Thursday, January 17, 2019

Sodiq Yusuff

    EXCLUSIVE: Moves to remove CJN commence ahead of elections

EXCLUSIVE: Moves to remove CJN commence ahead of elections

A civil society group, Anti-Corruption and Research Based Data Initiative (ARDI), has launched a legal move to remove Walter Onnoghen as the chief justice of Nigeria, TheCable can report.ARDI has petitioned the Code of Conduct Bureau (CCB), listing a number of allegations against Onnoghen -- notably false declaration of assets.The group said its petition, dated January 7, 2019, became necessary "bearing in [...]

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    FLASHBACK: In 2014, soldiers attacked Daily Trust vans ‘in search of bombs’

FLASHBACK: In 2014, soldiers attacked Daily Trust vans ‘in search of bombs’

Change is hard to come by, is it?On June 6, 2014, Nigerians woke up to the news that the distribution vans of Daily Trust, the Abuja-based newspaper, had been attacked by soldiers, with copies of newspapers confiscated.This came after Daily Trust had reported that top generals shared military land among themselves in choice areas of Abuja.Among those named in the land grab were [...]

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    THE INSIDER: Buhari did NOT direct NBS to change unemployment figures

THE INSIDER: Buhari did NOT direct NBS to change unemployment figures

Senior government officials have told TheCable that President Muhammadu Buhari did not direct Yemi Kale, the statistician general, to alter the figures of unemployment in Nigeria.The officials voiced their surprise at the claim made by Garba Shehu, presidential spokesman, that Buhari has asked Kale "to change the high unemployment statistics and reflect the rising rate of employment in the agriculture [...]

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    THE INSIDER: Samsung ‘blackmailing’ Nigeria with $1.6bn arbitration suit in London

THE INSIDER: Samsung ‘blackmailing’ Nigeria with $1.6bn arbitration suit in London

Samsung Heavy Industries Nigeria (SHIN) Ltd is trying to force the arm of the federal government by instituting a $1.6 billion arbitration case against Total Upstream Nigeria Limited in London, oil industry insiders and top government officials have told TheCable.Although the suit is against Total, Samsung's action is seen as an attempt to undermine the country's local content policy, according [...]

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    REVEALED: Ambode had ‘secret meeting’ with APC electoral panel before primary

REVEALED: Ambode had ‘secret meeting’ with APC electoral panel before primary

Members of the APC electoral panel sent from Abuja to conduct the Lagos governorship primary had a secret meeting with Akinwunmi Ambode, the state governor, on Monday, insiders have told TheCable.The Clement Ebri-led committee was "holed up" at their hotel till 1pm on Tuesday while voting went on at the 245 wards in Lagos, with results showing Jide Sanwo-Olu clearly in [...]

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    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 lawyers from taking a cut on $500m Abacha Loot

EXCLUSIVE: US blocks 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.Swiss lawyer, Enrico Monfrini, has already been paid for the same job which he was yet to complete before Nigeria mysteriously decided to engage the services [...]

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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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Exchange Rates

January 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362463411
KANO361465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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