WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

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Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
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£250,000 LIFELINE FROM MY DAD PUT ME IN OIL BUSINESS - OTEDOLA . (PHOTO).

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 £250,000 LIFELINE FROM MY DAD PUT ME IN OIL BUSINESS - OTEDOLA 


Billionaire businessman, Femi Otedola, revealed in his recently published memoir that a £250,000 loan facility from his dad gave him a foothold in the oil business.


The son of a former governor of Lagos State, Michael Otedola, Femi said he built Zenon Petroleum into one of Nigeria’s most prominent oil trading companies with that loan.


Apart from his success in oil and gas, Femi Otedola said he was able to record significant breakthroughs in power generation through Geregu Power, finance through First HoldCo Plc, as well as in shipping and real estate.


Otedola's memoir is titled "Making It Big: Lessons from a Life in Business" and released on August 18. It currently ranks number three on Amazon’s "Best Sellers in Business Biographies and Memoirs".

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