News Listing

Wednesday, September 30, 2015 - 00:06
ACID

Nine weeks after 81 senators passed a vote of confidence on Senate President Bukola Saraki and his deputy, Senator Ike Ekweremadu, the feat was repeated Tuesday when 83 senators passed a confidence vote on them and the entire Senate leadership.

 

The motion was moved by David Umaru (Niger East) and passed with only one dissenting vote - Babajide Omoworare (APC-Osun East), who distanced himself from the motion, wondering how his name got into the list.

 

Below is the full list.

 

1.

David Umaru

(APC – Niger East...

Friday, September 18, 2015 - 09:40
ACID

SarakiThe Senate President, Bukola Saraki, has explained his decision to stay away from the Code of Conduct Tribunal on Friday, and has criticised the court’s decision to order his arrest.

 

In charge number ABT/01/15, Mr. Saraki is accused of offences ranging from anticipatory declaration of assets to making false declaration of assets in forms he filed before the Code of Conduct Bureau while he was governor of Kwara state.

 

The Senate President is also accused of failing to declare some assets he acquired while in office as governor, acquiring assets beyond his legitimate...

Friday, September 18, 2015 - 09:28
ACID

Saraki

The Senate President’s trial for alleged false declaration of his assets when he was Governor of Kwara State has begun at the Code of Conduct Tribunal in Abuja.

 

The Deputy Director in the office of the Attorney-General of the Federation, M.S.Hassan, filed the charges against Dr. Bukola Saraki on September 11.

The Senate President is facing 13 counts at the CCT.

 

Lawyer to the Senate President, Sen. Bukola Saraki, Mr Joseph Daudu, SAN is challenging the hearing of the suit at the Code of Conduct Tribunal, saying the prosecutor, Mr Mohammed Hassan...

Wednesday, September 16, 2015 - 16:16
ACID

It is estimated that the domestic crude oil transportation contract which violated Nigeria’s procurement and economic regulations contracts, which the Nigerian National Petroleum Corporation has now admitted were unnecessarily exorbitant and inappropriately awarded, cost Nigeria N509.3 billion.

 

The deal charged two companies belonging to Idahosa Okunbor and Tunde Ayeni to transport five million barrels of crude oil, monthly, from from Escravos to Warri refinery, and Bonny Island to Port Harcourt refinery, by ship, since 2011, at the cost of N3,...

Sunday, June 7, 2015 - 18:29
ACID

Mrs. Diezani Alison-Madueke needs no introduction. She has the unique distinction of holding a ministerial post for eight unbroken years under two successive administrations. But it was her tenure as the Minister of Petroleum Resources from 2010 to 2015 for which she would be most remembered. In her position as minister and Chairman of the Nigerian National Petroleum Corporation, her tenure was riddled with controversies, allegations of corruption, mismanagement and opacity that would take years to live down. She was deemed aloof, inaccessible and an absentee minister who was hardly at her desk. She was reviled and blamed for much of the ills – real and imagined – of the oil and gas sector.

 

...
Wednesday, August 6, 2014 - 18:10
ACID

This is a short study by Prof. Bolaji Owasanoye, which examined why prosecution of high profile corruption cases are crawling, or at best gone to sleep. It identified, at least the following categories of high-profile cases and the amount alledgedly embezelled:

 

...
CATEGORY AMOUNT ALLEGED EMBEZZLED (N)
Ex-Governors (15) 146,840,800,000.00
Ex-Ministers (4) 7,050,000,000.00
Ex-Legislators (5) 8,350,000,000.00
Ex-Public Servants (Federal) (7) 6,906,600,000.00
Ex-Public Servants (State) (5) 7,275,000,000.00
Sunday, May 25, 2014 - 16:42
ACID

Gabriel Aduda... Photo Credit: Courtesy Mr. Aduda's Facebook PageA former senior official of the Economic and Financial Crimes Commission, EFCC, who allegedly failed the compulsory confirmation/promotion examination for federal civil servants, is now a top director in Nigeria’s Federal Ministry of Finance.

 

Gabriel Aduda worked as Head, Strategy and Reorientation Unit, of the anti-corruption agency in 2012 on Grade Level 15 when he took the compulsory examination, which all civil servants must pass before their appointments are confirmed.

 

PREMIUM TIMES...

Friday, May 23, 2014 - 09:53
ACID

President Goodluck Jonathan will Friday sign the 2014 Budget into law, presidency sources have told PREMIUM TIMES.

 

The Appropriation Act was passed by the National Assembly several weeks ago with the President declining to assent to it.
The Information Minister, Labaran Maku, had last week told journalists that the president declined to sign the act because it was distorted by the National Assembly.

 

“There are few areas of distortions and there are those areas that are very serious; and we think there is a need to look into them because of the negative impact those distortions may have on the...

Thursday, March 20, 2014 - 11:15
ACID

President Goodluck Jonathan said in Windhoek, Namibia, on Thursday that corruption in Nigeria had been blown out of proportion and the trend was taking its tow on the image of the country.

 

The president stated this at a meeting with the Nigerian community in Namibia held at the Country Club, Windhoek.

 

He said “corruption is everywhere” but it is over-celebrated in Nigeria to the extent that the nation and its people are stigmatised.

The president stressed that while his administration would not condone the menace, using big stick would not be a solution to end corruption.

 

He said in fighting corruption, government had continued to strengthen the relevant institutions in nipping the menace in the bud.

In...

Sunday, March 16, 2014 - 18:33
ACID

The Minister of Finance and Coordinating Minister for the Economy Dr. Ngozi Okonjo-Iweala has said Nigeria must punish offenders and build institutions if the country wants to win the war against corruption.

 

In an interview, on CNN’s Fareed Zakaria GPS programme, the former World Bank President said, “ No one can fight corruption for Nigerians except Nigerians.  Everyone has to be committed from the top to the bottom to fight it”

 

She said: “And I think there are two key things that need to be done all along, and it’s not just in Nigeria.  It’s in many developing countries that you need to do this.

 

“But in our country, you need to, coupled with – by all means pursue those who are corrupt, punish them...

Friday, March 7, 2014 - 16:50
ACID

Nigerian federal lawmakers will retain a controversial yearly budget of N150 billion for at least two more years according to the government’s spending outlay, in yet another indication the government is less bothered about curtailing a lavish habit that has angered many Nigerians, who have called for cuts.

 

The vote, which has sparked outcry since its first approval in 2011, will remain in place as the cost of running the Nigerian National Assembly, for 2015 and 2016, according to the government’s Medium Term Expenditure Framework, despite a declining economic...

Tuesday, February 25, 2014 - 12:35
ACID

The 2014 budget  may run into problems due to lack of synergy between the Budget Office and some revenue generating Ministries, Departments and Agencies, MDAs, as House Committee on Finance raised alarm that the budget was already in deficit.

 

The crux of the  matter emerged, yesterday, at the continuation of meetings between the House of Representatives Committee on Finance and some independent revenue generating agencies.

 

Two major agencies, including the Federal Airports Authority of Nigeria, FAAN, and Nigeria Maritime Administration and Safety Agency, NIMASA, presented fiscal projections at variance with that of Budget Office.

 

This is just as the suspension of Sanusi Lamido Sanusi as the Central Bank of Nigeria...

Monday, February 17, 2014 - 19:52
ACID

An ankle injury sustained by the lawyer representing the Economic and Financial Crimes Commission, EFCC, on Monday forced a Lagos High Court sitting in Ikeja to adjourn the trial of embattled billionaire lawyer, Wale Babalakin, till March 14.

 

A Senior Advocate of Nigeria, Rotimi Jacobs, told the court he sprained his ankle in an accident last week.

 

“I am unable to undertake the business of the day due to the unfortunate incident. I humbly request for an adjournment,” said Mr. Rotimi, who limped into the court room.

 

In granting...

Thursday, February 6, 2014 - 21:49
ACID

ABUJA, Nigeria — The Nigerian highway is full of surprises, many of them unpleasant. At numerous police and army “checkpoints,” money is expected to change hands. The driver smiles, the men in uniform smile, hands reach out, and the car goes on its way, with the passenger from abroad only wondering at how routine it seems.

 

This is not a flaw in the system. It is the system. Political scientists and ordinary citizens confirm it: Corruption, top to bottom, pervades life here, magnifying a continent-wide problem. And by some measures it is getting worse.

 

The omnipresence of developing-world corruption, particularly in Africa, is often hard for the occasional visitor to grasp. ...

Thursday, February 6, 2014 - 11:47
ACID

After a prolonged recess, the case against a former Ogun State Governor, Gbenga Daniel, on alleged misappropriation of funds will continue on April 3 and 4, 2014 at an Abeokuta High Court.

 

Mr. Daniel’s counsel had challenged the trial at an Appeal Court in Ibadan causing the High Court to temporarily stay the case until final ruling by the upper court.

 

The Appeal Court, however, ruled that the accused had a case to answer in the suit filed by the Economic and Financial Crimes Commission, EFCC.

 

The former governor is facing a 38 -count charge...

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