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Tuesday, January 4, 2011

Facebook's $500m Goldman Sachs deal makes Mark Zuckerberg worth $14bn




Facebook has raised $500million in a deal that values the company at $50billion, making 26-year-old founder Mark Zuckerberg worth almost $14billion.

If you're worth $14billion at 26, how much will you be worth at 50? Wow!!!

Goldman Sachs invested $450million and Russian investment firm Digital Sky Technologies invested $50million, the New York Times reported, citing people involved that it did not name.

The new cash will let Facebook lure and retain employees, develop more products and possibly pursue acquisitions without being publicly traded.

The $50billion valuation would make Facebook worth more than Yahoo!, eBay and Time Warner.
Zuckerberg, who owns about a quarter of Facebook's shares, is one of the world's youngest billionaires and now one of the wealthiest of any age.

The newspaper said the deal may double Zuckerberg's personal fortune, which Forbes estimated at $6.9billion when Facebook was valued at $23billion.
Previously number 212 on Forbes' list of the world's billionaires, $13.5billion would catapult him into the top 40.
Representatives for Facebook, Goldman and Digital Sky Technologies declined to comment.
Goldman has the right to sell part of its stake, up to $75million, to the Russian firm.
The U.S. Securities and Exchange Commission is reportedly looking into the booming trade in privately held shares of popular social networking sites.


Growth: The $500m injection will enable Facebook to stay private while providing it with cash to make purchases, recruit top-level employees and develop new products.
A big reason the SEC may be curious about the trading of these popular private startups' shares is because once a company hits 500 shareholders, it must disclose certain financial information to the public, even if it hasn't filed for an initial public offering.

The Times reported that Goldman is planning to create a 'special purpose vehicle' that may be able to circumvent the 500 shareholder rule because it would be managed by Goldman and considered just one investor, even though it could conceivably be pooling investments from thousands of clients.
Shares of privately held companies can be traded on private stock exchanges such as SecondMarket, based in New York, and SharesPost, based in San Bruno, California.

The shares are generally sold by former employees or early investors in these companies.
Only institutional investors or high net-worth individuals – those worth more than $1million – can buy the shares.
But for those who can sell them, the market is on fire.

On SharesPost, a completed contract between a buyer and a seller valued shares of Palo Alto, California-based Facebook at $25 each.
This implies a valuation of nearly $57billion for the world's largest social network, with 500million-plus users worldwide.

Source: Daily Mail UK

Shania Twain marries the husband of the woman who stole her own husband...yeah, it's as complicated as it sounds...lol


Shania and Frederic on wedding day
In a real-life-wife swap story, Canadian country singer Shania Twain 45 (worth $450m), married businessman Frederic Thiebaud, 40, on January 1, 2011. Their marriage comes two and a half years after they discovered their respective ex-spouses were having an affair. Twain was devastated to discover her first husband Robert Lange, was having an affair with her best friend, Marie-Anne Thiebaud, then wife of Twain's new husband, Frederic.

After initially consoling each other in the aftermath of the marriage breakdowns, Shania and Frederic's friendship developed into love, and they are now married.

Shania's ex husband is still with Frederic's ex-wife. They live together.

Sounds like something made up, huh? These oyibo people sef...lol
All the best to them.

Government to Appoint Anti Terrorism Chief





An emergency meeting of security chiefs was held yesterday behind closed doors in Abuja. The meeting, which was presided over by President Goodluck Jonathan, was summoned to deliberate over the spate of bombings and security breaches across the country.


A source said the president ordered the security chiefs to discuss and find how to bring the violence that has become common across the country under control. It was gathered that the president expressed concern that security has become a challenge, thus leading to loss of lives and raising fears over the elections coming up in April.

On the eve of Christmas, series of bombs exploded in different areas of Jos leading to the death of over 80 people, while another exploded at a People’s Democratic Party (PDP) rally in Yenogoa, Bayelsa State. On December 31, there was a bomb explosion at the Mogadishu Barracks in Abuja, killing four persons while several others were injured.

Source: 234Next

I’m not a lesbian —Waje



After featuring in the Zain musical challenge and the ‘Do Me’ hit track by the duo P Square, Iruobe Aituaje Ebele popularly known as Waje has continued to step up her game. When Sunkanmi Ogunade met her recently in Ibadan, she debunked rumours of her having a queer sexual life. Excerpts:

You featured in the song Do Me with the mighty duo P-Square. Was that your major break?

To be very candid, the Do Me track was my debut. It sold me out beyond my imagination. I got noticed by almost everybody. After the hit track, I decided to put more effort into my music. I had done something for them before; I remixed the Omoge Mi track as Bobo Mi. They listened to it, liked it and featured it in their album.

Do you still have a cordial relationship with them?

Yes, I do. We still relate well.

What is the next step for Waje?

The next big thing is my album. I am currently working extra hard to compose good songs and make my fans happier. The whole big thing has to do with a lot of things. My album, musical videos, my person, etc. I am working on my album and I hope to drop it as soon as I get what I want.

How many years have you spent in the music industry?

I have spent like six years but I give glory to God today. When, I started many years back, it was rough and harsh. You would sing all your hearts out and somebody somewhere would just rubbish your handwork. I felt like backing out but today, it’s a different ball game. People have come to love what we do, even if they don’t agree with your idea, they would encourage and even pray for you.

Do you have any record label right now?

I don’t have any record label but that would end pretty soon. I am on the edge of striking a deal. When it happens, you would be the first to know. I promise

One of your videos ‘Can I be your girl?’ is enjoying massive air play. How do you feel?

I feel very great. We spent a lot of money on that video. It was not shot here; we travelled out of the country to shoot the video. The expenses were just too high, but we had no choice. You also have to make enough appearances and the rest of them. It’s just on the high side.

So, if I may ask, where do you get all the funds for your projects?

To be very sincere with you, my brother, God has been so good to me in that aspect. All my life, I have been fortunate, if I may say. I have not had any reason to regret venturing into music. I have been doing some money fetching engagements and it has been colourful. I get assistance from people very well. For that video, it was just God oo. I work for my funds and God provides the rest.

Have you faced sexual harassment in the industry?

I don’t think that is new. It has been and will continue to be. It is even part of the make-up of the industry. When I hear cases of sexual harassment especially in this industry, I am not always surprised. I have never been harassed in any way before. I have been very lucky.

Are you saying it is very normal?

Yes, I am principally saying that it is normal and it is also part of the challenges we face.

Are you in a relationship?

No.

Why?

I don’t have any reason for you! I am single and I am not searching. I want to face my music totally.

Are you a lesbian?

Lol! No. I am not o! I am not a lesbian. Okay, let me say this. If I commence a relationship tomorrow, I will inform you.

Hope you know time is going?

What do you mean by time is going? I am not searching abeg. Don’t put words into my mouth (laughs).

What is the full meaning of WAJE?

Words Aren’t Just Enough.

In Can I be your girl?, are you referring to anybody?

No, it was a song I wrote naturally. I am not referring to anybody o. In this part of the world, you don’t beg to date the opposite sex, and they do that. I am not referring it to anybody o!

How was growing up like?

It was fun. It was like any other average person’s. I learnt a lot while growing up. It was fun for me and I still have those colourful memories. Growing up was peaceful and interesting.

As an artiste, how do you rate the Nigerian music industry?

The Nigerians music industry is fast growing because we are definitely not what we used to be five years back. I strongly believe that the fast growth of the music scene will make the industry very big in a few years to come and talented acts will have a platform to showcase themselves.

What should your fans expect from you soon?

They should expect more good music, the message being as positive as ever. I promise them that I will not disappoint. Finally, I thank all my fans, for their love, care and steadfastness all these years. I love them all.

Monday, January 3, 2011

President Jonathan Pledges Significant Improvement in Security, Power Supply and National Infrastructure in New Year Message





President Goodluck Ebele Jonathan has promised Nigerians significant improvements in security, power supply, national infrastructure, education, healthcare and employment generation in 2011.

In his new-year message to the nation, President Jonathan pledged that his administration will work even harder in the coming months to ensure that ordinary Nigerians begin to feel the tangible benefits of the economic growth recorded by the country in recent years.

The President said that the Federal Government will give particular attention to the effective implementation of the new national job creation scheme for which N50 Billion has been earmarked in the 2011 Appropriation bill to create thousands of new jobs for the country’s unemployed youth.

He said that to further boost employment, his administration will also initiate a massive national public works programme in the 36 states of the Federation and the Federal Capital Territory for the renovation, rehabilitation and upgrading of schools, medical facilities, roads and other public utilities.

President Jonathan said that in addition to the N500 Billion intervention fund which has been established for the country’s power, manufacturing and aviation sectors, a $500 Million facility will also be made available to support small and growing businesses.

Saturday, January 1, 2011

Sanusi is Silverbird’s Man of the Year



The CBN Governor Sanusi Lamido Sanusi has emerged as the 2010 Silverbird Man of the Year. He was voted enmasse by the Nigerian people by text messaging.
Most Nigerians who received the news, believe his choice as the Silverbird Man of the Year was based on his frankness and fearlessness in policy formulation and ,more importantly ,his recent revelation about how twenty five percent of the national budget is spent on federal legislators. Other contenders for the prestigious award in 2010 were Aliko Dangote (Chairman Dangote Group) ,Funke Osibodu (CEO Union Bank Plc, Olusegun Aganga (Minister of Finance), Ahmadu Giade (NDLEA Chairman) & Funke Opeke (CEO Main One Cable).
The Silverbird Man of the Year was initiated in 2006 to celebrate outstanding and extraordinary Nigerians.

Nigerian capital Abuja hit by barracks bomb






Several people have been killed by a bomb blast at a bar near a barracks in Nigeria's capital, Abuja.


Nigeria's president condemned the attack, blaming it on Islamists who claimed responsibility for a recent bombing in the north of the country.

The explosion happened in a market where soldiers and civilians often gather to eat and drink beer.

A police spokesman said four people had died, while military sources have told the BBC 11 people were killed.

In a statement issued by his spokesman, President Goodluck Jonathan called the attacks "evil" and "wicked".

"Basking in their nefarious success in Jos on Christmas Eve, they have once again knifed at the heartstrings of a nation decked out in gaiety, celebrating New Year's Eve," he said.

An Islamic sect known as Boko Haram said it had carried out the attack in Jos, but there was no immediate claim of responsibility for the Abuja bombing.

New year's revellers
State TV initially reported that 30 people were killed. But police spokesman Jimoh Moshood said four people had been killed - three men and one woman.

Witnesses have told the BBC they saw body parts lying on the ground and injured people being carried away after the blast.

"People ran in different directions. There were scores of bodies - dead and wounded. They used army trucks to pack them away," a market regular called Eric was quoted as telling Reuters news agency.

The area was sealed off.

Air Marshal Oluseyi Petiri said a bomb had been placed "where people were relaxing and generally being happy because of the New Year which is approaching".

He urged Nigerians to be vigilant following a recent spate of bomb attacks in a country where they had been almost unknown.

"Do not allow anybody to come and leave a bag, or any kind of object, especially when he is not there," he told state TV.

There have been bomb attacks in the capital and other cities in recent weeks:

On Wednesday, two blasts disrupted a political rally in the southern city of Yenagoa, wounding several people
Bomb attacks in the city of Jos, a flash-point between Nigerian Christians and Muslims, left 80 people dead over Christmas - an Islamist group said it was behind these attacks
In October, at least 12 people were killed in explosions in Abuja as the country celebrated 50 years since independence from the UK - this was blamed on oil militants
The market is near the Sani Abacha barracks, named after Nigeria's late military dictator, in Asokoro district, home to the presidential palace and said to be the city's most secure area.

Officially renamed the Mogadishu Cantonment, the barracks is still known to many by its old name.

Wednesday, December 29, 2010

Ex President Olusegun Obasanjo slumps at church service



There was a mild drama in Igbotako area of Okitipupa Local Government in Ondo State on Monday as former President Olusegun Obasanjo slumped at a thanksgiving church service to mark the 70th birthday of General Olu Bajowa (retd)
Obasanjo was one of the guests at the church service held at the St. Stephen’s Anglican Church, Igbotako.

Also present at the thanksgiving service were Governor Olusegun Mimiko and top government functionaries
Daily Sun gathered that the Owu-born General collapsed in the middle of the service and was hurriedly rushed out of the church for urgent treatment.

 His collapse changed the atmosphere in the church as his issue became the talking point by guests at the church service.
The former president was saved by the quick intervention of medical doctors attached to Governor Mimiko.
For over 30 minutes, the doctors reportedly battled to revive Obasanjo who was believed to have fainted. He later regained consciousness after the treatment given to him by Mimiko’s team of medical doctors.

Shortly after he was revived, the Owu-born General was said to have returned to the church to continue with the service.
His re-entry into the Church was said to have turned him to the cynosure of all eyes, as guests and other dignitaries looked at him with keen interest.

Former President Obasanjo who was not moved by the incident later joined others to sing praise and worship.
The celebrant who looked ruffled after Obasanjo slumped later danced to the admiration of the guests and family members.
In a swift reaction yesterday, however, media consultant to the former president, Adeoba Ojekoni denied that Obasanjo fainted at the ceremony.
Ojekoni, in a telephone chat with Daily Sun said: “There was nothing like that. 

He did not collapse.
“He (former president) was invited to the ceremony and he attended both the church service and reception. If he had collapsed as you claimed, he would not have been able to attend the church service and the reception, which he did. He left the place after the event.
“I can tell you, he (Obasanjo) is hale and hearty. There is nothing wrong with him.”

Tuesday, December 28, 2010

Muslim group claims Nigeria blasts



A Nigerian Muslim group formerly known as Boko Haram has claimed responsibility for series of bombings on Christmas Eve in Nigeria that left at least 38 people dead and sparked violent reprisals.
In a statement published on Tuesday on what is thought to be its website, the group claimed responsibility for the bombings in central Jos and two attacks on churches in Maiduguri.

Nigerian police immediately cast doubt on the claim, but if the claims are true, the attacks would mark the first time Boko Haram strikes outside of the country's predominately Muslim north.

Many analysts have instead attributed the Christmas Eve bombings in Jos to the struggle for political and economic power in between Christian and Muslim ethnic groups in the region.
Hundreds of people have been killed in previous clashes between the two groups.

The website statement read: "O nations of the world, be informed that verily the attacks in Suldaniyya [Jos] and Borno on the eve of Christmas was carried out by us, Jama'atu  Ahlus-Sunnah Lidda'Awati Wal Jihad, under the leadership of Abu Muhammad, Abubakar bin Muhammad Shekau."

Boko Haram changed its name following a prison break earlier this year, in which more than 700 inmates were freed, to Jama'atu Ahlus-Sunnah Lidda'Awati Wal Jihad, which translates roughly to "People Committed to the Prophet's Teachings for Propagation and Jihad".

'Religious war'

The statement said that the attacks were meant "to start avenging the atrocities committed against Muslims in those areas, and the country in general. Therefore we will continue with our attacks on disbelievers and their allies and all those who help them".

Shekau, the name mentioned in the statement, is a suspected Boko Haram leader. Video footage of a man believed to be Shekau speaking in the Hausa language was also posted on the website.

"We are the ones who carried out the attack on ... Jos," he said in the video. "We are the Jama'atu Ahlus-Sunnah Lidda'Awati Wal Jihad that have been maliciously branded Boko Haram ...

"Everybody knows about the gruesome murders of Muslims in different parts of Nigeria ... Jos is a testimony to the gruesome killings of our Muslim brethren and the abductions of our women and children whose whereabouts are still unknown ...

"My message to my Muslim brethren is that they should know that this war is a war between Muslims and infidels. This is a religious war."

Official scepticism

The address for the website had been given in a video that emerged earlier this year purportedly from sect members.But Abdulrahman Akano, police commissioner for Plateau state, where Jos is the capital, cast doubt on the claim.

"Anybody can post anything on the Internet," he said, adding that the bomb blasts were not the usual method used by Boko Haram.
The Christmas Eve bomb blasts in Jos and the reprisals that followed killed at least 80 people, Nigeria's emergency agency said.

On Monday Nigerian police arrested six people in connection with the violence that erupted in the aftermath of the bombings, but not in connection with the blasts themselves.

Attacks condemned

Police and the army have declined to identify the bombing suspects. They have also not confirmed if the bombings were related to the church attacks. The two areas are about 520km apart.

Boko Haram is thought to have been defeated in 2009 when the military destroyed its mosque and its leader was arrested. He later died in police custody.

Ban Ki-moon, United Nations secretary-general, has condemned the violence in Nigeria "especially at a time when millions of Nigerians are celebrating religious holidays".

Goodluck Jonathan, the Nigerian president, has expressed his sympathy to the victims' families and committed to bring the perpetrators to justice.

"I assure Nigerians that [the] government will go to the root of this," he said of the explosions. "We must unearth what caused it and those behind it must be brought to book."

Source:
english.aljazeera

Sunday, December 26, 2010

Professor Wole Soyinka and President Jonathan’s reading campaign



Nigerian writers have given a cautious welcome to President Goodluck Jonathan’s ‘Bring Back The Book’ campaign, launched in a high profile series of events at the Eko Hotel, Lagos, on Monday, December 20.
Joining the president for the first event of the day, a reading session with 400 pupils from about 20 schools, was Nobel Laureate Wole Soyinka, who read from an abridged version of his childhood memoirs, ‘Ake’. Soyinka said the draw to the event, for him, was the idea of reading to children, likening the experience to an early Christmas present for himself. The laureate explained the irreverent nicknames he coined for his father and mother, Essay and Wild Christian. The elder Soyinka was known to his friends as S.A, and the way they said the initials, sounded like ‘essay’ to the son. As for his mother, Soyinka told the children that “her Christianity was on the wild side,” hence her nickname, which he never dared utter in her presence. “I hope you have more respectful names for your parents,” he told the pupils, who were all given gift packs of reading materials at the occasion.

President Jonathan had earlier tried to impress on his young audience the imaginative power of books, while introducing his own choice of reading material for the event. “You don’t have to go to the South East to know about the place; you can read about it,” he noted, while summarising the adventures of the protagonist of Chinua Achebe’s ‘Chike and the River’, who wanted to cross the River Niger in order to get to the big city, Onitsha. Jonathan then read from Achebe’s book, sustaining the attention of the children, who opened their own copies to follow the narrative. The mention of the word “kidnapper” in the 1966 publication, got the attention of the adults in the gathering. “So, kidnappers have been in the system for a long time!” said one. Other references like gramophone, six pence and one shilling, led to some discussion during the interactive session, when the children put questions to the high profile readers about the excerpts read. There was an unintended commentary on the quality of Nigerian publishing, when the president said of his copy of ‘Chike and the River’ that “There are some errors in the print.”

Goodluck’s friends cannot spell

Not even the president’s own book, presented to coincide with the ‘Bring Back The Book’ campaign, is free from error. In the opening dedication of ‘My Friends and I’, Jonathan pays homage to “my friends on facebook, for keeping me engaged and encouraging me to keep this national conservation (sic) on our country’s future going.” And there the unintended errors end. The 357-page ‘My Friends and I: Conversations on Policy and Governance via Facebook’ is riddled with comments like “U will not make mistakes, only because u listen 2 d voice of the masses. GOD be wit u. U are good 2 go 4 d next 8 years mr president.” Even Reuben Abati, the book’s reviewer, could not but respectfully state that, “Many of Jonathan’s friends cannot spell.”

‘My Friends and I’ is a collection of the interactive exchange over a four-month period between (supposedly) the president and the 350,000 friends on his Facebook page. It is not known whether the ‘friends’ gave permission for the publication of their images and the often badly written commentary originally posted on the internet. Abati observed that President Jonathan, “is the first Nigerian leader to adopt this technological mode of interaction with citizens,” after being influenced by the Obama campaign. The reviewer said the book underscores “the inevitability of digital democracy or electronic democracy… This book demonstrates the passion of Nigerians for their country.” While suggesting that the president’s Facebook publication “makes the political process more participatory,” Abati showed little enthusiasm for the computer language on display on the pages, riddled with jargon and typos. These, he declared, are “a threat to literacy.”

Who’s who

Prominent on the high table were poet Odia Ofeimun; President of the Association of Nigerian Authors Jerry Agada and US Democratic campaign worker, Joe Trippi. In the audience were Petroleum Minister Diezani Allison-Madueke; Speaker of the House of Representatives Dimeji Bankole; Ogun State Governor Gbenga Daniel; Minister of National Planning, Samsudeen Usman and Labaran Maku, Minister of Information and Communication.
The carefully stage-managed event was not without glitches. Maku committed a major gaffe on live television at the event, when he claimed that President Jonathan “has brought Facebook to Nigeria.” He was not alone; a singer who appeared to have been flown into Nigeria to sing the national anthem, not only could not get her pitch right, she got the words of the anthem wrong. The prominent photographer on the day was TY Bello, the woman responsible for the very flattering images of the president that adorned the Eko Hotel lobby.

A sizeable contingent of writers were in attendance, including John Pepper Clark, Helon Habila, Sefi Atta and Lola Shoneyin. For an event designed to promote books, it seemed more like a day for musicians. Some of Nigeria’s biggest pop stars held sway on the stage, just across from the smiling, ‘casual’ jean-and-T-shirt clad Jonathan, who sat rigidly in his chair as D’Banj, Tuface and P-Square rocked the house with singing and dancing. Other performers were rapper Mo’Cheddah and Zakie, who sang a specially composed Hausa number in praise of Jonathan’s election campaign.

What they said

“I decided to publish because I wanted to promote a reading culture and accountable governance,” said President Jonathan about ‘My Friends and I’. He further stated that, “At all times, we should have a book in our hand. This is the way of civilisation.” In his speech on the podium, Odia Ofeimun praised Jonathan as “a new type of leader… who does not put on the airs of an overbearing patriarch or Philosopher King but is prepared to read to children like a next door neighbour.” Reading, he noted, “is an equaliser of peoples. By giving all of us common access to knowledge and entertainment, the art of reading mobilises consciousness, in favour of human empathy and solidarity.”

Ofeimun welcomed the president into the ranks of those who champion a reading culture, saying, “This is the first time a national leader at the apex of decision making would be identifying with the campaign for the development of a reading culture without minding the cynicism of those who believe the situation is too far gone to be remedied.” The poet however decried what he called the “derailment” of public education in the country, the death of libraries in schools and local governments, as well as the “defeat” of the bookshop culture. All of these lead to poor results in the West African Examination Council, he argued. “We have an educational system which gives poor education to poor people in order to keep them poor and unmobilisable,” Ofeimun declared, to audience applause. He called for the provision of the US Library of Congress-styled libraries, to be spearheaded by the National Assembly. He also called on every local government to buy at least 1000 books a year, to revive the reading culture.

Other speakers at the event included TY Bello, Ken Wiwa Jr and Toyosi Akerele, who, in a seeming endorsement of a Jonathan candidacy, declared, “I’m tired of seeing 80 to 85-year-olds determining a future they are not going to be part of.

Labaran Maku and Oronto Douglas, Special Adviser on Documentation and Strategy, represented President Jonathan at a special writers’ event in the evening. Mr. Maku redeemed himself somewhat in a short speech, acknowledging the great strides made by females in current Nigerian writing. “The next phase is the women’s phase,” he declared. There were readings as well as frank discussions about the Bring Back The Book campaign with some like writer Simi Dosekun questioning the value of the president’s book. Douglas, who mounted a spirited defence of the publication, promised to take the writers’ suggestions on publishing and the reading culture, back to the presidency.