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A Grade ‘A’ customary court in Ibadan on Friday sentenced a 20-year-old man, Samuel John, to six months in prison for stealing beans worth N20,000.
The court’s president, Sukurat Yusuf, sentenced Mr John after he pleaded guilty to two-count charges of housebreaking and stealing.
Ms Yusuf sentenced Mr John without an option of fine and held that the convict should be kept in the Agodi Correctional facility in Ibadan.
The prosecutor, Philip Amusan, had told the court that Mr John committed the offences on September 2 at about 6:00 p.m., in the Omi-Adio area, Ibadan. Mr Amusan said the convict broke into the house of Felicia Oni and stole the beans. He said the offences contravened sections 411 and 390(9) of the Criminal Laws of Oyo State, 2000.
Private equity giant Blackstone (BX) is reportedly mulling options for VFS Global, including a sale of its majority stake in the visa outsourcing and technology services firm.
A sale of the Dubai- and Zurich-headquartered unit could value VFS at around $7 billion, reported.
Blackstone reportedly acquired a majority stake in VFS from Swedish investment firm EQT AB in 2022 for an undisclosed amount. EQT, as well as Kuoni and Hugentobler Foundation, continue to hold minority shares in VFS, according to
VFS is an outsourcing company that undertakes administrative tasks "related to applications for visa, passport, and consular services," according to its website.
Blackstone shares were up 2% at $149.58 in intraday trading Friday and have gained about 14% so far this year.
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Pastor Korede Komaiya: Putting South-South Nigeria on the Global Spotlight
Social media platforms like YouTube, Instagram, and Facebook have become important tools for his ministry, allowing him to engage with a global audience. This has made it possible for Christians from various corners of the world to feel a sense of belonging and spiritual growth, even if they are miles away from Warri.
A single woman has inquired after a personal experience that, does ovulation become more intense with age?”
She said she is literally on the brink of te@rs because she don’t have a partner and a house and a cute little family and she also so h%rny that it feels like she might legitimately pass away.
She is way too pretty and funny and cool and kind to have absolutely zero prospects but she also don’t leave the house or go on dates or give anyone a chance because she think everyone is secretly weird and trying to k#ll her.
Paramount Group (PGRE) shares edged higher Friday as the real estate investment trust (REIT) that specializes in commercial properties suspended its regular quarterly dividend of $0.035 that was to be paid Oct. 15.
Chief Executive Officer (CEO) Albert Behler explained that the move "aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility." No timetable for when the payments could resume was given.
The decision came soon after it was reported that the company was in discussions with lenders to sell off the 750,000-square-foot Market Center in San Francisco's financial district to pay off $402 million in debt that is backed by the complex.
Paramount purchased Market Center for $722 million from Blackstone (BX) in 2019. The said if the site is put up for sale it would be "the most significant to hit the market in terms of square footage since prepandemic."
Shares of Paramount Group rose less than 1% to $4.97 in late-morning trading Friday but are down about 4% this year.
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Ohio-based electricity provider FirstEnergy (FE) said that it has reached a $100 millin settlement into the Securities and Exchange Commission's (SEC) investigation into the company's bribery scandal.
"We are pleased to have reached a resolution with the SEC as we continue to turn a new chapter," FirstEnergy Chief Executive Officer (CEO) Brian X. Tierney said. The company said in a previous quarterly report that it had set aside $100 million in anticipation of the settlement.
The Akron-based utility was accused of paying some $60 million in bribes to Ohio politicians for favorable bailout legislation for its nuclear plants.
Several politicians, former FirstEnergy executives, regulators, and lobbyists have been charged or sentenced to prison for their roles in the largest bribery scheme in Ohio history.
The scandal also had other implications for FirstEnergy, which in April 2023 lost its naming rights deal for the stadium housing the NFL's Cleveland Browns amid public pressure over the scandal. The venue reverted to its original moniker, Cleveland Browns Stadium, last season before being renamed following a deal with Huntington Bank (HBAN) earlier this month.
FirstEnergy shares edged lower to $44.01 about 45 minutes after markets opened Friday but have risen 20% this year.
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