LAGOS—As fresh facts begin to emerge about the Ikorodu banks robbery operation where N80 million was reportedly carted away a fortnight ago, one of the suspects has revealed that they planned the operation at a meeting that lasted 30 minutes.

AhmedMusa has been lined up to be the next captain of Nigeria when Vincent Enyeama is stripped of the captaincy.

“The Nigerian government and the NNPC are also advised to follow suit. Recommendations include; passage of the Petroleum Industry Bill, restructure public finances, subsidy removal on petroleum products, focus on profitable subsidiaries, review CAPEX spending, explore Asian markets, domestic refinery optimisation and deliver export and domestic gas projects.”

Barring other arrangements and deductions, Nigeria earned $74.512 billion, about N14.902 trillion, from crude oil export in 2014, according to data released by the Nigerian National Petroleum Corporation, NNPC. The NNPC, in its 2014 Annual Statistical Bulletin, revealed that the amount was earned by NNPC and other oil and gas companies in the country, which exported about 773.833 million barrels of crude to different regions of the world.

“The Central Bank of Nigeria, CBN, becomes the last fully-functioning public institution. It is forced into a severe devaluation of 70-80 per cent as the majority of planned Foreign Direct Investment, FDI, projects are cancelled and capital outflows accelerate as some foreign multinationals start to wind down local operations.” Many of these predictions are now a reality and weighing down heavily on Nigeria’s economy, even as it is reputed as the fasted growing in Africa.