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The Court of Appeal sitting in Lagos has affirmed the five-year jail term sentence of Nollywood actor, Olanrewaju James, popularly known as Baba Ijesha, for s+xually a§§aulting a 14-year-old minor.

Recall that Ijesha was sentenced to five years in prison on July 14, 2022 by Justice Oluwatoyin Taiwo (rtd) of the Lagos State High Court.

The appellate court in its lead judgment by Justice Folashade Ojo (presided) found the appellant (Baba Ijesha) guilty on counts 4 and 5, where he was accused of indecently touching a minor and s+xually a§§aulted her.

Other members of the panel, Justice Abdullahi Bayero and Justice Paul Bassi agreed with the lead judgement.

Delivering judgment on the appeal on Thursday, June 27, Justice Folashade Ojo set aside appellant’s conviction on indecent treatment of a child and s+xual a§§ault of a minor which allegedly occurred between 2013 and 2014, describing the testimony of PW1 (Damilola Adekoya) as hearsay.

Justice Ojo, however held that on the event that occurred on April 19, 2021, the evidence of PW1 (Damilola Adekoya) was an eye witness account, adding that an eye witness account remains credible and one of the most effective ways to established commission of an offence.

The court held that the appellant’s voluntarily confessed to the crime of of April 19, 2021, and did not challenge the statement of (PW1), Damilola Adekoya throughout the proceedings…(continue reading on next slide.)

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The Nigerian Navy Ship SOROH (NNS) said it has arrested two persons and seized wooden boat laden with 12,000 litres of Automated Gas Oil (AGO) in Okarki Water Front in Ahoada West LGA of Rivers State.

Parading the suspects on Friday, June 28, NNS Commander, Commodore Nanmar Lakan said the arrest was in line with the mandate of Operation Delta Sanity which include anti-crude oil theft, anti-pipeline vandalism, anti-illegal refining sites, amongst others.

According to him, “Still working with intelligence gathering from the good citizens of this country, we received credible information that some people want to move illegally refined AGO, popularly known as diesel from the Okarki River.

We dispatched our men here and they made this arrest here with two suspects. The quantity here is estimated 12,000 litres of illegally refined AGO.”

One of the suspects, Mr Clement Fimeya, who spoke with newsmen said he was doing the illegal business to feed his four children due to lack of job opportunity.

He pleaded for forgiveness, and promised never to indulge in such illegality if pardoned.

📸: @leadership_newspaper

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After Nike (NKE) reported disappointing fourth-quarter sales and guidance for fiscal 2025, the athletic apparel giant is looking ahead to the Olympic Games, which kick off next month, as an event that could help boost sales.

Nike warned it expects revenue to drop 10% year-over-year in the current quarter as the company shifts to a model focused on newer products, and amid expected sales weakness in the Greater China region and online sales.

Shares of Nike tumbled over 20% to $74.77 in intraday trading Friday following the news. Shares of other athletic apparel and footwear companies lost ground as well, including Skechers (SKX), Lululemon (LULU), Under Armour (UA), and Foot Locker (FL).

Wedbush, Jefferies, and Bank of America analysts all dropped their price targets for Nike following Thursday's earnings report. Wedbush analysts lowered their price objective to $97 from $115, while Jefferies analysts changed theirs to $90 from $100. Bank of America analysts had the highest target at $104, down from $113 previously.

"We doubt many investors will view this as a 'buy the pullback' event, and we think NKE shares are headed for a stay in the proverbial penalty box until new product innovations actually start to manifest themselves and management regains investor trust," Wedbush analysts wrote.

Nike said it lowered its outlook for the first half of fiscal 2025 in part due to plans to reduce inventories of some "classic" franchises like Air Force 1 and Jordan, as growth of those lines has slowed.

Nike said it is also "pulling forward" new product "innovations," which retail partners have voiced excitement over, but those new products could take time to make an impact on Nike's earnings, Wedbush analysts noted.

Wedbush maintained its "outperform" rating for Nike stock, while Bank of America reiterated "buy," suggesting confidence in the long-term prospects for Nike, while Jefferies kept its "hold" rating.

Nike is looking forward to the Summer Olympics in Paris that start next month and will run through August, and has said it plans to spend more on marketing during the marquee event to boost business.

Growth in the basketball sector, long a key source of sales for Nike, helped offset some of the declines in other areas like lifestyle, company leadership said Thursday. Nike said sales should continue to rise in the category thanks to the influx of new fans of women's basketball, with popular shoes from WNBA stars like Sabrina Ionescu expected to continue growing, along with planned launches of signature shoes from Caitlin Clark and A'ja Wilson.

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Gossip Blogger, Stella Dimoko Korkus has tendered a public apology to actress, Sharon Ooja over the shocking claims she made about her husband.

Kemi Filani reported that the blogger had revealed that the actress’ husband, Ugo Nwoke is a billionaire from Imo State and she is his 4th wife as he has been married thrice, to a white woman and two black women. His 3rd marriage which ended in 2023 produced sons.

Now making a u-turn, the blogger apologised to the actress as she stated that she shouldn’t have numbered her. She admitted that her headlines were wrong and it was the wrong timing.

Stella apologised for hurting her and made her know that it wasn’t her intention and she takes responsibility for her actions. Expressing how sorry she is, she prayed for her union.

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Chewy (CHWY) shares moved sharply lower Friday as some investors decided the meme stock hero known as “Roaring Kitty” wasn't signaling interest in the pet supply retailer.

Shares of Chewy skyrocketed as much as 34% on Thursday after Roaring Kitty, whose real name is Keith Gill, posted a picture of a cartoon dog on his X account, a move that was initially interpreted as a sign he was pushing the stocks. As investors determined that might not be the case, the shares plunged.

Chewy's shares were down about 8% in mid-afternoon trading Friday, Shares of rival Petco Health and Wellness (WOOF), which also gained after the Roaring Kitty post on Thursday, rose another 12% on Friday.

Gill, one of the key drivers of the 2021 meme stock craze, has a knack for roiling the markets. After disappearing from social media for three years, he kicked off a fresh meme stock frenzy with a May post on X indicating that he was back in action.

A big beneficiary was GameStop (GME), which saw its shares soar. A month later, Gill posted what appeared to show a large position in the video game retailer, driving up shares again. Later, when he held a livestream event to discuss the stock, investors seemed unimpressed. 

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Popular X influencer Kelvin Odanz has been called out by his wife for allegedly cheating on her with more than 5 women.

The distraught lady who backed up her allegation with receipts, also alleged that shortly after she made the revelation on Twitter, he broke into the house she was in and tried attacking her.

Check the post below:

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