Viral Gists
Billionaire Femi Otedola Knocks Jim Ovia, Exposes Fraudulent Transactions In Zenith Bank
Femi Otedola tackles Jim Ovia, exposes ‘fraudulent transactions’ in Zenith Bank account.
The Cable understands that the face-off between Femi Otedola, billionaire businessman, and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion naira fraud has taken a turn for the worse.
Otedola had accused Zenith Bank of unlawfully using the account of his company, Seaforce Shipping Limited, to trade in 2011 without his knowledge or consent.
Although this and other allegations are being investigated by the Force Criminal Investigation Department (FCID) of the police, moves are being made to resolve the matters amicably.
The Cable has contacted Ovia and Zenith Bank for comments.
Despite having not been operated since 2010, Seaforce Shipping’s account continued to be used for trading — completely unknown to Otedola, according to his petition to the police.
Although Otedola said Seaforce never applied for nor took a loan from Zenith Bank, unauthorised trading running into billions of naira continued on the account.
When asked to provide documentation — including offer letters to support the grant of the said loans — Zenith Bank reportedly failed to do so.
Otedola discovered the suspicious activities only recently — 13 years after the transactions — when he was tipped off by a whistle-blower in Zenith Bank.
When he confronted Zenith Bank’s officials, TheCable learnt, they apologised.
Otedola produced a letter written on March 19, 2018, by Zenith Bank to Shofolawe-Bakare & Co, Seaforce’s auditors, stating a debt of only N2,278,420 on the same account, as against the N5 billion recorded in the bank statement seen by TheCable.
Curiously, on the day the letter was written, the bank statement showed a debt of N2.9 billion — compared to the N2 million stated in the letter signed by Taofik Bashir (internal audit control) and Edwin Kind Olie (group head, telecom).
Transactions of over N16 billion were recorded against Seaforce’s account from 2011 to 2024.
Otedola queried who made the payments to reduce the purported debt from N16,927,628,581.84 to N11,010,924,522.71 because he was not in the know of the deal.
A short-statured Ghanaian woman has sparked online debate after making contentious remarks regarding her romantic relationship preferences.
During a recent interview with De God Son TV, the diminutive lady expressed her aversion to dating guys of shorter height despite her diminutive Ghanaian woman. She remarked that short men do not match her “specifications” for relationships.
When questioned about her explanation, she stated that she sees shorter men as resembling infants, even though they are adults.
“I have a 7-year-old son, so dating a short man feels like dating my son,” she explained, finding parallels between her personal and romantic lives.
Watch the video below.
Once again, Nigerian singer Davido has made headlines for proving his status as a rich man with two luxury cars entering Nigeria: a Rolls-Royce and a Tesla Cybertruck.
The musician posted a picture of the trip on social media, his pure white Rolls Royce parked on the runway, ready for shipment.
Another photo depicted the Tesla Cybertruck being loaded into an aircraft to verify the truck’s arrival in Nigeria.
Cubana Chief Priest, another close associate and entrepreneur, also saluted the new cars with an Instagram image. He congratulated Davido on his feats, dubbed him the “GOAT,” and hinted at a festive December with new vehicles added to the singer’s collection.
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Viral Gists
”Coming Out As HIV Positive Was Harder Than Coming Out As Gay”- Gay Rights Activist, Bisi Alimi (VIDEO)
Gay rights activist Bisi Alimi, in a podcast, narrated how he was scared of coming out to declare his sexual orientation, whereas the stigma attached to being HIV positive was harder than coming out as gay.
Coming out as HIV positive was harder than coming out as gay — Gay activist Bisi Alimi
Bisi further added that an average man expects to follow a predefined path of growth, which includes teenage years through university level, to get a degree and a job.
He noted that he couldn’t follow the predefined path of growth, which was why he came out to declare his sexual orientation.
Bisi Alimi further said that his making his sexual orientation public doesn’t mean he did to throw a party, but rather to shun all expected people placed on him.
”I am not coming out to spite you; I have been gay since way back; I didn’t just become gay yesterday.”
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To watch the complete conversation, see the video below.
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