Thursday, September 6, 2018

Sodiq Yusuff

    Prophet Mohammed’s cousin, Zakzaky’s tape recorders – and other facts about Shi’ites

Prophet Mohammed’s cousin, Zakzaky’s tape recorders – and other facts about Shi’ites

Not many Nigerians outside the north-west knew a lot about the Islamic Movement in Nigeria (IMN) until December 12, 2015. That was the day the army announced that members of the movement tried to assassinate Tukur Buratai, a lieutenant general and the chief of army staff. In the days that followed, hundreds of IMN members were killed. Their leader, Sheikh [...]

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    EXCLUSIVE: How CBN emptied its vaults to finance PDP’s presidential campaign

EXCLUSIVE: How CBN emptied its vaults to finance PDP’s presidential campaign

The Central Bank of Nigeria (CBN) practically emptied its vaults apparently to finance the presidential campaign of the Peoples Democratic Party (PDP), sources conversant with investigations into security spending in the last administration have informed TheCable.TheCable had earlier reported the extra-budgetary disbursement of N40 billion to the office of the national security adviser and N20 billion to the Department of [...]

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    After Lamorde’s exit, focus shifts to CCT chairman who is embroiled in bribery scandal

After Lamorde’s exit, focus shifts to CCT chairman who is embroiled in bribery scandal

Danladi Umar, the chairman of the Code of Conduct Tribunal (CCT), has come under intense scrutiny over a bribery allegation that will not go away, fuelling speculation that he is now facing an uncertain future.Ibrahim Lamorde was removed as the chairman of the Economic and Financial Crimes Commission (EFCC) on Monday by President Muhammadu Buhari after months of speculation [...]

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    Disquiet as Buhari upsets political balancing in states with his ministerial nominations

Disquiet as Buhari upsets political balancing in states with his ministerial nominations

The people of Kogi central senatorial zone on Thursday issued a "save our soul" plea to President Muhammadu Buhari over the "lopsidedness" of his appointments. The governor, Idris Wada, is from Kogi east while the deputy, Yomi Awoniyi, is from the west, but Buhari has picked his nominee from the east, leaving Kogi central with nothing of significance.“While it is within your constitutional powers [...]

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    Pressure mounts on Ali to accept Customs job

Pressure mounts on Ali to accept Customs job

After initially appearing to turn down his appointment as the new comptroller-general of Nigeria Customs Service, Hameed Ali is reconsidering his position.Ali, a retired colonel, was appointed on August 27 to the surprise of everyone, and he did not immediately assume duty, with David Atte, a deputy comptroller-general, holding the fort after Abdullahi Dikko Inde's retirement.The former military administrator of Kaduna state was [...]

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    EXCLUSIVE: DSS investigates Dasuki’s bank dealings in N40bn security fund probe

EXCLUSIVE: DSS investigates Dasuki’s bank dealings in N40bn security fund probe

The Department of State Services (DSS) has launched a large-scale investigation into the financial transactions of Sambo Dasuki, retired colonel and former national security adviser, TheCable understands.This follows the seizure of yet-to-be-disclosed "huge sums of cash" — said to be in naira and dollars — from his Abuja and Sokoto residences on July 16.The federal government is currently probing the expenditure of over N40 [...]

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    EXCLUSIVE: Despite praying together, Buhari and Saraki still not on speaking terms

EXCLUSIVE: Despite praying together, Buhari and Saraki still not on speaking terms

Hopes of a rapprochement between President Muhammadu Buhari and Senate President Bukola Saraki have continued to fade by the day.The No. 1 and No. 3 citizens are still not on speaking terms despite saying the eid-el-fitr prayers together on Friday July 17, TheCable can report.In a widely publicised photograph, Saraki next to Buhari at the praying ground in Abuja, fuelling speculations [...]

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    Jonathan’s detained ex-CSO on hunger strike

Jonathan’s detained ex-CSO on hunger strike

Gordon Obua, the chief security officer (CSO) to President Goodluck Jonathan for five years, has been arrested and detained by the State Security Service (SSS), TheCable can report.He was arrested on Thursday in connection with ongoing investigations by the secret police on the alleged movement of large sums of "security money" in the last administration as well as oil theft in the [...]

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    FG averts power crisis, renews MHI’s contract

FG averts power crisis, renews MHI’s contract

A major crisis in the power sector has been averted following the extension of the management contract of the Transmission Company of Nigeria (TCN) with Manitoba Hydro International Limited (MHI) of Canada.MHI's three-year contract to manage TCN’s transmission, system operation and market operation undertakings was to expire on July 31, 2015.But the contract has now been extended by one year, [...]

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    EXCLUSIVE: How Dambazau lost out in NSA race

EXCLUSIVE: How Dambazau lost out in NSA race

One man who was 99.99% certain of being appointed national security adviser (NSA) by President Muhammadu Buhari was Abdulrahman Bello Dambazau — until two weeks ago when his stock began to fall.Dambazau, who was removed as chief of army staff and then retired as a lieutenant general in 2010 by former President Goodluck Jonathan, was one person whose appointment was thought to be [...]

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    EXCLUSIVE: Drama at DSS as Marilyn Ogar is transferred to Maiduguri, then recalled

EXCLUSIVE: Drama at DSS as Marilyn Ogar is transferred to Maiduguri, then recalled

The changes at the Department of State Services (DSS), Nigeria's secret police, entered another phase during the week with new postings and a series of reversals. TheCable understands that ‎Marilyn Ogar, who was until recently DSS deputy director, public relations, has been transferred to Maiduguri, Borno state, but the posting has now been put on hold following insinuations that it was "punitive". Ogar, as spokesperson, was [...]

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    THE INSIDER: After CSO fiasco, Buhari set to fire more ‘compromised’ aides

THE INSIDER: After CSO fiasco, Buhari set to fire more ‘compromised’ aides

President Muhammadu Buhari will fire more of his aides who have been using their positions to undermine him by "cutting deals", TheCable understands.This is coming on the heels of what a security source called an "astonishing discovery" of hundreds of millions of naira in the accounts of some presidential villa staff accumulated in the last three weeks.The sources of the deposits [...]

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    EXCLUSIVE: Ex-VP Sambo on the spot over privatisation payments to Canadian firm

EXCLUSIVE: Ex-VP Sambo on the spot over privatisation payments to Canadian firm

The dust is yet to settle over the privatisation of Nigeria's power entities following a series of new revelations on questionable payments made to consultants.CPCS Transcom, a Canadian firm, was paid $10 million for "advisory services" by the Niger Delta Power Holding Company (NDPHC) for the privatisation of 10 National Integrated Power Project (NIPP) plants.However, the same firm had received a [...]

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    EXCLUSIVE: Buhari asked to dump Jonathan’s PIB

EXCLUSIVE: Buhari asked to dump Jonathan’s PIB

It is not yet Uhuru for the Petroleum Industry Bill (PIB) as the APC transition committee has advised President Muhammadu Buhari to jettison the version proposed by the Goodluck Jonathan administration.In its place, the committee said "Dr. Rilwanu Lukman's version" should be passed into law by the national assembly.The omnibus law for the petroleum industry is designed to reform the oil and gas sector, [...]

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    REVEALED: Buhari, Saraki not on speaking terms

REVEALED: Buhari, Saraki not on speaking terms

The crisis between President Muhammadu Buhari and Senate President Bukola Saraki is taking its toll on executive-legislature relations as both men are not on speaking terms, TheCable understands.Buhari, who preferred Ahmad Lawan as senate president, is still livid with Saraki for cutting a deal with the Peoples Democratic Party (PDP) and outsmarting the All Progressives Congress (APC) leaders in the race for Nigeria's No. [...]

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    Senate’s one-month adjournment puts ministerial nomination on hold

Senate’s one-month adjournment puts ministerial nomination on hold

The one-month adjournment by the senate on Thursday has effectively dashed hopes that President Muhammadu Buhari will soon have a cabinet in place.After the controversial adoption of Ali Ndume as senate leader, Bukola Saraki, senate president, adjourned plenary till July 21, a development that means even if Buhari's cabinet list is ready now, the senate will not be sitting to [...]

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Exchange Rates

September 05, 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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