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Showing posts from April, 2016

2015 PDP Presidential Campaign Funds: Former Finance Minister, Nenadi Usman, refunds part of N2.5b cash

Abuja After being detained for about four days, a former Finance Minister, Senator Esther Nenadi Usman, has reportedly made a substantial refund of the cash said to have been given to her by the Office of the National Security Adviser, NSA. A competent source at the Economic and Financial Crimes Commission, EFCC, confirmed that the powerful female Kaduna politician, who served as the Director of Finance for the Peoples Democratic Party, PDP, Presidential Campaign Organisation, reportedly received N2.5 billion from the N4 billion that was released from the Central Bank of Nigeria, CBN, on the orders of Colonel Sambo Dasuki, a former National Security Adviser,NSA, in the heat of the 2015 elections. Esther Nenadi Usman Esther Nenadi Usman EFCC sources claimed that Usman had unhindered access to huge cash, some of which the EFCC said came from the CBN. According to findings, the former minister is being quizzed over various sums of money which were paid into her account. Some of these fu

Electricity: The price Nigerians must pay

    •Explains why he has no control over tariff •Envisions a brighter future for power sector performance Babatunde RAJI Fashola, SAN, responds to these Frequently Asked Questions about the Nigerian Power Sector. Fashola, the Minister of Power, Works and Housing, explains that there is a price to pay to have improved electricity supply. What are the components required for generating electricity? Perhaps the place to start is to say that the whole purpose of this discussion is to simplify what appears to have become a very complex issue. And first to say that, Electricity is not different from what you and l learnt in our Physics in schools; Energy resulting in alternating current and all of the technical processes. But to say that if you remember the Principle of the Dynamo and the magnetic fields and all of that, that is really what it is all about. Simply put, the power plants that we have are nothing but very big generators. Power plants are just multiples of the sma

Transfer News: Mourinho signs Man United deal, Chelsea target speaks out, Arsenal move

Jose Mourinho has signed a contract to replace Louis van Gaal at Manchester United in the summer , according to reports.  The 53-year-old has been heavily linked with the top job at Old Trafford since he was sacked as manager of Chelsea in December. Express Sport understands Mourinho is increasingly confident about landing the United job - but the club's hierarchy have not yet made a decision .  However, reports from Portuguese newspaper Jornal de Noticias now claim he has put pen to paper on a deal to become United boss, which will see under-fire Van Gaal depart.  The report adds Mourinho has been watching United matches in recent weeks to assess the playing squad to determine what areas he needs to strengthen in the transfer market.  And they also state that they will give Mourinho full control of transfers and that he may sign players from the Portuguese league, with Benfica midfielder Renato Sanches and Braga's Rafa Silva being linked with moves. Manchester