Rejoinders/Editorials
The House and CBN Governor brouhaha over bail out money
Last Wednesday the Central Bank of Nigera(CBN), Governor, Lamido Sanusi was tackled by members of the House of Representatives’ committee on Banking and Currency over the N420 billion bail out fund for five banks without recourse to the National Assembly.
HIGH TIME THE NNPC GAVE ACCOUNT
Last year a report by the Hart Group, a United Kingdom-based audit firm for the Nigerian Extractive Industry Transparency Initiative (NEITI), disclosed that about 65million barrels of crude oil could not be accounted for by the Nigeria National Petroleum Corporation (NNPC), between 1999 and 2004. Unknown to NEITI, the case was just a tip of the large scale fraud in the corporation. ...
Ojo Maduekwe's goofy explanation about the Saudi trip
Last Sunday night news hit the airwaves that the so called delegation mandated by the Federal Executive Council to see sick President Umaru Yar’Adua, was stranded at the Abuja international airport . These characters were expected to leave Abuja that night for Jeddah Saudi Arabia, but got stuck because they had no clearance from the Saudi aviation authorities. So with pocketful of foreign currency as estacode, luggage, and personal staff, the six jokers returned to their palatial homes at the Ministers Hill. ...
Bode George's Conviction: Victory for EFCC?
PDP chieftain, Bode George, and five of his accomplices, accused of perpetrating an N85billion fraud at Nigeria Ports Authority(NPA), were on Monday sentenced to 28 years imprisonment without an option of fine. George and his gang were convicted by Justice Olubunmi Oyewole of the Ikeja High Court....
Rogue Iwu and The 2011 INEC Budget
The almighty Independent National Electoral Commission (INEC), led by its scandal ridden top gun, Maurice Iwu, is warming up for another naira rain courtesy the 2011 elections. This commission that is the same class as NNPC, NMA, PTF, NASS etc in the area of graft, has awarded 21 contracts between August 6 and 27 of 2009. Three of them worth N988.28 million were awarded on August 6 and 18, while the rest worth N1.185 billion were awarded on August 27. ...
