TERRORISTS, BANDITRY ACTIVITIES IN NORTHWEST HAVE REDUCED- SHEHU SANI. (PHOTO).

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 Terrorists, banditry activities in Northwest have reduced – Shehu Sani Shehu Sani, a former Kaduna Central Senator, has disclosed a decrease in the activities of terrorists and bandits in the Northwest. Sani said the recent killings of some top terrorists’ leaders could have been responsible for the decrease. Posting on X, the former lawmaker wrote: “In the last few weeks, there is a noticeable decrease in terrorist and banditry attacks and kidnappings in the North Western parts of this country. “The elimination of some of the top terrorist leaders must have been responsible.This is commendable and should be sustained.” In the past weeks, notable bandit leaders have been killed in the North. Those eliminated include- Haliru Kachalla Sububu or Buzu, Kachalla Tukur Sharme (killed by rival gang), Sani Black, another prominent bandit leader, killed along with his brother and two children, Kachalla Makore, Kachalla Mai Shayi Kachalla Tsoho Lulu and Mai’Yar Gitta. Gitta lost his life after
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FEMI OTEDOLA OPENS UP ABOUT HIS BUSINESS RELATIONSHIP WITH TONY ELUMELU.(PHOTOS).

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Billionaire businessman Femi Otedola opens up on his relationship with businessman Tony Elumelu, his Transcorp shares deal, and why he offered N250bn to buy the company, which he says was rejected. 

Read his statement below...
In 2005, while Tony was the Managing Director of Standard Trust Bank he approached me to get funds to acquire UBA. I enthusiastically gave him $20million, which was N2 billion at that time to buy the necessary shares in UBA for the acquisition. After a short period of time the share price moved up and I decided it is was a good moment to sell and get out of the bank. However, Tony appealed to me to hold on to the shares as he was convinced that there were future prospects - so I kept the shares.

I became Chairman of Transcorp Hotel in 2007 with a shareholding of 5% and unknowingly Tony gradually started buying shares quietly. 

By the following year in 2008 I went bankrupt in Nigeria. Tony proceeded to take my shares in UBA to service the interest on my loans and he also took over my shares in Africa Finance Corporation, where I was the largest shareholder. 

Shortly after, Albert Okumagba informed me that an American firm wanted to acquire my shares in Transcorp, which I then agreed to sell. However, this supposed American firm turned out to be Tony Elumelu. The revelation of this prompted me to resign as Chairman of the hotel. 

Years later in 2012 Tony said he wanted to see me so we met in my office where I had previously had a meeting with foreign investors who had not yet departed the premises. Curious to know, he asked what sort of meeting I had had and I disclosed that I wanted to go into the power business, specifically Ughelli Power Plant. Tony quietly went ahead to bid for Ughelli and he outbidded me by offering to buy the plant for $300m.

And as a some would say: the rest is history. 

Fast forward to the present…

I offered to buy Transcorp Plc for N250 billion, but unfortunately, my offer was rejected. My goal was to maximize the company's potential as a Nigerian conglomerate with a market cap of at least N2 trillion instead of the current N40 billion, but it seems some shareholders have a different vision.

More photos below .



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