Popular Nigerian skit maker, Sabinus has welcomed his first child with his wife.

The comedian shared the joyful news of his child’s birth during an Instagram live session on Wednesday night while bidding goodnight to his fans and followers.

In the video, Sabinus was captured kissing his newborn child, whose gender has not been revealed, as he smiled at the camera.

Fans and well-wishers have since flooded his page to congratulate the skit maker as he begins his journey into fatherhood.

Watch The Video Below;

Controversial activist, VeryDarkMan has hailed the arrest of crossdresser, Bobrisky.

Recall that we had reported that Bobrisky was arrested by by the Economic Financial Crime Commission (EFCC) on April 3.

Bobrisky was reportedly taken into custody at his Pinnock Estate residence in Lagos State.

The lifestyle influencer was detained for currency mutilation and the improper handling of the Naira, according to Dele Oyewale, a spokesperson.

In reaction to this, VDM has warned the owner Pinnock Estate to steer clear on anything relating to the arrest of Bobrisky else, there will be consequences.

He issued a challenge to anyone connected to the crossdresser to assist in Bobrisky’s arrest.

WATCH VIDEO:

The Rivers State chapter of the All Progressives Congress has alleged that the state governor, Siminalayi Fubara, is plotting to procure interim orders to declare the state House of Assembly illegal.

Also, the state’s main opposition party said Fubara’s outburst on Wednesday while addressing members of the Nigerian Union of Local Government Employees in Government House, Port Harcourt, the state capital; was drumming war and disrespect for President Bola Tinubu.

The State APC Caretaker Committee Chairman, Tony Okocha, disclosed this during a media briefing in Port Harcourt on Thursday.

Fubara, while referring to his detractors in the political crisis in the state, had said, “If you dare me I will surprise you.”

The governor also urged members of the NULGE in the state to prepare and brace up, saying, “The next phase is fire for fire.”

The seven-man panel set up by the Edo State Chief Judge, Justice Daniel Okungbowa, to investigate the allegation of gross misconducts levelled against the state deputy governor, Philip Shaibu, on Thursday fixed Friday, April 5, 2024, for final adjournment for the deputy governor to defend himself.

The panel took the decision when it resumed its sitting on Thursday, and the deputy governor and his counsel were absent.

The chairman of the panel, Justice S. A Omonuwa (retd.), said that the panel would wait to see if the defendant would open his defence and thereafter called for the defendant.

When it became apparent that the defendant, Shaibu, was absent and was not represented, Justice Omonuwa called for appearance for the plaintiff, the Edo State House of Assembly, which initiated the impeachment process.

The Legal Officer, Edo State House of Assembly, N.U. Ibrahim, announced his appearance for the Assembly with two others.

The chairman then ruled that the panel would still adjourn to give the defendant the opportunity to appear before it to present his defence.

“The panel is adjourned for the last time to April 5, 2024 at 12 noon, to allow the defendant to present his defence,” Justice Omonuwa stated.

It would be recalled that at the inaugural sitting of the panel on Wednesday, Shaibu’s counsel, Prof Oladoyin Awoyale (SAN), took the leave of the panel to excuse himself and the defendant from continuing with the pane’s proceedings.

Awoyale hinged his stance on his submission that all parties in the matter ought to obey the order of an Abuja Federal High Court which asked the parties to appear before it to show cause why it should or should not grant the enforcement of fundamental human rights prayer Shaibu tabled before the court.

While Awoyale (SAN) admitted his error before the panel that there was no injunction by the Abuja court restraining the panel as he had erroneously told the panel, he, however, maintained that since the court had asked all the parties to come before it on Monday, April 8, 2024, the panel ought to obey that call.

As the panel overruled his submission and upheld the argument of the counsel for the House of Assembly, Joe Ohiafi, that the constitution foreclosed any court form stopping the Assembly and the panel from carrying out its constitutional responsibilities, the senior lawyer took his leave of the panel.

Thereafter, Ohiafi opened the case for the plaintiff and closed it with a prayer to the panel to hold that as provided for in the constitution, only the state House of Assembly could determine what constitutes gross misconduct, stressing that by attaching documents relating to the Edo State Executive Council to the case he filed in the Abuja Federal High Court, Shaibu had breached his oath of office.

The Nigerian Electricity Regulatory Commission, on Wednesday, approved an increase in electricity tariff for customers under the Band A classification.

The Vice Chairman, NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour (KW/h) from the current N66.

PUNCH Online notes that customers under Band A are those who enjoy 20-24 hours of electricity supply daily while those in Band B are subscribers who enjoy 16 to 20 hours. Those in Band C enjoy 12 to 16 hours daily.

Also, Band D subscribers are beneficiaries of eight to 12 hours daily and Band E subscribers only enjoy four to eight hours of electricity consumption everyday.

Speaking at a press conference in Abuja, Oseni said customers in Band A represent a 15 per cent of the 12 million electricity customers in the country which is about 1.8 million subscribers.

He added that the review will not affect customers on the other bands.

Citing sources, Bloomberg had on Tuesday reported that power companies will be allowed to raise electricity prices to N200 ($0.15) per KW/h from N68 for urban consumers.

It quoted people in the presidency with knowledge of the matter saying this was in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs.

In this report, PUNCH Online highlights the Lagos State subscribers of the Band A tariff plan who benefit from the 20 to 24 hours of Ikeja Electricity Distribution Company daily consumption in a document prepared by NERC.

1. Ijaiye (33-Ota TCN-AMJE) in Abule-Egba Business Unit enjoys 998 KW/h

2. Ijaiye (33-Ota TCN-Abeokuta Expressway) in Abule-Egba Business Unit enjoys 930KW/h

3. Able-Taylor (11-EkoroINJ-T1-Ekoro) in Akowonjo Business Unit enjoys 920KW/h

4. Egbeda (11-AlimoshoINJ-T8-Alimosho) in Akowonjo Business Unit enjoys 889KW/h

5. Anifowoshe (11-New AlausaINJ-T4-Siyanbola) in Akowonjo Business Unit enjoys 929KW/h

6. Anifowoshe (11-Adeniyi JonesINJ-T1-Ajao) in Akowonjo Business Unit enjoys 941KW/h

7. Anifowoshe (11-New AlausaINJ-T6-Awolowo) in Akowonjo Business Unit enjoys 889KW/h

8. Anifowoshe (11-Adeniyi JonesINJ-T1-Adeniyi Jones) in Akowonjo Business Unit enjoys 982KW/h

9. Ogba (11-OgbaINJ-T3-Oba Akran) in Akowonjo Business Unit enjoys 888KW/h

10. Ogba (11-Oke IraINJ-T2-Kayode) in Akowonjo Business Unit enjoys 867KW/h

11. Ogba (11-Oke IraINJ-T2-Mangoro) in Akowonjo Business Unit enjoys 943KW/h

12. Ojodu (11-OjoduINJ-T2-River Valley) in Akowonjo Business Unit enjoys 910KW/h

13. Oregun (11-MarylandINJ-T2-Ojota) in Akowonjo Business Unit enjoys 973KW/h

14. Oregun (11-OpebiINJ-T1-Olusosun) in Akowonjo Business Unit enjoys 924KW/h

15. Oregun (11-New AlausaINJ-T5-Kudirat) in Akowonjo Business Unit enjoys 977KW/h

16. Oregun (11-New AlausaINJ-T6-Ogundana) in Akowonjo Business Unit enjoys 981KW/h

17. Oregun (11-New AlausaINJ-T4-Allen) in Akowonjo Business Unit enjoys 989KW/h

18. Oregun (11-New AlausaINJ-T5-Alausa) in Akowonjo Business Unit enjoys 945KW/h

19. Oregun (11-New AlausaINJ-T4-Oregun) in Akowonjo Business Unit enjoys 980KW/h

The crypto winter has officially come to an end, marking a significant turnaround for the cryptocurrency market. Bitcoin, the flagship cryptocurrency, has experienced an impressive surge, more than doubling in value over the past 12 months. In March, it reached an all-time high of $73,000 following the legalization of bitcoin-pegged exchange-traded funds in the U.S. According to data from CoinGecko, the total value of all outstanding cryptocurrencies has surged by 170%, adding approximately $1.6 trillion in market value during the same period.

This surge in value has resulted in the emergence of a new class of billionaires known as crypto billionaires. Forbes’ 2024 World’s Billionaires list reveals that at least 17 individuals have attained billionaire status through their investments and ventures in the cryptocurrency space. Together, these crypto billionaires boast a collective net worth of $93 billion, which includes their estimated crypto asset holdings, publicly disclosed stock holdings, and private assets. This represents a significant increase from the nine crypto billionaires recorded last year, with their collective wealth more than doubling from $37 billion.

For the third consecutive year, Changpeng Zhao, the founder and former CEO of Binance, retains the title of crypto’s wealthiest individual. Despite facing legal challenges, including pleading guilty to U.S. money laundering charges in November, Zhao’s net worth has skyrocketed to an estimated $33 billion, up from $10.5 billion the previous year. The bulk of his wealth stems from his majority stake in Binance, the world’s largest cryptocurrency exchange by trading volume.

Other notable gainers include Michael Saylor, CEO of MicroStrategy, and Brian Armstrong, CEO of Coinbase. Saylor’s net worth has surged to an estimated $4.4 billion, compared to $760 million the previous year, thanks to MicroStrategy’s heavy investments in bitcoin. Similarly, Armstrong’s net worth has soared to an estimated $11.2 billion, up from $2.2 billion, buoyed by the impressive performance of Coinbase’s shares, which have more than quadrupled over the past 12 months.

Additionally, Forbes’ annual billionaires ranking welcomes newcomers such as Giancarlo Devasini, Paolo Ardoino, Jean-Louis van der Velde, and Stuart Hoegner, all prominent shareholders of Tether, a controversial yet highly profitable stablecoin issuer. The list also features familiar faces like the Winklevoss twins, renowned venture capitalist Tim Draper, and Ripple co-founder Jed McCaleb, highlighting the growing influence and wealth within the cryptocurrency ecosystem.

Here are the top ten crypto billionaires in 2024

1. Changpeng Zhao

Net worth: $33 billion (vs. $10.5 billion) | Source of wealth: Binance

His wealth primarily stems from his involvement with Binance, the leading cryptocurrency exchange platform.

Despite facing legal challenges, including federal money laundering charges brought by the Department of Justice and the Commodity Futures Trading Commission, Zhao agreed to pay $200 million in fines last year as part of a settlement. Additionally, he agreed to step down as CEO of Binance and is prohibited from any involvement with the company for three years following his guilty plea. Despite these setbacks, his fortune remains largely intact.

Based on corporate documents and discussions with former employees, Zhao’s stake in Binance is estimated to be around 90%, valued at approximately $32.5 billion. Binance continues to dominate the crypto exchange market, boasting the highest trading volume globally. Forbes’ analysis suggests that Binance generated approximately $9 billion in revenue last year.

To estimate Binance’s market value, Forbes applied the price-to-sales multiple of Coinbase, a publicly traded peer, and further adjusted for factors such as Binance’s concentrated ownership, potential regulatory issues, and key-man risks associated with Zhao’s departure.

2. Brian Armstrong

Net worth: $11.2 billion (vs. $2.2 billion) | Source of wealth: Coinbase

Armstrong, who together with Fred Ehrsam co-founded Coinbase in 2013, holds the largest individual stake in the company, amounting to 18%. The cryptocurrency exchange’s stock has surged by 50% year-to-date and has increased more than threefold since the previous year, resulting in a market capitalization of nearly $60 billion. Starting from November, Armstrong has executed sales of Coinbase stock totaling over $170 million through an automated 10b5-1 trading plan.

3. Giancarlo Devasini

Net worth: $9.2 billion (vs. $4 billion in July) | Source of wealth: Tether

Devasini serves as the Chief Financial Officer and is likely the largest individual shareholder of Tether, the largest issuer of stablecoins in the cryptocurrency sphere. Stablecoins are a type of cryptocurrency that is pegged to the value of the U.S. dollar or other stable assets and are utilized as a medium of exchange. With over 100 billion Tether tokens in circulation, the company has garnered substantial profits, amounting to $6.2 billion last year, primarily driven by higher interest rates on customers’ collateral. Devasini’s ownership stake in Tether is estimated to be around 47%, with Forbes valuing it based on the average price-to-earnings multiples of a selection of publicly traded mid-tier banks and asset managers.

4. Michael Saylor

Net worth: $4.4 billion (vs. $760 million) | Source of wealth: MicroStrategy, Bitcoin

Saylor emerges as the top gainer among crypto billionaires in terms of percentage growth on this year’s roster. The shares of MicroStrategy, the software firm he founded in the 1990s and transformed into a Bitcoin investment platform in recent times, have surged by nearly 500% compared to last year. Currently, the company boasts ownership of approximately 193,000 bitcoins, solidifying its position as the largest corporate holder of bitcoin globally, as confirmed by its Chief Financial Officer.

Moreover, Saylor’s personal bitcoin holdings are noteworthy. He disclosed in 2021 that he possesses 17,732 bitcoins, acquired at an average price of $9,882 per coin. Additionally, he is presently in the process of divesting approximately $200 million worth of MicroStrategy stock, a decision he made public at the onset of the year.

5. Paolo Ardoino

Net worth: $3.9 billion (vs. $1.8 billion in July) | Source of wealth: Tether

Ardoino currently holds the position of CEO at Tether, acting as its public representative, and is believed to possess a 20% ownership stake in the company. He initially entered the Tether ecosystem by joining its affiliated entity, Bitfinex, in 2014, where he served as a senior software developer. Ardoino’s professional background includes prior engagements in startup environments, where he honed his skills as a computer programmer.

6. Jean-Louis van der Velde

Net worth: $3.9 billion (vs. $1.8 billion in July) | Source of wealth: Tether

Formerly occupying the role of CEO at Tether, van der Velde currently functions as a symbolic leader entrusted with overseeing Tether’s crucial relationships with banks and regulatory bodies. He is reported to possess an approximate 20% ownership stake in the company. Van der Velde’s journey began when he departed the Netherlands in 1985 to pursue higher education in Taiwan. Following his academic pursuits, he played a pivotal role in co-founding numerous IT and technology startups across Asia before eventually joining Tether. Presently, he resides in Hong Kong.

7. Chris Larsen

Net worth: $3.2 billion (vs. $2.2 billion) | Source of wealth: Ripple, XRP

In 2012, Larsen played a pivotal role in establishing Ripple with the aim of streamlining international payments through the utilization of the XRP cryptocurrency. While he relinquished the position of CEO at Ripple towards the end of 2016, Larsen continues to serve as the executive chairman of the company. As per recent data from secondary markets disclosed to Forbes, Larsen commands an 18% ownership stake in Ripple, valued at approximately $3.8 billion by investors. Additionally, he possesses a substantial reserve of XRP, amounting to over 2.8 billion tokens, and holds nearly $1 billion in cash and investments, primarily derived from previous XRP transactions, according to Forbes’ estimations.

8. Fred Ehrsam

Net worth: $3.2 billion (vs. $930 million) | Source of wealth: Coinbase, Paradigm

In 2012, Ehrsam partnered with Brian Armstrong to establish the cryptocurrency exchange Coinbase. Although he departed from the company’s operational role in 2017, Ehrsam retains a position on the board and maintains ownership of approximately 5% of its stock. Following his tenure at Coinbase, Ehrsam co-founded Paradigm in 2018, a cryptocurrency investment firm that presently oversees assets exceeding $8 billion.

9. Matthew Roszak

Net worth: $3.1 billion (vs. $1.1 billion) | Source of wealth: Bitcoin, Ethereum

Having ventured into Bitcoin investment as an early adopter in 2010, Roszak’s financial portfolio predominantly thrives on his initial forays into cryptocurrencies. His wealth stems from strategic investments in various digital assets, such as Ethereum and BNB, the native token of Binance. Additionally, Roszak actively oversees Bloq, a blockchain startup specializing in investing in other crypto initiatives and providing consultancy services for blockchain projects.

While Coinbase recorded a revenue of $2.9 billion in the previous year, marking a decline from $3.1 billion in 2022 and $7.8 billion in 2021—coinciding with the last significant surge in cryptocurrency prices—the company has managed to restore profitability. Despite reporting a net loss of $2.6 billion in 2022, Coinbase generated a net income of $100 million in the most recent fiscal year.

10. Jed McCaleb

Net worth: $2.9 billion (vs. $2.4 billion) | Source of wealth: XRP sales

A pioneer in the early days of cryptocurrency, McCaleb played a significant role in shaping the industry. He founded Mt. Gox, the pioneering bitcoin exchange, in 2010, marking a pivotal moment in crypto history. Although he sold the exchange just a year later, his contributions laid the groundwork for the evolution of digital currency trading.

Subsequently, McCaleb co-founded Ripple in 2012, although he departed from the company shortly afterward due to disagreements with his co-founders. His primary source of wealth stems from the sale of a substantial portion of the original 9 billion XRP tokens he acquired as a co-founder of Ripple. McCaleb concluded his XRP sales in 2022, marking the end of his involvement with the cryptocurrency.

Furthermore, McCaleb founded Stellar, a direct competitor to Ripple, in 2014, further solidifying his influence in the blockchain space. Presently, he dedicates his time and financial resources to Vast, a space exploration company that he actively supports and promotes.

The Kano State Government has banned all movies and cinematic productions promoting thuggery and cross-dressing in the state.

This was announced in a press statement issued by the media officer of the State’s Censorship Board, Abdullah Sani Sulaiman.

This directive was given in response to mounting complaints reportedly from residents regarding issues considered to contradict their cultural values.

“It is high time we put a stop to this sort of films that corrupt the morals of the Kano people,” the board stated.

The board noted that it was “high time to fish out any film that may demoralize our customs, norms and values in the name of reaching popularity, viewers or business making”.

The board also commended the people of the state for their vigilance in reporting any content perceived to be at odds with cultural and Islamic principles.

SaharaReporters earlier reported how the Nigerian Police Force said cross-dressing was not an offence under Nigerian law.

The Nigeria Police Force on Tuesday said it could not arrest popular cross-dresser, Okuneye Idris Olanrewaju, better known as Bobrisky over calls to arrest the socialite.

There have been calls for Bobrisky’s arrest, especially after social media influencer and blogger, Martins Vincent Otse, popularly known as VeryDarkMan in recent videos condemned the award of Best Dressed Female to the cross-dresser at a Nollywood event.

However, the Force Public Relations Officer, Olumuyiwa Ademola told Channels TV on Tuesday that cross-dressers could not be arrested because there was no law against cross-dressing in Nigeria.

He also said there is no evidence to support claims that cross-dressers also belong to the LGBTQ+ community.

He said, “There are some cases that are always very difficult to prove.

“I’m not ruling out that we have many of them. Let us be reasonable, you can’t have someone you want to prosecute without having credible evidence against them. I have not read anywhere where cross-dressing is an offence in Nigeria.

“Some of them that are into cross-dressing, the allegation is that they are into something else.

“That’s where the problem lies. We need to have enough proof, credible evidence to prove that they are actually into that. All those offences are natural offences in Nigeria and they are punishable under our laws.”

However, Nigeria has a law prohibiting same-sex relationships or marriage.

The Same-Sex Marriage (Prohibition) Bill was signed into law in Nigeria on January 7, 2014, by then-President Goodluck Jonathan.

The law criminalises public displays of affection between same-sex couples.

The law imposes a 14-year prison sentence on anyone who “[enters] into a same-sex marriage contract or civil union”. It also imposes a 10-year sentence on individuals or groups, including religious leaders, who “witness, abet, and aid the solemnization of a same-sex marriage or union.”

It imposes a 10-year prison sentence on those who “directly or indirectly make [a] public show of [a] same-sex amorous relationship” and anyone who “registers, operates, or participates in gay clubs, societies, and organizations,” including supporters of those groups.

In a recent development, Ogunbayo, the sister of Wunmi, directed a scathing criticism at Mohbad’s father for his accusations regarding the late singer’s wife’s alleged infidelity before his demise.

Mrs. Ogunbayo adamantly refuted any insinuations of promiscuity on her sister’s part, firmly stating that Wunmi had suffered numerous infections contracted from Mohbad, unequivocally asserting that it was Mohbad who had taken her sister’s virginity.

Mrs. Ogunbayo also took aim at Yomi Fabiyi for his written assertions, disputing his claim that Wunmi was hesitant about a DNA test.

She stressed that while the family was open to the idea of conducting a DNA test on Liam, there had not been a compelling reason to do so thus far.

Expanding her discourse on DNA testing, Mrs. Ogunbayo further brought Mohbad’s parents into the conversation, suggesting that if such a test were to be pursued, it should be based on a mutual agreement regarding all parties involved.

Raging, she said:

“Jossy, you will see hell. Should we talk about the antibiotics and the infection Wunmi treated while in your son’s house. It will not be well with you; it’s you who brought us to this stage. You said Wunmi kept reporting to you but did she mention his cheating to you? Infections?”

Watch the video below:

Follow-up Statement Regarding Recent Social Media Posts I Shared On My Page

Dear Followers,

I want to take a moment to address the recent discussions surrounding a retweet I made regarding Nathaniel Bassey and Minister Mercy Chinwo Blessed’s son.

Firstly, I want to express my sincere apologies for any distress or confusion my retweet may have caused. This is not truly my character and the retweet I made was just like every other news I source and share on my page.

I want to clarify that my intention in sharing the post was solely to disseminate information, not to endorse or validate the allegations therein.

As someone dedicated to sharing news from various sources, I aim to provide my audience with information how I receive them and I’m not in any way in support of what the originator said.

However, I understand now that the retweet was misunderstood even though I put the original post in quote with a screenshot reference. I did not in any way support the post with any intention to harm rather I also very much worried about it and as a human I am very much sorry to make such a mistake and never will I do it again.

I seek you join me and plead with @nathanielblow to find a place in his heart to forgive my wrong actions as I take full responsibility for having shared the post on my platform.

Moving forward, I will continue to prioritize accuracy and responsibility in my content.

Thank you for your attention and understanding.

Best regards,

DJ SpoiltKid