Grandiose Parlor

“…The spraying of, dancing or marching on the Naira or any note issued by the Bank during social occasions or otherwise howsoever shall constitute an abuse and defacing of the Naira or such note and shall be punishable under subsection (1) of this section…” — Section 21, subsection 1-4 of the Central Bank of Nigeria […]

“The fear is that in 5-10 years, what will be left of the African or Nigerian Information society space will be pieces of recycled information about the bad things happening in Nigeria…”– Edward Popoola.
Smacked right on the my monitor screen is this CNN Money.com headline screaming at me: “Online scams create ‘Yahoo! Millionaires’”, and below […]

” Internet users in America pay $20 for one gigabyte of data per month, but people in Africa pay about $1,800 for the same amount of data …”– NextBillion.Net
This isn’t all; Africans get bilked even more:
Africans in the Diaspora pay huge commissions and fees to send money (remittance) back home; western union takes at least […]

The advance fee letter scam a.k.a ‘419 scam’ has wreaked a lot of havoc worldwide, even in Nigeria. Victims have lost tens of millions of dollars to the fraudsters many of whom have been described as Nigerians. While it is not my intention to defend this scam- I will never defend the acts of the […]

The Nigerian Small and Medium Enterprises Equity Investment Scheme (SMEEIS) was established in December 1999. The scheme required all banks in Nigeria to set aside 10% of their profit before tax for equity investment in small and medium scale industries.
A recent report in the Nigerian financial newspaper, Business Day, indicate that just 29% of this […]