WORLD’S YOUNGEST REIGNING MONARCH , KING OYO, DIES AT 34.(PHOTO).

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 World’s Youngest Reigning Monarch , King Oyo, Dies at 34 King Oyo Nyimba Kabamba Iguru Rukidi IV, the traditional ruler of Uganda’s Tooro Kingdom who became the world’s youngest reigning monarch after ascending the throne at three, has died at the age of 34. The monarch reportedly died on Thursday, with the Prime Minister of the Tooro Kingdom, Calvin Armstrong Rwomiire Akiiki, announcing his death on Friday. The cause of death was not immediately disclosed. However, Ugandan media reports quoted a government minister as saying that King Oyo had been critically ill and was receiving medical treatment in the United States. Reacting to the development, Akiiki described the monarch’s death as a major loss to the royal family and the people of Tooro. He urged members of the kingdom to remain united and calm while mourning the traditional ruler. King Oyo ascended the Tooro throne in 1995 following the death of his father, King Patrick Matthew Kaboyo Rukidi III. He was only three years ol...

ALLEGED N71. 5M FRAUD: COURT ADJOURNS OKORONKWO'S TRAIL TILL OCT 29.(PHOTO).#PRESS RELEASE.


 Alleged N71.5m Fraud: Court Adjourns Okoronkwo’s Trial till Oct 29


Justice F. O. Giwa-Ogunbanjo of the Federal High Court sitting in Independence Layout, Enugu State has adjourned the trial of an alleged notorious ponzi scheme operator, Chinedu Roland Okoronkwo, standing trial for  N71, 580, 000 (Seventy One Million, Five Hundred and Eighty Thousand Naira) fraud till October 29, 2024.


Okoronkwo is being prosecuted alongside his company, Reliance Microfinance Cooperative Society Limited by the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on  36- count charges bordering on carrying out banking businesses without a valid licence, forgery and obtaining by false pretence to the tune of N71, 580, 000.


When the matter came up on Thursday, October 10, 2024, counsel to the EFCC, Blessing Obasi presented the Ninth Prosecution Witness, PW9, Abubakar Abubakar Abubakar, an operative of the Commission, who narrated how a petitioner alleged that he was lured into investing N25million in Okoronkwo’s company (Reliance Microfinance Cooperative Society Limited) after he was made to believe that he can take back his principal sum after ninety days. After the said duration, the petitioner demanded for his principal sum and interest but was allegedly denied.


 “Upon receipt of the petition, other petitions with similar complaints started flooding in and investigations commenced. 


Investigation was extended to the defendant’s accounts at Guaranty Trust Bank and United Bank for Africa. Several responses were gotten and in GTB, he had like 10 accounts and they were analyzed accordingly.


“The analysis revealed that the victims invested their money into the second defendant’s  company and the said money was not used for the said investment. He diverted the funds for his personal uses”.


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