Estate
Budweiser Releases Word Up! Magazine Notorious B.I.G. Tribute
One of America’s most beloved beers is saluting one of the culture’s most beloved MC’s. Budweiser has just released an issue of Word Up! Magazine in tribute to The Notorious B.I.G.. As spotted on Hype Beast the King of Beers has partnered with the late great rapper’s estate to bring back one of Hip-Hop’s most influential publications. […]
Celsius wants to extend the deadline for claims as lawyer fees mount
Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month. The crypto community has started to grow impatient, noting that Celsius’ lawyer fees have continued to stack up and are eating away at the lender’s estate. In a Dec. 29 tweet, Celsius announced that it would seek to extend the current deadline for claims from Jan. 3 to early February. The bankruptcy court is set to hear the motion on Jan. 10, and according to Celsius, the Jan. 3 deadline will be extended until at least then. Celsius is preparing to file a motion later this week requesting an extension of the bar date, which is the deadline to file a claim, from January 3, 2023, until early February. — Celsius (@CelsiusNetwork) Dec...
Morris Day Says Prince’s Estate Blocked Him From Using The Time Band Name
HipHopWired Featured Video Source: Emma McIntyre / Getty Few names in music are as ubiquitous to funk and soul music as Morris Day & The Time, but it appears that the band’s name will no longer be in use according to its frontman. Morris Day took to Instagram with claims that the estate of the late Prince, who helped develop the band in the early stages of his career, blocked him from using The Time for performance purposes. Day, 64, shared the statement via Instagram on Thursday and can be read in full below: I’ve given 40 years of my life building up a name and legacy that Prince and I came up with. A name that while he was alive, he had no problem with me using. I literally put my blood, sweat, and tears into bringing value to that name. In fact, he booked me on several tours, and m...
EFCC has recovered over $100 million for NPA – chairman
The chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, says the agency has recovered over $100 million for the Nigerian Ports Authority Bawa said the recovery was part of the outstanding remittances owed to the country through the Nigerian Ports Authority. In 2017, the federal government had terminated the boat pilotage agreement it signed with Intels, after Abubakar Malami, attorney-general of the federation (AGF), said it violated the constitution. The company was also accused of not paying taxes in 2017 — the same year NPA accused it of failing to remit an outstanding debt. Speaking at the weekly ministerial briefing organised by the presidential media team at the presidential villa, Abuja, on Thursday, Bawa said EFCC had made recoveries directly for the...
Report: Nigerian politicians own 800 assets worth $400 million in London, Dubai
File Photo An Associate Fellow of Chatham House, London, Mr. Matthew Page, said yesterday that 800 property worth $400 million and owned by Politically Exposed Persons (PEP) in Nigeria were located in London and Dubai. The revelation is coming as the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanonye, said it dragged about 2,000 corporate entities into the country’s tax net. A statement issued by ICPC said Page made the disclosure in his paper presentation titled: “IFFs through the Real Estate and Education Sectors: Implications for Investigators,” at an event organised by the agency in Abuja. He urged the investigators of the ICPC to pay attention to real estate and education sectors-linked illicit financial flows. He noted ...
Rivers: Robbery suspect arrested with police identity card
A suspected armed robber who was among two suspects arrested by security guards and residents of Elekahia Housing Estate was seen with an identity card of Nigeria Police Force, suggesting he might be their personnel. Newsmen gathered that the suspected were arrested on Saturday night after successfully robbing two ladies, but could not escape from the estate because of the presence of local vigilance group. President of Elekahia Progressive Youth, Prince One Aholu, confirmed the arrest to journalists, saying he got the report that the suspects were arrested during a robbery operation in the area by local vigilance team Aholu said the security guards alerted Police officers from Elekahia Divisional Police Station in Port Harcourt, who responded swiftly and arrested the suspects. The youth p...
IRS Says Prince’s Estate Undervalued by $80 Million, Owes $32.4 Million in Taxes
When Prince died in 2016, he not only left a massive hole in the world of entertainment, but a complicated financial situation. The rock legend left no will, leaving it to his estate to wade through some messy legal waters. Now, the IRS has said the executors of Prince’s estate undervalued it by over $80 million and owe a substantial sum in federal taxes. As NBC News reports, the IRS has determined Prince’s estate to be worth $163.2 million — nearly double the $82.3 million valuation put forth by the estate. Court documents put the balance of the discrepancy largely on music publishing rights and “recording interests.” As a result, the IRS is seeking an additional $32.4 million in federal taxes, as well as a $6.4 million “accuracy-related penalty” for “substantial” assets undervaluation. C...
Chadwick Bosemen Died Without a Will, Widow Files Probate Case to Oversee Estate
Black Panther star Chadwick Boseman left behind new legal will upon his death this past August. However, by marrying his wife, Taylor Simone Ledward, in the months prior to his passing, Boseman ensured she would inherit his assets. According to TMZ, Boseman’s widow filed a probate case in Los Angeles on Thursday and requested the judge grant her limited authority over his estate. According to court documents reviewed by TMZ, the estate is estimated to be worth $938,500, though additional assets are thought to be held in separate private trusts. The docs also indicate that the actor is survived only by his parents, Leroy and Carolyn Boseman. Much like the film star’s stage 4 colon cancer diagnosis, the public wasn’t aware of Boseman and Ledward’s marriage until Boseman’s death. No...
Edo guber: APM vows to resist move by national body to arm-twist state chapter
Barely two weeks to the September 19 governorship election in Edo State, the leadership of the Allied Peoples Movement (APM) in the State has vowed to stand against what it described as an intended time bomb and seeds of calamity being sowed by certain elements at the national level of the party, which if unchecked it said is capable of derailing the country’s democracy as well as breed insecurity in Edo State. The party’s State leadership declared that the plans of the elements at the national secretariat of the party to interfere, derail and sabotage the workings of the State leadership of the party with a view to hoodwinking and hijacking the party for personal gains would be resisted. Party Chairman Dr Samson Falana Isibor, who gave the warning at a press conference in Benin City, att...
Edo APC leaders vow to replace Governor Obaseki during primaries
Leaders of the All Progressives Congress (APC) in Edo state have vowed to replace the incumbent governor, Mr Godwin Obaseki, during the primary election of the party, saying no amount of blackmail and intimidation would cow them into submission. In a statement issued Thursday in Abuja, the APC leaders said their views represent the several thousands of APC leaders, stakeholders and members In Edo State whose determination to replace Mr Godwin Obaseki in the forthcoming gubernatorial election is unwavering. Among those who signed the statement were a former Minister of State for Works, Engr Chris Ogiemwonyi, three former deputy governors, Dr Pius Odubu, Rev. Peter Obadan and Lucky Imasuen respectively. Others were Gen. Charles Airhiavbere Rtd, Pastor Osagie Ize-Iyamu, Hon. Saturday U. Idehe...
