Category Archives: Editorials

Editorial Column

Buhari orders investigation of Magu, SGF Lawal

President Muhammadu Buhari has ordered the investigation of top officials of his administration who have been accused of corruption. A short statement by Mr. Buhari’s spokesperson, Garba Shehu, indicated the president’s directive. “The attention of the presidency has been drawn to a number of reports in the media, in which various accusations of corruption have

FG recovers N288bn looted funds from Jonathan’s regime

By Levinus Nwabughiogu ABUJA-A total of N288.6 billion of looted funds in the previous regime of ex-President Goodluck Jonathan has so far been recovered by the Muhammadu Buhari’s administration, the Director-General of Budget Office, Ben Akabueze has said. This was even as the Minister of Budget and National Planning, Udo Udoma has allayed fears over

Court orders freezing of Ex-First Lady, Patience Jonathan’s multiple accounts

A Federal High Court sitting in Lagos has ordered the freezing of Ex-First Lady, Patience Jonathan’s multiple accounts over suspected proceeds from crime. One of the account, domiciled with Skye Bank plc, has a balance of $5,316.66. The presiding judge, Justice Mojisola Olatoregun, while granting the order freezing the accounts ordered the anti-graft agency, the

Delta may lose out on $250m Ibori loot

Eniola Akinkuotu, Abuja The Delta State Government may not get anything from the about $250m worth of assets and money which the United Kingdom claims a former governor, Chief James Ibori, stole from the state, The PUNCH has learnt. Ibori is currently facing a confiscation hearing which may lead to the permanent forfeiture of all

Diezani forfeits $153m to FG

  Diezani forfeits $153m to FG “In a nine-paragraph affidavit by EFCC investigator, Moses Awolusi, and filed in support of the ex-parte application, the anti-graft agency said it discovered how, in December 2014, Diezani invited Nnamdi Okonkwo, a former managing director of Fidelity Bank Plc, to her office and they “hatched the plan of how

‘Awujale: The Autobiography of Alaiyeluwa Oba S.K Adetona, Ogbagba II’ , Mosuro Publishers, 2010, pp. 187-195

General Ibrahim Babangida, Abubakar Atiku,  Mike Adenuga and money from the Petroleum Technology Development Fund (PTDF) which were invested in Mike’s bank, Equatorial Trust Bank (ETB), and that the funding of Globacom business. FOR THE RECORDS – Oba Awujale’s Autobiography “The EFCC in Lagos had come calling brusquely on Mike Adenuga (Jnr), Chairman Globacom on

Build, Operate and Transfer Nigeria

By SIMON KOLAWOLE, Email: simon.kolawole@thisdaylive.com Dearly beloved Nigerians, I have a number of proposals today that may interest you. Or upset you. One, I respectfully propose that we concession the Niger Delta to the Netherlands for 17 years. Do not change the revenue allocation formula. Do not increase the derivation formula; retain it at 13%.

On corruption

I met a South Korean in Hong Kong many years ago in a conference. He said his consulting practice is set up based on Christian Standard and i asked why not professional ethics and norms. He said because of high level corruption in South Korea. I read few days ago on BBC news the allegation

NIGERIA, CORRUPTION, THE PROBLEM REMAINS BUHARI!

GMB began his anti-corruption drive way back in 1983. Babangida and his retinue of military and civilian corruption Capones ensured he was sabotaged. That Buhari survived his enemies intended annihilation remains a miracle. A miracle IBB et al, wished they had ensured never happened. Didn’t Yar’ adua, Abacha, Abiola, etc, all die in less than

Peter Obi’s speech: Much ado about what?

Thursday with Abimbola Adelakun, aadelakun@punchng.com A former Governor of Anambra State, Peter Obi, got social media aroused after he gave a speech at The Platform 2016, a programme organised by Covenant Christian Centre on Nigeria’s 56th Independence Anniversary. Obi demonstrated that corruption is intractable because it subsists on the machinery of daily governance. He also

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