Category Archives: Editorials

Editorial Column

Okonjo-Iweala: I paid Dasuki $322m from Abacha fund

  By Hamisu Muhammad  Okonjo-Iweala Former Minister of Finance Ngozi Okonjo Iweala yesterday said she had paid former National Security Adviser to the President, Col Sambo Dasuki (rtd) $322m (about N63billion) from recovered Abacha funds to finance military operations. She was reacting to online media reports that accused her of illegally diverting the Abacha funds

Nigeria recovers 183 buildings, 5 vessels, assets worth N2 trn (about $10.2 billion) from looters

The Federal Government said on Saturday that it recovered 182 completed buildings, an uncompleted one, five maritime vessels, assets worth N2.034 trillion (about $10.2 billion) from treasury looters. This is contained in government interim report on financial and asset recoveries from May 29, 2015 to May 25, which was made available to newsmen by the

Panama Papers: $2.6m penthouses traced to ex-minister

Panama Papers: $2.6m penthouses traced to ex-minister May 2, 2016 Share on Facebook Tweet on Twitter   Former Minister for National Planning, Rasheed Gbadamosi Eniola Akinkuotu A former Minister for National Planning, Rasheed Gbadamosi, bought two luxury penthouses worth $2.6m in Panama in 2008 while serving as the Chairman of the Petroleum Products Pricing Regulatory

EFCC traces Diezani’s $115m bribe to stolen oil

Diezani-Alison-Madueke Ex-minister, others to face trial INEC chiefs’ accounts frozen WHO GOT WHAT? •Mrs Gesila Khan (for collecting  N185, 842,000 out of a N681m bribe) •Fidelia Omoile (Electoral Officer in Isoko-South Local Government Area of Delta State) —N112,480,000 •Uluochi Obi Brown (INEC’s Administrative Secretary in Delta State) —N111,500,000 •Former Deputy Director  of INEC in Cross

Panama-hidden assets of Ibori, John Kuffour, Messi, Putin allies revealed

james Ibori: stashed assets revealed in leaked Panama papers A massive leak of 11.5 million tax documents has exposed the secret offshore dealings of aides to Russian president Vladimir Putin, world leaders and celebrities including Barcelona forward Lionel Messi. Also revealed were accounts linked to former  Nigerian governor, James Ibori and the son of former

IGP vows to end bribery among Police rank and file

The Inspector General of Police (IGP) Solomon Arase has sworn to remove all elements capable of leading policemen into bribery and corruption which has been bringing the force to disrepute in recent times. Speaking in Umuahia while addressing officers and men of the Abia state police command at the police headquarters, Arase said that the

FG’s N3.1 trillion revenue loss traced to an individual

Apparently believing that he had heard and seen the worst of how corrupt practices have brought Nigeria to her knees, President Muhammadu Buhari, last week, almost lost his cool when it was brought to his attention that a whopping $16 billion – at the official exchange rate of N196, this comes to N3.136 trillion; while,

How Fani-Kayode, Falae, Udenwa, others shared N3.15b before 2015 polls – EFCC

A source at the anti-graft agency, who pleaded not to be named because he is not authorized to speak, told Vanguard that the money was paid by the Central Bank Nigeria into the account of the Ministry of External Affairs Library, from where it was moved into the account of Joint Trust Dimension Nigeria Limited

Home News Headline Stories Top News More News Foreign Investigations Business News Reports Analysis And Data Interviews And Profiles Opinion Arts/Life Arts/Books Kannywood Lifestyle Music Nollywood Travel Sports Oil/Gas Reports FAAC Reports Revenue AGAHRIN Parliament Watch Letters Abacha loot: Switzerland returns $723 million to Nigeria in 10 years

The Swiss government has confirmed that it has so far returned $723 million (about N142.43 billion) of stolen funds seized from the family of the late former head of state, Sani Abacha, to the Nigerian government over the last 10 years. The amount excludes $321million (about N63.24 billion) which the Swiss authorities recently said recently

$2.1bN cash: Return home or be humiliated, EFCC warns fleeing corrupt ex-officials

Mulls arrest warrants for ex-gov, minister, customs boss, AGF, others in hiding abroad By Soni Daniel, Northern Region Editor abuja—The Economic and Financial Crimes Commission, EFCC, went tough last night, with a final warning to top officials implicated in the stealing of huge sums of public funds to come out of their hiding and face

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