Day: June 14, 2017

Ronaldo accused of 15 million euro tax fraud by Spanish prosecutor

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Real Madrid star Cristiano Ronaldo faces a lawsuit filed on Tuesday by the prosecutor’s office in Madrid for allegedly defrauding Spanish tax authorities. The Portugal captain was accused of not paying about 14.7 million euros (about N7.5 billion) tax between 2011 and 2014. The prosecutor’s office said in a statement that the Real Madrid forward had knowingly used a business structure created in 2010 to allegedly hide his image rights income in Spain. This involved a “voluntary’’ failure to comply with his tax obligations in Spain, the statement from the…

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Anti-Igbo threat: Osinbajo vows to clamp down on troublemakers

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The acting President, Yemi Osinbajo, on Tuesday, read the Riot Act to all those beating the drums of war across the country, saying the full force of the law would be applied where necessary. Osinbajo gave the warning while addressing leaders of thought from the northern part of the country at the Presidential Villa, Abuja. The meeting, which was held behind closed doors, was called in the wake of the recent notice to quit some youths from the northern part of the country handed down to people from the South-East…

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Nigeria, biggest recipient of payment from Shell in 2016

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Global oil giant, Royal Dutch Shell Plc, said on Tuesday that it paid $3.638bn to the Nigerian government last year for its activities in the country. Nigeria’s revenue from the oil major was the highest out of the 31 countries to which Shell made payments last year. Shell, in its ‘Report on Payments to Governments for the Year 2016’ released on Monday, said it paid $2.172bn to the Nigerian National Petroleum Corporation as production entitlement. The oil major said $1.18bn was paid to the Federal Inland Revenue Service as taxes,…

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Democrats in Congress to sue Trump over foreign business dealings

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WASHINGTON — Nearly 200 Democratic members of Congress are expected to file a federal lawsuit on Wednesday accusing President Trump of violating the Constitution by profiting from business dealings with foreign governments. The plaintiffs — believed to be the most members of Congress to ever sue a sitting president — contend that Mr. Trump has ignored a constitutional clause that prohibits federal officials from accepting gifts, or emoluments, from foreign powers without congressional approval. It is the third such lawsuit against Mr. Trump on the issue since he became president,…

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People trapped in London towering inferno

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More than 200 firefighters are tackling a massive blaze at a 27-floor block of flats in London, with reports of people trapped in their homes. Forty engines were called to the 27-storey Grenfell Tower at just after 1.15am on Wednesday, on the Lancaster West Estate, north Kensington. Police say a “number of people are being treated for a range of injuries”, including smoke inhalation, as pictures from the scene showed flames shooting metres into the sky and engulfing most of the block. Actor and writer Tim Downie, who lives around…

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Verizon completes $4.48 billion purchase of Yahoo, ending an era

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SAN FRANCISCO — Goodbye, Yahoo. Hello, Oath. Verizon Communications, the wireless powerhouse that was a cluster of local phone companies when two Stanford University graduate students began compiling the Yahoo web directory in 1994, completed its purchase on Tuesday of Yahoo’s internet business for $4.48 billion. Yahoo, which once had a market value of $125 billion, will be combined with AOL, another faded web pioneer it bought in 2015, into a new division of Verizon called Oath. Oath, headed by AOL’s chief executive, Tim Armstrong, will have about 1.3 billion…

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$1.2bn polio eradication fund for Nigeria excites UNICEF

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The UN Children’s Fund (UNICEF) and the World Health Organisation (WHO) have commended the 1.2 billion dollars funding initiative to eradicate polio disease in Nigeria, Afghanistan and Pakistan. UNICEF Executive Director, Anthony Lake, and WHO Director-General, Margaret Chan, gave the commendations as global health leaders reaffirmed their commitment to fund the eradication of polio in the countries. The major pledges included 75 million dollars from Canada, 61.4 million dollars from the European Commission, 55 million dollars from Japan, and 30 million dollars from Sheikh Mohamed Al Nahyan, Crown Prince of…

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