Thursday, February 21, 2019

Sodiq Yusuff

    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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    ‘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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    EXCLUSIVE: Auditor-general reveals source of $43m Ikoyi cash

EXCLUSIVE: Auditor-general reveals source of $43m Ikoyi cash

The huge sum of money found at a residence in Ikoyi, Lagos state, was taken from Nigeria's joint venture (JV) cash call account at the American bank, JP Morgan Chase, according to the report of the auditor-general of the federation seen by TheCable.NNPC currently runs six JVs -- with Shell Petroleum Development Company of Nigeria Limited (SPDC), Chevron Nigeria Limited (CNL), Mobil Producing [...]

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    EXPOSED: Documents show how Malami, Dambazau plotted Maina’s recall

EXPOSED: Documents show how Malami, Dambazau plotted Maina’s recall

Three top officials in the government of President Muhammadu Buhari played prominent roles in the reinstatement of Abdulrasheed Maina, ex-chairman of the Pension Reform Task Team (PRTT), into the civil service, TheCable can report.Documents seen by TheCable showed the involvement and full knowledge of Winifred Oyo-Ita, head of the civil service of the federation; Abdulrahman Dambazau, minister of interior; and [...]

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    SHOCKER! Kachikwu submitted letter to Buhari only AFTER media leak

SHOCKER! Kachikwu submitted letter to Buhari only AFTER media leak

Ibe Kachikwu, minister of state for petroleum resources, submitted his controversial memo to the office of President Muhammadu Buhari only after it was leaked to the media, TheCable can report.Whereas the letter -- dated August 30, 2017 -- leaked on Tuesday, October 3, 2017, he submitted it only on Thursday, October 5.Buhari was said to have been surprised that he [...]

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    THE LAW: Death for Kanu, jail for journalists — implications of IPOB terrorist tag

THE LAW: Death for Kanu, jail for journalists — implications of IPOB terrorist tag

The Nigerian military authorities on Friday declared the Indigenous People of Biafra (IPOB) a "militant terrorist organisation". John Enenche, a major-general and director of defence information, listed a number of reasons to justify the declaration.These are:the formation of a Biafra Secret Service claimed formation of Biafra National Guard, unauthorised blocking of public access roads extortion of money from innocent civilians at illegal road blocks militant possession and [...]

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    EXTRA: Aso Rock clinic DOES NOT have paracetamol or cotton wool

EXTRA: Aso Rock clinic DOES NOT have paracetamol or cotton wool

This might give you some headache: the clinic for Nigeria's seat of power does not have the commonest of medications, paracetamol, TheCable has learnt.And cotton wool? The patient has to buy from outside. Syringes? Not available. X-ray? Sorry, the machine is out of order. Ambulance? Well, if the patient can buy the fuel.This is the sorry story of the State House [...]

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Exchange Rates

February 21, 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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