Lifestyle
Controversial Demolitions, Banking Scandals, and Major Gas Deals: Latest News Highlights
Recent headlines have highlighted significant developments across various sectors, from real estate controversies in Nigeria to major banking scandals in Canada and landmark energy agreements.
Demolition Controversy in Lagos
In Nigeria, Stella Okengwu, a real estate investor, has voiced her outrage over the demolition of WinHomes Global Estate, a $250 million property allegedly ordered by Minister of Works David Umahi. The estate, situated in Okun Ajah, was razed on October 5, 2024, without prior notice or legal justification, sparking claims of targeted actions against diaspora property owners. Okengwu, representing a substantial number of diaspora investors, has called for an urgent investigation into alleged corruption within the Federal Ministry of Works, emphasizing the impact on investors who contribute significantly to the Nigerian economy. She has urged President Bola Ahmed Tinubu to intervene, especially as he encourages diaspora investments.
TD Bank’s Money Laundering Scandal
In North America, TD Bank has made headlines by pleading guilty to aiding money laundering activities, agreeing to pay a staggering $3 billion fine. U.S. prosecutors revealed that the bank failed to implement adequate anti-money laundering controls for nearly a decade, allowing criminals to transfer hundreds of millions in illicit funds. TD Bank’s CEO, Bharat Masrani, has taken full responsibility and announced his retirement amidst the scandal. This case marks the first instance of a major U.S. lender admitting to conspiracy to commit money laundering, raising concerns about the need for stricter regulations in the banking sector.
Landmark Gas Supply Agreement in Nigeria
On a more positive note, the Nigerian National Petroleum Company (NNPC) has signed a groundbreaking gas sales agreement worth $3.3 billion with international energy giants Shell, TotalEnergies, and Agip. This agreement aims to supply gas to a methanol plant in Bayelsa State, representing a significant step in monetizing Nigeria’s vast gas reserves. The project is expected to generate over $1.5 billion annually from exports of petrochemicals and fertilizers, reducing the country’s reliance on crude oil. This deal highlights the potential for growth in Nigeria’s energy sector, especially amidst ongoing discussions about energy diversification.
UK Government Faces Challenges with DP World
Meanwhile, in the UK, the government is under pressure to resolve a dispute with DP World regarding the treatment of staff at P&O Ferries, which has threatened a £1 billion London port expansion. The controversy arose when P&O Ferries replaced nearly 800 British seafarers with cheaper workers, leading to backlash from Transport Secretary Louise Haigh. This situation complicates the UK’s International Investment Summit, aimed at attracting global investment and boosting the economy, particularly in light of recent political instability. The outcome of negotiations will be closely monitored by investors and industry experts as they assess the UK’s reputation as a reliable investment destination.
These stories collectively illustrate the dynamic and sometimes tumultuous nature of global markets, highlighting the interconnectedness of real estate, banking, energy, and trade sectors.
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On behalf of Diaspora Watch and Excel Magazine International, we proudly celebrate Lady Gladys Afam, a distinguished executive of Excel DMV and Excel Global Media Group USA, on her special day!
May this birthday mark the beginning of an extraordinary year filled with unbridled joy, untamed adventures, and unforgettable memories. May your life be a testament to the power of laughter, love, and wonder.
As a remarkable teacher, master of ceremony, and inspiration to many, we salute your tireless dedication, passion, and impact. Your selflessness and commitment to empowering others have made a lasting difference in the lives of those around you.
The marraige ceremony between Olanrewaju and Mary happened between February 7 and 8, 2025 at Kwankwashe in Suleja axis of Niger State. The event which witnessed the presence of many dignitaries also saw in presence different cultural groups that came to join in the celebrations of love.
The traditional wedding event kicked off the celebrations on February 7th, with both families present. The event had songs, dancing and showcase of love. The couples dorned their Edo and Yoruba at-tires. While the bride Mary Omonokhua is from Edo State, Olanrewaju Oyedeji hails from Osun state. There were sharing of tradtional food, drinks and merriment across quarters.
The reception on February 8, had present former Minister of Communications, Barrister Ade-bayo Shittu, Africa Editor at the Centre for Collaborative Investigative Journalism, Ajibola Aamzat, Abuja Bureau Chief of The Cable Newspaper, Yekeen Akinwale, representative of the Voice of Nigeria Chief Executive Officer, Gidado Shuaib among other personalities .
There were personalities from the SCC Construction company, multimedia organizations among others. The wedding ceremony also saw presence of journalists from British Broadcasting Corporation, AFP, Premium Times, Dataphyte, Code for Africa, Punch Newspaper, Intercontinental News247 among other notable media platforms.
The Northern Operations Bureau Chief of the Excel Magazine International, Alabidun Abdul-Rahman, was also on ground at the occasion. Other personalities included the head of corporate Affairs at the Neuro-Psychiatric Hospital, Kwara State, Bolaji Aladie .The program also had presence of religious leaders, women groups, socio-cultural associations among others.
Speaking at the occasion, the groom, Olanrewaju Oyedeji, noted that his wife is a special gift from God. “She is my dream come true, love of my youth and my everyday crush. She gives me peace of mind and I am very happy today”.
Speaking also, the bride Mary Omonokhua eulogized her husband. “He is a caring man, hardworking and my heart desire, today is a special day for me”, she noted. At the event, the both families who were well represented expressed gladness at the success of the wedding event.
Different groups offered prayers for the couples, while gifts were also offered. Olanrewaju Oyedeji is an accountant while Mary Omonokhua is also an accountant. “This is a true celebration of love, you can feel it all round, the joy is in the atmosphere and everywhere is electric” an attendee at the wedding noted.
#MaryOla2025 showed that love can be from across tribes and still be beautiful to behold.
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Lady Gladys Afam:A Shining Star in the Diaspora Community
#MaryOla: A Unique Celebration of Love Beyond Borders
Diaspora Watch – Vol. 36
Diaspora Watch 20th Edition (October 14-20, 2024): Your Trusted Source for Global News and Insights
Revolutionary mRNA Lung Cancer Vaccine Trial Offers New Hope To Thousands
