AMCON hands over Keystone Bank to new investors

Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken possession with a view to repositioning the bank immediately.

A statement from the bank said the handover took place last Friday after the Completion Board Meeting to consummate the acquisition and pave way for the takeover was held the previous day (Thursday) with representatives of Sigma Golf-Riverbank Consortium (the Buyer), AMCON (the Seller), Board and Management of Keystone Bank as well as the advisers to the buyer (KPMG Professional Services, Boston Advisory Services, Giwa Osagie & Co., Pan-African Capital Limited) and the Seller (FBN Capital Limited, Citibank Nigeria Limited, Banwo & Ighodalo, CrosswrockLaw).

Recall that AMCON had announced on Tuesday 21stMarch 2017 that Sigma Golf-Riverbank Consortium had acquired Keystone Bank Limited. The Completion Meeting signified the effective hand-over of the bank to the buyer and the commencement of a transition process that will culminate in the reconstitution of the Board and Management of the bank to reflect the new ownership.

Keystone Bank, formerly Bank PHB, was taken over by AMCON in 2011 and has been managed by the AMCON-appointed board and management which stabilised the bank over the years to make it attractive as potential new investors, who emerged as preferred bidders after a very transparent and competitive bidding process.

Analysts believe that the emergence of the Sigma Golf-Riverbank Consortium will bring a new lease of life to Keystone Bank with the expected injection of fresh capital that would position the bank to play competitively in the industry and actualize its full potentials.

“In moving the bank forward as a major player in the industry, the new investors will be backed up by a pool of reputable professionals both currently within the bank and across the industry. 

“Keystone Bank, therefore, assures all its stakeholders that the transition process will reposition the bank to serve its customers better, creating enhanced value for all stakeholders”, the statement added.

Read More

Nigerian-born actress, Queen Blessing Itua pictured with 50cent and Chilli Of TLC on Hollywood movie set (Photos)

Nigerian actress and movie producer, Queen Itua Blessing has featured in a new Hollywood movie. The actress took to her IG page to share photos with American rapper, 50 Cent and TLC singer, Chilli on the set of an action thriller 'Escape Plan 2'.

According to her, she's equally preparing for my upcoming International/Nollywood movie: 'Diplomatic Strings' slated to hit theaters in Europe, Africa, and America later this year.

'Looking good with 50 Cent today on the set of the action-thriller, Escape Plan 2. Timely Hollywood set experience as I prepare for my upcoming International/Nollywood movie: 'Diplomatic Strings' slated to hit theaters in Europe, Africa, and America later this year,' she wrote.

Read More

"They Don't Make Em Like You Anymore" Adesua Etomi celebrates BankyW on his birthday

Today is singer, BankyW's birthday and his rumoured girlfriend, (watch the video here) ) Adesua Etomi took to her Instagram page to celebrate him. She wrote;

Eskeez Me Hot Sturrrvs, Can I Know Yew Plix? On A More Serious Note... They Don't Make Em Like You Anymore... Happy Birthday To This Fine 'Perfect Gentleman' @bankywellington aka Dozie Onwuka. Many Many More Years And Blessings Upon Blessings In Jesus Name.Waiting On My J-Rice #birthdayboy #mcm

Read More

Photo of Westminster terrorist's daughter emerges and she's such a stunner and also a rebel who defied her father's order to wear burqa

18-year-old Teegan is the daughter of London terrorist, Khalid Masood, 52, who drove into pedestrians on the Westminster bridge before he attacked a cop in front of the British Parliament.

Family members revealed that Khalid had tried to forcefully convert Teegan and her mother to Islam and even forced her to begin wearing a burqa but she refused and in defiance went to her high school prom in a revealing dress.

Teegan's mother, Jane Harvey, also rejected Khalid's orders, however, her older sister, Andi, 24, converted and began donning a full-face veil after which she moved to Luton with him and his new partner while he was living there from 2009 to 2011. Afterwards, Andi stopped contacting her old friends in Northiam, East Sussex and it is believed she changed her name to an Arabic one.

Jane fought to prevent Teegan from going with her father and sister, Luke Lawrence who went to school with Andi revealed.

"Jane was totally against the idea and wanted Teegan to remain with her, " Luke said. "But Andi was older and could be very headstrong, so she just went off and did it anyway."

Khalid Masood was born Adrian Russell Ajao. He converted to Islam while in prison in 2003 following an alleged knife attack and afterwards he changed his name to Adrian Elms and then to Khalid Masood. 

Read More

New Music: Eileen- Coat of many colors ft John Godfrey

It’s been a while since we last heard from the Houston- based gospel artist Eileen but she hasn’t been idle. Eileen has been busy for the Lord , honing her vocal skills and has decided to bless us with a new single “Coat of Many Colors”.

 

“Coat of Many Colors” depicts grace in all it's fullness, It specifically tells us about the hand of God, and how He has kept us, This song has a fresh twist of Afrocentricism. It features Nigerian gospel artist /worship leader John Godfrey. This combo is a sure blessing to you and the continents.

 Just think of God’s goodness towards you and jam, sway and bounce for King JC (King Jesus Christ) as you listen. As Eileen puts it point blank, we have much to be thankful for as He daily loads us with MANY blessings.

And remember, Love God, Love People, Love Music  

Produced by dagenius 

Twit i.g & fb. @eileengmusic

Twit & fb @johngodfrey42. 

I.g @johngodfreyofficial 

Read More

Video: Apostle Suleman and wife release love song

Apostle Mrs Suleman recorded a love song to celebrate her husband, Apostle Suleman's  birthday over the weekend. Some of the Lyrics of the song reads

"My Hero, I will stand by you. My Precious love, I will stand by you. This love will last forever" Watch the video after the cut ..

Read More

'Orange Is The New Black' actress Samira Wiley and writer Lauren Morelli get married

Actress Samira Wiley and writer Lauren Morelli are married. The couple met on set of Netflix series 'Orange Is the New Black' back in 2012. At that time, Lauren Morelli was married to man before she came out as gay while working on the show.

 

According to Martha Stewart Weddings, they got married on Saturday, March 25, 2017 at Palm Springs, in a confetti-themed celebration complete with colorful garlands and place settings and Funfetti cake.

The couple made their grand entrance with Justin Bieber's "Baby." while Wiley's parents officiated the outdoor ceremony.

Read More

Interview joke

JOKE:
In Ghana, two friends went for an interview... One was educated and the other wasn't, so they agreed to help each other
They agreed that the educated one should go first... And when he comes back, he should give the other answers to all the questions
The first guy's interview started;
QN 1:"When was Ghana's independence?"
GUY 1:"It was supposed to be 1956 but it was postponed to 1957 due to many reasons."
QN 2:"Who brought independence to Ghana?"
GUY 1:"So many participated but it was Kwame Nkrumah who finalised it."
QN 3:"It's believed that in planet mars there is life...is it true?"
GUY 1:"So many say so, but it has not been scientifically proven."
When he left the interview room, he went straight to his uneducated friend and gave him all the answers.
Second guy's interview also started:
QN 1:"When were you born?"
GUY 2:"It was supposed to be 1956 but it was postponed to 1957."
QN 2:"What!! Who is your father?"
GUY 2:"So many parcitipated but it was Kwame Nkrumah who finalised it."
QN 3:"Oh My God!! Are u CRAZY???"
GUY 2:"So many say so but it has not been scientifically proven!"

Read More

Bad luck causes most Cancer, new study finds

It is widely believed that as humans, if we exercise for 30 minutes every day, eat healthy, avoid cigarettes, alcohol, and drugs, meditate, and participate in the health trend, it seems logical that we will live longer, be happier, and avoid diseases like cancer. Unfortunately, it doesn't always work out that way. A new study published in Science suggests that most cancers are unavoidable. They're caused more often by bad luck than anything else. 
Mutation, which drives cancer, is actually totally normal.


According to Science, it's in fact the engine of evolution--if not for mutation, our genes wouldn't make the random changes that once in a while end up giving us a new, important skill--like making enzymes that break down lactose, or resistance to disease. But often, those mutations get out of control.

Cells divide and divide until they overpower the useful cells in our body and kill us. That's what cancer is.

According to Bert Vogelstein and Cristian Tomasetti at the Johns Hopkins Kimmel Cancer Center, many of these cancers are unavoidable. They're just part of nature.

"We all agree that 40 percent of cancers are preventable," Vogelstein said at a press conference. "The question is, what about the other cancers that aren't known to be preventable?"

Vogelstein explained that each time a cell's DNA is copied, mistakes are made. Most of these mistakes are harmless, and as noted above, some of them can even be beneficial. "But occasionally they occur in a cancer driver gene. That's bad luck," Vogelstein says.

Several of these bad-luck mistakes can add up to a cancerous cell. Their study sets out to determine how often these mistakes are preventable--whether by not smoking or maintaining a healthy weight--how often they are genetic, and how often they occur by chance. The answer may surprise people who have spent decades believing they can control the development of cancer in their bodies.

According to the paper, 66% of cancerous mutations are random, 29% are preventable, and only 5% are genetic. The numbers vary depending on the type of cancer. Lung cancer is indeed usually caused by cigarette smoke, while childhood cancer is often random. The authors hope that these statistics will help some parents feel less responsible for their children's disease. An earlier paper by the authors on the same topic stirred up controversy in the scientific community. Some feel that publicizing this viewpoint will make people less likely to follow advice about cancer prevention. This new study is likely to be even more controversial. Of course, cancer science is incredibly complicated.

Mutations are not the only thing that matter in driving cancer. Factors like hormones can also play a role in determining who the disease hits hardest. "We're not saying the only thing that determines the seriousness of the cancer, or its aggressiveness, or its likelihood to cause the patient's death, are these mutations," Vogelstein told NPR. "We're simply saying that they are necessary to get the cancer."



Source: NPR

Read More

Vector Adurah releases new video

Vector The Viper releases his first official video "adurah" off his third studio album Lafiaji; adurah in yoruba language means prayer. 

This is a story line of how prayer, togetherness, love and happiness, brings hope and joy in whatever situation we find ourselves. 

The video was shot/ directed in Lagos Nigeria by Gini.

With special appearance from comedian/ prophet Woli Arole, other cameos, from GRAP Music's Artiste 

A. O. And a cast from the movie Zarah "Nicole Adigwe". With their crafts together, made this wonderful movie/ music video. 

Here the link of the video below. 

http://smarturl.it/AdurahVideo

Read More

Tonto Dikeh's hubby wishes her a 'Happy Mother's Day'

Tonto Dikeh's estranged hubby, Olakunle Churchill decides to put all their differences aside as he took to Instagram to wish his wife and mother of his son a Happy Mother's Day.

He shared the photo above and wrote, 'Happy Mother's Day to my mother and mama king'

Read More

MAUTECH female student commits suicide due to poor first year result

A 100 level student of the Moddibo Adama University of Technology has committed suicide after she saw her first year result and discovered that her performance was very poor. The girl, who has not been named, ingested insecticide in Oba Adetona Hostel of the University where she lodged.
She was an undergraduate of the department of Management; School of Management and Information Technology (SMIT). According to a source who spoke with LIB her main reason for committing suicide was that she had carry-over in 9 courses in her first semester in the institution.

"She was a 100 level student of Management Department of the School of Management and Information Technology (SMIT). She saw her first semester result and had F in 9 courses so she went back to her hostel and drank ota pia pia," the source told LIB.

The school, which was formerly called Federal University of Science and Technology, Yola, FUTY, before the name was changed in 2011 to MAUTECH, is rumored among students to be a tough institution to pass through and this will not be the first time a student became frustrated after seeing their result. 

The school authority is yet to give an official statement as regards the incident.

Read More