N5,000 note will move corruption into super highway

Recently, the Central Bank of Nigeria announced the introduction of N5000 notes in the nation’s currency. The new notes will make their debut in 2013. The existing naira notes will be restructured. The N5, N10 and N20 notes will convert to coins. The N50 note will be the least currency note in circulation. The CBN […]

Cameroon’s ex-minister bags 25-year jail sentence

A court in Cameroon has sentenced former presidential hopeful and senior minister Marafa Hamidou Yaya to a 25-year jail term on embezzlement charges related to the botched purchase of a presidential plane in 2004. Reuters says the court handed down the sentence early on Saturday morning after a marathon overnight trial. The court handed the […]

Shell attacked over four-year delay in Niger delta oil spill clean-up

Energy firm’s attempts to clear pollution resulting from two large spills in 2008 described as ‘amateurish’ by assessors Guardian.co.uk:  Two large crude oil spills from Shell pipelines in the Niger delta four years ago have still not been cleaned up by the company despite an outcry by the UN, Amnesty International and the Nigerian government […]

“Reforming the Unreformable – Lessons from Nigeria” A New book by Ngozi Okonjo-Iweala

Nigeria’s Minister for Finance and Former Managing Director of The World Bank Dr. Ngozi Okonjo Iweala recently wrote a book ”Reforming the Unreformable – lessons from Nigeria.” The 202 paged book is published by MIT Press and retails at about $24.95. on Amazon Below is a review of the book by Gwendolyn Mikell, Professor of […]

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