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Nigeria’s “Vampire Elites, Ruling Class” In Catalogue Of Lootings Subject Nigerians To Excruciating Economic Pains, By Femi Falana, SAN

8 months ago11029 min

  Globally subsidies, whether for food, transportation, energy or housing, are part of good governance. So, the issue is not subsidies but who benefit from them.   In Nigeria, subsidies are primarily of the rich, by the rich and for the rich.   I will highlight a few, how they are being manipulated and how huge sums of money can be recovered not just to subsidize fuel but also provide funds for development.    ...

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Tinubu Government Labels Nigeria’s Olympic Performance in Paris A ‘Disaster’ For Winning Zero Medal

8 months ago1374 min

Nigeria’s high-rated athlete and world record holder, Tobi Amusan on Friday failed to qualify for the final of the 100m hurdles event in the ongoing 2024 Olympic Games in Paris, France. President Bola Tinubu’s administration has expressed disappointment and concern over Team Nigeria’s failure to secure a single medal at the 2024 Paris Olympics, prompting calls for reforms to improve sports administration in the country.   In a statement released on his official X page...

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BREAKING: Nigeria’s Central Bank Approves Unity Bank, Providus Bank Merger
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BREAKING: Nigeria’s Central Bank Approves Unity Bank, Providus Bank Merger

8 months ago1213 min

A statement by the CBN Acting Director, Corportae Communications, Mrs Sidi Ali Hakama on Tuesday, said, “This strategic move is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The Central Bank of Nigeria (CBN) has granted approval for a financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. A statement by the CBN Acting Director, Corportae Communications, Mrs Sidi Ali Hakama on Tuesday,...

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by Probitas
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Nigeria’s Secret Police, DSS Arrests #EndBadGovernance Protest Leader Michael Lenin In Abuja

8 months ago944 min

Lenin was reportedly arrested by the DSS at around 2 a.m. on Monday in his home in the Apo area of the FCT. The operatives of the Department of State Services (DSS) have arrested Michael Lenin, one of the key leaders of #EndBadGovernance protests in the Federal Capital Territory.   Lenin was reportedly arrested by the DSS at around 2 a.m. on Monday in his home in the Apo area of the FCT.   Damilare...

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Nigeria’s National Service Scheme, NYSC Warns Corps Members Against Participating In #EndBadGovernance Protest

8 months ago1463 min

The National Youth Service Corps (NYSC) has warned serving corps member against participating in the planned nationwide protest slated to commence on August 1, 2024.   The NYSC management reportedly issued the warning to corps members, circulated on various social media platforms, reminding them that they are prohibited from participating in any political activities.   According to the statement, this restriction is based on the laws governing the NYSC scheme, which explicitly bar corps members...

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Data Shows Nigeria’s Fuel Imports From Malta Jumped 43 Times In 10 Years Amid NNPC Economic Sabotage Allegations By Dangote

8 months ago1494 min

Following Aliko Dangote’s allegations of illegal activities in the petroleum sector, involving blending plants in Malta, data shows that Nigeria’s oil imports from Malta have skyrocketed in recent times.   According to Trade Map, a global trade statistics database, the value of Nigeria’s petroleum imports from Malta increased by 43 times over the past decade, rising from $47.5 million in 2013 to $2.08 billion in 2023.   This represents a staggering 342% increase, with Nigeria...

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EXCLUSIVE: Sexual Abuse Scandal Rocks Nigeria’s NCC As USPF Director Is Accused Of Molesting Ex-Presidential Aide’s Daughter

9 months ago10510 min

A disturbing report has emerged, alleging that a Director at the Universal Service Provision Fund under Nigerian Communications Commission (NCC), identified as Yomi, has sexually abused the daughter of a former presidential aide.  Though the identity of the victim’s father, who served as a presidential aide to President Muhammadu Buhari, has been withheld to safeguard the victim’s identity, the incident sheds light on the ongoing issue of sexual misconduct and abuse of power in Nigeria. ...

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by Probitas
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Nigeria’s Secret Police, DSS, Reportedly Raids Suspected Terrorist’s Home In Niger State, Seizes Firearms, Dollar Bills

9 months ago1323 min

The suspect targeted in the operation was described as a storekeeper for a terrorist group. Operatives of the Department of State Services (DSS) have recovered firearms and dollars during an operation at the residence of a suspected terrorist in the Gbeganu area, a suburb of Minna, Niger State capital.  The daytime operation which was reportedly conducted on Wednesday caused fear among the residents of the area. Daily Trust reports that sources familiar with the operation...

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Nigeria’s Oil Company NNPC Spent N7.3Billion On Entertainment In 16 Months

9 months ago1104 min

A review of financial statements of the Nigerian National Petroleum Company Limited has shown that its subsidiaries posted short term debts to the tune of N83 billion in 2022. According to the financial statements of the NNPCL for December 2022, Nikorma transport Trade and other payables (debts) stood at N4.5 billion, West Africa LPG Limited trade payable figure stood at N79.2 billion, while that of Hyson Nigeria limited was N15 million.  The West Africa LPG...

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