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Gistlegit
Edo State Governor-Elect Okpebholo Vows To Restore Edo’s Lost Glory And Transform The State Upon Swearing-In
~1.6 mins read
 

Senator Monday Okpebholo Receives Certificate of Return, Promises Rapid Development for Edo State
 
The Governor-Elect of Edo State, Senator Monday Okpebholo, has officially received his Certificate of Return from the Independent National Electoral Commission (INEC), marking the formal declaration of his victory in the recent gubernatorial election. In a ceremony filled with joy and widespread celebration across the state, Okpebholo thanked the people of Edo for their trust and pledged to work tirelessly to deliver on his promises.
 
In his acceptance speech, the Governor-Elect extended his profound gratitude to the President of Nigeria, the Vice President, Senate President, Deputy Senate President, Speaker of the House of Representatives, and his colleagues in the National Assembly for their consistent encouragement and words of wisdom. Okpebholo specifically acknowledged the support of the National Chairman of the All Progressives Congress (APC), Alhaji Abdullahi Umar Ganduje, and the Progressive Governors Forum led by Dr. Hope Uzodinma, the Governor of Imo State. Their collective backing played a pivotal role in his victory, he noted.

 
Okpebholo also reserved special appreciation for Comrade Adams Oshiomhole, whose energy and determination helped make his victory a reality. He expressed his deep respect for the Royal Fathers of Edo State, with a heartfelt mention of Oba Ewuare II, the Oba of Benin, for their blessings and support throughout his campaign. 
 
*Watch Video*

 
 
In a show of sportsmanship, the Governor-Elect extended his congratulations to his fellow contestants, praising their conduct during the electoral process and inviting them to work with him in the spirit of unity for the betterment of Edo State. He particularly called upon notable figures such as Asue Ighodalo and Akpata to join him in propelling the state toward a brighter future. 
 
As Okpebholo prepares to be sworn in, he reassured the people of Edo State of his readiness to “hit the ground running” and his determination to transform the state into a beacon of progress and development. With a strong focus on infrastructural growth and governance, the Governor-Elect promised to restore Edo’s lost glory and lead the state toward unprecedented prosperity.
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Instablog9ja
Just In: Crossdresser James Brown Allegedly Misled Nigerians By Claiming He Visited Bobrisky In Prison, While He Reportedly Went To Record A Song With An Inmate
~1.1 mins read

Crossdresser James Brown has been called out for allegedly misleading Nigerians into believing that he visited Bobrisky in prison.

On June 7, 2024, James Brown took to Instagram, claiming he visited Bobrisky at Kirikiri Prison. In the post captioned, “I went to Kirikiri prison to visit Bobrisky to know if she’s alright,” he shared pictures of himself, his team, and the Deputy Controller of Corrections, but notably, no picture with Bobrisky was included.

However, after an audio released by VeryDarkMan, in which Bobrisky allegedly confessed to serving her sentence outside the prison and paying N15 million to the Economic and Financial Crimes Commission (EFCC) to remove ‘money laundering’ from the charges against her, some social media users began questioning who James Brown actually met with during his June 7 visit to Kirikiri.

A source speaking to Instablog9ja claimed that James Brown did not visit Bobrisky as reported. Instead, the visit was allegedly to an incarcerated singer named Vindicate, with whom James Brown collaborated on a song. According to the source, James Brown had reached out to Vindicate for the project, and permission was granted by the NCoS DG in Abuja. The collaboration reportedly involved recording a song and making a video inside the prison, under the supervision of prison authorities.

The source further stated that Bobrisky had only spent three weeks in Kirikiri Prison before being quietly relocated. Additionally, it is alleged that James Brown falsely claimed to have visited Bobrisky during his prison visit.

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Instablog9ja
VeryDarkMan Should Hire An Experienced Lawyer; Bobrisky Will Return To Prison,” Says APC Chieftain Woye, Weighing In On The Recent Bobrisky Scandal
~0.2 mins read

APC Chieftain Woye, has weighed in on the recent Bobrisky scandal.

He VeryDarkMan should hire an experienced lawyer, it’s going to be a long day for him. Bobrisky will return to prison.

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Investopedia
Americans Are Coming Back To The Housing Market After The Fed's Rate Cut, Redfin Says
~1.5 mins read

Homebuyers are finally returning to the housing market after the Federal Reserve cut its influential interest rate for the first time in four years. 

Before the central bank cut its federal funds rate, potential homebuyers hesitated to enter the housing market as high mortgage rates priced them out. Fewer homes were listed as sellers were reluctant to trade in their low interest rates, pushing up the price tag on homes as well.

After the central bank cut interest rates last week, homebuyers have seemingly become more optimistic about the housing market. According to data from Optimal Blue and analyzed by Redfin, homebuyers locked in nearly 70% more mortgages on Sept. 23 than they did a month earlier.

Banks set mortgage rates based on several factors, including the fed funds rate. Potential homebuyers have been watching to see if this rate cut and future actions by the central bank will impact the housing market.

New data from Freddie Mac Thursday showed that interest rates hit a two-year low just a week after the Fed's meeting. The 6.08% average rate on a 30-year, fixed-rate mortgage is still high by historical standards but is nearly 2 percentage points lower than the peak from last October.

Mortgage-purchase applications rose by more than 10% month over month and pending home sales fell 3.1% over the four weeks ending Sept. 22, the smallest decline in five weeks, according to Redfin’s Homebuyer Demand Index.

“One new client decided to start their home search last Thursday because of the Fed’s rate cuts on Wednesday,” said Andrew Vallejo, a Redfin real estate agent in Austin, Tex. “They immediately reached out to a real estate agent and they’re working with a lender.”

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Investopedia
Super Micro Computer Stock Plunges On Report Of Federal Accounting Probe
~1.5 mins read

Shares of Super Micro Computer (SMCI), or Supermicro, dropped 15% to lead S&P 500 decliners Thursday on a report that the U.S. Department of Justice (DOJ) is investigating the server maker over possible accounting and other violations.

reported that the probe came after well-known short seller Hindenberg Research claimed last month that it saw "fresh evidence of accounting manipulation, sibling self-dealing and sanctions evasion" at Supermicro. 

Hindenberg said in the report that it uncovered "glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues."

The paper said that the investigation is in its early stages, and that a prosecutor in the U.S. attorney's office in San Francisco has contacted people who might have relevant information.

It added that officials appear to be looking into accusations from a former employee who filed a whistleblower lawsuit against the company and Chief Executive Officer (CEO) Charles Liang in April, charging Supermicro with improper accounting. 

Last month, Supermicro announced that it would delay the release of its annual report, saying that management needed additional time "to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting as of June 30, 2024."

Supermicro didn't respond to an request for comment.

Super Micro Computer shares hit an all-time high in March, quadrupling in value for the year at that point as the company benefited from the artificial intelligence (AI) boom. However, the stock has lost ground since, although it remains up about 38% in 2024. Recently, shares were off 15% at $387.21 each.

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Instablog9ja
The Policemen Who Hara§§ed And Extorted Corps Members Of Over N1 Million Have Been Identified And Are Being Interrogated — Lagos Police PRO, Benjamin Hundeyin
~0.5 mins read

Lagos Police PRO, Benjamin Hundeyin has said the policemen who hara§§ed and extorted corps members of over N1 million have been identified and are being interrogated.

He said they are men of Area C, Surulere. The Area Commander has been contacted. The men have been identified. They are being interrogated. However, we need more than a verbal accusation. Kindly tell us more. The spy camera would have captured the exchange of money too, be it cash or transfer. Give us something to work it. Update as regards the outcome of the ongoing interrogation will be made available.

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