Wednesday, September 19, 2018

Sodiq Yusuff

    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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    EXCLUSIVE: AGF, EFCC head for showdown over high-profile case files

EXCLUSIVE: AGF, EFCC head for showdown over high-profile case files

The office of the attorney-general of the federation is heading for a showdown with the Economic and Financial Crimes Commission (EFCC) for  allegedly breaching the rules in its prosecutions, TheCable understands.An EFCC official, who declined to be named, told TheCable that Ibrahim Magu, the acting chairman of the EFCC, was on Tuesday served a letter from the office of the AGF [...]

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    Buhari’s anti-graft war suffers massive setback as Egmont Group suspends Nigeria

Buhari’s anti-graft war suffers massive setback as Egmont Group suspends Nigeria

President Muhammadu Buhari's anti-graft war has suffered a massive setback with the suspension of the Nigerian Financial Intelligence Unit (NFIU) from the Egmont Group, TheCable can report.And if Nigeria fails to comply with the group's demands for a legal framework granting autonomy to the NFIU by January 2018, the country will be expelled from the global body which provides the [...]

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    EXCLUSIVE: Osinbajo asks minister to probe suspended NHIS boss

EXCLUSIVE: Osinbajo asks minister to probe suspended NHIS boss

Acting President Yemi Osinbajo has directed Isaac Adewole, minister of health, to probe the allegations against Usman Yusuf, the suspended executive secretary of the National Health Insurance Scheme (NHIS), TheCable understands.Yusuf was suspended by Adewole last week over allegations of fraud, but he is alleging that it was because he refused to accede to illegal requests from the minister.The house of [...]

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    EXCLUSIVE: Axe dangles over Ahmadu Bello’s grandson as crisis brews in sultanate council

EXCLUSIVE: Axe dangles over Ahmadu Bello’s grandson as crisis brews in sultanate council

The source added: "After the peace parley at the palace, EFCC wrote to Danbaba requesting he appears before them to explain his role in the Paris Club refunds saga, and to brief them on the contract he allegedly abandoned in Taraba after collecting funds. "Sensing the opportunity to involve the sultanate council, he asked the kingmakers to intervene and seek a [...]

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    EXCLUSIVE: NIA collected $289m cash from NAPIMS account in 2015

EXCLUSIVE: NIA collected $289m cash from NAPIMS account in 2015

The National Intelligence Agency (NIA) collected $289,202,382 in cash from the account of the National Petroleum Investment Management Services (NAPIMS) in February 2015 after the postponement of the general election, TheCable understands.NAPIMS is a subsidiary of the Nigerian National Petroleum Corporation (NNPC) which manages the investments of the national oil company.It was also from NNPC's accounts that the office of the [...]

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    EXCLUSIVE: NIA never briefed Buhari on ‘covert’ project funds in Ikoyi (updated)

EXCLUSIVE: NIA never briefed Buhari on ‘covert’ project funds in Ikoyi (updated)

The National Intelligence Agency (NIA) never briefed President Muhammadu Buhari that funds for its "covert projects" were warehoused in an Ikoyi flat, presidency sources have told TheCable.This has further raised suspicion that the monies were being warehoused for individual use and not for official purposes.On Wednesday, EFCC said it discovered $43.4m, £27,800 and N23.2m in a house in Ikoyi, Lagos following a tip-off from a [...]

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    EXCLUSIVE: How NLNG resisted pressure to release $2.1bn ‘for 2015 elections’

EXCLUSIVE: How NLNG resisted pressure to release $2.1bn ‘for 2015 elections’

Some “very senior officials” of the  Goodluck Jonathan administration mounted intense pressure on the Nigeria Liquefied Natural Gas (NLNG) Limited to pay dividends and its 2014 company income tax and to government coffers just before the 2015 general election, TheCable has learnt.But the then managing director of NLNG, Babs Omotowa, vehemently resisted the pressure and still believes he would have been [...]

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    EXCLUSIVE: Why Nigeria may NOT review visa policy for Americans

EXCLUSIVE: Why Nigeria may NOT review visa policy for Americans

The Nigerian government is not likely to review its non-immigrant visa validity policy for Americans despite the implications of the Executive Order signed by US President Donald Trump on Friday, a presidency source has told TheCable.TheCable reported on Sunday that under "visa validity reciprocity" section 9,  the order says if a country "does not treat United States nationals seeking nonimmigrant [...]

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    SHOCKER: How the Trump order affects Nigerians (updated)

SHOCKER: How the Trump order affects Nigerians (updated)

Except the federal government takes a proactive visa policy review, Nigerians may now be issued with American entry visas which have one-year validity following the Executive Order signed on Friday by President Donald Trump, TheCable can report.Also, Nigerians who hold dual nationality will be affected if their other passport is from Syria, Iraq, Iran, Sudan, Libya, Somalia and Yemen -- the [...]

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    FACT CHECK: Buhari dead? Attempts suicide? Fake news is booming!

FACT CHECK: Buhari dead? Attempts suicide? Fake news is booming!

Breaking: new websites are springing up to announce the death of President Muhammadu Buhari - or his attempted suicide.They are, in fact, spoofs, purporting to be Metro newspaper of UK or Huffington Post of US, TheCable can report.While "Metro" reported the "death" of Buhari, "Huffington Post" said he was caught "committing suicide".The two fake sites are operated by the same [...]

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    El-Rufai vs Atiku: Has the 2019 battle started so early?

El-Rufai vs Atiku: Has the 2019 battle started so early?

If former vice-president Atiku Abubakar thought he was granting an "ordinary" interview recently, he touched a raw nerve when he mentioned the name Nasir el-Rufai. From el-Rufai's response, it is safe to say the battle for 2019 has begun. Bring it on!Name Atiku Abubakar Nasir Ahmad el-Rufa'iPreferred title Alhaji MalamBorn November 25, 1946 (70 next birthday) February 16, 1960 (57 next birthday)Education Diploma, School of Hygiene, Kano [...]

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Exchange Rates

September 18, 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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