The situation becomes even more curious when you recognize that the same CBN who is borrowing from the banks at more than 6% is also the same one guaranteeing interbank placements without the control meter of each bank’s reserve and gilt edge holdings! This also raises questions as to the $7bn shared between 14 banks by CBN under hitherto undisclosed terms.

When the crisis in the state took a turn whereby the political interests of Governor Daniel and Alausa were no longer in uniform alignment, Alausa deserted and joined Daniel’s enemies. In anger and retaliation, Daniel decided to expose Alausa and caused his newspaper to spin the yarn that it did with such relish that Monday.

“Is that Treena? This is Nkem. No, no, don’t say a word. I apologize profusely for the bad way I behaved in Lome today at your hotel. I don’t know what came over me. I normally don’t lose my cool that way and become physical.” Not true!

First, the solution to the crisis in Nigerian public education is not in
the creating of more second rate degree mills that have neither reason nor rhyme. It is in the proper funding, planning, and elevation of existing public universities. Second, it must be emphasized that not everybody currently in the university is made for university education.

The ombudsman is a monitor of the observance of rules set in a polity for the operation of its affairs. The modern use of the term began in Sweden, according to Wikipedia Free Encyclopedia, with the Swedish Parliamentary Ombudsman instituted in 1809, to safeguard the rights of citizens by establishing a supervisory agency independent of the executive branch.