May & Baker warns investors against fraudulent investment scheme
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SubscribeDistraught Sanusi and subsidies
The Emir of Kano and immediate past governor of the Central Bank of Nigeria, CBN, Muhammadu Sanusi II, last week took a swipe at the government that he believed was subsidizing foreign exchange and creating billionaires in the country. He said businessmen obtain dollars at official rates of N197 and resell at a higher rate of N300 at the parallel market.
Dark forces, gathering vultures and Magu
You would think that an EFCC that has just come out of slumber would be helped to stay awake and alert. That its new found vigour would gladden even hearts worried about neutrality and due process lapses. Because some lofty aspirations are only desirable as superstructures on a foundation of firm deterrence. Only an agency inflicting some determined damage on impunity has the chance of being polished beyond vindictiveness and de-wormed of political bias. The EFCC has sloughed off lukewarmness.
Unconstitutional appointments
The inclusion of a provision in the Nigerian Constitution with regard to a fair and even distribution of senior official positions all over the Federal Republic was, without a doubt, intended to be taken seriously. Although it does not appear to have been made justifiable, a commission was actually established to pursue that purpose. The intention was to hold in check by legal means, if necessary, any tendency on the part of any one, or group of persons in power, to influence or effect the appointment of a host of people from any particular area—usually theirs—to strategic or important positions in the country.
Farewell to an exemplary executive
NLNG has also, under Omotowa, built and equipped engineering laboratories, costing $2 million apiece, in six universities – Ahmadu Bello, Ibadan, Uniport, Maiduguri, Ilorin and Nsukka). In other words, one in each geopolitical zone.
Why big Nigeria plays for little abroad
NIGERIA with 180 million vibrant people, is the largest Black country in the world. Its economy which in 2014 had a $93.01 billion export and $53 billion import is the second largest in Africa. Its cultural reach, especially through its Nollywood film industry, is unmatchable in Africa.
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