Saturday, February 16, 2019

Sodiq Yusuff

    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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    EXCLUSIVE: NERC chairman-designate writes senate, apologises for no-show

EXCLUSIVE: NERC chairman-designate writes senate, apologises for no-show

Akintunde Ibitayo Akinwande, the chairman-designate of the National Electricity Regulatory Committee (NERC), has written to the senate committee on power, steel development and metallurgy to apologise for failing to show up for screening on Tuesday.The professor of electrical engineering and computer science at the Massachusetts Institute of Technology (MIT), US, in a letter dated October 26, 2016 and obtained by TheCable, [...]

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    EXCLUSIVE: Abba Kyari asks DSS, police to investigate him over ‘MTN bribe’

EXCLUSIVE: Abba Kyari asks DSS, police to investigate him over ‘MTN bribe’

Abba Kyari, chief of staff to the president, has written to the director of the Department of State Services (DSS) and the inspector general of police to investigate him over reports that he received a bribe from MTN.It was alleged that he collected N500 million from the telecoms giants in order to help reduce their fine from N1.04 trillion to N330 billion for [...]

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    EXCLUSIVE: Jonathan was under pressure to sell FG stake in NLNG

EXCLUSIVE: Jonathan was under pressure to sell FG stake in NLNG

This is not the first time private sector players have put pressure on the federal government to sell off all or part of its 49% stake in Nigeria Liquefied Natural Gas (NLNG) Ltd, TheCable can report.NLGN Ltd was incorporated in 1989, with the shareholders being NNPC (representing the Federal Government of Nigeria) owning 49% equity, Shell Gas BV 25.6%, Total LNG [...]

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    QUESTION: Who are the governors ‘blocking’ Jibrin?

QUESTION: Who are the governors ‘blocking’ Jibrin?

The crisis rocking Nigeria’s house of representatives took another twist Sunday evening when the sacked chairman of the appropriations committee, Abdulmumuni Jibrin, accused two sitting Governors and three former legislators of undermining his call for probe of Speaker Yakubu Dogara and 12 others.His words: “After three days of careful observation and receiving information from Nigerians, I discovered a grand plan [...]

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    EXCLUSIVE: Documents reveal whereabouts of ‘missing’ $7.8bn NLNG dividends

EXCLUSIVE: Documents reveal whereabouts of ‘missing’ $7.8bn NLNG dividends

TheCable has seen documents indicating the trail of the "missing" dividends paid by the Nigeria Liquefied Natural Gas (NLNG) to the Nigeria National Petroleum Corporation (NNPC) between 2005 and 2013.The Economic and Financial Crimes Commission (EFCC) and the senate are currently investigating the findings of the 2013 audit report of the Nigeria Extractive Industries Transparency Initiative (NEITI) which raised the issue.NEITI [...]

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    EXCLUSIVE: Buhari drops Fashola’s candidate for NERC chair, picks MIT professor

EXCLUSIVE: Buhari drops Fashola’s candidate for NERC chair, picks MIT professor

President Muhammadu Buhari has nominated Akintunde Ibitayo Akinwande, a professor in the electrical engineering and computer science department of the Massachusetts Institute of Technology (MIT), as the executive chairman of the Nigerian Electricity Regulatory Commission (NERC).Akinwande (pictured) will succeed Sam Amadi whose tenure ended in 2015.Babatunde Fashola, minister of works, power and housing, had preferred Olasupo Shasore, who was once attorney-general under him as [...]

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    THE INSIDER: FG losing billions as intrigues, fraud paralyse Nigeria-São Tomé venture

THE INSIDER: FG losing billions as intrigues, fraud paralyse Nigeria-São Tomé venture

Fraud, witch-hunting and dirty intrigues have paralysed the Nigeria-São Tomé and Príncipe Joint Development Authority (JDA), insiders have informed TheCable.The JDA was established in 2002 to manage activities in the Nigeria-São Tomé and Príncipe joint development zone (JDZ) where there has been an oil find.The oil finds in the JDZ are rich non-hydrocarbon resources — typical of the Gulf of [...]

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    THE LIST: Army retires ex-aides to Jonathan, Yar’Adua, Dasuki, Azazi

THE LIST: Army retires ex-aides to Jonathan, Yar’Adua, Dasuki, Azazi

Ex-ADCs to former Presidents Umaru Musa Yar'Adua and Goodluck Jonathan are among the military officers retired by the Nigerian army in its latest exercise.They were retired over two allegations, according to the army: partisanship and corruption.Ojogbane Adegbe, a colonel and former ADC to Jonathan, and Mustapha Onoiveta, former ADC to Yar'Adua, were both retired.Nicholas Achinze, a colonel and former military assistant to Owoye Azazi, a [...]

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Exchange Rates

February 15, 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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