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Showing posts from November, 2024

₦‎17 Trillion Abandoned Projects Debacle - Punch Editorial - Politics

 FOR years, Nigeria has become a vault of abandoned projects, big and small. The abandoned projects scattered across Nigeria have exacerbated the country’s chequered infrastructure development trajectory. Contrary to the lofty promises accompanying many of the now-abandoned projects, the remains are monuments of shame and wasted resources. This is a testament to Nigeria’s perennial underdevelopment. The Chartered Institute of Project Managers of Nigeria says the total value of abandoned projects in Nigeria is N17 trillion. This is obvious. The CIPMN registrar, Henry Mbadiwe, listed poor project planning, poor budgetary allocation, an inefficient legal system, corruption, and weak institutions as reasons for this. A committee set up by former President Goodluck Jonathan in 2011 said that about 63 per cent of the projects initiated after Nigeria’s independence had been abandoned. The committee uncovered that the Federal Government abandoned 11,866 projects. The Nigerian Inst

Equatorial Guinea Official Arrested Over 400 Sextapes With VIPs’ Wives, Relative - Foreign Affairs

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  Baltasar Engonga, the Director General of the National Financial Investigation Agency in Equatorial Guinea, has been arrested following a shocking revelation of over 400 sextapes reportedly involving the wives of prominent figures in the country, News360 Nigeria obtains report. Engonga, 54, came under investigation for fraud, leading to an unannounced search of his residence and office, where officials discovered numerous CDs containing recordings of his alleged sexual encounters. The tapes reportedly feature encounters with high-profile individuals, including relatives and wives of government officials, such as the sister of the President, the wife of the Director General of Police, and spouses of approximately 20 ministers. Local media outlet Ahora EG revealed that the recordings were reportedly made with consent, but their recent leak has caused a media uproar, marking one of the most scandalous revelations in Equatorial Guinea’s history. The former ANIF DG better k