Tuesday, 3 August 2010

How Nigeria Earned N34tr in Democracy as DG Owns N700mn house in Village

Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook www.facebook.com/economicconfidential

Prof. Gambari: A Global Diplomat from Nigeria
He is an African whose name is everywhere on international diplomacy: shuttling between tough terrains; mediating in crises; resolving conflicts as well as preaching the gospel of global peace. He is not only a black African but a global diplomat from Nigeria. He is one of the longest serving Africans at the top managerial positions... Read

Nigeria Earned N34 Trillion in 10years of Democracy
Nigeria is not poor. It is a very rich oil producing country earning trillions of Naira in revenue from the oil and non-oil sectors of the economy.  The Economic Confidential provides in detailed tables how over N34 trillions in revenues were generated between 1999 when President Olusegun Obasanjo was elected President of the country to 2009 before the demise of President Yar'Adua... Read

Federation Account: How They Share N607bn in July 2010
The Economic Confidential magazine provides the table of the distribution of a total sum of N607 billion shared to all tiers of govt including your state in July 2010. The highest recipients are from the oil producing states with Akwa Ibom receiving N17.4bn and Rivers N15.7bn. While some states received less than N3bn, Lagos got N12.5n and Kano N9.4bn... Read

Ex-DG Diverted N2.2bn, Built N700mn House in Village- Witness
He was a top public servant who was alleged to have misappropriated over N2.2 billion public funds and owned a house valued at over N700million in his village, apart from inflating salaries for his pocket. Who is this alleged crook... Read

The PR Crisis of NNPC indebtedness - Yushau Shuaib
Looking at the facts and dramas, one may wonder what actually put Remi Babalola, a former Executive Director in some of big banks into trouble? Is Remi Babalola growing wings and undermining his superiors in government? Is he an overzealous publicity freak who would rather seek media limelight than engage in government business without attracting attention? Or could he be playing to the gallery with hidden agenda, typical of politicians, for immediate or future ambitions?... Read

Is the NNPC Broke? Queries for NNPC and CBN - Les Leba
It came as no surprise to close observers of the economy when the Minister for State for Finance, Remi Babalola reported that the NNPC was insolvent. Although the substantive finance Minister, Olusegun Aganga and the Information Minister refuted this allegation the very next day at a Press Conference after the weekly meeting of the Federal Executive... Read

The Niger Delta and vanishing monthly allocations - Sabella Abidde
A lot has been said and written about the Niger Delta. Even so, not many people who live outside of the region have a complete picture of what the "riverine" areas are truly like - in terms of the toxicity of the land, the "foetidness" of the air, the abject poverty and the miserable social systems... Read

How They Killed Nigeria's Banks -Gbenga Okubadejo
I got fascinated each time I read Mallam Sanusi Lamido Convocation Lecture delivered at the Convocation Square, Bayero University, Kanoto mark the Annual Convocation Ceremony of the University. Mallam Sanusi, The central bank of Nigeria governor, wouldn't have given his speech a better title than the... Read

More Features and News from: www.economicconfidential.com
AMCON and Toxic Assets of Nigeria's Banks -Salim Salihu Muhammed    
PIB: Making Nigerian Oil Work for the Citizens - Awwal Musa Rafsanjani
Propagating a Cohesive and Integrated Society -Toyeen Ojo
Still on Economic Sanctions against Iran - Abubakar Jimoh
NEMA Takes Reliefs to Ogun Flood Victims
Government to Sign Agreement with Communities on REDD
Niger Delta: Orubebe Seeks Supports of Financial Institutions
Ex-DG Diverted N2.2bn, Built N700mn House in Village- Witness
Unemployed Youths to Get Jobs in Solid Mineral Sector

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Economic Confidential
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