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 […]

Fresh arms scandal: 18 Generals to appear before EFCC on Monday

Some of the Generals Viewed – 79796 Olalekan Adetayo, Abuja Eighteen military chiefs that President Muhammadu Buhari ordered the Economic and Financial Crimes Commission to probe will start appearing before the commission on Monday. Saturday PUNCH learnt that the commission had sent invitations to some of the Generals and the companies, whose names featured in […]

Naira at lowest level in 43 years, now N305/dollar

*As stock market losses peak at N1.2 trillion *Market capitalization down by 12.36 per cent By Emeka Anaeto, Economy Editor & Babajide Komolafe LAGOS—The financial sector appears to have entered a heightened pressure, yesterday, as both the foreign exchange and stock market sustained major negative trends. The Naira depreciated further to a 43-year low at […]

80th Birthday Dinner: Soyinka replies Rivers govt

Nobel laureate, Professor Wole Soyinka has described as ‘abominable distractions,’ statement by the Rivers State Commissioner for Information, Dr Austin Tam-George, that the state would demand refund from him (Soyinka) if he collected cash from the  N82 million allegedly spent by immediate-past Governor, Rotimi Amaechi on a dinner to honour him. Soyinka, who reacted in […]

There’re plans to kill Buhari – Fr. Mbaka

Ihuoma Chiedozie, Enugu Fiery Enugu Catholic priest, and founder, Adoration Ministry, Rev. Fr. Ejike Mbaka, in a New Year sermon on Friday said there are plans by unnamed people to assassinate President Muhammadu Buhari. He said many people are plotting to kill the President because of his campaign against corruption. He said, “I am not […]

New Year message: I know Nigerians are in pains — Buhari

Says 2016 is year of change By Emmanuel Aziken, Political Editor & Joseph Erunke ABUJA — Taking note of the hard times in the land, President Muhammadu Buhari, yesterday, said  becoming president had not removed him from the pains of the people, promising that 2016 would be the beginning of the change in the country. […]

Akanu Ibiam Int’l Airport: S’East stakeholders allege sabotage to close airport

By Chimaobi Nwaiwu Some stakeholders in South East have raised alarm over an alleged plot by some people in Nigeria, especially the Federal Ministry of aviation staff, to sabotage flight activities at the Akanu Ibiam International Airport, Enugu, to give the impression that it was not suitable to render international services. South East stakeholders at the […]

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