Stanford Financial Group Executives and Former Chairman of Antiguan Bank Regulator Indicted for Fraud and Obstruction

19 Jun 2009 17:51 Africa/Lagos

Stanford Financial Group Executives and Former Chairman of Antiguan Bank Regulator Indicted for Fraud and Obstruction

Charges Related to $7 Billion Dollar Scheme to Defraud Investors

WASHINGTON, June 19 /PRNewswire-USNewswire/ -- Robert Allen Stanford, 59, chairman of the Houston-based Stanford Financial Group (SFG), three SFG executives and the former chief executive officer of the Antiguan bank regulatory agency have been indicted on fraud and obstruction charges related to a $7 billion scheme to defraud investors, announced Lanny A. Breuer, Assistant Attorney General of the Criminal Division; Tim Johnson, U.S. Attorney for the Southern District of Texas; Kevin Perkins, Assistant Director of the FBI's Criminal Investigative Division; Eileen Mayer, Chief of Internal Revenue Service - Criminal Investigation; and Greg Campbell, Deputy Chief Inspector, U.S. Postal Inspection Service.

Also charged in an indictment returned in Houston yesterday and unsealed today was Laura Pendergest-Holt, 35, SFG's chief investment officer; Gilberto Lopez, 66, SFG's chief accounting officer; Mark Kuhrt, 37, SFG's global controller; and Leroy King, 63, the former administrator and CEO of Antigua's Financial Services Regulatory Commission. Stanford was arrested in Virginia last night, and is scheduled to make an initial appearance today in Richmond. Lopez and Kuhrt were arrested this morning and will make initial appearances in Houston this afternoon. Pendergest-Holt, who previously was indicted on obstruction-related charges, will make her initial appearance on the charges unsealed today in Houston in the near future.

"The Department of Justice will vigorously root out and expose financial crimes that wreak havoc on innocent investors," said Lanny A. Breuer, Assistant Attorney General of the Criminal Division. "Investors need access to accurate and truthful financial information in order to make decisions about how to invest their hard-earned savings. Their savings, and indeed the integrity of our capital markets, are jeopardized when investors are deceived. These difficult economic times make the mission of the Department all the more important."

"The investing public needs to be assured that it is protected from those who would corruptly deprive them of their financial security," said U.S. Attorney Tim Johnson of the Southern District of Texas. "When individuals or business entities engage in fraudulent activity designed to deprive investors of their assets, we will devote whatever resources necessary to bring them to justice."

"Economic crime schemes such as those alleged here today are unfortunately all too commonplace," said Assistant Director Kevin Perkins, FBI Criminal Investigative Division. "These crimes strike at the heart of our economy and our quality of life."

"The IRS is united with the federal law enforcement community in our resolve to put out of business those financial schemes that defraud investors and the U.S. government," said Eileen Mayer, Chief, IRS Criminal Investigation. "This is particularly true as it relates to international financial fraud, and we will continue to follow the money in order to bring those responsible to justice."

"Robert Stanford's investors trusted him and his associates, in many instances, with their life savings," said Gregory Campbell, Deputy Chief Inspector, U.S. Postal Inspection Service. "When allegations are made that the U.S. Mail has been used to violate such a trust, it's our job as Postal Inspectors to restore America's confidence in the integrity of its postal system and help to bring the violators to justice."

According to the indictment, Stanford and his co-defendants engaged in a scheme to defraud investors who purchased approximately $7 billion in certificates of deposit administered by Stanford International Bank Ltd. (SIBL), an offshore bank controlled by Stanford and located on the island of Antigua. Stanford and his co-defendants allegedly misused and misappropriated most of those investor assets, including diverting more than $1.6 billion into undisclosed personal loans to Stanford himself, while misrepresenting to investors SIBL's financial condition, its investment strategy and the extent of its regulatory oversight by Antiguan authorities. For example, the indictment alleges the following:

-- That the defendants allegedly falsely claimed that SIBL's assets grew
from approximately $1.2 billion in 2001 to approximately $8.5 billion
in December of 2008. The indictment alleges that, in fact,
approximately $5 billion of SIBL's reported assets consisted of notes
on loans to Stanford and grossly overstated interests in "island
properties," including more than $2 billion added to the books in 2008
from an allegedly artificial real estate deal that Stanford and his
co-conspirators conceived to inflate the bank's reported assets;
-- That Stanford and his co-defendants allegedly falsely represented to
investors that SIBL's investment strategy was to "minimize risk and
achieve liquidity" and promised rates of return on CDs that in the end
were simply too good to be true in light of the bank's actual
investments and assets; and

-- That Stanford and his co-defendants allegedly made false and
misleading representations about the regulatory scrutiny of the bank
by Antiguan authorities, when, in fact, Stanford was making corrupt
payments of more than $100,000 to King to ensure that the Antiguan
bank regulatory authority that he headed did not accurately audit, or
verify the assets reported in the bank's financial statements.


Also according to the indictment, Stanford, Pendergest-Holt and King conspired to conceal the fraud from the U.S. Securities and Exchange Commission (SEC) in order to fend off an SEC investigation. King allegedly provided Stanford and others with confidential information that he had received from an official SEC inquiry into a possible fraud on investors by SIBL so that additional false representations concerning SIBL's financial health and Antiguan regulatory oversight could be made. In addition, Stanford, Pendergest-Holt and others allegedly agreed that Pendergest-Holt would provide false information to the SEC about the true value of SIBL's investment portfolio.

The defendants are charged with one count of conspiracy to commit mail, wire and securities fraud; seven counts of wire fraud; ten counts of mail fraud; and one count of conspiracy to commit money laundering. The indictment also charges Stanford, Pendergest-Holt, and King with conspiracy to obstruct an SEC proceeding. The indictment seeks forfeiture of the proceeds of the fraud from all defendants, including forfeiture of specific foreign bank accounts controlled by Stanford, Davis and Pendergest-Holt.

Also unsealed today was a criminal information charging James M. Davis, 60, SFG's chief financial officer, with conspiracy to commit mail, wire and securities fraud; mail fraud; and conspiracy to obstruct an SEC investigation. The information seeks forfeiture of up to $1 billion in fraud proceeds. Davis will make his initial appearance on these charges in Houston in the near future.

Additionally, also unsealed today was an indictment returned in the Southern District of Florida charging Bruce Perraud, 42, a former SFG Global Security Specialist, with destruction of records related to a federal investigation. Perraud allegedly ordered and supervised the destruction of numerous SFG documents housed at SFG's Fort Lauderdale, Fla., office after he was put on notice that a federal court had ordered the preservation of SFG documents in connection with an SEC investigation and lawsuit. Perraud was arrested in the area of Naples, Fla., this morning and will make his initial appearance in the near future.

An indictment is merely an accusation and defendants are presumed innocent until and unless proven guilty at trial beyond a reasonable doubt.

The case is being investigated by the FBI's Houston Field Office, Internal Revenue Service - Criminal Investigation, and the U.S. Postal Inspection Service. The case is being prosecuted by individuals from the Criminal Division's Fraud Section, including Paul E. Pelletier, Principal Deputy Chief; Jack Patrick, Senior Litigation Counsel; Matthew Klecka, Trial Attorney; and Allan Medina, Law Clerk of the Criminal Division's Fraud Section, as well as Gregg Costa, Assistant U.S. Attorney, Southern District of Texas.

The Criminal Division's Asset Forfeiture and Money Laundering Section assisted the trial team by working with our foreign counterparts to facilitate the freezing of more than $300 million of Stanford's assets in the United Kingdom, Canada and other countries. The Criminal Division's Office of International Affairs and the U.S. Attorney's Office for the Southern District of Florida also provided assistance in this matter.

Source: U.S. Department of Justice

CONTACT: U.S. Department of Justice, +1-202-514-2007, +1-202-514-1888
(TDD)

Web Site: http://www.usdoj.gov/

R&B Superstar R. Kelly to Perform For The First Time Ever in Africa

R. Kelly


19 Jun 2009 01:55 Africa/Lagos

ARISE Africa Fashion Awards Brings Week of Global Style Showcase to an Exciting Finale

JOHANNESBURG, June 17/PRNewswire/ --


- R&B Superstar R. Kelly to Perform For The First Time Ever in Africa


On Saturday, 20 June 2009, the inaugural ARISE Africa Fashion Awards will bring ARISE Africa Fashion Week (June 12th - 20th) to an exciting conclusion, with one designer winning the once-in-a-lifetime chance to present at New York Fashion Week in the ARISE Africa Rising show in September. A world-class launching pad for the continent's most promising designers, ARISE Africa Fashion Week -- presented by ARISE Magazine and produced by African Fashion International (AFI) -- will present dozens of collections from across Africa, in Johannesburg.


The awards ceremony will take place at the Sandton Convention Center, Johannesburg, in the sumptuous Pavilion Room from 6 p.m. to 10 p.m. A panel of fashion insiders and experts will present awards to designers and models in several categories, including Designer of the Year, New Face of the Year and an Award for Innovation. In addition, esteemed humanitarian, philanthropist and former First Lady of France Cecilia Attias will deliver the keynote address, "The Promise of Africa." Recently she founded the Cecilia Attias Foundation to support non-governmental organizations in the improvement of women's lives globally.


Nduka Obaigbena, ARISE founder and THISDAY GROUP Chairman, said, "The moment for Africa is upon us. At this time of global economic crisis, the people of Africa must turn disadvantage into opportunity and show the world that we are witnessing the first green shoots of the emerging African century. We have all it takes and we're going for it!"


Dr. Precious Moloi-Motsepe, Founder of Africa Fashion Week and the Africa Fashion Awards, said, "Our goal is to promote and recognize the best of African fashion talent on a global scale and the ARISE Africa Fashion Awards is a further step towards fulfillment of this goal."


Nduka Obaigbena and African Fashion International Chairperson, Dr. Precious Moloi-Motsepe, will present the Lifetime Achievement Award to a surprise honoree.


Among the event's highlights will be a command performance from international, platinum-selling recording artist R. Kelly. R. Kelly's appearance at the ARISE Africa Fashion Awards kicks off a multi-city tour through Africa and ends in London. R.Kelly said, "I'm very excited about my first visit to Africa, I've dreamed about this for a long time and it's finally here. It will be one of the highlights of not only my career but my life. I can't wait to perform in front of my fans in Africa -- who have been some of the best in the world." THISDAY Music and Fashion Festivals, have brought music and fashion icons as well as world and business leaders, to Lagos, Abuja, London and Washington, DC, including Bill Clinton, Jay-Z, Beyonce, Rihanna, Usher and many more.


ARISE Africa Fashion Week launches at a unique moment in history. The U.S. First Lady Michelle Obama's preference for young, multicultural designers, European fashion houses' rage for African motifs and Italian Vogue's recent best-selling issue on black style all point to an unprecedented opportunity for African designers. The ARISE Africa Fashion Awards will train the spotlight on the source of all this inspiration, Africa, and will provide a platform from which its gifted designers can launch international careers and businesses.


ARISE Africa Fashion Week has already confirmed the participation of over 51 of the best African fashion designers from 20 countries and all regions of the continent. ARISE Africa Fashion Week is set to become an annual event hosted by different countries on the continent each year following 2010, with Nigeria expected to host the event in 2011. Organizers, African Fashion International, are confident that it will become one of the world's major perennial, must-attend fashion events.


THISDAY Music Festival Starring R. Kelly, Presented by ARISE Magazine, tour schedule:



Saturday, June 27th at the Superbowl in Sun City

Monday, June 29th at the Grand West Casino in Cape Town

Friday, July 3rd at the THISDAY Dome in Abuja, Nigeria

Saturday, July 4th and Sunday, July 5th in Lagos, Nigeria

Wednesday, July 8th at Wembley Arena in London, UK

Tickets will be available at Computicket.
www.computicket.com

ARISE Magazine


ARISE, launched in February 2009, is the world's first magazine on global African style, culture, business and politics. Produced in London, ARISE is published by THISDAY Media Group, Leaders & Company Ltd, one of Africa's leading daily news outlets. THISDAY events, including the THISDAY Awards and THISDAY Music and Fashion Festivals, have brought music and fashion icons as well as world and business leaders to Lagos, Abuja, London and Washington, DC, including Bill Clinton, Jay-Z, Beyonce, Rihanna, Usher and many more. ARISE is aimed at a readership throughout the global African Diaspora with an interest in the cultural successes and positive social developments coming out of the continent. Its editorial content and quality are tailored to appeal to young and affluent readers.


ARISE is published by THISDAY Media Group, Leaders & Company Ltd.



+44-207-292-8900
+44-207-440-1100

www.arisemagazine.net

African Fashion International (AFI)


African Fashion International (AFI), founded, owns and operates the African continent's most anticipated and directional fashion weeks, namely Cape Town Fashion Week, Durban Fashion Week (50% ownership), Audi JoBurg Fashion Week (autumn/winter), JoBurg Fashion Week (spring/summer) and Arise Africa Fashion Week, in addition to other fashion-related strategic marketing initiatives.


AFI values key company traits of excellence, innovation, transformation, development, relationship building and integrity.


AFI strives to be globally recognized as the leading authority on African fashion-related strategic marketing initiatives and African fashion brands. AFI aims to improve the quality of fashion design output from Africa, to promote African brands, and to dramatically raise the profile of fashion designers from the continent.


AFI is spearheaded by Dr. Precious Moloi-Motsepe, Chairperson.


+27-11-269-6960


www.africanfashioninternational.com


Source: ARISE Africa Fashion Awards

Barry Parasram, bparasram@greatpress.com, or Jennifer Nilsson-Weiskott, jnw@greatpress.com, both for ARISE Fashion Africa Fashion Awards, +1-212-206-7447; or Hannah Paul, hannah.paul@outside-org.co.uk or Penny McDonald, penny.mcdonald@outside-org.co.uk, both for R. Kelly, +44-(0)20-7436-3633

French:
Les Prix de la mode africaine ARISE clôturent en beauté une semaine placée sous le signe de la mode

President Barack Obama is America's Most Respected Daddy

18 Jun 2009 12:49 Africa/Lagos


President Barack Obama and his happy Family.

President Obama Chosen as Dad Most Deserving Respect

For Father's Day, RESPECT! Campaign Celebrates Dads Who Help Kids Build Healthy Relationships

SAN FRANCISCO, June 18 /PRNewswire/ -- This Father's Day the Family Violence Prevention Fund (FVPF), Macy's, and Geoffrey Beene Gives Back(R) are proud to support the RESPECT! Campaign(SM), a multi-year initiative designed to inspire a new movement that will help prevent relationship violence by promoting respect as a fundamental building block for healthy relationships and stronger homes and communities. In celebration of dads everywhere the campaign announced results of a survey revealing America's picks for the best role model dads. The number one spot goes to President Barack Obama, voted as the man who most deserves to be honored on Father's Day for publicly demonstrating the greatest level of respect in his family relationships.[i] Runners up for the "dad who deserves to be honored and respected this Father's Day" were Will Smith, Brad Pitt, and Ben Affleck.


The RESPECT! Campaign is also proud to join with the Founding Fathers, a nationwide group of men who have come together to declare their support for programs that engage men - as fathers, coaches, teachers, and role models - to teach and model respect as a key strategy to help prevent relationship abuse. The Founding Fathers are standing with the FVPF on Father's Day to speak out about the important role of men in modeling healthy relationships and respect within families and beyond. The Founding Fathers - which include men such as Willie Mays, Joe Torre, and Russell Simmons - pledge their public support for the cause in a full page statement in the national edition of the New York Times on Father's Day.


"In an uncertain world where stress is high, setting a tone of mutual respect in the family and teaching young people about the importance of respect in relationships is critical to preventing relationship violence and promoting healthy problem solving. That's why we created the RESPECT! Campaign," says Esta Soler, founder and president of the FVPF. "It's a social action and awareness initiative created with national support from Macy's that uses a positive approach to give parents, teachers, coaches and other role models the tools they need to teach young people about healthy relationships early and often."


Advisor to the RESPECT! Campaign and adult psychiatrist Dr. Janet Taylor offers these tips to help parents talk to their kids and break the cycle of violence:


-- Know that he/she is watching you - Financial and workplace worries can
easily be transferred to the home. Your child watches everything you
say and do - especially how you deal with stress and conflict and how
you treat others. Realizing that your child is like a sponge and that
s/he will learn from your example, Dr. Taylor suggests that parents
keep in mind their actions while in traffic, in restaurants and at the
dinner table - the more respectful behavior you model, the more your
child will learn from your example.
-- Be there - With so much stress in our lives now, Dr. Taylor says it's
important to spend time with your kids and to take advantage of
"teachable moments." Use relevant, real-life situations to teach
children about the importance of respect, positive role models and the
characteristics of healthy relationships.

-- Realize that we all make mistakes - The most important thing that
parents need to understand is that no one is perfect. The goal,
especially in hard and stressful times, is to gain strength through
the problems and learn from the past to make a better future.



The campaign honors role model dads and shares the endearing and memorable ways our fathers teach us love and respect every day. "By uniting in celebration of everyday role models - including the dads across America who are shaping a world free of relationship violence - we are advancing a nationwide movement for respect in relationships," said Martine Reardon, Macy's Executive Vice President of Marketing, "Macy's is proud to support the RESPECT! Campaign in delivering the powerful tools and resources needed to help parents, coaches, teachers and other role models teach the next generation how to live healthy relationships."


This Father's Day, the RESPECT! Campaign is offering several simple ways to thank the dads you know for the great example they set:


-- Give RESPECT! by sending a free Father's Day e-card. For every card
sent, Geoffrey Beene Gives Back(R) will make a $25 donation in the
recipients' name, up to $100,000.
-- Pass on RESPECT! by sending messages on Twitter, joining the RESPECT!
Campaign group on Facebook, adding an "I'm for RESPECT!" tag on your
blog, and sparking conversations with your friends.
-- Learn 10 tips every parent should know to teach children about healthy
relationships.
-- Make a donation to the FVPF in honor of a dad you respect.

-- Purchase and wear the RESPECT! wrist band, available exclusively at
Macy's for $5 in select jewelry departments and at www.macys.com. Half
of all proceeds go directly to the cause.


ABOUT THE FOUNDING FATHERS

On Father's Day 2003, 350 men from all walks of life joined in a historic public statement to call for an end to violence against women and children. This statement, which appeared as a full-page ad in the New York Times came to be known as the new Founding Fathers Declaration.


They call themselves the Founding Fathers because they intend to help build a new kind of society - where decency and respect require no special day on the calendar, where boys are taught that violence does not equal strength and where men stand with courage, lead with conviction and speak with one voice to say, "No More."


"We must teach our sons and daughters how to solve problems through conversation, not confrontation," adds Soler. "Dads have a critical role to play at home and throughout our society - demonstrating kindness, teaching compassion and keeping cool under pressure."


The Founding Fathers will voice their support in a full page New York Times statement running this Father's Day. Several thousand fathers and sons have joined the movement since its inception and several thousand more have been honored as Founding Fathers by women in their lives who make gifts in their name to the FVPF on Father's Day. The men aim to end relationship and domestic abuse by standing up and investing in prevention programs.


ABOUT THE RESPECT! CAMPAIGN


The RESPECT! Campaign is the Family Violence Prevention Fund's (FVPF) latest initiative to advance a national movement to promote healthy relationships and stop relationship violence through positive role modeling and respect education. Sponsored nationally by Macy's, with additional support from Geoffrey Beene Gives Back(R), the RESPECT! Campaign encourages individuals to help prevent and end domestic and dating violence, sexual assault, and other forms of relationship abuse by talking with young people early and often about respect, and modeling that behavior in their own relationships. Through conversation guides for parents, lesson plans for teachers, tools for coaches, and other instructional "Respect Tools," the campaign offers a variety of resources to support moms, dads, teachers, coaches, and other living, breathing role models who have critical roles to play in helping our sons and daughters shape a world that is free of relationship violence. To learn more, visit www.giverespect.org.


About the Family Violence Prevention Fund (FVPF)


For nearly three decades, the Family Violence Prevention Fund has worked to end violence against women, children, and families around the world, because every person has the right to live free of violence. For more information, visit www.endabuse.org.


About Macy's


Macy's, the largest retail brand of Macy's, Inc., delivers fashion and affordable luxury to customers at more than 800 locations in 45 states, the District of Columbia, Puerto Rico and Guam. Macy's stores and macys.com offer distinctive assortments including the most desired family of exclusive and fashion brands for him, her and home. Macy's is known for such epic events as Macy's 4th of July Fireworks(R) and the Macy's Thanksgiving Day Parade(R), as well as spectacular fashion shows, culinary events, flower shows and celebrity appearances. Building on a 150-year tradition, Macy's helps strengthen communities by supporting local and national charities that make a difference in the lives of our customers. For Macy's media materials, images and contacts, please visit us online.


About Geoffrey Beene Gives Back(R)


Geoffrey Beene Gives Back(R) represents a unique model for charitable giving in the fashion industry: 100% of net profits from Geoffrey Beene, LLC, are donated to philanthropic causes. The Foundation that bears the designer's name has made over $145 million in charitable commitments since 2006. To date, Geoffrey Beene Gives Back (R) has donated more than $600,000 to the RESPECT! Campaign.


[i] Online survey conducted April 2009 by Impulse Research for Family Violence Prevention Fund with a random sample of 1,011 men and women, 18+. Overall sampling error rate is +/-3% at the 95% level of confidence.


Source: Family Violence Prevention Fund

CONTACT: Lisa Brogan, +1-310-854-8278, LBrogan@currentlm.com, for Family
Violence Prevention Fund

Nduka Obaigbena Challenges Africans at the ARISE Africa Fashion Awards

16 Jun 2009 16:11 Africa/Lagos

"The moment for Africa is upon us. At this time of global economic crisis, the people of Africa must turn disadvantage into opportunity and show the world that we are witnessing the first green shoots of the emerging African century. We have all it takes and we're going for it!"

~ Nduka Obaigbena, ARISE founder and THISDAY GROUP Chairman



ARISE Africa Fashion Awards Brings Week of Global Style Showcase to an Exciting Finale

R&B Superstar R. Kelly to Perform For The First Time Ever in Africa

JOHANNESBURG, South Africa, June 16 /PRNewswire/ -- On Saturday, 20 June 2009, the inaugural ARISE Africa Fashion Awards will bring ARISE Africa Fashion Week (June 12th - 20th) to an exciting conclusion, with one designer winning the once-in-a-lifetime chance to present at New York Fashion Week in the ARISE Africa Rising show in September. A world-class launching pad for the continent's most promising designers, ARISE Africa Fashion Week -- presented by ARISE Magazine and produced by African Fashion International (AFI) -- will present dozens of collections from across Africa, in Johannesburg.



The awards ceremony will take place at the Sandton Convention Center, Johannesburg, in the sumptuous Pavilion Room from 6 p.m. to 10 p.m. A panel of fashion insiders and experts will present awards to designers and models in several categories, including Designer of the Year, New Face of the Year and an Award for Innovation. In addition, esteemed humanitarian, philanthropist and former First Lady of France Cecilia Attias will deliver the keynote address, "The Promise of Africa." Recently she founded the Cecilia Attias Foundation to support non-governmental organizations in the improvement of women's lives globally.


Nduka Obaigbena, ARISE founder and THISDAY GROUP Chairman, said, "The moment for Africa is upon us. At this time of global economic crisis, the people of Africa must turn disadvantage into opportunity and show the world that we are witnessing the first green shoots of the emerging African century. We have all it takes and we're going for it!"


Dr. Precious Moloi-Motsepe, Founder of Africa Fashion Week and the Africa Fashion Awards, said, "Our goal is to promote and recognize the best of African fashion talent on a global scale and the ARISE Africa Fashion Awards is a further step towards fulfillment of this goal."


Nduka Obaigbena and African Fashion International Chairperson, Dr. Precious Moloi-Motsepe, will present the Lifetime Achievement Award to a surprise honoree.


Among the event's highlights will be a command performance from international, platinum-selling recording artist R. Kelly. R. Kelly's appearance at the ARISE Africa Fashion Awards kicks off a multi-city tour through Africa and ends in London. R.Kelly said, "I'm very excited about my first visit to Africa, I've dreamed about this for a long time and it's finally here. It will be one of the highlights of not only my career but my life. I can't wait to perform in front of my fans in Africa -- who have been some of the best in the world." THISDAY Music and Fashion Festivals, have brought music and fashion icons as well as world and business leaders, to Lagos, Abuja, London and Washington, DC, including Bill Clinton, Jay-Z, Beyonce, Rihanna, Usher and many more.


ARISE Africa Fashion Week launches at a unique moment in history. The U.S. First Lady Michelle Obama's preference for young, multicultural designers, European fashion houses' rage for African motifs and Italian Vogue's recent best-selling issue on black style all point to an unprecedented opportunity for African designers. The ARISE Africa Fashion Awards will train the spotlight on the source of all this inspiration, Africa, and will provide a platform from which its gifted designers can launch international careers and businesses.


ARISE Africa Fashion Week has already confirmed the participation of over 51 of the best African fashion designers from 20 countries and all regions of the continent. ARISE Africa Fashion Week is set to become an annual event hosted by different countries on the continent each year following 2010, with Nigeria expected to host the event in 2011. Organizers, African Fashion International, are confident that it will become one of the world's major perennial, must-attend fashion events.


THISDAY Music Festival Starring R. Kelly, Presented by ARISE Magazine, tour schedule:


Saturday, June 27th at the Superbowl in Sun City

Monday, June 29th at the Grand West Casino in Cape Town

Friday, July 3rd at the THISDAY Dome in Abuja, Nigeria

Saturday, July 4th and Sunday, July 5th in Lagos, Nigeria

Wednesday, July 8th at Wembley Arena in London, UK

Tickets will be available at Computicket.
www.computicket.com


ARISE Magazine


ARISE, launched in February 2009, is the world's first magazine on global African style, culture, business and politics. Produced in London, ARISE is published by THISDAY Media Group, Leaders & Company Ltd, one of Africa's leading daily news outlets. THISDAY events, including the THISDAY Awards and THISDAY Music and Fashion Festivals, have brought music and fashion icons as well as world and business leaders to Lagos, Abuja, London and Washington, DC, including Bill Clinton, Jay-Z, Beyonce, Rihanna, Usher and many more. ARISE is aimed at a readership throughout the global African Diaspora with an interest in the cultural successes and positive social developments coming out of the continent. Its editorial content and quality are tailored to appeal to young and affluent readers.


ARISE is published by THISDAY Media Group, Leaders & Company Ltd.

+44 207 292 8900
+44 207 440 1100

www.arisemagazine.net


African Fashion International (AFI)

African Fashion International (AFI), founded, owns and operates the African continent's most anticipated and directional fashion weeks, namely Cape Town Fashion Week, Durban Fashion Week (50% ownership), Audi JoBurg Fashion Week (autumn/winter), JoBurg Fashion Week (spring/summer) and Arise Africa Fashion Week, in addition to other fashion-related strategic marketing initiatives.


AFI values key company traits of excellence, innovation, transformation, development, relationship building and integrity.


AFI strives to be globally recognized as the leading authority on African fashion-related strategic marketing initiatives and African fashion brands. AFI aims to improve the quality of fashion design output from Africa, to promote African brands, and to dramatically raise the profile of fashion designers from the continent.


AFI is spearheaded by Dr. Precious Moloi-Motsepe, Chairperson.
+27 11 269 6960

www.africanfashioninternational.com

Source: ARISE Africa Fashion Awards

CONTACT: Barry Parasram, bparasram@greatpress.com, or Jennifer
Nilsson-Weiskott, jnw@greatpress.com, both of Paul Wilmot Communications,
+1-212-206-7447


Web Site: http://www.arisemagazine.net/
http://www.africanfashioninternational.com/


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17 Jun 2009
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World Finance Banking Awards
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20:53
USAID Commemorates Day of the African Child; Launches Two Decades Report on Child Survival and Maternal Health
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ARISE Africa Fashion Awards Brings Week of Global Style Showcase to an Exciting Finale
14:00
China Precision Steel Holds Annual General Meeting of Shareholders
15 Jun 2009
13:25
'Come Out' Album's Message: God Loves You Just as Gay as You Are
12 Jun 2009
20:45
Platts Survey: May OPEC Oil Output Rose to 28.39 Million Barrels Per Day
11 Jun 2009
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EODT Announces Appointment of Senior Vice President of Business Development
10 Jun 2009
14:30
West African 'Oil Rush' Is On, Reports Gold Star Resources Corp. CEO in AFROIL Online News Column
12:00
World Congress of Families Event Shows African Support for Family Values

Nigerian Lesbian Gospel Singer Rocks America

15 Jun 2009 13:25 Africa/Lagos

'Come Out' Album's Message: God Loves You Just as Gay as You Are

LOS ANGELES, June 15 /PRNewswire/ -- Gospel singer and an out lesbian member of clergy in the Gospel Truth Music Ministry (http://www.rizigospel.com/), the Rev. Rizi Nasele Timane' is unveiling her new album "Come Out," a collection of original songs that call for full human rights for the lesbian, gay, bisexual and transgender community. As part of the album's promotion, Timane' is touring the United States during the summer of 2009.


The album's title song challenges the fundamentalist notion that God and the Bible condemn homosexuality and strives to educate the public about what the Bible really says and does not say about homosexuality. "I have extensively studied the Greek and Hebrew translations of the Bible, and I found that, when interpreted properly, the Bible does not condemn homosexuality at all," stated Timane'.


"I'm the first out lesbian reverend and gospel singer from Nigeria, West Africa," Timane' continued. "I was one of the first people to identify as openly gay in homophobic Africa, and I know firsthand how that rejection translates to drug addiction and suicide." According to the Massachusetts 2006 Youth Risk Survey, lesbian, gay, bisexual, transgender and questioning youth are up to four times more likely to attempt suicide than their heterosexual peers. Additionally, San Francisco State University's Chavez Center Institute has found that LGBTQ youth who come from a rejecting family are up to nine times more likely to attempt suicide than their heterosexual peers because of the negative treatment endured.


"For LGBT persons, this painful struggle with religion or spirituality and sexuality is responsible for depression, low self-esteem, drug addiction, self-abuse, isolation and the entering into of false heterosexual marriages," said Timane'. "Worst of all, it's responsible for thousands of suicides each year in the LGBT community, especially amongst our teens and young adults. It is my hope to put a stop to these negative traits and suicides by re-educating our community."


"Anti-LGBT arguments like the one contending that California's Proposition 8 ensures children's wellbeing by providing them with a mother and father are totally absurd. In the case of Proposition 8, the state's laws permit adoption by gay and lesbian parents as well as single parents and even allows courts to assign a single grandparent, aunt, uncle or even a non-blood relative to be a child's guardian or caregiver," continued Timane'.


"The goal of my new album is to enable any LGBT person seeking God to know that God loves them just as gay as they are," states Timane'. She also wants to help those who are struggling with their spirituality and sexuality, just as she did for many years, to finally find complete reconciliation and affirmation.


Gospel music lovers and Timane' fans will be able to attend live performances at the following times and events:


-- June 20 at 2:50 p.m., Rhode Island PrideFest in Station Park


-- June 27 at 3 p.m. and June 28 at 12:30 p.m., San Francisco Pride Celebration in Civic Center Plaza


-- July 9 at 7:30 p.m., Annual Fellowship Convention in Westin Atlanta Airport hotel


-- July 18 at 2 p.m., San Diego Gay Pride 2009 in Balboa Park


To learn more about Timane' and her experiences as a gay Christian that inspired her music, visit http://www.rizigospel.com/.


"Come Out" video: http://www.youtube.com/watch?v=Rfre1lV61Es


Contact:

Christina Thach
Gospel Truth Music Ministry
888-474-9423
thegospeltruthmusic@yahoo.com



This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.


Source: The Gospel Truth Music Ministry

CONTACT: Christina Thach of Gospel Truth Music Ministry,
+1-888-474-9423, thegospeltruthmusic@yahoo.com


Web Site: http://www.rizigospel.com/

West African 'Oil Rush' Is On, Reports Gold Star Resources Corp. CEO in AFROIL Online News Column

10 Jun 2009 14:30 Africa/Lagos


West African 'Oil Rush' Is On, Reports Gold Star Resources Corp. CEO in AFROIL Online News Column

VANCOUVER, June 10 /PRNewswire-FirstCall/ -- West Africa now offers "unparalleled opportunities" for major and independent oil and gas companies, writes Patrick Morris, CEO of Vancouver-based Gold Star Resources Corp. (OTC Bulletin Board: GXXFF; TSX-V; GXX; www.goldstarresources.com) in the June 10th issue of AFROIL, Africa Oil & Gas Monitor, an online publication of Newsbase Ltd., Edinburgh, Scotland read by subscribers in 25 countries (www.newsbase.com; Week 23; page 5 Guest Column). Morris, author of a news column published in AFROIL entitled "West African Oil Rush, Challenges", reported that changing geopolitics, reduced security and political risks, the recent 1.8 billion barrel discovery in West Africa's largest oilfield, the Jubilee in Ghana, and a new African foreign policy by recently elected U.S. President Barack Obama have all helped in making West Africa a "desirable destination for oil and gas exploration and production."

According to Morris, "For a long time West Africa has been off the radar of the international community because of messy politics and brutal civil wars. Also, apart from Nigeria and Gabon, there had been the disappointing size of oil discoveries made at times of low oil prices. All this is now changing. Expectations by countries and oil & gas companies to discover new reserves in the region are high. Exploration and seismic research activities are underway in all countries of West Africa bar Burkina Faso and Cape Verde. Governments are also actively involved. For example, in Liberia, the National Oil Company of Liberia (NOCAL) is promoting oil and gas exploration and development of its hydrocarbon resources along its continental shelf and slope. The sub-region is also gaining global attention as calm has been restored to countries such as Liberia, Sierra Leone and Cote d' Ivoire, reducing security risks."

"The role of junior exploration companies is to set the trend," Morris writes in his news column. " For example, Gold Star Resources is the first and only junior company to go after onshore oil and gas opportunities in Cote d' Ivoire and Liberia since the 1970s. Larger players are competing for offshore blocks all along the coast - but with no plans for any onshore exploration."

Gold Star Resources recently signed a Letter-of-Intent with Bengal Bight Ghana to acquire 100% of the hydrocarbon rights to the Tiampoum mining concession, approximately 1,000 square km, in Cote d' Ivoire. In January, Gold Star entered West Africa when it acquired 90% of the issued and outstanding shares of Liberia's International Resources Strategies Liberia Energy (IRSLE).

Source: Gold Star Resources Corp.

CONTACT: Patrick Morris, CEO, Gold Star Resources Corp.,
+1-604-641-4450, pm@goldstarresources.com

Web Site: http://www.goldstarresources.com/

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11 Jun 2009
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10 Jun 2009
14:30	West African 'Oil Rush' Is On, Reports Gold Star Resources Corp. CEO in AFROIL Online News Column
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Nairaland is the Biggest and Richest Nigerian Website

Nairaland, the biggest Nigerian website by traffic is also the richest in advert revenue as estimated by Website Outlook.

The owner of Nairaland makes more than N50, 000 daily from adverts alone.

The following post shows the advert revenue and pageviews of the leading Nigerian websites.

Nairaland, the Nigerian Forum

Nigerian discussion forum offering threads in entertainment, technology and general discussion categories.

Jobs/Vacancies Romance Autos Politics

Music/Radio Education Business Properties

nairaland.com Estimated Worth $427247.1 USD
Title
Description
Daily Pageview 194346
Daily Ads Revenue $585.27

Last updated 14 Days ago


punchontheweb.com Estimated Worth $291700.7 USD
Title
Description
Daily Pageview 132450
Daily Ads Revenue $399.59

Last updated 127 Days ago


nigeriaworld.com Estimated Worth $101287.5 USD
Title
Description
Daily Pageview 45432
Daily Ads Revenue $138.75



saharareporters.com Estimated Worth $89366.6 USD
Title
Description
Daily Pageview 40061
Daily Ads Revenue $122.42

Last updated 57 Days ago


234next.com Estimated Worth $38303.1 USD
Title
Description
Daily Pageview 16823
Daily Ads Revenue $52.47

bellanaija.com Estimated Worth $21359.8 USD
Title
Description
Daily Pageview 9086
Daily Ads Revenue $29.26


naijarules.com Estimated Worth $15877.5 USD
Title
Description
Daily Pageview 6583
Daily Ads Revenue $21.75



lindaikeji.blogspot.com Estimated Worth $5628.3 USD
Title
Description
Daily Pageview 1994
Daily Ads Revenue $7.71

Last updated 253 Days ago



huhu.com Estimated Worth $949 USD
Title
Description
Daily Pageview 432
Daily Ads Revenue $1.3

Last updated 20 Days ago

Video: The Nightmare of a Canadian Hostage in Nigeria

Egyptian Public to Greet Obama With Suspicion

3 Jun 2009 03:00 Africa/Lagos


Egyptian Public to Greet Obama With Suspicion

COLLEGE PARK, Md., June 2 /PRNewswire-USNewswire/ -- A new WorldPublicOpinion.org poll finds Egyptians continue to view U.S. foreign policy quite negatively and see President Obama as closely aligned with it. At the same time, Obama has much better ratings than Bush had, and there are signs of thawing feelings toward the U.S.

Asked how much confidence they have in Obama to do the right thing in international affairs, 39 percent say they have some or a lot of confidence -- up sharply from the 8 percent who viewed George W. Bush positively in January 2008. Views of the United States government have also improved with favorable views rising to 46 percent from 27 percent in an August 2008 WorldPublicOpinion.org poll.

However, there has been little change in the views of U.S. foreign policy. Sixty-seven percent say that the U.S. plays a negative role in the world.
Large majorities continue to believe the U.S. has goals to weaken and divide the Islamic world (76%) and control Middle East oil (80%). Eight in 10 say the U.S. is seeking to impose American culture on Muslim countries (80%). Six in ten say it is not a goal of the U.S. to create a Palestinian state. These numbers are virtually unchanged from 2008.

When asked about Obama's goals, Egyptians' views are almost exactly the same as their views of U.S. goals. Sixty percent say they have little or no confidence that Obama will do the right thing in international affairs.
"Egyptians appear to be saying to Obama, 'Show me you are really different,'" comments Steven Kull, director of WorldPublicOpinion.org, a project managed by the Program on International Policy Attitudes at the University of Maryland.
The poll was conducted through face-to-face interviews from April 25-May 12 with 600 urban Egyptians. The margin of error is 4.1 percent.
Respondents were also polled on their views of democracy, the Muslim Brotherhood, and Afghanistan.

For more information, please visit: www.worldpublicopinion.org.
Source: Program on International Policy Attitudes (PIPA) at the University of
Maryland

CONTACT: Steven Kull, Director of PIPA, +1-202-232-7500
Web Site: http://www.worldpublicopinion.org/

Question of the Day:

Can Obama win Muslim hearts and minds?

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'AIDS is DC's Katrina' Ad Challenges Obama to Act on U.S. Epidemic
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Pro-Family Leaders Meet at WCF African Conference: World Congress of Families 'Dialogue of Civilizations,' in Abuja, Nigeria, June 5-7
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Leading Anti-Money Laundering Association Brings Crucial Training, Networking to West African AML Professionals

Re-Branding Nigeria: Beauty and the Beast

Prof. Dora Nkem Akunyili

Re-Branding Nigeria: Beauty and the Beast

The beauty of Prof. Dora Nkem Akunyili is epitomized by her incorruptible personality. She is patriotic and pragmatic in her commitment to the nation building of a New Nigeria.

She became a national icon of patriotism and pragmatism and a popular role model for Nigerians when she was a successful Director General of National Agency for Food and Drug Administration and Control (NAFDAC) and used her position for the control and prevention of fake pharmaceutical products, foodstuffs and beverages in Nigeria. Her daring campaign against the importation, production and distribution of counterfeit drugs and unsafe food and subsequent destruction of fake drugs made her the heroine of the Nigerian government. Then surprisingly she was appointed as the new Minister of Information and Communication when most Nigerians thought she would have been more suitable as the Minister of Health. Dora Akunyili the Amazon accepted the challenge of her new office and soon came up with the banner of Re-branding Nigeria.

I see re-branding of Nigeria as the conscientization of Nigerians to develop a national consciousness for the reformation and redemption of Nigeria after decades of socio-political decadence and the institutionalization of corruption in public office.

Nigerians have been maligned and stigmatized all over the world as the infamous perpetrators of the 419 Yahoo-Yahoo Internet scams and shameless corrupt public officials. Nigeria has the worst reputation among African countries in the global village. Dora Akunyili believes we can redeem the battered image of Nigeria and came up with the new slogan of great nation, good people, but she has been confronting dissenting voices of opposition from several local and international quarters of cynical Nigerian skeptics and pessimists who have given up hope on the redemption of Nigeria. They do not doubt her capability, but they are afraid that she would not be able to reform Nigerians who are incorrigible criminals and who do not have scruples.

Behaviour change is tough, but no matter how disappointed most Nigerian are, Dora Akunyili believes that Nigerians are really redeemable. She reminds me of the fable of Beauty and the Beast.
But can the beauty of the incorruptible heroine tame the beast of corruption on rampage in Nigeria? My answer is yes, Dora Akunyili can do it and we should give her all the cooperation and support she needs for the redemption and transformation of corrupt Nigerians for the nation building of a New Nigeria that we can be proud of as a great nation of good people.