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2023-03-01T07:08:07.609+00:00

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2017-03-13T11:32:36.439+00:00

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Get the latest Nigeria Election and current Politi...

2014-11-21T06:09:42.856+00:00

Get the latest Nigeria Election and current Political News in thetrentonline.comNigerian Politics, Political News in Nigeria

To know more about the latest Updates of Ebola Ou...

2014-11-13T07:09:50.637+00:00

To know more about the latest Updates of Ebola Outbreaks, Celebrity News, Fashion and Lifestyle, Nigerian Politics. Visit the website http://www.trentonline.com/
Breaking Politics News

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2014-10-30T10:31:39.903+00:00

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Political News in Nigeria

This is the marvelous post that I have come over a...

2014-02-05T11:19:12.250+00:00

This is the marvelous post that I have come over after huge searches. I am really thankful to you for providing this unique information.

Nigeria Sports News Today

In 2001, The Financial Times revealed that 23 Lond...

2012-03-06T08:54:42.237+00:00

In 2001, The Financial Times revealed that 23 London banks handled $1.3bn belonging to family and friends of General Abacha including the city branches of Germany's Deutsche Bank and Commerzbank, France's BNP Paribas and Credit Agricole as well as Switzerland's leading banks, Credit Suisse and UBS. American banks, Goldman Sachs, Merrill Lynch and Citibank. Britain's leading high street banks HSBC, Barclays and NatWest also featured in the list. How the cash got to London is a question nobody is yet to dare look into.

James Ibori pleaded guilty at Southwark Crown Cour...

2012-03-06T08:22:58.880+00:00

James Ibori pleaded guilty at Southwark Crown Court to a series of charges linked to the theft of money from the Delta state and fraud involving state-owned shares in a mobile phone firm. -
http://www.independent.co.uk/news/world/africa/exgovernor-james-ibori-admits-nigeria-fraud-7446496.html

Lol at legendkid. The price will not be 'reduc...

2012-02-22T07:35:08.093+00:00

Lol at legendkid.
The price will not be 'reduced' not in goodluck reign anyway.

Serious i thought this has been settled? Is there ...

2012-02-03T22:30:11.464+00:00

Serious i thought this has been settled? Is there any chance this price will still be reduced?

Thanks for you lies, use your brain and open your ...

2012-02-03T19:52:19.946+00:00

Thanks for you lies, use your brain and open your eyes, keep making stories up, just don't claim them true. You have to walk a mile in someone shoes to understand. By the words you forgue, you don't know what ur saying.

I'm still curious about the so-called ongoing ...

2012-02-03T19:25:35.271+00:00

I'm still curious about the so-called ongoing negotiations between the FG and Labour. From my point of view, I think N97 has come to stay and there's no negotiation whatsoever. Apparently, the FG achieved its aim. The N140 was simply a tactic to cause a stir and eventually see them taking the price to somewhere around N95 to N100 which was the initial plan. May God save us in this country. THE GEEBEE CHRONICLES is back. Catch up on the latest episodes.

2012-02-03T19:22:55.103+00:00

This comment has been removed by the author.

In the 33 years I lived in Africa, the only people...

2012-01-15T12:31:04.949+00:00

In the 33 years I lived in Africa, the only people I ever met who believed that more Aid would solve Africa's problems were expatriates who worked for Aid organisations and NGOs, and politicians who hoped to be recipients of that Aid. Ordinary Africans are almost unanimous in pointing out the real reasons for poverty - and that is corruption.

Almost every African country has great agricultural potential and mineral wealth. That wealth is not used for the good of the people because of politicians treating national resources as their own private piggy banks, and corrupt systems which get in the way of people trying to do legitimate business.

This article actually touched on one major problem with Aid with this one line: ".. that aid developed with an exit strategy can actually work."
Most Aid workers do not want an exit strategy - and exit strategy would be the end of their organisation and their jobs.

In the 33 years I lived in Africa, the only people...

2012-01-15T12:23:50.644+00:00

To move Nigeria forward, we must do the following:...

2012-01-14T09:26:56.912+00:00

To move Nigeria forward, we must do the following:

· Demand more transparency from the government especially in oil dealings and allocations. Remember the way Okonjo Iweala was publishing the allocations to all tiers of government.

· Demand immediate reduction of the size of this government and its wasteful ways.

· Demand specific prioritized projects which should be tied to the subsidy savings .

· We need to demand same from our state governments, prune down the waste.

· We need to ensure our protest is peaceful and organized to avoid loss of life.

· We need to resist provocation and divisionist tendencies.

· Share additional information online, do not stop the flow of information. The more we know, the better we become.

We need to ask our government what they are gettin...

2012-01-14T09:26:04.269+00:00

We need to ask our government what they are getting paid for. Is it the national pride that we currently enjoy or our infrastructure that is out of this world?

We still have polio in Nigeria in 2012. We have hospitals that are not fit to treat animals. We do not have roads. in the place of roads we have long stretches of death traps designed to keep the population in check through untimely death.

We do not have electricity. We have lost our factories to Ghana. Just a few grumbling manufacturers remain, who are yet to get land in Ghana.

We have lost everything we met on the land. Cocoa, palm oil, groundnuts, cotton, cashew and rubber have been forgotten and are better produced by nations who came to learn from us.

We have lost our moral compass, our society is fractured, our statehood is threatened. Our citizens are in all prisons around the world. Some of them prefer foreign prisons to Nigeria.

Our passport is treated with disdain everywhere you present it.

Why should our Senate Leader earn 600 million naira per annum? Why should our senators earn 30 million naira per month?

Why should our National Assembly gulp 1.2 trillion naira per annum while we try to save 1.4 trillion from subsidy removal ?

Why should our government be this big with special advisers on cassava and beans affairs? Do we need 52 ministers and 36 states?

Do we need a Minister for Water Resources when 95 percent of Nigeria cannot recognize a water faucet? Why would our president spend close to a billion on food while close to eighty percent live on less than a dollar a day?

Why should he budget a billion for generators and diesel when he is urging us to believe in his power sector reform?

Why does our President need 9 private jets? Why do our governors move around with twenty-vehicle convoys ?

Why should our politicians keep their salaries ? Why should we continue to be wasteful when the handwriting on the wall says “danger”?

Why should we believe this government when it says the subsidy gain will be properly reinvested?

Despite our utmost respect for Dr. Christopher Kolade, I have this ominous feeling that he is being set up to be rubbished.

Labaran Maku must be suffering from foot and mouth disease if he really used that cavity to announce 1,600 buses as palliative measure for 170 million people. Lagbus has 500 buses. What impact will that make?

You mean the government of Nigeria needs to subject her citizens to hardship in order to buy 1,600 buses. On the strength of the initial information on how the savings will be invested, given by

Labaran Maku and the minister for Labour, the government is bereft of both ideas and dictionaries!

Despite the fervent uproar that heralded this unpo...

2012-01-14T09:23:10.306+00:00

Despite the fervent uproar that heralded this unpopular government policy, some things have been achieved. What's amazing is the speed at which these two things have been achieved:

First, the truth is coming out concerning the mono-trade that props-up our nation. Veiled behind contrasting facts, figures and extrapolations is the truth. More people have come out with their own versions of the real reason why Nigeria needs to stop a subsidy that should not have existed in the first instance.

Second is that Nigerians have become more perceptive at seeing the big lie that has been sold to them . The government has been a big lie, its policies a poignant reminder of the wickedness of man to man and its appetite for waste compares only to Usain Bolt’s abilities to break his own world records over and over again.

This government has elevated corruption and wasteful spending to a new art form. No stable nation competes with us in this genre, we are record breakers!

This problem of lack of internal capacity to refine crude oil is perennial, just that the politicians took over and devised a clever way of making money from their own incompetence.

The politicians created a class of super rich Nigerians who became cohorts in funding elections and perpetuating corrupt people in government.

How else can you explain the fact that everyone who has donated two hundred million naira to the presidential campaign fund in the past two elections are all major players in the oil sector?

How would they be paid back? SUBSIDY!

People like Aliko Dangote, Femi Otedola and Wale Tinubu all became purse keepers and financiers for the politicians, empowered and capable to provide cash for political conquest.

Some of them barely existed ten years ago!

The politicians neglected the refineries, did not build new ones and created the elaborate scheme of phantom subsidy in order to solve their own problems, not ours!

Femi Otedola’s Zenon and AP owe the Nigerian banking system about 220 billion naira in bad loans that have been taken over by AMCON, yet he did not have stock of petroleum products worth a fraction of that amount.

You can bet he also did not have the cash in his corporate accounts.

More importantly, he could still afford to give the Jonathan/Sambo campaign organization 200 million naira during the election season

These makes for an arresting Hollywood thriller. On all sides, you see subterfuge, greed and corruption. You see institutionalized kleptomania across the value chain, oil marketers, port officials, PPPRA, DPR and bankers who knew the truth and never said it until now!

It is clear that the subsidy scheme was created and executed by the government to enrich their friends and themselves. It means the nation budgeted huge amounts of money which we knew was going to be pocketed by a few people.

Why is the Goodluck government removing the subsidy? Profligacy is not sustainable on the long run! They now want us to pay for their incompetence. It is clear that no official wants to let the truth out of its hiding place. We are broke! Our external reserve is down to 27 billion dollars from 80 billion when Obasanjo handed over.

Our internal debt is 5 trillion naira. External debt is back to 35 billion dollars. Excess crude oil account is down to zero. We are broke yet the only rich people in Nigeria are politicians and some pastors.

Politicians who earn more than every other earthly government and pastors who collect earthly money, lay hands on and promise heavenly bliss to men of shady character.

Some of these super rich pastors are not saying anything now. Some of them are speaking as a matter of expediency. Some of them have private jets with which to fly out of Nigeria. They share that same luxury with the dirty politicians they bless and celebrate with front row seats in their churches.

Nigeria is hot, crowded and noisy. Totems of its c...

2012-01-03T07:59:02.805+00:00

Nigeria is hot, crowded and noisy. Totems of its culture are hard work and armed robbery, doctorates and tribal hatred, family loyalty and fast cars. Its people heap scorn upon themselves as corrupt, inefficient and self-destructive. -

Nigeria: An African Portrait, By Blaine Harden, Washington Post Foreign Service, Sunday, April 26, 1987; A01

"The world should see Nigeria for what it is: the country with the largest concentration of black people on earth and therefore the torchbearer for the black race," says Prince Tony Momoh, a wealthy businessman, influential traditional leader and minister of information in the Nigerian governmemt.

Africa's only Nobel laureate in literature, Wole Soyinka, is a Nigerian. The nation is the continent's fountainhead for music, art, literature and, most recently, hard-nosed economic reform.

Yet the "torchbearer" has a habit of tripping over its own riches and burning itself badly. The oil boom of the 1970s gave Nigeria a $ 100 billion windfall. When the boom ended, the country had an $ 18 billion foreign debt, a population addicted to foreign luxuries and a farm economy that forgot how to grow food.

A generation was weaned on avarice. Corruption hypnotized the national psyche. "Big men" ordered gold bathtubs from Europe and set fire to government buildings that contained records linking them to corruption. Lagos, the port capital, became the world's most expensive city. It became notorious for all-day traffic jams, piracy in the harbor and pandemic bribery. In 1977, as the oil money flooded in, Gen. Olusegun Obasanjo, then head of the military government, said that Nigeria is "a place where people are prepared to destroy anything, to cover up any crime, if doing so promotes their economic interest or might."

Every few months, the voluble Nigerian press explodes in outrage about armed robbery. That happened early this year when the wife of former head of state Gen. Obasanjo, the leader who said his countrymen would commit any crime for money, was shot to death in traffic on a highway in Lagos. Lynda Obasanjo was ordered out of her new Peugeot 505 by four young men with guns. When she failed to move quickly, she was shot several times. She was pulled from the car and left to die in the street. The robbers took the car.

Shortly after the murder, Nigeria's two largest news weeklies ran cover stories on "Murder Incorporated" and "Return of the Assassins." In a front-page story, The Sunday Sketch, a Lagos daily, wrote, "Our society is under siege, its citizens are terrorized and dehumanized. Somebody somewhere should wake up and diffuse this siege before we all go out of our minds."

Disorienting change has been a given in Nigerian life since the country became independent in 1960. Since then, the economy has turned upside down, boomed as no African economy has ever boomed and then fizzled. Oil all but killed off the farm. Farm exports fell from 90 to 3 percent of total export earnings. The world's leading exporter of palm oil and peanuts became one of the world's leading importers of palm oil and peanuts. Oil took over.

"Some years ago we were asking about developing a tourist industry in Nigeria. What a laugh! How will any foreigner in his right mind want to come for vacation in a place like Nigeria? Even those of us born there are always looking for one excuse or another to get out of the place."

Yet, even as they subject themselves and their leaders to withering condemnation, Nigerians have been extraordinarily intolerant of outside criticism or advice.

"Nigerians are not rational," says Tony Momoh, principal spokesman for the military government of Maj. Gen. Ibrahim Babangida. "We would prefer to go hungry to being told what to do. I can't think of any other African country doing such an irrational thing. But there is more to a Nigerian than reasoning."

Nigerian speaker Dimeji Bankole arrested Outgoing ...

2012-01-01T13:06:50.477+00:00

Nigerian speaker Dimeji Bankole arrested
Outgoing speaker arrested by anti-corruption agency on suspicion of fraud after four-hour standoff at his home in Abuja

Nigeria's anti-corruption agency has arrested one of the country's leading politicians on suspicion of defrauding the country, an official said.

Officers arrested outgoing speaker of the house of representatives, Dimeji Bankole, at his home in Abuja on Sunday, after he resisted arrest for more than four hours, said Femi Babafemi, a spokesman for the economic and financial crimes commission.

Babafemi gave no additional details about the allegations facing Bankole, other than to say that he would be held "in custody to enable him to have sufficient time to answer questions on the numerous fraud allegations against him".

Bankole apparently refused several requests by officials to be interviewed.

"An intelligence report ... showed that the former speaker was planning to leave Abuja for Lagos on Sunday evening and thereafter flee the country through an illegal route," a statement from Babafemi read.

It was not immediately clear if Bankole had a lawyer. His spokesman, Idowu Bakare, previously issued a statement saying Bankole "never benefited" from his position, including taking a more than $66m (£40m) loan from United Bank for Africa PLC for his office. That was on top of his annual salary and money already budgeted for his office, which runs into the millions of dollars.

Positions in Nigeria's national assembly are highly lucrative, where even low-ranking members earn more than $1m in salaries and benefits, plus the ability to direct a swollen budget in a nation where billions in oil revenues routinely go missing.

Bankole conceded defeat to an opposition party candidate in Nigeria's April elections, one of a number of prominent politicians who lost their seats in the national assembly.

Many pointed to Bankole's defeat as a sign that Nigeria's elections, typically marred by fraud and thuggery, had improved over the country's 12 years as a democracy. However, ballot-box stuffing and violence dominated later polls, with more than 800 people dying in religious rioting after the presidential election.

Nigeria, one of the top crude oil suppliers to the US, has a long history of corruption, with one officials once estimating the country has lost more than $380bn to corruption since gaining its independence from Britain in 1960. Corruption trickles down from corrupt politicians in Abuja to the lowest police officer shaking down bribes from motorists at one of the country's many traffic checkpoints.

Bankole's detention is the highest profile case in many months for the economic and financial crimes commission, founded by former President Olusegun Obasanjo in 2003. While critics say Obasanjo used the agency to go after his opponents, officers did make major arrests under then-chief Nuhu Ribadu.

After late President Umaru Yar'Adua's administration forced Ribadu out of office in 2008, the agency largely fell quiet. A US diplomatic cable released by WikiLeaks shows diplomats have questioned new agency leader Farida Waziri's preparedness and willingness to take on the country's powerful political elite. Waziri has been slow to prosecute many of the high-ranking politicians once under heavy scrutiny – even after Yar'Adua's death last year.

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2011-12-15T21:08:11.040+00:00

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Impressive post. This is really worth reading. Job...

2011-12-01T05:42:31.926+00:00

Impressive post. This is really worth reading. Job well done!

Um Abraço a todos Nigerianos!

2011-11-01T04:41:35.992+00:00

Um Abraço a todos Nigerianos!

My answer to this is IBB sowed , OBJ watered and s...

2011-10-29T02:21:20.265+01:00

My answer to this is IBB sowed , OBJ watered and satan gave the increase!