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$9.6BN JUDGMENT: WE’LL SOON EXPOSE, PROSECUTE EVERYBODY INVOLVED IN FAILED CONTRACT – SAYS MAGU

The Acting Chairman of the Economic Financial Crimes Commission (EFCC), Mr Ibrahim Magu, says the commission will expose and prosecute all those behind a contract whose alleged breach led to the $9.6billion British court judgment against Nigeria.   The court judgment is a fallout of the contract purportedly entered into in July 2010 between the… Continue reading $9.6BN JUDGMENT: WE’LL SOON EXPOSE, PROSECUTE EVERYBODY INVOLVED IN FAILED CONTRACT – SAYS MAGU

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WHY NIGERIA’S PUBLIC PROJECTS DRAG ON AND ON

There were indications late last week that President Muhammadu Buhari would rectify one of the biggest errors of his first term by breaking up the behemoth Ministry of Power, Works and Housing. That gamble unwisely gave one man too much responsibility and power.   Hopefully, that beneficiary, former Lagos State governor Babatunde Fashola, will be… Continue reading WHY NIGERIA’S PUBLIC PROJECTS DRAG ON AND ON

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ABACHA LOOT: THE RESCUE NIGERIA NEEDS

Once again, the Nigerian state is grappling with another shocking revelation of the seizure of £211m loot in Jersey Island, United Kingdom by the late military dictator, Gen Sani Abacha. The exposure cuts deep into the chequered history of the primitive looting of Africa’s biggest economy beyond comprehension.   For those who care to know,… Continue reading ABACHA LOOT: THE RESCUE NIGERIA NEEDS