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Obasa, Lawmakers Mourn As Ex-Lagos Speaker Dies At 82

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Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has described the death of Abayomi Kinyomi, a former Speaker in the State, as a great loss.

Dr. Obasa said this in a statement released by his Chief Press Secretary, Eromosele Ebhomele, on Wednesday, adding that the former Speaker would be sorely missed for his contributions to the advancement of Lagos.

Rt. Hon. Kinyomi, who served as Speaker of the Lagos State House of Assembly between January 1992 and November 1993, died at 82 on Tuesday after a brief illness.

Obasa urged the deceased’s immediate family, his friends and associates to take solace in the fact that he lived a life of service to humanity which is one of the reasons for being alive.

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According to Obasa, “Rt. Hon. Kinyomi lived a good life both privately and in public office in which he served Lagos diligently and passionately. His service and love for Lagos state can never be forgotten.

“We will sorely miss him, his wisdom and contributions to the growth and development of our dear state.

“On behalf of my colleagues at the Lagos State House of Assembly, I pray that Allah, the Most Beneficial, the Most Merciful, grant him eternal rest and give those he left behind the divine strength to carry on, amin.”

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Lady says as she recounts lovely experience with husband

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A young woman has taken to Twitter to recount her experience with her husband after he lost his job one month into their marriage.

The Twitter user, identified as @adaratheexploer, in a series of tweets, said when her husband was fired at his place of employment, he was scared that she would dump him because he could no longer provide for their family but she stood by him and became the breadwinner without complaining.

She said after her husband got back on his feet and was financially stable, he fulfilled all the promises he made to her because she was loyal to him.

Speaking from her experience, the young woman asserted that a man who loves his wife would never forget how she supported him during his trying times.

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Read the full thread below,

“One month after we got married, my husband was fired from his job. We were newly married. Wedding was debt free & we used the money we got in gifts to pay down student loans. That left us with a whopping $1500 in our accounts between the two of us. $1000 in mine and $500 in his.

Fired with $500 in his bank account. That left me with $1000 in mine but I still had a biweekly paycheck because I was working. I will never forget the day he was let go. It was not like a usual day. He barely spoke to me all day and in the afternoon he texted. We have a rule – No important things are discussed by text (that’s another post for another day) but I will never forget the text “hey babe, we need to talk and it’s not a text conversation. Can I call you right now?” I knew this was serious so I excused myself to talk I called him.

Before I could utter a hello he broke down & told me he got fired out of nowhere. He kept saying “I don’t know what I’ll do if you leave. Give me time to find another job & provide”. I had never seen him so afraid. He kept begging me to come home and that he would figure it out

I was baffled because leaving had never even crossed my mind! In my mind as soon as I heard the “fired” I started calculating how much overtime I could swing to carry us and our church mortgage. Oh yeah, my husband pastors a church. The whole idea that pastors steal money is wild.

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We were paying several of our church’s bills. Because that’s what you do when there’s a need. Anyway, I told my manager I had an emergency at home and left. I came home to him crying & I realized this deeply hurt him because he was used to providing and always had done so.

Now a month later that was being snatched and things were about to get shaky. We would struggle a bit. However, never in my mind did I think about leaving. In fact, I got another job. For better or worse was imprinted on my soul. So we had dinner that night.

We didn’t have a kitchen table so we sat on our pull out couch and ate Wendy’s. He said “babe, I know it doesn’t seem like it right now but we can come back from this. I just need a little time. Please just give me time. To which my question was obvious – how much time.

He said he didn’t know but he gave me his word that it would happen and my dream of being a stay home wife would happen. Dreams are funny little things. They require work to become reality. And that’s what we did. We worked together. And I never once spoke down to him.

He just needed time and for me to trust. Fast forward, everything he promised, he made good on. The moral of this is that a man who loves his woman never forgets how she was there when he lost everything. When he is in the position to, he will later give her everything and more.”

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Tiktok star, Hajia Bintu, uploads eye-pop video, slammed over desperation to trend

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TikTok Star and influencer Hajia Bintu once again seize attention on social media, as she posts another challenge video.

In the video, one thing that caught peoples attention was poosy which was shaped down there. Many who watched the video watched it twice because other accessories accompanied with the video.

Video below:

 

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A post shared by Slay Queens Africa (@slay_queensafrica)

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22 Hospitality Limited buys Sheraton’s parent company, Capital Hotels

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Theheute-

Capital Hotels Plc, owners of the Abuja-based luxury hotel, Sheraton, said 22 Hospitality Limited has procured 66.1 per cent of its outstanding shares in exchange for a controlling stake in the company.

A purchase of a company’s total issued shares crossing the 50 per cent threshold is deemed a buyout. Capital Hotels has not posted annual profit in the last two years.

The transaction is the end of a series of off-market deals conducted for months, and means Hans Gremlin Nigeria Limited will be yielding to 22 Hospitality Limited the ownership crown it had worn for two decades.

“All the required regulatory approvals have been received for the transaction,” Capital Hotels said in a statement posted on the Nigerian Exchange’s website.

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Capital Hotels set out earlier in the year to raise capital for, what it said, was the renovation of the hotel.

The board sought to approach it by way of rights issue and made a proposal during an emergency general meeting in April to sell new shares to existing shareholders at N7 per share at a time a unit was selling for N3.19 in the market.

A refusal by shareholders to endorse the offer for fear it would erode their rights meant the board turned to private placement as a second option. In all, 1,611,995,510 shares were allotted to 22 Hospitality Hospital at N7 per unit when that was concluded, totaling N11.3 billion.

The company’s share price, which had been stuck at N3.19 for at least seven months to 23rd May, jumped to N3.40 that date but has not moved again ever since.

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The share purchase transferred 51 per cent of the company’s outstanding shares to 22 Hospitality Limited.

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“In addition, 22 Hospitality Limited also bought 456,641,337, and 21,562,293 Ordinary Shares of 50 kobo each representing 14.45% and 0.68% of the equity share capital of the Company, from Hans Gremlin Nigeria Limited and Associated Ventures International Limited respectively through Offer for Sale,” according to the statement.

Altogether, the new owner’s holding in the firm translates to 2,090,199,140 ordinary shares.

Bank of Industry Limited, Ministry of Finance Incorporated, Nigeria Re-insurance Corporation and Continental Energy Resources Limited are among the substantial shareholders of Capital Hotels, its 2021 audited financial statement shows.

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