[News Update] A Woman Sacked NNPC Boss as FG Says No More Father Xmas to States
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FG to Put Embargo on Excess Crude Account... No More Father Xmas
President Goodluck Jonathan is facing a dilemma over agitation for release of funds from the Excess Crude Account (ECA). He is in a delicate situation, as a President, to either approve the release of funds from the account as demanded by governors and local governments chairmen or consider placing embargo on the funds for now as advised by his economic and monetary experts. He has now decided "No More Father Xmas for States and LGCs!" READ
How a Powerful Woman Sacked NNPC Boss
The removal of the immediate boss of Nigerian National Petroleum Corporation (NNPC), Barrister Shehu Ladan has nothing to do with a speculated political ambition to be the Deputy Governor of Kaduna State. A highly reliable source in the oil industry told Economic Confidential magazine bluntly that: "How can you compare the position of the Group Managing Director of NNPC with an ordinary Deputy Governor of a state when even some governors wouldn't mind to resign for the top position in the oil sector?" He was removed by a new powerful woman in government. READ
Usman Inaugurates a Committee for Nigerian Economic Summit
The Minister/Deputy Chairman, National Planning Commission, Dr. Shamsudeen Usman has inaugurated the Joint Planning Committee for the Sixteenth Nigeria Economic Summit (NES16) with members drawn from the Nigerian Economic Summit Group- NESG (representative of Private the sector) and the National Planning Commission (representative of public sector) to work towards facilitating the successful hosting of this year's Summit. READ
€17mn Siemens Scam: Former Ministers Investigated
In its determined bid to thoroughly investigate the involvement of some prominent Nigerians in the 17.5million Euro Siemens bribery scam, the Economic and Financial Crimes Commission, EFCC, has summoned three former ministers who are alleged to have been indicted in the scandal for interrogation. READ
When Kaduna sneezes, the nation catches cold
The last few days will go down in the annals of our nation's history for their historic significance. After a protracted illness, our beloved former President, Alhaji Umaru Musa Yar'Adua finally answered the divine call to return to his maker. We continue to pray that Almighty God will grant him peace. Memories of his great work, life, vision and dreams for our nation will continue to inspire and guide us. READ
Advanced Fee Fraud and the Nigerian Experience
The Advanced Fee Fraud crime is the 419 criminal code section of the Nigerian constitution, which is completely outlawed. The 419 crime is always perfected in such a clever way that the victims believe that the fraudsters are doing honest business, but later discover that all is false. This is after when the victims would have suffered some financial and material losses to the 419ners. There are victims who have suffered this type of false business transaction. However, most of the victims of the 419 frauds are some time also not honest because they are always willing and eager to benefit where they do not invest. READ
MDGS and Institutionalization of Public Accountability
The Society for Monitoring and Evaluation (SMEAN) is a community of practitioners committed to promoting evidence-based planning and value for money on all public investments in Nigeria. The membership of the society is devoted to the institutionalisation of public accountability in all levels of public administration in Nigeria. READ
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posted by Economic Confidential at 3:17 AM
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