June 25, 2015 Popular Billionaire Makes N658b in 1 Day, Equivalent to Debt of All Nigerian States The 36 states of Nigeria have an estimated total debt, including unpaid salaries, of N658 billion, which is about $3.3 billion. The figure is apparently a huge burden to a country like Nigeria, weighed down by revenue shortfalls, under-develpment and leakages. But to Spanish billionaire, Amancio Ortega, Europe’s richest man and second richest man in the world, it is all in a day’s job, or rather, just part of the day’s takings. On Monday, the billionaire added $3.3 billion to his fortune, as shares in Inditex, owner of Zara, the world’s largest clothing retailer, rose 3.9 percent. The Spanish billionaire’s gain was $500 million more than the combined increase recorded by everyone else among the world’s 10 richest people tracked by the Bloomberg Billionaires Index. The rise caps a surging performance for Ortega...
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Showing posts from June, 2015
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June 18, 2015 I Encouraged Buhari To Run For President – says Spokesman There are reports you know President Buhari very closely. What is your relationship with him? FEMI ADESINA: I will say yes. The President is somebody that I have admired for a long time since he was a military ruler. When he was a military ruler, I was already in my third year in the university. So, I can say I knew him and his style and I liked it. I felt sorry when his government was overthrown. So, when he came back into partisan politics in 2003, it was something that was very exciting for me and since then, I have been supporting him. I am a journalist and I write a weekly column. I have been pointing Nigerians in his direction since 2003. And whenever I wrote anything in his (Buhari’s) support, he would call me on the phone and we would discuss and he would thank me. I remember in 2009 or thereabout when Prof. Tam David-West wrote a book on Buhari and it was to be presented a...
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June 18, 2015 Jonathan Sold Oil Bloc for $1.85bn but Remitted Only $100m As President Muhammadu Buhari hosts the head of the leading global corruption watchdog Clare Short this week, top on the agenda will be a probe of how Nigeria allegedly remitted only $100m for the sale of oil blocks on which the country was paid $1.85bn, credible sources have revealed. Clare Short, who is the Chair of the Extractive Industries Transparency Initiative (EITI) arrived in the country on Monday on a three-day working visit. She is expected to hold talks with President Buhari on the implementation of the independent reports of the Nigeria Extractive Industries Transparency Initiative (NEITI). The Meeting which is also expected to provide the International Chair the platform to brief the President on the importance of integrating the EITI principles in his economic policy agenda as obtainable in resource rich countries of the developed world, is also seen as a global endorsemen...
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June 18, 2015 Jega Used Card Readers to Finish Us in PDP Olorogun John Oguma, JP, is a chieftain of the PDP. He shared his perspective of the 2015 elections: What is your reaction to the outcome of the 2015 general election? We in PDP abandoned ‘we’ and we were discussing ‘I’ and that is what has brought us now to this level. It is a bitter lesson that we must have to learn from and we are going to start again from the scratch. We were busy fighting ourselves, APC was busy rigging the election two years back. This election was actually rigged two years back because we were busy fighting ourselves; this governor is not good, that governor is bad; so it is a bitter lesson to our leaders. Secondly, as far as I am concerned, the card reader was a bigger issue than the voting point... In the electoral act, the card reader is not there, but he (Prof. Jega) forced Nigerians to accept it because he knew what he planned. You said APC actually concluded this election about two ...
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June 18, 2015 Lady Causes Commotion with promise of Cash, Car to Any Man who Marries Her Wahala dey o! There are so many jobless men who are looking for a woman to take care of them just as girls are giving out their love to men because of money. That's the reality in our society today. A drama played out at the Freedom Radio in Kano on Wednesday when hundreds of teenagers besieged the station to marry a lady who promised to give a car and house to any man who marries her. The 22-year-old girl, Zainab Abdulmalik had on 'Inda Ranka', a popular programme of the radio station on Wednesday disclosed her intention to shower her wealth on the lucky man to marry her. Early on Wednesday morning, young men thronged the radio station at the Sharada industrial layout area of the state wearing their best clothes. The girl had requested that all interested young boys who are between the ages of 17 and 25 should assemble at the radio station for screening on Wednesday mo...