Weinstein Scandal:Weinstein Company To File For Bankruptcy

The Weinstein Company has been left with 'no choice' but to file for bankruptcy following the alleged Hollywood sex scandal surrounding film producer Harvey Weinstein.

According to reports, last-ditch efforts to sell the company have ended in failure.

A statement from the board said on Monday: "While we recognise that this is an extremely unfortunate outcome for our employees, our creditors and any victims, the Board has no choice but to purse its only viable option to maximise the Company's remaining value: an orderly bankruptcy process.

"Over the coming days, the Company will prepare its bankruptcy filing with the goal of achieving maximum value in court he.was fired from the company last October with allegations that he had sexually harassed and abused women employed by the studio.

Head of the company, Weinstein's brother Robert, is accused of failing to prevent the mistreatment of staff, along with other senior executives.

The news comes just days after Weinstein apologised to Meryl Streep and Jennifer Lawrence for citing their
names in an attempt to get a class action lawsuit against him dismissed.

Jennifer hit back at the disgraced producer, calling him a "predator" after Weinstein's lawyers used favourable quotes about him from the Hollywood stars.

Olamide Mobbed In Germany For Performing Just For 20 Minutes

                          

Nigerian Indigenous rapper, Olamide, was dragged into a near fight incident by an aggrieved lady who wasn’t pleased with the way his concert in Germany turned out The lady stormed Olamide’s hotel room in Germany to express her feelings, calling him coward for performing for just 20minutes at his concert. She was however stopped from going further by Olamide’s bodyguards, and the tour promoters who tried to salvage the incident.

Few weeks ago, Rapper Olamide Adedeji announced that he will be embarking on a performance tour in Europe this February. Tagged ‘Culture Europe Tour’, the tour will take place from February 2 to March 10.

The YBNL head honcho is expected to perform in 14 cities.

Here’s the video below;

Man Throws Wife & Daughter Out In Lagos, Says She Can't Bore Me A Son [Photos]

A man has sent his wife and his 10-year old daughter out f his house, saying it's her fault that she has been unable to bore him a son and brought in a new wife. According to the woman, he sent them out in the middle of the night and she has been sleeping in front of a bank at Anthony bus stop. She wants to relocate back to her state, Imo State but presently have no money or even a place to live in Imo State.

Prince Gwamnishu Harrison, a Facebook user who found them narrates the story...

TEARS SEEING MOTHER AND CHILD SLEEP IN FRONT OF BANK IN LAGOS.

Arrived Lagos State this morning at 2:07am and surprise to see a woman and her 10yr old daughter sleeping in front of a Bank.

I observed them from afar, came closer to avoid waking a mad woman. I woke them up and ask to know why they were sleeping in such a place.

she opened up and told me she has been sleeping there for two nights.

HER STORY

“Trouble started when my husband brought in a new wife because i couldn’t have a male child. Last week Saturday at about 1:00am, he woke me and my Daughter (Amara), told us to leave his house in presence of his new wife. I didn’t utter any word, no fight, he helped me parked my things out and that of my daughter. My luggage was much so I left some at the Security Post. I had nowhere to go at that ungodly hour except traveling back to Imo State but have no transport and even where to stay in Imo State”. (Story Cut)

Her story touched my inner heart and gave out few Naira for her to transport herself back home. I would have love to see her husband but am not a marriage counselor.

Lagosians, her new home is Anthony Bus-Stop. Can we lift her burden?

Business Woman Bola Shagaya In Legal Battle With EFCC Over Frozen Cash

The Economic and Financial Crimes Commission on Monday urged the Federal High Court in Lagos not to unfreeze a Unity Bank account with a balance of N1,902,673,399.93 belonging to a business woman, Hajiya Bola Shagaya.

The anti-graft agency claimed that the N1.9bn was the balance of a total of N3,305,150,000, which Shagaya received as “founder fees” on behalf of an organisation, “Women for Change” being spearheaded by a former First Lady, Mrs. Patience Jonathan.

The EFCC claimed that the N3.3bn was realised through Shagaya’s “fraudulent activities in the Nigerian National Petroleum Corporation,” where she allegedly “influenced the fraudulent allocation of Dual Purpose Kerosene to Index Petrolube Africa Limited, with the aid of the former First Lady, Mrs. Dame Patience Jonathan.”

According to the EFCC, the N3.3bn was paid by the Index Petrolube Africa Limited and its sister company, Autodex Nigeria Limited.


The two companies, it said, belong to one Honourable Ezeani ThankGod, adding that the reason for the N3.3bn payment was to “fraudulently facilitate Dual Purpose Kerosene to ThankGod’s company, Index Petrolube Africa Limited.”

The anti-graft agency claimed that out of the N3.3bn, Shagaya had “paid a cumulative sum of N1,212,000,000 to the former First Lady, Mrs. Dame Patience Jonathan, through her ‘Women for Change Initiative’ account domiciled in Diamond Bank, to which the former First Lady is the sole signatory.”

It said after paying N1.2bn to Patience, Shagaya kept the balance of N1.9bn for herself by “warehousing” same in her personal bank account in Unity Bank.

The EFCC said it was on this basis that it secured an order of Justice Muslim Hassan of the Federal High Court in Lagos on December 29, 2016 to freeze the account.

It, therefore, begged Justice Oluremi Oguntoyinbo of the same court not to unfreeze Shagaya’s account, so that Shagaya would not “use this honourable court as a shield against criminal investigations and prosecution.”

These were contained in a counter-affidavit filed by the EFCC in response to an originating summons filed by Shagaya, urging the court to give her access to her Unity Bank account, which had been frozen since December 29, 2016.

Shagaya, through her lawyer, Mr. Napoleon Emeaso-Nwachukwu, contended that she was not given a fair hearing before Justice Muslim Hassan made the freezing order.

She urged Justice Oguntoyinbo to set Justice Hassan’s order aside by declaring it unconstitutional, null and void “as same violates the applicant’s right to own movable property as guaranteed by Section 44(1)(k) of the 1999 Constitution of Nigeria.”

In a 19-paragraph affidavit deposed to by one Sulaiman Aliu, Shagaya expressed concern that the ex parte freezing order made by Justice Hassan appeared, otherwise, to be final as the judge “did not give any return date for further proceedings and did not avail the applicant, who was the respondent therein and owner of the attached properties, a hearing.”

She said there was no criminal charge against her before and after the freezing order was made to justify her being denied access to her account by the EFCC.

She added, “The order of this honourable court made on the 29th of December, 2016 by Honourable Justice M.S. Hassan deprived the applicant of her property without recourse to laid-down procedure and due process of law.

“The ex parte order made to last pending the determination of an investigation, which is devoid of a time certain and indefinite in nature, is oppressive and a violation of the applicant’s rights to fair hearing, presumption of innocence and right to her property.”

She said since “the unlawful freezing of the applicant’s account by the respondent, the applicant has not been able to transact with that account due to her inability to access same and this has caused her business losses and opportunities.”

She said it would be in the best interest of justice to grant her access to her account.

But the EFCC, in opposition, argued that Justice Oguntoyinbo lacked the power to sit as an appellate court over Justice Hassan’s decision, describing Shagaya’s originating summons as an abuse of court processes.

It accused Shagaya of filing the originating summons “so as to impede the proper dispensation of justice and thus avoiding criminal investigations and possible prosecution.”

After entertaining arguments from the EFCC’s lawyer, Idris Mohammed, and Shagaya’s lawyer, Emeaso-Nwachukwu, on Monday, Justice Oguntoyinbo adjourned till May 17, 2018 for judgment.

Bill Cosby’s daughter Ensa dies at 44 from renal disease

Bill Cosby’s daughter Ensa Cosby has died from a renal disease. She was 44. The cause of her death is unknown, although told she had significant medical issues in the past. According to TMZ, which broke the news, Ensa had a history of medical problems and was possibly awaiting a kidney transplant.

Daughter Evin Cosby, 41, came out in their father’s defence at the same time.

Bill Cosby and his wife, Camille, married in 1964 and are also parents to Erika, 52 and Erinn, 51, who also issued a statement defending her father.

Their son Ennis was murdered at the age of 27 in a failed robbery attempt in Los Angeles in 1997.

“The Cosby Family thanks many people for their prayers for their beloved and beautiful Ensa, who recently died from renal disease,” he said in a statement.

Ensa was a strong defender of her father, last year saying that though she had chosen to live her life out of the spotlight, “for my child, my niece, my nephew, and my father, I cannot sit quietly anymore.