Mozambique ex-president’s son jailed 12 years for corruption
A Mozambican court on Wednesday sentenced the son of Mozambique’s ex-president Armando Guebuza to 12 years in jail. This is following a vast corruption scandal in which the government unleashed financial havoc by trying to conceal huge debts. “The crimes committed have brought consequences whose effects will last for generations,” said Judge Efigenio Baptista who found Ndambi Guebuza guilty of embezzlement,...
Just In: Gunmen abduct ex- Accountant general, 3 others in C’River
A former Accountant General of Cross River under Donald Duke’s administration, Mrs. Rose Bassey and three other yet to identified persons were on Tuesday evening abducted along Uyanga-Ikomita axis of the Calabar-Ikom Highway. They were abducted by gunmen who laid siege on that axis of the busy highway by shooting at the traveling motorists to force them to stop. Vanguard also...
Rivers pastor, stepfather, teacher arraigned for raping orphan
The Rivers State Police Command has arraigned five persons, including a stepfather, a pastor and a school teacher, before a magistrate’s court sitting in Port Harcourt, Rivers State, for allegedly raping an 11-year-old girl. The incident happened at Buguma in the Asari Toru Local Government Area of the state. In the charge PMCNO/1771C/2022 seen by our correspondent, those arraigned are Ebi...
Nigeria spent $9.6bn to service foreign debts in 12yrs — World Bank
•Says external debt service gulps 144% of annual exports •Says economy not reflecting level of borrowing The World Bank, yesterday, said that Nigeria spent $9.6 billion to service foreign debts in 12 years, from 2010 to 2021, adding that the nation’s debt stock is not reflected in the economy. The World Bank disclosed this in its International Debt Report, IDR, which showed...
Police probe sale of human organs by 2 teenagers; father demands N20m compensation
The police in Lagos have commenced investigation into how two teenagers, residing at Iyana-Ipaja area of Lagos State, sold their organs to a medical doctor in Abeokuta, Ogun State, last two months for N200,000 without the consent of their parents. The teenagers, 17-year-old Precious Ikechukwu, daughter of a Pentecostal Bishop in Lagos, and her father’s secretary, 19-year-old Theresa Obam, allegedly...
Attackers cut Mexican woman open, steal unborn baby
A pregnant Mexican woman died after she was cut open by two assailants who stole her unborn baby, authorities said Monday. The alleged perpetrators were arrested with a newborn in their possession, the Attorney General’s office in the eastern state of Veracruz said in a statement. The suspects, a man and a woman, appeared before a judge on Monday accused of...
CONUA to sue FG over withheld salaries
…says union not part of strike The Congress of University Academics has expressed its disappointment with the Federal Government, especially the Ministry of Labour and Employment, over the non-payment of its members’ withheld salaries “even when the government knew that the union did not call for strike action and its members were not involved in the strike action that lasted...
Naira depreciation adds N9tn to foreign debt burden
…as local currency weakens by 53%, external debt rises by 288% •Nigeria needs strong, productive economy, say economists The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. Within the seven years under review, the naira depreciated by 52.52 per cent against the US dollar. The Monthly Average Exchange Rates of...
I will sell refineries to raise $10b, says Atiku
PDP stalwarts absent at Lagos rally The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has promised to privatise the nation’s three refineries to raise $10 billion for the empowerment of small and medium scale businesses (SMEs) in the country. Atiku, who said this while addressing a campaign rally yesterday in Lagos, listed the refineries as those in...
I’m prepared for dirt in politics – Tinubu
“I’ve had very good exposure in life. My record is consistent in the university they questioned. They’ve now confessed that they wasted their money and their time. The record is there, and the transcript is there showing March 1952. “I’m not claiming another father, I’m Tinubu and Tinubu proper. If they want DNA, they could as well request one. “One of...
