Monday, September 24, 2018
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    INVESTIGATION: Imo ‘urban project’… grabbing land from the poor, giving to the rich

INVESTIGATION: Imo ‘urban project’… grabbing land from the poor, giving to the rich

Since the start of his second term, Rochas Okorocha, Governor Imo State, has embarked on an audacious urban renewal drive. On paper, it looks laudable: expand the roads, widen the drainage systems, de-congest clustered city locations. But the project has been splotched by failure to compensate lawful land owners, pulling down of buildings without rebuilding them, demolition of markets without [...]

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    CLOSE-UP: Senator Omo-Age, son of the judge who sentenced Anini to death in 1986

CLOSE-UP: Senator Omo-Age, son of the judge who sentenced Anini to death in 1986

One week after the senate suspended Ovie Omo-Agege, lawmaker representing Delta central senatorial district, he stormed the red chamber with suspected thugs who snatched the mace. To onlookers, the senator’s action-packed invasion could have evoked a familiar scene of a Hollywood all-time thriller.The upper legislative chamber suspended Omo-Agege as a result of his utterances while announcing his opposition to the bid to change [...]

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    FLASHBACK: In 2000, policemen invaded Okadigbo’s residence to retrieve senate’s mace

FLASHBACK: In 2000, policemen invaded Okadigbo’s residence to retrieve senate’s mace

There is nothing new under the sun. On Wednesday, Ovie Omo-Agege, a senator from Delta state, led some unidentified persons into the upper legislative chamber of the national assembly and the senate's symbol of authority was carted away in an operation that lasted less than 10 minutes.This came as a surprise to so many but the red chamber witnessed a [...]

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    UNDERCOVER INVESTIGATION: Cancer is the disease, Nigeria’s health system is the killer

UNDERCOVER INVESTIGATION: Cancer is the disease, Nigeria’s health system is the killer

EDITOR’S NOTE: All the names of cancer patients in the undercover parts of this story have been concealed as a mark of honour for their struggles and respect for their privacy. An undercover method was unavoidable, as it was the only way to ascertain the true quality of healthcare available to them in federal hospitals. TheCable confirmed that the journalist [...]

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    EXPOSED: Bayelsa senator caught in certificate scandal

EXPOSED: Bayelsa senator caught in certificate scandal

Nigerian lawmakers have come under fire for a barrage of reasons lately. From their gargantuan salaries to unproductive and dissatisfactory representation, especially in the implementation of constituency projects, the national assembly has had a tumultuous journey so far.In addition to the above, lawmakers who own false academic certificates from questionable institutions are now being uncovered. However, it is important to [...]

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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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Exchange Rates

September 24, 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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