Author: Akintayo Adams

A Delaware judge has ruled that Tesla CEO Elon Musk is still not entitled to receive his $56 billion compensation package, despite shareholders voting to reinstate it. Chancellor Kathaleen McCormick of Delaware’s Court of Chancery upheld her earlier decision that the package was excessive and unfair to Tesla investors. The judge also denied Tesla’s attempt to reset the situation through a subsequent shareholder vote. Tesla and Musk plan to appeal the decision, arguing that shareholders should have control over company votes. The judge’s ruling has cast uncertainty over Musk’s future at Tesla and the company’s financial strategies. Get instant and…

Belgium has recently enacted a groundbreaking law that provides sex workers with extensive labor rights and protections. This new legislation, which took effect on December 1, 2024, allows sex workers to sign formal employment contracts, granting them access to benefits such as health insurance, paid leave, maternity benefits, unemployment support, and pensions. The law also ensures that sex workers have the right to refuse clients, choose their practices, and stop an act at any moment without facing negative consequences from their employers. Employers must obtain state authorization, adhere to strict safety protocols, and meet background requirements, including no prior convictions…

Timaya recently shared an interesting incident involving Burna Boy and singers Omawumi and Waje. Timaya shared this story in a recent interview with Naija FM, Lagos, highlighting Burna Boy’s unwavering confidence and determination. During a studio session years ago, Burna Boy confidently predicted that he would one day be paid to travel by private jet. This bold statement was met with skepticism from Omawumi and Waje, which angered Burna Boy. Timaya recounted that Burna Boy’s frustration led him to ask Omawumi and Waje to leave the studio. He expressed that nothing Burna Boy is achieving now surprises him, as Burna…

Vietnamese property tycoon Truong My Lan is in a race to avoid execution after being sentenced to death for masterminding a massive bank fraud. The court found that she had secretly controlled Saigon Commercial Bank and misappropriated $27 billion, with $12 billion judged to have been embezzled. To avoid execution, Truong My Lan must repay 75% of the embezzled amount, which totals approximately $9 billion. This condition, if met, will commute her death sentence to life imprisonment. The challenge lies in liquidating her assets, which include luxury properties and shares in various businesses. Her case has drawn significant attention due…

Nigeria’s Eurobond issuance has achieved a significant milestone, raising $2.2 billion after returning to the international market. This comes with a remarkable $9 billion oversubscription of the bond. The bond issuance, which began on Monday under the Global Medium Term Note Programme, aimed for a target issuance of $1.7 billion but was oversubscribed. The federal government plans to use the Eurobond to address the country’s fiscal deficit. The issuance included two tranches: $700 million worth of a 6.5-year Eurobond maturing in 2031 at a coupon rate of 9.625%, and $1.5 billion of a 10-year Eurobond at 10.375%. Finance Minister Wale…

Firdausi Muhammad, a 25-year-old woman from Jigawa State, has given birth to triplets, just a year after delivering twins. The triplets, consisting of a boy and two girls, were born via Cesarean section at Dutse General Hospital. All three babies are in good health and are being well cared for by the medical team. Firdausi’s husband, Dayyabu Muhammad, a junior police officer, expressed his excitement and gratitude for the new additions to their family. However, he also highlighted the challenges they face in providing for their growing family. Firdausi has appealed to the Jigawa State Governor, Umar Namadi, his wife,…

The Economic and Financial Crimes Commission (EFCC) has announced its largest asset recovery since its inception in 2003. This follows a ruling by Justice Jude Onwuegbuzie of the Federal Capital Territory High Court on the final forfeiture of an Abuja estate measuring 150,500 square meters, containing 753 units of duplexes and other apartments. The estate, located on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja, belonged to a former top government official. The EFCC emphasized that the forfeiture aligns with its mandate to ensure that corrupt individuals do not benefit from their unlawful activities. Justice Onwuegbuzie ruled in favor of…

The Oyo State Government has significantly increased the 2025 capital budget allocation for Persons With Disabilities (PWDs) by over 70% compared to 2024. Governor Seyi Makinde announced this during the 2024 Stakeholders Summit and International Day of PWDs celebration in Agodi, Ibadan. Represented by his deputy, Bayo Lawal, Governor Makinde highlighted the government’s efforts to support the disability community over his four-year administration. He noted that the capital budget for PWDs has been raised to N877,500,000 from the initial N492,000,000, following requests made during the last Budget Town Hall meetings. Additionally, the overhead cost for the state Agency for Persons…

Nigerian music superstar Davido (David Adeleke), in a recent interview on Streetz94.5, a hip-hop radio station in Atlanta, shared insights about his journey and the support he received from his family during the early days of his career. Davido revealed that many people did not believe in his potential initially. He mentioned that it was primarily his family and manager who stood by his side. Davido also discussed the influence of his father’s religious values, which guided him through challenges. Reflecting on life’s hardships, Davido recalled a conversation with his father about why bad things happen to good people. His…

Edo North Senator, Adams Oshiomhole, has voiced his support for the financial autonomy of local governments in Nigeria. On July 11, 2024, the Supreme Court upheld this autonomy, marking a significant step towards decentralization. Speaking at a forum on local government autonomy organized by the House of Representatives, Oshiomhole emphasized the importance of character in governance and accountability. He advised local government chairmen to allocate resources to essential services such as roads and hospitals. In a lighter vein, Oshiomhole remarked, “It’s better to have 774 local government chairmen who are thieves than one big thief,” suggesting that with financial autonomy,…