Transcorp acquires Afam Power Plc

Leading diversified conglomerate and power generation provider, Transcorp has emerged victorious in acquiring the 1,000 megawatts (mw) Afam electricity plant for a 105 billion naira. This is coming on the heels of the National Council of Privatization approving the privatization of the Afam Power Plant which kicked off bidding between 12 prospective investors years ago. The Transcorp power consortium... Continue Reading →

How Hackers Stole N752M From Flour Mills UBA Bank Accounts

An auditor with United Bank for Africa (UBA) Plc, Ojo Oladimeji, has told a Federal High Court, Lagos, how suspected fraudsters hacked into the bank’s server and fraudulently withdrew N752 million from the accounts of the Flour Mills of Nigeria Plc, domiciled with his bank. According to news reports from The Capital, Oladimaji made sterling... Continue Reading →

Tiwa Savage Hangs Out With Billionaire & UBA CEO, Tony Elumelu In His Office (Video)

Tiwa who is having her 49-99 show today at Obalende first stopped at Mr. Ekumelu's office in the afternoon before heading for her show... See a video of them also dancing below and of course what Tiwa said about the money man!  

Tony Elumelu’s Daugter, Oge Elumelu Flaunts Her Billionaire Dad In New Photo

The chairman of Heirs Holding, Billionaire Tony Elumelu just shared photos of his gorgeous daughter, Oge and said, even though she is on summer holiday, she loves been at work with him. He shared the photos saying, that was a Sunday at work and Nigerians, especially men, have not been able to take their eyes... Continue Reading →

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