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Nigeria’s apex bank partners Lagos on ₦22 billion national theatre renovation2 minutes read

Herbert Wigwe, says the project is in line with the FG’s vision of lifting 100 million people out of poverty

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Nigeria's apex bank partners Lagos government on ₦22 billion national theatre renovation

The Central Bank of Nigeria and the Lagos State Government team have assessed the National Arts Theatre ahead of a new investment plan that includes building a Creative Industry Park at the Theatre.

In the assessment team are Lagos State Governor, Babajide Sanwo-Olu; his Deputy, Dr. Obafemi Hamzat; CBN Governor, Godwin Emefiele;  Permanent Secretary, Lagos State Land Bureau, Bode Agoro and CBN Director of Corporate Communications, Isaac Okorafor.

The tour was targeted at assessing the state of the facility meant to benefit from ₦22 billion Creative Industries and Financing Initiative (CIFI) championed by the CBN and Bankers’ Committee. The project and others planned for Enugu or Port Harcourt and Kano are expected to create millions of direct and indirect jobs for Nigerians.

The Chairman of Body of Bankers CEOs, Herbert Wigwe, says the project is in line with the federal government’s vision of lifting 100 million people out of poverty.

He says the creative village will provide employment for at least, a million Nigerians, who have skills in music, IT, movies, among others.

“We are beginning to think of the multiplier effects – one million direct youths- it may mean that we may have 20 million youths taken out and given proper jobs. Now, begin to imagine as well what this edifice would mean if we happen to develop the National Theatre.”

Speaking on plans for the construction, he further added:

“We have been to several countries on the continent, none of them have an edifice like this. Now, ours is derelict, but we believe in two years, working under the auspices of the CBN Governor, we would be able to raise the requisite private sector funds to support and give this centre a proper facelift.”

Wigwe, who is also the Group Managing Director/CEO of Access Bank Plc, says the assessment list was to enable the team to see what is going on before the actual work begins.

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Did you know Stormzy is Ghanaian ?

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Shocking? Yes. Find out how.
Michael Ebenezer Kwadjo Omari Owuo Jr., known professionally as Stormzy, was born 26th July, 1993 and is a British rapper, singer and songwriter.


His mother is Ghanaian, and he is a cousin of rapper Nadia Rose. He grew up in South Norwood, London, with his mother, brother, and two sisters. Stormzy did not come from a particularly musical household, though he liked music. He attended Stanley Tech South Norwood. He began rapping at the age of 11 and would clash with older rappers at his local youth club.


Stormzy has said about his school years: “I was a very naughty child, on the verge of getting expelled, but I wasn’t a bad child; everything I did was for my own entertainment. But when I went into an exam I did really well. “He said he got six A*s, three As, and five Bs on his GCSEs, but then only achieved a “humbling” ABCDE on his A Levels: “For someone who would cuss in class and was on the verge of being expelled, it was A Levels that showed me that in life you need work ethic.


“He studied for an apprenticeship in Leamington Spa, Warwickshire, and worked in quality assurance for two years at an oil refinery in Southampton, Hampshire.
In 2014, he gained attention on the UK underground music scene through his Wicked Skengman series of freestyles over classic grime beats.


Stormzy’s “Shut Up”, which was initially released as a freestyle on YouTube, became popular and peaked at number eight on the UK Singles Chart after he launched a campaign to reach Christmas number one. Stormzy won Best Grime Act at the 2014 and 2015 MOBO Awards and was named as an artist to look out for in the BBC’s Sound of 2015 list. His debut album, Gang Signs & Prayer (2017), was the first grime album to reach number one on the UK Albums Chart and won British Album of the Year at the 2018 Brit Awards. In 2019, Stormzy achieved his first UK number-one single with “Vossi Bop” and his headline appearance at the 2019 Glastonbury Festival was widely praised; he wore a Union Jack stab vest designed by Banksy, in light of the rise in knife crime in London. His second album, Heavy Is the Head, was released on 13 December 2019.


Known for his controversial and outspoken comments on UK politics, Stormzy endorsed Labour Party leader Jeremy Corbyn in 2016. On 21 February 2018, he performed a freestyle at the 2018 Brit Awards, calling out Theresa May for her inaction in the aftermath of the Grenfell Tower fire the previous year. When he performs “Vossi Bop” live – including at major events – Stormzy tends to encourage the audience to chant the lyric “Fuck the Government and fuck Boris” to him — the latter a reference to former London Mayor and now British Prime Minister Boris Johnson.


His second album, Heavy Is the Head, for release on 13th December, 2019. Stormzy was recognised for both his contributions to music and his activism, landing him at number 5 in the Top 10 of the annual Powerlist in 2020, with an estimated net worth of £20 million in 2020.
Heavy is the Head was shortlisted for the Mercury Prize 2020. This was the second nomination in his career.



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African Queen of Chocolate City

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Victoria Kimani was born 28th, July 1985. She is a Kenyan singer, songwriter, actress and entertainer. She was previously signed to Nigerian Record Label Chocolate City and was described as the record label’s first lady. As a singer, she is popularly known for her numerous hits and sense of style. Her penetration into the African music industry has earned her a number of nominations, with her singles receiving numerous airplay across Africa. Her debut album was expected in 2016.


Kimani was born in Los Angeles, California to clergy parents. She has two older brothers. She lived in Benin City, Nigeria for 2 years, where her parents were doing missionary work. She began singing at the age of 9 and at age 16, she began performing alongside other church choir members as a back-up and writing songs for others.

Before moving back to her mother country, Kenya, she met one of her fan named Bright Chukwuma who had a life long crush on her. Rumours has it that this young man refused to date anyone else other than Victoria .She later dropped out to fully pursue a career in music. In 2010, Kimani performed a remix of Ice Prince’s hit single “OLEKU” (remixed by Nathaniel Williams Jr.), which caught the attention of Chocolate City executive Ice Prince who she dated for 2 years. In late 2012, she was the first female artiste signed by Nigeria’s music label Chocolate City. She released her first single under the label, “Mtoto”, the Swahili word for “child”, in March 2013. The video was shot in Los Angeles.



Subsequently she released several mixtapes. In 2014, she released the single “Show”, produced by singer and producer Tekno Miles. Later in 2014, she released “Prokoto”, a Congolese word that means “swagger.” She featured Tanzanian artists, Diamond Platnumz and Ommy Dimpoz.

In February 2015, Kimani joined forces with divas Cynthia Morgan and Emma Nyra and released the video “Vex”. On 23 July 2015, she released the video “Two of Dem”. In May 2015, she released her work “Loving You”, in which she collaborated with Nigerian label mate, Ice Prince. On 4 November 2015 she released “Booty Bounce”.

On 21 January 2016, Kimani released her new single “All the Way”, featuring Khuli Chana. The song pays homage to renowned artist Angelique Kidjo in her classic “Wombo Lombo”. The video was shot in Johannesburg,South Africa and was produced by Reinhard.
The singer released “Safari” the album released in December 2017, and features high profile collaborations from stars across the continent. Sarkodie, Khuli Chana, Jesse Jagz, Phyno and Ice Prince.
One of Chocolate City’s bragging credentials in the African music space rests on the fact that they have talents not just in Nigeria, but in other countries. But Kimani’s imminent exit threatened that due to the expiration of her contract.


In December 2017 the singer granted an interview with Adelle Onyango and Shaffie Weru on Breakfast with the Stars, Victoria revealed that her contract with Chocolate City had expired and it was time for her to be an independent artiste. She said, “You know like every contract has an expiry date. The contract was over and to be honest with you, most of the time I was on the label, I felt like an independent artiste anyway. I did most things by myself. So it was just time for me to step out on my own and do my own thing and not have to split money with anybody.”

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Khanyi Mbau Loses Luxury Cars

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South African actress and media personality Khanyi Mbau seems to have hit hard times of late. The actress is in trouble with the Standard Bank after she failed to make payments for her two luxury cars, a Porsche Carrera and a Mercedes Benz AMG.


According to the Sunday World, Standard Bank has since filed a lawsuit at the Joburg High Court to force Khanyi to return the luxury cars after defaulting on monthly installments. The papers were filed by Alexandra Pesci Martins, Weir Smith Inc Attorneys on behalf of a Standard Bank at the Johannesburg High Court last week. The bank seeks an order to cancel the installments of the former Metro FM presenter’s Porche Carrera and Mercedes-Benz AMG reads the statement. The bank is pleading with the court to force the former Muvhango and Uzalo actress to return the luxury cars.


However, Khanyi told the newspaper that the Mercedes was sold two weeks ago. She says she does not understand why the bank did not pick it up. Khanyi also expressed shock that the bank had decided to take her to court, asserting that she is quite willing to resolve the matter amicably. She added that she is only one month behind in arrears for the Porche and she expects to be up to date soon. She is willing to arrange the meeting to sort things out with the bank.


According to the Sunday World, Khanyi bought both vehicles for at least R1.5 Million each and was paying at least R28 000 a month for each vehicle. However, the Covid-19 induced national lockdown seems to have affected her adversely resulting in her skipping payments for both luxury cars in March, April, and May. She later made the outstanding payments although she is yet to pay for the month of August.


Khanyi Mbau wae born Khanyisile Mbau but known professionally as Khanyi Mbau. She is a South African actress, television host and artist. Raised in Soweto, Mbau rose to widespread prominence and became a household name as the second Doobsie in the SABC 2 soap opera Muvhango (2004-2005) as Mbali in the SABC 1 soap opera Mzansi and SABC 1’s mini-series After Nine. As of 2018, she is the host of the SABC 3 entertainment show The Scoop, The Big Secret on BET Africa and plays Tshidi on Mzansi Magic’s Abomama.


In 2004, Mbau replaced actress Lindiwe Chibi in the role of Doobsie on Muvhango after Chibi was shot by her boyfriend. A year later she was fired from the role, reportedly for spending too much time partying and appearing in the Sunday tabloids. In 2006, she joined the SABC 1 hit drama series Mzansi, in its second season, as Mbali. SABC 1 did not renew the show for a third season. Later in 2007 Mbau played the role of Zee in the SABC 1 mini-series After 9. In 2012 she was the guest judge on the second season of SABC 1’s Turn It Out. In 2013 she starred in an episode of E.tv’s anthology drama series, Ekasi: Our Stories.

She also featured in the DStv Vuzu documentary, I Am, and she portrayed Sindisiwe Sibeko on DStv’s Mzansi Magic mini-series Like Father Like Son. In 2017, Mbau began production of her third film with filmmaker and comedian Leon Schuster, Frank and Fearless, which was set for cinema release in 2018.

In November 2018, Mbau announced the launch of her own brand of gin called I Am Khanyi – Millennial Shimmer Gin.

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