Wednesday, March 20, 2019

Sodiq Yusuff

    ANALYSIS: Will Buhari give Emefiele a second term as CBN governor?

ANALYSIS: Will Buhari give Emefiele a second term as CBN governor?

Joseph Sanusi. Charles Soludo. Muhammad Sanusi II. Since the return of democracy in 1999, no governor of the Central Bank of Nigeria (CBN) has served two terms. Is Godwin Emefiele about to be the breaker of the CBN tenure jinx?Appointed by former president Goodluck Jonathan on June 3, 2014, Emefiele will end his tenure as CBN governor in less than [...]

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    FACT CHECK: Did Sanusi ask Nigerians to vote for Atiku?

FACT CHECK: Did Sanusi ask Nigerians to vote for Atiku?

With the rescheduled presidential election a few days away, the social media has come alive again (as if it was ever sleep). In a broadcast that has been trending since Monday, Muhammadu Sanusi II, the emir of Kano, is quoted to have asked Nigerians to vote for Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP).Since the emir [...]

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    CLOSE-UP: This is Ahmad Mu’azu, the man in charge of INEC logistics

CLOSE-UP: This is Ahmad Mu’azu, the man in charge of INEC logistics

There has been a lot of confusion on who actually is in charge of the logistics at the Independent National Electoral Commission (INEC) since the chaos that resulted in the rescheduling of the general election.Initially, the social media was buzzing with the news that it was Amina Zakari, the national commissioner who was in the news for being related to [...]

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    Postponed Polls: Here are the three conspiracy theories

Postponed Polls: Here are the three conspiracy theories

Millions of Nigerians went to bed on Friday evening hoping to wake up on Saturday to cast their votes. By the time they woke up on Saturday, a familiar story had played out: the elections had been postponed. For the third successive general election, the Independent National Electoral Commission (INEC) failed to keep its oft-repeated promise of "we're ready".Immediately, theories [...]

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    FLASHBACK: In 2011, INEC moved elections after voting had started!

FLASHBACK: In 2011, INEC moved elections after voting had started!

Many Nigerians have expressed disappointment that the 2019 general election was postponed by the Independent National Electoral Commission (INEC) less than 10 hours to the commencement of the voting process.What about this? In 2011, voting had actually started in some parts of the country when INEC announced that the election had been moved by two days!The national assembly elections were [...]

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    EXCLUSIVE: Oke, ex-NIA DG, jets out of Nigeria ahead of EFCC trial

EXCLUSIVE: Oke, ex-NIA DG, jets out of Nigeria ahead of EFCC trial

Ayo Oke, former director-general of the National Intelligence Agency (NIA), and his wife are no longer in the country, TheCable understands.Oke, who was to be arraigned along with his wife by the Economic and Financial Crimes Commission (EFCC) on Friday, left the country last week, sources told TheCable.He is said to be in a European country "for medical reasons".There are [...]

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    Bafarawa: How I rigged ANPP primary for Buhari in 2003

Bafarawa: How I rigged ANPP primary for Buhari in 2003

Attahiru Bafarawa, former governor of Sokoto state, says he manipulated the presidential primary of the All Nigeria Peoples Party (ANPP) in favour of Muhammadu Buhari in 2003.Buhari got the party’s nomination but lost to President Olusegun Obasanjo in the presidential election.Bafarawa, who was doubling as the party’s chairman then, said Rochas Okorocha was set to pick the ANPP presidential ticket [...]

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    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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Exchange Rates

March 18, 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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