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Presidency circulates fake bank alerts claiming Seyi Tinubu donated N15 million to MohBad’s baby

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Special assistant to President Bola Tinubu on social media, Dada Olusegun, has shared a fake credit alert claiming the president’s son, Seyi, donated N15 million to the late Afrobeats artiste MohBad’s baby boy.

The fake transaction receipt trended on Thursday morning, and many national dailies reported it. When suspicions arose about the authenticity of the receipt, the newspapers promptly deleted their stories. They were misled again when Mr Olusegun posted the receipt and thanked Mr Tinubu for the kind gesture.

“The figurative apple that did not fall far from the tree #RIPIMOLE. Thank you ST (Seyi Tinubu),” Mr Olusegun captioned the post on X.

Meanwhile, Mr Tinubu’s associate, Japhet Omojuwa, has clarified that he, alongside Mr Tinubu and his circle, as well as MohBad’s colleagues, was working on a long-term intervention to support the late artiste’s child while avoiding possible political controversy that could follow the gesture.

“Seyi Tinubu didn’t donate N15m to Mohbad’s kid or family. I would know, because I have been discussing with him on the issue for several days,” Mr Omojuwa wrote on his X page.

“I said not to get sucked into the social media thing because whatever he said or did would be politicised. I then went on to say, irrespective of that, we should prioritise his family, especially his kid,” Mr Omojuwa explained.

The social media influencer added, “He said he’d commit to the kid’s education and also support the wife immediately. But we also knew there was still a danger of that getting used against him politically….”

Meanwhile, Olusegun has deleted the tweet.

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IMF Urges Stronger Social Safety Nets to Maximize AI’s Benefit

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International Monetary Fund
– IMF warns of job losses and inequality from generative AI
– Fiscal policy crucial for equal distribution of AI benefits
– Upgrades to social protection and tax systems necessary

The International Monetary Fund (IMF) has sounded the alarm on the potential negative effects of generative AI on jobs and wealth inequality. To mitigate these effects, the IMF recommends implementing stronger social safety nets and fiscal policies.

Accordingly, governments should consider new measures to raise revenue and support workers who lose their jobs due to AI. This includes investing in sector-based training to prepare workers for the jobs of the future.

The IMF emphasizes that fiscal policy has a major role to play in ensuring a more equal distribution of AI’s benefits. However, this requires significant upgrades to social protection and tax systems worldwide.

As the IMF notes, “Fiscal policy has a major role to play in supporting a more equal distribution of gains and opportunities from generative AI.” They argue that more generous unemployment insurance and investment in sector-based training are necessary to prepare workers for the changing job market.

The IMF advises against a special tax on AI products, instead suggesting that corporate tax breaks that encourage job displacement should be reconsidered. Strengthening taxes on capital income could help offset rising wealth inequality.

 

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Police Probe US Businessman’s Sudden Demise in Lagos Hotel

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– US-based businessman Onyejekwe Izuchukwu found dead in Lagos hotel
– Police investigation underway to determine cause of death
– Autopsy to be performed to reveal more details

The Lagos State Police Command has launched an investigation into the sudden death of Onyejekwe Izuchukwu, a 62-year-old US-based businessman. Izuchukwu’s body was discovered in his hotel room in Ikoyi on June 9, 2024.

According to a source, Izuchukwu had been staying at the hotel since June 6, engaging in business activities. Tragically, his lifeless body was found by a cleaner on the floor of his room.

The hotel’s management reported the incident to the police, who have commenced an investigation into the circumstances surrounding Izuchukwu’s death. A doctor was called to the scene and confirmed the businessman’s demise.

Izuchukwu was a prominent figure in the oil and gas industry, having served as President of Bits and Drilling Tools, a division of Schlumberger. His death has sent shockwaves through the industry.

“The command has commenced an investigation into the case,” said Police Public Relations Officer, Benjamin Hundeyin. “Izuchukwu’s corpse has been deposited in a morgue in Ikeja for autopsy.”

 

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