Tuesday, February 19, 2019
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    EXPOSED: How NBET MD raked in millions through ‘fraudulent contracts’

EXPOSED: How NBET MD raked in millions through ‘fraudulent contracts’

Marilyn Amobi, managing director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion to two power generating companies, documents obtained by Leaks NG have shown.  Leaks NG is Nigeria's collaborative investigative platform, comprising eight leading newsrooms, including TheCable.The documents also revealed that Amobi, who was made the substantive MD of NBET in July 2016, was also [...]

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    OBITUARY: Waku, the senator who wanted military to seize power from Obasanjo

OBITUARY: Waku, the senator who wanted military to seize power from Obasanjo

"And by the time I am gone, that is what I want to be remembered for," were the words of blunt and assertive Joseph Waku, a former Nigerian senator, while extolling the courage and legacy of John McCain, ex-US Republican senator. McCain was an American politician and military officer who served as a senator from Arizona. So principled, the US lawmaker [...]

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    ALERT: Nigeria’s foreign reserves at risk over $9bn UK judgment

ALERT: Nigeria’s foreign reserves at risk over $9bn UK judgment

Nigeria’s foreign commercial assets are at risk as a British company moves to enforce a $9bn arbitration award against the country over a breach of contract, TheCable can report.Process and Industrial Developments Limited (P&ID), an engineering and project management company, is expected to get a final order from English courts on February 15, 2019 to enforce the arbitration tribunal award [...]

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    REVEALED: What Onnoghen told CCB on his asset declaration (full text)

REVEALED: What Onnoghen told CCB on his asset declaration (full text)

Exactly one week ago, President Muhammadu Buhari suspended Walter Onnoghen, chief justice of Nigeria (CJN), over alleged false assets declaration.In his speech at the occasion where Onnoghen was suspended and Ibrahim Muhammad appointed in acting capacity, Buhari said Onnoghen had admitted that he failed to "follow the spirit and letter of the law" in declaring his assets.Defending his action which [...]

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    Bafarawa: How I rigged ANPP primary for Buhari in 2003

Bafarawa: How I rigged ANPP primary for Buhari in 2003

Attahiru Bafarawa, former governor of Sokoto state, says he manipulated the presidential primary of the All Nigeria Peoples Party (ANPP) in favour of Muhammadu Buhari in 2003.Buhari got the party’s nomination but lost to President Olusegun Obasanjo in the presidential election.Bafarawa, who was doubling as the party’s chairman then, said Rochas Okorocha was set to pick the ANPP presidential ticket [...]

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    EDITORIAL: Recall Onnoghen and allow him to step aside

EDITORIAL: Recall Onnoghen and allow him to step aside

The suspension of Walter Onnoghen as the chief justice of Nigeria (CJN) by President Muhammadu Buhari has predictably generated furore within and outside the country, a situation that is less desirable a few weeks to the 2019 general election.The process leading to Onnoghen's suspension, beginning with the petition by a civil society group against him over an alleged non-declaration of assets, [...]

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    PhD holder, former Sharia judge — meet Tanko Muhammad, acting CJN

PhD holder, former Sharia judge — meet Tanko Muhammad, acting CJN

President Muhammadu Buhari, on Friday, swore in Tanko Ibrahim Muhammad as the new chief justice of Nigeria (CJN) following the suspension of the Walter Onnoghen.Onnoghen, who was appointed in 2016, was removed after corruption allegations were levelled against him.Muhammad is coming on board three weeks to the presidential election.Here are key facts about him.EDUCATIONBorn on December 31, 1953 at Doguwa, Giade, [...]

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    POSER: Does the president have the powers to suspend the CJN?

POSER: Does the president have the powers to suspend the CJN?

On Friday, President Muhammadu Buhari took an unprecendent move when he suspended Walter Onnoghen as chief justice of Nigeria (CJN) over his ongoing trial at the Code of Conduct Tribunal (CCT). The president said Onnoghen’s removal followed the ruling of the Code of Conduct Tribunal (CCT) which ordered that he should be suspended and replaced with his second-in-command.But the big question [...]

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    POLL: Should presidential debate be made compulsory in Nigeria?

POLL: Should presidential debate be made compulsory in Nigeria?

The flagship vice-presidential and presidential debates for the February 16 elections have come and gone with a sour taste in the mouth of many Nigerians at home and abroad.Many are angry at Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), who flew 12 to 13 hours from Washington DC, only to boycott the debate over the incumbent's [...]

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    LIVE FACT CHECK: Verifying candidates at presidential debate

LIVE FACT CHECK: Verifying candidates at presidential debate

Finally, we are at the threshold of history, witnessing the 2019 flagship presidential debate!The debate, which is hosted by Nigeria Elections Debate Group (NEDG) and the Broadcasting Organisations of Nigeria (BON) is currently ongoing at the Transcorp Hilton Hotel, Abuja.To keep the debaters accountable, TheCable, Nigeria's independent online newspaper, is live-checking the supposed facts and figures being bandied by the politicians, who [...]

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Exchange Rates

February 18, 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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