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Children to Inherit $10m As Bill and Melinda Gates Go Separate Ways – Report

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After Bill and Melinda Gates’ divorce documents revealed the couple never had a prenup, many are wondering how the couple, with a combined net worth of $130 billion, will split their assets.

Gates, the world’s fourth-richest man, has spoken in the past about how each of his three children will only inherit about $10 million of his fortune, The SUN reports.

When asked about rumors that he would only leave his three children — Jennifer, Rory, and Phoebe — $10million each during a Reddit AMA session in 2013, Gates explained that it was for their benefit.

“I definitely think leaving kids massive amounts of money is not a favor to them,” he said.

He and Melinda share three children and founded the Bill and Melinda Gates Foundation in 2000 to address several major global issues.

The couple has donated $45billion through the foundation since its inception, including $1.75 billion to fighting Covid-19.

Bill Gates, 65, was a geeky teenager when he started what would become the world’s most valuable company, and was for a time the world’s richest man and most prominent philanthropist.

He stepped down as Microsoft chief executive in 2008 to devote more time to philanthropy and later left the board, keeping only the title of “founder and technology advisor.”

Melinda Gates, 56, met Bill at Microsoft in 1987, shortly after she joined the tech firm, and the pair married in 1994.

In a 2019 Netflix documentary series, he described his wife as “truly an equal partner,” while she looked back on some of their first interactions to call him “funny and very high-energy.”

Their foundation is among the world’s richest, having provided more than $54 billion in grants over two decades in areas including malaria and infectious disease control, agricultural research, basic health care and sanitation in various parts of the world. It has an endowment of more than $46 billion.

The couple’s divorce could create new questions about their wealth, most of which has yet to be donated to their foundation, despite co-creating the Giving Pledge, which encourages billionaires to give the majority of their wealth to charity.

In recent years, Bill Gates has largely distanced himself from Microsoft and the tech industry, instead speaking about poverty and health initiatives, and the coronavirus pandemic.

Last year, the foundation pledged some $250 million to help fight the pandemic, with some of the funds channeled to the distribution of life-saving doses of Covid-19 vaccines to parts of Sub-Saharan Africa and South Asia.

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Insecurity: FG Resuscitates Special Terrorism Prosecution Courts

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Attorney-General of the Federation (AGF), Abubakar Malami, has said that special terrorism prosecution courts will soon be resuscitated in Nigeria.

In a statement on Thursday, Special Assistant on Media and Public Relations to the AGF, Umar Gwandu, said the decision is part of efforts to address insecurity.

“The federal government is committed to ending insecurity in the country. The courts are to bring to book all those found guilty in connection with terrorism, so as to serve as a deterrent to others,” the statement read.

“In addition to the prosecution of 400 suspected Boko Haram financiers, the measures taken by the government will counter the twin trouble of insurgency and insecurity in the country.”

On April 30, 2013, Ibrahim Auta, the former chief judge of the federal high court, made a practice direction that amended the order 48 rule 4 of the federal high court (civil procedure) rule 2009, which took effect on June 3, 2013.

The practice direction was intended to fast-track criminal trials relating to offences of terrorism, kidnapping, trafficking in persons, rape, corruption, and money laundering cases, and ensure that delays in criminal trials are largely eliminated.

Under this practice, the court shall ensure that criminal cases are fully ready for trial before hearing dates are agreed, in order to minimise undue adjournments and delays.

Parties involved in the trials are also expected to focus only on important matters relating to their cases.

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$65m Fraud: ICPC Declares Buhari’s Son-in-Law Wanted

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has declared Gimba Yau Kumo, son-in-law of President Muhammadu Buhari, wanted over an alleged $65 million fraud.

In a notice published on Thursday, Azuka Ogugua, spokesperson of the anti-graft commission, said Kumo is declared wanted alongside Tarry Rufus and Bola Ogunsola over alleged misappropriation and dispersion of national housing funds.

Kumo, a former managing director of the Federal Mortgage Bank of Nigeria, married Fatima, the president’s daughter, in 2016 at Daura, Katsina state.

“The persons whose pictures appear above, Mr. Tarry Rufus, Mr. Gimba Yau Kumo and Mr. Bola Ogunsola, are hereby declared WANTED by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in connection with issues bordering on misappropriation of National Housing Funds and diversion of the sum of Sixty Five Million dollars ($65,000,000),” the ICPC said.

“Anyone who has useful information on their whereabouts should report to ICPC Headquarters Abuja, any of the ICPC State Offices or the nearest police station.”

In April, the senate committee on public accounts summoned Kumo to explain the alleged irregular award of N3 billion contract when he was still at the bank.

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Igbo Aren’t Violent People, Ignore ‘Rumour’ of Attack on Lagos – Ohanaeze Tells Sanwo-Olu

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Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, has asked Lagos State Governor, Babajide Sanwo-Olu, to ignore threats of attacks on the state.

On Monday, Hakeem Odumosu, Lagos commissioner of police, said the command is probing threats of attacks by the proscribed Indigenous People of Biafra (IPOB) and Oodua Republic agitators.

The groups have, however, denied the allegations.

Speaking at a meeting with Sanwo-Olu at the Lagos government house on Thursday, George Obiozor, Ohanaeze president-general, said the “rumour” is intended to distract the governor from delivering good governance to the people.

Obiozor said Igbo people are not known for acts of violence.

“Today, the leadership of Ohanaeze Ndigbo worldwide, in the company of Igbo elders and leaders in Lagos, are here to pay you (Sanwo-Olu) a solidarity visit and to further reassure you that Ndigbo are not violent in nature, neither are we known for acts of violence anywhere we live,” Gboyega Akosile, chief press secretary to the governor, quoted Obiozor as saying.

“[On] the constant and periodic dangerous insinuations, rumour, gossip and callous statements that Ndigbo in Lagos or any part of Yorubaland contemplate or instigate violence in Lagos or any part of Yorubaland, we wish to state clearly that anywhere this dangerous rumour or statement is emanating from is aimed to cause division, crises and conflict amongst us.

“We think that this rumour is intended to distract the Lagos State Government from its efforts to provide good governance for all and cause disaffection between Ndigbo who live in Lagos and their host community, which is the second home of several Ndigbo.

“The quick denial of this rumour by members of IPOB and Yoruba groups in Lagos and across the south-west was a source of relief.

“The Igbo nation is renowned for being agents of development, not destruction. Ndigbo are builders and their contributions to the development of Lagos State are evident and exemplary.”

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