The British police have charged the former Minister of Petroleum, Diezani Alison-Madueke with bribery offences. According to Reuters, the UK police on Tuesday said they suspected she had accepted bribes in return for awarding multi-million-pound oil and gas contracts. The 63-year-old ex-minister served during the administration of former President Goodluck Jonathan, from 2010 to 2015. She was the president of ... Read More »
Author Archives: NewsThumb Magz
Update : Tinubu directs Minister to perform and restore faith in government
Cabinet members lay out priority areas President demands performance, urges restoration of faith in govt Ministers got the Presidential directive to perform and restore faith in government. President Bola Ahmed Tinubu spoke after 45 ministers took the oath of office and oath of allegiance before him at the State House Conference Centre, Presidential Villa, Abuja, yesterday. The ministers left the ... Read More »
Subsidy removal : Revolutionize on transportation System : Tinubu approves establishment of Compressed Natural Gas Initiative
President Bola Tinubu on Friday approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI). The approval is in furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale made the disclosure in Abuja. The initiative was to revolutionize ... Read More »
Labour Party chieftain, Okupe, Makes a u-turn and applauds Tinubu for hitting the ground running, showing determination and courage in leadership
Achieftain of the Labour Party (LP) Doyin Okupe has commended President Bola Tinubu for showing commitment, zeal and courage in directing the affairs of the nation. Okupe, an ex-aide to former President Olusegun Obasanjo in his piece titled: “For President Bola Tinubu: Still Many Rivers to Cross,” applauded the President for abolishing fuel subsidy and equalising foreign exchange. He said: ... Read More »
Poverty Alleviation : Tinubu was sincere when he said “Let the poor breath!” His choice of Betta Edu as Minister
Dr Betta Edu is a humble, intelligent and very hard working, true humanitarian with the grassroot touch. She has worked in her personal capacity to save lives of many poor and down trodden in society. As at today she pays fees for every child in her political ward of Adadama. Started many small and medium scale businesses for the poor ... Read More »
Update : Tinubu Releases N5bn palliative for each state, “The money will not get to the people,” Says Labour
The organised labour has knocked the Federal Government for releasing a N180bn palliative package to states to cushion the impact of the fuel subsidy removal. The Nigeria Labour Congress and the Trade Union Congress insisted that the governors could not be trusted, noting that politicians and not the poor would benefit from the N5bn largess given to each state government ... Read More »
Update : Details on how NNPC Secures $3b Emergency loan to Strengthen the Naira
1. What is the $3 billion loan about? The NNPC Ltd. secured an emergency $3 billion crude oil repayment loan from AFREXIM Bank. This is not a crude-for-refined products swap but an upfront cash loan against proceeds from a limited amount of future crude oil production. 2. Is this loan risky for NNPC Ltd. or the Nigerian Treasury? No. The ... Read More »
“The youngest of all the nominees” Like Betta the youths can do better, Says Tinubu
International Youth Day; President Tinubu broke the jinx Appoints A 36 Years old Nigerian Youth as Minister, Youngest Minister in the the History of 4th Republic of Nigeria President Bola Tinubu in July nominated Dr Betta Edu from Cross River State to serve as part of his cabinet as a Minister of the Federal Republic of Nigeria. Beyond signifying the ... Read More »
Breaking : N6.9bn procurement fraud : Details How Emefiele allegedly bought 100 vehicles through employees, Exposed
….CBN procurement director, six others to testify against, Godwin Emefiele The Federal Government will on Thursday arraign the suspended Central Bank of Nigeria Governor, Godwin Emefiele and his associates for N6.9 billion procurement fraud at the Federal Capital Territory High Court, Maitama, Abuja. Emefiele will be arraigned alongside a female CBN employee, Sa’adatu Yaro and her company, April1616 Investment Limited ... Read More »