Tinubu appoints Jim Obazee, ex-FRC boss, as special investigator to probe CBN
President Bola Tinubu has appointed Jim Obazee, former chief executive officer of the Financial Reporting Council of Nigeria, as a special investigator. The special investigator to investigate the Central Bank of Nigeria (CBN) and related entities. In a letter seen by TheCable, dated July 28, 2023, the president said the appointment takes […]
Protesters attack French embassy in Niger
The French embassy in Niger Republic has been attacked by protesters. TheCable had reported how Amadou Abdramane, a colonel-major, announced the removal of President Mohamed Bazoum from office in a late-night address on Wednesday. Abdramane dissolved the country’s constitution, suspended all institutions and closed the borders. In what appeared like a […]
Fintiri declares 24-hour curfew in Adamawa over activities of hoodlums
Ahmadu Fintiri, governor of Adamawa, has declared a 24-hour curfew in the state. According to a statement by Humwashi Wonosikou, the governor’s chief press secretary, the curfew was necessary due to the activities of hoodlums in Adamawa. Wonosikou said there will be no movement throughout the state during the curfew and anyone […]
Court orders Delta to account for over N200bn UBE funds spent under Okowa
The federal high court sitting in Lagos has ordered the Delta state government to disclose details of how over N200bn in education funds was spent under the administration of Ifeanyi Okowa. The funds were collected by Okowa’s government from the Universal Basic Education Commission (UBEC) between 2015 and 2019. On July 17, […]
‘CBN lacks experience to manage naira float’ — EIU predicts reversal of FX unification policy
The Economist Intelligence Unit (EIU), an arm of The Economist of London, has predicted that the Nigerian government will go back to a system where they have more control over the exchange rate. According to Business Day, EIU made the prediction in its latest report about the Nigerian currency, the naira. Last […]
‘Outrageous falsehood’ — PenCom lampoons claims it spent millions of dollars on estacodes
The National Pension Commission (PenCom) has described as “outrageous falsehood” claims that Aisha Dahir-Umar, its director general (DG), was paid “millions of dollars” for estacode during COVID-19 lockdown in 2020. Reports circulating online further alleged that there were documents showing how the monies were paid into her account. But in a statement […]
Coup: EU suspends budget support for Niger, demands immediate release of Bazoum
The European Union (EU) says it has suspended its budget support in Niger Republic over the military coup. TheCable reported how Amadou Abdramane, a colonel-major, announced the removal of President Mohamed Bazoum from office in a late-night address on Wednesday. Abdramane dissolved the country’s constitution, suspended all institutions and closed the borders. In […]
Newspaper Headlines: Court won’t overturn Tinubu’s victory, says Economist Intelligence Unit
The newspapers highlighted the senate deliberations on the extradition of Simon Ekpa, factional leader of the Indigenous Peoples of Biafra (IPOB), back to Nigeria from Finland to face the law. The meeting of Atiku Abubakar, former vice president, with stakeholders of the Peoples Democratic Party (PDP) also gained maximum attention. […]
All the drama around Emefiele
When you think you have seen it all in our dearly beloved country, you realise you ain’t seen nothing yet. Every day, we keep coming up with the silliest of things. The spectacle at the federal high court, Ikoyi, Lagos, on Wednesday, July 25, wherein officials of two government agencies openly re-enacted a scene […]