Author: Obayomi Abiola Benjamin

The Academic Staff Union of Universities (ASUU) has embarked on an indefinite strike. In a memo to lecturers dated August 12, Biodun Ogunyemi, president of the ASUU national strike coordinating committee, said they resolved to go on the strike because the federal government failed to implement its 2009 agreement and 2013 memorandum of understanding (MoU). Ogunyemi highlighted some of the issues as non-payment of salaries, non-payment of earned academic allowance (EAA), removal of universities staff schools from funding by government and non-implementation of provisions of the 2014 pension reform act with respect to retired professors and their salaries, amongst others.…

By Dele Momodu Fellow Nigerians, unbeknown to many of our people, the battle for who becomes our next President has already started in earnest. Never mind the fact that the incumbent President is still firmly in power even if he’s spent more time outside than inside in recent times. Despite his absence, President Muhammadu Buhari continues to exert almost total control on the affairs of state through regular phone chats with the Acting President, Professor Yemi Osinbajo, who is deeply loyal and committed to their joint cause, and emissaries who criss-cross the two continents to transmit messages to him and…

Written by Eromo Egbejule for Forbes Africa The small Nigerian town of Nnewi has more naira billionaires per capita than anywhere else in the country. Shortly before Nigeria’s independence in 1960, Louis Odumegwu Ojukwu, reportedly Nigeria’s first black billionaire, and founding president of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II. The royal honor came after he helped the British during World War II with his fleet of trucks. He was so wealthy that during the Queen’s visit in 1956, she was chauffeured around in his Rolls-Royce – apparently the only one in the country at the time –…

The statistician general of the federation, Yemi Kale, says there’s a likelihood that the economic recession in Nigeria ended in the second quarter of 2017. In an interview with Bloomberg, Kale he would confirm after the numbers have been collated. “Intuitively, we might be getting out of recession in the second quarter, but I can’t say until all the numbers are in.  “If it doesn’t happen in the second quarter, it will be a much more reduced negative, and it will definitely happen in the third quarter unless we have a new round of shocks in the later weeks.”  At…

By Olusola Adegbite, Esq. Ninety days running, the Nigerian President, his cabal’s monitored self exile in medical peregrination, and the agony of a state of hopelessness tabled before the Nigerian People, has become the butt of jokes across the globe. Not only did Fareed Zakaria take time out of his CNN’s schedule to participate in the comedy, the sarcasm of the President of Nigeria being caricatured as an Effigy in the British museum, has since become perhaps the most humiliating symbolism to be made of any country’s President. Yet, our country has carried on in her business as usual mode…

By Moji Eniola Nigeria has lost N11 trillion to corruption in the power sector since 1999, a university lecturer, Dr Yemi Oke, said on Wednesday in Lagos. Oke, a lecturer at the Department of Jurisprudence and International Law, University of Lagos, said at a media launch of a report on the power sector. He regretted that with the trillions allegedly invested in the sector, the country has yet to enjoy uninterrupted power supply. The report is entitled: “From Darkness to Darkness: How Nigerians Are Paying the Price for the Electricity Sector”. It was produced by the Socio-Economic Rights and Accountability…

By Sahara Reporters The Acting President, Professor Yemi Osinbajo, has constituted an ad hoc committee to reposition the Nigerian Financial Intelligence Unit (NFIU). The decision was contained in a memo issued from his office and exclusively obtained by SaharaReporters. The NFIU is an appendage of the Economic and Financial Crimes Commission (EFCC). Dated 31 July and signed by Mr. Ade Ipaye, Deputy Chief of Staff to the President (Office of the Vice President), the memo (SH/OVP/DCOS/NFIU/) was addressed to Mr. Chukwuka Utazi, Chairman, Senate Committee on Anti-Corruption and Financial Crimes. The memo listed Mr. Utazi as the Chairman of the…

Read Also: FCT Minister Seeks Partneship To Address Housing Deficit The Federal Capital Territory Minister in the person of Malam Muhammad Bello has commissioned 300 affordable housing units and also laid the foundation for the development of another 300 in Kaba District of Abuja. The Minister said the FCT Administration embarked on the project to give teeth to President Muhammadu Buhari’s efforts in tackling housing deficits in the country and ensuring good shelter for all. He added, saying, “We started with reforming the institutional framework for housing development in the Territory with a view to making it possible for private…

By Gloria Essien, Abuja The World Breastfeeding Week has ended in Nigeria with a call for the government to extend maternity leave to six months.The call is said to be necessary as it would help nursing mothers complete the mandatory six months exclusive breastfeeding requirement. The Nutrition Consultant, Mrs. Ada Ezeogu, said that for the Nigerian government to actualize its breastfeeding targets, it must either provide creches in work places or extend maternity leave.“The other thing is returning to work early so when they got back to work and there is no crèche, there is no room where they can have their…

By Oladimeji Ramon The Federal High Court in Lagos has ordered that a $37.5m mansion on Banana Island, Lagos linked to a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, be permanently forfeited to the Federal Government. The court also ordered that the sums of sums of $2,740,197.96 and N84,537,840.70 realised as rents on the property should equally be forfeited to the Federal Government. The orders were made on Monday by Justice Chuka Obiozor, following a motion on notice argued before him by the Economic and Financial Crimes Commission.  The anti-graft agency had on July 19, 2017, obtained a court…