Wema Bank, Ogun, others seal funding pact on new refinery

Wema Bank and three other companies Petrolex Oil and Gas, Hyundai and Ajayi Legal Partner have signed a deal with the Ogun State Government to build the second largest refinery in sub-Saharan Africa and the largest petroleum product depot in Nigeria.

The Chairman, Petrolex Group, Mr. Segun Adebutu, while speaking at the signing ceremony, said the two projects which will be located in Odogbolu Local Government Area of the state, when completed would generate at least 2000 jobs and greatly increase the socioeconomic condition of the host state.

Commenting on the project, Head of Corporate Banking, Wema Bank, Henry Alakhume, expressed delight at the deal.

According to him, the Bank is proud to support Petrolex Group in the refinery and petroleum depot project, adding that the project will significantly boost Nigeria’s economy and create much needed jobs.

Ogun State Governor, Ibikunle Amosun, assured Wema Bank and members of the consortium of his administration’s commitment to fully support the project.

“We have the political will and we would support the project fully. You can be rest assured that I will get involved, when necessary, in order to ensure that the project is a success,” Amosun said.

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Chelsea preparing world-record Bonucci bid

Chelsea owner Roman Abramovic has told manager Antonio Conte that a January move for Juventus defender Leonardo Bonucci could be on the cards. According to reports from the Telegraph, the Russian businessman is prepared to bankroll a number of new signings in the New Year as the Blues look to retain the Premier League trophy. Bonucci would command a world-record fee for a defender, expected to be in the region of £50 million, should he move to Stamford Bridge.

Turkey bomb victims ‘mostly children’surviving

Most of the victims of the bombing of a Kurdish wedding party in the Turkish city of Gaziantep on Saturday were children, media reports have said. Twenty-nine victims were under the age of 18, reports said, with one official saying 22 were under the age of 14. The death toll rose to 54 yesterday. The suicide bomber himself was a child aged between 12 and 14, President Recep Tayyip One woman lost four children in the attack, Emine Arhan, said yesterday: “If it wasn’t for my only surviving child, I would have killed myself.” Another victim was a nine-year-old girl who had stayed on at the party to see the bride after her parents had left, according to reports. A disproportionately large number of women and children were killed in the attack because it targeted henna night, a part of the celebration attended mainly by women and children. Turkish officials said the type of bomb used, which contained scraps of metal, was similar to those used in previous attacks on pro-Kurdish gatherings. ...

Conte: Chelsea must learn to kill matches

Chelsea manager Antonio Conte says his side must learn to kill off matches quicker following their 3-2 League Cup win over Bristol Rovers. Michy Batshuayi scored two goals either side of a Victor Moses strike at Stamford Bridge to send the home side into the third round, but they were given a fright when the visitors twice halved a two-goal deficit through Peter Hartley and an Ellis Harrison penalty. The victory is Conte's third in competitive matches as Chelsea boss, following 2-1 wins over West Ham and Watford in the Premier League - both of which came about thanks to late goals from Diego Costa. And the former Italy boss wants his players to become more ruthless in their approach in order to prevent similarly nervy encounters in future. "These games are very tough," he told BBC Radio London Sport. "When you dominate the game, you must kill the game. In this case, we didn't do this. "It's a pity because when you're playing very well, creating a lot...

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