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Obituaries

Updated: Senator Bayo Osinowo Is Dead

The Senator who is popularly known as ‘Pepperito’ Osinowo died at 65 from an unknown illness.

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Senator representing Lagos East Senatorial district, Adebayo Osinowo, is dead.

The Senator who is popularly known as ‘Pepperito’ Osinowo died on Monday June 15, at 65 years-old.

Until his death, he was the Senator representing Lagos East senatorial constituency at the National Assembly, and also serving as the Chairman, Senate Committee on Commerce, Industry and Investments. 

The cause of his death is yet to be made public, although family sources quoted stated that he died after a brief illness.

READ MORE: Senate reintroduces ‘social media use’ bill, to impose 3 years imprisonment, N10 million fine 

Before winning the Lagos East Senatorial District election on February 23, 2019, he was a four-time member of the Lagos State house of assembly, representing Kosofe constituency.  

Osinowo’s political career began in the second republic serving when he served as a youth Chairman of the Social Democratic Party (SDP), under Late Moshood Kashimawo Abiola. 

He earlier worked as a land officer with the Federal Ministry of Works, Lagos State 

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He was the Managing Director at NITAL International for 17 years, and Managing Director at NIMCO International Co. Ltd for almost 13 years.  

He also worked as Managing Director, at Extreme Piling and Construction Company Ltd, before venturing into politics.  

British airways

 

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Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career.As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]

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Around the World

Chad’s President Deby dies of injuries suffered on the frontlines, as son takes over

The President had visited the frontlines to share his election victory with the soldiers before the unfortunate incident.

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President Idriss Deby of Chad has died of injuries suffered on the frontlines when some terrorists attacked the army. The President had visited the frontlines to share his election victory with the soldiers before the unfortunate incident.

The departure of the newly re-elected President was disclosed by the AFP News Agency on Tuesday through its Twitter handle.

It tweeted, “#UPDATE Chad’s newly re-elected President Idriss Deby Itno, in power for three decades, died Tuesday of injuries while fighting rebels in the north of the Sahel country, the army says.”

Meanwhile, a four-star general who is a son of Chad’s slain president Idriss Deby Itno will replace him at the head of a military council, the army announced Tuesday.

“A military council has been set up headed by his son, General Mahamat Idriss Deby Itno,” the army’s spokesman, General Azem Bermandoa Agouna, said on state radio, shortly after the announcement that the newly re-elected president had died of wounds while fighting rebels in the north of Chad.

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Billionaire Watch

Bernie Madoff, mastermind of the historic $65bn investment fraud dies at 82

Bernie Madoff passed away today at the Federal Medical Center in Butner, North Carolina.

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The man behind what has been described by many as the biggest fraud attempt in US history has passed away in government custody.

Bernie Madoff was the architect of the biggest Ponzi scheme attempt in the United States. He was a famous Wall Street fellow who at a certain time was the Chairman of Nasdaq and CEO/Founder of the Wall Street firm, Bernard L. Madoff Investment Securities LLC.

Bernie Madoff defrauded about 37,000 people in 136 countries over 4 decades according to US investigators. Included in his victim list are prominent Americans like movie director Stephen Spielberg and former New York Mets owner Fred Wilpon.

READ: Anti-virus creator, John David McAfee charged for U.S tax evasion

Bernie Madoff and the US Govt

Bernie Madoff was arrested on December 11, 2008, following tip-offs. He pleaded guilty to 11 federal crimes and admitted to operating the largest private Ponzi scheme in history. He was sentenced to 150 years in prison with restitution of $170bn.

Death 

Bernie Madoff passed away today at the Federal Medical Center in Butner, North Carolina. His death was confirmed by the Federal Bureau of Prisons.

Madoff died apparently from natural causes, the AP reported, citing an unidentified person familiar with the matter. He would have turned 83 on April 29.

What you should know 

  • Restitution is a payment made to compensate a victim for financial losses related to a crime.
  • Bernie Madoff’s family was badly affected by his fraud case. His older son Mark committed suicide according to CNBC.
  • JP Morgan Chase, the primary bank of Bernie Madoff was forced to pay $2.6bn to the US government in settlements.

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