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BREAKING! Owner of FedEx, Smith found dead

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By Kayode Sanni-Arewa

Fred Smith, the billionaire founder of revolutionary delivery firm FedEx, has died at the age of 80.

FedEx started up in in 1973 delivering small parcels and documents more quickly than the postal service.

Smith oversaw its growth to a behemoth of the industry, relied upon by other companies all over the world.

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The business now delivers a staggering 17million parcels every day.

His cause of death is yet to be confirmed.

After Smith graduated Yale University, he used a business theory he developed in college to create a delivery system.

His approach became known as a “hub and spokes” system, and was based on coordinated air cargo flights centered around a main hub.

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At the start, FedEx had 14 small aircraft operating out of the Memphis International Airport flying packages to 25 American cities.

Smith, worth $5.3billion at his death according to Forbes, was also known for his philanthropy.

He stepped down as FedEx’s CEO in 2022, but remained at the helm as executive chairman.

Memphis’s former mayor Jim Strickland hailed him as “the most significant Memphian in history”.

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Strickland said: “He benefited our city in every way possible and allowed generations of Memphians to achieve the American dream.

“God bless Fred Smith. My condolences to the Smith family.”

He donated millions of dollars to the Marine Corps Scholarship Foundation – after serving for four years in the Marine Corps himself.

In an 2023 interview, he said that all the experience he used to run FedEx came from his experience in the Marines, not what he learned at Yale.

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Politicians and commercial figures have paid tribute to the legendary businessman.

Tennessee Senator Marsha Blackburn said: “I am deeply saddened by the passing of Fred Smith.

“As the founder of FedEx, his leadership and innovation transformed global commerce, and he will be remembered for his relentless drive, patriotism, and commitment to service.

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Saudi Arabia ‘s Aramco Helicopter Crashes, Kills 14

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A helicopter crash in Saudi Arabia killed 14 Saudi citizens on Sunday, the kingdom’s official press agency reported, adding that the aircraft belonged to state oil giant Aramco.

The Saudi Press Agency, citing an official at the energy ministry, reported the helicopter crashed in Ras Tanura in the country’s east.

“The accident claimed the lives of all 14 passengers, all Saudi citizens,” the agency said, adding that an investigation was under way to determine the cause of the crash.

Aramco says it operates more than 60 aircraft, including helicopters serving more than 300 heliports in Saudi Arabia, making it one of the largest corporate fleets in the region.

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The deadly accident comes as oil-rich Gulf nations seek to ramp up their output following Iranian attacks and the closure of the Strait of Hormuz, a vital waterway for the export of oil and gas.

The Gulf monarchy did not indicate the incident was in any way connected to a hostile attack.
During the Middle East war, Iranian attacks had targeted energy facilities in the Gulf.

Ras Tanura is home to one of the largest refineries in the Middle East, with a capacity of 550,000 barrels per day, and is critical to Saudi Arabia’s energy sector.

The refinery has been targeted several times, notably during an Iranian drone attack at the beginning of the conflict, which caused a fire and forced a partial shutdown.

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Riyadh said in April that the weeks-long attacks had disrupted several production operations at key facilities, with refineries in Ras Tanura as well as Jubail, Yanbu and Riyadh targeted.
Saudi Arabia, the world’s leading crude exporter, produces a little over 10 million bpd.

AFP

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SAD! Bandits’ bomb hits vehicle, kills one, injures many in Sokoto

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An Improvised Explosive Device, IED, planted by alleged bandits along the Kurawa–Sabon Birni road in Sokoto State on Sunday hit a vehicle, killing one person and injuring many passengers.

The incident raised fresh concerns over the growing use of explosive devices by criminal groups operating in parts of the North-West.

The vehicle was said to be conveying passengers from surrounding communities to Sabon Birni when it ran over the explosive device, triggering a blast that severely damaged the vehicle and left several occupants injured.

A security analyst based in the area, Bashir Guyawa, disclosed the incident in a post on his Facebook page.

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Guyawa described the incident as another reminder of the persistent security challenges confronting communities along the border axis.

He said the vehicle was on a routine passenger trip when the explosion occurred.

“The vehicle was conveying passengers early this morning on their way to Sabon Birni when the unfortunate incident happened,” he wrote.

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Twelve seriously injured in Kano farmers-herders clash

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Twelve people were injured in a clash between farmers from Larabar Gadan Sarki and herders from the communities of Majawa and Karade in Warawa Local Government Area of Kano State.

The chairman of Warawa Local Government, Lamido Sunusi Ahmad, disclosed this in a statement issued by his media aide, Musleem Garindau.

The statement said the council chairman visited the injured victims at Wudil General Hospital and directed that the local government should cover the cost of their treatment until they had fully recovered.

He also commended community leaders and security personnel for their swift intervention, noting that calm had been restored to the affected communities.

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The chairman urged residents to refrain from spreading rumours or engaging in any act capable of escalating tensions and instead embrace dialogue to promote peaceful coexistence.

Speaking further, the Vice Chairman of Warawa Local Government, Hon. Ibrahim Abdu Madari, explained that the conflict involved residents of the communities, all of whom are indigenous to the area.

He said reports indicated that the violence began after a cow strayed into a farmer’s field and ate some crops. The farmer allegedly beat the cow, prompting its owner to assault the farmer, and the disagreement later escalated into a wider clash.

He also reiterated his appeal to residents to live peacefully and resolve disputes through dialogue and mutual understanding.

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