Forbes Ten Young African Millionaires To Watch

Jason Njoku of Iroko TV

Written by Forbes writer - Mfonobong Nsehe

There’s no money like young money. While African millionaires and billionaires like Onsi Sawiris, Raymond Ackerman, and Aliko Dangote may have more money than most of us can ever dream of, there’s one thing they can never buy: Youth. Even money has its limits.

But there are a handful of young Africans in their 20s and 30s who have built businesses and amassed enviable million-dollar fortunes. Call them million-dollar babies.

See the top ten after the cut...

DANA PLANE CRASH: How Captain battled with failed engines mid-air

Preliminary report on the Dana plane that crashed on 3rd June 2012 at Iju-Ishaga, Lagos released yesterday by the Accident Investigation Bureau, AIB, said that the Captain tried starting the failed two engines mid-air when the engines packed up and after several failed attempt ''the Capt informed the Flight Officer, FO, "we just lost everything, we lost an engine. I lost both engines".
This is coming as the report said the crash was not caused by contaminated fuel. The plane, a Boeing MD-83, with registration no 5N-RAM on a domestic scheduled commercial flight, operated by Dana Airlines Limited as flight 992 (DAN 992), crashed into a densely populated area during a forced landing following a total loss of power in both engines while on approach to Muhammed Murtala Airport (LOS), Lagos, Nigeria

Reactions trail Appointment of Dame patience Jonathan as permanent Secretary

The Chairman, Nigerian Bar Association, Ilorin branch, Mr. Rafiu Balogu, and leader of Committee of Muslim Organisations, Kwara State, Prof. Shehu Jimoh, on Thursday in Ilorin, described the appointment of the wife of the President, Dame Patience Jonathan as one of the 17 new Permanent Secretaries in Bayelsa State civil service as surprising and shocking.

Accident Investigation Bureau submit preliminary report on Dana Air Crash

The Accident Investigation Bureau has submitted a preliminary report on the crash of Dana Air’s MD83 (5N-RAM) in Lagos on June 3, 2012. The report determines the main facts about flight 992. Read it below..

On 3rd June 2012 about 1545 hours[1], 5N-RAM, a Boeing MD-83, a domestic scheduled commercial flight, operated by Dana Airlines Limited as flight 992 (DAN 992), crashed into a densely populated area during a forced landing following a total loss of power in both engines while on approach to Muhammed Murtala Airport (LOS), Lagos, Nigeria. Visual meteorological conditions prevailed at the time and the airplane was on an instrument flight plan. All of the 153 persons aboard the airplane, including the 6 crew members were fatally injured. There were 10 confirmed ground fatalities. The airplane was destroyed.  There was post impact fire. The flight originated at Abuja (ABV) and the destination was LOS.

Prof Wole Soyinka turns 78

The author, poet, playwright and Nobel Prize winner was born 13th July 1934. There's a lecture at the Muson Centre today to mark his 78th birthday. Wishing him many more happy years ahead!

Man accused of killing his 3 daughters.

A father was arrested over the killing of three young girls in River Falls, Wisconsin, US on Tuesday, police said.

Police were called to a home on Morningside Avenue around 3:30 p.m. local time (4:30 p.m. ET) by the children's mother, who was concerned about their safety after she said the father made statements about their wellbeing.

When officers got there, they noticed the smell of gas in the home and found the bodies of three girls between the ages of five and 11.

man offers his son for sale

A man has been arrested by the police in Ghana for allegedly offering his one-and-a-half-year-old son for sale at the Kokomba Market in Accra for GH¢200,000.The suspect, Mohammed Alhassan, 30, a resident of Sheshawu, near Tamale, was arrested in a hotel at Nungua where he had lured the 22-year-old mother of the child to enable him to steal the boy for the prospective buyer.
His intention was to dope the mother before carrying out the act, for which reason he laced a bottle of malt with some sedatives to make her fall asleep. But it did not work on her.

Graphic photos: The River State Fuel Tanker Accident

photos from the very tragic tanker accident that happened this morning in Rivers State. More than 90 people were burnt to death while scooping fuel from a fallen tanker after the tanker exploded at Okobe in Ahoada West Local Government Area of Rivers State. More photos when you continue...

*Viewer discretion advised*

Bishop David Oyedepo wins N2billion assault case

Bishop Oyedepo this morning won his N2 billion assault case in court after Justice Ojo of the Ogun State high court dismissed the case on the grounds that the application lacked merit and that the 'slapped lady' remains a ghost victim.

A Lagos based lawyer, Robert Igbinedion, had filed a lawsuit on behalf of a girl who was filmed being slapped by the founder of Living Faith Church (Winners Chapel) during a deliverance session a few years back. Mr Igbinedion failed to produce the girl, making it impossible to have a case against the Bishop.

hundreds die scooping fuel as tanker explodes in Rivers State

At least 90 people including women and children were burnt to death early today Thursday July 12th while scooping fuel from a fallen tanker at Okobe in Ahoada West Local Government Area of Rivers State. The fuel tanker crashed into some vehicles and fell, spilling its content but didn't immediately burst into flames. Unfortunately it exploded when residents of the area went to the scene to scoop fuel from the tanker.

Portsmouth FC plans to punish Nigerian star, Kanu

Portsmouth are considering punishing former Super Eagles captain Nwankwo Kanu for his continued absence from club activities while he stays in Nigeria.
The veteran striker missed training for a second day on Tuesday as his teammates took part in a double session at Fratton Park.

The reason for Kanu's action is yet unclear to the club which he led to an FA Cup victory in 2008.

However, with negotiations having stalled over the £300,000 it is claimed he is demanding – by way of a compromise agreement – to rip up the final 12 months of his Blues contract, it appears he has opted to take drastic action.

Robbers invade Skye Bank Port Harcourt yestherday; 2 killed

The vehicle the robbers came in

Four armed men came to rob Skye Bank on Agip Road in Port Harcourt yestherday afternoon. they didn't succeed. Mobile police around the area engaged them in a shootout. Two robbers were killed, two escaped.

Photo when you continue... *Viewer discretion advised*

Patience Jonathan Appointed Permanent Secretary in Bayelsa State

Nigeria's first lady made kind of history yesterday by becoming the first First Lady of Nigeria to be appointed Permanent Secretary in a State civil service.
Mrs Jonathan and 17 others were appointed Perm Sec in the state civil service by the governor of Bayelsa State, Governor Seriake Dickson. The announcement was broadcast on the state radio station yesterday evening Wednesday July 11th.
Explaining their reason for the appointment, the senior special assistant to the governor on media affairs, Mr. Daniel Iworiso-Markson, said that the First Lady was a teacher in the state's civil service and has been on leave of absence since 1999 to join her husband in his political service; first as a deputy governor, governor, vice president, then president. If not for the leave of absence, according to him, Mrs Jonathan would have risen to the status of a permanent secretary by now.

Psquare and Jude Okoye lose mum

The mother of Paul, Peter and Jude Okoye has sadly passed on. Mrs Okoye died last night in a hospital in India where she had been flown to for medical treatment. The nature of her illness was not disclosed. May her soul rest in peace...amen.

FG Insists that youth Corpers will be posted to Violent regions.

Federal Government has overruled the National Youth Service Corps on the redeployment of corps members from troubled states.Minister of Youth Development, Alhaji Inuwa Abdulkadir, said this at a news conference in Abuja on Tuesday. Abdulkadir insisted that corps members would be posted to Borno, Yobe and other troubled states.
His positing supersedes an earlier concession granted to the affected corps members by the Director-General of the NYSC, Brig.-General Nnamdi Okore-Affia.
The DG, had in a statement on July 5 directed corps members posted to Yobe to proceed to Nasarawa State, while those scheduled to have their orientation in Borno were directed to Benue State.
The minister argued that the issue of posting of corps members to states other than their states of origin was enshrined in the relevant laws establishing the scheme.

Fashola Demands N16 Billion refund from the FG over Allocation deductions.

Governor Babatunde Fashola of Lagos, on Tuesday, asked the Federal Government to refund the N16 billion deducted from the state's allocation for investment in power.

Addressing members of the Senate Committee on Privatisation during their visit to Lagos, Fashola said the state had invested in the power project but was yet to get full value for money.

The governor while referring to the AES Powerplants by the Lagos state government in Partnership with the private sector where ove 300mw is Generated and uploaded to the grid without Lagos being able to take advantage of it.

Boko Haram Claims Responsibility For Plateau Killings, Says Christains must accept Islam if they want peace

The fundamentalist Islamic sect, Jama'atu Ahlissunnah Lidda'awati Wal-Jihad, otherwise known as Boko Haram, on Tuesday in a statement claimed responsibility for the mass killings in Plateau State at the weekend.
More than 100 persons were reportedly killed in attacks on three communities in the Barkin Ladi and Riyom local government areas of the state on Saturday and Sunday.

The sect "thanked God for the success of the attacks" and vowed that there was no going back on the jihad (Holy War) it had launched against Christians and the government. It also asked "Christians in Nigeria to accept Islam" as a condition for a ceasefire.

It described as a "new lie" claims by the new National Security Adviser, Sambo Dasuki, that he has an access for a dialogue with its leaders.