EDITORIAL: Serial Losses In Anti-Graft War: Time To Go Back To The Drawing Board

The anti-corruption war of the Buhari administration suffered a streak of losses in recent weeks, the latest being the judicial defreeze of Ex- first lady, Dame Patience Jonathan’s $5m, frozen by the Economic and Financial Crimes Commission (EFCC). Next was the discharge and acquittal of Justice Adeniyi Ademola who was tried for corrupt enrichment and abuse of office. The court found him innocent of the 18-count charge slammed on him in the aftermath of the celebrated Judges invasion by the Department of State Services (DSS), last year. Ex- Minister of…

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Wike Lied, I Never Ordered His Killing, 221 Policemen Protects Him – IGP

Inspector-General of Police (IGP) Ibrahim Idris has refuted the allegation that he ordered the killing of Rivers State Governor Nyesom Wike. The police yesterday described the report as “false” and “misleading”. In an interview, the Governor claimed that the Inspector-General had ordered the state’s Commissioner of Police to kill him. In a statement yesterday, Force spokesman Jimoh Moshood, a Chief Superintendent of Police (CSP), said Wike’s claim was unbecoming of a governor. He said that adequate measures had been put in place to ensure security of lives, including that of…

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Customs Challenged By Auctioneers On E-Auction

The Nigerian Association of Auctioneers (NAA) has challenged the choice of the Nigerian Customs Service to sell relinquished merchandise through electronic-auction. The body, in a statement by its spokesman, Goke Adedokun, said the decision was against the law. The statement reads: “The Nigeria Association of Auctioneers kicks against the plan of disposal of the overtime cargoes, container and cars by Nigeria Customs. “The auction which was planned to be carried out through the internet is contrary to the procurement Act of 2007. “In 1970s, registered auctioneers were used to decongest…

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BDC Directors Take Steps To Plug Exchange Rate Gaps

Directors of more than 3,000 Bureaux De Change (BDCs) will meet today, in Lagos, to concur on approaches to compel down dollar rates and thin the rising gaps between official and parallel market rates. The emergency meeting followed last week’s sudden depreciation of the naira against dollar, which the BDCs said was against their business interest and economy. The naira closed last Friday at N395/$ in the parallel market, after stabilizing at N380/$ the previous week. With official rate at N306.15/$, gap between it and parallel market rate widened to…

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Buhari Lauds Dangote’s Entrepreneurship Prowess At 60

President Muhammadu Buhari yesterday hailed the entrepreneurial prowess of businessman Aliko Dangote, who turns 60 today, even as the President of Dangote Group expressed that his confidence in Nigeria’s economic potential stayed unshaken. Felicitating with the Forbes’-rated Africa’s richest man, business mogul and philanthropist, Buhari hailed Dangote’s patriotism and kind-heartedness as well as contributions to safeguarding the health of the nation, especially in polio and Ebola interventions. In a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President joined the business world, Dangote’s friends and…

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Again Boko Haram Butchers Eight, Snatches Women In Maiduguri – Sources

Boko Haram jihadists have killed eight loggers close to the northeast Nigerian city of Maiduguri, vigilantes and occupants told AFP on Sunday. The Islamist gunmen on Saturday stopped nine loggers in a pickup truck near Kayamla village, 10 kilometres from the city, murdering eight while one managed to escape. “The gunmen stopped the van and rounded up the men. They slaughtered eight of them and burnt their bodies,” vigilante Babakura Kolo told AFP. The man who managed to escape informed residents of nearby Molai village who later recovered the bodies…

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