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Shocking Revelation: Moghalu Accuses Nigeria’s Economy Of Being At ‘Wealth Machine’ For The Few
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.
Collins Ajereh, veteran entertainment figure and father of producer Don Jazzy, recently shared a heartfelt prayer and throwback Instagram photo from 2015 for Peter Okoye, his wife Lola Omotayo-Okoye, and the broader Okoye family amid their ongoing P-Square feud.....KINDLY READ THE FULL STORY HERE▶
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Emotional Plea: Expressing deep sadness and emotion as a father, Ajereh emphasized his enduring love and concern for their well-being, focusing heavily on themes of patience, endurance, and family unity.
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Call for Healing: He prayed that time would heal the wounds, asking God to take control, dispel their tribulations, heal broken hearts, and restore peace to the family in Jesus’ name.
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The Continuing P-Square Saga: This heartfelt message comes against the backdrop of persistent public attention surrounding the protracted disputes, accusations, financial disagreements, and legal battles between twin brothers Peter and Paul Okoye (Rudeboy) and their elder brother and former manager, Jude Okoye, following the strain that re-emerged after their 2021 reconciliation.
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FIFA President Gianni Infantino is facing renewed criticism following UEFA’s confirmation that it issued a six-figure severance package—which included business school MBA fees—to a woman reportedly involved in a past relationship with him when he served as UEFA’s general secretary.....KINDLY READ THE FULL STORY HERE▶
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The Allegations & Denial: While a Daily Telegraph investigation brought the payout to light, an official FIFA spokesperson vehemently denied the claims, calling any insinuation of misconduct defamatory and noting that no employee at UEFA or FIFA has ever lodged a behavioral complaint against Infantino.
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Broader Leadership Pressures: This controversy follows Infantino’s recent apology for missteps regarding a controversial proposal to sell World Cup stakes to private investors, a plan that has since been scrapped.
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Current Standing: Although European federations have threatened boycotts and voiced strong opposition, Infantino maintains key backing from CONMEBOL, CAF, and the football associations of co-hosts Argentina and Mexico, allowing him to stay in office following a supportive executive meeting in Morocco.
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Veteran Nigerian actress Bukky Wright has discussed her comeback to Nollywood following a nearly twenty-year hiatus dedicated to raising her children.....KINDLY READ THE FULL STORY HERE▶
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Motherhood First: Wright stepped away from her acting career and relocated abroad to prioritize being fully available for her young sons, noting that “mama duty called” and leaving them without her daily presence was not an option.
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The Comeback Project: She returned to the screen with The Return of Omotara Johnson—a sequel to the film that helped cement her legacy—driven by persistent requests from fans who wanted the beloved character back.
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A Quiet Return: Wright intentionally kept her return and her move back to Nigeria hidden from the public eye and even many industry insiders, guided by the belief that keeping plans close to the heart allows them to manifest better.
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