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.
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ALLEGED 33.8BN: MAMMAH ACCUSES OWN LAWYER OF MISREPRESENTATION. (PHOTO). #PRESS RELEASE.

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 Alleged 33.8bn: Mammah Accuses Own  Lawyer of Misrepresentation


The First Defence Witness in the trial within trial of former Minister of Power, Saleh Mamman on Wednesday, January 22, 2025 told a Federal High Court in Abuja presided over by Justice James Omotosho that his lawyer misrepresented him while taking his statements at the EFCC`s office.


Mamman is being prosecuted by the EFCC on a 12-count charge bordering on conspiracy to commit money laundering to the tune of N33,804,830,503.73 (Thirty-three Billion, Eight Hundred and Four Million, Eight Hundred and Thirty Thousand, Five Hundred and Three Naira, Seventy-three Kobo).


At Wednesday’ proceedings, the defendant, who doubled as first defence witness while being led in evidence by his counsel Femi Atteh, SAN recalled that he went to EFCC`s office on February 20, 2025 with his lawyer when EFCC`s prosecutors interviewed him.


During cross examination by prosecution Rotimi Oyedepo, SAN, He disclosed that he authorized his lawyer, Mohammed Ahmed to write his statements on his behalf which he signed but accused him of fabricating some portion of the statements, claiming that he was not sure if all he said was what his lawyer wrote.


When asked to identify from the statement exhibits the fabricated portion of the statement, he added that he couldn’t  remember.


He however confirmed that as at the time of his invitation, there was no  maltreatment, threats of imprisonment on the part of EFCC officials.


Justice Omotosho adjourned the matter to July 15, 2024 for adoption of written addresses.

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