Tuesday, March 15, 2016

Video - Top Nigerian government officials accused of diverting money to Boko Haram


Nigeria's former top military Chief is struggling to meet a tough bail condition granted him last week. A federal judge last week ordered Alex Badeh to be remanded in prison custody until he is able to meet a 10 million dollar bail bond before he can regain temporary freedom. He is standing trial for allegedly stealing around 20 million dollars while he was head of the Nigerian military. Badeh is only one of several senior serving and former military officers being accused of diverting money meant for the purchase of arms to fight Boko haram. 

Video - Former Nigeria Super Eagles coach Sunday Oliseh shows proof of malpractice by NFF



Proof that the Nff did not pay Oliseh Sunday before he resigned.

NNPC did not pay Nigeria government $16bn in oil revenue

Nigeria's state-owned oil company has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit.

The Nigerian National Petroleum Corporation (NNPC) provided no explanation for the missing funds, the auditor general told MPs.

Oil revenue accounts for two-thirds of the government's funding.

President Muhammadu Buhari has promised to crack down on corruption since coming to office last May.

The NNPC has not commented on the auditor general's findings.

The state oil giant has been mired in corruption allegations and losing money for many years.

Last month, the government announced that the NNPC would be broken up into seven different companies.

Nigeria's former central bank governor Lamido Sanusi, now the Emir of Kano, was dismissed by the previous administration after saying that $20bn (£12bn) in oil revenue had gone missing in 2013.

A separate audit ordered under former President Goodluck Jonathan and carried out by global accountancy firm PwC, found that the NNPC had failed to pay the government $1.48bn between January 2012 and July 2013.

It did not provide a total figure for how much revenue the NNPC should legally have handed over to the treasury.

However, the company said that it could not vouch for the integrity of the information it was given when it conducted the audit.

Nigeria is Africa's biggest oil producer, but the economy has suffered because of the fall in the price of oil.


BBC

Monday, March 14, 2016

Video - Electricity bills increase in Nigeria despite irregular supply


Nigerians will soon be facing higher electricity costs as providers say it's the only way to improve power supply.

But consumers do not agree. Many say access to power should improve, before prices go up.

Video - South Africa president visits Nigeria to boost trade



The relationship between two of Africa's largest economies South Africa and Nigeria seems to be on a new path of recovery. South Africa's President Jacob Zuma's two-day state visit to Nigeria this week has seen a raft of agreements signed to boost diplomatic and economic ties between the two countries.