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Rishi Sunak has claimed victory in the Conservative Party leadership contest – but what do we know of the new Prime Minister’s wife?


Stepping into the role after fellow Tory hopeful Penny Mordaunt failed to reach the 100 vote threshold required to progress, 42-year-old Sunak has become the UK’s first asian prime minister- and the youngest in 200 years.



And with the role, comes the new ‘First Lady’ of 10 Downing Street, Rishi’s wife, Akshata Murthy.


Akshata, 42, a fashion designer, married Sunak in Bengaluru, India, in 2009 and will be taking up residence on the famous street with their two daughters Krishna and Anoushka.


So who is Akshata? No stranger to a headline herself, Murthy hit headlines earlier this year when it was revealed she had retained her non-domicile status and managed to avoid hefty tax bills on a personal business.


Reportedly worth £200million, her ‘non-dom’ tax status meant she wasn’t required to pay UK taxes on income earned elsewhere.


It meant Murthy was able to dodge tax on around £11.5m in annual dividends from her stake in her father’s company, paying £30,000 to retain the status.


Her father is Indian billionaire N.R. Narayana Murthy – founder of tech firm Infosys and reportedly worth $4.5 billion. Murthy’s daughter currently holds a 1 percent stake in the firm, with the holding believed to be worth nearly £700m.


The family are also involved in a joint venture with Amazon in India, estimated to be worth £900m.


Studying economics and French at Claremont McKenna College in California, Murthy went on to study Fashion Design and Merchandising in Los Angeles, before going on to gain an MBA from Stanford.


It was there that she met Sunak, who was studying in the US on a prestigious Fulbright scholarship. The coupe married four years later.


Founding her own company Akshata Designs, in 2007, the venture folded soon after. Later going on to found London-based Catamaran Ventures UK with Mr Sunak, the now-PM transferred his shares to her before he became an MP back in 2015.


A businesswoman with her fingers in multiple pies, Ms Murty also owns one UK-based venture capital company and is a director or direct shareholder in at least five other UK companies – one of which is Jamie Oliver’s pizza restaurants.


Moving into number 10 with their children whilst Rishi was Chancellor, the pair will now return to number 11 – in recent years, the preferred home of the Prime Minister due to it being a larger flat than number 10.


The family have multiple properties – a five-bedroom townhouse in London, a manor house in North Yorkshire, a property in Santa Monica, California, and another central London flat.


Invites to the family’s parties have also become sought-after events – it’s reported guests have regularly been treated to feasts of roast venison, canapés and champagne.


With the couple stepping onto the Sunday Times rich list for the first time in May 2022 with a combined fortune of £730m, Sunak has become the first ever politician to appear on the list since its inception in 1989.

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Breaking: PDP induces people to impersonate political parties, plans press conference.



Concerned citizens in Ogun state on Friday raised an alarm over the inducement of some buyable politicians by PDP governorship candidate, Hon. Ladi Adebutu.


The insider source revealed that Adebutu, who lost out in the governorship election of last Saturday, has slated a press conference where some people will impersonate the executives of the Ogun State Chapter of Inter-Party Advisory Council (IPAC) along with few politicians claiming to be Chairmen of registered political parties, with a promise of N2 million naira each.

The press conference slated for Park Inn Abeokuta, owned by Ladi Adebutu’s father will hold any moment from now.


According to the insider source, “Ladi and his party know they cannot win at the Tribunal because they are quoting a wrong section of the Electoral Act 2022, while ignoring the relevant and applicable section of the law. That is why they are bent on inciting and inducing the public instead of going to the Tribunal”

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Wema Bank Organises Financial Literacy Programme for Students to mark 2023 Global Financial Literacy Day



Wema Bank Plc, Nigeria’s leading Innovative Financial Institution is championing financial literacy for the next generation by participating in the Global Money Week to commemorate the Financial Literacy Day on March 23, 2023.


In alignment with the theme “Plan your Money, plant your Future”, Wema Bank organized financial literacy sessions for secondary school students across all states where the Bank is represented. This is to instill an early understanding of the significance of building a solid financial foundation and achieving financial stability and success from a young age.


The Deputy Managing Director of Wema Bank, Mr. Wole Akinleye, led the Financial Literacy Session at Yola Model School, Adamawa State. The students were trained on personal finance topics such as budgeting, emergency funds, saving for goal actualization, investment, donating for positive societal impact amongst others. He further encouraged the students on the importance of developing financial literacy as a life skill.


Speaking on the significance of Financial Literacy Week, Mr. Akinleye emphasized Wema Bank’s commitment to empowering young minds with the skills and knowledge necessary to make informed financial decisions. In his words, “Our hope is that through these initiatives, we can empower more individuals to take control of their finances and achieve financial stability.”


Financial literacy is vital for the achievement of financial stability, and it is essential to ensure that everyone has the necessary tools to manage their finances effectively and achieve their financial goals. Wema Bank Plc is committed to providing educational resources and opportunities for children through the Royal Kiddies Account and a range of other savings products, supporting financial empowerment for the next generation.

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