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Getting funds out of FTX could take years or even decades: Lawyers
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.” The crypto exchange, along with 130 affiliates filed for Chapter 11 bankruptcy protection in the United States on Nov. 11. Insolvency lawyer Stephen Earel, partner at Co Cordis in Australia said it will be an “enormous exercise” in the liquidation process to “realize” the crypto assets then work out how to distribute the funds, with the process potentially taking years, if not “decades.” This is due to the complexities that come with cross-border insolvency issues and competing jurisdictions, he said. Earel said unfortunately FTX users are in the queue with everyone else including other creditors, investors and venture ...
Burning Man Announces 2022 Theme: Waking Dreams
The Burning Man Project is keeping the dream alive. Earlier this month, Marian Goodell, CEO of the Burning Man Project, disclosed that after a second felled edition of the iconic Black Rock City gathering, the organization does not have the financial means to survive past the end of the year. In an initiative to keep Burning Man in business, organizers held an art auction like none other to raise money for their nonprofit. Dubbed “Boundless Space: The Possibilities of Burning Man,” the online charitable sale ran from September 30th to October 8th, reportedly raising hundreds of thousands of dollars by selling a unique collection of sculptures, paintings, collectibles, “mutant vehicles,” NFTs, and one-of-a-kind experiences. Following the suc...
PDP to commence e-registration for new members
The Peoples Democratic Party has announced its readiness to commence nationwide online registration for members. The Party made this known on Monday in a statement titled ‘Obaseki urges Nigerians to embrace PDP e-registration exercise’, signed by the Publicity Sub-committee Chairman of the PDP National E-Registration Committee, Kola Ologbondiyan. According to the statement, the Edo State Governor, Godwin Obaseki, has urged Nigerians to participate in the exercise. The statement read, “Edo State Governor, Godwin Obaseki, has urged Nigerians to turn out enmasse and register with the Peoples Democratic Party during its nationwide online electronic registration of members which will commence in a fortnight. “Obaseki, who stated this while addressing members of the PDP e-registration committee ...
Napoli, Roma want Chelsea to lower Emerson Palmieri asking price
Napoli and Roma are interested in Emerson Palmieri, but Chelsea will need to lower their around £17m valuation of the Italy left-back. Palmieri, who is set to start for Italy in the Euro 2020 Final against England on Sunday, has been told he can leave Stamford Bridge this summer. The 26-year-old is through to be keen on a return to Italy and new Napoli coach Luciano Spalletti has confirmed he has spoken to Emerson about a potential reunion, having worked with him at Roma. It has also been suggested Palmieri could return to Roma to replace Leonardo Spinazzola, who has been ruled out for up to eight months after rupturing his Achilles. Recommended Stories You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you ...
Yahaya Bello: Nigeria deserves the best captain no matter where he comes from
The Governor of Kogi State, Alhaji Yahaya Bello, has said that rather engage on the unconstitutional issue of rotational presidency, what Nigerians should focus on is look for that Nigerian, no matter where he comes, who can be the captain to pilot the country to the promised land. The governor who stated this at the First Annual Governor Yahaya Bello (GYB) Seminar for Nigeria’s Political and Crime Correspondents/Editors at the Transcorp Hilton, Abuja, said that even after 16 years of Peoples Democratic Party (PDP) and another six years of All Progressives Congress (APC), in the country, the problems of the nation has not been solved by the rotational presidency that has taken place over the years. Bello insisted that the political party must not limit the choice of Nigerians to any region...
Haiti asks US, UN to send troops after president’s assassination
Haiti has asked Washington and the UN for troops to secure its ports, airport and other strategic sites after the assassination of President Jovenel Moise opened a power vacuum in the crisis-hit Caribbean nation, an official said Friday. The United States has already said it will send FBI and other agents to Port-au-Prince, two days after Moise was shot dead in his home. In the wake of the slaying “we thought that mercenaries could destroy some infrastructure to create chaos … During a conversation with the US secretary of state and the UN we made this request,” elections minister Mathias Pierre told AFP. The US State Department and Pentagon both confirmed receiving a request for “security and investigative assistance” and said officials remain in contact with Port-au-Prince, but did not s...
NSITF raises N180 billion from employers’ enrollment in 10 years
The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Dr. Michael Akabogu, has revealed that the agency has raised N180 billion from employers’ enrollment from July 2011-May 30, 2021. He also said that plans were afoot to plug revenue leakages, even as he warned the public to be wary of fraudsters masquerading as agents of NSITF. At an interactive session with Finance Journalists in Abuja on Thursday, Akabogu also stated that the scheme has registered almost 200,000 employers. Out of this number, 170,000 employers are actively involved in the scheme by making their contributions steadfastly. He added: “We have collected both from the private sector who have contributed about 80% of the total revenue and we have collected from the government and all other agencies, so we...
Former Everton boss calls Richarlison to discuss possible Real Madrid move
New Real Madrid manager Carlo Ancelotti has been in contact with Richarlison, a player he is eager to reunite with in Spain this summer. Ancelotti was hired by Real Madrid in June as he opted to leave Everton to return to his former club on a contract that runs through 2024. The Italian boss is now interested in bringing one of Everton’s stars to Madrid with him, as he has held conversations with Richarlison over that possibility. Goal can confirm that a call between Ancelotti and Richarlison happened recently, with the forward currently on duty with Brazil for Copa America. Ancelotti is eager to bring him to the Bernabeu, but any potential talks are in the early stages. Still, the conversation between the two could evolve into an offer for Everton to consider in the coming weeks. The Braz...
Coronavirus: England to lift mask, distancing rules July 19
Prime Minister Boris Johnson on Monday revealed plans to lift most of England’s legal coronavirus restrictions, including face masks and social distancing from July 19, urging personal responsibility rather than government edict. Johnson had initially aimed for a full reopening on June 21, but was forced to push back the date because of a surge in the highly contagious Delta variant. That variant now accounts for nearly all new Covid-19 cases in Britain, and infection rates have soared, sparking concern. But mass vaccinations have stopped a resultant surge in hospital admissions or deaths. “This pandemic is far from over, it certainly won’t be over by the 19th,” warned Johnson. “We must reconcile ourselves, sadly, to more deaths from Covid. “There’s only one reason why we can contemplate g...
CSOs: No to manual transmission of election results
No fewer than 42 civil society organisations have rejected the Electoral Amendment Bill (2021) being proposed by the National Assembly. The CSOs in a statement on Sunday said the manual transmission of election results would be used to manipulate the outcome of polls. Some of the CSOs are Center for Liberty, The Electoral Hub, Yiaga Africa, Raising New Voices, Ready To Lead Africa and Speak Out Africa Initiative, Centre for Development Alternatives Research and Studies, Aspilos Foundation, Women Advocates Research and Documentation Centre and South-South Professional Women Association. “As everyone may be aware, the National Assembly will pass the Electoral Amendment Bill (2021) this week. Barring any last-minute changes, the bill is expected to be passed by both chambers on Thursday. “Som...
Provost advocates national confab on education
Provost of the Federal College of Education (Technical), Isu, Ebonyi state, Prof Ruben Okey Okechukwu, has advocated an education conference in the country to discuss the way out of the many challenges confronting Nigeria’s education system. According to the professor, the report of the conference will help in addressing the many challenges that have bedeviled the nation’s education system. He noted that a similar conference convoked immediately after the civil war in 1970 had developed education immensely which led to the introduction of the universal primary education. On the ravaging insecurity plaguing some parts of the North, leading to kidnapping of students in exchange for ransom, he urged government to urgently arrest the ugly trend. Okechukwu, who spoke in Abuja after he was confe...
Luke Shaw hits back at Jose Mourinho in Rome as England roll on
At Jose Mourinho’s new home, the Stadio Olimpico, Luke Shaw, chose the perfect setting for his latest riposte to his former boss with two assists in England’s 4-0 thrashing of Ukraine to reach the Euro 2020 semi-finals. Shaw suffered at the hands of Mourinho for three seasons at Manchester United, a string of public criticism not a patch on what was said behind closed doors, the 25-year-old admitted this week. Mourinho’s arrival at Old Trafford came hot on the heels of a horrible double leg fracture Shaw suffered in September 2015. The former Southampton defender revealed in 2018 there had even been fears his right leg would have to be amputated because of blood clots that required emergency surgery. His career never got back on track during Mourinho’s tempestuous time at United, where he ...
