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Christina O: 7 Things You Should Know About The Yacht Otedola Hired

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Christina O: 7 Things You Should Know About The Yacht Otedola Hired

As billionaire Femi Otedola celebrates his 60th birthday, he has been joined by his family and loved ones to tour the Mediterranean sea in the Christina O super luxury yacht he rented for N2.2 billion.

In the spirit of his birthday, Otedola hired the super yacht belonging to one of his childhood idols and the late Greek shipping magnate, Aristotle Onassis, who was one of the richest people in the world before passing away.

In a statement cited by Newsrand, Otedola said disclosed that the Greek shipping magnate who owned the superyacht has been his role model since he was 13 years old, which is 47 years ago.

As I mark my 60th birthday in the coming days, I am grateful to God for his continuous blessings and the wisdom he has continued to bestow upon me.

The days leading up to this milestone have been marked by deep reflection, and I’m looking forward to sailing the CHRISTINA O with my family for the next three weeks,” the billionaire was quoted as saying.

Below are 7 things you should know about Christina O

  1. Christina O is a private motor yacht that once belonged to billionaire Greek shipowner Aristotle Onassis.
  2. She is the 59th largest yacht worldwide as of 2022, measuring 99.13 metres long.
  3. The boat initially served as a Canadian anti-submarine River-class frigate called HMCS Stormont, launched in 1943.
  4. Onassis purchased the Stormont after the end of World War II, as it was one of the many surplus naval vessels.
  5. Purchasing the ship at a scrap value of US$34,000, Onassis then spent an additional $4 million to convert the vessel into a luxurious superyacht named after his daughter Christina.
  6. The yacht features large, ornate interiors and elaborate luxuries: such as a mosaic swimming pool that, once drained, can be raised to deck level to become a dance floor.
  7. Christina O has a main suite, eighteen-passenger staterooms, and numerous indoor and outdoor living areas, all connected by a spiral staircase.

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Transcorp Hilton Abuja wins Seven Stars Luxury & Lifestyle Award for the 5th time in 7 year

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transcorp hilton

Transcorp Hilton Abuja has been named the Best Luxury Business Hotel at the 2022 Seven Stars Luxury & Lifestyle Awards. The hotel, which is the flagship property of leading hospitality brand Transcorp Hotels Plc, had earlier won the award in 2016, 2017, 2018, and 2019.

The Seven Stars Luxury Hospitality and Lifestyle Awards (SSLHLA) is the most exclusive award for the luxury Hospitality and Lifestyle industry. According to organisers, SSLHLA is designed to identify and separate the exceptional from the absolute best.

Mrs. Dupe Olusola Managing Director/CEO Transcorp Hotels Plc, while commenting on the award said, “We are honoured to be recognised as the Best Luxury Business Hotel in Nigeria for the 5th time in seven years.

“We are proud to add this award to many other prestigious awards we have won this year. This achievement is evidence of our success in consistently delivering on our customer promise, as we continue to innovate and provide our guests with unparalleled experiences at all our touch points.”

Transcorp Hilton Abuja recently won 5 major categories of the World Travel Awards, including Africa’s Leading Business Hotel. The hotel also won the World Luxury Hotel and Restaurant Awards, TripAdvisor Travellers’ Choice Award, and Booking.com Traveller Review Award, among other recognition, received this year.

With 667 rooms and suites – including 30 presidential suites – spread over 10 floors, Transcorp Hilton is the choice hotel for heads of state, captains of industries, royalties, and global celebrities. The hotel boasts a choice of 8 restaurants and bars including the 24-hour Piano Lounge, 24 meeting rooms, a Business Center, and a 1200-person capacity Congress Hall. The hotel is also constructing a world-class convention center.

Leisure facilities at the hotel include a 24-hour fitness center, a spa, an outdoor swimming pool, tennis courts, squash courts, as well as volleyball and basketball courts.

Apart from Transcorp Hilton Abuja, Transcorp Hotels Plc also owns Transcorp Hotels Calabar, and Aura by Transcorp Hotels, an online platform for booking homes, hotels, and experiences. Transcorp Hotels is also working on a new property in Lagos, as it continues to expand in line with its vision of becoming Africa’s leading hospitality brand.

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FG Receives N293bn As FAAC Allocates October Revenue

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FG Receives N293Bn, As FAAC Allocates October Revenue

The Federal Government received N293.955 billion in distributable revenue from Federation Account Revenue (FAAC) October allocation.

This was disclosed in a circular by the committee, as a total sum of N736.782 billion was shared between the Federal Government, states, and local government councils.

The circular read;

“The N736.782 billion total distributable revenue comprised distributable statutory revenue of N417.724 billion, distributable Value Added Tax (VAT) revenue of N213.283 billion, Exchange Gain revenue of N5.775 billion, and N100.000 billion Augmentation from Non-oil Revenue.

READ ALSO: FG, States, LGs Shares N954 Bn For July – FAAC

“In October 2022, the total deductions for the cost of the collection were N33.555 billion, and the total deductions for transfers, savings, and refunds were N186.749 billion.

“The balance in the Excess Crude Account (ECA) was $472,513.64.

“The communiqué confirmed that from the total distributable revenue of N736.782 billion; the Federal Government received N293.955 billion, the State Governments received N239.512 billion and the Local Government Councils received N177.086 billion. The total sum of N26.228 billion was shared with the relevant States as 13% derivation revenue.

“Gross statutory revenue of N622.270 billion was received for the month of October 2022. This was lower than the sum of N825.710 billion received in the previous month by N203.440 billion.

“From the N417.724 billion distributable statutory revenue, the Federal Government received N206.576 billion, the State Governments received N104.778 billion and the Local Government Councils received N80.779 billion. The sum of N25.591 billion was shared with the relevant States as 13% derivation revenue.

READ ALSO: FG, States, LGs Shares N954 Bn For July – FAAC

“For the month of October 2022, the gross revenue available from the Value Added Tax (VAT) was N229.041 billion. This was higher than the N203.960 billion available in the month of September 2022 by N25.081 billion.

“The Federal Government received N31.992 billion, the State Governments received N106.642 billion and the Local Government Councils received N74.649 billion from the N213.283 billion distributable Value Added Tax (VAT) revenue.

“The N5.775 billion from the Exchange Gain revenue was distributed as follows: the Federal Government received N2.707 billion, the State Governments received N1.373 billion, the Local Government Councils received N1.058 billion and the relevant States received N0.637 billion as 13% derivation revenue.

“From the N100.000 billion Augmentation, the Federal Government received N52.680 billion, the State Governments received N 26.720 billion and the Local Government Councils received N20.600 billion.”

According to the Communiqué, in the month of October 2022, Value Added Tax (VAT) and Companies’ Income Tax (CIT) increased significantly while Oil and Gas Royalties, Petroleum Profit Tax (PPT) Import Duty recorded considerable decreases. However, Excise Duty increased marginally.

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Shop Big Deals this Black Friday on Squad Black November!

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Squad

With Black Friday finally around the corner, HabariPay is thrilled to announce that it has launched a seller community platform highlighting some of its merchants who have amazing deals for the season! Shoppers are encouraged to check out the Squad Black November sale page here to buy fashion pieces, groceries, household items, electronics, food, art, and so much more at unbeatable discounts! The sale is currently live and will run from now till 30th November 2022.

With over 60% of shoppers set to purchase Black Friday deals online this year, HabariPay launched its #SquadBlackNovember campaign to help small businesses seamlessly showcase their products and services online. The company also supported these businesses with discounted logistics, FREE advertising, and connections with millions of ready-to-buy customers to ensure they would achieve massive sales during the period.

Also, beyond the discounted prices, customers also have the opportunity to win shopping vouchers and coupons through trivia and contests on the brand’s pages. Follow and stay tuned @Officialsquadco on all platforms to be a part of this!

Thinking of treating yourself or getting some early Christmas presents? Shop the Black November sale here – https://squadco.com/black-november/!  

PS: You still have a chance to be a part of this campaign as a merchant! Follow these steps:

  • Sign up to Squad here – https://dashboard.squadco.com/sign-up and complete your KYC (if you haven’t).
  • Upload the products you have for the black Friday sale to your Squad Storefront in readiness for sale, and make sure you reflect the discounts on each product.
  • Visit the Google form here to input your details! Share your business name & category, brand logo, email, phone number, and Squad Storefront link.

For additional support or questions about participating in this campaign, please send an email to smesupport@squadco.com.

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