail Fajembola

Continue Reading

Business

Adron Homes Unveils New Logo to Reflect Innovation, Growth, and Global Ambitions

Published

on

*Adron Homes Unveils New Logo to Reflect Innovation, Growth, and Global Ambitions

 

In a groundbreaking moment of celebration and reflection, Adron Homes unveiled its new company logo on Monday, January 6, 2025. The unveiling ceremony, held at the company’s head office in Lagos, was attended by top executives, stakeholders, staff, and media representatives. This milestone event marked a significant chapter in the company’s twelve-year journey of innovation, transformation, and growth.

 

The newly redesigned logo preserves the timeless essence of Adron Homes while introducing a sleek, modern twist. Its bold and dynamic elements represent the company’s forward-thinking approach and readiness to embrace the future. The elegant globe encircled by interconnected homes reflects Adron Homes’ mission to build communities and expand its footprint beyond Nigeria and Africa.

 

Speaking at the unveiling ceremony, the Chairman of Adron Homes, Aare Adetola Emmanuelking, shared the inspiration behind the change. He said, “Logos are not just designs; they are prophecies that predict the future. Our new logo is a statement of who we are and where we are headed as a company. It is time to take Adron Homes to the world and bring the world to Adron Homes.”

 

Since its inception in 2012, Adron Homes has become a household name and one of the leading real estate companies in Nigeria. Highlighting the company’s remarkable journey, the Vice Chairman, Olori Aderonke Emmanuelking, remarked, “For 12 years, by the Grace of God, this organization has been on a journey of transformation, innovation, and commitment to our vision of making the dream of homeownership a reality for everyone. We identified a gap—a dream for affordable luxury that seemed out of reach for many—and we sought to fill that gap. This realization has fueled our drive to dream even bigger and aim even higher.”

 

As Adron Homes embarks on this exciting new chapter, the new logo stands as a symbol of the company’s aspirations and achievements. Over the past decade, Adron Homes has been dedicated to making homeownership an attainable dream, and this rebranding reaffirms its commitment to excellence, innovation, and growth.

 

The Chairman emphasized that this new logo embodies the company’s vision to create cities, communities, and homes without borders. “This rebranding effort signifies more than a change in design; it symbolizes our global aspirations. We are ready to shape the future of real estate by providing world-class solutions that transform lives and add value to communities,” he said.

The logo unveiling represents Adron Homes’ readiness to expand its influence globally, showcasing the company’s ambition to redefine real estate on an international scale. With a renewed focus on building sustainable communities and promoting inclusivity, Adron Homes continues to inspire confidence and innovation in the industry.

Adron Homes Unveils New Logo to Reflect Innovation, Growth, and Global Ambitions

Maureen Echefu
Chief Press Secretary
Adron Group

Continue Reading

Business

GTCO PLC Announces Successful Completion of the 1st Phase of Its Equity Capital Raise Programme; Raises ₦209 Billion

Published

on

GTCO’s Guaranty Trust Bank Named Best Bank for Corporate Social Responsibility in Nigeria by Euromoney

GTCO PLC Announces Successful Completion of the 1st Phase of Its Equity Capital Raise Programme; Raises ₦209 Billion

 

[Lagos, Nigeria – January 06, 2025] – Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities and Exchange Commission (SEC).

 

The Offer, which garnered substantial interest from domestic retail investors, raised a total of ₦209.41 billion from 130,617 valid applications for 4,705,800,290 Ordinary Shares, fully allotted. This milestone concludes the first phase of GTCO’s phased equity capital raise programme, which is structured on a balanced allocation strategy based on an equal split between institutional and retail investors. This balanced approach aligns with GTCO Plc’s commitment to fostering a well-diversified and robust investor base.

Commenting on this phase of the recapitalization exercise, Segun Agbaje, Group Chief Executive Officer of GTCO Plc, expressed his gratitude: “We extend our sincere appreciation to our new and existing shareholders, as well as the regulatory authorities, for their unwavering support during this initial phase of our equity capital raise. The strong participation and successful capital verification exercise and allotment process reaffirm the confidence investors have in our fundamentals and execution capabilities. This sets a solid foundation for accelerating our strategic roadmap, which aims to pivot the Group for transformational growth and unlock greater value across the Group’s Banking and Non-Banking businesses.”

GTCO Plc continues to lead its peers in key profitability metrics and financial performance. Building on this successful first phase, the Group will commence the second phase of its recapitalization plan in 2025, which is strategically positioned to attract significant foreign institutional investments, reinforcing its reputation as a “Truly International” financial services brand.

Proceeds from the combined equity raise will be strategically deployed to recapitalize the Group’s flagship subsidiary, Guaranty Trust Bank Limited (GTBank Nigeria), enhancing its ability to meet regulatory requirements and further solidify its position as a leading financial institution. Additionally, the funds will support Group-wide growth initiatives, including footprint expansion, product enhancement, and innovation across both Banking and Non-Banking subsidiaries. GTCO remains committed to delivering sustainable value to its stakeholders and driving innovation across the financial services landscape in Africa.

About GTCO Plc

The GTCO Plc Group is one of the largest financial services institutions in Africa. Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc maintains direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom. Within these regions, the operating entities provide a comprehensive range of commercial banking and related financial services to millions of retail, institutional, private banking and wealth management customers, in addition to asset management, pension fund administration, and payment technology businesses.

Continue Reading

Cover Of The Week

Trending