How Do We Measure the Performance of State Governments?

By Chukwuma Charles Soludo Nigeria operates a peculiar kind of federation (unitary federalism) with overwhelming concentration of powers on the Federal Government of Nigeria (FGN). Its fiscal federalism is also peculiar, with about 50% of the Federation Account shared among the 36 states and 774 local governments, and each armed with constitutional powers to spend […]

Slave Labour: Diamond Bank’s contract employees protest

Aggrieved contract Staff of Diamond Bank PLC have petitioned the management and the Central Bank of Nigeria (CBN) to protest poor working conditions. Below is a full text of their petition. OUR AGITATIONS This is the reaction of all DSEs Nationwide as regards the new commission rate and all other issues: “When the usage of […]

I was not arrested by EFCC— Soludo

Former Governor of the Central Bank (CBN) Professor Chukwuma Soludo has disclosed that he was not arrested by the Economic and Financial Crimes Commission (EFCC) as was published in some national dailies yesterday. Soludo said he was invited by the EFCC to make clarifications on some issues on a matter under investigation. According to a […]

EFCC arrests ex-CBN governor, Prof. Soludo

By Citizens Platform Former Governor of the Central Bank of Nigeria, CBN, Chukwuma Charles Soludo, was reportedly arrested on Thursday afternoon by operatives of the Economic and Financial Crimes Commission, EFCC in connection with the Australian polymer banknotes bribery scam. Sources say officials of the anti-graft agency picked up Soludo in Abuja a few hours […]

Subsidy Payments: Finance Ministry Releases N161 Billion to CBN

The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege that the Federal Ministry of Finance is blocking verified payments to marketers. According to the Minister, the Finance Ministry made the N161.6 billion supplementary budget for subsidy payments which had been approved by the National Assembly […]

Lamido Sanusi denies wrongdoing over £5bn missing funds

…Respected head of Nigeria’s central bank Lamido Sanusi called to appear before MPs but says he is ‘unaware’ of arrest warrant (Guardian.co.uk) The head of Nigeria’s central bank has denied any wrongdoing after he and 14 other officials were threatened with arrest warrants over £5bn missing from government funds. Lamido Sanusi, a highly respected banker, […]

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