Nigeria’s First Ladies Living in Denial

  • Says No Girl was Abducted

  • Adds Bizarre Weeping Drama to the Agony in the land

“Today, when I sighted her, I say within myself that we will get to the conclusion today because one of those whose child is missing is here. But to my greatest surprise, when we asked her, she said she is a representative. She wrote down her name as Grace. A whole civil servant impersonating, she should be arrested for impersonation”. Asking the Borno State Commissioner of Police who was at the meeting to take action on the matter, she said: “You have to take this woman to I.G. and the president.”





Questions without Answers

Black hole that swallows funds: how long?

Black hole that swallows funds: how long?

Are there questions without answers? It appears that Nigeria’s government would rather have it so. In the area of infrastructure, I am raising some questions that must be answered. Join me in seeking the answers. What are these questions?

CBN: Mixed Reactions Trail Sanusi’s Suspension

This is happening only days after I wondered what kind of joke Nigeria was becoming with all those crazy figures allegedly stolen or misappropriated. Good that Sanusi is suspended (was too garrulous to be Governor of Central Bank anyway); now let him bring out his evidence and let the world challenge Jonathan to prove his innocence.


Lagos- Mixed reactions on Thursday trailed the suspension of the Central Bank of Nigeria (CBN) Governor, Malam Sanusi Lamido Sanusi by President Goodluck Jonathan.

Some financial experts, who spoke in Lagos, said that the suspension was timely.

The President suspended the CBN governor on Thursday, Feb. 20 and appointed CBN’s Deputy Director of Operations, Mrs Sarah Alade as the acting governor.

A former director in CBN and an Economist, Mr Titus Okunronmu said that Sanusi’s pronouncements of recent might have been responsible for his suspension.

Okunronmu said that Sanusi should have resigned a long time ago instead of denting his image by the suspension.

He said that the next CBN governor should be a core professional with multi-disciplinary experiences.

Mr Adebayo Adeleke, General Secretary, Independent Shareholders Association of Nigeria (ISAN) said that Sanusi’s suspension was long over-due.

Adeleke said that Sanusi’s tenure as CBN governor should be investigated by the…

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Okonjo-Iweala: FG Seeks Forensic Audit of NNPC


230712N.Ngozi-Okonjo-Iweala.jpg - 230712N.Ngozi-Okonjo-Iweala.jpg

Ngozi Okonjo Iweala, Finance Minister


•  Corporation renders account on $10.8bn, NPDC’s partnership with Atlantic Energy


  • Senate condemns retention of subsidy on kerosene without appropriation


By Ndubuisi Francis, Omololu Ogunmasde   and Ejiofor Alike 


To lay to rest the controversy over the exact amount the Nigerian National Petroleum Corporation (NNPC) is yet to remit into the Federation Account, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has recommended the setting up of a team of forensic auditors whose work will satisfy the yearnings of all Nigerians.

The minister, who disclosed this at a media briefing in Abuja yesterday, said this was her recommendation to the Senate Committee on Finance which is holding a public hearing with the aim of determining the exact amount that had not been remitted to the Federation Account by the state-run oil corporation.

Her recommendation…

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Nigeria’s Tragicomedy Continues

How much is missing from Nigeria’s  Federation account? First it was alleged (and allegations are not new in Nigeria) by the Central Bank Governor, Sanusi Lamido Sanusi,

Nigeria's outgoing Governor of Central Bank
Sanusi: He raised the wild cry: is he mad, stupid or plain honest?

that a whooping $49.8 billion being proceeds from crude oil sales were not accounted for by the country’s Oil company, Nigeria National Petroleum Corporation, NNPC. There was a reconciliation meeting called by the Finance Minister, Dr. Ngozi Okonjo-Iweala,

Nigeria's Minister of Finance and former World Bank Vice President

Nigeria’s Minister of Finance and former World Bank Vice President

former World Bank Vice President, where it was found that the unaccounted for sum was about $10.8billion. The Central Bank Governor apologised for the huge “allegation” but insisted that the figure was about $12billion. Now, the same Governor has come with a revised figure by upping the missing or unaccounted for money to be $20billion.


  • Now is this CBN Governor mad or stupid?
  • Or is there a leak pipe funneling the missing funds into the pockets of those preparing for elections and re-elections?
  • Or is Okonjo-Iweala now one of the famous Nigeria thieves shielding the mega-thieves?

When Nigerians protested against oil subsidy withdrawal in 2012 one of the major complaints was that there was no transparency in the oil proceeds management. This contention brings the matter into a laughable focus.

What is the President saying? MUM. Now am afraid the missing funds may be hiding under some one’s caps waiting to be spent on elections due a few months from now.

Keeps mum to allegation that nearly 40% of country's revenue is unaccounted for

Keeps mum to allegation that nearly 40% of country’s revenue is unaccounted for

Ten Steps for Starting a Software Business

I find this to be very educative.

Late Blooming Entrepreneurs

Jim Kelly is a Bethesda, Maryland-based serial entrepreneur whose expertise includes software technology solutions and venture capital. In 1996 — at age 55 — he left his position with BDM to start his first company: SynXis, a hotel reservation management software provider sold to Sabre in 2005. Later that year, Kelly (a former pilot) and his business partner, Bob Wright, launched Flight Explorer, a software and IT solutions provider to the global aviation community that was created from a division within Wright’s company, Dimensions International. Over the next three years, Kelly and Wright used a software product that tracks planes in flight to build Flight Explorer before selling the company to Sabre in 2008.

Kelly also is the founder of Innovectra, a telecommunications software provider acquired by Edison Venture Fund in 2003. His current businesses include a medical startup and a publishing company. He draws upon his own experience to offer the following ten-point plan for aspiring software entrepreneurs.

1. Define your…

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Invention Turns Smartphones into Heart Monitors

Wow! I am not after the age but after the impact this could have on heart patients and how many lives may be saved now that even 17 year olds are having heart problems

Late Blooming Entrepreneurs

David C. Albert is an Oklahoma City-based cardiologist, inventor and the founder of three tech companies. His latest venture, which he started at age 56, sells a product that has caught the attention of many in the health care industry.

The AliveCor System turns a smartphone into a portable, clinical-quality heart monitor. As explained in this recent piece by syndicated columnist Froma Harrop, Albert’s invention allows a user to attach a box to a smartphone, place the phone on his or her chest and send the EKG results to a doctor or cardiac technician via an app. The recipient can review the results in a matter of minutes.

The device may have saved the life of an airline passenger who had discomfort in the middle of a flight. The pilot made an emergency landing after a doctor on board used the AliveCor box and app to determine that the man was having a heart attack.

Harrop reports on AliveCor as part…

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