Onlytruth:

So, professor what has that to go with our discourse? Abey no vex o.

Was Max Planck Igbo??

Onlytruth:

I[b] don't want to argue blindly, but do you really believe that Yoruba is more home minded than Igbo?[/b] Do you really believe that? lol
You may be right about the money mindset prevalent in Igboland, but that is not a problem because whites are like that too, yet they have the best countries in terms of development and lifespan.
I believe that we demonstrated ability thought not to exist in Igboland when we gave Jonathan 98% vote. That is settled as far as I'm concerned.

The only Nigerian with the energy, vision, intelligence, tenacity of purpose, and charisma to engineer a national rebirth in Nigeria is a name by the name of
CHARLES CHUKWUMA SOLUDO.

The only time Nigeria had a leader with same qualities, was under military rule. (IBB the great). IBB lacked Soludo's training though.

If the Yorubas don't travel abroad we stay in yorubaland for the mot part. If Igbos don't travel abroad they do their best to get out of Igboland. Yes, i know Yorubas are more home minded then igbos. Can you imagine Yorubas being afraid to come back to Yorubaland for Christmas? loool

manny4life:

I'm sounding like a homo? Haha...get over yourself man. You ain't all that.

Oh boy....

Prof Corruption:

The banking sector he was supposed to be overseeing was actually not only on the verge of dying but could throw spanners at the whole economy before Soludo was shown the way out. It required the infusion of public funds into such dying banks to stabilise the the subsector of economy. He failed woefully at policing such banks.

Is Ben Bernanke responsible for the health of commercial banks in US?
The problem with Nigeria is that doctors do the works of nurses, medical lab techs, radiologists, and other health pros.
That is Nigeria and Nigerian mindset; but that does not mean that things should work that way.
In civilized climes, the CBN's ONLY job is MONETARY policy.

Onlytruth:

Thank you for saying all the bolded. But we just saw how a great CBN governor was removed by a president who was not skilled enough to understand what he was doing.
The rule book Soludo initiated in Nigeria was attacked by the current CBN boss, but when Soludo challeged him and Aganga to a debate, did they take it up?
Nigeria was on track to dominate African finance, but alas a dumb president removed him in nick of time!
In a serious country, Soludo would have remained the CBN boss for at least 15 years. What you are thinking of cannot work in Nigeria. Our best bet is a trained economist as president, while others can provide political advise to him. An economist is ruled by STATISTICS -> HARD FACTS, more than the nuances and lies of politics.

Soludo remains Nigeria's best.

SLS lacks macro economic credentials to be a successful CBN governor. Nevertheless, he was able to manage the mess left by Soludo but actually incapable of formulating sound policies. Aganga should not have been appointed a Finance minister in the first place. He knows nothing about Economics. He actually read biological sciences before venturing into investment world. That was why the dude could not make a good budget.

aribisala0:
Was Max Planck Igbo??

Still don't know what this has to do with the topic.
Was he Nigerian?

Prof Corruption:

The banking sector he was supposed to be overseeing was actually not only on the verge of dying but could throw spanners at the whole economy before Soludo was shown the way out. It required the infusion of public funds into such dying banks to stabilise the the subsector of economy. He failed woefully at policing such banks.

Lies. Same question has been posed times and times again, when SLS did the so-called stress test, why did he not publish the liabilities of this indebted banks? Besides, the banks dying was not because of his consolidation policy, in fact, it created more good than harm. Banks all around the world were failing YET these were huge banks by assets. His consolidation policy did not fail, rather his supervision was a lil faulty but does not mean he's no good.

And the infusion of public funds, has that opened our financial markets to be robust like it did few years ago? At least under soludo, SLS claimed that there were five banks that did not meet up the liquidity, so he infused money into them, where are thes banks today?

manny4life:


Really dude? Are u simply trying to play ignorant with me? Why do they have to go back to Igboland when we're still "One Nigeria"? Isn't there any form of boundary enforcement that exist at the moment? No, most Igbos left Igboland because the govt simply cannot do what's right since we're all one Nigeria.

The truth is, until there's an enforcement law stating that Biafran should leave Nigeria, now Biafrans have their own destiny in their own land, that's a different ball game together. For now, it's merely a joke, so don't blame them.

Lol at Biafrans. You live in Washington DC you loudmouth. What do you know about Biafra? This is what cracks me up about you igbos in the diaspora. You make all this noise without concern for your Igbo borthes here in Yorubaland and the North. They don't care about the Biafrea you fool. They care about money and living in a safe environment. The ones in the SW are safe for the most part.

Stop mouthing off from 3000 miles away!

Onlytruth:

Is Ben Bernanke responsible for the health of commercial banks in US?
The problem with Nigeria is that doctors do the works of nurses, medical lab techs, radiologists, and other health pros.
That is Nigeria and Nigerian mindset; but that does not mean that things should work that way.
In civilized climes, the CBN's ONLY job is MONETARY policy.

Not true, it varies around the world and it is not a measure of civilization anyway. The financial crisis which has lingered for 5 years tells us there is no proven formula for how best to regulate commercial banking.

but I think in Nigeria the best thing would be to just ask how Igbo brethren what we should do since they are our best brains they will put us right.

Prof Corruption:

SLS lacks macro economic credentials to be a successful CBN governor. Nevertheless, he was able to manage the mess left by Soludo but actually incapable of formulating sound policies. Aganga should not have been appointed a Finance minister in the first place. He knows nothing about Economics. He actually read biological sciences before venturing into investment world. That was why the dude could not make a good budget.

Manage what mess? Did you not see on the news that three banks are the verge of collapse? Access, Savannah, and two other banks. In what world do you live in? The banking crisis of 5 years ago and now, which is worse? The banking industry has had 10x more layoff than it did 5years ago. The capital market has shrunk than it did 5years ago. The assets of most banks are dwindling, even SLS saw he could not contain it, thought licensing more banks will solve the problem. The man even moved to stop Otedola, Danagote and a lot of people from borrowing from these banks. YET, we're in the robust financial market...

aribisala0:


but I think in Nigeria the best thing would be to just ask how Igbo brethren what we should do since they are our best brains they will put us right.

They gave yall GEJ, remember?

Onlytruth:

Is Ben Bernanke responsible for the health of commercial banks in US?
The problem with Nigeria is that doctors do the works of nurses, medical lab techs, radiologists, and other health pros.
That is Nigeria and Nigerian mindset; but that does not mean that things should work that way.
In civilized climes, the CBN's ONLY job is MONETARY policy.

Are you kidding me? What are the core functions of FED Reserve? Who is the banker to the banks? Who's the last resort lender?
How would Ben formulate and drive good economic policies without passing such through the banks?

Prof Corruption:

SLS lacks macro economic credentials to be a successful CBN governor. Nevertheless, he was able to manage the mess left by Soludo but actually incapable of formulating sound policies. Aganga should not have been appointed a Finance minister in the first place. He knows nothing about Economics. He actually read biological sciences before venturing into investment world. That was why the dude could not make a good budget.

The greatest oncological surgeon can finish his life saving surgical operation and leave the scene; then a wound care doctor would come and start ranting that the Onco expert did not bother about the wounds that resulted from the surgery. He can even claim that the patient is dying from decay from the wound, but that can only fool uneducated minds.
Most educated folks would ask him to shut up and do his own job, or leave.

I still maintain that Nigeria's CBN boss has no business checking the health of banks. The SEC is there to do that.

Every physical body spontaneously and continuously emits electromagnetic radiation. If the body has a definite temperature, the higher it is the more total radiation is emitted, and the shorter the peak wavelength. For example, at room temperature (~300 K), bodies emit thermal radiation that is mostly infrared and invisible to the eye. At higher temperatures the amount of infrared radiation increases and can be felt as heat, and the object glows red. At extremely high temperatures, bodies are dazzlingly bright yellow or blue-white and emit significant amounts of short wavelength radiation, including ultraviolet and even x-rays. The surface of the sun (~6000 K) emits large amounts of both infrared and ultraviolet radiation, but its emission is peaked in the visible spectrum.

Planck's law describes the radiation emitted by an ideal body known as a black body at thermal equilibrium.[5] Planck radiation is the maximum amount of radiation any body at thermal equilibrium can emit. The thermal radiation from a physical body can be characterized by its emissivity, the radiance of the body divided by the Planck radiance, which is always less than or equal to one. The emissivity of a piece of material is in general dependent on its thickness, temperature, the wavelength of the radiation, and the angles of emission and polarization.[6]

The surface of a black body can be well approximated by a small hole in the wall of a large enclosure which is maintained at a uniform temperature and volume. At equilibrium, the radiation inside this enclosure (and emitted from the hole) follows Planck's law. Planck radiation is isotropic, homogeneous, unpolarized, and incoherent. Just as the Maxwell–Boltzmann distribution is the unique maximum entropy energy distribution for a large number of massive particles at a particular temperature, so is Planck's distribution for a large number of photons in equilibrium, again characterized by one particular temperature.[5][7] If the photon gas is not initially in Planckian, the second law of thermodynamics guarantees that interactions (between the photons themselves or photons and other particles) will cause the photon energy distribution to change and approach the Planck distribution. If the temperature is changed or work is done on the photon gas, photons will be created or annihilated in the right numbers and with the right energies to fill the cavity with a Planck distribution at the new temperature. The spectral radiance, pressure and energy density of a photon gas at equilibrium are entirely determined by the temperature. This is unlike the case for material gases, for which the pressure and energy density are independently determined also by the total number of particles and their properties, such as mass.

The quantity Bν(T) is the spectral radiance as a function of temperature and frequency. It has units of W·m−2·sr−1·Hz−1 in the SI system. An infinitesimal amount of power Bν(T) dA dΩ dν is radiated from infinitesimal surface area dA into infinitesimal solid angle dΩ in an infinitesimal frequency band of width dν centered on frequency ν. The total power radiated into any solid angle the integral of Bν(T) over those three quantities, and is given by the Stefan–Boltzmann law. The Planckian radiation from a black body has the same value for every direction, and so the black body is said to be a Lambertian radiator.

manny4life:

Lies. Same question has been posed times and times again, when SLS did the so-called stress test, why did he not publish the liabilities of this indebted banks? Besides, the banks dying was not because of his consolidation policy, in fact, it created more good than harm. Banks all around the world were failing YET these were huge banks by assets. His consolidation policy did not fail, rather his supervision [b]was a lil faulty [/b]but does not mean he's no good.

And the infusion of public funds, has that opened our financial markets to be robust like it did few years ago? At least under soludo, SLS claimed that there were five banks that did not meet up the liquidity, so he infused money into them, where are thes banks today?

Is there more to add to the bolded? He failed at policing the banks and thus left a monumental mess for SLS to deal with.

@Prof Corruption

If you want to debate whether Soludo was the greatest CBN boss or not, please open a new thread. Let's not derail this one.
Thanks.

MegaMan2020:

Lol at Biafrans. You live in Washington DC you loudmouth. What do you know about Biafra? This is what cracks me up about you igbos in the diaspora. You make all this noise without concern for your Igbo borthes here in Yorubaland and the North. They don't care about the Biafrea you fool. They care about money and living in a safe environment. The ones in the SW are safe for the most part.

Stop mouthing off from 3000 miles away!

Haha, just like I thought, the cowardly statement comes from him. What has my location got to do with anything. That I stay in DC, how does that make me any less Nigerian. Now all of a sudden, subject matter expert, you know about my igbo brothers in Igbo land, same people you can't wait to pursue out of your land. Now, you know about what they care for and what they don't care for...haha. I doubt you've spoken to anyone of them or at least, attended igbo meetings, yet you can instantly deduce they're comfortable in yoruba land...haha, smh, Live and let live.

Onlytruth:

The greatest oncological surgeon can finish his life saving surgical operation and leave the scene; then a wound care doctor would come and start ranting that the Onco expert did not bother about the wounds that resulted from the surgery. He can even claim that the patient is dying from decay from the wound, but that can only fool uneducated minds.
Most educated folks would ask him to shut up and do his own job, or leave.

I still maintain that Nigeria's CBN boss has no business checking the health of banks. The SEC is there to do that.

Assertion without knowledge is the hallmark of an egotistical but empty vessel. Be mindful you don't fall into that. We have laws in out country and Soludo failed in his role in enforcing those laws.He failed criminally even and in civilized climes as you call them he would be considered lucky to not be imprisoned or be allowed to contest public office .

Surely such a man cannot be Igbo??

Prof Corruption:

Is there more to add to the bolded? He failed at policing the banks and thus left a monumental mess for SLS to deal with.

You've failed to say at least "WHAT MESS" he left for SLS.

He did not regulate the banks properly, but you haven't said what mess he left for SLS... Open another thread, let's thrash that issue on there. I have my facts and figures on this.

In physics, particularly statistical mechanics, the Maxwell–Boltzmann distribution describes particle speeds in gases, where the particles move freely without interacting with one another, except for very brief elastic collisions in which they may exchange momentum and kinetic energy, but do not change their respective states of intramolecular excitation, as a function of the temperature of the system, the mass of the particle, and speed of the particle. Particle in this context refers to the gaseous atoms or molecules – no difference is made between the two in its development and result.[1]

It is a probability distribution (derived assuming isotropy) for the speed of a particle constituting the gas - the magnitude of its velocity vector, meaning that for a given temperature, the particle will have a speed selected randomly from the distribution, but is more likely to be within one range of some speeds than others.[2]

Onlytruth: @Prof Corruption

If you want to debate whether Soludo was the greatest CBN boss or not, please open a new thread. Let's not derail this one.
Thanks.

No wahala. But it's related though as you have opined that Soludo remains the best presidential candidate of Igbo extraction at the moment. To put his candidature in focus, we then must discuss his antecedents, his public service record so as to project into future. That, in my opinion, would help test the validity of the title of this thread as regards refining and re-branding as, as they say, you can't give what you don't have.

aribisala0:
Not true, it varies around the world and it is not a measure of civilization anyway. The financial crisis which has lingered for 5 years tells us there is no proven formula for how best to regulate commercial banking.

but I think in Nigeria the best thing would be to just ask how Igbo brethren what we should do since they are our best brains they will put us right.

I believe that Nigeria can actually start to move forward with CONFIDENT steps if we elect a good president of Igbo extraction.
It is important for national healing and forward movement. We can kill two birds with one stone. Pick a really smart presidential material from Igboland.

But for Sanusi's intervention our banking system would have collapsed. When we consider the activities of Akingbola,Ibru and others who were Hobnobbing with Soludo and how these were concealed under his watch the mind boggles.I am convinced that a man like Sanusi with the courage he displayed in fighting the rot could ONLY be Igbo

Onlytruth:

I believe that Nigeria can actually start to move forward with CONFIDENT steps if we elect a good president of Igbo extraction.
It is important for national healing and forward movement. We can kill two birds with one stone.

Yeah, same idiotic logic you and yours used that earned Nigeria the dummy in power at the moment. Clown, whatever happened to picking a qualified person instead of using sentiments when choosing a leader?

Onlytruth:

I believe that Nigeria can actually start to move forward with CONFIDENT steps if we elect a good president of Igbo extraction.
It is important for national healing and forward movement. We can kill two birds with one stone. Pick a really smart presidential material from Igboland.

well Our constitution requires our presidents to contest and win elections.Should we inflict such indignity and insolence on an Igbo President or just have a Coronation ceremony??

manny4life:

Haha, just like I thought, the cowardly statement comes from him. What has my location got to do with anything. That I stay in DC, how does that make me any less Nigerian. Now all of a sudden, subject matter expert, you know about my igbo brothers in Igbo land, same people you can't wait to pursue out of your land. Now, you know about what they care for and what they don't care for...haha. I doubt you've spoken to anyone of them or at least, attended igbo meetings, yet you can instantly deduce they're comfortable in yoruba land...haha, smh, Live and let live.

Because you're agitating for a Biafraland but you live all the way in Washington DC !!! Whilst Igbos in the SW and North are doing everything in their power to stay in the SW and North lol. I speak to Igbos everyday you silly fool, they live in my community like everyone else. Did I mention they don't speak igbo but proudly flaunt their Yoruba (I think i did ). Like I said before. Stop mouthing off from 3000 miles away. You don't represent the Igbo man that settled his entire family in the SW or the North!

I wonder at times how many people get their ideology "had SLS not stepped in, the banks would have crashed", crashed as in how? The affected banks represented what % of the financial markets in terms of assets? There were about 20+ mega banks and three or four of them were struggling meanwhile the TOP 7 holding more than 40% of Nigeria's assets were in good standing, in green as high as anyone could imagine, yet, someone tells me, "had SLS not intervened, intervened where exactly"?

Why don't SLS tell us the banks the received funds then and now..

The equipartition theorem of classical mechanics, the basis of all classical thermodynamic theories, stated that an object's energy is partitioned equally among the object's vibrational modes. This worked well when describing thermal objects, whose vibrational modes were defined as the speeds of their constituent atoms, and the speed distribution derived from egalitarian partitioning of these vibrational modes closely matched experimental results. Speeds much higher than the average speed were suppressed by the fact that kinetic energy is quadratic—doubling the speed requires four times the energy—thus the number of atoms occupying high energy modes (high speeds) quickly drops off because the constant, equal partition can excite successively fewer atoms. Low speed modes would ostensibly dominate the distribution, since low speed modes would require ever less energy, and prima facie a zero-speed mode would require zero energy and its energy partition would contain an infinite number of atoms. But this would only occur in the absence of atomic interaction; when collisions are allowed, the low speed modes are immediately suppressed by jostling from the higher energy atoms, exciting them to higher energy modes. An equilibrium is swiftly reached where most atoms occupy a speed proportional to the temperature of the object (thus defining temperature as the average kinetic energy of the object).

But applying the same reasoning to the electromagnetic emission of such a thermal object was not so successful. It had been long known that thermal objects emit light. Hot metal glows red, and upon further heating, white (this is the underlying principle of the incandescent bulb). Since light was known to be waves of electromagnetism, physicists hoped to describe this emission via classical laws. This became known as the black body problem. Since the equipartition theorem worked so well in describing the vibrational modes of the thermal object itself, it was trivial to assume that it would perform equally well in describing the radiative emission of such objects. But a problem quickly arose when determining the vibrational modes of light. To simplify the problem (by limiting the vibrational modes) a longest allowable wavelength was defined by placing the thermal object in a cavity. Any electromagnetic mode at equilibrium (i.e. any standing wave) could only exist if it used the walls of the cavities as nodes. Thus there were no waves/modes with a wavelength larger than twice the length (L) of the cavity.

aribisala0: But for Sanusi's intervention our banking system would have collapsed. When we consider the activities of Akingbola,Ibru and others who were Hobnobbing with Soludo and how these were concealed under his watch the mind boggles.I am convinced that a man like Sanusi with the courage he displayed in fighting the rot could ONLY be Igbo

I bought some shares of First Bank in 2008 at N33/share. Today, those shares are still worth the same, or even less (bonus, dividends,interests et al calculated) today.
In Soludo's time, the shares would have grown for sure. Nigeria was quickly assuming an international financial role under CC Soludo.
Sanusi destroyed all that and set us back YEARS. Like I said, this is not the thread to do the comparison.
There was a thread on that here in Nairaland; If you like I can dig it up.
Comparing Soludo and Sanusi is like comparing a professor and a student respectively.

Onlytruth:

I believe that Nigeria can actually start to move forward with CONFIDENT steps if we elect a good president of Igbo extraction.
It is important for national healing and forward movement. We can kill two birds with one stone. Pick a really smart presidential material from Igboland.

That's the point I'm making. Who is this Igbo president? It's easy for those in the diaspora to mouth off but lets be honest. Have you seen igboland lately in person? Igbos in Igboland can't even select good govornors! That's not a diss, that's the truth. Who will the president be? We won't simply give you a president JUST because you're Igbo. That makes lil to no sense. Igbo politicians can't even get along for the most part. Imagine just handing the presidency over lol

Onlytruth:

I believe that Nigeria can actually start to move forward with CONFIDENT steps if we elect a good president of Igbo extraction.
It is important for national healing and forward movement. We can kill two birds with one stone. Pick a really smart presidential material from Igboland.

Do we need to do any healing with Ogoni people too ? They have been weighed down mightily by the Nigerian Yoke

MegaMan2020:

Because you're agitating for a Biafraland but you live all the way in Washington DC !!! Whilst Igbos in the SW and North are doing everything in their power to stay in the SW and North lol. I speak to Igbos everyday you silly fool, they live in my community like everyone else, did I mention they don't speak igbo but proudly flaunt their Yoruba (I think i did ). Like I said before. Stop mouthing off from 3000 miles away. You don't represent the Igbo man that settled his entire family in the SW or the North!

Dude, don't make this about Biafra land or otherwise, DON'T CHANGE THE TOPIC, let us return back to the status quo -

How am I agitating? Dude you're so funny. I asked you simple questions yet you keep dancing around avoiding the questions, perhaps I can recall some of them for you.

Whilst Igbos in the SW and North are doing everything in their power to stay in the SW and North lol.
No comments, after this, I now know how desperate yall all. An Igbo man, doing everything in their power to stay in the SW and north? Igbo people who move around frequently and freely are doing everything in their power to stay there.

No matter how you dance around it, spin it, do whatever you wish to do it, an Igbo man will not come to a yoruba man whom he sees as a snake and say, oh I want Biafra. What I said was, when we all unitedly say, let this people leave, let's see if this same people wanna go or not. Is that too hard to understand? You can't speak for someone, neither will I, BUT, a united effort will speak of it. If after Unitedly speaking, and it comes back negative, then it's our fault, till then... SAVE YOUR I KNOW IGBO PEOPLE AND TALK TO THEM BULLSHIT, because it ain't flying. I'm Igbo and I know my people too damn well, better than you do.