Nollywood Yoruba Actor Otolo Is Dead. ( R.I.P)

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We were informed by a reliable source that the comic actor gave up the ghost yesterday. All effort to call Otolo has been futile. Most of the Nollywood stakeholders we tried to question about the situation could not give any concrete answer as they seem not to be informed about it.

We are still digging further to know the state of the matter. we shall keep you posted as event unfolds.

Ex President: OBJ House On Fire

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The country home of Nigeria’s former President, Olusegun Obasanjo at Olusegun Osoba Hilltop in Abeokuta, Ogun state has been damaged by a fire outbreak, which consumed the office building in the complex.

The fire which lasted for about 30 minutes was allegedly caused by a power surge.

The fire started just about 20minutes
after the former president left his Abeokuta
Hilltop Mansion residence on Thursday.
Photo by Dimeji Kayode-Adedeji

One of the attendants in the house, who does not want to be identified, said that as soon as the blaze was noticed, men of the Ogun state fire service and the Nigeria Security and Civil Defence Corps were contacted.

The inferno was reportedly brought under control.

The former president returned home after the inferno started.

Addressing journalists that were present at the house, the former President in Yoruba language, jokingly used a native adage that the King’s house that burns will only be beautified.

“Go, go and sing to the whole world that ‘the King’s house that is gutted by fire only beautifies the house,” the former president cheerfully said.

Young Entrepreneurs Must Experience Failure Before success – Elem

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Sunny Elem is a real estate consultant and the Managing Director, Nature Hero Limited – a network marketing firm. In this interview with Okechukwu Nnodim, he says young entrepreneurs must realise that failure usually comes before success in business

What is the basic challenge of a prospective entrepreneur?

The first problem usually is funding because every great idea must have some kind of financial backup to put it to the marketplace. But in Nigeria we don’t have adequate access to funding for small scale or medium scale businesses. As an entrepreneur, borrowing money from friends and family sometimes may not be enough to meet your target in order to make it out there. 

Also this issue of not having good statistics in the country is a challenge to entrepreneurship. You know when you are planning for a business you would want to rely on statistics in order to do your research very well. But as it is now there seems to be no particular place you can go to get information to aid you in your planning and I faced that challenge too when I was starting.

In Nigeria, if you are starting newly, you don’t get the support of the government unlike what is obtainable around most economies of the world. In the United States where I have some businesses, their economy is based on small scale businesses and that is why they don’t play with them. 

Niger budget $4m for Nations Cup

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Niger national team have budgeted $4m for next month’s Africa Cup of Nations in South Africa, officials have said. Top Niger FA official Sani Mohamed told MTNFootball.com that this budget is more than double what the country spent on their debut appearance at the competition when it held earlier this year in Equatorial Guinea/Gabon. “We are hopeful our budget of about $4m will be approved by government. This is more than twice what we spent for the 2012 Nations Cup.

Austin Ndife, 21, Nigerian footballer dies of cardiac arrest abroad

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Another Nigerian football player reportedly died of cardiac arrest in Nepal on Monday. The player identified as Austin Ndife, 21, was said to be in Nepal on trials and is yet to sign for any club. Reports say he had a heart problem for two weeks before he died while on admission at the Shahid Gangalal National Heart Centre, Bansbari.