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Tomi Davies shares success story

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***Explains how his $5,000 investment turned into $250,000

By Francesca Hangeior

A Nigerian-British investor and technology expert, Tomi Davies, shared an anecdote about his unexpected success in an early investment, reflecting on a time when he turned a $5,000 investment into a substantial return.

Speaking with Big Tech This Week and released on Monday via X, Davies said, “In 1999, a friend of mine encouraged me, and I invested $5,000 in a fantasy league soccer comic.
“We got the distribution up, and then we started to look at animation and video, which caught the eye of a South African company.”

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The interest from the South African firm marked a turning point for the venture, as they sought to acquire a majority stake in the comic business.

He said, “They decided to buy into the company and needed part of my shares to make their 51% ownership.

“Then they wired the money, and for two days, I couldn’t sleep. Why? Because I didn’t want them to think Nigerians were fraudsters. I thought they made a mistake in the amount because it had an extra zero that I wasn’t expecting.”

Davies recounted his reaction to the unexpected sum.

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“I called up my friend who had started the company and said, ‘Hey, Ollie, there seems to be a problem. I was expecting $25,000. They sent me $250,000. Please, there’s been a mistake.’

To his surprise, the response he received was reassuring.

“He said, ‘Oh no, there hasn’t been any mistake. The valuation of the company means I just got three and a half million dollars. I’ve just bought myself a house,’” Davies added.

Reflecting on his windfall, Davies said, “So, I said $5,000 for half my shares, and I got $250,000.”

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The investment’s journey didn’t end there; the company, now a valuable asset, eventually became part of Disney’s portfolio.

“That particular company today belongs to Disney,” Tomi Davies added.

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Galatasaray technical director opens up on nature of Osimhen’s contract

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Galatasaray technical director Okan Buruk has confirmed the presence of a clause in Napoli’s Victor Osimhen loan deal.
Buruk explains that the January clause in Victor Osimhen’s contract allows the player to explore opportunities with various interested clubs during the January transfer window.

This statement came during an interview on the official website of the Turkish champions, where Buruk discussed various topics related to the team.

During the interview, Buruk explained that Osimhen would like to stay at Galatasaray until the end of the season.

He noted that although there is a transfer clause in force, the player has expressed his intention to stay at the club, which he reiterated from the beginning of his arrival.

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He stated, “Osimhen wants to stay here until the season is over and he has said this consistently. Although there is a clause regarding January transfers, ultimately it is the player’s decision and he feels committed to staying.”

Reflecting on how the club secured Osimhen’s services, Buruk shared: “I traveled to Milan when I had the chance. Because I lived there for three years, I feel comfortable there. We didn’t talk about football during my visit; instead, we enjoyed dinner together for two days, which helped foster a good relationship. After a match against Adana Demirspor, we had a video call at the airport to discuss the options, and after careful consultation with our transfer committee and the president, we completed the transfer.”

Osimhen joined Galatasaray on the final day of the summer transfer window after negotiations with Chelsea and Al Ahly failed to materialize. He quickly adapted to his new surroundings and made significant contributions with eight goals and four assists in just nine appearances in all competitions.

Eaglespath

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Ondo: Gov Aiyedatiwa says he’s not aware of vote buying on his behalf

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Ondo State Governor Lucky Aiyedatiwa has stated that he was not aware that his political associates bought votes on his behalf.

This is coming a few hours after he emerged victorious in all the 18 local government areas of the state.

According to report, the incumbent governor and candidate of the All Progressives Congress, APC, was accused of vote-buying after his victory in the November 16 election.

However, speaking in an interview with Channel TV on Sunday night, the governor noted that the oppositions are using the vote-buying allegation as an excuse for their loss.

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“I’m not aware of such. The opposition will want to say that to make excuses for their failure, but for us, it is what we worked for; the people have spoken through their votes.

” There won’t be any reason to buy votes because Ondo people know what they want. I’m not aware of people buying votes on my behalf.”

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Uncovered! World Bank exposes $32m missing funds in Nigeria’s water project

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In Nigeria’s water project, the World Bank has discovered $32 million in undeclared payments.

The banks recently released their FY2024 Sanctions System Annual Report, which included this information.

According to the study, the lost monies were meant to improve Nigeria’s water infrastructure but were not properly accounted for, which led to an intervention to protect the project’s integrity.

“INT followed up on risks identified regarding a project in Nigeria’s water sector and flagged to operations the risk, which was associated with $32 million of unaccounted funds.”

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The World Bank worked with the project team, which included the operations manager, financial management expert, and task team leader for Nigeria, in an effort to retrieve the money.

While $6 million is still in the project account to cover expected operating costs, the Central Bank of Nigeria has requested reimbursement of $22 million.

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