Wednesday , 22 May 2019
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Tag Archives: abuja

Nasty Nas el-Rufai shows ignorance is no barrier in Nigeria

The Kaduna State governor Nasir el-Rufai has attacked the Central Bank’s 14% lending rate for contributing to economic decline. “We have a Central Bank that has an MPR [Monetary Policy Rate – lending rate to banks] at — what? — 14% and banks lending at 20%. Only traders and drug dealers can make money at this interest rate. “I have …

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Patience Jonathan’s Abuja land grab

The former First Lady, Patience Jonathan, is said to own vast tracts of land across Abuja. She allegedly used a front company called River Park Estate to seize many undeveloped areas in the “satellite towns” or suburbs around the Nigerian capital when her husband Goodluck Jonathan was president. Those areas include Lugbe, Kubwa, Mpape districts and areas on the road …

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