News
Warren Buffett’s $143 Billion Fortune to Be Donated After His Death
Warren Buffett, the 6th richest person in the world, has chosen to donate his entire $143.1 billion fortune to charity after his death.
His three children, Howard, 69, Susie, 71, and Peter, 66, will be in charge of distributing the money to charities of their choice over the course of 10 years.
Howard, set to become Berkshire Hathaway’s nonexecutive chairman, acknowledged the challenge, stating, “It’s not so easy to give away money if you want to do it smart.”
Despite the difficulty, he expressed gratitude for the opportunity, noting that they would work together as a family to ensure the funds are used wisely.
Since 2006, the siblings have donated over $15 billion of their father’s money through their own foundations.
Howard also emphasized that he believes wealthy people should give away their fortunes during their lifetimes, rather than leaving it in perpetual foundations.
News
The Police Service Commision Approves The Promotion Of 8,053 Officers
The Police Service Commission approves the promotion of 8053 police officers in the Nigeria Police Force. On Monday 11 commissioners were promoted to Assistant Inspectors General while 16 Deputy Commissioners were moved to Commissioners.
Promotion also happened among the Assistant commissioners, Chief Superintendents, Deputy Superintended and so on.
Additional promotions included Aminu Mohammed Abdulkadir, Mohammed Yusuf Adamu of Base 3 SPU, and Isa Ibrahim Umuoru from Border Patrol. Officers such as Omoarebun Iluobe, CSO to the Delta State Governor, and Shaaba Gboyako Adamu, CSO to the Imo State Governor, were also promoted.
News
Andrew and Tristan Tate Lose Over £2 Million in Seized Funds Amid Tax Evasion Allegations
Westminster Magistrates Court has ruled against Andrew Tate and his brother Tristan, leading to the seizure of over £2 million from their accounts due to unpaid taxes linked to their online businesses.
The funds, held in seven frozen bank accounts, were traced to the Tates and a woman identified as J. Authorities allege the brothers funneled substantial sums, including cryptocurrency, through accounts in J’s name, despite her lack of involvement in their ventures.
Chief Magistrate Paul Goldspring described the scheme as a “straightforward cheat of the revenue,” uncovering years of alleged tax evasion and money laundering. Devon and Cornwall Police revealed the brothers accrued millions between 2014 and 2022 without paying taxes or VAT.
Andrew Tate, however, criticized the ruling, claiming it is part of a “coordinated attack” to silence dissent. “This is not justice; it’s theft disguised as legal action,” Tate said in a statement.
The brothers are also facing separate criminal charges in Romania, including allegations of human trafficking and rape, and are set to be extradited to the UK.
News
Akpabio Defends Tinubu’s Tax Reforms, Urges Critics to Engage Thoughtfully
Senate President Godswill Akpabio has defended President Bola Tinubu’s tax reforms, calling on critics to engage with the initiatives more thoughtfully.
Speaking during Tinubu’s presentation of the 2025 budget, Akpabio praised the four tax reform bills as a monumental step toward revitalizing Nigeria’s economy.
He described the reforms as the first comprehensive tax overhaul since independence, aimed at boosting revenue, supporting small businesses, and fostering sustainable development.
Akpabio criticized detractors for dismissing the reforms without understanding their potential impact and urged all Nigerians to embrace this transformative opportunity.
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Andrew and Tristan Tate Lose Over £2 Million in Seized Funds Amid Tax Evasion Allegations