• Samsung Electronics reportedly considering splitting up business

    Samsung Electronics reportedly considering splitting up business

    South Korea’s Samsung Electronics Co Ltd will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source.

    A split would allow the heirs of the founding Lee family to strengthen their grip on the global smartphone leader, the crown jewel of the Samsung Group business empire. Elliott proposed a split in October to boost shareholder value.

    Samsung’s board of directors will meet on Tuesday and respond to Elliott’s […]

  • Lagos court remands 20 year-old man over alleged theft of electronics

    Lagos court remands 20 year-old man over alleged theft of electronics

    An Ikeja Magistrates’ Court in Lagos on Friday ordered the remand of an unemployed man, Tajudeen Ganiyu, who allegedly stole electronics valued at N29,000.

    The Magistrate, M.O. Oshinbajo, ordered that Ganiyu, 20, be remanded in Kirikiri Prisons after he admitted stealing the properties.

    The accused, who reside at No. 16 Paul Street, Abule Egba, Lagos, is facing a count charge of stealing.

    Earlier, the Prosecutor, Sergeant Yomi Egunjobi, told the court that the accused committed the offence on Aug. 13 at about 1.30pm […]