Monday, September 3, 2018

Sodiq Yusuff

    Meet the non-Fulani herdsmen in Yobe state

Meet the non-Fulani herdsmen in Yobe state

Fulani has become the prefix for herdsmen in Nigeria these days, and it is impossible to imagine there are herdsmen who are not Fulani. But the Sullubawa community in Yobe state, north-east Nigeria, has herders who are not Fulani.  Their territory stretches out several kilometres through Bursari Dapchi, Tumsa, Baimari, Kaliyari, Damaturu Kasaisa, Lawan Kalan, Kalallawa, Salari, Damakasu, Fune Dogon kuka, [...]

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    EXCLUSIVE: FIRS demands evidence of remittance of $2m tax by General Electric

EXCLUSIVE: FIRS demands evidence of remittance of $2m tax by General Electric

The Federal Inland Revenue Service (FIRS) has demanded evidence that General Electric International Operations Nigeria Ltd remitted the excessive tax it withheld from Arco Group Plc, a Nigerian oil servicing company, for nine years.TheCable had reported that GE withheld tax of over $3 million from its payments to Arco for services rendered between 2006 and 2015.GE deducted 10% as withholding tax [...]

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    EXCLUSIVE: US blocks Malami’s lawyers from taking a cut on $500m Abacha Loot

EXCLUSIVE: US blocks Malami’s lawyers from taking a cut on $500m Abacha Loot

The United States says it will only deal with Nigeria on a government-to-government basis for the restitution of $500 million Abacha Loot, senior presidency sources have informed TheCable.Officials of the US department of justice (also known as DoJ), according to the sources, told President Muhammadu Buhari pointblank during his visit to the US that they would not deal with any [...]

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    EXCLUSIVE: EFCC set to commence mass prosecution of PDP ‘looters’

EXCLUSIVE: EFCC set to commence mass prosecution of PDP ‘looters’

The Economic and Financial Crimes Commission (EFCC) will soon commence the prosecution of those listed as "looters" in the Peoples Democratic Party (PDP) by the federal government, TheCable understands.An EFCC official said presidency has directed the anti-graft agency to "swing into action" as controversies continue over the publication of a looters list by government."We are getting the case files ready," [...]

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    Ex-VP Sambo sends tongues wagging as he visits Aso Rock — again

Ex-VP Sambo sends tongues wagging as he visits Aso Rock — again

Is he going to defect from PDP to APC? Is he planning to back the re-election of President Muhammadu Buhari?Reporters were kept guessing on Tuesday as former Vice-President Namadi Sambo met with Buhari at the presidential villa.He refused to take questions from reporters therafter, simply saying "my meeting was private".In May 2017, Sambo met then-Acting President Yemi Osinbajo at the [...]

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    EXCLUSIVE: Nigerian lawyers to earn another $17m from Abacha loot

EXCLUSIVE: Nigerian lawyers to earn another $17m from Abacha loot

Nigerian lawyers freshly engaged by the federal government to "help" with the repatriation of $321 million stolen by Sani Abacha, former military ruler, will be paid $17 million (over N6 billion) for their services, TheCable has learnt.This amount is nearly thrice more than what was already paid to Swiss lawyer, Enrico Monfrini, for the same job which he was yet to complete [...]

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    EXCLUSIVE: ICPC grills Niger Delta power officials over contract scam

EXCLUSIVE: ICPC grills Niger Delta power officials over contract scam

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has been grilling officials of the Niger Delta Power Holding Company (NDPHC) over allegations of fraud.TheCable had reported various allegations of impropriety in the award of contracts at the government agency.Chiedu Ugbo (pictured), the managing director, is due to report to ICPC office in Abuja this week to answer various [...]

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    On the verge of collapse, 13 GenCos drag FG to court

On the verge of collapse, 13 GenCos drag FG to court

Nigeria's power crisis is in for more shocking waves as 13 power generation companies (GenCos) have sued the federal government for giving "preferential treatment" to two competitors with intent to harm the business interests of the others.The GenCos, who said they are on the verge of collapse over debts in excess of N1 trillion, currently generate 80% of the power consumed in [...]

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    Trial of Shell, Eni executives over OPL 245 starts Monday

Trial of Shell, Eni executives over OPL 245 starts Monday

Royal Dutch Shell and Italian oil giant Eni, along with a number of their senior executives, will on Monday face charges of "aggravated international corruption" for their role in a $1.1bn deal for the controversial Nigerian deepwater oil block OPL 245, TheCable Petrobarometer has learnt. [...]

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    PHOTOS: Buni Yadi still in ruins — four years after the massacre of 58 students

PHOTOS: Buni Yadi still in ruins — four years after the massacre of 58 students

Federal Government College, Buni Yadi, used to be the pride of the Yobe community. But after the devastating Boko Haram attack of February 24, 2014, the story has changed tragically. The insurgents killed 58 students in the late night attack and burnt or destroyed all of the 24 buildings.TheCable, in commemorating the tragedy, has been speaking with the survivors, witnesses, [...]

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    ‘Allah will forgive me’ — repentant Boko Haram killer speaks on Buni Yadi massacre

‘Allah will forgive me’ — repentant Boko Haram killer speaks on Buni Yadi massacre

Before the Chibok girls, there were the Buni Yadi boys. Four years ago, Boko Haram insurgents attacked and killed 58 male students of  Federal Government College, Buni Yadi, Yobe state, for receiving "western education". To commemorate the tragedy, TheCable visits the school to speak with witnesses and survivors of the attack. In the third part of the series, the man who [...]

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    ‘I personally evacuated the dead bodies of my two sons’ — father recalls when Boko Haram killed 58 Buni Yadi students

‘I personally evacuated the dead bodies of my two sons’ — father recalls when Boko Haram killed 58 Buni Yadi students

Before the Chibok girls, there were the Buni Yadi boys. Four years ago, Boko Haram insurgents attacked and killed 58 male students of  Federal Government College, Buni Yadi, Yobe state, for receiving "western education". To commemorate the tragedy, TheCable visits the school to speak with witnesses and survivors of the attack. In the second part of the series, a parent re-lives [...]

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    ‘Boko Haram killed 29 students and lined up their bodies in front of the hostel’ — Buni Yadi massacre revisited

‘Boko Haram killed 29 students and lined up their bodies in front of the hostel’ — Buni Yadi massacre revisited

Before the Chibok girls, there were the Buni Yadi boys. Four years ago, Boko Haram insurgents attacked and killed 58 male students of  Federal Government College, Buni Yadi, Yobe state, for receiving "western education". The school was, before then, known for its excellence:it represented Nigeria in Geo-Challenges at Florida, USA, in 2002; was state runner-up in the 4th Annual National Essay Competition for [...]

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    EXCLUSIVE: Melaye to face code of conduct charge as FG goes for broke

EXCLUSIVE: Melaye to face code of conduct charge as FG goes for broke

Senator Dino Melaye, representing Kogi west, is in for a long battle with the President Muhammadu Buhari administration, TheCable can report.The senator, who is very close to Senate President Bukola Saraki, will soon be charged to court by the attorney-general of the federation for allegedly operating a US account in violation of the code of conduct act, TheCable understands.He is [...]

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    EXCLUSIVE: Kola Aluko plays ‘cat and mouse’ with US over seizure of his $80m yacht

EXCLUSIVE: Kola Aluko plays ‘cat and mouse’ with US over seizure of his $80m yacht

The United States government is finding it difficult to seize Kola Aluko's $80m yacht moored near Cancun, Mexico, despite a court order, TheCable can report.The US District Court Southern District of Texas, Houston Division, had, on July 14, 2017, ordered the seizure of Aluko's assets worth $144 million -- including the 200-foot yacht famously used by Jay Z and Beyonce [...]

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    Leaked documents reveal how Shell blackmailed Nigeria in Malabu deal

Leaked documents reveal how Shell blackmailed Nigeria in Malabu deal

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Exchange Rates

August 30, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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