TRUMP ADMINISTRATION SET TO RECEIVE $10 BILLION FOR FACILITATING TIKTOK DEAL. (PHOTO).

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 Trump administration set to receive $10 billion for facilitating TikTok deal The Trump administration is reportedly set to receive $10 billion for its role in securing the TikTok US deal. According to reports, the group of investors that acquired stakes in TikTok’s U.S. operations—known as TikTok USDS Joint Venture—already paid $2.5 billion when the deal closed in January, with additional payments scheduled until the total reaches $10 billion. The investors include Oracle, Silver Lake, and MGX. The U.S. entity of TikTok was valued at $14 billion by Vice President JD Vance, providing context for the size of the fee. The administration has a history of involvement in major corporate deals, including an $8.9 billion investment in Intel last year that yielded nearly a 9 percent equity stake. In another high-profile move, the Trump administration received a Boeing 747-8 as a gift from the Qatari government in May.

PRESIDENT TINUBU CONGRATULATES NEW OLUBADAN ON CORONATION .(PHOTO).#PRESS RELEASE


 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU CONGRATULATES NEW OLUBADAN ON CORONATION

 

President Bola Tinubu extends his warm congratulations to Oba Owolabi Olakulehin on his coronation today, July 12, 2024, as the 43rd Olubadan of the ancient city of Ibadan.

 

President Tinubu joins the family of the new Olubadan, Ibadan citizens, the Oyo State Council of Obas, and the Oyo State Government to celebrate Oba Olakulehin on his ascension to the revered throne of his forebears.

 

The President affirms that Oba Olakulehin brings to the throne immense wisdom, experience, character, and strength, and urges the monarch to use the highly esteemed stool of Ibadan to advance the peace, security, and development of the area.

 

President Tinubu assures the new Olubadan of his support and wishes him success as he works to promote and preserve the culture and traditions of the ancient city.

 

The President also congratulates Ibadan indigenes on the peaceful succession process and prays that the peace, beauty, and renown of Ibadan will abide always. 

 

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

July 12, 2024.

One more photo below.


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