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Democracy or Kleptocracy? See the Trillions stolen in the last 17yrs

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  Over N39tn lost in the country’s economy, crude oil theft, official corruption and electoral campaign funding were responsible for a larger percentage of the loss. The exchange rate of N130 to a dollar was used in the conversion of funds under the Obasanjo-led administration while N150 was adopted for those under the Jonathan-led administration, being the average official rates during the tenures. N3tn – NNPC, NPDC unremitted funds Former Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, now the Emir of Kano, Alhaji Muhammadu Sanusi II, had written former President Goodluck Jonathan, accusing the Nigeria National Petroleum Corporation of failing to account for $49bn revenue, which should have been remitted to the Federation Account. He recently said the corporation could only account for $29bn of the ‘missing’ fund. He said some oil companies paid taxes and royalties in oil, and the NNPC sold this oil on behalf of FIRS. “No reasonable explanation for $20bn (NNPC);...
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UK resumes work, study visa applications processing in Nigeria

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The United Kingdom has resumed work and study visa applications processing in Nigeria. This was contained in a post by UKinNigeria on its social media handles on Wednesday. In the post, Nigerians were urged to proceed to the UK visa application centres for the Priority Visa Services. “From January 24, TLS will resume offering some Priority Visa (PV) Services in our Nigerian visa application centres. PV services will only be available to customers applying at VACs in Nigeria in work and study routes. These services will only be available via the TLS website and can be purchased when making a VAC appointment,” the post read. The British High Commission had on December 6, 2021, suspended visa applications from red list countries, including Nigeria. “To support the UK Government’s aim to protect public health from COVID-19 and associated variants of concern, UK Visas & Immigration will pause making decisions on visitor visa applications in all red list countries, including Nigeria, unt...
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