LAGOS MAY 30TH (NEWSRANGERS)-The US and the African Development Bank have fallen out over allegations of corruption against the bank’s Nigerian head, writes former BBC Africa Business editor Larry Madowo. Akinwumi Adesina is a sharp dresser known for his expensive tailored suits, immaculate white shirts and an endless supply of colourful bow ties. But the…
LAGOS MAY 28TH (NEWSRANGERS)-Protesters clashed with riot police firing tear gas for a second night in Minneapolis on Wednesday in an outpouring of rage over the death of a black man seen in a widely circulated video growing limp and lifeless as a white officer knelt on his neck. The video, taken by an onlooker…
LAGOS MAY 18TH (NEWSRANGERS)-There has been a “sharp decline” in the number of coronavirus patients in Tanzania’s hospitals, the president said, four days after the US embassy in the country reported that many hospitals had been “overwhelmed”. John Magufuli was speaking to an applauding church congregation when he said: “God has answered your prayers.” In…
LAGOS MAY 7TH (NEWSRANGERS)-Barely a week after helping to repatriate $311m (N118bn) stolen by the late Head of State, Gen. Sani Abacha, the United States says there is a separate $319m (N121bn) Abacha loot in the United Kingdom and France. The US Embassy in Nigeria said in a statement on Wednesday that there is $167m…
LAGOS MAY 5TH (NEWSRANGERS)-Chairman of the Presidential Advisory Committee against Corruption, Prof Itse Sagay (SAN), has reacted to the return of $300m looted by the late dictator, Sani Abacha. Attorney-General of the Federation and Minister of Justice, Abubakar Malami, confirmed the return of the looted funds on Monday in a statement by his Special Assistant…
LAGOS MAY 5TH (NEWSRANGERS)-The United States government yesterday issued a stern warning to the Muhammadu Buhari administration against any attempt to divert the $308 million to be repatriated from looted funds by former military dictator, the late General Sani Abacha, to help the fight against the deadly coronavirus, instead of expending the funds on the…
LAGOS APRIL 24TH (NEWSRANGERS) -Missouri became the first state to sue the Chinese government, citing “an appalling campaign of deceit” related to the coronavirus pandemic. The civil lawsuit was filed Tuesday in federal court by GOP state Attorney General Eric Schmitt, claiming Chinese officials are “responsible for the enormous death, suffering, and economic losses they inflicted on the world,…
LAGOS APRIL 21S (NEWSRANGERS)-U.S. oil prices plummeted in historic fashion Monday, crashing below zero as traders unloaded positions ahead of the May contract’s Tuesday expiration. West Texas Intermediate crude oil futures for May delivery cratered by 305 percent to -$36.73 a barrel. At a price below zero, buyers would be paid to take delivery as there are costs…