Nicholas Ibekwe

Posts by Nicholas Ibekwe:

Joseph-Arumemi-Ikhide

Paradise Papers: Inside the complex offshore world of Arik Air founder, Arumemi-Ikhide

Joseph Arumemi-Ikhide, the founder of Nigeria’s biggest commercial airline, Arik Air, is perhaps the country’s most prolific user of offshore entities. Mr Arumemi-Ikhide, alongside his wife, Mary, owns and maintains an intricate network of shell companies scattered across notorious tax havens, PREMIUM TIMES can report. The revelation was brought to…

Aliko Dangote

Paradise Papers: Huge chunk of Dangote’s fortune now kept in tax haven

Africa’s richest man, Aliko Dangote, is no stranger to using shell companies in offshore tax havens. The influential industrialist is one of the prominent figures around the world whose names popped up in the infamous #PanamaPapers database as having links with shell companies in notorious tax havens. Documents from the…

Chicken market [Photo taken by Umar Isa Ladu]

INVESTIGATION: Europe in Africa: The Price of Partnerships

“On the entry into force of this Agreement, all prohibitions or restrictions on imports or exports affecting trade between the two Parties shall be eliminated, with the exception of the customs duties and taxes and the fees and other charges...implemented through quotas, import or export licensing or other measures. No…

Azura Edo Power Plant

How Nigeria’s largest Independent Power Plant is set up to funnel billions to tax haven

Nigeria’s largest independent power plant (IPP), Azura Edo Power Plant, is a huge suction pipe set up to siphon millions of tax-free dollars through a network of Mauritius-incorporated offshore shell companies to a number of trusts and private equity firms, an investigation by PREMIUM TIMES and the International Consortium of…

Godwin Emefiele, CBN Governor

Violating laws, CBN Governor Emefiele illegally operates secret companies in tax havens

The Governor of the Central Bank of Nigeria, Godwin Emefiele, had stakes in at least three companies in offshore tax havens, and, by his own admission, illegally remained connected to at least one of them until July 2017, while also holding on to his top CBN job, an investigation by…

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Intels apologises to NPA, promises to obey Nigerian govt

Members of House of Representatives have been left with eggs on their faces after the majority shareholder of maritime logistics company, Intels Nigeria Limited, Gabriele Volpi, apologised to the Nigerian Ports Authority (NPA) and the Nigeria government over the crisis that led to termination of the company’s pilotage agreement. The…

Federal_High_Court

ANALYSIS: The controversial Nigerian laws public officials use to go after social media users, critics

In March, a judge in Katsina State sentenced Gambo Saeed of Muduru village in Mani Local Government Area to nine months imprisonment for insulting and defaming the state governor, Aminu Masari, on social media.   Isa Liti, a police prosecutor, told the court that Mr. Saeed was arrested and charged after a…

LASU-Entrance

How endless internal squabbles led to dismissal, demotion of 15 lecturers in LASU

On September 8, the management of the Lagos State University, LASU, announced the dismissal of 15 academics, two non-academic staff members and the demotion of two other lecturers for various acts of misconduct. The university's governing council stated that the decision to sack the lecturers was reached after the reports…

hate-speech

ANALYSIS: The challenge of tackling ‘hate speech’ on Nigerian radio, television

Worried by the increase in hate speeches in the country, the Nigerian government directed the National Broadcasting Commission, NBC, which regulates the electronic media in the country, not to spare radio and television stations found culpable. Speaking during the 3rd Annual Lecture Series of the NBC in August, the Minister…

Air Peace

Air Peace passengers who raised safety concerns charged to court for unruly behaviour

At least three passengers abroad an Air Peace 6:30 p.m. flight to Abuja from Lagos on Monday were arrested and charged to court for alleged unruly behaviour and for obstructing the operations of the airline. One of the arrested passengers, Oluwaseun Akinfolarin, told PREMIUM TIMES that trouble started after he…

Kenyatta

CDD berates Kenyatta for attack on Judiciary, warns Kenyan politicians against incendiary comments

The Centre for Democracy and Development, CDD,, a think tank dedicated to the sustainability of democracy and development in West Africa has berated the Kenyan president, Uhuru Kenyatta, for verbal attack on judges who nullified the country's August 8, 2017 presidential election. On September 1, a panel of Kenya's Supreme…

Muslim men protest against what they say is the persecution of the Rohingya Muslim minority in Myanmar, outside of Myanmar's embassy in Jakarta, Indonesia September 6, 2017.   REUTERS/Darren Whiteside

Nigeria’s leading Islamic coalition condemns violence against Rohingya Muslims

The Nigerian Supreme Council for Islamic Affairs, NSCIA, has condemned the killings and persecution of Rohingya Muslims in Myanmar, formerly known as Burma. In a statement by its deputy secretary-general, Salisu Shehu, on Friday, the NSCIA, the highest decision-making body for Muslims in Nigeria, said it was “shocked and distressed…

Former president Goodluck Jonathan campaigning. Pic used to illustrate the story.

PR firm that handled Jonathan’s failed re-election campaign banned in South Africa

Bell Pottinger, a Public Relation firm that handled the failed 2015 re-election campaign of immediate past president, Goodluck Jonathan, has been blacklisted by the Public Relations and Communications Association, PRCA, of South Africa. During the 2015 presidential election campaign, a poll by Bell Pottinger, which put then opposition candidate, Muhammadu…

Gov. Obiano

How Anambra governorship election will be decided – Report

Godfatherism, power rotation, the agitation for the breakaway state of Biafra and intra-party disagreements are some of the key issues that will determine the governorship election in Anambra State in November, a study by the Centre for Democracy and Development, a not-for-profit research and advocacy group has revealed. Governorship elections…

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SPECIAL REPORT: Livelihood of Lagos fishing community cut off by govt’s land reclamation project

For more than two months, the 376 households (about 2050 people) of Ago-Egun, a fishing community outside Bariga, a sprawling town in Lagos have had their means of livelihood cut off. Their fishing canoes sit on the shallow shores as the men of the community wander around unable to sail…

Turkish Airlines

How Turkish Airline mistreated me because I was headed to Nigeria – Indian National

An Indian National has accused Turkish Airline of discriminating against him because he was travelling to Nigeria and because of his nationality. The passenger (his name was not audible in the recording) who narrated his experience in an audio recording shared via messaging app, WhatsApp, claimed he was a Business…

Donald Trump

Trump removes Nigerian-born Ogunlesi, others as advisers

Adebayo Ogunlesi, the Nigerian-born businessman, has been removed as an economic adviser to controversial United State president, Donald Trump. Mr. Ogunlesi, an executive at U.S. Equity firm, Goldman Sachs, was appointed a member of Mr. Trump’s Strategic and Policy Forum last December alongside other top business executives such as Elon…

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95% of Nigerians indulge in bribery – NBS

An overwhelming percentage of Nigerians will accept a bribe when offered or pay a bribe when demanded the Nigerian Corruption Survey 2017 published by the National Bureau for Statistics (NBS) has revealed. The survey published on Wednesday showed that only 5.3 per cent of Nigerians will either refuse to pay…

Kenyatta

Obasanjo congratulates Kenyatta on election victory

Former Nigerian President, Olusegun Obasanjo, has written to congratulate Uhuru Kenyatta on his re-election as the president of Kenya. Mr Obasanjo's letter, dated August 12, 2017, noted that last Tuesday's election in the East African country is not devoid of “some elements of push and pull” associated with recent elections…

American fighter plane used to illustrate the story [Photo: Pinterest]

U.S. approves sale of N219 billion attack planes to Nigeria

The United State government has approved the sale of 12 high-tech attack aircraft worth N219 billion ($600 million) to Nigeria’s Air Force for the fight against the violent extremist group, Boko Haram, White House officials briefed on the matter told the Associated Press. President Donald Trump has pushed forward plan…

SSS operatives

Animosity among Nigeria’s security agencies hampering fight against Boko Haram – U.S.

The animosity between Nigeria’s security agencies and their unwillingness to share intelligence are hampering effort at effectively combating the Boko Haram insurgency in the country's North-east, the United States government has stated. It stated this in the Country Report on Terrorism 2016 published by the US Department of State’s Bureau…

Prime Minister Nawaz Sharif

Pakistan’s prime minister forced to resign over Panama Papers

Pakistani prime minister, Nawaz Sharif, has been forced to resign from office after the country’s Supreme Court declared him unworthy of occupying the country’s highest political office following a probe into his family’s wealth revealed in the Panama Papers Leak of 2015. The Panama Papers leak is a series of…

The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas in this April 6, 2012 file photo. Halliburton Co said October 17, 2012 that its third-quarter profit fell due to inflated raw material costs and a slowdown in U.S. drilling, which showed no signs of picking up as many clients' budgets for the year were already spent.   REUTERS/Richard Carson/Files    (UNITED STATES - Tags: BUSINESS LOGO ENERGY)

Halliburton, which bribed Nigerian officials, agrees to pay $29.2 million for bribing Angolan officials

The United States oil energy contractor, Halliburton, on Thursday agreed to pay a fine of $29.2 million imposed on it by the country’s Securities and Exchange Commission (SEC) for bribing Angolan officials to obtain a series of deals. The SEC announced that the company violated the sections of the Foreign…

SSS operatives

SSS warns ICPC, others against using name for ‘illegal’ operations

The State Security Service, SSS, has warned the Independent Corrupt Practices and other related Offences Commission, ICPC, and other security agencies to desist from using its name in “illegal security operations”. The SSS in a statement on Thursday signed by its spokesperson, Tony Opuiyo, said the agency noted with “dismay…

Kola Aluko

Auction of Diezani ally, Kola Aluko’s N16 billion New York apartment suspended

Wednesday’s auction of Apartment 79, a N16 billion ($50 million) penthouse in One57, one of New York City’s most expensive residential buildings, owned by fugitive Nigerian energy businessman, Kola Aluko, has been suspended. The sale was halted after a debt collecting firm, Campion Maverick Inc. filed a suit at a federal…