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Showing posts from August, 2012

5000 DEVALUATION MADNESS

5000 DEVALUATION MADNESS By Tola Adeniyi Mallam Lamido Sanusi Lamido, the Governor of Central Bank, is a first class brain. He is intelligent, highly cerebral and hugely eloquent. But the affairs of the apex bank of a country should not be left to the whims and caprices of a Robin Crusoe.!   Only God can tell what exactly went into the riotous and roaring mind of Mallam Sanusi forcing him to conjure a crazy idea of imposing a 5000 Naira note on Nigerians while his masters in Britain still hang on to their 50 Pound note as their highest denomination and Canada and the US would never foolishly go beyond their 100 Dollar highest denomination!   What is the compelling reason to make currency change in whatever form a priority now that our economy is crumbling in the face of the existing choking devaluation and resultant inflation?   How does Sanusi want to combine and confuse Cashless policy with printing huge cash?   Why does anybody want to kill this co...

Al-Mustapha's marriage with Boko Haram - The inside details

Al-Mustapha's marriage with Boko Haram - The inside details Written by By Lasisi Olagunju, General Editor Friday, February 3, 2012 A foreign journalist who witnessed one of the trial sessions of Major Hamza Al-Mustapha, ex- Chief Security Officer (CSO) to late General Sani Abacha, was exasperated at the deep divisions in the Nigerian polity. He wondered how a man accused of committing murder of a prominent woman would be treated as a folk hero by a part of the country represented by a section of the crowd in the court premises. Members of Al-Mustapha's special hit squad at the end of their training in Pyongyang, North Korea. Seated 5th from left is Sergeant Barnabas Mshelia (aka Sergeant Rogers), who shot and killed Alhaja Kudirat Abiola on 4 June, 1996. His description of the scene was gripping: "As a convoy of security trucks roared away, the crowd rushed forward, pressing their hands and faces against the barred windows of the van holding Major Al-...

Al-Mustapha's marriage with Boko Haram - The inside details

Al-Mustapha's marriage with Boko Haram - The inside details Written by By Lasisi Olagunju, General Editor Friday, February 3, 2012 A foreign journalist who witnessed one of the trial sessions of Major Hamza Al-Mustapha, ex- Chief Security Officer (CSO) to late General Sani Abacha, was exasperated at the deep divisions in the Nigerian polity. He wondered how a man accused of committing murder of a prominent woman would be treated as a folk hero by a part of the country represented by a section of the crowd in the court premises. Members of Al-Mustapha's special hit squad at the end of their training in Pyongyang, North Korea. Seated 5th from left is Sergeant Barnabas Mshelia (aka Sergeant Rogers), who shot and killed Alhaja Kudirat Abiola on 4 June, 1996. His description of the scene was gripping: "As a convoy of security trucks roared away, the crowd rushed forward, pressing their hands and faces against the barred windows of the van holding Major Al-...