OTTI SLAMS JULIUS ABURE OVER CONTINUED SALE OF LABOUR PARTY NOMINATION FORMS. (PHOTO).

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 Otti Slams Julius Abure Over Continued Sale of Labour Party Nomination Forms Abia State Governor, Dr. Alex Otti, has strongly criticised the former National Chairman of the Labour Party (LP), Julius Abure, for proceeding with the sale of governorship nomination forms despite opposition from the Independent National Electoral Commission (INEC) and subsisting court rulings. The criticism follows a viral photograph showing Abure presenting a Labour Party nomination form to a former National Vice Chairman of the party, Ceekay Igara, in the company of other party members. Reacting through his Chief Press Secretary, Mr. Ukoha Ukoha, Governor Otti questioned Abure’s continued claim to leadership of the party.  Ukoha insisted that both judicial pronouncements and INEC’s position have effectively sidelined Abure, describing his actions as being in contempt of court. “I think Abure is in a better position to explain the grounds on which he is still parading himself after a Federal High...
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HERMÈS 80-YEAR-OLD GRANDSON IS SET TO ADOPT HIS 51-YEAR-OLD FORMER GARDENER AND TRANSFERRING SOME OF HIS WEALTH TO HIM.(PHOTO).

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Nicolas Puech, the billionaire grandson of Hermès founder Thierry Hermès, is making headlines with an unusual succession plan.

The plan involves adopting his 51-year-old former gardener as he seeks to pass on a substantial portion of his wealth, estimated to be between 9 billion and 10 billion Swiss francs (between $10.3 billion and $11.4 billion).

Nicolas Puech, the fifth-generation heir to the renowned luxury fashion house Hermès, is reportedly going through legal processes to formally adopt his “former gardener and handyman,” according to the Swiss publication Tribune de Genève.

The individual in question hails from a “modest Moroccan family,” adding a unique and unexpected twist to the unfolding succession saga.

In a strategic move to redefine the beneficiaries of his substantial estate, estimated to include 5% or 6% ownership of the $220 billion-valued Hermès, billionaire Nicolas Puech is undertaking an unconventional succession plan.

The focus of this plan is his former gardener, an unnamed individual from a modest Moroccan family, whom Puech is in the process of legally adopting.

According to reports from the Tribune de Genève, the gardener, married with two children, is poised to inherit a significant share of Puech’s wealth. Already, Puech has transferred ownership of properties in Marrakesh, Morocco, and Montreux, Switzerland, valued at a combined total of €5.5 million ($5.9 million), to his gardener.

The feud with family members who resisted the takeover seems to have influenced Puech’s unconventional choice of heir.


 

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