MC Orobo Suggests Hidden Deal Between VDM And Madam NAFDAC DG Amidst Ongoing Legal Battle
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MC Orobo Accuses VDM of Suspicious Ties with MADAM NAFDAC DG Amidst Legal Battle with Prophet Jeremiah Fufeyin
A public feud is brewing between popular activist MC Orobo and controversial figure VDM, with fresh allegations surfacing regarding a possible secret relationship between VDM and the Director General of the National Agency for Food and Drug Administration and Control (NAFDAC). This comes amid an ongoing legal dispute involving Prophet Jeremiah Fufeyin, where tensions have escalated, drawing attention from both spiritual and regulatory circles.
MC Orobo has openly questioned VDM’s confidence in the ongoing legal proceedings, insinuating that there might be a hidden agenda between him and the MADAM NAFDAC DG. Orobo expressed skepticism, stating, “Something fishy is going on,” as he hinted at possible collusion that could be influencing the outcome of the legal battle. His concerns raise broader questions about the independence of regulatory bodies when it comes to spiritual matters.
Orobo did not stop at VDM, directing sharp criticism at the MADAM NAFDAC DG, suggesting that her involvement in this high-profile dispute may be unprecedented. Comparing the current MADAM NAFDAC DG to the late Dora Akunyili, a respected former director of the agency, Orobo remarked, “Dora Akunyili never interfered with spiritual matters like this,” implying that the current administration might be overstepping its boundaries.
The activist's remarks have sparked debate about the proper role of government officials in private legal matters, particularly when they involve prominent religious figures like Prophet Jeremiah Fufeyin.
MC Orobo further alleged that VDM holds significant influence over the MADAM NAFDAC DG, hinting that this relationship could have serious implications for the ongoing legal case. Orobo’s claims have stoked public curiosity about whether VDM’s power extends beyond the courtroom and into regulatory bodies, which, if true, could have far-reaching consequences for the integrity of Nigeria’s justice system.
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“Is NAFDAC silent out of fear?” Orobo questioned, noting that the regulatory body has remained unusually quiet despite the legal storm swirling around VDM and Prophet Fufeyin. His remarks suggest that VDM’s bold actions, including defying court orders, may have intimidated even a powerful national agency like NAFDAC.
The public legal battle between VDM and Prophet Jeremiah Fufeyin has drawn widespread attention, with this latest twist only intensifying the spotlight. According to Orobo, VDM’s defiance of court rulings and veiled threats toward the NAFDAC DG raise concerns about potential abuses of power in a country already rife with legal and political controversies.
The public reaction to MC Orobo’s accusations has been swift, with social media platforms ablaze with speculation. Some supporters agree with Orobo’s sentiments, praising him for standing up against potential corruption. Others, however, have questioned whether these accusations are based on verifiable facts or are merely a tactic to sway public opinion in the ongoing legal battle.
As the dispute between VDM and Prophet Jeremiah Fufeyin continues, the allegations of a secret connection between VDM and the NAFDAC DG have added a new layer of complexity to the case. MC Orobo’s outspoken criticism has turned the spotlight on possible regulatory overreach and influence peddling in Nigeria’s judicial and spiritual realms. Whether these claims hold water remains to be seen, but one thing is certain—the controversy is far from over.
As the legal battle intensifies, the public will be watching closely to see if any further developments arise from these explosive accusations.
Famous Footwear Parent Caleres Stock Plunges On Soft Sales
~1.1 mins read
Caleres (CAL) shares plunged Thursday when the footwear company significantly missed estimates and slashed its outlook on soft demand, a later back-to-school sales period, and technical problems.
The parent of the Famous Footwear retail chain, Allen Edmonds, and other brands posted second-quarter earnings per share (EPS) of 85 cents, more than 30% below the consensus estimate of analysts surveyed by Visible Alpha. Revenue dropped 1.8% year-over-year to $683.3 million, also short of forecasts.
Famous Footwear unit sales were up 1.5%, but comparable-store sales fell 2.9%. The company's Brand Portfolio segment sales tumbled 5.1%.
Chief Executive Officer (CEO) Jay Schmidt said the results were "below expectations," and "both segments fell short of our potential." Schmidt said that Caleres "experienced weak seasonal demand and back-to-school business came later than expected." He added that challenges with the implementation of the company's enterprise resource planning (ERP) system "led to lack of visibility" for its products, hurting sales.
Caleres now anticipates full-year adjusted EPS of $4.00 to $4.15, compared with its previous outlook of $4.30 to $4.60. It sees sales down a low-single-digit percent versus the earlier guidance of flat to up 2%.
Shares of Caleres sank nearly 20% to $29.93 Thursday afternoon to fall into negative territory for the year.
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Microsoft Is Reportedly Slashing Jobs In Its Latest Round Of Xbox Cuts
~1.1 mins read
Microsoft (MSFT) reportedly is laying off 650 employees from its Xbox division, the company's third round of unit cuts since closing its $69 billion acquisition of Activision Blizzard last October.
According to a memo from Xbox chief Phil Spencer, the affected employees are "mostly corporate and supporting functions," rather than game development, per . "No games, devices or experiences are being cancelled and no studios are being closed as part of these adjustments today," Spencer added.
Microsoft did not immediately respond to an request for comment.
Microsoft has significantly trimmed its Xbox division this year. In January, Microsoft said it was laying off 1,900 workers in its gaming sector, or about 9% of the unit. In May, Microsoft shuttered multiple Bethesda studios acquired along with its purchase of ZeniMax in 2021, as first reported by .
The company is far from alone in the video game industry. Take-Two Interactive Software (TTWO), the company behind the "Grand Theft Auto" franchise, closed to of its subsidies in May, according to . Just this month, Sony (SONY) said it was removing first-person shooter "Concord" from Playstation 5 consoles and PCs just two weeks after the game underperformed.
Microsoft shares edged higher to $424.51 Thursday afternoon. They are up about 13% in 2024.
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