Paradise News

Tag: Nigeria

  • VFD Group Seeks Shareholders’ Approval For N50bn Capital Raise

    VFD Group Plc has announced its intention to raise up to N50bn in additional capital as part of its strategic growth initiatives.

    The proposal is expected to be presented to shareholders for approval at the company’s 9th Annual General Meeting (AGM), where several key resolutions will be tabled for consideration.

    The planned capital raise, according to the notice released by the company, will be executed through a variety of instruments including rights issues, public offers, global depository receipts, commercial papers, bonds, loans, or a combination of convertible and non-convertible securities.

    The capital may be raised in single or multiple tranches, series, or proportions, and may be offered either as standalone issuances or under structured programmes.

    The Board of Directors will determine the terms and conditions of the capital raise, including interest or coupon rates, maturity periods, and other relevant terms, subject to the necessary regulatory approvals.

    In addition to the capital raise, VFD Group is also seeking approval to capitalize the sum of ₦3.17bn from the balance of its share premium account as at December 31, 2024.

    This capitalization will be used to issue bonus shares to existing shareholders. Specifically, the company intends to allot bonus shares worth ₦6.33bn, credited as fully paid at 50 Kobo each, to shareholders registered as of the close of business on Tuesday, April 22, 2025.

    The bonus share issue will be on the basis of five new ordinary shares for every one ordinary share currently held. These bonus shares will rank equally in all respects with the existing ordinary shares of the company.

    If shareholders approve the proposed resolutions, the company’s issued share capital will increase from ₦633.42m, divided into 1,266,849,100 ordinary shares of 50 Kobo each, to ₦3.8bn, divided into 7,601,094,600 ordinary shares of 50 Kobo each.

    This increase will be effected through the creation of an additional 6,334,245,500 ordinary shares.

    In line with the proposed increase in share capital, the company also seeks to amend Clause 6 of its Memorandum of Association to reflect the updated share capital structure.

    The amendment will grant the company the flexibility to manage its capital in accordance with the provisions of its Articles of Association, including the power to vary, modify, or abrogate any rights attached to the shares.

    The Board will further request authorization to deal with any fractional shares resulting from the bonus share issuance in a manner it deems fit, pursuant to applicable laws.

    Additionally, the directors are seeking approval to enter into any agreements, execute necessary documents, appoint professional parties, and perform all actions required to implement the resolutions effectively. All actions will be subject to the approval and guidance of relevant regulatory authorities.

    The AGM is expected to serve as a crucial platform for aligning shareholder interests with the company’s long-term growth plans and strategic objectives.

    These proposals, if approved, will strengthen the Group’s capital base and enhance its capacity to pursue expansion opportunities across its investment portfolio.

    VFD Group Seeks Shareholders’ Approval For N50bn Capital Raise is first published on The Whistler Newspaper

    Source: The Whistler

  • Factory Warehouse Officer at Colton Industries

    Colton Industries specializes mainly in manufacturing and distribution of high quality Marine Coatings, sealants, primers and coatings for architectural, wood, and industrial uses.

    The production is supervised by highly efficient chemists and laboratory scientist whose sole aim is to deliver high performance products that meet the needs of our clients.Job Description

    We are looking for a reliable and detail-oriented Factory Warehouse Officer to manage inventory, oversee warehouse operations, and ensure efficient storage and distribution of goods. 
    The ideal candidate will have experience in warehouse management, inventory control, and logistics within a factory setting.

    Key Responsibilities

    Receive, inspect, and record incoming stock and materials.
    Organize and maintain inventory to optimize space and accessibility.
    Ensure timely dispatch of goods and materials to various departments.
    Monitor stock levels and coordinate replenishment to prevent shortages.
    Maintain accurate records of all warehouse transactions and inventory movements.
    Enforce health and safety regulations to maintain a safe working environment.
    Operate forklifts and other warehouse equipment as needed.
    Work closely with production, procurement, and logistics teams to ensure smooth operations.
    Conduct periodic stock audits and report discrepancies.

    Requirements

    Minimum of 3 years of experience in warehouse or inventory management (preferably in a factory setting).
    Strong knowledge of warehouse procedures, inventory control, and logistics.
    Ability to operate warehouse equipment (e.g., forklifts, pallet jacks) is a plus.
    Proficiency in inventory management software and Microsoft Office Suite.
    Strong organizational and problem-solving skills.
    Ability to work independently and as part of a team.
    Excellent attention to detail and communication skills.
    Candidates should either reside in Sagamu or be willing to relocate.

    Click Here To Apply

  • US Supreme Court stops Trump from deporting migrants

    The United States Supreme Court has issued a dramatic late-night order blocking President Donald Trump’s controversial use of the centuries-old Alien Enemies Act to deport Venezuelan migrants without due process. The emergency ruling, which came as the administration prepared to carry out additional deportations, halts the use of the 1798 law, last employed during World War II, to expel individuals without giving them a chance to challenge their removal in court.

     

    The justices directed the government not to deport any members of the affected group “until further order.” Notably, two of the court’s most conservative justices dissented from the majority decision, underscoring the divisiveness of the legal maneuver.

     

    Trump recently invoked the Alien Enemies Act to justify the deportation of Venezuelan migrants to a high-security prison in El Salvador known for housing thousands of gang members. Critics have raised alarms that this policy marks a significant overreach and may violate constitutional protections. Many of those targeted have not been charged with crimes and were reportedly identified based on vague associations or even tattoos.

     

    The American Civil Liberties Union (ACLU), which led the legal challenge, hailed the court’s intervention. “These men were in imminent danger of spending their lives in a horrific foreign prison without ever having had a chance to go to court,” said Lee Gelernt, an attorney with the ACLU.

     

    In response, the federal government filed a motion asking the court to reconsider, insisting it should retain the authority to use the Alien Enemies Act or, at the very least, receive guidance on using alternative laws to proceed with deportations. The administration maintains that those being deported are members of violent gangs, including Tren de Aragua, which Trump has designated a terrorist organization.

     

    The move is part of a wider crackdown by the Trump administration that includes military deployment to the southern border, trade penalties on neighboring countries, and harsh rhetoric portraying migrants as criminals. Trump’s recent actions have extended beyond immigration, targeting institutions like major law firms, universities, and independent media outlets, prompting fears of creeping authoritarianism.

     

    The situation has also drawn international attention. In one high-profile case, Kilmar Abrego Garcia, a Maryland resident, was deported to the CECOT prison in El Salvador under the new policy. The administration later admitted the removal was an “administrative error,” though Trump has continued to label Abrego Garcia a gang member, even sharing a manipulated image suggesting ties to MS-13.

     

    Civil liberties groups and Democratic leaders have voiced deep concern, calling the use of the Alien Enemies Act a grave threat to constitutional rights. Trump’s supporters, however, have largely cheered the deportations, with some far-right influencers openly urging the administration to defy the court’s ruling.

     

    As legal battles intensify and court decisions mount, the clash between executive authority and judicial oversight appears set to become a defining issue in the months leading up to the next election.

    Source: Linda Ikeji

  • Hisbah Denies Assault On Katsina Lady Accused Of ‘Immoral Dressing’

    The Katsina State Hisbah Board has dismissed a report of alleged assault on a lady, Hauwa’u Lawal, by its personnel.

    Malam Mohammad Shu’aibu, the Deputy Commander General Operations of the board, gave the clarifications at a news conference on Sunday in Katsina.

    Lawal, in a viral video clip, accused the operatives of the board of beating her that caused a fracture on her leg and injuries impairing her hearing ability.

    The lady said that the incident occurred when she visited her brother, who was in the custody of the board.

    In a swift reaction, Shu’aibu confirmed the arrest of one suspect, who is a brother to the lady.

    He said the suspect was arrested for interfering with the operation of the operatives while on duty, and parading himself as a soldier.

    “She was stopped from going in because of the nature of her immoral dressing, but she insisted and attempted to slap one of the personnel.

    “The suspect (the brother) also presented an identity card which expired in 2023, carrying Ex-boy.

    “During an operation at one of the event centres in Katsina city, some youths hurled stones at the personnel, where the suspect described them as unprofessional.

    “The personnel while trying to calm the situation, asked the suspect to identify himself, and he claimed to be a soldier, which at the end we realised he was not.

    “Also, an x-ray of the fractured leg has been requested from the suspect’s family to prove their claims, but none is yet to be presented to the board,” he said.

    Shu’aibu said the board was mandated to fight immortality in the society, adding that it also trained its personnel to be civil, disciplined and professionals in discharging their duties.

    Also commenting, Hadiza Yar’Adua, Commissioner for Women Affairs, said the ministry was investigating the matter.

    “Once the investigation is complete, we will forward our findings to the relevant authorities for appropriate action,” she said.

    Hisbah Denies Assault On Katsina Lady Accused Of ‘Immoral Dressing’ is first published on The Whistler Newspaper

    Source: The Whistler

  • Factory Accountant at Colton Industries

    Colton Industries specializes mainly in manufacturing and distribution of high quality Marine Coatings, sealants, primers and coatings for architectural, wood, and industrial uses.

    The production is supervised by highly efficient chemists and laboratory scientist whose sole aim is to deliver high performance products that meet the needs of our clients.Job Description

    We are looking for a detail-oriented Factory Accountant to manage financial operations at our manufacturing facility.
    The ideal candidate should have 3 – 5 years of experience in a factory setting and proficiency in ERP systems.
    This role involves overseeing cost accounting, financial reporting, and inventory management to support efficient production and financial decision-making.

    Key Responsibilities

    Monitor and control factory financial operations, including cost accounting and budgeting.
    Track raw materials, work-in-progress, and finished goods to ensure accurate inventory valuation.
    Analyze production costs, variances, and profitability to support decision-making.
    Ensure compliance with accounting standards and company financial policies.
    Generate periodic financial reports and present insights to management.
    Collaborate with procurement, production, and sales teams to optimize cost efficiency.
    Maintain and update records in ERP systems for accurate financial tracking.

    Requirements

    Bachelor's Degree in Accounting
    3 – 5 years of accounting experience in a factory or manufacturing environment.
    Strong knowledge of cost accounting, inventory management, and financial reporting.
    Proficiency in ERP systems and advanced Excel skills.
    Strong analytical skills and attention to detail.

    Click Here To Apply

  • South Africa’s Deputy President escapes assassination as gunmen open gunfire on his bulletproof car

     

    According to reports, the deputy president’s car was struck by gunfire on the windscreen multiple times during the attack. Mashatile’s spokesperson, Keith Khoza, confirmed that the deputy president was inside the vehicle when the shooting occurred. “We can confirm that there was an incident in which the car of the deputy president was hit,” Khoza said.

     

    While early details were unclear, an expert analysis has confirmed that the impact on the vehicle’s windscreen came from bullets. “The police are best placed to respond to the question; however, I can confirm that we have a report confirming from an expert that these were bullets,” Khoza added.

     

    Preliminary findings from the scene reportedly suggest that as many as 12 spent cartridges were recovered, though the exact number of shots has yet to be officially confirmed.

     

    Thanks to the car’s bulletproof features, Mashatile emerged from the incident without injury. The South African Police Service, in collaboration with the Presidential Protection Unit, has launched a joint investigation into the attempted attack. While the identity and motive of the assailants remain unknown, authorities are treating the case with urgency as the investigation continues.

    Source: Linda Ikeji

  • PDP Charges Leaders To Rededicate Themselves To Selfless Service

    The national leadership of the Peoples Democratic Party (PDP) has charged leaders at all levels to rededicate themselves to selfless service to the people.

    In a goodwill message on the occasion of the Easter celebrations, the party also urged Nigerians to use the Easter season to renew their hope in God’s unwavering love and His divine intervention in the nation’s affairs.

    The party, in a statement on Sunday by its National Publicity Secretary, Debo Ologunagba, highlighted God’s saving grace over the string of adverse circumstances bedeviling the nation and its people.

    The party urged the people to renew their determination and hope for the much-desired national rebirth, “as solution for the quagmires of hardship, insecurity and uncertainty pervading the nation under the anti-people All Progressives Congress administration.”

    “The coming of Easter must also redirect us as a nation to the imperatives of the virtues of forgiveness, forbearance, mutual respect, obedience to the rule of law and love for one another without regard to sectional, tribal, religious or political considerations, as this is the only way our nation can survive these perilous times.

    “Our party charges all leaders at all levels, sectors and spheres to use the occasion for deeper introspection and rededicate themselves to a life of selfless service and pursuit of the good of the people as exemplified in the life, teachings, sacrificial death and triumphant resurrection ofJesus Christ to bring redemption to mankind.

    “Against this backdrop, the PDP restates its demand on the APC-led Federal Government to rescind all its anti-people and life-discounting policies, address the ravaging insecurity, hunger and economic hardship in the country,” the statement added.

    PDP Charges Leaders To Rededicate Themselves To Selfless Service is first published on The Whistler Newspaper

    Source: The Whistler

  • Sales Officer – Lagos at Lance Trend April, 2025

    Click Here To Apply

  • Lagos hotelier slumps, d!£s during wife’s 60th birthday celebration (video)

    A popular hotelier, Mr A O Akinyele, slumped and d!d during his wifes 60th birthday celebration at an event centre in Egbeda, Lagos. Mr Akinyele was singing on stage during the event on Saturday, April 19, when he suddenly slumped. Attempts made to revive him were unsuccessful, leading to his being rushed to a nearby hospital where he was pronounced de@d. A video shared online shows Mr Akinyele singing alongside others on stage before beckoning to his wife, Mrs Catherine Akinyele. He whispered something to her then collapsed moments later. According to reports, Mr Akinyele unveiled a brand new Toyota Highlander he bought for his wife at the event just before he collapsed. Watch the video below.  Lagos hotelier slumps, dies during wifes 60th birthday celebrationTragedy struck in the Egbeda area of Lagos yesterday, Saturday, April 19, 2025, as a popular hotelier, Mr A O Akinyele, slumped and died during his wife’s 60th birthday celebration at an event centre.Mr pic.twitter.com/URiwkf2OR8 Lere Olayinka – Aresa 1 (@OlayinkaLere) April 20, 2025 The post Lagos hotelier slumps, d!s during wifes 60th birthday celebration (video) appeared first on Linda Ikeji Blog.

    Source: Linda Ikeji

  • Police Arrest Native Doctor Fortifying Kidnappers In Anambra

    Operatives of the Anambra Police Command have arrested a native doctor, Celestine Onuyia, 52, and his alleged accomplice, Jacinta Udenka, 45, for illegal possession of weapons and alleged aiding of criminal activities in the state.

    A statement by the command revealed that Onuyia was first arrested on April 13, where one pump action gun, seven single-barrel Dane guns and 28 live cartridges were recovered.

    The suspects from Oba, Idemili South Local Government Area (LGA) of the state, were interrogated on April 20 and found to have more weapons.

    The weapons including two more AK47 rifles and two empty magazines were recovered from their hideout at Omasi in the Ayamelum LGA of the state.

    The statement read partly: “The Operatives have since been investigating a kidnap incident that occurred at Nnewi in July 2024, where a ransom of Seventeen million, Five hundred thousand Naira only (#17,500,000) was collected before the victim was released from their captivity.

    “Information also revealed that Mr Celestine is allegedly a native doctor who provides criminal charms and keeps the weapons for the gang.

    “At the same time, Mrs Jacinta gets information about their victims before they execute their evil plans.”

    The Commissioner of Police, Ikioye Orutugu, assured the residents that the Command was willing to follow cases to a logical conclusion until the suspects were arrested.

    “This measure is critical to the ongoing efforts to prevent further criminal activities in the State,” the police said.

    Police Arrest Native Doctor Fortifying Kidnappers In Anambra is first published on The Whistler Newspaper

    Source: The Whistler