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Delta State Guber Hopeful Arrests Hotel Staff, Strip Them Naked For Allegedly Stealing N5,000

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The four staff, it was learnt, were granted bail on Monday through the intervention of some anti-corruption and human rights activists, who decided to take up the matter.
Aformer Minister of State for Education, Kenneth Gbagi, who is currently nursing a governorship ambition in Delta State in 2023 on the platform of the Peoples Democratic Party, has arrested and charged four of his staff working in his hotel to court for allegedly stealing his N5,000, SaharaReporters has learnt.

It was reliably gathered that Gbagi last week Friday arrested the four staff working in Signatious Hotel, Warri, Delta State, after they were striped naked and photographed inside the hotel before handing them over to the police.

Our correspondent gathered that after dehumanizing the four staff, a male and three females, they were taken to the Ebrumede Police Station to be remanded in custody.

Speaking in confidence with our correspondent, a staff of the hotel revealed that his colleagues were arrested by the former minister over the alleged theft of the said amount.
He said, “My boss, former Minister of State for Education and owner of Signatious Hotel, Chief Kenneth Gbagi, arrested four of my colleagues working for him over the stealing of N5,000 from the hotel when actually the N5,000 was given as a gift to them by a guest because of their good behaviour.”
While giving the names of the arrested colleagues as Gloria Oguzie, Victor Ephraim, Rosslyn Okiemute and Achibong Precious, the source said, “Before they were arrested by the police on Friday last week at the hotel, the four staff were stripped naked while they were photographed in the presence of the police. 
“We learnt that the dehumanising treatment was instructed by our boss.”

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It was further gathered that the hotel management forcefully made some withdrawals from the bank accounts of the four staff through their ATM cards before the police took them away in a waiting van.
The four staff were charged before a magistrate court sitting in Effurun after four days of detention.
In a five-count charge, the police accused the suspects of conniving among themselves to steal monies ranging from N156,000, N110,000, N5,000 and N2,000 owned by Signatious Hotel and committed an offence punishable under section 516 and 390 (9), of the criminal code Law Cap21C Vol.1 Law of Delta State.

The four staff, it was learnt, were granted bail on Monday through the intervention of some anti-corruption and human rights activists, who decided to take up the matter.
Warri-based human rights lawyer, Omemiroro Maxwell Ogedegbe, who confirmed the story, said that the four staff were granted bail by a magistrate court sitting in Effurun, Delta State

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Brands and Company

How Jumia stock is rebounding and gaining momentum 

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Commerce

The last four weeks has been that of uplift in fortune for holders of Jumia stock, and the development is rightfully drawing attention of stock-inclined minds:

Fruitful yuletide: The stock sold as high as $47 a day to Christmas and has hovered between $34 and $39 since December 11th 2020. On January 12th 2021, Jumia stock sold at $40 on the floor of New York Stock Exchange.

Unexpected positive turn in fortune: Jumia recorded a 12% drop in revenue in the first three quarters of 2020, but has made a 600% increase in stock price since then.  The best part is that the stock has sustained its good momentum for over a month.

Regret for doubters: Some investors who didn’t buy Jumia stock when it sold for just over $2 in March 2020 are beating up themselves for not taking advantage. Currently trading for just over $40, some holders see an opportunity to sell. But the next few months can also bring huge fortune for those who dare to hold.

 

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Bright prospect: Analysts ascribed the improvement to investors’ belief in Jumia’s potential and are willing to overlook lagging business results for the time being. For instance, a $5,000 investment in Amazon in 1997 will translate to more than $4 million today. The current good performance of Jumia stock is an indication that the brand holds the potential of being a replica of the Amazon story in Africa.

Opportunity for Africans: Jumia prides itself as Amazon of Africa. It could end up being a smart move for Africans who buy into the dream by owning part of a brand that identifies with them.

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Brands and Company

Covid-19 Second Wave: Online Shopping Still Among Measures To Limit Spread – Jumia CEO

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Covid-19

Jumia Nigeria CEO, Massiliano Spalazzi 

As authorities put measures in place to prevent rapid spread of covid-19 in the light of the second wave of the pandemic emanating from mutation variants of the dreaded virus, Jumia Nigeria CEO, Massiliano Spalazzi has highlighted the services of ecommerce platforms as one of the measures to help mitigate the spread among Nigerians.

While speaking on the crucial role and contributions of ecommerce in the present day socio-economic reality in Nigeria, Spalazzi said online shopping will help promote the adoption of social distancing measures and eliminate the contact risk associated with brick and mortar stores, as people can purchase different products of their choice and get them delivered from the safety of their home.

“Online shopping remains one of the ways individuals can take precautions to limit the spread of Covid-19. People are being urged to avoid large gatherings, and limit human contact as much as possible. Ecommerce platforms possess all these features that will help customers keep to the safety culture. From the comfort of their safety, customers can shop on the Jumia platforms, make payment through online payment solutions like JumiaPay and get them delivered via Jumia Express, or our contactless agents,” he said.

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He pointed out the crucial role played by ecommerce platforms during the 2020 Covid-19 lockdown. “What we have seen last year has been how relevant and important e-commerce was in serving the population during these tough times. We’ve seen many different situations happen from the Covid-19, which obliged people to be locked down and having to purchase their goods in a safe way.”

During the first wave of the pandemic, ecommerce platforms served as a veritable channel for brands and businesses to connect with their customers. Global brands such as Coca-Cola, Procter & Gamble, Reckitt Benkiser, Nestle, Unilever and other essential goods manufacturers partnered with Jumia for sales of their products.

Likewise, online retail platforms were key for the survival of food and grocery enterprises when sit-in services were prohibited with customers restricted by social distancing rule. It was a period where more customers boarded the ecommerce food service train and several local restaurants partnered with Jumia to keep their food, beverage and grocery service going during the lockdown.

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Brands and Company

Dangote Cement Successfully Purchased Shares Worth N9.77 Billion

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  1. Dangote Cement Successfully Purchased Shares Worth N9.77 Billion
Dangote Cement has announced the completion of the first tranche of its share buy-back programme.
Dangote Cement Plc has announced the completion of the first tranche
Cement, industry
of its share buy-back programme, as the cement behemoth bought back shares of the company worth N9.77 billion.
This announcement was made by the management of the company, in a recent statement issued and signed by the Deputy Company Secretary, Mr Edward Imoedemhe, today, 11 January 2021.
During the first tranche of the share buyback programme which commenced on Wednesday, 30 December 2020 and ended on Thursday, 31 December 2020, the company on the open market of the Nigerian Stock Exchange purchased 40,200,000 ordinary shares of the company at an average price of N243.02, representing 0.24% of the Company’s issued and fully paid ordinary shares.
What you should know
Following the conclusion of Tranche I, the total number of residual issued and fully paid outstanding shares of DCP amounts to 17,000,307,404.
However, the completion of the share buyback programme of the company does not portend any material impact on the Company’s financial position, and the operation of the company as a going concern.

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