heirs

Heirs Insurance Ltd., says it has chanced its name to Heirs General Insurance (HGI). The organisation said its subsidiaries, Heirs Insurance Ltd. (HIL) and Heirs Life Assurance (HLA) also made appointments to some of their senior leadership positions. The Communications Manager of Heirs Life, Timilehin Adebiyi, said this in a statement on Tuesday in Lagos. Mr Adebiyi said the company has appointed Wole Fayemi as its managing director/chief executive officer (MD/CEO). According to him, the appointment takes…

The investment firm managing nearly $1.5 billion of assets for members of Nintendo's founding family is willing to play a long game when it comes to portfolio companies and can wait more than a decade to see a turnaround, a top executive said. That timeline helps explain why Yamauchi-No.10 Family Office shows no sign of relenting nearly a year into its quest to take marine construction firm Toyo Construction Co private, a takeover battle that could see a critical turn at an annual shareholder meeting in June. The…

The children and heirs of the late Canadian singer-songwriter Leonard Cohen have accused his former manager and his attorneys of forgery.A motion filed by 48-year-old Lorca and 50-year-old Adam Cohen and reviewed by Variety indicates that Cohen’s two adult children accuse Cohen’s former manager Robert Kory along with his legal representatives of forgery of Cohen’s signed trust that is valued at $48m.The motion includes an excerpt of a deposition filed by the Cohens’ attorney Adam Streisand in which Kory’s former attorney…

Long ago, I wrote in the Guardian that a 1980 London performance by the Art Ensemble of Chicago – Lester Bowie (trumpet), Joseph Jarman (saxes), Malachi Favors Maghostut (bass), Roscoe Mitchell (sax and composition) and Famoudou Don Moye (percussion) – had felt “like a sermon, a drama … and a history lesson all at once”. The late great American jazz sage Nat Hentoff went further, suggesting the band was “reaching back conceptually to long before there ever was anything called jazz, and moving toward a future beyond…

Jurors in a downtown courtroom Wednesday watched intently as James Leprino, one of the city’s richest and most reclusive men, described in his own words how he pushed his nieces out of Denver-based Leprino Foods and left their 25-percent stake in the company worthless. For three hours, clips from a video deposition of the 84-year-old billionaire were played before eight jurors on a large flat-screen television in the courtroom. In the clips, Leprino said that in 2014 he came to believe his older brother, Mike Leprino, had…

Brand New Images | Stone | Getty ImagesA lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road.That's because one type of trust gives them better odds of shifting some wealth to their children, grandchildren or other heirs tax-free when markets are down — but a subsequent rebound is expected, according to estate planners.A grantor-retained annuity trust — or "Grat"— facilitates tbenefit.In basic terms, the wealthy put assets like…

Leading Pan-African investment company, Heirs Holdings (HH), today announced the appointments of Chiugo Ndubisi and Victor Osadolor to its Board of Directors, effective August 26. Chiugo Ndubisi joins the Board of Heirs Holdings as an Executive Director. An accomplished financial services professional, with 25 years of experience in the banking sector, he will be responsible for driving growth across Heirs Holdings’ investment portfolio. Prior to joining Heirs Holdings, he served as an Executive Director at the…

Shell Plc will receive two final bids for its stake in its Nigerian joint venture this week from Tony Elumelu’s Heirs Holdings and local firm ND Western Limited, Bloomberg reported Wednesday, citing people close to the heart of the matter. The two are scrambling to procure Shell’s three-tenths holding in the JV located in the crude-rich Niger Delta region and offshore fields neighbouring it. Shell will stop welcoming bids on Friday, according to the people who spoke on the condition that…

Paramount Pictures has been sued for copyright infringement over its latest blockbuster hit Top Gun: Maverick.The action movie – which sees Tom Cruise as the Navy’s top pilot confronting the ghosts of his past – is a sequel to the original 1986 movie, in which he also starred.Since its release on 27 May, it has broken box office records, earning an estimated $151m (£119m) in North America for the four-day Memorial Day weekend, in addition to another $85m (£68m) in its second week, including $25m (£20m) on Friday 3 June.…