money

Nas Hits The Crypto Jackpot Thanks To Coinbase Investment, Celebrates Financial Win On Twitter

HipHopWired Featured Video Source: Bernard Smalls / @PhotosByBeanz83 The only rapper who can honestly say they “ethered” JAY-Z in a battle is now celebrating a huge financial victory. Quietly Nas has been building quite the investment portfolio through his venture capital firm QueensBridge Venture Partners. One of those investments recently has proven to be a very lucrative one for the “One Mic” crafter. On Wednesday (Apr.14), Coinbase Series B went public on the NASDAQ stock exchange with a share price of $381. Nas’ QueensBridge Venture Partners reportedly dropped a large investment in the Coinbase Series B to the sum of $100,000 and $500,000. It is now the largest cryptocurrency exchange in the United States. CoinDesk broke down purchase and reports that at the time, the share price was ...

RCCG apologises to minister over Osun road project

File Photo Minister of Works and Housing, Babatunde Raji Fashola (SAN), on Thursday, dismissed alleged payment of N151million to a firm for a road rehabilitated by the Redeemed Christian Church of God (RCCG) in Osun State. Fashola in his submission before the Senate Committee on Ethics, Privileges and Public Petitions, probing the allegation, said the claim by the church was untrue. He said the 15-kilometer road was awarded to Messrs Cartil Construction Nigeria Limited at the cost of N662.7million by the Federal Government in 2011. He said the Ministry paid N99million as 15% mobilisation fee and N52million to the contractor after the firm achieved 26.2 per cent of work done on the road in March and December 2011, respectively. He insisted that the award of the contract and the subsequent p...

Rivers governor: I haven’t touched one kobo of council funds

Rivers Governor Nyesom Wike has boasted his administration has not touched one kobo belonging to the local government areas. Wike insisted since the council chairmen had their allocations and other revenue in full, they had no reason not to perform. The Governor said his administration had vigorously addressed security challenges in the state to enable all council chairmen deliver dividends of democracy to people at the grassroots. He spoke at the Peoples Democratic Party (PDP) Local Government election grand finale rally in Obio/Akpor Local Government Area at Oginigba Primary School Field on Tuesday. He said: “The state government has provided the enabling environment for every local chairman in the State to perform. Since the inception of this administration, the State government has not...

How love affair gone bad led to imprisonment of Prophet Israel Oladele

When the Lagos State Court of Appeal granted the Senior Shepherd-in-Charge of the Celestial Church of Christ, Genesis Global, Prophet Israel Oladele Ogundipe, a post-conviction bail last week, on grounds of failing health, quite a number of people, particularly members of his congregation, were very happy with the news. This is because the televangelist’s previous bail applications were all turned down. Oladele was arraigned on seven counts bordering on obtaining by stealing, inducing delivery of money by false pretences, unlawful conversion of property and forgery, fraudulently collected N14m and £12,000 in various tranches from the complainant between August 30, 2002 and 2005. He was found guilty on two counts of stealing and unlawful conversion of property not delivered. And on November...

Court urged to restrain Nigerian government on £4.2 million James Ibori loot

The Federal Government has been sued over its planned use of the £4.2million linked to former Delta State Governor James Ibori. The President, League of Ndokwa Professionals (LNP), Chief Tony Amechi and Legal Adviser, Evans Ufeli, on behalf of the people of Delta State, are challenging the Federal Government’s plan to deploy the funds to projects outside Delta. The Attorney-General of the Federation (AGF), the Federal Executive Council (FEC) and the Minister for Finance are the defendants. In their originating motion, the plaintiffs seek a declaration that the first and second defendants’ decision to deploy the yet to be repatriated sum of £4.2million belonging to Delta State government (when repatriated) for Federal Government’s projects is unconstitutional and repugnant to natural justic...