The newly inaugurated National Economic Council, has accused former Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, of spending $2.1bn from the Excess Crude Account without authorisation. The Council, which is chaired by Vice-President Yemi Osinbajo, made the accusation after the NEC’s 58th meeting in Abuja on Monday, June 29. While speaking to State... Read More
by Seun Obasa The 2015 General Elections three months ago signaled the end of one political era in Nigeria and the start of one, and for the past couple of weeks, all eyes have been fixated on the new government of President Muhammadu Buhari, as they ought to be. The newspapers and social media is... Read More
by James Sambo Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, says the efforts of the present government to manage the nation’s economy and improve the lives of Nigerians was commendable but may have not been perfect. Okonjo-Iweala spoke in Abuja, on Sunday night, at a reception organised in her honour... Read More
by Kolapo Olapoju According to a report by The Cable, an agreement to begin lifting petroleum products has been reached between Major Oil Marketers Association of Nigeria (MOMAN) and the Federal Government. The lifting of petrol products is expected to begin in the next 6 hours. Magnus Abe, Chairman of the Senate committee on petroleum resources,... Read More
by Kolapo Olapoju Just before the oil marketers are labelled evil for withholding fuel from the reach of Nigerians, it is imperative to have a proper perspective and background of why the subsidy payment has to be made and why the marketers are hellbent on receiving their money before making available petrol products. In the international... Read More
by Kolapo Olapoju According Punch Newspapers, President Goodluck Jonathan, Vice-President Namadi Sambo and several ministers have concluded plans to travel abroad shortly after the May 29 inauguration of a Buhari’s government. It was reported that Jonathan said he would travel out of the country for a much needed rest after the May 29 inauguration, while Sambo is planning to... Read More
by Ranti Joseph Africa leaders, entrepreneurs are beginning to get recognition for their hard work as BET and Africa.com are coming together to present Africa Straight Up. Africa Straight Up is an inspiring documentary that goes beyond the headlines to reveal the rich, complex truths about contemporary Africa. Africa Straight Up features contributions from Nigeria’s finest big names, businessman Aliko... Read More
by Iyobosa Omoregie President Goodluck Jonathan attended the burial of his deceased aide, Oronto Natei Douglas, on Saturday, May 2. Doudlas was buried at his home town in Yenagoa, Bayelsa state. His funeral service which was held at Church of Nigeria (Anglican Communion) in Yenagoe, had in attendance, the President, the deceased’s wife, Mrs Tarinabo... Read More
by Is’haq Kawu The old order changeth, paveth way for the new. If we wait long enough, everything changes! This weekend, Nigerians return to the polls to choose governors for most of our states, as well as legislators for state Houses of Assembly. The governor is a very important position because governors affect the... Read More
by Tolu Ogunlesi Goodluck Jonathan and Namadi Sambo sadly saw nothing wrong in using religion to divide the country; Jonathan taking delight in running from church to church, posing with pastors and bishops, while his party tried to portray Buhari and the All Progressives Congress as Islamists, Sharia apologists… President Muhammadu Buhari should under... Read More
by Femi Falana Nigeria has become the largest importer of the United States dollars in the world neither the International Monetary Fund (IMF) nor the World Bank has ever questioned the reckless devaluation of the economy. In an address which I delivered last Saturday (March 21, 2015) at the Life Theological Seminary, Ikorodu, Lagos State I criticized... Read More
by Abimbola Adelakun In a matter of weeks, it will be a whole year since Boko Haram kidnapped the Chibok schoolgirls. In that agonising period, Nigerians have witnessed the government demonstrating its own impotence on their rescue. First, there were strident denials by both the government and their echo chamber. When the eyes of the... Read More
by Kolapo Olapoju 1. Okonjo-Iweala at war with SERAP First, Serap institutes a lawsuit against Minister of Finance, Ngozi Okonjo-Iweala over the missing N30 trillion allegation by former governor of the Central Bank of Nigeria (CBN), Chukwuma Soludo, Then, Okonjo-Iweala responds saying the group is a political one, only for SERAP to issue a rebuttal saying... Read More
by Olusegun Adeniyi Against the background that pipelines are vital security assets of any nation, in most countries, tampering with them is almost akin to treason. But we are yet to come to terms with this critical challenge and for that reason, criminals are having a field day at our collective expense as a nation…... Read More
The Nigeria Union of Petroleum and Natural Gas workers (NUPENG) on Monday, March 2, in Abuja called on the Minister of Finance, Dr Ngozi Okonjo-Iweala, to intervene in the current fuel crisis in the country. Mr Isaac Aberare, the NUPENG General Secretary said that the intervention of the minister was imperative in the resolution of... Read More
by Olusegun Adeniyi We are losing revenue; 400,000 barrels of crude oil are lost on a daily basis due to illegal bunkering, vandalism and production shut-in. I have to clarify that it is not as if the entire 400,000 barrels is stolen, no. It had been a long day and as the session with the... Read More
by James Sambo The House of Representatives has urged the Minister of Finance, Dr. Ngozi Okonjo-Iweala, to submit to the legislature, the full version of the forensic audit report on the alleged missing Nigerian National Petroleum Corporation $20billion. International auditing firm, PriceWater House Coopers, had carried out the forensic investigation on behalf of the Federal... Read More
by Charles Soludo I believe that the pressures of office and the hectic electioneering campaigns have not allowed him time to read my articles or that his staff have not explained the contents to him… My attention has been drawn this morning to an article entitled: “Jonathan Replies Soludo over “missing N30 trillion” claim”— extracting... Read More
by Sylvester Monye Lastly, no one can now say that $20 billion is missing from NNPC. The fact of the matter is that a forensic Audit, led by the Office of the Auditor-General of the Federation has been carried out, and the Audit report has just been released. The conclusion of this forensic investigation is... Read More
by James Sambo Erstwhile Chairman of the Economic and Financial Crime Commission, (EFCC), Mallam Nuhu Ribadu, has shut-down allegations made by a former Central Bank governor, Prof. Chukwuma Soludo, that N30 trillion was stolen under the watch of the coordinating Minister of the economy, Dr. Ngozi Okonjo-Iweala. Ribadu made the comments on Wednesday, February 4,... Read More
by Kolapo Olapoju Erstwhile governor of the Central Bank of Nigeria, Chukwuma Soludo, has restated his claim that not less than N30trillion of public fuunds have gone missing under Finace Minister, Ngozi Okonjo-Iweala’s watch. Soludo released a rejoinder saying he stands by his statements and also added that he did not include the N8.6 trillion... Read More
by Chuks Iloegbunam For two reasons – spite, and the angling for appointment in a Buhari government of his phantom expectation – Chukwuma Charles Soludo decided to abandon the clear path of reason and integrity, to tread a field strewn with the thorns of pointless self-devaluation. Charles Soludo’s contemporaries say that, as an undergraduate, he... Read More
SOLUDO’S SELF-SERVING ARTICLE ON ECONOMIC MANAGEMENT IS DEFICIT IN FACTS, LOGIC AND HONOUR This piece is in response to an earlier article authored by former Central Bank of Nigeria (CBN) governor, Charles Chukwuma Soludo. Please read it HERE. It shows how an embittered loser in the Nigerian political space can get so derailed that they... Read More
by Kolapo Olapoju The Director General, Securities and Exchange Commission, (SEC), Arunma Oteh has resigned from her position. Despite being intensely lobbied, President Goodluck Jonathan rejected a request for the extension of Oteh’s tenure and approved the appointment of a Commissioner in the Commission, Mounir Gwarzo, as acting Director-General. Sources say that even the intervention of the... Read More
by Eromo Egbejule In certain parts of Nigeria, there is a joke that when an abandoned project is suddenly revisited after months of neglect or a new one started out of the blues months after the contract was awarded, one has to look around for a neighbour and ask if elections are around the corner.... Read More
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