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Non-remittance of $49.8bn: NNPC refutes CBN claim (It has been embezzled)

The Nigerian National Petroleum Corporation (NNPC) has refuted reports credited to the Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, alleging that it withheld the sum of $49.8bn representing 76 per cent of the total crude oil revenues from January 2012 to July 2013. In a statement signed by the General Manager, […]

Court stops NASS from performing Rivers Assembly’s functions

THE Federal High Court sitting in Abuja, on Wednesday, stopped the National Assembly from performing the legislative functions of the Rivers State House of Assembly. 0 Ruling on a suit filed by two lawyers, Messrs Tamunotemi Asobari and John Kpakol, against the National Assembly, represented by its counsel, Ade Okeaya-Inneh, Justice A. R. Muhammed held […]

Nigeria in the history of Mandela, South Africa *Nigerians upset at lack of recognition at Mandela’s memorial service

Written by  Sulaimon Olanrewaju Wednesday, December 11, 2013   President Jonathan advertisement     <a href=”http://media.fastclick.net/w/click.here?sid=12386&m=6&c=1″ target=”_blank”><img src=”http://media.fastclick.net/w/get.media?sid=12386&m=6&tp=8&d=s&c=1&vcm_acv=1.3″ width=”300″ height=”250″ border=”1″></a> The din of the voices of world leaders drowned the thud of the rains on Tuesday as they defied the early morning showers to pay poignant tributes to the late global icon, Nelson Mandela, […]

Ex-Goldman Sachs banker jailed in UK over Ibori’s loot

  FORMER Goldman Sachs banker, Elias Preko, was yesterday, sentenced to 4-1/2 years in prison by a London court for laundering $5 million on behalf of James Ibori, the former Governor of Delta State, James Ibori. Ibori is serving 13 years in a British jail after pleading guilty last year to 10 counts of fraud […]

Why Mandela Was Angry With Nigeria’

“IT is better to help a friend pay his fine, than tell a lie to help him cover a crime.”  – Nigerian proverb. It was literally a life-long ambition, and I used every opportunity to meet the old man in person. I was finally in a position to press buttons and call old friends to […]

‘Why Jonathan didn’t speak at Mandela’s service’

Presidential Spokesman, Dr Reuben Abati has said that President Goodluck Jonathan was not billed to speak at the Mandela Memorial service. According to Abati, only six out of the 100 world leaders at the event, were slated to speak and Jonathan was not one of those chosen to render any speech. “The late Madiba’s burial […]

Festus Iyayi: Why the Harsh Criticisms Must Not Stop – By Raheem Oluwafunminiyi

  By Raheem Oluwafunminiyi | Ibadan, Nigeria | Dec. 9, 2013 –Not too long ago, while glancing through one of the social media platforms for further details and information on the gloomy election recently held in Anambra state, this writer came across a bold comment from someone who warned harsh critics of everything that has […]

Okonjo-Iweala on Rivers State governor, Amaechi

It’s unfortunate that Governor Rotimi Amaechi of Rivers State is persisting in his outrageous and totally illogical campaign of falsehood against the Federal Ministry of Finance and the Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala. His statement that Dr Okonjo-Iweala is responsible for the delay of the African Development Bank water project is a […]

Press Release: Okonjo-Iweala – Clarifying inaccuracies in Reuters story on subsidy payments

  FEDERAL MINISTRY OF FINANCE   News Release. December 6, 2013.   CLARIFYING INACCURACIES IN REUTERS STORY ON SUBSIDY PAYMENTS IN NIGERIA     In its recent story on subsidy payments to oil marketers in Nigeria, Reuters confuses the facts and obfuscates the issues.   It is well known that the Federal Ministry of Finance […]

Jonathan blasts Obasanjo, other former leaders, saying they are inferior to Mandela

President Goodluck Jonathan has said past Nigerian leaders cannot be compared to the late former South African leader, Nelson Mandela, saying it was on record that they ruled repressively during their regimes. He also described Nigerian politicians who threaten, boast and play little gods by virtue of their position as tiny men, a character trait […]

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