Sodiq Yusuff

    Osinbajo: Agencies under me always get approvals from Buhari

Osinbajo: Agencies under me always get approvals from Buhari

Vice-President Yemi Osinbajo says all agencies under him always follow due process in the award of contracts and other critical matters.Reacting to TheCable's report that President Muhammadu Buhari has directed Osinbajo to henceforth seek approvals for agencies under his supervision, Laolu Akande, the VP's spokesman, described as "false" insinuations that due process was not strictly being followed before now.He, however, [...]

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    EXCLUSIVE: Buhari directs Osinbajo to seek approvals for agencies under him

EXCLUSIVE: Buhari directs Osinbajo to seek approvals for agencies under him

President Muhammadu Buhari has directed Vice-President Yemi Osinbajo to, henceforth, seek presidential approvals for agencies under his supervision, TheCable can report.Under the laws setting up the agencies, the president is empowered to give final approvals but TheCable understands that the provisions were not strictly followed during the first term.TheCable learnt that the directive to follow due process was issued via [...]

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    EXCLUSIVE: Fowler replies Kyari, says recession, oil price affected tax revenue

EXCLUSIVE: Fowler replies Kyari, says recession, oil price affected tax revenue

The recession experienced by the Nigerian economy in 2016 as well as lower oil prices affected the revenue collected by the Federal Inland Revenue Service (FIRS) between 2015 and 2018, Tunde Fowler, the chairman, has said.Despite the challenges, Fowler explained, non-oil revenue such as VAT and company income tax -- which he said are within the control of FIRS -- [...]

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    THE INSIDER: How PEF probe finally led to the sack of Obono-Obla

THE INSIDER: How PEF probe finally led to the sack of Obono-Obla

He was accused of "abuse of office, intimidation and unauthorised malicious investigations, financial impropriety, administrative misconduct, and allegations of forgery/falsification or records, to mention but a few".The official, who chose not to be named, said the appeal court had already ruled that SPIP lacks prosecutorial powers and cannot seize properties belonging to anyone or obtain forfeiture orders against any public official in [...]

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    THE INSIDER: How ’emperor’ Yahaya Bello rules and ruins Kogi state

THE INSIDER: How ’emperor’ Yahaya Bello rules and ruins Kogi state

Simon Achuba, the deputy governor of Kogi state, may be counting his last days in office. The house of assembly has commenced impeachment proceedings against him while the All Progressives Congress (APC) has suspended him -- predictably for "anti-party" activities, the standard accusation in political witch-hunts.Achuba is not alone in the "crush to conquer" strategy of Yahaya Bello, the governor of [...]

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    FLASHBACK: In 2011, General Buhari called for a revolution

FLASHBACK: In 2011, General Buhari called for a revolution

In 2011, General Muhammadu Buhari, the candidate of the Congress for Progressive Change (CPC), called for a revolution in Nigeria -- albeit through the ballot.Via a statement by Yinka Odumakin, his spokesman at the time who has now turned to one of his fiercest critics, Buhari asked Nigerians to make exceptional sacrifices to assert their collective will in the country.“The Egyptian [...]

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    EXCLUSIVE: Two Oando directors resign as crisis worsens

EXCLUSIVE: Two Oando directors resign as crisis worsens

Two independent non-executive directors of Oando Plc have resigned from the company's board, TheCable can report.Sena Anthony (pictured) and Oghogho Akpata have both informed the Nigerian Stock Exchange (NSE) about their decisions.In their separate resignation letters dated June 3, 2019 and addressed to the company secretary/chief compliance officer of Oando, they did not give any reasons for their decision.TheCable understands, [...]

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    FACT CHECK: Did Obasanjo visit Sanusi as this picture ‘suggests’?

FACT CHECK: Did Obasanjo visit Sanusi as this picture ‘suggests’?

You must have seen the picture on social media -- former president Olusegun Obasanjo packing his brown agbada with his left hand and walking ahead of Muhammad Sanusi II, the emir of Kano, who is dressed in his full regalia.The picture started trending a few days after the decimation of Kano emirate by Abdullahi Ganduje, the governor of Kano state, [...]

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    FACT CHECK: Did DSS find $2bn and gold bars in Adoke’s house?

FACT CHECK: Did DSS find $2bn and gold bars in Adoke’s house?

THE CLAIM: Various news websites recently reported that Adamu Yusuf, a retired brigadier general, tipped off the federal government in 2015 on $2 billion looted funds and gold bars allegedly stashed in the Abuja home of Mohammed Bello Adoke, former minister of justice and attorney-general of the federation. The money and gold were said to have been recovered by the Department [...]

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    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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Exchange Rates

October 30, 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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