Friday, September 20, 2019

Fredrick Nwabufo

    JUST IN: EFCC to arraign ex-director in ministry of petroleum in P&ID case

JUST IN: EFCC to arraign ex-director in ministry of petroleum in P&ID case

The Economic and Financial Crimes Commission will arraign Grace Taiga, a former director in the ministry of petroleum resources, before a high court in Abuja, on Friday.Taiga, an ex-director of legal services in the ministry, was said to have signed as a witness in the gas supply and processing agreement between Nigeria and the Process and Industrial Development Limited (P&ID), [...]

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    INTERVIEW: Land Use Act an obstacle to home financing, says mortgage bank CEO

INTERVIEW: Land Use Act an obstacle to home financing, says mortgage bank CEO

Nigeria currently has a housing deficit of 22 million units. To bridge this gap, the government has launched a series of schemes targeted at providing homes for Nigerians at the lower rung of the social ladder. With the minimum wage at N30,000, most citizens cannot afford to buy houses on their salary -- this is where mortgage banks come in [...]

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    Buhari dissolves Obono-Obla’s SPIP

Buhari dissolves Obono-Obla’s SPIP

President Muhammadu Buhari has dissolved the Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) as currently constituted by Okoi Obono-Obla.In a statement issued on Tuesday, Femi Adesina, presidential spokesman, said Abubakar Malami, attorney-general of the federation, has been directed to immediately take over all outstanding investigations and other activities of the SPIP."The panel was established in August [...]

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    Has Osinbajo been reduced to condolence vice-president?

Has Osinbajo been reduced to condolence vice-president?

‘’What will Osinbajo do now?’’ I asked a senior colleague. He blurted: ‘’He has his role cut out for him already. He is in charge of Tradermoni and condolence visits.’’Really, what is Yemi Osinbajo’s detail in the government now, considering the recent staggering upshots? Has he been lame-ducked and functionally vasectomised?The last time Nigeria had a vice-president with the potency [...]

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    Where are Sowore, Ohimai, Dadiyata? 

Where are Sowore, Ohimai, Dadiyata? 

Democracy is freedom; freedom to exist and to exercise the full catalogue of natural rights. The quality of democracy in an ordered system is assessed by the quantity and level of freedom the citizens enjoy.Any type of government – military, fascist or totalitarian – can deliver services of material nature to its citizens; building hospitals, schools, roads and providing other [...]

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    Sorry, I don’t think Atiku is coming

Sorry, I don’t think Atiku is coming

I have pondered on Atiku Abubakar’s case against President Muhammadu Buhari at the presidential election petition tribunal. I have also cerebrated on the counter arguments of the president.By my ratiocination, the arguments of both parties are nourished with so much ridiculousness that the case itself appeals more as comic relief.The president underpropped his argument with the claim that Atiku is [...]

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    100 days of Buhari aka ‘Baba-go-slow’

100 days of Buhari aka ‘Baba-go-slow’

How do you measure the virility of an administration; its potency to impregnate the economy, infrastructure and welfare of citizens? Should it be in the first 100 days of its life; in two or four years? Well, I will measure in the little steps, in actions and in the agenda.100 days may be too short to gauge the failure of [...]

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    INTERVIEW: People say they want General Buhari of 1984, not this president, says Femi Adesina

INTERVIEW: People say they want General Buhari of 1984, not this president, says Femi Adesina

Against allegations of highhandedness, and intolerance to criticism, Femi Adesina, special adviser to the president on media and publicity, says many Nigerians have said they prefer President Muhammadu Buhari as a military ruler because he is too tolerant. In this interview with TheCable, Adesina also shares what Nigerians should expect in the 'Next Level' across sectors.TheCable: Can you speak more [...]

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    We lose citizens to xenophobia, police ‘kill’ Shoprite protester, has South Africa cursed us?

We lose citizens to xenophobia, police ‘kill’ Shoprite protester, has South Africa cursed us?

Reports say a Nigerian, who had gone to lodge a protest against the dispatch of his fellow countrymen by a ravening, xenophobic bloodhound in South Africa at Shoprite, Lekki, Lagos, ended up becoming a victim of the untamed violence of Nigeria's security agents.Tragic! How can the lives of citizens matter abroad, when they are killed unchecked in the country?Really, I [...]

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    Who do ‘Magu boys’ work for, EFCC or an emperor? 

Who do ‘Magu boys’ work for, EFCC or an emperor? 

A scathing detraction to professionalism in Nigeria is the customisation of public offices. Institutions are built around personalities rather than on principles and service.The corrugation of Nigeria’s public offices and institutions has a long history. But of significance is the brazen privatisation and deployment of public office to insular ends by Michael Aondooakaa, attorney-general of the federation (AGF) under Umaru [...]

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    Afe Babalola: 1999 constitution is the reason Nigeria remains poor

Afe Babalola: 1999 constitution is the reason Nigeria remains poor

Afe Babalola, founder of Afe Babalola University, Ado Ekiti, says the 1999 constitution is the reason Nigeria remains poor.The drafting of the 1999 constitution was supervised by the military under Abdulsalami Abubakar. Some of its contents are liftings from the draft 1995 constitution prepared during the regime of the late Sani Abacha.The constitution has been criticised for giving too much power [...]

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    Atiku: Buhari desperate to silence Obasanjo by accusing him of a crime

Atiku: Buhari desperate to silence Obasanjo by accusing him of a crime

Former Vice-President Atiku Abubakar says the Buhari administration is desperate to accuse ex-President Olusegun Obasanjo of a crime so as to silence him.In a statement issued on Monday, Atiku’s media office said the inclusion of Obasanjo’s name in the list of tax defaulters by the Federal Inland Revenue Service (FIRS) was to blackmail him.It said the Economic and Financial Crimes [...]

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    The Igbo crime culture (2)

The Igbo crime culture (2)

In the heat of the lynching of Igbo citizens in Asia in 2013 over alleged criminality, I wrote an essay entitled, ‘The Igbo fallacy’. In it, I appealed to the Igbo to de-emphasise the culture of profligacy, decadent opulence and vanity which fuels the pursuit of crime by their own. I also suggested the need for value re-orientation – a [...]

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    ‘God doesn’t forsake his own’ — Iwu quotes Bible over N1.2bn fraud trial

‘God doesn’t forsake his own’ — Iwu quotes Bible over N1.2bn fraud trial

Maurice Iwu, former chairman of the Independent National Electoral Commission (INEC), says God has not abandoned him in his ordeal with the Economic and Financial Crimes Commission (EFCC).The EFCC arraigned Iwu on four-count charges of money laundering to the tune of N1.23 billion.The agency accused him of complicity in concealing N1.23 billion public funds between December 2014 and March 2015.He [...]

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    20 days in DSS pits of silence: We must not forget Sowore

20 days in DSS pits of silence: We must not forget Sowore

It has been 20 weary days since Omoyele Sowore was taken into a hovel of silence by the DSS. The outrage over his abduction and detention is tapering off; dissolving with every quotidian day. It is human nature to quickly glide past shock, happenstance or pain after sometime, but in Sowore’s case we must bring this weakness into capitulation and into [...]

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    IN DETAIL: North-west gets 10 senior portfolios, south-west 5, south-east 3

IN DETAIL: North-west gets 10 senior portfolios, south-west 5, south-east 3

President Muhammadu Buhari has constituted  his cabinet of 44 portfolios - but there is a certain "familiarity" about the composition. Hinging on zonal distribution, some regions have more junior ministerial positions than others, just as another region takes a large slice of the senior positions.Out of the 44  positions, the north-west alone, Buhari's zone, has 10 senior ministerial portfolios (including the [...]

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Exchange Rates

September 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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