Monday, August 13, 2018
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    Daughter of a judge, Asari-Dokubo’s sister, Ibori’s ex-aide … the female lawmaker who confronted DSS operatives

Daughter of a judge, Asari-Dokubo’s sister, Ibori’s ex-aide … the female lawmaker who confronted DSS operatives

Unfazed by the lethal and fiendish pose of gun-totting operatives of the Department of State Services (DSS), she braced herself for a showdown at the National Assembly Complex on Tuesday. It was the height of daredevilry and bravado for Boma Goodhead, lawmaker representing Asalga/Akulga federal constituency of Rivers state. She dared the masked men to shoot her after they invaded [...]

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    FLASHBACK: ‘N50bn spent on 2015 poll’, ‘mansions in Abuja, Lagos’ — the EFCC allegations against Akpabio

FLASHBACK: ‘N50bn spent on 2015 poll’, ‘mansions in Abuja, Lagos’ — the EFCC allegations against Akpabio

It is no longer news that Godswill Akpabio will be defecting from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). What has remained unclear, however, is why the former governor of Akwa Ibom state is leaving the PDP – a party he held sway as one of its key figures: a former governor and a senate minority leader.The [...]

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    EXCLUSIVE: EFCC begins investigation of Fayose, wife

EXCLUSIVE: EFCC begins investigation of Fayose, wife

The Economic and Financial Crimes Commission (EFCC) has begun the investigation of Ayodele Fayose, governor of Ekiti state, his wife, Feyisetan, and his top aides, TheCable can report.Others being investigated are Lere Olayinka, spokesman to the governor; Toyin Ojo, the state's commissioner for finance; Oluyemisi Owolabi, the state's accountant general.Sources in the know of the investigation said the anti-graft agency is [...]

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    REVEALED: Labour ministry organised N88m empowerment exercise for ‘ghosts’

REVEALED: Labour ministry organised N88m empowerment exercise for ‘ghosts’

The federal ministry of labour and employment organised an N88 million empowerment exercise for individuals that could not be traced.According to the 2016 report from the auditor-general of the federation obtained by TheCable, the supposed empowerment exercise were constituency projects for youths in Oyo and Ondo."Two (2) payment vouchers with amounts totalling N88,110,000.00 (Eighty-eight million, one hundred and ten thousand [...]

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    EXCLUSIVE: FG diverted N28bn Ecological Fund in 2016

EXCLUSIVE: FG diverted N28bn Ecological Fund in 2016

The federal government diverted N28 billion from the Ecological Fund in 2016, TheCable can report.According to the recently released auditor-general's report for 2016, the federal government termed the fund movements as "borrowings" and there were no clear arrangements for repayments."The Ecological Fund was set up for the amelioration of general ecological problems in any part of Nigeria," Anthony Ayine, the [...]

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    OBITUARY: Coomassie, the former IGP who once said ‘no north, no Nigeria’

OBITUARY: Coomassie, the former IGP who once said ‘no north, no Nigeria’

When, in 2016, Ibrahim Coomassie escaped assassination, it was no guarantee that he would live forever. The former inspector-general of police (IGP) joined the marathon sleep at an Orthopaedic hospital in Katsina state on Thursday. He was aged 76.The son of Ahmadu Coomassie, an educationist, the retired policeman had the best of education. From Provincial Secondary School, Zaria, Barewa College, [...]

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    EXCLUSIVE: FAAC overpaid governors N10bn in bailout funds

EXCLUSIVE: FAAC overpaid governors N10bn in bailout funds

The federation accounts allocation committee (FAAC) paid states an excess of N10 billion while sharing bailout funds in 2016, TheCable can report.This is contained in the recently released annual report of the auditor general of the federation obtained by TheCable.In 2015, President Muhammadu Buhari approved funds to help governors pay salaries in their various states."Our review of records at the [...]

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    OBITUARY: Katsina-Alu, renowned jurist who trained with Buhari in the army

OBITUARY: Katsina-Alu, renowned jurist who trained with Buhari in the army

Death is inevitable. In the wee hours of Wednesday, it was the turn of Aloysius Katsina-Alu to heed its call. Katsina-Alu, one of Nigeria’s most eminent jurists, died at Chida Orthopaedic Hospital, Gudu, Abuja.He was the chief justice of Nigeria from December 30, 2009, to August 28, 2011, having succeeded Idris Legbo Kutigi.Katsina-Alu -- who is said to be the first person from the middle belt [...]

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    EXCLUSIVE: Presidency fails to remit PAYE, VAT to FIRS

EXCLUSIVE: Presidency fails to remit PAYE, VAT to FIRS

Aso Rock, Nigeria's seat of executive power, failed to remit taxes, such as pay as you earn (PAYE), value added tax (VAT) and withholding tax (WHT), to the Federal Inland Revenue Service (FIRS) in 2016 -- despite deducting at source.The two chambers of the national assembly also failed to remit these taxes same year.These revelations are contained in the just-released 2016 [...]

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    Naira rain, federal might, ‘Pastor’ Fayose and other highlights of Ekiti poll

Naira rain, federal might, ‘Pastor’ Fayose and other highlights of Ekiti poll

Four years ago, there was jubilation in Aso Rock over the outcome of the governorship election in Ekiti state. Four years after, there is jubilation in Aso Rock over the outcome of another governorship election. It was PDP that celebrated in 2014; it is now the turn of APC.The victory of Kayode Fayemi couldn't have come at a better time [...]

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Exchange Rates

August 10, 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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