Fuel Subsidy and Oil thieves stole $14B in 2011 – Okonjo-Iweala

LAGOS— Minister of Finance, Dr Ngozi Okonjo-Iweala, has disclosed that Nigeria lost  $14 billion in 2011 to oil theft and fraud in the allocation of a controversial fuel subsidy. In an interview with Financial Times of London, the Finance Minister said the trade in stolen oil led to a 17 per cent fall in official […]

$600,000 Bribe: Falana Calls For Lawan’s Arrest, Trial – PMnews

Human rights lawyer, Mr. Femi Falana on Monday called on anti-graft agencies to arrest and prosecute Lawan just the way Herman Hembe, another Reps member who allegedly compromised his position as chairman of the House Committee probing the crash of the Nigerian Stock Exchange was docked for collecting bribe from the SEC DG, Arumna Oteh. […]

Government: Ongoing Nigeria strike invites anarchy – AP

LAGOS, Nigeria (AP) — Nigeria’s government is warning that a paralyzing national strike risks “anarchy” in the oil-rich nation, as demonstrations over spiraling fuel prices and government corruption entered their third day Wednesday. Attorney General Mohammed Bello Adoke’s comments come as at least nine people have been killed in violence during the strikes over the […]

Okonjo-Iweala denies buying N1.2B Abuja mansion

Minister of Finance Dr Ngozi Okonjo-Iweala yesterday denied reports by Pointblanknew.com saying that she bought a N1.2 billion mansion in Maitama, Abuja. A statement signed by the Senior Special Assistant, Paul C. Nwabuikwu, the minister said that the news was simply the latest in a well financed smear campaign against her “by persons and groups […]

Video: Seun Kuti, Omoyele Sowore on Aljazeera Stream


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