Saturday, June 23, 2018

Malik Abdulganiy

    Defence minister says $1.4m contract ‘in order’ — but new documents raise more questions

Defence minister says $1.4m contract ‘in order’ — but new documents raise more questions

Tukur Gusau, spokesman of Mansur Dan-Ali, minister of defence, says there is no fraud in the award of the contract for the relocation and refurbishment of Nigeria's UN Level 2 Military Hospital under the United Nations Multidimensional Integrated Stabilisation Mission in Mali (MINUSMA).The project has been completed and awaiting inspection by the ministry, Gusau also said in a press statement [...]

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    EXCLUSIVE: General detained as another scandal rocks Buhari’s government

EXCLUSIVE: General detained as another scandal rocks Buhari’s government

President Muhammadu Buhari's anti-corruption campaign has been bedevilled by scandals and rumours of scandals in recent times.The list has just been lengthened by a contract scandal in the ministry of defence which has landed a brigadier-general in military court.At the centre of the latest development are Mansur Dan-Ali, a retired brigadier-general and minister of defence, Danjuma Nanfo, the immediate past permanent secretary [...]

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    SHOCKER: Gwarzo pocketed N104m severance pay from SEC shortly after he was named DG

SHOCKER: Gwarzo pocketed N104m severance pay from SEC shortly after he was named DG

Mounir Gwarzo, director-general of the Securities and Exchange Commission (SEC), allegedly got a severance package of N104 million from the same commission shortly after he was named DG in 2015.He was an executive commissioner at SEC when former President Goodluck Jonathan appointed him to lead the commission on May 22, 2015.On assuming office as DG, he allegedly paid himself the [...]

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    IGP, Edo police commissioner on the spot as criminals terrorise state

IGP, Edo police commissioner on the spot as criminals terrorise state

Why has Ibrahim Idris, the inspector general of police, failed to allow a new police commissioner to assume duties in Edo state since the transfer of the incumbent, Haliru Gwandu?This is at the heart of the panic that has gripped senior government officials in the state as criminal gangs unleash terror on the citizens.The criminals are believed to be those [...]

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    QUESTION: 24 hours ago, army said IPOB was ‘unarmed’ — what changed overnight?

QUESTION: 24 hours ago, army said IPOB was ‘unarmed’ — what changed overnight?

It's now official -- at least in military circles -- the organisation led by Nnamdi Kanu is a terror group.John Enenche, the director, defence information, said on Friday that the claim by Indigenous Peoples of Biafra (IPOB) that it is non-violent is not true "after due professional analysis and recent developments".He listed what constitutes "terrorism" as the formation of a [...]

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    INVESTIGATION: The dirty oil deals that nailed Diezani, Omokore and Aluko

INVESTIGATION: The dirty oil deals that nailed Diezani, Omokore and Aluko

TheCable has obtained copies of the controversial strategic alliance agreement (SAA) between the Nigerian Petroleum Development Company (NPDC) Ltd and Atlantic Energy Drilling Concepts (AEDC) Ltd that allegedly ripped off Nigeria by billions of dollars between 2011 and 2015.The SAAs are often derided by industry experts as the biggest organised scam in the history of Nigerian oil industry.NPDC is the oil development [...]

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    THE INSIDER: How N58m SUV landed NHIS ES in trouble — and earned him suspension

THE INSIDER: How N58m SUV landed NHIS ES in trouble — and earned him suspension

Usman Yusuf, executive secretary of the National Health Insurance Scheme (NHIS), has been suspended for three months by the minister of health, Isaac Adewole, over allegations of fraud.In a letter dated July 6, 2017 seen by TheCable, Adewole said Yusuf's response to the petitions written against him were "considered unsatisfactory".An investigative committee to probe the NHIS ES has been set [...]

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    HURRAY! On this day in 2014, TheCable was born…

HURRAY! On this day in 2014, TheCable was born…

TheCable, your favourite online newspaper, is three today.The website was launched with a colloquium at the Lagos City Hall on April 29, 2014 "to deliver knowledge-driven journalism in the pursuit of Nigeria’s progress".It was the first online newspaper in Nigeria to be launched with a public event.It promised to deliver news and features "with speed and simplicity" and contribute intellectually [...]

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    Who wants Omoyele Sowore dead?

Who wants Omoyele Sowore dead?

When news broke on Wednesday that Omoyele Sowore, publisher of the anti-corruption website, Sahara Reporters, had been arrested in Lagos, not a few powerful men and women in Nigeria jumped for joy. Finally, their nemesis had been "captured" and would now face the law — having been accused of blackmail and threat to life by Lekan Fatodu, a PR consultant who said [...]

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    EXCLUSIVE: AGF asks Magu to respond to DSS allegations

EXCLUSIVE: AGF asks Magu to respond to DSS allegations

Abubakar Malami, attorney-general of the federation, has directed Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), to respond to the allegations levelled against him by the secret police, TheCable understands.In a letter dated December 19, 2016 and delivered on Tuesday, Malami gave Magu 48 hours to respond to the allegations made by the Department of State [...]

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    EXCLUSIVE: Why NCC asked big operators to raise data tariffs

EXCLUSIVE: Why NCC asked big operators to raise data tariffs

The Nigerian Communications Commission (NCC) approved a new "floor plan", or minimum pricing, for data services by mobile operators "to address market distortions, unhealthy price wars and value erosion that could threaten the going concern of the service providers", according to an internal working document seen by TheCable.In a letter to the big operators, the commission had directed that the floor [...]

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    INTERVIEW: CBN has done well in Kebbi agric, so we want them in Jigawa, says gov

INTERVIEW: CBN has done well in Kebbi agric, so we want them in Jigawa, says gov

Jigawa state governor Muhammad Badaru Abubakar recently spoke with journalists in his office on his plans for agriculture and the CBN intervention scheme, the Anchor Borrowers' Programme.What driving Jigawa state in this rice production programme? Since we assumed office, we had a clear understanding of the dwindling resources of this country bordering on the over-reliance on oil. Also, we took into [...]

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    EXCLUSIVE: FG directs DGs to fly economy class

EXCLUSIVE: FG directs DGs to fly economy class

The federal government has directed all its directors-general, managing directors and executive secretaries to start flying economy class on all local and international flights, TheCable can report.A previous directive issued in April 2016 banned ministers and other federal government officials from flying first class.The latest circular, dated November 2, 2016 and seen by TheCable, read: "In view of the ensuing [...]

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    EXCLUSIVE: Finally, Buhari to ask APC governors for nominees

EXCLUSIVE: Finally, Buhari to ask APC governors for nominees

After rumbling and agitation within the All Progressives Congress (APC) hierarchy over the lack of consultation in political appointments, President Muhammadu Buhari may have finally succumbed.His wife also recently went on air to complain that those who worked for her husband's election have not been rewarded while those who knew nothing about his victory have been calling the shots.APC governors met [...]

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    Source: FG targets $15bn from proposed asset sale, to insert ‘buy back’ clause

Source: FG targets $15bn from proposed asset sale, to insert ‘buy back’ clause

Federal government intends to raise between $10bn and $15bn from the proposed sale of assets to boost foreign reserves, a presidency official has told TheCable.The official said there was no proposal for outright sale and there was going to be a repurchase clause in any sales agreement signed by the government.The repurchase option will guarantee that the federal government can buy back any such [...]

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    EFCC probes N27bn PHCN insurance premiums

EFCC probes N27bn PHCN insurance premiums

Jones Arogbofa, a retired brigadier and former chief of staff to ex-president Goodluck Jonathan, has been quizzed by the Economic and Financial Crimes Commission (EFCC), TheCable understands.Also quizzed are Benjamin Dikki, former director-general of the Bureau for Public Enterprises (BPE), and a former senior official of the ministry of power whose identity could not be confirmed.They were detained on Friday, September 2, by the anti-graft agency [...]

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Exchange Rates

June 21, 2018USDGBPEUR
INTERBANK360.45492.18420.32
LAGOS362495425
KANO363495423
PH365494423
ABUJA364495423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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