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Nigeria can’t afford another bank distress

Nigeria can’t afford another bank distress

THE possibility of yet another round of systemic failure in the banking industry, raised recently by the Nigerian Deposit Insurance Corporation, calls for quick, concerted pre-emptive action. The revelation by Umaru Ibrahim, managing director of the NDIC, that weak corporate governance and internal controls were tipping the financial sector towards crisis conflated with a similar […] …

Away with the corrupt security vote

Away with the corrupt security vote

A stark reminder of the depth of corruption in Nigeria and how we have failed to deal with it have been provided by global watchdog, Transparency International. Its finding that, combined, the federal and state governments allocated N241 billion annually under the notorious security vote heading confirms our governments’ reputation for unaccountable expenditure and the […] …

Wrong diagnosis of Fulani herdsmen killings

Wrong diagnosis of Fulani herdsmen killings

AS a problem-solving mechanism, the last Special Town Hall Meeting organised by the Minister of Information and Culture, Lai Mohammed, fell far short of expectations. Rather than deal squarely with the hydra-headed problem of Fulani herdsmen carnage across the land, it turned out to be a platform for not only providing excuses for their atrocious […] …

Nigerians must develop culture of protest

Nigerians must develop culture of protest

COMPLACENT as ever, Nigerians failed to take adequate notice of the recent nationwide peaceful protest led by the Catholic Church. They should. Civil rule since 1999 has neither delivered on its promise of inclusion nor facilitated material wellbeing. In the midst of serial misrule, unmatched corruption and avoidable poverty, Nigerians must imbibe the critical input […] …

Corrupt Bench and lack of diligent prosecution

Corrupt Bench and lack of diligent prosecution

AN interim report that the Corruption and Financial Crimes Cases Trial Monitoring Committee submitted to the National Judicial Council last week identified possible causes of delay in the prosecution of corruption cases and recommended measures to expedite trials. A broad spectrum of administrative, prosecutorial and ethical concerns was scrutinised. In fact, there is enough blame […] …

Buhari, Baru have made NNPC worse

Buhari, Baru have made NNPC worse

ACCUSTOMED to meeting most of their financial obligations from their monthly share-out of the Federation Account, Nigeria’s 36 state governors were recently confronted with less-than-expected offers from the pool. Under-remittances from the state oil company and some other agencies mean less revenue for states battling rising costs, high debts, deficits and an impending election cycle. […] …

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