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Globally, subsidies, whether for food, transportation, energy or housing, are part of good governance. So, the issue is not subsidies but who benefit from them. In Nigeria, subsidies are primarily of the rich, by the rich and for the rich. I will highlight a few, how they are being manipulated and how huge sums of money can be recovered not just to subsidize fuel but also provide funds for development. 1. Diversion of N40 billion from Federation Account

The ministry said it decided to suspend the controversial cargo charges scheme at the seaport after consultation with the Ministry of Finance and the management of Global Tracking and Maritime Solutions Limited (GTMS).

The new charges, according to businesspeople will reflect high on the prices of goods consumed by the people in The Gambia.

Alkali Habib, a Director with TAJ Bank, and four private companies and their directors have been charged before a Federal Capital Territory (FCT) High Court sitting in…

  Alkali Habib, a Director with TAJ Bank, and four private companies and their directors have been charged before a Federal Capital Territory (FCT) High Court sitting in Abuja with the Money Laundering and Breach of Public Procurement Act.   Charged alongside Habib are Innocent Nwobodo, Edwin Iyk Anyadigibe, Ahmad Salihijo Ahmad and Abdulmumini Haruna, Directors of Winslow Logistics, Antasar Nigeria Limited, Equal Logistics Services Limited, Velocity Logistics and Marine Services Limited, and Sahams Crystal Investment respectively.