Tuesday, May 22, 2018

Tag "corruption"

    Zimbabwean minister says corruption can be productive

Zimbabwean minister says corruption can be productive

Terrence Mukupe, Zimbabwean deputy finance minister, says corruption can be positive for a country.According to New Zimbabwe, Makupe said this at a roundtable in Harare, the nation's capital, on Tuesday.The minister explained that corruption could be the motivation that could ensure "that the transaction works".“I read an article to the effect that corruption can be also positive for the country. [...]

0 comment Read Full Article
    Buhari: My first war against corruption landed me in trouble

Buhari: My first war against corruption landed me in trouble

President Muhammadu Buhari says his first attempt to fight corruption led to his removal from office.In 1985, Ibrahim Babangida, a former head of state, plotted a coup which led to the removal of Buhari, then a military head of state.Speaking while inaugurating the new Economic and Financial Crimes Commission (EFCC) headquarters in Abuja, the president said his administration is not [...]

0 comment Read Full Article
    The ‘grand’ in PDP/Jonathan’s legacy of corruption

The ‘grand’ in PDP/Jonathan’s legacy of corruption

“And the reason why we will talk about it is, first, we must let our people know that we cannot afford to go this way again. And this is the point we are making, that there is no country in the world, and we must know this; there is no country in the world that would allow its resources to [...]

1 comment Read Full Article
    Magu: N24bn EFCC complex could have been built for N120bn 

Magu: N24bn EFCC complex could have been built for N120bn 

Ibrahim Magu, chairman of the Economic Crimes Commission (EFCC), has defended the use of N24 billion in building a new headquarters.Speaking with journalists during a tour of the complex in Abuja, on Wednesday, Magu said contrary to insinuations that the money is too much, the value of the building could have been five times the amount used.He said the EFCC [...]

0 comment Read Full Article
    Saraki to Magu: We’re together in the war against corruption

Saraki to Magu: We’re together in the war against corruption

Senate President Bukola Saraki has assured Ibrahim Magu, chairman of the Economic and Financial Crimes Commission (EFCC), that he is with him in the fight against corruption.Saraki said this on Tuesday while speaking with journalists after a tour the new headquarters of the commission in Jabi, Abuja.Saraki said he would continue to support efforts to build and strengthen the country's [...]

0 comment Read Full Article
    Laolu Akande: N88bn Jonathan got illegally in one day is enough to fund 244,000 N-Power graduates for a year

Laolu Akande: N88bn Jonathan got illegally in one day is enough to fund 244,000 N-Power graduates for a year

Laolu Akande, spokesman of Vice-President Yemi Osinbajo, says his principal is standing by the allegations of corruption he levelled against the government of ex-President Goodluck Jonathan.He said this on Monday, while reacting to a report attributed to “Jonathan’s media office” on previous allegations.Osinbajo had been accused of lying against the ex-president or his government by citing the looting of the nation’s [...]

0 comment Read Full Article
    US punctures anti-graft war, says massive corruption evident under Buhari

US punctures anti-graft war, says massive corruption evident under Buhari

The United States says corruption is being perpetrated as a result of the "failure" of President Muhammadu Buhari's administration to implement laws against such practices.In its 2017 Human Rights Report, it said numerous cases of corruption were evident across all levels of government.It added that while the government took steps to investigate alleged human abuses, “impunity remained widespread at all [...]

2 comments Read Full Article
    Sagay: Why no ‘corrupt’ ex-president has been charged to court

Sagay: Why no ‘corrupt’ ex-president has been charged to court

Itse Sagay, chairman of the Presidential Advisory Committee Against Corruption (PACAC), says the federal government is yet to charge any former president to court over corruption allegations in order to avoid “distractions”.The administrations of ex-Presidents Olusegun Obasanjo and Goodluck Jonathan have been, at various times, accused of corruption.With no corruption charges filed against the two leaders yet, some Nigerians say [...]

0 comment Read Full Article
    Sagay: Whistleblowers CANNOT get 5% of recovered loot if it’s an extremely large amount

Sagay: Whistleblowers CANNOT get 5% of recovered loot if it’s an extremely large amount

Itse Sagay, chairman of the presidential advisory committee against corruption (PACAC), says a whistleblower can get as low as one percent commission "if it is an extremely large amount". This is lower than the 2.5 percent stipulated by the whistleblower policy.Under the policy introduced in 2016 to fight corruption, an individual who gives information on financial crimes is entitled to between [...]

0 comment Read Full Article
    ‘What have I done?’ — Zuma asks as corruption trial begins

‘What have I done?’ — Zuma asks as corruption trial begins

Jacob Zuma, former South African president, says he will be proven innocent of the corruption charges brought against him.Zuma is being tried before a Durban high court on a 16-count charge of corruption relating to a 30 billion rand ($2.20 billion) arms deal arranged in the late 1990s.Speaking to his supporters outside the court on Friday, Zuma claimed his opponents [...]

0 comment Read Full Article
    Fayose accuses Buhari of rewarding looters who decamped from PDP

Fayose accuses Buhari of rewarding looters who decamped from PDP

Ayodele Fayose, Ekiti state governor, says President Muhammadu Buhari is presiding over the most corrupt government in Nigeria’s history.Fayose said in a statement issued on Monday by Lere Olayinka, his special assistant on public communications and new media.He alleged that Buhari’s fight against corruption is selective as it "protects and rewards" looters who decamped from Peoples Democratic Party (PDP).He said [...]

0 comment Read Full Article
    PDP challenges Buhari to name his campaign donors

PDP challenges Buhari to name his campaign donors

The Peoples Democratic Party (PDP) has challenged President Muhammadu Buhari to reveal source of his campaign funds.In a statement on Saturday, Kola Ologbondiyan, spokesman of the PDP, said Buhari has no moral to fight corruption because he is a "beneficiary of the corruption freebies."Ologbondiyan said Buhari ought to have known that the resources deployed in the 2015 election for him [...]

0 comment Read Full Article
    FG isn’t serious with anti-graft war, says CDHR on ‘looters’ list

FG isn’t serious with anti-graft war, says CDHR on ‘looters’ list

The Committee for the Defence of Human Rights (CDHR) has described as one-sided, the list of alleged looters released by the federal government on Friday.The list released by Lai Mohammed, minister of information, has names of only members of the Peoples Democratic Party (PDP).The minister said the names were released as a result of the challenge that the government from [...]

0 comment Read Full Article
    Osinbajo: I won’t stop talking about corruption under Jonathan

Osinbajo: I won’t stop talking about corruption under Jonathan

Vice-President Yemi Osinbajo says he will not stop talking about the corruption perpetrated under former President Goodluck Jonathan.He said this on Thursday at the 10th Bola Tinubu Colloquium in Lagos.He said the President Muhammadu Buhari administration is determined to change the negative perception about Nigeria.“Let me say that when we began our journey in 2014, our party the APC was determined [...]

0 comment Read Full Article
    Anti-corruption war: Changing the strategy

Anti-corruption war: Changing the strategy

BY SUNDAY ELOMSince Nigeria gained independence, the country has been battling with how to tame the monster called corruption. However, the efforts, if any, have left little to be desired of, largely due to a lack of strategy.The instances of bribery and corruption are no longer new in Nigeria. David Cameroon’s assertion that “Nigeria is fantastically corrupt” rings true, considering [...]

0 comment Read Full Article
    Buhari signs agreement with Switzerland on return of looted assets

Buhari signs agreement with Switzerland on return of looted assets

President Muhammadu Buhari has signed a memorandum of understanding (MoU) with the Switzerland government on the return and monitoring of illegally acquired assets.Femi Adesina, special adviser on media and publicity to the president, made this known in a statement issued on Monday.He said Buhari also signed the instrument of ratification of the agreement between Nigeria and Singapore for the avoidance [...]

0 comment Read Full Article
Advertisement

 

Advertisement

Advertisement

Exchange Rates

May 17, 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.
Advertisement
Advertisement
Advertisement
Advertisement