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Forum / Naijapals Base (Metro life) / PHCN Visits India As They Experience Total Black Out… |
on: 2-08-2012 05:22 PM
| The Indian nation felt what the Power Holding Company (PHCN) subjects Nigerians to everyday with a massive power cut dubbed the World’s biggest-ever blackout.
More than 600 million people were affected by the power cut after three electricity grids collapsed and subjected many citizens to untold hardship.
The power failure caused havoc in 20 of India’s 28 states with whole cities grinding to a halt and transport and other services badly hit.
See photos from when ‘NEPA’ struck in India below:
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Forum / Naijapals Base (Metro life) / 17 Year Old Brittany Wenger designs Program that diagnoses Bosom cancer with 99 |
on: 2-08-2012 05:16 PM
| An an age where kids are still highly dependent on their parents, and would rather visit clubs and bars, this young girl Brittany Wenger is already heavily involved in research.
We’re applauding 17 year-old Brittany Wenger for winning the Google Science Fair! Her grand prize computer program can diagnose Bosom cancer with 99.1% accuracy, took her more than 600 hours to code, and definitely blows away any science project we’ve ever done.
Wenger, 17, didn’t miss a beat when asked about her secret by Mike Cassidy, she says, its to let kids discover their interests and passion for doing things.
“There are so many different fields of science,” Wenger told me the morning after she was literally showered with confetti amid pulsing music on stage at a Google ceremony celebrating the contest’s 15 finalists. “For me it’s computer science and medicine. For some of the other finalists here, it’s chemistry or the environment.”
This years winners of the science fair competition organized by Google.
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Forum / Naijapals Base (Metro life) / Access Bank wins £600m damages |
on: 2-08-2012 12:07 PM
| The Nigerian central bank rescued a number of banks following the global financial crisis
Nigeria’s Access Bank has won a High Court ruling in London ordering an ex-executive to pay £600m to the bank.
Erastus Akingbola, a former managing director of Intercontinental Bank that was taken over by Access last year, was ordered to pay the sum after being found guilty of illegal share dealing.
Intercontinental was bailed out by the Nigerian central bank in 2009.
The judge ruled Mr Akingbola’s dealings had contributed to the bank’s collapse. Mr Akingbola had denied any wrongdoing.
Bank rescue
The case was heard in London because the defendant was living in the city at the time proceedings were issued.
Access Bank alleged that Mr Akingbola had been involved, either directly or indirectly, in buying large chunks of Intercontinental stock. When the Nigerian stock market collapsed following the global financial crisis, the shares plummeted in value and the bank had to be rescued.
Access also claimed the defendant had overseen payments from the bank to Tropics Group, a company in which he held a stake.
In his ruling made on Tuesday, Mr Justice Burton said: “The claimant’s case in proved”.
“As the Tropics Payments Claim is concerned, and as for his strategy for the company to buy its own shares… quite apart from being contrary to Nigerian law, it was simply wrong-headed, and was plainly a substantial contributing factor to the collapse of the bank.” | | |
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Forum / The Buzz Central / Habiba Abubakar, Chidi Mokeme dole out millions to churches, mosques |
on: 2-08-2012 12:05 PM
| Even though she’s been mostly in the news recently for investing N16.5m in Nollywood actor Jim Iyke’s Untamed Company, what many don’t know about Hajia Habiba Abubakar is that she’s a woman with a very large heart.
The married philanthropist with three kids has been helping those in need through her NGO, The Elderly and Poor,
So it was no surprise that last month, the immensely wealthy woman, together with her husband, Ambassador Abubakar, and Nollywood actor Chidi Mokeme stormed Kano and Bauchi to distribute cash, food items, clothes and other materials to Churches, Mosques and Quranic schools. In Islam this is known as Zakat.
Every year Muslims all over the world remove Zakat (some percentage) of their total wealth — both cash and property — and distribute to those in need. And judging by the amount of wealth accumulated by these property gurus, one can only shudder at the amount of money they doled out this year. | | | |