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  TMG, (Transition Monitoring Group) a coalition of civil society organizations, at the weekend, discribed the recent recruitment exercise conducted by the Central Bank of Nigeria (CBN) as shady, a grand betrayal of a change mantra of the Buhari’s administration The statement reads: “TMG is dismayed by recent revelations of outright cronyism and favouritism in a shady recruitment exercise conducted by the Central Bank of Nigeria (CBN). It is indeed very strange that impunity of this magnitude would be associated with the nation’s apex bank at a time Nigerians are hoping that the change mantra of the administration of President Muhammadu Buhari, would translate into better ethical standards for conducting government business. “TMG is not unmindful of the fact that this scandal is a clear manifestation that there remains within the system vestiges of the discredited and corrupt old guard, which would always be against a people centred philosophy of governance. For us, the recruit...

Minster of State for Labour and Employment, Chief James Ocholi is dead.  Ocholi is from Dekina local Government area of Kogi state.  Ocholi was said to have died in a motor accident while travelling along Abuja – Kaduna road along with two other passengers. Family source said the accident which involved his vehicle; a Prado SUV and another Lexus SUV also left his wife in a coma. Also in the ill-fated car were his son and aide-de-camp, Vanguard learnt. Ocholi is from Dekina local Government area of Kogi state.

Chairman, Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, has disclosed that in addition to his plans to force a reduction in the dollar exchange rate, he has designed a template to boost Nigeria’s Internally Generated Revenue, IGR, by 30 per cent. In a press statement in Abuja, Ubah also stated that contrary to reports, he is yet to be approached by the Federal Government as regards the foreign exchange (forex) issues. Ifeanyi Uba Ifeanyi Uba Commenting on his new initiative, Ubah said, “It may also interest Nigerians to know that my team and I have also been working tirelessly on a number of issues aimed at fostering the growth and development of Nigeria and her economy. “We have designed two templates/systems on how Nigeria’s Internally Generated Revenue can be grown by 30 per cent guarantee. However, we have decided to push our concepts and strategies out in phases. This will come in the next phase of our intervention scheme. I leave this in the hands of Nigerians and for posterit...

Ebonyi State’s Commissioner for Agriculture and Natural Resources, Mr. Orji Uchenna, has confirmed the detection of the first case of Avian Influenza (bird flu) infection in the state. Disclosing this in Abakaliki, Uchenna said the virus was detected in a poultry farm at Ugwuachara area of the state capital, adding that the attention of his ministry was drawn to the development following death of birds. He stated that officials of the state veterinary services took a sample to a research institute in Jos, where it was confirmed that the birds died from the H5NI strains of the Avian Influenza. Mr. Uchenna directed the veterinary department of the ministry to isolate the farm and take inventory of all poultry and ancillary farms in the state, while sustaining enlightenment on the influenza. The Director of Veterinary Service and Acting Permanent Secretary of the Ministry, Dr Ibiam Okoro, who led the Commissioner to the farm, said the department had already mounted surveillance to cont...

When we just hope the Naira will appreciates, but the reverse was the case as the Naira depreciated further to a 43-year low at N305 per dollar as scarcity of dollars intensified in the unofficial market. From an average of N287 per dollar on Tuesday, the parallel market exchange rate rose to an average of N305 per dollar across the country. Similarly, the new year stock market haemorrhage entered the eighth day yesterday, with a total N1.22 trillion losses to investors, giving a year-to-date decline of 12.36 per cent in market capitalisation. The market key index, the Nigerian Stock Exchange All Share Index, NSE ASI, declined year-to-date by same margin. The stock exchange, which opened this year at market capitalisation of N9.851 trillion began a free fall till yesterday, closing at N8.63 trillion while the NSE ASI which opened the year at 28,642.25 points closed yesterday at 25,103.05 points. The losses were heightened in the last 48 hours with a cumulative two-day loss of N430 bil...

Nigerian Football Federation official Ibrahim Abubakar was shot dead by at his home in Abuja this morning, according to reports. The country’s football governing body announced on Twitter that armed robbers had killed the head of protocol. It was explained that Abubakar’s remains will be taken to Kaduna, in the northwest of the country, for burial. The NFF’s official Twitter feed read: ‘NFF’s Head of Protocol Ibrahim Abubakar was shot dead by armed robbers in his house in Abuja in the early hours of today. ‘Abubakar’s remains is being taken to Kaduna for burial.’ No more details are yet known about the circumstances surrounding the incident.

Olisa Metuh still undergoing investigation by the EFCC in Abuja. Metuh, who was arrested by four operatives of the anti-graft agency from his Abuja home, spent the first night with his interrogators at the headquarters of the EFCC, answering questions on how the sum of N1.4 billion strayed from the account of the Office of the National Security Adviser into a company, Destra,  linked to him. Interestingly, it was the suspect, who first hinted that the former President, Goodluck Jonathan, had given him a job to do and that he successfully completed the said job,  but failed to say what it was and how much he was paid for and when. The revelation by Metuh, according to EFCC officials, prompted the agency to beam its searchlight on cash payments from the ONSA, leading to the discovery that he was one of the major beneficiaries of slush funds, now a subject of investigation and prosecution by the Federal Government. It was learnt that out of the $2.1 billion arms funds, N400 mil...