The Late 5: These are the stories that drove conversations today

These are the top five stories that drove conversation today. Court grants ex-FCT minister, Bala Mohammed bail The former Minister of the Federal Capital Territory, Bala Mohammed was granted bail on Tuesday by a Federal High Court in Abuja. Mohammed has been in the custody of the Economic and Financial Crimes Commission (EFCC) since October... Read More

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$1bn, bala mohammed, kerosene subsidy, The Late 5, Yemi Osinbajo

November 29, 2016

FG spent $1bn on kerosene subsidy last year – Osinbajo

Vice President Yemi Osinbajo on Tuesday said Nigeria spent $1bn as subsidy on kerosene last year. Osinbajo said this while speaking at the Domestic Liquified Petroleum Gas Stakeholders’ Forum in Abuja. He said the government spent the huge sum of money on subsidizing the product because of its massive use by Nigerians. He said, “The low LPG... Read More

The News Blog

$1bn, 2015, kerosene subsidy, Yemi Osinbajo

February 19, 2014

Opinion: Just before Okonjo and Allison drives us crazy

by Odusote Oluwakayode Surely, something is rotten in the NNPC and the Minister of Petroleum, Alissson Madueke either participated in it, created the environment in which it could fester or was such a poor manager that she was completely oblivious to it. We’re few months into the year and I’m already bored, not because I... Read More

allisonleum, diezanni allison-madweke, Fraud, kerosene subsidy, Ministry of Finance, nnpc, odusote oluwakayode, Okonjo-Iweala, okonjonomics, opinion, ynaija

February 18, 2014

Opinion: NNPC controversy- Between CBN and the Ministry of Finance

by Olusola Daniel Evidently, this should provide Nigerians with a definitive verdict on the controversy. We would recall that a similar forensic audit was deployed to investigate subsidy claims and this produced good results and a better tighter process against fraud. With this firm stance on fairness, transparency and accountability maintained by the Finance Minister,... Read More

$20 billion, CBN, Fraud, kerosene subsidy, Ministry of Finance, nigeria, nnpc, Olusola Daniel, opinion, ynaija

February 13, 2014

Opinion: Blow that whistle on corruption; It is time to wake up

by Integrity Nigeria It is safe to say that if Sanusi had kept silent for fear of persecution because of the absence of a whistleblower protection, $20 billion -N3.2 trillion Naira (almost 70% of the amount budgeted for running the entire country in a year) would have remained unaccounted for, and “subsidy” for Kerosene would... Read More

CBN, fear, integrity organization, kerosene subsidy, opinion, Opinion: Blow that whistle on corruption; It is time to wake up, Petroleum, Sanusi Lamido Sanusi, Whistleblower, ynaija