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SHOCKING: Nigeria join four other countries on World Bank debtors’ list …accumulates $1.3bn IDA debt within a fiscal year, debt different from outstanding loan of $486m from World Bank’s International Bank for Reconstruction and Development *Rated fifth on World Bank list with $11.7bn IDA debt stock in Fiscal Year 2021 *“Nigeria’s debt remains sustainable, albeit vulnerable and costly, especially due to large and growing financing from the Central Bank of Nigeria”-World Bank *BY ABAYOMI OLUSEGUN/ECONOMY Correspondent, Abuja

SHOCKING: Nigeria join four other countries on World Bank debtors’ list …accumulates $1.3bn IDA debt within a fiscal year, debt different from outstanding loan of $486m from World Bank’s International Bank for Reconstruction and Development  *Rated...

American Jury indicts Nigerian Couple for fraudulently receiving $76,000 in a Real Estate Scam-United States Secret Service … Suspects: Caesar Oruade, Ayana Saunders convicted of wire fraud conspiracy and conspiracy to launder money *Wife receives fund in United States, wires same to husband bank account in Nigeria, lied to American bankers money came from ‘investors’ who were funding the making of Nigerian films through suspects’ production company *“In May 2017, a computer intrusion at a real estate company resulted in a Memphis woman’s $76,000 payment on a home purchase being diverted to the bank account of California resident Jeffrey Cranford. Agents investigating the case followed the money and found that the $76,000 had been ‘chopped’ and sent to several other U.S. bank account holders before ultimately being wired to an account in Nigeria”-FBI *BY GEORGE ELIJAH OTUMU/AMERICAN Senior Investigative Editor

American Jury indicts Nigerian Couple for fraudulently receiving $76,000 in a Real Estate Scam-United States Secret Service … Suspects: Caesar Oruade, Ayana Saunders convicted of wire fraud conspiracy and conspiracy to launder money *Wife...

SOLAR POWER SCANDAL: Nigeria’s Disgraced First elected Woman Ex-Speaker, PATRICIA ETTEH begs EFCC for mercy after converting N130million cash into personal use, pilfers fund from Akwa Ibom electrification contract … confess: ‘Please forgive me, I am ready to cooperate, I honestly don’t remember how I misplaced the NDDC money in my personal account then’ *“Our commission’s special duties unit is grilling ex-Speaker of Nigeria’s House of Representatives, Patricia Etteh for her alleged involvement in a solar power electrification scam in Akwa Ibom State worth N240 million. The former speaker received N130m through her personal account. The contract was awarded by the Niger Delta Development Commission. She is still in our custody”-EFCC *BY LATEEFAT IBRAHIM/CRIME Correspondent, Abuja

SOLAR POWER SCANDAL: Nigeria’s Disgraced First elected Woman Ex-Speaker, PATRICIA ETTEH begs EFCC for mercy after converting N130million cash into personal use, pilfers fund from Akwa Ibom electrification contract … confess: ‘Please forgive...

Breaking NEWS: AFRICA’S Richest Billionaire, ALIKO DANGOTE financially broke, seeking to borrow $1.1 billion (900 billion Naira) for Refinery Project -Fitch, world’s biggest global rating agency … Already exhaust all cash in other projects, funds loaned Dangote Group of Companies not enough to finance Refinery Complex completion by 2023, can only raise fund through sale of Dangote Cement bonds *‘Dangote Industries suffering from weak corporate governance. It is a risk for Aliko Dangote to remain largest shareholder and CEO of the project who already has a lot of power over operations’ *“In the report, Fitch said: “Dangote Industries Limited has a complex group structure with a large amount of related-party transactions, with a negative effect on operational and financial transparency. We also view the dominance of Aliko Dangote, as CEO and the main shareholder, in operations as an additional risk” *BY SAMSON SHOAGA/MANAGING EDITOR, London & BY AHMED NURENI/ GROUP BUSINESS Editor, Abuja

Breaking NEWS: AFRICA’S Richest Billionaire, ALIKO DANGOTE financially broke, seeking to borrow $1.1 billion (900 billion Naira) for Refinery Project–Fitch, world’s biggest global rating agency … Already exhaust all cash in other...

Russia WAR in Ukraine would cause Hunger, more Poverty, Unaffordable Food Prices, Riots in Nigeria; Ghana, South Africa, other 32 African countries -NGOZI OKONJO Iweala, Director General, World Trade Organization *‘Knock-on effects of Russia’s invasion results in the dependence of many African countries on food supplies from the Black Sea region’ *“I think we should all be very worried. The impact on food prices and hunger this year and next could be substantial. Food and energy are the two biggest items in the consumption baskets of poor people all over the world. It is poor countries and poor people within poor countries that will suffer the most”-OKONJO *BY SERI OBADARE/BUSINESS Writer, Europe

Russia WAR in Ukraine would cause Hunger, more Poverty, Unaffordable Food Prices, Riots in Nigeria; Ghana, South Africa, other 32 African countries-NGOZI OKONJO Iweala, Director General, World Trade Organization *‘Knock-on effects of Russia’s...

DAMNING REPORT: NIGERIA Ranks Second Most Corrupt Country in West Africa -Transparency International … ‘100 powerful Nigerians exposed as having used anonymous companies to buy properties worth £350 million in the United Kingdom alone’, Panama Papers document *Borrowed US$11.7 billion from WORLD BANK’S International Development Association *‘Nigeria’s DEBT to China is N32.9 trillion ($86.3 billion)-Debt Management Office DEBT Breakdown: N12.7 trillion ($33.3 billion) in external debt contracted by federal government, N20.2 trillion ($53 billion) in domestic debt, involving bank loans, of this fund the Nigerian government still owed extra N16 trillion ($42 billion), while balance are loans collected by the state governments and the federal capital territory *BY AHMED LUUKMAN/SPECIAL Anti-Money Laundering Reporter

DAMNING REPORT: NIGERIA Ranks Second Most Corrupt Country in West Africa -Transparency International … ‘100 powerful Nigerians exposed as having used anonymous companies to buy properties worth £350 million in the United Kingdom alone’,...

DISGRACEFUL: Brazil resident Nigerian, NNAKEANYI CHUKWUKA KING arrested for smuggling 40 parcels of Cocaine hidden inside body cream at Lagos Airport, blames the Devil …Suspect intercepted during the inward clearance of passengers at the E-Arrival Hall of the Murtala Muhammed International Airport *NDLEA apprehend two other Nigerians at NAHCO EXport Shed of airport: Rafiu Abbas had a cargo containing 19.15kg cannabis going to London disguised as ‘African dishes’, Vincent Obimma, a 63-year-old man holding 350grams of cocaine and 150grams of heroin, drugs directed at Kano State *BY FELICIA TIMENOM/Anti-drug Reporter, Lagos

DISGRACEFUL: Brazil resident Nigerian, NNAKEANYI CHUKWUKA KING arrested for smuggling 40 parcels of Cocaine hidden inside body cream at Lagos Airport, blames the Devil  …Suspect intercepted during the inward clearance of passengers at the...

Breaking News: United States DEA agents handcuff British Virgin Islands Head of Government, ANDREW ALTURO FAHIE, one other for smuggling Cocaine into America, conspiring to launder money …embattled premier claim immunity when taken into custody, saying: ‘I am demanding my immediate release from US custody. I am immune from prosecution on cocaine-smuggling charges since I am an elected constitutional head of government of the British overseas territory’ *Hidden camera record suspects at South Florida airport ready to meet Mexican drug traffickers to see a shipment of $700,000 in cash that officials expected to receive for helping to smuggle cocaine from Colombia to Miami and New York *”Anyone involved with bringing dangerous drugs into the United States will be held accountable, no matter their position. Today is yet another example of DEA’s resolve to hold corrupt members of government responsible for using their positions of power to provide a safe haven for drug traffickers and money launderers in exchange for their own financial and political gain”-DEA Administrator, Anne Milgram *BY GEORGE ELIJAH OTUMU/AMERICAN Senior Investigative Editor

Breaking News: United States DEA agents handcuff British Virgin Islands Head of Government, ANDREW ALTURO FAHIE, one other for smuggling Cocaine into America, conspiring to launder money …embattled premier claim immunity when taken into custody,...

Great FEAT: Nigerian born Naturalized British, ELEMCHI NWOSU appointed International Trade Advisor to United Kingdom Govt…expected to maximize commercial opportunities between Britain and Africa, to bridge cross-cultural knowledge gaps, facilitate improved partnerships with African countries *Worked with UK Department for International Development, European Commission, United Nation agencies, World Bank and private sector in developing countries *Successfully performed as economic development leader managed over 20 multi-donor projects across Africa countries including: Nigeria, Ghana, Burkina Faso and Rwanda, with an average portfolio size of £12 million *Expertise in resource mobilization facilitates trade and investment ties in emerging markets *“I am on a ‘made in Africa’ mission. I aspire to see more products on our shelves that say, made in Rwanda, made in Zambia, made in Nigeria, and for Africa to be a highly sought after, well-respected trading partner to the world”-NWOSU *BY KEN OLAWALE/BUSINESS Correspondent, UK

Great FEAT: Nigerian born  Naturalized British, ELEMCHI NWOSU appointed International Trade Advisor to United Kingdom Govt…expected to maximize commercial opportunities between Britain and Africa, to bridge cross-cultural knowledge gaps,...

Exclusive Interview: USAID introduces $5million Fellowship Fund to empower Women in NIGERIA, Zambia, Malawi -Dr SUSAN Kaari, Director of Award *Creating immediate opportunity for capable African women in agriculture, skills acquisition to lead policy changes, promote a more inclusive, gender-equitable agro-food system transformation *Fellowship part of over $10 billion investment announced by the United States at the United Nation Food Systems Summit *Ideal candidates are women working in agriculture, food systems with an interest in policy making, demonstrate rich knowledge in leadership role in policy development and implementation for agricultural development, food systems, and gender equality *GEORGE ELIJAH OTUMU, AMERICAN Senior Investigative Editor

Exclusive Interview: USAID introduces $5million Fellowship Fund to empower Women in NIGERIA, Zambia, Malawi -Dr SUSAN Kaari, Director of Award *Creating  immediate opportunity for capable African women in agriculture, skills acquisition to...