Thursday, May 23, 2019

Malik Abdulganiy

    EXCLUSIVE: Ganduje moves to remove Sanusi as emir of Kano

EXCLUSIVE: Ganduje moves to remove Sanusi as emir of Kano

Abdullahi Umar Ganduje, governor of Kano state, has relaunched moves to remove Muhammad Sanusi II as the emir of Kano, TheCable can report.On Monday, the Kano State Public Complaints and Anti-corruption Commission reopened investigation into the expenditure of the state emirate council under Sanusi II.Also at Monday's plenary of the house of assembly, Kabiru Alhassan Rurum, the speaker, read a letter [...]

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    FACT CHECK: Did trade ministry allocate N42bn to a private company?

FACT CHECK: Did trade ministry allocate N42bn to a private company?

THE CLAIM: Sabo Mohammed, chairman of senate committee on trade and investment, raised the alarm recently that N42 billion was allocated to a private firm, the Nigeria Special Economic Zone Company (NSEZCO), by the ministry of industry, trade and investment. BACKGROUND: The ministry had proposed N15.63 billion as its budget for 2019. At the defence, Okechukwu Enelamah, the minister, was confronted by Mohammed [...]

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    EXCLUSIVE: Onnoghen stands to get N2.5bn benefits in ‘soft landing’ option

EXCLUSIVE: Onnoghen stands to get N2.5bn benefits in ‘soft landing’ option

If President Muhammadu Buhari goes by the recommendation of the National Judicial Council (NJC), Walter Onnoghen, the chief justice of Nigeria (CJN) could get retirement benefits in cash and kind up to N2.5 billion, checks by TheCable have revealed.As part of the package for a retired chief justice, a house will be built for him in Abuja with a nine-digit [...]

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    EXCLUSIVE: Buhari ‘favours’ Lawan, Gbaja to lead 9th national assembly

EXCLUSIVE: Buhari ‘favours’ Lawan, Gbaja to lead 9th national assembly

President Muhammadu Buhari has given the nod to Ahmad Lawan as senate president and Femi Gbajabiamila as speaker of the house of representatives in the in-coming national assembly, TheCable can report.The national working committee (NWC) of the ruling party was in a meeting with the newly elected APC members in the house of representatives on Monday when this report was [...]

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    EXCLUSIVE: EFCC traces lawyer’s ‘car gift’ to Onnoghen

EXCLUSIVE: EFCC traces lawyer’s ‘car gift’ to Onnoghen

The Economic and Financial Crimes Commission (EFCC) has traced a car owned by Walter Onnoghen, the embattled chief justice of Nigeria (CJN), to Joe Agi, a senior advocate of Nigeria (SAN). The anti-graft agency believes the car is a gift from the lawyer, who had cases before Onnoghen at the time of purchase. But Agi has told the EFCC that aside being a [...]

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    EXCLUSIVE: Atiku will NOT concede to Buhari as PDP assembles lawyers

EXCLUSIVE: Atiku will NOT concede to Buhari as PDP assembles lawyers

Atiku Abubakar will not concede the presidential election to President Muhammadu Buhari as the Peoples Democratic Party (PDP) has assembled a team of lawyers to challenge the result in court, TheCable understands. Buhari, candidate of the All Progressives Congress (APC), is projected to win the election with the results declared by the Independent National Electoral Commission (INEC).PDP sources told TheCable that [...]

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    THE INSIDER: How INEC’s in-fighting, inexperience messed up Feb 16 elections

THE INSIDER: How INEC’s in-fighting, inexperience messed up Feb 16 elections

By Wednesday, February 13, 2019, experienced members of staff and management of the Independent National Electoral Commission (INEC) knew that the February 16 presidential and national assembly elections would not hold -- no matter the magic. But because of the pervading atmosphere of mutual distrust and suspicion at the commission, people went about their businesses in hushed tones, preparing for [...]

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    EXCLUSIVE: EFCC traces lawyer’s $30,000 payment to Onnoghen’s account

EXCLUSIVE: EFCC traces lawyer’s $30,000 payment to Onnoghen’s account

The Economic and Financial Crimes Commission (EFCC) has traced a deposit of $30,000 by Joe Agi, a senior advocate, into the bank account of Walter Onnoghen, the embattled chief justice of Nigeria (CJN), TheCable understands. It has emerged that Onnoghen also failed to disclose that he has an account at Heritage Bank in his asset declaration form -- another violation of [...]

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    ALERT: Nigeria’s foreign reserves at risk over $9bn UK judgment

ALERT: Nigeria’s foreign reserves at risk over $9bn UK judgment

Nigeria’s foreign commercial assets are at risk as a British company moves to enforce a $9bn arbitration award against the country over a breach of contract, TheCable can report.Process and Industrial Developments Limited (P&ID), an engineering and project management company, is expected to get a final order from English courts on February 15, 2019 to enforce the arbitration tribunal award [...]

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    EXCLUSIVE: AGF sends criminal allegations against Onnoghen to NJC

EXCLUSIVE: AGF sends criminal allegations against Onnoghen to NJC

Ahead of the emergency meeting of the National Judicial Council (NJC) on Tuesday, the office of the attorney-general of the federation (AGF) has sent a list of criminal allegations against Water Onnoghen to the body, TheCable can report.Insiders at the ministry of justice informed TheCable that the petition contains a number of damaging allegations against the chief justice of Nigeria [...]

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    EXCLUSIVE: NJC to hold emergency meeting over Onnoghen on Tuesday (updated)

EXCLUSIVE: NJC to hold emergency meeting over Onnoghen on Tuesday (updated)

The National Judicial Council (NJC) has summoned an emergency meeting over the suspension of Walter Onnoghen, chief justice of Nigeria (CJN).TheCable understands that the meeting will now be held in Abuja on Tuesday after it was moved by one day.The meeting was called by some NJC members in line with its rules.A member of NJC told TheCable on Sunday that [...]

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    EXCLUSIVE: Buhari seeks legal opinion to extend IGP’s tenure

EXCLUSIVE: Buhari seeks legal opinion to extend IGP’s tenure

President Muhammadu Buhari has asked the attorney-general of the federation, Abubakar Malami, for a legal opinion on the possible extension of the inspector-general of police's tenure, a senior presidency official has told TheCable.Ibrahim Idris, appointed IGP by Buhari in March 2016, clocked 35 years in service on January 3, 2019 and should ordinarily have retired.However, he has continued to report [...]

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    Sources: Atiku to visit US after kick-off of PDP presidential campaign

Sources: Atiku to visit US after kick-off of PDP presidential campaign

Former Vice-President Atiku Abubakar will travel to the United States after the launch of the presidential campaign of the Peoples Democratic Party (PDP), TheCable understands.Atiku, who is the party's presidential candidate, received his US visa on Thursday, after which he travelled to the UK before making a surprise return to the country on Saturday.A source had earlier told TheCable that [...]

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    EXCLUSIVE: Atiku finally gets US visa

EXCLUSIVE: Atiku finally gets US visa

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has finally been issued a visa to the United States, TheCable can report.A family source disclosed this to TheCable on Saturday and confirmed that the former vice-president has left Nigeria for the UK, where he will spend some time.There is yet no date fixed for his US trip, TheCable understands.In [...]

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    EXCLUSIVE: FG freezes bank accounts of suspects on ‘looters list’

EXCLUSIVE: FG freezes bank accounts of suspects on ‘looters list’

The federal government has frozen the bank accounts of suspects being tried in court over allegations of corruption by the Economic and Financial Crimes Commission (EFCC), TheCable can report.This, TheCable understands, is part of the implementation of the Executive Order No. 6 on the "preservation of suspicious assets connected with corruption and other relevant offences" signed by President Muhammadu Buhari [...]

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    INCREDIBLE: INEC does NOT have full official results of 2007 presidential election

INCREDIBLE: INEC does NOT have full official results of 2007 presidential election

The Independent National Electoral Commission (INEC) does not have the full results of the highly controversial 2007 presidential election -- and this is official.The presidential election held on April 21 that year is the first and only in Nigeria's history in which there is no state-by-state breakdown of the candidates' scores.Maurice Iwu, a professor and INEC chairman at the time, [...]

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Exchange Rates

May 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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