Category Archives: Editorials

Editorial Column

Aliko Dangote: The Nigerian Oil Industry Is Tainted With Corruption

The continent’s wealthiest businessman talks about job creation, success and the opportunities Africa provides.

Grand theft Nigeria: why corruption looms over this month’s elections

Two huge issues loom large over Nigeria’s hard-fought presidential election this month: Boko Haram and corruption. Of the two, the breathtaking scale of official corruption is blighting the lives of more Nigerians than even the deadly insurgency. A former Nigerian government minister has claimed that his civil servants offered him a 20 per cent slice off his

$20bn Excess Crude Account: Many‘ll go to jail after May 29…. Sen. Adeyeye

By Johnbosco Agbakwuru  ABUJA – AS the Minister of Finance Dr. Ngozi Okonjo-Iweala and the Nigeria Governors Forum, NGF, engage in war of words over the alleged unaccounted $20 billion accrued to the Excess Crude Account, ECA, while the NGF was in crisis, Senator Olusola Adeyeye has said that many Nigerians will go to jail

How Economy Works Series: How $40billion or N30trillion or both got missing; or not.

How Economy Works Series: How $40billion or N30trillion or both got missing; or not. How Economy Works Series by Ike Okwuobi     Lots of folks wonder about the technical & economic argument in the two pieces written by ex-CBN Gov and professor of economics, Mr. Soludo, as to whether N30-trillion ($150-billion) is missing or

Grand theft Nigeria: why corruption looms over this month’s elections

Two huge issues loom large over Nigeria’s hard-fought presidential election this month: Boko Haram and corruption. Of the two, the breathtaking scale of official corruption is blighting the lives of more Nigerians than even the deadly insurgency. A former Nigerian government minister has claimed that his civil servants offered him a 20 per cent slice off his

How Corrupt is Nigeria?

By Kolawole Olaniyan How corrupt is the government of President Goodluck Jonathan? The answer may vary depending on who is interpreting the latest global corruption index from Transparency International. According to Transparency International’s Corruption Perceptions Index (CPI) for 2014, Nigeria is up eight places to 136 out of 175 countries ranked by the index. The

Nigerian Politicians Are Too Corrupt And Insane – Richard Branson

“Nigerian Politicians Are Too Corrupt And Insane – Richard Branson International businessman with billions of dollars to his name, Richard Branson, has lambasted the crop of leaders we have in Nigeria for their high level greed which, according to him, is killing big brands wishing to do business with the government of the country, for

London property boom built on dirty money

  Billions stolen through corruption flood into capital’s broken housing market Billions of pounds of corruptly gained money has been laundered by criminals and foreign officials buying upmarket London properties through anonymous offshore front companies – making the city arguably the world capital of money laundering. Some 36,342 properties in London have been bought through

Missing N30trn: We are not APC’s tool, SERAP replies Okonjo-Iweala

Missing N30trn: We are not APC’s tool, SERAP replies Okonjo-Iweala Socio-Economic Rights and Accountability Project, (SERAP) has urged Minister of Finance, Dr. Ngozi Okonjo-Iweala to “embrace constructive engagement on issues of human rights, transparency and accountability,” and “to avoid sound bite and opportunistic attacks on civil society organizations simply working to make the government fit for

Is President Jonathan right to say most corruption is just ‘common stealing’?

President Goodluck Jonathan recently downplayed Nigeria’s corruption problems, saying that most of what is referred to as corruption is no more than ‘common stealing’. His claim is wrong. Researched by Taiwo Obe A US-Africa summit last week opened with warnings about the toll corruption takes on development, sparking discussion about the extent of the problem

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