Former President Olusegun Obasanjo has revealed former Governor of Delta State, James Ibori misappropriated $200 million but only returned $15 million out of the money. The incident happened when both Obasanjo and Ibori were in government between 1999 and 2007. Obasanjo gave the revelation while addressing accusations levelled against him by the late former Governor…
By Kayode Oyero The former presidential spokesperson said Buhari removed subsidy on electricity, fertilizer. Hajj/Christian Pilgrim, diesel, aviation fuel, kerosene, amongst others. Garba Shehu, a former spokesperson for ex-President Muhammadu Buhari has explained that the former Nigerian leader put petrol subsidy removal and the unification of the country’s foreign exchange rates on hold “for a…
BY MICHAEL NDU-OKEKE Associates of Mr Tinubu, who assumed office on May 29, had touted the trip as his first opportunity to display his mettle before world leaders. President Bola Tinubu failed to take part in a live economic session at the ongoing summit of world leaders in Paris. The Nigerian leader asked the country’s…
The Federal government and the Enugu State government are to partner to complete and operationalise the international wing of the Akanu Ibiam International Airport, as well as build a cargo terminal to boost the state’s and nation’s economy and tourism capacity. The Managing Director and Chief Executive Officer of the Federal Airports Authority of Nigeria…
A South African businessman, Johann Rupert, has displaced Nigerian billionaire and founder of the Dangote Group, Aliko Dangote as Africa’s richest man as a result of the depreciation of the Naira. Rupert currently boasts a $12 billion net worth according to Forbes Magazine in its Real-time global Billionaires Ranking while Dangote’s net worth is put…
The House of Representatives has rejected the motion to suspend the license allegedly granted to Dangote Refinery as the sole importer of Petroleum Motor Spirit (PMS) also known as petrol. The House of Representatives has rejected the motion to suspend the license allegedly granted to Dangote Refinery as the sole importer of Petroleum Motor Spirit…
I believe this is out in the open. I pray the government could muster the will to control these leakages. THE REAL SUBSIDIES ARE NOT FOR THE POOR, BUT THE RICH. FEMI FALANA, SAN Globally, subsidies, whether for food, transportation, energy or housing, are part of good governance. So, the issue is not subsidies but…
In a statement released by its spokesperson, Obiorah Ifo, the party called on President Bola Tinubu to investigate the Independent National Electoral Commission (INEC) and not the apex bank. The party argued that Emefiele’s suspension was unconstitutional and in a way punitive. “It is laughable to read that statement as most Nigerians are already aware…
By Williams Anuku President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect. Buy ROWE Engine Oil For Your Vehicle And Save Yourself A Whole Lot Of Stress. According to a terse statement by Willie Bassey Director, Information Office of the Secretary to the…
