A Central Bank audit has uncovered evidence of fraud and mismanagement
which implicates some leading politicians and their business partners
Like a family of latter day Medicis, Nigeria's top bankers have been prospering thanks to their acute political instincts and abilities to exploit their dominance in a tightly controlled market; now it seems that some, again like the Medicis, have overreached themselves. The unruly political system they tried to influence has at last turned on them. The consequences for Nigeria's economy and politics will extend far beyond the careers of the half-dozen bankers helping police with their inquiries and the multi-billion dollar institutions they helped create.
The surrender of about 1,000 militants in the Niger Delta was superbly choreographed. With hundreds of guns behind him, Ebikabowei Victor Ben - better known as 'General Boyloaf '- ...
Facing a downturn and needing an oil strategy, President Mills
picks his own experts
For his Council of Economic Advisors, President John Atta Mills has picked a team with wide experience of Western financial and academic institutions. They are academics, more used...