Schlumberger Buys Over Cameron International Corporation!

World’s largest oilfield-services provider, Schlumberger Ltd. agreed to buy Cameron  International Corporation for $66.36 a share in a deal valued at $14.8 billion.

 

When concluded, Cameron stockholders will receive 0.716 Schlumberger shares and a cash payment of $14.44 in exchange for each Cameron share, according to a regulatory statement on Wednesday, August 26th.

Information indicates that the deal is expected to gradually add to Schlumberger earnings per share in the first year after closing while they see a combined $900 million in synergies in the first two years, according to the statement. Goldman Sachs Group acted as financial adviser for Schlumberger while Credit Suisse Group AG acted as adviser for Cameron.

This deal  comes after the proposed merger between Halliburton, the second-biggest oilfield services provider and Baker Hughes in a deal valued at near $35 billion announced last November. It is also expected to offer new growth opportunities by creating the industry's first complete drilling and production systems

Lion Kills Guide At Zimbabwean Park Where Cecil Was Shot!

In what looks like a 'cartoon revenge story', but very sad, a lion mauled a guide leading six tourists on a walking safari in the Zimbabwean national park where Cecil the lion lived before he was killed.

Late Quinn Terence Swales

Authorities said the guide identified as 40 year-old Quinn Terence Swales, was attacked on Monday, August 24, after the group left their vehicle to inspect a pride of lions with cubs under a tree in the Hwange National Park, the country’s largest natural reserve.

 According to Police spokeswoman Charity Charamba, “Some cubs came near the tourists and one adult lion identified as Nxaha charged at them,” 

“The adult lion retreated for a while and then came charging at the guide. It knocked him down and mauled him on the neck and shoulder.” 

Charamba further urged visitors to game parks to “remain wary even when the animals appear friendly because with an animal you can never predict its next move".

Swales, was airlifted from the scene, regrettably, he was pronounced dead on arrival at a hospital in the resort town of Victoria Falls.

Confirmed the incident in a statement, owners of the safari camp stated: “It is with deep regret and great sadness that we are able to confirm the death of Quinn Swales, a Camp Hwange professional guide, who was fatally mauled by a male lion whilst out on a walking safari,”.

“We can confirm that Quinn did everything he could to successfully protect his guests and ensure their safety, and that no guests were injured.”

So sad, lets hope there are better safety measures introduced to protect both guides and tourists.

Anti-Corruption Fight - Abuja Court Sentences 21 Year Old Bus Conductor To 18 Months In Prison For Stealing Handset!

In what could be termed 'operation uproot corruption from the grass-root', an Abuja court on Tuesday August 25th, sentenced a 21 year old bus conductor to 18 months in prison for stealing a Nokia phone worth =N=11,000. 

The accused identified as Shedrach Ezekiel from Mararaba, stole the phone from the bag of one Luka Ruth at Brother Plaza, Mararaba; on getting caught, he threw the phone to his accomplice, now at large. 

Ezekiel, who was first arraigned on August 14, told the court that he committed the offence due to unemployment.  “I don’t have anybody here, I came to this town to look for job but it has not been easy for me.” he said. 

On his part, the presiding Judge, Albert Maga, said the accused failed to give the Court tangible reason(s) on why he should not be punished for the offence, adding that the sentence would serve as deterrent to other offenders of like  (criminal) minds.

Maga however gave the convict an option of =N=4, 000 fine and ordered him to pay the complainant =N=11, 000 being compensation for the stolen phone.

The Judge's reason "the sentence would serve as deterrent to other offenders of like minds", is highly commendable, and is needed if Nigeria means to combat and bring corruption to its lowest minimum. 

However, without a formal structure that provides lasting solution (like youth empowerment and positive engagement through employments, and job creation), to societal problems like this case in place, sentencing delinquents, is not  just enough to curb corruption. 

Also coming at the heels of corruption allegations up to the tune of billions of $$$ brought against some ex- top government officials, and the 'pace' taken so far to bring these accused persons to book, one can not help but wonder who the much talked about 'anti-corruption fight', is in reality aimed at. 

There is need to apply same speed employed in charging this young man, who stole a handset, due to unemployment, (cause by corruption in the corridors of power) to the cases of ex-top government officials who as we speak ignore summons, and refuse to respond to allegations brought against them. 

Bus Crash Into Building In New York!

No fewer than six people, (five people on board the vehicle and one person inside the building), were injured after a Resorts World Casino charter bus lost control and crashed into a corner of a property near Rego Park in the Queens area -New York. 

Amnesty International Faults Saudi Arabia's Justice System!

According to Amnesty International, hundreds of people have been condemned to death after being convicted in unfair trials under what has been described as 'Saudi Arabia’s deeply flawed judicial system'.

 Vs 

In a journal published on Tuesday, 25th August, Amnesty International revealed that "Saudi Arabia's faulty justice system facilitates judicial executions on a mass scale". 

Below is AI's breakdown of Killings Carried Out Under The Directives Of Saudi's Justice System:

• Death sentences imposed after unfair trials lacking basic safeguards

• At least 102 executed in first six months of 2015 compared to 90 in all of 2014

• Average of one person executed every two days, most by beheading

• Almost half of executions in recent years are for non-lethal crimes

• At least 2,208 people executed between January 1985 and June 2015

• Nearly half of those executed since 1985 were foreign nationals

• Juvenile offenders, people with mental disabilities among those executed

U.N Boss Visits Nigeria!

United Nations Secretary-General, Ban Ki-moon landed at the Nnamdi Azikiwe International Airport, Abuja, at about 4.15 p.m, Sunday August 23rd, for a two-day visit. 

Chief among his visitation agenda is to discuss issues that bothers the nation  with President Muhammadu Buhari, chief among them being combating Islamist Insurgency violence.  

This came in the wake of suspected Boko Haram ambush on a convoy carrying the newly-appointed chief of army staff Maj. Gen. Tukur Yusuf Buratai on Saturday.


With the 4th memorial only a few days away, Ban Ki-moon honoured victims of the Friday, 26th August, 2011 terror attack which the Boko-Haram sect claimed responsibility, on United Nations office in Abuja.

The U.N Chief also visited and held talks with children at Garki Junior Secondary School Abuja.

Bishop David Oyedepo Celebrates 33 years Of Marital Bliss With Wife!

The founder and presiding Bishop of Living Faith Church World Wide, aka Winners' Chapel, and Chancellor of Covenant University in Ota - Ogun state, Nigeria, Bishop David Oyedepo celebrates 33 years of marital bliss with wife....

His tweet below:

"33 years of God's abundant blessings.

Happy Wedding Anniversary to my lovely Wife".

Here's wishing you many more beautiful years together.