PPPRA BATTLES OANDO PLC OVER FUEL SUBSIDY MESS
With the heat generated by the sudden removal of the subsidy on fuel yet to cool down, a fierce war has begun between the Jibril Adewale Tinubu led Oando and the Petroleum products Pricing Regulatory Agency (PPPRA) over the kingpin that influenced the ridiculous amount paid as subsidy in the petroleum industry. The crisis commenced few day back when Oando, one of the leading oil companies in the country and a major leader of the alleged Cabal fire a salvo against PPRA that it was responsible for the increase of the funds paid as subsidy. Oando alleged PPRA top officials were responsible for the government expenditure amounting to 1.3trillion.
However, insiders revealed that some top officials are set to take Oando to the cleaners by revealing its fraudulent acts in the scheme of things.
Inside source claimed Oando manipulated policy makers to its sole advantage. Through bribery and maintenance of chummy relationships with top officials in the agency, they have become notorious in manipulating policies in their favor. An officer in the reconciliation team was offered a bribe by an Oando official. The staff was banned when exposed. Also, in 2011 they have been writing several petitions against other marketers secretly so as to monopolize the industry. They also resorted to threatening top officials who consequently gave them ridiculous allocation in the quarter 3 of 2011. Thus the subsidy payments they got in 2011 alone was N110billion which is about their allocations for 5months. Consequently, they rank top as the highest beneficiary of the fuel subsidy amounting to N228billion. We scooped that the agency is set to reveal more of its shady business in kerosene and other sectors. After all, he that comes with equity must come with clean hands. It was an open secret within the petroleum industry that the oil company succeeded in achieving this by maintaining a chummy relationship with the pioneer General Manager Operations in the PPRA. It was also found out that the company tried unsuccessfully to install him as the executive secretary of the Agency just in order to perpetuate its selfish interest. It also used the model of 30days moving average with an inclusion of standard deviation to defraud the Nation. The implication of 30 days model in a highly volatile market is that there is heavy disparity between the 30 days moving average on the pricing template and the actual price quotation on daily basis. Through this policy, the company defrauded the nation of billions of Naira on each cargo transaction.
However, insiders revealed that some top officials are set to take Oando to the cleaners by revealing its fraudulent acts in the scheme of things.
Inside source claimed Oando manipulated policy makers to its sole advantage. Through bribery and maintenance of chummy relationships with top officials in the agency, they have become notorious in manipulating policies in their favor. An officer in the reconciliation team was offered a bribe by an Oando official. The staff was banned when exposed. Also, in 2011 they have been writing several petitions against other marketers secretly so as to monopolize the industry. They also resorted to threatening top officials who consequently gave them ridiculous allocation in the quarter 3 of 2011. Thus the subsidy payments they got in 2011 alone was N110billion which is about their allocations for 5months. Consequently, they rank top as the highest beneficiary of the fuel subsidy amounting to N228billion. We scooped that the agency is set to reveal more of its shady business in kerosene and other sectors. After all, he that comes with equity must come with clean hands. It was an open secret within the petroleum industry that the oil company succeeded in achieving this by maintaining a chummy relationship with the pioneer General Manager Operations in the PPRA. It was also found out that the company tried unsuccessfully to install him as the executive secretary of the Agency just in order to perpetuate its selfish interest. It also used the model of 30days moving average with an inclusion of standard deviation to defraud the Nation. The implication of 30 days model in a highly volatile market is that there is heavy disparity between the 30 days moving average on the pricing template and the actual price quotation on daily basis. Through this policy, the company defrauded the nation of billions of Naira on each cargo transaction.
OBA SAHEED ELEGUSHI ENDS 2YRS RIFT WITH ELDER BROTHER, AREMO AS AREMO RETURNS TO THE PALACE
OLOOTO’S CONNECTIONS
Sunday the 15th of January 2012 was a day full of surprises for the people of Ikate-Lekki when they heard of the arrival of the first son of late Oba Yekini Adeniyi Elegushi, Adedeji Elegushi popularly called Aremo into the town (palace) after a long while. A family mini-dinner party was organized by the family to welcome back their elder brother and son. The Aremo left the palace to an undisclosed destination since March 2010 when the chiefs, elders of Elegushi and Lagos State Government declared Saheed Ademola as the next oba of Elegushi land (Kushenla III). Aremo was not pleased with the decision because he believes that as the first son of the late Oba Yekini and with his sobriquet as ’Aremo’ (which means the heir apparent) he was more than qualified to be the late king’s favorite. His vast knowledge about the customs, norms and traditions of Ikate-Lekki Land than any of his younger ones was a major criteria people felt that made him the most eligible candidate. Unlike Oba Saheed who many see as a politician who hobnobs with those within the corridors of power whose influence with that of the state government imposed him on the chiefs and elders of Elegushi. A development that generated controversies within the family hence Aremo and his family had to relocate when Saheed was to be installed as the new king. But inside source close to the family alleged that Aremo and his mother who is the first wife of Late Oba Yekini were chased out of the town under spiritual influence traditionally referred to as ”Oro”. It was also learnt that after they left Elegushi, things became very difficult for them. Close to 2 years they went through difficult times in order to sustain themselves until the elders of the family waded into the crisis and presented the case before the Oba Olotto and elders of Olotto who then called on the youngest King in Lagos State, Oba Saheed Ademola and other concerned people in the Elegushi family to come to Otto where the issue was settled after which the Aremo was asked to return to his father’s land. Before the kingship tussle Aremo who’s educational background is to a secondary school level while, Saheed Ademola had his BSC and masters in economics at the Lagos State University, Lagos and until his nomination, Oba Elegushi was the Senior Special Assistant on Special Duties to Governor Babatunde Fashola (SAN).
He also served as Special Assistant to former Governor Asiwaju Bola Tinubu.
TASTEE FRIED CHICKEN LEKKI-EPE OUTLET NOW AN HAVEN FOR BABES
NOW A CATCHING SPOT FOR GUYS
On the 19th of January, 2012 the first Tastee Fried Chicken outlet on Lekki-Epe Express Way, Lagos opened at the first cashless Oando filling Station, 4th roundabout, Lekki, Lagos to reduce the stress of people in that environ going to Victoria Island to enjoy a sumptuous treat. At the commissioning of the outlet it’s was party galore as notable people from the company to the society were present. Among them was the Chairman of the company, Mrs. Adedayo, Chairlady, Mr Adedayo, Executives Directors Mr. Bunmi Adedayo, Mrs Oluwayemisi Adedayo, Baiyewu Lanrewaju, Ven S. Igein Isemede, Tayo Ogungbemile, Mr Osita Ebuche. Chief and Chief (Mrs) Bashir Fakorede, Olisa of Ikate and other notable people present at the event. While Pamela’s Voices thrilled people with inspirational music.
Meanwhile, after the opening of the outlets, the fast food has been experiencing encouraging sales as lot of big girls and guys have been turning the spot to where they can get good, quality and affordable food for breakfast, Lunch and dinner. It was also discovered that most of the ladies from Lekki to Ajah Axis prefer to go there to meet their guys on appointment while some ladies too go there to eat alone. And guys on this axis too having discovered the rate at which ladies troops in there for lunch and dinner they now go there to get food too while using the place as a catching spot for beautiful and sexy ladies.
REHAB NITE CLUB SHUT DOWN BY LANDLORD OVER RENT
Popular night club on the Island Rehab located in Ajose Adeogun, Victoria Island, Lagos is currently under lock and key by its landlord. For close to two weeks now the club has been shut from operating. Information available to us shows that the club owner, Lolu Shodehinde owes 3 months’ rent which explains the closure of the club premises by the landlord. People close to Lolu alleged that he’s lost interest in the business due to the fact that he’s not been making profit as expected in the night club business.
SOCIETY WOMAN, CHICAGO PLANS BIG FOR BIRTHDAY PARTY
By the time you are reading this one of the popular society women in Lagos, Monsurat Olayinka popularly called Chicago whose fame among the Lagos state textile merchants is commendable celebrated her 48 birthday party recently at Eko club Surulere. Renowned fuji musician KI was on the band stand to thrill the guests with his interesting music. The beautiful and light complexioned woman ensured that logistics was in place that guests were impressed. According to her the party is just a way of showing my appreciations to God for giving me the grace of adding another year in sound health.
SOCIALITE BIG BOY, MOONSHINE JETS OUT
Popular Island socialite, Muda Odetunde popularly called Moonshine who’s also the Chief Executives Officer (CEO) of Moonshine Hotel with branches all over the Island and mainland, jets out of the country on the 21st of January 2012. A bird squealed to us that the dark complexioned hotelier who is also into properties travelled to the United State of America (USA) to bring into the country some modern Hotel equipment to install into his new hotel which is still under construction in Iyana-Ipaja area, Lagos to making it the eleventh hotel of his. The source added that the reason for this development was to make the hotel the best of all and an enviable one.
YORUBA ACTRESS, BISI IBIDAPO OBE CELEBRATES BIRTHDAY AT ELDORADO CLUB
Last week Friday, 27th of January beautiful and very tall actress, Bisi Ibidapo Obe celebrated her birthday at the popular Island club, Eldorado in Ikoyi Lagos. Though the friendly actress planned a low key birthday party for herself due to the big birthday party she held for her mother which attracted top socialites, her colleagues and top celebrities. Her intended get together party turned out to be a big one as people from all walks of life ranging from her colleagues, socialites that rule Lagos party and celebrities stormed the venue to appreciate God on behalf of the Ilesha Osun state born movie thespian. The mother of Juju singers in the country, Queen Ayo Balogun (QAB) was on the band stand to thrill the guests.
BETWEEN BASIRAT OGUNBANJO AND MOROHUNKEJI ATOYEGBE
Keeping a list of close friends among top leading textile merchants on the Island without mentioning these two inseparable friends, in the likes of Mrs Abimbola Basirat Ogunbanjo and Mrs Morunkeji Atolagbe, the list is incomplete. An evidence of their closeness is the fact that they do things together and also have their shops beside each other while Mrs. Ogunbanjo’s shop tagged Bimsal is shop 47 on Block 7, Mrs. Atolagbe’s Glory store is shop 45/46 also on Block 7 at the Lagos plaza. On the Island today they rate them as the best when it comes to qualitative fabrics and textiles in large quantities. This recommendation has made them the most preferred in terms of patronage.
WHERE TO SHOP FOR THE BEST AROMATHERAPY AND HOME ACCESSORIES
Today on the Island particularly between Lekki and Ajah axis, Scents and Sanctity has become the choice of many people in need of aromatherapy and home accessories. This shop located in Suite H336,Ikota Shopping Complex, VGC Lekki-Epe Express Way, Lagos is equipped with good quality interior accessories and furniture . They also deal in home service delivery in any party of Lagos state and you can contact them on 01-8985084 and scetsandsanctity@hotmail.com. Here is where most of the VGC Big Boys and Girls shop for interior decor
ETI-OSA EAST LOCAL GOVT SWEARS IN HONOURABLES
On the 23rd of January, Eti-Osa East local government held the swearing in ceremony of its honorable into their offices. Eight honourables were sworn into their various offices. At the swearing in of Mr Joshua Opeyemi Abodunrin, Mr Kabiru Olaide, Mr Samod Ogunbo, Mr Bariyu Akinlolu, Mr John Ogundare Campos, Mr Jamiu Sulaimon, Mr Idris Sanni, Patience Adepoju, Mr Nurudeen Odedina and Hon Gbenga Odunnuga guests present were the local government council staffs, supporters, market leaders and Action Congress Nigeria (ACN) party elders. In his speech the local Government chairman, Alh Yisa restated the reasons why the electorates voted in the honourables to represent their various communities. He added that the returning honourables had served the communities very well hence their 2nd term and that the people needs them to continue the good work they have been enjoying as service to humanity. While he urged the new ones to learn from the returning honorable who came back to office for 2nd term due to their performance and plead with all to be good ambassadors of Eti-Osa East local government and Lagos State in general because they are also the glory of Action Congress of Nigeria (ACN).
AFTER 18YRS FUJI LORD, K1 SET TO STORM ELEGUSHI BEACH
Unknown to many people that Fuji King, Wasiu Ayinde Marshal popularly called k1 over 18 years as not perform in Nigeria Beach. But all plans has been conclude between the club owner and island big boy, Bolaji Eso and K1 management to bring the Music hero to his bar, Eldorado at Elegushi Beach, Lagos. The stylish dude has promised a lot of side attractions in the show has a lot of company is coming for partnership in the mother of all show on the Island while the tickets are available in Eldorado Cub, Ademola Street off Awolowo Road, Ikoyi Lagos with at 20 thousand Naira per person
LEKKI ALTERNATIVE ROAD: 1 KILLED AND 1 INJURED
On the 28th of January, 2012 a motor boy lost his life while the driver was injured at entrance of Oniru private estate, Lagos used as an alternative road on the Lekki –Epe Express way pass by. When Islanders visited the accidents spot in sand field, Lekki we found a dead body of a man in a trailer. An eyewitness working with the Lekki Construction Company (LCC) who did not reveal his name told us that the accident happened 15 minute to 9pm when the driver of the container and his motor boy did not take proper care to see that there was a demarcation on the entrance of the Oniru Estate until they approached it. He added that the motor boy died immediately while the driver who had a spinal cord injury had been rushed to the general hospital by their company ambulance. As at 10 minute to 10 we visited the spot, the motor boy was still inside the trailer as the LCC and LASTMA were still waiting for a caterpillar to come and remove the pillar that fell on the trailer
KAS AND PASUMA IN NEW COLLABO
Fimile crooner Kas Shobayo simply called KAS is at it again with another up tempo beat and club banger titled "e je ka jo". The new single features fuji icon Pasuma and in just a few days of its release the song is already enjoying airplay at clubs and parties because it’s a highly danceable tune. Kas who recently dropped his second album titled KAS featured nollywood's sexy and daring actress Tonto Dikeh in a song titled "Iyawo Wind". He also confirmed that he would be signing the actress under his Kasbeats records after discovering her amazing singing prowress. Kas is also set to take his international album launch to Dublin in Ireland on friday 3rd of february 2012.
SENEGALESE SUPERSTAR YOUSSOU NDOUR ENTERS FOR PRESIDENTIAL ELECTION
Senegalese superstar and award winning musician Youssou N'Dour officially announced earlier this week that he is running for President of Senegal. In a broadcast on his privately-owned TFM television network, he laid to rest months of speculation since he announced the suspension of his music career and the formation of his own political movement in November.
"I have listened... and I am responding favourably," N'Dour said, in response to his supporters' calls for him to run against eighty five year old President Abdoulaye Wade.
The run-up to the poll taking place on 26 February has been dominated by the constitutional row over whether Wade has the right to stand for a third term. The revised Senegalese constitution limits presidential terms to two, but Wade argues that the amendment occurred after he had begun his first stint in office.
"It is a supreme patriotic duty," N'Dour said of his Presidential bid."I haven't pursued higher education, but the presidency is a function and not a job."
GHANIAN SINGER BECCA HOSTED AT ORIENTAL HOTEL
Rebecca Acheampong famously called Becca is no doubt one of Ghana's hot female singing sensations. She was last week hosted at the weekly industry night that holds at the African wine bar of the Prestigious Oriental hotels and suites with Mc Larry D as compere and Dj spinall on the wheels of steel. Several showbiz stars and fans came out in lager number to show love to the Ghanian songstress. In the last One year, the industry night has hosted several top acts like 9ice, Tuface, Playbouy, MI, YQ, and many others.The beautiful, simple and young looking 24 year old lady, an old student of Wesley Girls High School in Cape Coast and Croydon College in London where she attained her certificate in Child Care and Education. "You Lied to Me" and "Sugar" are some of her biggest hits.
BASKETMOUTH TURNS RAPPER, DROPS NEW SINGLE FEATURING ELDEE AND WIZKID this might come as a rude shock to a lot music industry enthusiasts and fans alike, as no one saw it coming that ace comedian Bright Okpocha popularly known as Basketmouth will be venturing into music to bring out the rapping skills in him.
Basketmouth has been posting messages about his rap career on his facebook wall since few days ago. The new single is titled "Where You Dey" featuring wave making hip hop sensation Wizkid and Veteran rapper Eldee tha Don. Unknown to many of his fans however, Basketmouth first started his career as a rapper back then by collaborating with his elder brother-Godwin and a few other friends to form a Rap Group they named-The Psychopaths made up of 8 members, they experimented in the studios bringing all the 8 elements together, but never released an Album or any of the singles,before stumbling on comedy, and now he is finding his way back to his first love. Now basketmouth will join his colleagues like julius agwu,omo baba, Jedi, Koffi who are singers too. Islandtainment can also reveal to you that a complete album is in the offing with a tentative release date of sometimes in April of 2012, and will be featuring collaborations with Africa’s pride Tuface, the one & only Egberi Papa 1-Timaya, Dare Art Alade, Davido, Terry D Rapman, Flavor, Nigeria’s number one lyricist-Mode 9, OD & many others.
TEE A' RELOCATES TYMEOUT LOUNGE 
Award winning Comedian and compere Tunde Adewale popularly called Tee A is making plans to relocate his hospitality business Tymeout Lounge, from the premises of Ivory Health Club, in Ikeja, Lagos to a yet to be disclosed location. It would be recalled that the entertainment entrepreneur, set up the lounge in 2010, and was recently quoted as saying ‘the business is bigger, the vision is even much bigger, hence the expansion, we need to move to a bigger property. But we’ll still be within the same vicinity‘.
Tymeout Lounge is a non-smoking bar and restaurant catering to high-end customers all week. The comedian, who’s a catering enthusiast and self-taught chef, said the business will wear a new look, with possible additions including an events hall and other hospitality conveniences.
Fimile crooner Kas Shobayo simply called KAS is at it again with another up tempo beat and club banger titled "e je ka jo". The new single features fuji icon Pasuma and in just a few days of its release the song is already enjoying airplay at clubs and parties because it’s a highly danceable tune. Kas who recently dropped his second album titled KAS featured nollywood's sexy and daring actress Tonto Dikeh in a song titled "Iyawo Wind". He also confirmed that he would be signing the actress under his Kasbeats records after discovering her amazing singing prowress. Kas is also set to take his international album launch to Dublin in Ireland on friday 3rd of february 2012.
SENEGALESE SUPERSTAR YOUSSOU NDOUR ENTERS FOR PRESIDENTIAL ELECTION
Senegalese superstar and award winning musician Youssou N'Dour officially announced earlier this week that he is running for President of Senegal. In a broadcast on his privately-owned TFM television network, he laid to rest months of speculation since he announced the suspension of his music career and the formation of his own political movement in November.
"I have listened... and I am responding favourably," N'Dour said, in response to his supporters' calls for him to run against eighty five year old President Abdoulaye Wade.
The run-up to the poll taking place on 26 February has been dominated by the constitutional row over whether Wade has the right to stand for a third term. The revised Senegalese constitution limits presidential terms to two, but Wade argues that the amendment occurred after he had begun his first stint in office.
"It is a supreme patriotic duty," N'Dour said of his Presidential bid."I haven't pursued higher education, but the presidency is a function and not a job."
GHANIAN SINGER BECCA HOSTED AT ORIENTAL HOTEL
Rebecca Acheampong famously called Becca is no doubt one of Ghana's hot female singing sensations. She was last week hosted at the weekly industry night that holds at the African wine bar of the Prestigious Oriental hotels and suites with Mc Larry D as compere and Dj spinall on the wheels of steel. Several showbiz stars and fans came out in lager number to show love to the Ghanian songstress. In the last One year, the industry night has hosted several top acts like 9ice, Tuface, Playbouy, MI, YQ, and many others.The beautiful, simple and young looking 24 year old lady, an old student of Wesley Girls High School in Cape Coast and Croydon College in London where she attained her certificate in Child Care and Education. "You Lied to Me" and "Sugar" are some of her biggest hits.
BASKETMOUTH TURNS RAPPER, DROPS NEW SINGLE FEATURING ELDEE AND WIZKID this might come as a rude shock to a lot music industry enthusiasts and fans alike, as no one saw it coming that ace comedian Bright Okpocha popularly known as Basketmouth will be venturing into music to bring out the rapping skills in him.
Basketmouth has been posting messages about his rap career on his facebook wall since few days ago. The new single is titled "Where You Dey" featuring wave making hip hop sensation Wizkid and Veteran rapper Eldee tha Don. Unknown to many of his fans however, Basketmouth first started his career as a rapper back then by collaborating with his elder brother-Godwin and a few other friends to form a Rap Group they named-The Psychopaths made up of 8 members, they experimented in the studios bringing all the 8 elements together, but never released an Album or any of the singles,before stumbling on comedy, and now he is finding his way back to his first love. Now basketmouth will join his colleagues like julius agwu,omo baba, Jedi, Koffi who are singers too. Islandtainment can also reveal to you that a complete album is in the offing with a tentative release date of sometimes in April of 2012, and will be featuring collaborations with Africa’s pride Tuface, the one & only Egberi Papa 1-Timaya, Dare Art Alade, Davido, Terry D Rapman, Flavor, Nigeria’s number one lyricist-Mode 9, OD & many others.
TEE A' RELOCATES TYMEOUT LOUNGE 
Award winning Comedian and compere Tunde Adewale popularly called Tee A is making plans to relocate his hospitality business Tymeout Lounge, from the premises of Ivory Health Club, in Ikeja, Lagos to a yet to be disclosed location. It would be recalled that the entertainment entrepreneur, set up the lounge in 2010, and was recently quoted as saying ‘the business is bigger, the vision is even much bigger, hence the expansion, we need to move to a bigger property. But we’ll still be within the same vicinity‘.
Tymeout Lounge is a non-smoking bar and restaurant catering to high-end customers all week. The comedian, who’s a catering enthusiast and self-taught chef, said the business will wear a new look, with possible additions including an events hall and other hospitality conveniences.
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