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Okonjo-Iweala loses World Bank presidency to incompetent American in a highly politicized selection process – Makes Africa proud

The Executive Directors of the World Bank on Monday selected American nominee, Dr. Jim Yong Kim, as the new president of the institution. This ends weeks of speculation after Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, and former Colombian Finance Minister Jose Ocampo, slugged it out with Kim. Ocampo pulled out of the race on […]

London court commences sentence hearing for James Ibori

A London Court is set to sentence former Delta State governor, James Ibori, today. The beleagured ex-governor who pleaded guilty to 10 counts of fraud and money laundering charges to the tune of $250 million could face up to 10 years in jail, reports say. James Ibori James Ibori appeared at the Southwark Crown Court […]

World Bank Presidency: America’s candidate, Kim, set to win today (Where is the so-called American democracy?)

BY Emma Ujah, Abuja Bureau Chief ABUJA — In spite of the spirited fight by the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, for the position of the President of the World Bank, indications emerged last night that United States of America’s candidate, Mr. Jim Yong Kim will win comfortably. […]

South Africa braced for disappointment in World Bank choice; presidency vote later Monday

JOHANNESBURG — South Africa’s finance minister, appearing braced for disappointment when the World Bank chooses a new leader later Monday, said he’ll push for more international financial institution reforms. Pravin Gordhan spoke to reporters in Johannesburg hours before the World Bank’s executive board is expected to vote on its president. The two candidates are Nigerian […]

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