Lordgoody

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Lordgoody
Battleship Island;once World's Most Populated City Abandoned 47 Years Ago.
~2.7 mins read
Hashima, also known as Battleship Island because of the shape is an abandoned island of Nagasaki, lying about 15 kilometers (9 miles) from the center of the city.In the 19th century, large deposits of coal were discovered beneath the sea and a town was built entirely of concrete by the Mitsubishi conglomerate to house the miners and their families.Hashima is a former coal mining site with over 150,000 tons of coal yearly.People lived on the island from 1887 until 1974.The Island lies to the west of the Japanese mainland, at approximately 18km from the port city of Nagasaki.It’s also known as Gunkanjima, which means ‘battleship island’, due to the resemblance.It covers an area of 6.3 hectares.Hashima was famous for undersea coal mining.It was bought in 1890 by Mitsubishi and subsequently developed for the workers and senior officials with hospitals and schools.It was one of the most densely populated cities in the world, with a population of 5,200, at its peak, living in a space equivalent to that of fifteen football fields.However, as petrol began to replace coal in the 60s, coal mines were eventually closed in Japan.The downturn of economic activity compelled its residents to pack up and leave the island all within three months.Hashima has remained desolate since.
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Lordgoody
Femi Otedola Becomes First Bank's Largest Shareholder To Take Over Investment.
~1.2 mins read
Exclusive! Femi Otedola takes over First Bank as largest shareholder with N30bnFrom having a humongous loan portfolio of N192 billion in 2012 via his then Zenon Petroleum and Gas Ltd which was eventually passed on to the Asset Management Company of Nigeria, billionaire businessman, Femi Otedola has today taken over First Bank of Nigeria Plc with his recent acquisition of about N30 billion worth of shares, making him the single largest shareholder of the bank.

What this invariably means is that being the largest shareholder, he holds the highest voting shares and can dictate the direction of the bank through his voting power.

In 2019 when he divested his 75% direct and indirect shareholding in Forte Oil, via a merger of his company Zenon Oil and former African Petroleum, many wondered why he made such a decision especially because of the lucrative nature of the oil and gas sector.

They became all the more curious as to what his next move would be. He didn’t keep them guessing too long as he soon announced that he wanted to explore and maximize business opportunities in refining and petrochemicals.

Even though he also had investments in the real estate and financial sector, Otedola singled out First Bank for the single reason that there wasn’t exactly one man calling the shots there, unlike in other new generation banks.

He wasted no time in taking advantage of the leadership crisis that rocked First Bank not too long ago that the Central Bank of Nigeria sacking both the chairman of the bank, Ibukun Awosika and Obafemi Otudeko, the chairman of FBN Holdings.

Otedola made his moves and tday, he is the better for it.

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