Tuesday, May 22, 2018
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    Abacha Loot: Adeosun blocks $17m dubious payment to Malami’s lawyers

Abacha Loot: Adeosun blocks $17m dubious payment to Malami’s lawyers

Kemi Adeosun, the minister of finance, has refused to approve the payment of $16.9 million dubious fees to two lawyers for the recovery of Abacha loot worth $321 million, TheCable can report.Meanwhile, TheCable has confirmed that the recovered sum has been repatriated to Nigeria by the Swiss government following the execution of the memorandum of understanding (MoU) between the two [...]

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    INTERVIEW: Fayemi, Oni know I can get whatever I want, says Ojudu

INTERVIEW: Fayemi, Oni know I can get whatever I want, says Ojudu

The governorship election in Ekiti state is two months away, and a good number of aspirants have been declaring their intentions to run. Babafemi Ojudu, special adviser to President Muhammadu Buhari on political matters, is one of the aspirants who thinks he is the best head for the Ekiti governorship crown.In this interview with TheCable, he talks about his agenda, if [...]

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    Abacha loot: I never asked Nigeria for extra pay, says Swiss lawyer

Abacha loot: I never asked Nigeria for extra pay, says Swiss lawyer

Enrico Monfrini, a Swiss lawyer hired by the Nigerian government since 1999 to work on recovering Abacha loot, has denied asking for additional fees.His denial came on the heels of a syndicated article in Nigerian media seeking to justify the duplication of Monfrini's job by Abubakar Malami, the attorney-general of the federation (AGF).TheCable had reported the engagement of another set of [...]

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    Nine federal lawmakers die in three years — what’s going on?

Nine federal lawmakers die in three years — what’s going on?

Mustapha Bukar, senator representing Katsina north, died on Wednesday, taking the death toll in the current national assembly to nine in roughly three years.The first death was recorded even before the inauguration of the national assembly -- Ahmed Zanna, re-elected to represent Borno central senatorial district, died a month to inauguration.While mourning, Yakubu Dogara, speaker of the house of representatives, said: [...]

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    THE INSIDER: NCC chairman, Durojaiye, scheming to sell 9mobile to Smile Telecoms

THE INSIDER: NCC chairman, Durojaiye, scheming to sell 9mobile to Smile Telecoms

Olabiyi Durojaiye, the chairman of the board of the Nigerian Communications Commission (NCC), is working very hard to shift the goalposts and force the sale of 9mobile to Smile Telecoms Holdings, TheCable can report.The troubled mobile operator had been sold to Teleology Holdings Ltd whose bid was preferred to that of Smile Telecoms.Teleology, promoted by Adrian Wood, former CEO of [...]

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    OBITUARY: Winnie, ‘mother of new South Africa’ who made Mandela ‘loneliest’ man in the world

OBITUARY: Winnie, ‘mother of new South Africa’ who made Mandela ‘loneliest’ man in the world

After suffering a protracted illness, Winnie Mandela, former wife of Nelson Mandela, South African hero, died on Monday, at the age of 81. Just like her late husband - who died five years ago, she was a formidable force in the anti-apartheid campaign and had her own share of imprisonments and other forms of intimidation.While Mandela was in prison, the deceased [...]

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    EXTRA: Aisha Buhari condemns foreign medical treatment

EXTRA: Aisha Buhari condemns foreign medical treatment

Aisha Buhari, Nigeria's first lady, has condemned the practice of spending the nation's resources abroad via medical tourism.She said she does not believe in Nigerians travelling abroad to receive treatment because “we have all it takes” for world-class medical services.Aisha said this on Wednesday when she inaugurated Cedarcrest Hospital — where Yusuf, her son, was once treated — in Abuja.“I [...]

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    TRIBUTE: What you never knew about Mohammed Abubakar, the man ‘behind’ Buhari

TRIBUTE: What you never knew about Mohammed Abubakar, the man ‘behind’ Buhari

Behind every successful man, they say, is a woman. Behind every successful president, we can say, is his aide-de-camp (ADC).Mohammed Abubakar, an army colonel, is the man behind President Muhammadu Buhari. One of those men whose words we don’t hear, but who emits golden silence.Abubakar was born on March 28, 1973, in Zaria, Kaduna state, to inter-ethnic parents from Edo [...]

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    EXCLUSIVE: Nigerian lawyers to earn another $17m from Abacha loot

EXCLUSIVE: Nigerian lawyers to earn another $17m from Abacha loot

Nigerian lawyers freshly engaged by the federal government to "help" with the repatriation of $321 million stolen by Sani Abacha, former military ruler, will be paid $17 million (over N6 billion) for their services, TheCable has learnt.This amount is nearly thrice more than what was already paid to Swiss lawyer, Enrico Monfrini, for the same job which he was yet to complete [...]

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    OBITUARY: Wakili, retired customs comptroller who spent less than a decade in politics

OBITUARY: Wakili, retired customs comptroller who spent less than a decade in politics

On Friday, Ali Wakili, lawmaker who represented Bauchi south senatorial district, joined the high and mighty at the Kano wedding of the daughter of Aliko Dangote, Africa's richest man. They ate; they drank and enjoyed every bit of the moment. He probably planned to attend another high-profile wedding the next day, unknown to him that the party at the palace of [...]

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Exchange Rates

May 22, 2018USDGBPEUR
INTERBANK360.45487.18428.32
LAGOS360495436
KANO360494435
PH361494430
ABUJA360495430
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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