Gist Arena

Heritage Bank Plc is currently stuck in a debilitating liquidity situation; SaharaReporters has learned. Our sources disclosed on Monday that the bank is unable to meet customers’ immediate withdrawal requests and has wiped out all foreign currency domiciliary accounts through physical theft of cash by the bank's directors. First Bank Plc, which handles Heritage Bank's universal clearing activities, has threatened to blacklist the bank and stop further clearing transactions if its outstanding deficit of over N5billion is not cleared. At the weekend, at a meeting held at a secret location between the Managing Director and some top management staff, it was resolved that the Managing Director and two Executive Directors should resign their appointment for their role in throwing the institution into distress.  Sources said the bank's operations in the Northern part of the country region are sustained by one customer, Rano Oil Limited, which maintains a d...

Congratulations are in order for Nigerian boxer, Oluwafemi Oyeleye, who has just signed a promotional contract with Mayweather Promotions, LLC, a boxing promotional firm founded by former American professional boxer; Floyd Mayweather, Jr. Oluwafemi took to his Facebook page to share the good news; ‘I'm happy to announce to the world and my friends who have been asking me who I signed with that i signed with Mayweather promotions. Also wanna say a very big thanks to my promoter floyed mayweather jr for believing in me and my team @teameagle. I can't wait for December 2nd. #TMT #mayweatherpromotions #lagosnigeria #teameagle’ he said. Congratulations!

A golden pheasant in China has become an internet sensation because some Chinese people seem to see a striking resemblance between the bird’s hairstyle and that of Donald Trump. Pictures of the animal became widely shared on Chinese media today after a journalist from Hangzhou area of China, took a picture of the male bird and pointed out the 'striking similarity' between him and the US President-elect. The keeper of the bird, Mr Gao, who works for Hangzhou Safari Park in eastern China, where the five-year-old bird live, told MailOnline that he was surprised to hear the news, however he had begun to notice the resemblance between the two:  'I had not noticed the likeness in the past because I had not paid particular attention to the pheasant's hairstyle. 'But after Trump was elected President of America, I start seeing more pictures of him and I think the pheasant looks a little bit like him. Chinese internet users have been amused by a coll...

A new video of Bishop Daniel Obinim delivering Ghanaian actress Benedicta Gafah has emerged on the Internet. In the video which was posted on Youtube last weekend, the controversial Bishop of International God’s Way Church who has an outstanding court issue for assaulting two teenagers after they had premarital sex, was heard warning the Kumawood actress not to swim again. According to the pastor before delivering the actress, some animals and a certain marine spirit wanted to take her life away. He said that they were 'ready to 'snatch her like the way hiplife artiste Castro disappeared while jet skiing two years ago'...Watch the video below

The Economic and Financial Crimes Commission, EFCC, on today, November 14, 2016, continued the examination of its first prosecution witness, Alade Oluseye Sunday, on a case of alleged fraud against Abiodun Agbele, an aide to the Ekiti state governor, Ayodele Fayose, before Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja. According to a statement released by the agency, Alade, a manager and Branch Head of the Zenith Bank Plc., Akure, whose evidence started on Thursday, October 27, 2016, maintained that the sum of N1, 219,490,000 (one billion, two hundred and nineteen million, four hundred and ninety thousand naira) conveyed to the bank via two aircrafts were handed over to him by the first defendant (Agbele). He said; "The money was mostly in N1000 notes while the rest were in N500 notes. Agbele gave us the instruction to transfer the monies to different accounts. Some were paid into De Privateer Limited, some into Spotless investment limited while...

A Swedish firefighter Lasse Gustavson, who has lived with severe burns on his face for almost 35 years, has received an apology from Facebook after they deleted a photo he shared on the social networking site. Gustavson, who recently turned 60, shared a photo to celebrate his birthday & his friend,  Lindeblad reposted the photo, which was immediately taken down by Facebook's policy monitoring team. The picture was posted again and in minutes got 200 likes, Facebook took down the photo again and upon his third attempt to upload the photo, he explained his ordeal of how Facebook took down his photo, it was shared more than 30,000 times  in three days , an action he described to CNN as a form of "public protest." "Very '1984,' " he said of the action. "I was shocked, I didn't think it would go so viral," he said in an email. "A few Swedish people with severe burn damage contacted me and explained that...

Senior Special Assistant to President Buhari on Media and Publicity, Shehu Garba yesterday warned that Nigeria could face famine in January if drastic steps are not taken now.‎ Garba who gave the warning when he spoke at a radio station in kano yesterday, said Nigerian farmers are exporting most of their food products instead of making it readily available for consumption in Nigeria. "Huge demand for our grains in the global market is creating an excellent environment for the mindless export of Nigerian grains across our borders and unless this is curtailed, Nigerian markets will be bereft of food by January next year. ‎ Over the past year, Providence has blessed Nigeria with a bountiful harvest of grains, more than enough to feed the country and to export to other countries. At present, there is a high demand for grains from Nigeria, from African countries as distant as Libya and Algeria, and from places as far away as Brazil. However, the ministry of agricult...

If you haven't heard the story yet, let us summarise. Oritsefemi went to Quilox nightclub on Friday night, got into a fight with one of the bouncers. He broke a wine bottle on the bouncer's head, cutting his face and other bouncers pounced on Oritsefemi, beating him to a stupor. The singer just shared a photo of himself in hospital, writing to his fans. He asked for fogiveness and admitted acting unruly. He wrote;  Hello my lovely fans, I know a lot of you have been waiting to hear from me directly. Let me start by saying I'm sorry for disappointing you all. I have never been involved in any altercation before now. I love peace and I would never hurt anyone knowingly. Things got out of hands and I reacted badly, it was a mistake, and I take the blame. I'm human and at that moment I acted unruly. I want to thank you all for your support over the years and I understand if you are angry with me, I'm sorry. Please forgive me. Thank you to thos...

He was released from EFCC detention yesterday after fulfilling his bail condition.

Kenya police raided a house in Kayole area, Nairobi on Friday, November 11th and arrested a Nigerian involved in printing fake US dollars. Over 860,000 fake US currency (pictured above) were recovered in the operation. The police conducted the raid after receiving credible intelligence that he was in possession of the fake dollars. The Nigerian was taken to custody as hunt for his accomplices continues. Police suspect more of the fake papers had been supplied to the market. Unit head Noah Katumo said such money is used for political campaigns in the country and affect the economy.

Lt. A.K Shekoni (pictured above) was killed during an operation against Boko Haram members a few days ago. His body, which was missing after the attack, was found yesterday in the forest. He was the only Son of his Parents. So Sad! May his soul rest in peace Amen. Photo credit: El-masjid Abdul Umar