Author: News Room

Ken Griffin’s hedge fund Citadel plans to reopen its Tokyo office later this year, almost a decade and a half after shutting down its Japan operations during the global financial crisis.The hedge fund, which manages $54bn in assets, is applying for licences to operate in Japan’s markets and expects to gain approvals before the end of this year, according to three people familiar with the matter.The expansion by Citadel, among the world’s biggest hedge funds by assets under… Read the full article here

Sam Bankman Fried’s new petition to have his legal expenses reimbursed has been met with fierce objection from lawyers representing the crypto exchange and its creditors committee.As per previous reporting by Cointelegraph, Bankman-Fried’s lawyers had filed a motion on March 15 seeking to have his court costs covered by directors and officers (D&O) insurance policies, which if approved by the judge would see him placed at the top of the payout queue.Defense costs are covered in most… Read the full article here

It’s amoré! Hoda Kotb and Al Roker shared a Disney moment while enjoying a candy bar together on the Today show.  “We heard y’all: Al is eating the PayDay — and sharing it with @hodakotb,” the morning show’s official Twitter account wrote during the Wednesday, March 29, episode alongside a clip of Roker, 68, with his favorite snack — a giant PayDay bar. While the weatherman initially said the candy didn’t look appealing, Twitter users rallied for Roker to… Read the full article here

The Federal High Court in Abuja on Wednesday convicted Umar Hussaini, formerly a lawyer to ex-Comptroller-General, Nigeria Customs Service (NCS), the late Abdullahi Dikko. The judge, Ijeoma Ojukwu, sentenced Mr Hussaini to seven years’ imprisonment, but with an option of N100 million fine. She found Mr Hussaini guilty of counts of obtaining money by false pretence contrary to and punishable under the Advance Fee Fraud and Other Related Offences Act, 2006. The News Agency of… Read the full article here

The National Assembly on Wednesday, prescribed a five-year jail term against any accounting office who makes on demand account books inaccessible to the Auditor-General of the Federation. The prescription followed the passage of the Federal Audit Service bill with the upper chamber in agreement with the lower chamber on the proposed legislation. Senate Leader, Senator Ibrahim Gobir, however, moved the debate for the concurrence which the Senate okayed after dissolving to the committee of… Read the full article here

Senator Shehu Sani has said the outcome of the presidential election would not have favoured the Peoples Democratic Party, PDP, even if the party’s Chairman, Iyorchia Ayu, had resigned. The social commentator stated this in a tweet while reacting to the current leadership crisis rocking the main opposition party. At least five governors elected under the PDP had, prior to the general elections, demanded Ayu’s resignation as the only condition to work for the party’s presidential… Read the full article here

The 73-year-old grandmother who set her son, Victor, daughter-in-law, Rachael and her two grandchildren ablaze in Ondo State is dead. The septuagenarian, Iforiti, gave up the ghost two weeks after the incident that occurred in the Aponmu community of Akure South Local Government Area of the state. According to sources, the grandmother labelled a witch in the community, was also affected by the fire. Five days after the incident, she was said to have been taken to the hospital for treatment… Read the full article here

Arsenal legend, Tony Adams, has told Mikel Arteta that he must keep six of his players fit, if they are to win the Premier League title. The Gunners sit eight points clear of second-placed Manchester City at the top of the table, although Pep Guardiola’s men do have a game in hand. Adams, who believed it is important that Arsenal do not lose some specific players in the title race to the end of the season, told the UK Sun: “The back-up players looked bang average and were played off the… Read the full article here

The African continent currently holds investable wealth worth USD 2.4 trillion, and according to the recently published 2023 Africa Wealth Report by Henley & Partners in collaboration with New World Wealth, the population of millionaires is expected to increase by 42% over the next 10 years. The report indicates that Africa’s ‘Big 5’ wealth markets, namely South Africa, Egypt, Nigeria, Kenya, and Morocco, together make up 56% of the… Read the full article here

Governors-elect of Rivers State, Siminialayi Fubara; Delta State, Mr Sheriff Oborevwori; and Taraba State, Lt. Col. Agbu Kefas, as well as other states, on Wednesday, received their Certificates of Return from the Independent National Electoral Commission. INEC’s National Commissioner supervising Akwa-Ibom, Bayelsa, and Rivers states, Mrs May Agbamuche-Mbu, in Port Harcourt, handed over the certificates to Fubara; his deputy, Ngozi Odu; and the 32 members-elect of… Read the full article here