Odunlade Adekola' Movie 'Lakatabu' trailer

 

                                                       LAKATABU "Official trailer"

Odunlade Adekola, a prominent Nollywood actor and filmmaker, has unveiled the trailer for his upcoming Yoruba language film, Lakatabu, scheduled for release on June 21, 2024. The movie features a talented ensemble cast, including Adebayo Salami, Adedimeji Adetola Lateef, Akin Lewis, and Adekola himself, who plays the lead role of Lakatabu, a ruthless armed robber with mystical backing .Adebayo Salami, Adedimeji Adetola Lateef, and Akin Lewis feature in the Yoruba film, Lakatabu.   _“When a man begins to use his powers for criminal activities, threatening the lives of citizens with his power and connections. He is Lakatabu the fierce one,” Adekola stated on Instagram on Sunday, June 9, 2024._ 

The trailer reveals Lakatabu's reign of terror, marked by kidnappings, murders, and fear, until he faces unexpected threats from rivals, triggering a dramatic shift in the story. The film delves into Lakatabu's challenges, the fear he inspires, and the consequences of his powers.

Adekola not only stars in the film but also directed it, in collaboration with Odunlade Adekola Film Productions and FilmOne Studios. The movie boasts a diverse cast, including Samuel A. Perry (Brodashaggi), Eniola Ajao, Aderinoye Babatunde, Yomi Fash-Lanso, Mr Latin, Bolanle Ninalowo, and Adunni Ade.

Adekola's journey in the film industry began with his breakout role in the 2003 Nollywood film, Ishola Durojaye. He has since become a prominent figure in Yoruba cinema, known for his captivating acting and skilled direction. Adekola's dedication to his craft has earned him two Africa Magic Viewer's Choice Award (AMVCA) wins for his outstanding performances in A Million Baby (2018) and Jankariwo (2022).

Abuja night club attacked by Robbers DJ killed

 

"A club in Gwarimpa, Abuja was attacked by gunmen in the early hours of the morning, resulting in the death of a DJ, DJ Bash. Despite a nearby police station, the authorities were not alerted promptly. However, an investigation has begun, and the police are urging residents to remain vigilant and report any suspicious activity immediately. The FCT Police Public Relations Officer, SP Josephine Adeh, has activated the distress and emergency numbers: 0803 200 3913 and 0806 158 1938. Meanwhile, eyewitnesses report that Volcano Peak Hotel on 4th Avenue Gwarinpa was also robbed last night, with the perpetrators shooting and killing someone. Some guests were able to track a stolen phone, but the police response has been slow. The public is calling on @PoliceNG and @BenHundeyin to intervene and ensure a swift and effective investigation."

National assembly proposes bill to sanction states not complying with new minimum wage

 The National Assembly is reportedly working on legislation to enforce sanctions on states that fail to comply with the new minimum wage set by the federal government. Senator Yemi Adaramodu, Chairman of the Senate Committee on Media and Publicity, announced that the assembly aims to create a "watertight" bill that will ensure compliance from all states, sub-national entities, and private sectors. Adaramodu emphasized that the legislation will be comprehensive and carry consequences for non-compliance.

When asked about the timeline for passing the minimum wage bill, Adaramodu stated that it could be done within 30 minutes if necessary, pending consensus between the federal government and organized labor. He expressed confidence that an agreement will be reached, and the bill will receive swift passage once it is presented to the National Assembly.

The senator emphasized that the legislation is crucial for the benefit of Nigerian workers and will be treated with urgency. He also highlighted that the National Assembly will engage with various stakeholders, including legislators, organized labor, and the private sector, to ensure a collaborative approach to creating an effective minimum wage law.

Doctor Warns Nigerians Against Eating Rotten Tomatoes, Pepper

 "A Nigerian medical doctor, identified as Wales, has issued a warning to citizens to avoid consuming rotten tomatoes and peppers, commonly referred to as 'eesa' or 'baaje' tomatoes. In a viral social media clip, Dr. Wales emphasized that regularly eating spoiled tomatoes and peppers poses significant health risks, including the potential to develop cancer. This is due to the presence of harmful microorganisms like fungi, which produce toxic mycotoxins.

Displaying rotten tomatoes on a plate, Dr. Wales cautioned that economic hardship should not lead people to compromise their health by consuming "poison." He explained that fresh tomatoes are rich in essential nutrients like Vitamin C, potassium, and antioxidants, but rotten tomatoes are soft, broken, and contaminated with germs and eggs from flies. As they decay, fungi and other microorganisms invade, producing mycotoxins linked to cancer, immune deficiency, and kidney and liver damage.

Dr. Wales stressed that boiling or washing the rotten tomatoes would not remove the harmful mycotoxins, urging citizens to prioritize their health and avoid consuming spoiled produce, even if it seems like a more affordable option."

Naira crashes further against dollar ahead of Eid el-Kabir

 "The naira experienced a further decline in value against the US dollar on Friday, ahead of the Eid el-Kabir holidays. According to data from FMDQ, the naira exchanged at N1,482.72 per dollar on Friday, down from N1,476.24 on Thursday. This represents a depreciation of N6.48 compared to the previous day's rate. On the parallel market, the naira traded at N1,490 per dollar on Friday, unchanged from the previous day. This development follows a marginal depreciation of the naira against the dollar on Thursday, with a significant decrease in foreign exchange transaction turnover to $92.68 million. Overall, the naira appreciated twice and depreciated twice against the dollar during the review period."

Naira down to N1,500/$ in parallel market

 The Naira depreciated against the dollar in both the parallel market and the Nigerian Autonomous Foreign Exchange Market (NAFEM) yesterday.

In the parallel market, the Naira fell to N1,500 per dollar, down from N1,485 per dollar on Tuesday.

In NAFEM, the indicative exchange rate rose to N1,476.24 per dollar, a N2.58 depreciation from Tuesday's rate of N1,473.66 per dollar.

The volume of dollars traded on the window decreased by 76% to $92.68 million, down from $385.91 million on Tuesday.

As a result, the margin between the parallel market and NAFEM rates widened to N23.76 per dollar, up from N11.34 per dollar on Tuesday.

BREAKING: Multichoice Group has an account balance of N31.6 billion with Heritage Bank

 Multichoice Group, the owner of DSTV, had a significant account balance of N31.6 billion with Heritage Bank before its liquidation on June 3, 2024. This balance was reduced from N33.7 billion due to cash remittances. The Nigeria Deposit Insurance Commission (NDIC) has announced a public bidding process for the sale of Heritage Bank assets.

Multichoice Group has expressed concerns about the deposit, which exceeds the maximum payout guaranteed by the NDIC. However, the group plans to engage with the liquidator to achieve a reasonable outcome.

Despite its financial challenges in Nigeria, Multichoice Group reported a 39.4% increase in repatriation from Nigeria in its FY 2024 annual report. However, the group incurred significant losses due to exchange rate instabilities and reported a decline in active subscribers in Nigeria.

The group has faced legal challenges in Nigeria, including a fine of N150 million for challenging the jurisdiction of the Competition and Consumer Protection Tribunal (CCPT) and an order to provide a one-month free subscription to Nigerians.

Senate Approves 300% Pay Rise For CJN, Other Judicial Officers

The Senate approved a bill on Wednesday that grants a 300% salary increase for judicial officers at both the federal and state levels. The Senate Committee on Judiciary, Human Rights, and Legal Matters, led by Senator Mohammed Tahir Monguno (APC-Borno North), presented a report to the lawmakers, and the Red Chamber approved it. This action follows the consideration and adoption of an executive bill sent by President Bola Tinubu, which aimed to improve the salaries, allowances, and other fringe benefits for judicial officers and workers. The President's bill, titled "A Bill for an Act to Prescribe the Salaries, Allowances and Fringe Benefits of Judicial Office Holders in Nigeria and for Related Matters", provides for the following monthly packages: Chief Justice of Nigeria (CJN) - ₦5,385,047.26, Justices of the Supreme Court - ₦4,213,192.54, President of the Court of Appeal - ₦4,478,415.78, Justices of the Court of Appeal - ₦3,726,665.40, and Chief Judge of the Federal High Court, President of the National Industrial Court, and others - ₦3,527,022.61. 

#Salaries of Judges in Nigeria #Salary of Judicial Officers in Nigeria. 

Kimberly-Clark lays off 90% of employees as it begins Nigerian exit

"Kimberly-Clark, the manufacturer of Huggies diapers, has begun shutting down its Nigerian operations, laying off 90% of its employees. This comes three days after announcing its exit from the country. The company cited "refocused strategic priorities" and "economic developments" as reasons for its departure. Kimberly-Clark's exit marks another significant departure of a multinational company from Nigeria, following similar moves by Unilever, GSK, and PZ Cussons. The company's $100 million manufacturing facility in Lagos, launched in 2022, will be written off, and production and marketing of Huggies and Kotex products in Nigeria will cease."

Heritage Bank-CBN Denies plan to revoke the licenses of three more banks

"The Central Bank of Nigeria (CBN) has refuted reports that it intends to revoke the licenses of Unity Bank, Keystone Bank, and Polaris Bank. The CBN took to its official X account to dismiss the report as "fake news". This denial comes on the heels of the CBN's decision to revoke Heritage Bank's operating license, citing the bank's non-compliance with Section 12 (1) of BOFIA, 2020, and its failure to improve its financial performance. Meanwhile, the Nigeria Deposit Insurance Corporation (NDIC) has reassured customers that banks whose licenses have not been revoked remain safe and sound, urging depositors and stakeholders to continue their banking activities without fear."

EXCLUSIVE: CBN To Revoke Licences Of UnityBank, Keystone, Polaris

 "The Central Bank of Nigeria (CBN) is reportedly planning to revoke the licenses of three additional banks - Unity Bank, Keystone Bank, and Polaris Bank - following the recent revocation of Heritage Bank's license. According to a reliable source, these banks have been experiencing financial difficulties and are unlikely to recover. The CBN had previously provided significant support to these banks but has concluded that further intervention is not viable. The revocation of their licenses is expected to be announced in the coming days. The CBN has already taken steps to protect the interests of corporate clients with large deposits in Heritage Bank, but smaller depositors may need to wait for the Nigeria Deposit Insurance Corporation (NDIC) to intervene, which can be a lengthy process. The CBN's actions are aimed at maintaining financial stability and paving the way for the recapitalization of existing banks."