Category Archives: Editorials

Editorial Column

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

Corruption: NJC to start prosecuting judges – CJN

By Ikechukwu Nnochiri ABUJA — The Chief Justice of Nigeria, CJN, Justice Mahmud Mohammed, yesterday, said the National Judicial Council, NJC, would start prosecuting judges found to have been involved in any form of corruption. The CJN, who made, the disclosure while swearing-in five new judges for the Federal Capital Territory High Court, yesterday, said the

Those Benefitting From Corrupt System Holding Jonathan Hostage –

Ishola-Williams Major-General Olasehinde Ishola-Williams, renowned anti-corruption crusader who was at a time the Presi­dent, Transparency International, TI Nigerian chapter, talked at length on Jonathan’s administration and its place in corruption battle. He also discussed the raging insurgency in parts of the country. In all, he was his essential self –straight-talking with conviction and candor. He

Corruption: MINISTER of Education, Mallam Ibrahim Shekarau, is alarmed at the depth of corruption among university graduates.

MINISTER of Education, Mallam Ibrahim Shekarau, is alarmed at the depth of corruption among university graduates. He wondered about the situation during an assessment visit to the University of Lagos. Does Mallam Shekarau live in Nigeria? “Education is the main engine room for the movement of our nation Nigeria. Education is meant to make us

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