TRANSCORP A CLOAK FOR FINANCIAL CRIMES BY NIGERIAN GOVERNMENT LEADERS
Standing before the Senate Committee on the Capital Market, last week, Madam Ndidi Okereke-Onyiuke, the director-general of the Nigerian Stock Exchange who is now more popularly known as the chairman of Transcorp, finally told us what we had always known: President Olusegun Obasanjo, indeed, owns a chunk of Transcorp. But even in answering the Senate committee's questions, this lady still spoke as if Nigerians are dunces and so gullible.

There are two points she made which clearly show that those who rule over Nigeria today still believe that there are different sets of rules for different citizens. She stated she did not believe that Obasanjo committed any crime, because he announced his intentions to acquire the stocks beforehand and, secondly, that he had sold off the shares and therefore divested his interests in the company. More >>