Florence Seriki shuts down Omatek,owes N700 m in debt

Omatek computers boss,Florence seriki is back in the news but this time..it's not for a good reason.

Seriki is in serious financial trouble, she has shut down her company HQ in Victoria island, Lagos and has closed all her other branches due to Debt.

The troubled socialite owes her staff over 20 months salaries and they are still pressuring for payment particularly high earners that were booted out to cut cost.some of the unpaid staffers are tinkering with the idea of dragging the woman to court.

She allegedly acquired her VI office with a controversial sum of money totaling N700 million.she got the loan from Afribank(now mainstreet bank).

James Ibori loses court appeal

Jailbird and former governor of Delta state , James Onanefe Ibori has lost a court appeal to reduce his 13 year jail sentence.

Presiding Judge, Antony Edwards-Stuart rejected the argument at the appeal hearing and said money laundering should attract close to the maximum 14-year sentence.

Ibori pleaded guilty to 10 charges of fraud and money-laundering in February 2012 and was sentenced to 13 years in prison.The disgraced governor allegedly embezzled 50 million pounds and according to a london court...the loot was used to acquire several foreign properties and a fleet of elegant cars.

photo of the day!

Comedian Klint d'drunk and his beautiful wifey.....love is a sweet thing...:-)