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Friday, May 18, 2012

The Untold Story of Divided SEC Management - SEC's Executive Commissioners lied

May 15, 2012 // 0 Comments

Many Nigerians and other watchers of the ongoing capital market public hearing were shocked as Executive Commissioners at the Securities and Exchange Commission (SEC), took turns to deny taking part in many important initiatives and actions taken by the Director General, Ms Arunma Oteh. Many of those who saw this on live TV were shocked by what appeared to be a sharp divide, apparent mutual dis...

Oteh not Qualified for SEC Job-Okereke-Onyuike …Says: Oteh went to Harvard, UNN but I teach there

May 15, 2012 // 0 Comments

Former Director-General of the Nigerian Stock Exchange (NSE), Ndi Okereke-Onyuike, has said Ms. Aruma Oteh, the Director General of the Security and Exchange Commission, SEC, is not adequately qualified to head the agency. "By the rules, the DG of SEC must have 16 years cognate experience and must be a member of the stock exchange so that you will be able to know what you are doing.  O...

Why I Admire Jonathan

May 15, 2012 // 0 Comments

By LEVI OBIJIOFOR Of all the nasty things I have heard people hurl angrily at President Goodluck Jonathan, I have never heard anyone accuse him of indecision or slowness to act. Jonathan is a great president because he is imbued with greatness. That is the hallmark of a statesman. A statesman needs to think slowly, carefully and must be willing to consult widely with superior beings and with peop...

EXCLUSIVE: PDP Panics Over Planned CPC-ACN Alliance Buhari, Bakari, Tinubu, others under security surveillance

May 15, 2012 // 0 Comments

By COMFORT ONCHE The 2015 general election is still far away. But so high are the stakes and such is the win-at-all-costs mentality of the major political actors that not only have preliminary preparations kicked off; sundry suave shuffles are reportedly being hatched with a view to outsmarting their opponents. The Action Congress of Nigeria (ACN) and Congress for Progress Change (CPC) for insta...

Boko Haram: It's Not About Goodluck Jonathan

May 15, 2012 // 0 Comments

There is no doubt that Nigeria is in the grip of its worst crisis ever. That is after the pogrom of the Nigerian civil war. What happened in Kano on Friday, January 20, 2012 when nearly 200 Nigerians were murdered in a spate of suicide bombings targeted against offices of security agencies is clearly unacceptable and fully underscored the worsening security situation in the country. The deadly bom...

Mr. Fashola Has Done It Again

May 15, 2012 // 0 Comments

By BENJAMIN OBIAJULU ADUBA You have to give it to Mr. Fashola. He is a man of courage. He brooks no nonsense from anybody. If he wants to build a dual carriage way and your house plot has gradually creped beyond the plot master plan, he will quickly push you back to the original master plan as designed many decades ago. Go to Lagos and see what Awolowo Street looks like. It is dual carriage way...

A Collapsing Economy?

May 14, 2012 // 0 Comments

Recently, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, expressed deep concerns over the depletion of the Excess Crude Account (ECA). According to the Minister, the account has witnessed a free fall within six years (2006 – 2012), from N20 billion in 2006, to $3.6 billion at present. This means that a total of N16.4 Bn has been withdrawn from the account and shared between the Federal and stat...

The Reality of a failed State as Democracy fails Again

May 9, 2012 // 0 Comments

Whichever way you look at it, it is beginning to look like Nigeria is either not ready or not suited to democracy. At every point in the nation's history when there was a democratic experiment, it ended up in chaos prompting the intervention or return of the military. After a vociferous campaign for independence by the nationalists, independence was granted in 1960 along with the democratic experi...

Kebbi Under Dakingari: Worst Days Ahead!

May 9, 2012 // 0 Comments

Why ex-acting Governor, Habib Jega is a target of Impeachment But pundits argued that for the then acting governor, Habib Jega to have approved the implementation of the 100% increment and even commence payment as an insider to the state's finance and monthly income, he must have been convinced that like other states with less allocation and revenue and are paying their workers more, Kebbi state ...

Beyond Sacking PHCN Officials

May 9, 2012 // 0 Comments

The recent sacking of three top officials of the Power Holding Company of Nigeria (PHCN) over power outages across the country, signals some kind of desperation in the face of fruitless efforts by the Federal Government to fix the power sector. The victims of government's sledgehammer were erstwhile Managing Director of the Transmission Company of Nigeria, Mr. Akinwunmi Bada and the former Market...

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