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Shocking Revelation: Moghalu Accuses Nigeria’s Economy Of Being At ‘Wealth Machine’ For The Few

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Shocking Revelation: Moghalu Accuses Nigeria’s Economy Of Being At ‘Wealth Machine’ For The FewProfessor Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria (CBN), has criticized Nigeria’s economy for favoring only the wealthy while neglecting the poor. Moghalu’s comments highlight concerns over the recent dispute between Aliko Dangote, President of the Dangote Group, and the Nigerian National Petroleum Company Limited (NNPCL) regarding the Dangote Refinery. He argues that this situation underscores the government’s failure to create an economy that benefits all citizens.....KINDLY READ THE FULL STORY HERE▶

In a statement on his X handle, Moghalu expressed dismay at the pervasive influence of vested interests and corrupt ties between government officials and businesses, which he believes have led to economic failures. He stated, “The NNPCL and Aliko Dangote saga is a stark example of how successive Nigerian governments have failed to develop an economy that generates wealth for its people. Our economy seems designed to enrich a select few while the majority of Nigerians continue to suffer.”

Moghalu criticized the lack of effective economic policies that could support smaller businesses and foster a thriving economy akin to that of South Korea. He also condemned the government’s inability to create a fair and competitive business environment, which he believes stifles wealth creation and perpetuates corruption and incompetence.

The President of the Institute for Governance and Economic Transformation, Africa, warned that the ongoing issues surrounding the Dangote Refinery could deter foreign investors, further portraying Nigeria as a risky business environment. He called for more selfless and capable leaders to drive genuine economic progress, warning that without such leadership, the country’s economic prospects remain bleak.

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“The Truth Finally Out: How Peter Obi Shocked Critics By Leaving ₦86.6 Billion Behind In Anambra!”

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Oseloka Obaze, a former Secretary to the Anambra State Government, has stated that former governor Peter Obi left ₦86.6 billion in the state treasury when he handed over power in 2014. Obaze, who served under Obi from 2006 to 2014, made this revelation in a post on X amid ongoing controversies regarding the financial records inherited by successive administrations.....KINDLY READ THE FULL STORY HERE▶

Obaze noted that he was personally present on March 17, 2014, when Obi officially handed over financial documents and the Handover Report to his successor, Willie Obiano. According to him, Obiano received and signed an acknowledgment copy of the letter, which included certified bank statements detailing the state’s assets and liabilities.

Past Debates and Public Corroboration

Recalling the 2017 Anambra governorship debate organized by Channels Television, Obaze mentioned that he challenged Obiano—a certified accountant and auditor—on national television for later expressing reservations about the funds after formally signing off on the handover documents. Following this, Obiano publicly acknowledged that certain funds were left behind, though he questioned the rationale of saving money instead of executing projects.

Obaze also referenced remarks from former Taraba State Governor Darius Ishaku, noting that Obiano once told the Nigerian Press Corps that Obi left substantial funds used to finance the construction of the Anambra Airport at Umueri. Additionally, he cited comments from Abia State Governor Alex Otti, a former banker, as further public validation of the financial legacy.

Expressing confusion over why the records remain a subject of dispute under the current administration, Obaze concluded: “If Governor Obiano… would eventually acknowledge, implicitly and explicit, that Governor Peter Obi indeed left the stipulated funds; a fact that was also publicly corroborated by Governor Alex Otti… what then, one may ask, is the beef and grouse of the incumbent Anambra State Government?”

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“The Internet Never Forgets: How An 11-Year-Old Tweet Cost Blaqbonez A Major Young Jonn Feature”

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Music producer-turned-singer Young Jonn turned down a collaboration offer from rapper Blaqbonez after unearthing a resurfaced 2015 post where the rapper stated a preference for DJ Coublon over him.....KINDLY READ THE FULL STORY HERE▶

The exchange began when Young Jonn posted on social media: “I need like 5 bad friends way we go dey move in bulk!”

Blaqbonez quickly expressed interest in linking up, replying, “Oya, make we dey together, sing as one.”

Instead of accepting, Young Jonn posted a screenshot of the old tweet showing Blaqbonez’s historical preference and clapped back: “Go sing as one with Coublon.”

In his defense, Blaqbonez denied writing the post himself, claiming it was the work of his social media handler back in 2015.

Why Peter Okoye Changed His Birthday Away From Twin Brother Paul

In other entertainment news, Nigerian singer Peter Okoye has explained his decision to shift his birthday celebration from November 18 to November 30.

Speaking on the Capital XTRA Podcast, Peter revealed that his shared birthday with his twin brother, Paul, had become one of the worst days of his life over the past 13 years due to toxic family dynamics and tension.

He alleged that visitors would frequently go to Paul’s house to gossip about him before visiting him, making the shared occasion deeply uncomfortable. “I wish I could change it on my documents and passport,” Peter stated.

This development highlights the ongoing strain between the twin brothers, who initially split in 2017, briefly reunited in 2021, and parted ways again in 2024.

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“World Cup Panic: NFF Fires Back At Reports Claiming Falconets Refused To Train Over Unpaid Bonuses!”

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The Nigeria Football Federation (NFF) has strongly refuted claims that the Falconets planned to boycott training ahead of their 2026 FIFA U-20 Women’s World Cup quarter-final match against Colombia. While rumors suggested players were considering a training strike, the NFF dismissed the reports as entirely false and affirmed the team’s full focus.....KINDLY READ THE FULL STORY HERE▶

  • “Reports in a section of the media that the Falconets are planning to boycott training are an absolute falsehood,” the NFF stated.

  • “The girls are now heading to training for their last session before tomorrow’s match against Colombia.”

The Falconets advanced to the quarter-finals following a dominant 3-0 victory over England in the Round of 16. They are set to face Colombia at Stadion Miejski ŁKS in Łódź, with a semi-final spot on the line.

Squad Brilliance and Super Falcons Prospects

Reflecting on the tournament, head coach Moses Aduku expressed confidence that several players possess the talent to eventually transition into the senior national team, the Super Falcons.

Key performances have propelled Nigeria’s run:

  • Captain Christianah Uzoma delivered a crucial performance against England, saving a 33rd-minute penalty by Rachel Maltby to secure the team’s place in the last eight.

  • Winner Onajite David and Ramotalahi Kareem have spearheaded the attack, netting three goals each.

  • Janet Akekoromowei, Tosin Rafiu, and Rebecca Adegbemile have each contributed two goals to the campaign.

Emphasizing the importance of the tournament for player development, Aduku told FIFA, “I think the girls are doing well. We need to do more. There is going to be a transition to the senior national team from this junior side. So they really need to apply themselves.”

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