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In line with fulfilling his mammoth pledge made to Caleb University, serial philanthropist and Chairman of Atlantic International Refinery and Petrochemical Ltd., Akintoye Akindele has gifted N5million each, automatic employment to the best three graduates, as well as scholarship to 22 new students.


In a statement issued to journalists by Olawale Adekoya, Information, Media and Publication Specialist of Caleb University, Akindele had made the promise at the 11th Convocation ceremony of the University in February, only to drop by barely two months after to make good his pledge.


According to the Information and Media spokesman: “Dr. Akindele presented a cheque of five million naira each, totaling fifteen million Naira to the Overall Best who is female, Best Male and Best Post Graduate Students.”

“He also offered automatic employment to the three best graduating students and handed out a cheque to cover the school fees of 22 newly matriculated students during the presentation,” Caleb Media person enthused.


He also said that the Saïd Business School of the University of Oxford-trained Petrochemical Expert announced the commencement of efforts to build an Information Technology Centre, as well as an Institute of African History and Archaeology at the Imota Main Campus of Caleb University.


Acknowledging the philanthropy were the Vice Chancellor, Caleb University, Prof. Nosa Owens Ibie, Mayokun Olumeru, the Registrar and family members of the recipients.


The VC who acknowledged the significance of Akindele’s generosity to Caleb University and his passion to ensure the fulfilment of all his promises, described his various endowments as “ground breaking and game changing.”


It will be recalled that the benefactor who also delivered the convocation lecture on the topic, ‘The Rhetoric and Reality of Youth as Game Changers, had charged every Nigerian youth to emulate the beneficiary best graduating students.


Akindele said: “… emulate Game Changers like Jezry Ejehi Iredia of the Computer Science department who emerged Caleb University’s overall best graduating student, and by extension, the best female student, with a CGPA of 4.92; Humphrey Ifezue also of the Computer Science department who emerged the overall best male graduating student with 4.84 CGPA, as well as Olufunso Irene Fasuyi, who emerged the best graduating Post Graduate Student.”


Akintoye Akindele is a scholar, philanthropist as well as the Chairman and CEO, Atlantic International Refinery and Petrochemical Ltd – an indigenous oil company engaged primarily in the refining and trading of crude and petroleum products in Nigeria.


Apparently, the Chemical Engineer-turned banker with over 25 years’ experience in private equity and advisory also has his hands on many pies. He is also Chairman, Platform Capital; Unicorn Group and Diatom Impact; Co-Chairman of Whitespace X and Founder of Synergy Capital Managers.


Widely known for his simplicity, humility and generosity, Akindele holds a doctorate degree in Financial Business Administration from the reputable International School of Management.

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NDLEA Recovers N8bn Tramadol In Lagos




The National Drug Law Enforcement Agency has busted a mansion in the Lekki area of Lagos State where Tramadol was stored.


NDLEA Spokesman, Femi Babafemi, in a statement on Monday, said the pills recovered from the mansion were no less than 13,451,466 and worth N8.8bn in street value.


He said the mansion belonged to a billionaire drug baron, *Ugochukwu* *Nsofor* *Chukwukadibia* , who was now in custody.

The statement read in part, “The arrest of Ugochukwu, who is the Chairman of Autonation Motors Ltd, is coming barely two months after NDLEA uncovered at least 258.7kg of crystal methamphetamine in a clandestine laboratory in the residence of another drug kingpin in the estate, Chris Emeka Nzewi, who was arrested alongside a chemist, Sunday Ukah, who cooked the illicit drug for him, on September 30.


Following credible intelligence, NDLEA operatives on Friday 30th September stormed the Plot A45 Road 2 home of the 52-year-old billionaire drug kingpin. A search of the expansive mansion led to the discovery of 443 cartons of Tramadol Hydrochloride 225mg, which contains 13, 451, 466 pills of the drug while some cartons were already burnt in a fire incident in the house same day

“Before his arrest, Ugochukwu who hails from Ihiala local government area of Anambra state has been on the Agency’s watchlist as one of those behind the Tramadol drug cartel in Nigeria.


“Preliminary investigation shows that he has about six mansions within the VGC, one of which he uses to warehouse the Tramadol consignment, while he lives in the one at Plot Z-130 Road 67 and another as his office.


“Five exotic vehicles have also been located in two of his mansions, out of which two SUVs including a bullet proof jeep have been successfully removed to the Agency’s facility.


“Reacting to the latest drug haul, Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (retd.) commended the officers and men involved in the operation for their diligence while also appreciating Nigerians for supporting the Agency in its arduous task of ridding the country of the menace of drug abuse and illicit drug trafficking.

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Dangote Cement Allegedly ForgedTax Receipt To Deceive Kogi Getovernment 



The Kogi State Government through its agency Internal Revenue Service (KGIRS) has accused Dangote Cement Plc Obajana of forging its tax receipt.


The acting Chairman of KGIRS, Salisu Enehe, disclosed this during the ongoing investigative hearing by the State House of Assembly ad hoc Committee on revenue at the Assembly Complex in Lokoja.


Enehe was responding to the claim by the committee that the company had paid over 14 billion tax to the Agency between 2016 till date.


According to the state revenue boss, most of the figures the company claimed to have paid are totally incorrect, urging the company to check its record.


He said despite the billions of naira that company is making from the state monthly, it has failed to pay taxes that are due the state and Lokoja Local Government Area.


Enehe said instead of doing the needful, the Dangote company approached the court to stale payment of taxes that are legally passed by the state assembly and assented to by the governor.


He noted that the lack of tax payment has slowed down the development of the state.


Also speaking, the Commissioner of Commerce and Industry, Gabriel Olofu, said Dangote company has refused to pay for business premises in the last two years.


Olusegun Ogunbanjo, the Head of Accounts of the Company told the committee that the company had paid N14billion tax from 2016 till date.

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