Category

Specials

Specials

SPECIAL REPORT: How inefficiency, lack of transparency flaw CBN’s ₦50bn COVID-19 loan to small businesses

As Nigeria faces a second wave of COVID-19 pandemic, CBN’s COVID-19 loan hangs in the balance for small businesses; Small business owners share mixed feelings over the disbursement of CBN’s ₦50bn COVID-19 credit facility; Lagos, Abuja lead COVID-19 SME beneficiaries’ list as thousands still expect feedback from NIRSAL MfB; NIRSAL MfB declined to respond to FOI request; lawyer says action violated section 7 of the Freedom of Information, warranting litigation.

Specials

SPECIAL REPORT: Fishers suffer as obsolete fishing regulations in Nigeria aid illicit activities

Lagos artisanal fishermen complain of illicit fishing, dredging on waterways; Despite being among the world’s top producers in fisheries and aquaculture production, Nigeria loses $10 billion annually to illegal fishing according to the transport minister, Mr Rotimi Amaechi; Prof. Shehu Latunji Akintola, Department of Fisheries at the Lagos State University (LASU), says Nigeria’s anti-piracy law could help solve illegal fishing.

Specials

APC throws away calls for Buhari’s resignation

Ruqqayah Ibrahim, the 9th witness for the corruption trial of Mr Maina testified on Tuesday saying that he bought two houses in Abuja for $3.4 million. The EFCC Investigator added that Maina paid for the houses in cash. The houses in question are located in Life camp and Jabi. Mr Abdulrasheed Maina is a former pension chief on trial for corruption and illegal moving of government money.

Specials

NEMA renews commitment amid 68 deaths from flooding

Wreckage from floods may be mainstream, but the extent of its destruction might be novel. According to the Director-General of the National Emergency Management Agency (NEMA), Muhammadu Muhammed, the floods wreaked havoc on at least 129,000 persons this year. This number covers losses counted in all flood-affected states. In all, the agency reported 68 fatalities in all 35 states, including FCT. Mr Muhammadu disclosed this during the 2020 Flood After Action Review Technical Meeting which took place in Abuja on Monday. He also lamented that the flood also destroyed properties, farmlands, making it harder for people to survive. In response, he said NEMA has become active in supporting state emergency management agencies to handle the situation.

Specials

N2P: Shootout at Old Parade Ground leaves 20 injured

A report released on Monday has revealed that even though it is well known that maternal deaths rate is high, the numbers are still under reported. Every maternal death should be counted and recorded, not assumed or estimated. According to the UN global estimates, about 303,000 women die from childbirth or pregnancy complications. Nigeria and India unfortunately accounts for one-third of this number. This means that one out of seven deaths in Africa occurs in Nigeria.

Specials

N2P: Most Corrupt Sector goes to Nigeria’s Judiciary with ₦9bn worth of bribes

When the very sector that is supposed to uphold truth and justice is labeled as the most corrupt, what is the hope for the country. According to SaharaReporters, the Independent Corrupt Practices and Other Related Offences has indicated that the judicial sector has been the number one in the Nigeria Corruption Index since 2020. The most unexpected (expected) part is that the corruption seems to start from bribery. According to the ICPC, about ₦9 billion was offered as bribes by lawyers to court officials. All of this information was extracted from a report by the agency that was available on Tuesday. The Chairman of ICPC also pointed out that upright demand for bribes are mostly linked to election matters.

Specials

N2P: INEC lets go of 3, alien disease kills 50

On today’s N2P, we see how an overburdened healthcare system grapples with an alien disease; all the while bagging an award in reverse. Elsewhere, we note a thread of corruption and indiscretions across government agencies. Mompha gets lucky.

Specials

N2P: 1.98M COVID-19 cases, NCS plugs ₦17.4bn

Today’s N2P continues with a thread of insecurity observed earlier. Also present is a theme of COVID-defiant wins, albeit small. And on the financial scene, Nigeria’s TSA account is doing well; customs fights the good fight.

Specials

N2P: ₦4.6 billion in vague transactions with a 14% rise in inflation

Besides EndSARS, the security forecast is cloudy with a chance of banditry. On the financial scene, we see more vague transactions reminiscent of the disappearing act we noted before, and escalating inflation rates. In other news, once again, trouble comes a-knocking for Babatunde Fowler, identified in yet another scam.

Specials

Monday Rundown: 20 frozen EndSARS bank accounts & the mother-of-all-sectors

Picking up where we left off with the 2021 budget review, today we review some omissions that speak to an unending gender dialogue. Under the aegis of the Small Scale Women Farmers Association in Nigeria (SWOFON), women farmers condemned the 2021 budget allocation for leaving women out yet again. And although women contribute to 80% of agriculture production, the appropriation of ₦179.4bn only accrued 1.33% to female farmers