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Kola Aluko’s Super Yacht, Galactica Star Sold!

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At last the The 65-metre Galactica Star super yacht owned by Oil mogul, Kola Aluko has been sold for whopping $42million

The wonderful piece of craftsmanship, according to Yachtharbour.com was sold on July 25, 2019.

In April 2019, the vessel was offered for sale in a sealed bid arrangement, proposed by the U.S. Department of Justice and the Federal Republic of Nigeria and approved by U.S. federal court.

The sale followed a court-ordered seizure of the yacht’s owner’s assets due to possible connections to an ongoing Nigerian oil corruption scandal, triggered by the Panama Papers investigation. The latter refers to 11.5 million leaked encrypted confidential documents that were the property of Panama-based law firm Mossack Fonseca, exposing the network of more than 214,000 tax havens.

It was gathered that Fraser representing the seller and Burgess represented the buyer.

The yacht was custom-built by Dutch yard Heesen in 2013 and is seconds only to the builder’s 70-metre Galactica Super Nova in terms of Length Overall (LOA).

She features exterior styling by Omega Architects, engineering by Van Oossanen & Associates, finished by interiors from the boards of Bannenberg & Rowell.

The US and Nigerian governments received Federal Court approval to sell the arrested superyacht due to high maintenance and dockage fees, estimating the combined cost at around $170,000 per month. Managed by Fraser, the vessel was listed at $42,000,000.

Galactica Star accommodates up to 12 guests overnight in 6 cabins, comprising a master suite, 1 VIP stateroom, and 4 double cabins. She is also capable of carrying up to 13 crew onboard to ensure a relaxed luxury yacht experience.

The most alluring feature about the vessel is what goes on below the waterline. Van Ossaanen Naval Architects successfully created a yacht that cruises 30% more efficiently than a conventional round-bilged motor yacht in this size range.

Powered by 2 MTU 5,592 HP diesel engines and propelled by twin screw propellers, Galactica Star is capable of a top speed of 27 knots, and comfortably cruises at 24 knots.

With her 90,000 fuel tanks she has a maximum range of 4,200 nautical miles at 14 knots. Her water tanks store around 30,000 litres of fresh water.

The yacht used to be popular for charter among celebrities. It was once rented by American music industry power couple, Jay Z and Beyonce for a holiday cruise at $900,000 a week to celebrate Beyoncé 32nd birthday in 2013.

The yacht is registered in the Cayman Islands and flies under the British flag. It comes with its own helipad, outdoor Jacuzzi and plenty of space for dancing and dining.

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Tinubu, Atiku, Obi Felicitate with Muslim Ummah, Nigerians at Eid-el-Fitr

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By Eric Elezuo

The three frontline political leaders in Nigeria; President Bola Tinubu, Alhaji Atiku Abubakar and Mr Peter Obi, have in separate messages call for the strengthening of security, sustenance of the spirit of goodwill imbibed during Ramadan as well as kindness among Nigerians as the Muslim Ummah celebrate the 2026 Eid-el-Fitr.

The messages are in response to the successful completion of the 30-day fasting – a period of dedication, sacrifice, spiritual renewal and stocktaking – which end birth the Eid-el-Fitr celebration.

Leading the avalanche of messages, President Tinubu, through a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, reiterated the need to lead a pious life seasoned by empathy and unity among humankind.

He noted that though the Ramadan season is over, but the lessons of piety, selflessness, perseverance, kindness and compassion, which the period is known, must consistently be the watchword of every Nigerian.

The message is captured in details below:

As Muslims worldwide celebrate Eid-el-Fitr, marking the end of Ramadan, President Bola Ahmed Tinubu has congratulated the Muslim faithful in Nigeria, urging renewed commitment to the nation and humanity.

President Tinubu enjoined Nigerian Muslims to rededicate themselves to the noble teachings of the holy month, which emphasize piety, empathy, and unity among humanity.

“We have a lot to draw from the noble lessons of Ramadan, especially at a time like this. We must continue to abide by the virtues of piety, selflessness, perseverance, kindness and compassion beyond this period,” he said.

President Tinubu urged all Muslim faithful to extend a hand of kindness to the needy of all faiths, to further show unity and camaraderie.

The President also tasked Muslim leaders to use the occasion to offer prayers for peace and prosperity to prevail in the country.

In the same vein, former Vice President of Nigeria and chieftain of the African Democratic Congress (ADC), Atiku Abubakar congratulated the Muslim faithful in Nigerian and across the world on the successful completion of the mandatory Ramadan fasting, and the celebration of the Eid-el-Fitr.

A press statement signed by the media office of the former Vice President, admonished Muslims to remain steadfast in piety by maintaining peace and in charitable causes.

According to Atiku, the completion of the obligatory fasting in the noble month of Ramadan should lead to more commitment to the injunctions of Almighty Allah.

“The completion of the Ramadan fasting is a call to duty that ensures we sustain the good deeds that the noble month requires of us.

“We must ensure that the lessons of the month are not lost on us and that the celebration of today is a reminder to the people, especially Muslims, to follow in the tradition of the noble Prophet Muhammad (SAW) in seeking closeness to God through worship and maintaining peace,” Atiku said.

He further called on the government to take it more seriously, stressing that “the protection of the lives and property of citizens is a divine decree and the sole responsibility of every government.”

Atiku similarly enjoins the privileged in the society to keep providing charity to the less privileged as this would go a long way in ensuring that the rising tide of economic downturn does not weigh too heavily on the poor.

“A greater number of people are being crushed by the economic downturn and global events in the past three weeks have further exacerbated the situation. It is incumbent on the wealthy to be more compassionate by taking up the responsibility of charity to help cushion the effect of the burden on the poor,” Atiku said.

Also lending his voice the congratulatory messages, Labour Party’s former presidential candidate, and former Governor of Anambra State, Peter Obi, urged Nigerian Muslims to imbibe the spirit of Ramadan going forward even as the 30-day fast has officially ended.

“I join you with heartfelt joy as we celebrate Eid al-Fitr, the blessed festival that marks the successful completion of the sacred month of Ramadan.

“This occasion is a profound reminder of the power of faith, discipline, selflessness, and unwavering devotion to Almighty Allah.

“Throughout Ramadan, you have fasted, prayed, given charity, and drawn closer to God, embodying values that inspire not only the Muslim ummah but every person of goodwill. These lessons of compassion, humility, patience, and solidarity must not end with the month; may they continue to guide our hearts, our actions, and our shared life as Nigerians.”

Many other prominent Nigerians and institutions have also identified with the Muslims in celebration, drumming the lesson of service, patriotism, piety and above unity of purpose to the hearing and learning of all and sundry.

The Eid-el-Fitr is the grand finale of the Muslim 30-day fasting period, popularly known in Islam as Ramadan. It is a yearly spiritual exercise.

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TEF Entrepreneurship: Tony Elumelu Foundation Sets March 22 to Announce 2026 Cohort

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The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs will announce the 12th cohort of the flagship TEF Entrepreneurship Programme on Sunday, March 22, 2026.

In 2026, the Foundation will empower a total of 3,200 entrepreneurs across all its entrepreneurship programmes:
1,751 entrepreneurs through Heirs Holdings Group: Heirs Energies, Transcorp Power, Transcorp Hotels, and United Capital; 1,049 entrepreneurs in partnership with the European Commission, OACPS, BMZ and GIZ; 100 entrepreneurs in partnership with Sèmè City Development Agency; 100 entrepreneurs in partnership with DEG, the German Development Agency; 100 entrepreneurs in partnership with the IKEA Foundation, UNICEF’s Generation Unlimited and the Dutch Government; and 100 entrepreneurs in partnership with UNDP and the Rwandan Ministry of Youth and Arts.

Applications to the flagship programme were received from over 265,000 young Africans, representing all 54 African countries, underscoring Africa’s vibrant entrepreneurial sector and the funding challenge for entrepreneurs. The new cohort will join the TEF Alumni community of more than 24,000 entrepreneurs.

The selection process is conducted by Ernst & Young, ensuring an independent and rigorous assessment of applicants.

Each selected Tony Elumelu Entrepreneur will receive $5,000 in non-refundable seed capital, access to world-class business management training on TEFConnect, one-on-one mentorship, and entry into a powerful network of investors, partners, and other entrepreneurs.

The Tony Elumelu Foundation has empowered over 2.5 million young Africans with access to business management training on our proprietary digital hub, TEFConnect, and disbursed over US$100 million in seed capital to more than 24,000 selected entrepreneurs. Collectively, these entrepreneurs have generated $4.2 billion in revenue and created more than 1.5 million direct and indirect jobs. Through our support for African entrepreneurs, TEF has lifted 2.1 million Africans above the poverty line, and positively impacted more than 4 million African households, with 46% of supported entrepreneurs being African women.

Ahead of the upcoming announcement, Tony O. Elumelu, C.F.R., Founder of the Tony Elumelu Foundation, reiterates his unwavering belief in the potential of Africa’s entrepreneurs:

“The future of Africa will be built by Africans who create businesses, generate jobs and solve the challenges of our continent. At the Tony Elumelu Foundation, we believe that empowering entrepreneurs is the most sustainable path to Africa’s economic transformation.

I look forward to announcing and congratulating the 2026 cohort of Tony Elumelu Entrepreneurs and look forward to witnessing the impact they will create across our continent.”

The general public is invited to join, virtually.

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Eid-El-Fitr: Glo Felicitates with Muslims, Urges National Unity, Compassion

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High premium Technology Company, Globacom, has felicitated with Muslims across Nigeria as they celebrate Eid-el-Fitr festival which marks the successful completion of the Ramadan fast.

In a goodwill message released in Lagos, the company commended the resilience and devotion shown by the faithful during the 30 days of spiritual reflection, sacrifice, and abstinence.

Globacom emphasized the importance of love, sacrifice, and community, encouraging Nigerians to embody these values.

The company explained that the end of Ramadan should serve as a springboard for continued personal growth, urging Nigerians to “use Eid-El-Fitri as a moment to reflect on their spiritual journey, promote the spirit of being one’s brother’s keeper, regardless of faith or background, and make sacrifices towards building a more prosperous and peaceful nation for all”.

Globacom enjoined its millions of subscribers to utilize the network’s innovative and affordable data and voice offerings to enhance their festive experience. It reaffirmed its commitment to providing seamless connectivity and ensuring that family and friends can stay in touch, share moments of joy, and exchange Sallah greetings throughout the holidays and beyond.

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