Tuesday, 31 March 2026
A UK transparency law linked Herbert Wigwe to 106 London properties held through offshore companies, a legal exit route invisible until Britain required disclosure in 2022.
Power generating companies owe gas suppliers N6.3 trillion, the unpaid debt that cut gas supply to thermal plants and left Nigerian households in darkness since February.
Nigeria's banks raised N4.61 trillion to meet the CBN's March 31 deadline, the sector's biggest restructuring since 89 banks became 25 in 2004, while small business credit conditions stayed unchanged.
Nigeria's Minister of Power apologised for the blackouts on March 24 and promised two-week improvement, the same accountability script his three predecessors delivered without consequence.
The UK raised visa fees from April 8, student visas to £558 and permanent residency to £3,226, a fourth increase since 2023, while registering a child in Britain fell to £1,000.
The Pandora Papers in 2021 linked 233 London properties to 137 wealthy Nigerians through the same offshore architecture, but the pattern was treated as scandal and no structural question followed.
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This Nigerian Life | Nigerian. Life. Explained.
Publishing Editor: Adeyemi EKO
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