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Daily Archives: November 18, 2019

Kylie Jenner to sell majority stake in cosmetics brand for $600m

 

Beauty products giant Coty announced Monday a deal to take a majority stake in Kylie Jenner’s cosmetics and skincare company, marrying Jenner’s celebrity prominence with Coty’s distribution and commercial prowess.

Under the transaction, Coty, whose brands include Hugo Boss and Burberry fragrances, will pay $500 million for a 51 per cent stake in Jenner’s company.

Jenner, the youngest daughter of Kris Jenner and Caitlyn Jenner, formerly known as Bruce Jenner, has more than 270 million social media followers and rates as “one of the most influential voices among beauty consumers globally,” said a statement from both companies.

She launched the brand in 2015 with “Kylie Lip Kit” and has since added eyeliners, eye shadows, blushes and other items.

“I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world,” Jenner said.

“This partnership will allow me and my team to stay focused on the creation and development of each product while building the brand into an international beauty powerhouse.”

Coty described the deal as part of its effort to become a “more focused and agile company” adding that its global capacities in research and development, manufacturing and distribution, as well as expertise in cosmetics, would enable Jenner’s products to thrive as “high growth, digitally native beauty brand.”

Coty Chief Executive Pierre Laubies said the deal “will leverage our core strengths around fragrances, cosmetics and skincare, allowing Kylie’s brands to reach their full potential.”

Shares of Coty rose 3.3 per cent to $12.31 in early trading.

‘UNN belongs to Jesus’ — students kick against conference on witchcraft

Some students of the University of Nigeria, Nsukka (UNN), Enugu state, have kicked against an upcoming conference on witchcraft according to a report by The Cable.

The conference being organised by the B.I.C Ijomah Centre for Policy and Research in UNN, will hold between November 26 and November 27.

As the date draws nearer, members of the university community, including students and staff, who are opposed to the programme, have already started staging protests against it.

While some persons are organising online campaigns to register their displeasure over the conference others are circulating posters calling for its cancellation.

Aside social media campaigns, some persons have put together special prayers to “fire back” at what they described as “the work of the agents of darkness.”

Some of the posters littering around the school have inscriptions such as: “UNN belongs to Jesus”; “Witches and Wizard, No vacancy!” “Say no to the meeting of Witches and Wizard’, “We are a Christian community”; “Don’t pollute our environment”; “We plead the blood of Jesus over UNN, hence we reject all forms of witchcraft overtly or covertly”.

In an interview, Chidi Ugwu, a lecturer who is one of those planning the conference, said contrary to insinuations, the event has nothing to do with actual “witches and wizards.”

He said the conference is strictly an academic exercise and is being organised to interrogate what people associate with witchcraft.

“If you have heard that we are calling for a meeting of witches and wizards in UNN, that is not true,” he said over the phone on Monday.

“We want to interrogate the various things people think is witchcraft, the things people think are caused by witchcraft, the blames people give to witchcraft and the different practices in different parts of the world that are related to witchcraft.

“We will also look at the implications; the social implications of some of these beliefs that people have and the social manifestations of what people think when they say this is a witch or wizard.

“We are not calling a conference for people to die and go to the spirit world to know whether there are witches or not.”

The keynote speaker at the conference is David Ker, former vice-chancellor of Benue State University, while P. J. Ezeh and Damian Opata, two professors at the university, will present the leader paper.

AMCON takes possession of Demola Seriki’s properties over N1bn debt

The Asset Management Corporation of Nigeria (AMCON) has taken over some properties belonging to Ademola Seriki, a former minister of state for defence, for debts totalling N1 billion.

TheCable understands that the affected properties include those located at No. 1a & 1b, Jalupon Close, Surulere, Lagos and another at No. 4, Djibouti Crescent, a high-brow area of Wuse 2, Abuja.

Chuka Austine Obiozor, a justice of the federal high court in Lagos, delivered the judgement that empowered AMCON to seize the properties in Lagos and Abuja.

AMCON said the non-performing loans of Seriki was sold to AMCON by the now-defunct Oceanic Bank and Skye Bank.

“The case between AMCON and Seriki, who was a former minister of state for defence as well as a former supervising minister for mines and steel development have been lingering for a while now,” Jude Nwauzor, AMCON’s head of corporate communications said.

“Ideally, AMCON does not in the first instance resort to the courts except when the obligor defiles all overtures from the corporation for a peaceful resolution of an obligation. But the case between AMCON vs Ademola Seriki eventually ended up in court because all efforts made by AMCON to have the issue resolved peacefully did not yield the desired result.

“Therefore, the corporation pursued justice in court and in compliance to the order of the court of competent jurisdiction, AMCON on Monday through Oak Partners, who works for the corporation as one of the asset management partners (AMPs) having also received protective orders from the court, took possession of the said properties belonging to the former minister.

“When all efforts to amicably resolve the loan was frustrated by the former minister and a prominent member of the ruling All Progressive Congress (APC), the corporation was left with no other choice than to defer the matter to court. Having looked at the case over time, the court ordered AMCON to take over the assets of the APC chieftain.”

According to Nwauzor, AMCON carried out the court order on Monday.

Hate speech bill has nothing to do with third term agenda, says Senate spokesman

Godiya Akwashiki, acting spokesman of the senate, says the bill seeking to prohibit hate speech in the country has nothing to do with the “third term bid of President Muhammadu Buhari”.

There have been allegations that the bill is meant to pave way for an alleged third term of Buhari.

But speaking with reporters on Monday, Akwashiki said the president does not have anything to do with bill, adding that Nigerians do not have anything to be afraid of.

Sabi Abdullahi, deputy chief whip of the senate, is the sponsor of the bill.

“There is nothing for Nigerians to be afraid of in the hate speech bill. The bill was just read for the first time, it will go back for second reading and you and me have the opportunity to speak for or against the bill,” he said.

“It is the right of the senator to sponsor a bill tagged ‘private senator bill’ even if we have executive bill. But the hate speech bill before the senate is a private senator’s bill. Mr President has nothing to do with this issue.

“It has nothing to do with third term agenda. It has nothing to do with Islamising this country. Spokesmen of political parties should mind the way they speak. We should be peace lovers and peace keepers.”

Also speaking with journalists, the sponsor of the bill said he is not deterred from going ahead with bill despite death threats.

“I am not a coward. I am a full blown Nigerian. I have no reason to shy away from my responsibility,” Abdullahi said.

‘I have received all kinds of messages some even including threats but I am not bothered about that. In all of these, if I receive one commendation, it gladdens my heart and I did receive many commendations and one stood out and said there is so much hate in this country. We must check it.

“If you meet those who have lost their loved ones arising from religious or ethnicity intolerance, and the like, I don’t think they will be smiling with you when you tell them hate speech is nonsense or does not exist.

“They have felt, seen and are living as victims of hate speech. When laws are put in place and no offence is committed, those laws become redundant.”

Kogi: Buhari congratulates Bello for ‘a race well run, victory well won’

President Muhammadu Buhari has congratulated Governor Yahaya Bello of Kogi State on his re-election in the November 16 poll.

The President, in a statement by his spokesman, Mr Femi Adesina, in Abuja on Monday, described the election and emergence of the All Progressives Congress (APC) candidate as “a race well run and a victory well won.”

He commended APC supporters for remaining steadfast and resolute even in the “face of isolated incidents of violence”.

Buhari condoled with families and loved ones of those who lost their lives as a result of regrettable acts of violence by thugs doing the bidding of their political sponsors.

“All political actors and stakeholders must take deliberate steps to eschew electoral violence as a peaceful and orderly process is vital to our quest for enduring democracy,’’ he said.

He saluted officials of the Independent National Electoral Commission (INEC) and security agencies for creditably discharging their responsibilities under difficult conditions.

Buhari urged Bello to see his renewed mandate as another opportunity to build on the foundations already laid towards improving the lives of the people of Kogi.

He also enjoined the governor to imbibe the spirit of magnanimity in victory by extending a hand of partnership to opposition candidates.

The president urged those dissatisfied with the outcome of the election to approach the courts.

The Returning Officer of the November 16 election, Prof. Ibrahim Garba, had on Monday declared Bello as winner of the election after defeating 24 other contestants, including Mr Musa Wada of the Peoples Democratic Party (PDP).

Buhari has a new baby boy, says Oshiomhole on Lyon’s victory

Adams Oshiomhole, national chairman of the All Progressives Congress (APC), has described David Lyon, governor-elect of Bayelsa state, as President Muhammadu Buhari’s “brand new baby boy”.

Oshiomhole said this while speaking with reporters after presenting Lyon to Buhari at the presidential villa in Abuja on Monday.

He described Lyon as a very good candidate who made it easy for the APC to put an end to the 20-year reign of the Peoples Democratic Party (PDP).

“We went to present the governor-elect, governor David Lyon to President Muhammadu Buhari. As the President and our father, he has a brand new baby boy who will be sworn- in on Valentine Day February 14, 2020, as governor of Bayelsa State,” Oshiomhole said.

“We thank the president for his fatherly role and he insisted that we must ensure that while we are determined to win the election that we must play by the rule and ensure that the process is transparent and above all the president has always been concern about peaceful election and we were proud to inform him that besides very isolated cases of ballot box snatching, the election in Bayelsa can be described as the most peaceful.

“I believe since 1999, you as very seasoned journalists who have covered elections in Bayelsa in the past, you will agree that this is the only time we can say the election is truly transparent and peaceful.

“Again, our candidate attract supports across the political divide when you see territories and communities where his victory was being celebrated you will agree that not only did he had the support of the APC family, he had support beyond the APC family.

“And of course, the president was very happy that we had a peaceful election in Bayelsa state. But of course, we also know that there was an election in Kogi but that is a matter for another day when we present the governor re-elect.”

Oshiomhole said when Lyon resumes office, the people of Bayelsa will see the difference between him (Lyon) and Seriake Dickson, incumbent governor of the state.

He expressed gratitude to the people and party members who contributed to the victory of APC in the election.

“For the governor this is a call to selfless service, the more support you get the more the expectations. As they say, to whom much is given, much is expected,” he said.

“When he takes over office in February Bayelsans will see the difference between his government and that of outgoing governor Serieke Dickson.”

Bayelsa governor-elect visits Buhari at Aso Rock Villa

Governor-elect of Bayelsa State, David Lyon, on Monday, visited President Muhammadu Buhari at the presidential villa.

He was accompanied on the visit by the Minister of State of Petroleum, Timipre Sylva; Chairman, Governors Forum and Ekiti State Governor, Kayode Fayemi, Governor of Kebbi State, Atiku Bagudu and  Governor of Jigawa State, Badaru Abubakar and National Chairman of the All Progressives Congress, Adams Oshiomhole.

READ ALSO: Bayelsa gov-elect, Lyon, sighted at Aso Rock

Inflation hits 11.61% — highest in 17 months

The consumer price index, which measures inflation, rose to 11.61% in October, data released by the National Bureau of Statistics (NBS) has shown.

This is an increase of 0.36 percentage points compared to 11.24% recorded in September.

This was the exact inflation rate recorded in May 2018 when the country was recovering from the recession and high inflation rate.

“The urban inflation rate stood at 12.20 percent (year-on-year) in October 2019 from 11.78 percent recorded in September 2019, while the rural inflation rate was recorded at 11.07 percent in October 2019 from 10.77 percent in September 2019,” the report read.

“On a year on year basis, the composite food index rose by 14.09 percent in October 2019 compared to 13.51 percent in September 2019.

“This rise in the food index was caused by increases in prices of meat, oils and fats, bread and cereals, potatoes, yam and other tubers, fish and vegetables.”

On a year-on-year basis, inflation was highest in Kebbi at 15.20% and lowest in Bayelsa at 9.07%.

For states, food inflation was highest in Kebbi at 17.53%, Ondo at 17.01% and Ogun at 17%. The slowest increase in the prices of food items was recorded in Kogi (12.12%), Katsina (11.18%) and Bayelsa (9.55%).

According to the report, “Bayelsa, at -0.35%, recorded price deflation or negative inflation” which is a decrease in the general price level of food or a negative food inflation rate.

APC leaders: Why we visited Jonathan in Bayelsa

Timipre Sylva, minister of state for petroleum; led some leaders of the All progressives Congress (APC) in Bayelsa to the residence of ex-President Goodluck Jonathan in Yenagoa, the state capital, on Monday.

Sylva’s delegation visited Jonathan less than 24 hours after the ex-president played host to some leaders of the ruling party, including two governors.

While supporters of the party were celebrating the victory of David Lyon, the party’s candidate in the governorship election, pictures of Jonathan and some APC leaders flooded the internet.

Abubakar Badaru, governor of Jigawa state; Atiku Bagudu, governor of Kebbi; Ita Enang, a former presidential aide, were among the ruling party leaders who visited Jonathan.

Commenting on Monday’s visit, Sylva said the leadership of the APC in Bayelsa decided to visit Jonathan’s residence to to seek support for the governor-elect.

He said this was in recognition of Jonathan as a father and leader of the state, adding that he deserves to be respected by all the people of Bayelsa.

“Being a former president of the country and a past governor of the state, Jonathan remains an asset to the state and his input will always be needed to advance the course of governance in the Bayelsa,” he said.

“As such it was important for them to introduce the governor elect to him and seek his support and guidance in building a better Bayelsa.”

Responding, Jonathan asked Lyon to put the welfare and interest of Bayelsans above every other issue.

He said: “As a former President of Nigeria, I am a father to all Bayelsans, hence my doors are open to all citizens irrespective of their political affiliations. I urge you to make the welfare of Bayelsans a top priority and carry all Bayelsans along irrespective of the party they voted for.

“Elections are over now, so I want you to see yourself as the Governor of all Bayelsans and not only to the sections that voted for you. This is the way to move Bayelsa forward.”

Jonathan also condemned the violence that happened in some parts of the state, describing it as unfortunate and regrettable.

The ex-president is a strong member of the Peoples Democratic Party (PDP). Duoye Diri, PDP candidate in the election, came second.

PROFILE: Lyon, the oil magnate who swept PDP out of Bayelsa

Forty-eight hours to the election, David Lyon, candidate of the the All Progressives Congress (APC) in the Bayelsa governorship poll, was not sure of participating in the exercise where he has just been declared the winner. Duoye Diri, his main rival in the election, had told voters that casting their ballot for Lyon is sheer waste because “APC has no candidate”.

In the election week, two federal high courts in Abuja and Bayelsa had barred Lyon from the contest but the appeal court ordered a stay of execution and this paved the way for Lyon’s participation. Now he has made history: this is the first time an opposition party would win a governorship election in the oil-rich state since the return of democracy in 1999. The state, which was created in 1996, has always been governed by the PDP.

Below are some things to know about the governor-elect in Bayelsa:

FORMER PDP MEMBER

Lyon with prominent APC members in Bayelsa

During its 20-year reign, Lyon benefited from the PDP as one of its members. He contested under the platform of PDP as an aspirant to represent the Southern Ijaw constituency IV in the state house of assembly in 2011 but lost. He defected from PDP in 2015 to join the APC, with the support of Timipre Sylva, former governor of the state and incumbent minister of state for petroleum.

In an interview granted earlier this year, he said he dismissed critics who described him as a greenhorn in politics.

“I have been in politics for long. I have also contested elections in the past. I am as a politician as I am a businessman,” he had said.

“But somehow, I became a bigger businessman because of hard work, God’s blessings and my managerial skills. I also spend a lot of my time building my political relationships. So, I didn’t just enter politics today. Have you forgotten I contested the House of Assembly election with the former Speaker Kombowei but later stepped down? If I don’t have political ambition, why did I join politics and remain there till now?”

LIKE JONATHAN, HE HAD NO SHOES

Some APC leaders at Jonathan’s residence after Lyon’s victory in the election

Lyon seems to share a similarity with ex-President Goodluck Jonathan, who said he went to school barefooted early in life. Like Jonathan, Lyon said he once had his share of poverty and there was a time when he had no shoes, thus, walked bare footed to school.

In an interview granted The Sun, the governor-elect said he is committed to the poor due to his direct exposure to poverty.

“Everybody in Bayelsa State confronts poverty on the widest scale every day. I grew up in this environment. Growing up as a schoolboy at St. Gabriel State School Olugbobiri, I walked to school bare footed, and attended Community Secondary School Olugbobiri,” he said.

“I went to Port Harcourt and attended Rivers State College of Education when it was affiliated to University of Ibadan. My commitment to the poor is one that comes from direct exposure to poverty and harsh terrain.

“It will be impossible to talk of a Bayelsa man or woman who has not experienced poverty or hardship. Go to the various communities, you will see the problems, I know this state first hand, I have gone everywhere and I grew up here, my parents grew here. The question of not experiencing poverty is not true at all.”

SECURITY ENTREPRENEUR

Dancing to victory

Lyon is the CEO of Darlon Security and Guard, a private security firm in Bayelsa state. He said his firm is “committed to the protection of critical national assets in the oil and gas sector in the Niger Delta and creating a value chain of safer waterways”.

He had promised that if elected, his administration would tackle the problem of unemployment in the state.

“I believe that most security problems arise from unemployment, poverty and illiteracy; we shall formulate a security architecture that will embrace all traditional rulers, community leaders, political leaders, young and old from individual communities and local governments, combined with the support of our conventional security operatives; we will have our desired security problem solved,” he had said.

“We will bring various experiences and expertise to bear to ensure adequate security; peace and love must reign in Bayelsa State where everybody will have equal opportunity and prosperity.”

EDUCATION QUALIFICATIONS

The Bayelsa governor-elect is neither a university graduate nor a graduate of any polytechnic. According to the record of aspirants, Lyon only has a First School Leaving Certificate (FSLC), a West African School Certificate (WASC), and a National College of Education (NCE) certificate.

He attended Community Secondary Shool, Olugbobiri, from 1984 to 1988. After that, he attended Saint Gabriel’s State School, Olugbobiri, between 1978 and 1983. Lyon then proceeded to the Rivers State College of Education, where be obtained his NCE certificate.

BUSINESSMAN, OIL MAGNATE

Lyon is a businessman and an oil magnate whose investments are domiciled in Bayelsa state.

The governor-elect is also a philanthropist, who supports the people of the state through his foundation. Such endeavor contributed to his success at the polls. In an interview granted before the gubernatorial election, Lyon said he is ready for political terrain in Bayelsa, having excelled in oil politics, which he described as the “biggest politics in the world”.

“The oil politics is the biggest politics in the world and I have excelled in that industry. My business requires me to speak with people in OPEC and to relate with petroleum ministers across the world,” he said.

“In my private business, I have demonstrated the willingness to solve the problems in our state especially the problem of unemployment. I have over 7,500 employed in David Lyons companies for the past six years. Besides, I have been running a scholarship foundation that cuts across all the local government areas in the state.”

The Cable 

Lagos authorities remove lion cub from Victoria Island home

The lion cub found in a house at the Victoria Island area of Lagos State was on Monday (today) tranquilised by the Lagos State Environmental Sanitation and Special Offences (Enforcement) Unit.

In his confirmation of the tranquilisation and subsequent removal of the lion, the Head, Lagos State Environmental Sanitation and Special Offences (Enforcement) Unit, Yinka Egbeyemi, revealed that the animal was removed around 1.30pm.

Yinka Egbeyemi also explained that the Indian owner had yet to honour the invitation of the state government.

According to Yinka Egbeyemi, “Instead, what he did was to send three Nigerians who claimed to be his workers.

“But we are working with them to know where we can find him.

“Our primary concern now is to remove the lion from the house, which we have done.”

Earlier reports suggested that the owner used the dangerous feline for “security” purposes.

 

INEC declares Kogi West rerun inconclusive

The Independent National Electoral Commission (INEC) has declared the Kogi west senatorial rerun election inconclusive.

Olayinde Lawal, the returning officer, made the announcement on Sunday night.

He said the number of cancelled votes is higher than the margin between Smart Adeyemi, candidate of the All Progressives Congress (APC), and Dino Melaye of the Peoples Democratic Party (PDP).

Lawal announced that Adeyemi polled a total of 80,118 votes, while Melaye got 59,548 votes. leaving a margin of 20,570 while 43,127 votes were cancelled.

Lawal said he declared the election inconclusive in accordance with the electoral act, adding that the date for supplementary election would be announced later.

The supplementary poll would hold in 53 polling units.

Melaye had earlier called for a cancellation of the election which he described as a sham.

Below is a breakdown of how the two leading candidates fared across the seven local government areas in Kogi west senatorial district:

Kabba/Bunu LGA
APC-15,037
PDP-8,974

Ijumu LGA
APC-11,627
PDP-7,647

Kogi/Koton Karfe LGA
APC-14,168
PDP-9,786

Mapo/Muro LGA
APC-4,874
PDP-3,704

Yagba East LGA
APC-6,683
PDP-7,745

Yagba West LGA
APC-7,941
PDP-8,980

Lokoja LGA
APC-19,788
PDP-12,712