Court Sacks Fintiri, Orders Swearing-in of Nyako’s Deputy

 Justice Ademola Adeniyi of Federal High Court, Abuja, has ordered that the former deputy governor of Adamawa state, Mr. Bala Ngilari, should be sworn in as the substantive governor of the state.

The substantive speaker of the House of Assembly, Alhaji Umar Fintiri, is also mandated to vacate office as the acting governor of the state.

#CashForArms Deal Bungled Again. …as South Africa Seizes Nigeria’s $5.7m

Nigeria responded with fury Monday after South African authorities confiscated a second tranche of funds meant for arms purchase to fight the extremist Boko Haram sect, denying the deal was unlawful and warning South Africa of its investment in Nigeria.

The warning came after the South African government seized US$5.7 million wired by the Nigerian government through a bank to an arms dealer in that country.

FG Suspends Residency Programme in Nigeria

The president, Dr Goodluck Ebele Jonathan has ordered the immediate sack of all resident doctors in Nigerian hospitals.

In a directive convened in an internal memo dated August 13 and signed by the permanent secretary, Federal Ministry of Health, L.N Awute, to Federal Hospitals (all CMDS/MDS and Federal Tertiary Health Institutions), Mr Jonathan also ordered indefinite suspension of all Residency Training Programme for Nigerian Doctors. 

Mr Awute said the President’s directive was given following an appraisal of the challenges facing the health sector.

Why Jonathan Should ‘Port’ to APC

I read with deep thoughts, the letter from Olusegun Obasanjo, a General  and veteran of the Nigerian Army; a former president and veteran of the Nigerian politics who may have willfully dug a gulf between himself and the current president, His Excellency, President Goodluck Jonathan.

The letter dated December 2, 2013 hit the tabloids on December 12, 2013 and it was an avalanche of allegations against Mr. President: Allegations that were not only weighty but were also crafted as if by the scriptural serpent who “beguiled” the woman.  

Importation: a Bane of the Real Sector

In spite of the abundant incentives that nature bestowed on Nigeria, the real sector of the economy has failed to live up to its expectation. Nigeria is at the receiving end of global trade distribution inefficiency. This is also a function of high cost of doing business in our own market as well as low application of technologies. The policy of buying made-in-Nigeria goods is still at the lowest ebb. A typical Nigerian market is crammed with over 80% foreign produce.

FATCA: Why Financial Institutions in Nigeria Should Care

The final Foreign Account Tax Compliance Act (FATCA) regulations issued in the United States of America on January 17, 2013, outlined far-reaching new U.S. tax compliance obligations effective January 1, 2014 and potential legal conflicts that have been frightening financial institutions in the African region.