Parents of Nigerian students abroad weep in banks over the scarcity of dollars

  -Vanguard Dollar scarcity: Parents of overseas students weep in banks   Fisayo Falodi, Success Nwogu, Jesusegun Alagbe, Demola Olonilua and Armstrong Bakam As dollar scarcity worsens in Nigeria, parents who have children schooling abroad have taken their frustrations to banks, with some of them weeping openly, as Saturday PUNCH observed. Investigations by our correspondents […]

Shocking Revelation: $24bn crude oil swap deal has no contract –Reps

$24bn crude oil swap deal has no contract –Reps From Kemi Yesufu, Abuja The House of Representatives Ad-hoc committee investigating $24 billion crude oil swap, yesterday, heard how there was no official contract for the deal between Nigerian National Petroleum Corporation (NNPC), Duke Oil and Transfigura, another oil company. Indications emerged  from the  Hon. Zakari […]

AGF, Senate, NDLEA agree on Kashamu’s extradition

The Attorney-General of the Federation, Abubakar Malami, and the authorities of the National Drug Law Enforcement Agency on Saturday agreed with the Senate to halt the alleged abduction of the senator representing Ogun East Senatorial District, Buruji Kashamu, to the United States. Kashamu had alleged penultimate week that the anti drug agency was conniving with […]

Senate questions Fashola over $4 billion Ministry of Works road contract

Senate Committee on Works has queried the Federal Ministry of Works over N4billion it gave out to 11 road contractors across the country last year as mobilization fees without any one of them moving to site to construct a meter of road not to talk of kilometers of roads awarded to them. The committee also […]

We are investigating Okonjo-Iweala and Allison-Maduake -EFCC

The Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu on Monday, disclosed that the agency had commenced investigation of the former Finance Minister and Coordinating Minister of the Economy, Dr Ngozi Okonjo- Iweala, the former Minister of Petroleum Resources, Diezani Allison-Madueke and a close associate of the former Petroleum Minister, Kola Aluko. The EFCC […]

Buhari takes a little time off – Makes VP Osinbanjo, acting president

  Buhari Takes A Little Time Off Report reaching DAILY POST has it that President Muhammadu Buhari has begun a short vacation from today, February 5 to February 10, 2016. This was disclosed by the Special Adviser to the President (Media & Publicity), Mr. Femi Adesina According to Adesina, while the President is on vacation, […]

Nigerians attack Economist for calling Jonathan ‘ineffectual buffoon’

Nigerians have expressed outrage at the Economist for labeling the country’s past president, Goodluck Jonathan, as an ‘ineffectual buffoon.’ In an article titled “Crude Tactics: Cheap oil is causing a currency crisis in Nigeria. Banning imports is no solution”, published in The Economist last Thursday, the magazine, while analysing the economic policies of President Muhammadu […]

Okonjo-Iweala blasts Falana over linkage with $2.1bn arms scandal

  -Vanguard Former Finance Minister, Dr. Ngozi Okonjo-Iweala, has described as malicious attempts by Lagos lawyer, Mr. Femi Falana (SAN), to link her with the $2.1 billion arms scandal. Falana had written the International Criminal Court, ICC, asking it to investigate those allegedly involved in the arms deal, including the former National Security Adviser, NSA, […]

Ex Sharia governor, Sani Yerima Ahmed, arraigned for N1bn fraud

-Punch The Independent Corrupt Practices Commission on Thursday arraigned former Governor Sani Yerima of Zamfara State before a Gusau High Court over an allegation that he misapplied over N1bn while in office in 2006. Yerima is standing trial on a 19-count charge bordering on misappropriation of funds, according to the News Agency of Nigeria. Counsel […]

55 Nigerians stole N1.34trn in 8 years – FG

By Soni Daniel, Northern Region Editor & Emmanuel Elebeke ABUJA —The Federal Government said, yesterday, that 55 well-placed Nigerians stole a whopping N1.34 trillion between 2006 and 2013, an amount that would have been enough to provide significant developmental projects across the country. Minister of Information, Alhaji Lai Mohammed, gave the figure while addressing a […]

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