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The Massive MDG Fraud: How officials steal billions meant to educate Fulani herdsmen

In this final part of our report on the mismanagement of MDG funds, we expose how official corruption denies young Nigerians education. When Musa Bala was appointed, in 2009, head of the Fulani primary school at Kamfini Bobi, Mariga Local Government area of Niger state, he was overjoyed. As head teacher, Mr. Bala would have … Continue reading

SGF commissions N648m Lagos Airport terminal

[Sunnewsonline] Secretary to the Government of the Federation, Senator Anyim Pius Anyim yesterday commissioned the new ultra-modern domestic terminal building at the General Aviation Terminal (GAT) of the Lagos Airport. The project was built within 10 months at the cost of N648 million. While commissioning it, he said the transformation programme of President Goodluck Jonathan … Continue reading

FALANA: Legislature Can Assert Self Without Being Frivolous

Femi Falana (SAN) is a rights advocate and defender of democracy. In this interview with ABIODUN FANORO, he wants the legislature to concentrate more on its area of authority, lawmaking, while urging the executive to also operate within the limits provided by law. After 13 years of democracy how much of rapport do you expect … Continue reading

NERC advises electricity consumers to be alert to PHCN irregularities

“We ask the consumers to compile and properly file any complaints about PHCN employees asking them to buy transformers, poles, cables and meters”. [NAN] ]The Nigerian Electricity Regulatory Commission (NERC) has advised electricity consumers to be alert to certain irregularities by some employees of Power Holding Company of Nigeria (PHCN). Giving the advice on Thursday … Continue reading

Jonathan on the verge of history as Nigeria forex reserves hit 32-month high of $42 bln

LAGOS Oct 19 (Reuters) – Nigeria’s foreign exchange reserves jumped to $42.02 billion by Oct. 17, their highest in 32-months and an increase of 3.11 percent, month-on-month, latest figures from the central bank showed on Friday. Africa’s top energy producer’s forex reserves were last around this level on February 17, 2010 when they hit $42.22 … Continue reading

EFCC Docks Four Over N1.05 Billion Subsidy Fraud

The Economic and Financial Crimes Commission, EFCC on October 17, 2012, arraigned the quartet of Alhaji Saminu Rabiu, Jubril Rowaye, Alminnur Resources Limited and Brila Energy Limited before Justice Adebukola Banjoko of the High Court of the Federal Capital Territory, Abuja on a 17 criminal count charge of conspiracy, forgery and obtaining One billion, Fifty … Continue reading

Tambuwal and co Must See This: Oil prices set to fall, forecasts IEA

International Energy Agency predicts sluggish economic growth will help bring price down from $107 to $89 by 2017 [Guardian UK] Oil prices could come down over the next five years due to sluggish economic growth around the world and rising oil production in Iraq and North America, the International Energy Agency predicts. The organisation, which … Continue reading

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About one tenth of Nigerian towns and villages have just been ravaged by flood and brought untold, unprecedentedly widespread hardship to millions of people, as loss of lives, livestock and property and crops renders it a national disaster. However, the flooding has an expiry date. It is very important to understand what…

Attention National Assembly: Budgets are not ”mere estimates” – Wikipaedia

A budget (from old French baguette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a … Continue reading

FG Budgets N250 billion for Turnaround Maintenance of Refineries

The Federal Government in its determination to revamp the Port Harcourt, Warri, and Kaduna refineries is prepared to spend N250 billion. The federal Government has already spent $32 million (about N 4.9 billion) for materials needed. This disclosure was made by Mrs. Diezani Alison-Madueke, the Minister of Petroleum Resources, while briefing the Senate Committee on … Continue reading

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