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Obituaries

Afenifere spokesman, Yinka Odumakin is dead

The Publicity Secretary of the Pan-Yoruba socio-cultural group, Afenifere has passed on.

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Yinka Odumakin, the Publicity Secretary of the Pan-Yoruba socio-cultural group, Afenifere has been reported dead.

According to media reports, he died at the Lagos State University Teaching Hospital (LASUTH) after a brief illness.

The death of the Afenifere spokesman, which was reported to have occurred at the LASUTH isolation centre was confirmed by his wife, Mrs Joe Okei-Odumakin.

The wife said, “A part of me is gone. A part of me is gone. He fought hard at the intensive care unit. Pray for me to survive this. My love is gone.

“He was OK before. Even on March 10, he was still attending meetings. He was recovering yesterday but he died this morning. I am at the intensive care unit. A part of me is gone.”

Also confirming his death, the Minister of State for Labour and Employment, Festus Keyamo, in an early reaction, said, ‘’Yinka’s death is a personal loss to me. Himself and the wife, Joe, have been my long-time friends and allies. I knew them separately before they met and got married. I just called the wife’s line and they’re still at the hospital. My deepest condolences to Josephine and the Odumakin family.’’

Details later…

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [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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