Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,676 members, 7,851,306 topics. Date: Wednesday, 05 June 2024 at 04:49 PM |
Nairaland Forum / Nairaland / General / Politics / WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT (58275 Views)
NCC Remits N70 Billion Into Federation Account / NNPC Remits N1.118 Trillion Into Federation Account In One Year / Refineries To Pay Into Federation Account From 2016 – Kachikwu (2) (3) (4)
(1) (2) (3) ... (21) (22) (23) (24) (25) (26) (27) ... (32) (Reply) (Go Down)
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by princdebola201(m): 6:13am On Aug 12, 2015 |
FKO81:Stop posting nonesense everywhere Is that the topic of the thread, why re you guys behaving like an illiterate Simple question you can't answer..if you don't have any reasonable facts or figures to counter the thread pls remain silent forever 1 Like |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 6:19am On Aug 12, 2015 |
FKO81: you didn't call those that are into oil drilling such as well tech drilling services the guy has been drilling oil years he is from my village in Nnewi south the same with chisco ..you did not call thousands of most of the business dudes in ICT from anambra from zoom data to others you did not call me ....only we anambra can rival any west state what about chimamanda what about those hot hands only us in anambra can compete ....when we collate other igbos hmmmmm what they should know Igbo got material and I thank lord I am anambra and Igbo you did not call many names like vebon group et al |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 6:20am On Aug 12, 2015 |
princdebola201:these are the people contributing to Nigeria so tell us your people literate |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 6:23am On Aug 12, 2015 |
the stupid op has caused problem for his people by opening a thread like this and so doing opening his peoples nyash.... one thing this op did not understand is that Igbo have been contributing positively to black race not to Nigeria and he has made the world see the laziness of his people ..one people that are brave and bring fight to ur door steps are the igbos ...so know that too igbotic I am 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by Kalvan: 6:26am On Aug 12, 2015 |
tonychristopher: Igbotic? With that Mars looking region you call home? 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by princdebola201(m): 6:30am On Aug 12, 2015 |
tonychristopher:No time for trash talking Answer the topic of the thread or you get lost..!!! Pls don't qoute me again if you can't counter the topic of the thread with basic facts and figures and the percentages of the contributions of the 5 south east states into federation account 3 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by FKO81(m): 6:32am On Aug 12, 2015 |
princdebola201:Son go and ask your father or Awo in his vault what Igbos are contributing since you and your likes are too blind, I thought your tribes men are claiming to be the most educated and most successful tribe in Nigeria, till today Igbos are leading. Ndiara! 1 Like |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by princdebola201(m): 6:38am On Aug 12, 2015 |
FKO81:mr Flat head with Flat brain stop being an illiterate and answer the topic of the thread with basic facts and figures the contribution of 5 south East states in SE region and the percentage of their contribution or you Get Lost..!! And stop qouting me 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by signz: 6:40am On Aug 12, 2015 |
Op and all Yorubas who have contributed to this thread should kindly go to there representatives in the NASS and compel them to cut igbos lose from the federation. Start an offline campaign, go to the streets and put your money where keyboard is. Just 5% of Yoruba population can do it and Yorubas can also convince the Hausas on the need to let us go because we contribute absolutely nothing to this union. Am sure Hausas will agree. Thank you 4 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by FKO81(m): 6:44am On Aug 12, 2015 |
tonychristopher:Bro forgive me, these are the ones I can remember, you can help me add let us teach lazy tribe that Nigeria dosen't start in Lagos and end in Ore.Udo! |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by princdebola201(m): 6:46am On Aug 12, 2015 |
It seems no igbos on nairaland can answer the questions WELL YOU GUYS RE FREE TO HIRE MADAM OKONJO IWEALA TO COME AND ANSWER THE TOPIC OF THE THREAD TO COVER UR SHAME 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by princdebola201(m): 6:51am On Aug 12, 2015 |
signz:stop blaming yoruba for ur misfortunes. What is difficult for ur flat head brothers and sisters all over nigeria packing ur Bags and return to red mud region tell your senators not to sit in the chambers And ur governors should stop collecting allocation THEN THE WHOLE WORLD WILL TAKE YOU SERIOUS..!! 3 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by FKO81(m): 6:58am On Aug 12, 2015 |
princdebola201:I repeat, cone head go and ask your father and Awo what Igbos are contributing since Ewedu and red oil soup has conjoined your thick skull and sick brain to see Igbos contributes alots more than your lazy ass to Nigeria economy 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by Kalvan: 7:01am On Aug 12, 2015 |
FKO81: So rude. You Ibos lack common etiquette. 3 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by FKO81(m): 7:14am On Aug 12, 2015 |
Kalvan:Nkita lacha gi anya, I lack common etiquette? when you and your likes were asking sill.y questions did you expect to get polite answer? Idoitaa check your handle to see the rubbish you wrote under, Ewu Osun! 3 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by Kalvan: 7:15am On Aug 12, 2015 |
FKO81: At least I'm not being rude. 1 Like |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by abagoro(m): 7:45am On Aug 12, 2015 |
princdebola201: Igbo nation were the source of 80% Nigerian oil revenue for many years until oil was discovered elsewhere. Offshore exploration lead to the decline in onshore oil interests. On industries there are equally sizeable industries that contribute so much. These include but not limited to 1) Innoson motors Nnewi which is the only local car manufacturer in Africa 2) Glass Force industries Aba which produces majority of bottles used in Nigeria. It is the largest glass industry in Africa. 3) Aba sorghum malting plant owned by NBL. It is the largest in the world. 4) Sabmiller brewery Onitsha which is the largest brewery in Nigeria alongside NBL Enugu and NBL Aba which are 2nd and 3rd in Nigeria. abagoro: |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by explorer250(m): 8:14am On Aug 12, 2015 |
trapQ: bastard daughter of an uncircumcised Philistine. You product of busted condom and failed abortion. Your mother made a mistake by dumping you in the bush instead of killing you ugly inconsequential bitch. Since you derive pleasure in mouthlashing my people, so will I in bursting your propaganda |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by azzima(m): 8:30am On Aug 12, 2015 |
tonychristopher:see dis mumu. We don't need to go home for Christmas, we are already home!!!.Na only una dey perambulate all over Nigeria up and down like busy bodies everywhere. Can't you guys do business in your erosion gullies? 1 Like |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by azzima(m): 8:35am On Aug 12, 2015 |
tonychristopher:80% of those on that list are criminals at night....I can guarantee you that. Shebi na igbos nau! 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by azzima(m): 8:38am On Aug 12, 2015 |
tonychristopher:with all the executions of Igbos all over Asia?have you seen the YouTube videoeven the Thai police investigator knows about the igbos more than me. From his words "why are you igbos smearing the name of Nigeria everywhere? ?" 1 Like |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 8:39am On Aug 12, 2015 |
even if they are assumed criminals at night, it is not easy to wake up and do crime in dead of night bro do you know why many people are poor, they have a very terrible attitude to life and that is what you have displayed here..I will love you to know that you should consider this response an honor to you...I dont reply your type son ANY HOW YOU LOOK AT IT, MAKING MONEY AINT EASY SO GIVE RESPECT TO MEN THAT ARE ON TOP, FROM PABLO ESCOBAR TO COSCHARIS TO CAPITAL OIL...THEN IBETO THOSE ARE MY ROLE MODEL...That is how we roll in Anambra Can you do me a favour...Dont reply nor quote me again have a great day azzima: |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 8:50am On Aug 12, 2015 |
azzima: I know that you come from the land of saints, the land of those that killed british police same brothers, maybe those adewale brothers are igbo or maybe those hausa guys that got caught in india-pakistani border that are joining the ISIS are still igbo or that Yoruba girl that joined ISIS is still igbo...i know that your land is filled with saints no harms no sins, but the question is why are you obsessed with IGBO...Igbo doesn’t know you or gives a damn about you or your people, what the average igbo man wants is just to making money off you and that is what they are good at doing, just like jews respect them And if you feel that they are smearing your image, that is if you have any image....then please carry placard and support BIAFRA ..the question is that ..will your confused mental state just like that of your fathers allow those that you love to hate go? Those that you hate to love, will you allow therm go? IGBOS ARE ENIGMA ..that is why they are talked about in Nigeria the way the jews are talked about in middle east Maybe that phone that you are browsing with was sold to you by an igbo man, what about the cloth, what about the plate that you eat will...we are here to dominate 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 8:54am On Aug 12, 2015 |
Must you call me name, yes you are home but you are rootless, even USA citizen visit their land of birth for thanksgiving and christmas, people recognise their ancestry but you have non or you have jettisoned yours, we are fond of going home and I know my village...do you know your village...oh I forgot every yoruba man is a logosian ...lol We make money elsewhere and repatriate them home...that is the game We are not people with where belle face na home...we APTLY UNDERSTNAD WHERE WE ARE COMING FROM AND WE KNOW WHERE WE ARE GOING...but you...you dont know any of these, and i will not lecture you cos it will be waste of time Have you ever wondered why wise men always have a way of coming from the East...AKA igbo sense Dont die yet...I am too igbotic for your liking...now get a job, got some to do here Bye azzima: 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by FKO81(m): 9:05am On Aug 12, 2015 |
azzima:Your brothers are international terrorists Micheal Adebowale your kinsmen that beheaded British soldiers in broad daylight https://en.m.wikipedia.org/wiki/Murder_of_Lee I guess they brought honours to Nigeria? 1 Like |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 9:12am On Aug 12, 2015 |
Professor Emmanuel Obiechina and his charge to the Igbo as it concerned politics and economics. He had a message for the Igbo that never seeped through the labyrinth of suggestions that crowded the Igbo political space till he died. It read like this: seek yee first the economic domination of Nigeria. He emphasized domination And I totally agree with prof....we must dominate them economically from the phones they use, to the clothes they wear to even the plate they w eat with and the drugs they take...there must be igbo hand in whatever they use in Nigeria...that is our quest as IGBO and we must accomplish that before we can go home...they must have one thing or the other to do with our business....Igbo must first seek economic domination Let them keep hating, while their masters keep bombing, we will keep moving our economic frontiers to the full length and breadth of Nigeria and Africa...we are doing a great job in ECOWAS and our footprints in other countries are noted. Igbo must first seek economic domination 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by forgiveness: 9:18am On Aug 12, 2015 |
FKO81: It was just a question and you have answered this one rightly but is there any need for that last statement? ] 1 Like |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 9:18am On Aug 12, 2015 |
Kalvan: Professor Emmanuel Obiechina and his charge to the Igbo as it concerned politics and economics. He had a message for the Igbo that never seeped through the labyrinth of suggestions that crowded the Igbo political space till he died. It read like this: seek yee first the economic domination of Nigeria. He emphasized domination And I totally agree with prof....we must dominate them economically from the phones they use, to the clothes they wear to even the plate they w eat with and the drugs they take...there must be igbo hand in whatever they use in Nigeria...that is our quest as IGBO and we must accomplish that before we can go home...they must have one thing or the other to do with our business....Igbo must first seek economic domination Let them keep hating, while their masters keep bombing, we will keep moving our economic frontiers to the full length and breadth of Nigeria and Africa...we are doing a great job in ECOWAS and our footprints in other countries are noted. Igbo must first seek economic domination [img][/img] 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by forgiveness: 9:24am On Aug 12, 2015 |
FKO81: Did i say the first Nigerian to win a gold medal or the first to win a medal? Yes, Chioma Ajunwa is the First Nigerian to win a gold medal for Nigeria but she is not the first Nigeria to win a gold medal. fact] 1 Like |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by tonychristopher: 9:30am On Aug 12, 2015 |
This piece was prompted by what I saw as benign ignorance amongst some of our Ibo folks and because such ignorance is music to the ears of some other people and Yoruba in particular. In more than one occasion my friends and other Ibo have advanced the argument that if Ibo was that smart, how come Yorubas dominated the commerce industry in Nigeria? What they meant were the domination of Yoruba in the banking, insurance industries, Coco Cola and some other surviving industries. In one particular occasion a friend revealed to me that he recently discovered that the reason why some Yoruba are so wealthy is because they were smart enough to invest their money in corporate stocks and bonds (not realizing that Yoruba actually stolen those corporations) while Ibo is busy engaging in buying and selling. The Yoruba will like people to continue to believe that story, that it was because they were smart that they were able to do all these great investments in the commerce industry. One relevant question that I always managed to ask my interlocutors is whether they were aware of the indigenization decree of 1972, master minded by Awolowo and the Yoruba and the ramifications of that policy, as will be expected, the answer ranged from, I have heard of it but does not understand what it actually meant to I have not heard of the policy. Listening to this ignorance induced perspective from my friends made my heart to skip a beat, realizing that the task of bridging this information gap is not going to be a child’s play. What is disconcerting is that some in their benign induced ignorance believe that the effect of indigenization is inconsequential at this time because it happened about forty years ago. This piece is therefore for those that are educable and for those that have the capacity to appreciate the magnitude and most importantly for those that can relate that gigantic economic event that reshaped the economic foundation on which Nigerian economy settled on after the British/Biafran war and as well as relate our present economic malaise to that economic foundation engendered by indigenization. There is no doubt that most people, particularly those that do not have either basic or international economics background are overwhelmed by the subject of INDIGENIZATION OF FOREIGN COMPANIES IN NIGERIA because of their inability to understand the economics of it and the efficacies to make the necessary connections and relate it to the present economic doldrums, some simply brush it aside or worse, simple minimize its far reaching implications particularly on the Ibo. In so doing, majority of us dabble into analysis of how terrible Ibo has managed their affairs since after the civil war, while leaving out a huge chunk of the elements that need to be factored into their analysis. The unspeakable effect of the policy of indigenization on the Ibo was wicked and dastardly. The economic damage on the Ibo is impossible to calculate. The psychological toll on the Ibo is still reverberating amongst the Ibo today and creating identity crisis. Some folks will argue that we should drop the subject because it happened forty years ago, which is equivalent to saying that because slavery, Jim crow and the holocaust happened years ago, and for that reason, they have no relevance in today’s analysis. How can any credible analysis of American history not include slavery and its implications, or how can any Jewish history not include the holocaust and its implications and effects, but that is what some folks want us to do, to avoid or forget one of the most devastating economic policies that changed the economic landmark of Nigeria, second to the genocide of more than a million Ibo committed by the same man, Awo, and still arrive at any meaningful analysis. I believe that the incredulity that any ethnic group is capable of visiting such devastation on another is still an obstacle that the subject is struggling against and must overcome. It is not that most people do not know what happen, it is simply that they do not what to believe that it happened because it is mind bending. I also believe that if we do not tell the story over and over, the Yorubas will not tell and neither will the Hausa tell it, as a matter of fact they always wish that it will go away. So whether they like it or not, we must continue to broadcast what happened until people start to understand the effect of the policy not only on the Ibo but on the nation as a whole. Suffice to say that after Awo and the Yoruba succeeded in executing the indigenization decree and became overnight millionaires, many Ibo packed their bags and left Lagos to the east –ala Ibo, where they shortly died out of heart break because some of them also suffered the deprivation of their properties due to abandon property policy in Lagos and Port harcourt. WHAT ENGENDERED THE INDIGENIZATION POLICY? It is no more news worthy to point out that before the civil war that Ibo out of their capacity for honesty, to work hard, to produce, to innovate, to manage, create and persevere were able to penetrate all facets of Nigerian endeavor, when the British used merit as a yard stick. It is an irrefragable fact that even Yoruba would not dare challenge that fact, if not, what started the Yoruba hate, envy and jealousy against the Ibo in the first place, Yoruba and Hausa claimed that Ibo was dominating everything in the country but what they will not acknowledge publicly was the fact that the British were making the decisions about who to hire by their own standard and not by Ibo standard and that Ibo was good at what they did and better than them. The Yoruba and Hausa wanted not only equal opportunity they also wanted equal outcome regardless of effort and everyone knows that that is impossible. There is one very important fact in my analysis that I want everyone to get, and that is that before the civil war, Nigeria as a nation did not have an economic of its own. Let me say it again, that Nigeria as a nation before the British/Biafran civil war did not have an economy of its own. I emphasized that point in other to say that whatever seemed like Nigerian economy were British owned. Put differently, if you excluded few of the regional cooperatives and some joint ventures businesses which were mostly British engineered to make buying raw materials easy for the British, ever y other aspect of the economy were owned majorly by the British, even the military, given the fact that almost every military supply came from Britain. It is then save to say that British investment in Nigeria amounted to a great totality of Nigerian economy or that Nigerian economy was at that time synonymous to the total investment of the British. Below, courtesy of Africa today are the list of some of the companies that constituted Nigerian economy before the war that the Yoruba stole in one swoop, spanning the insurance companies like Lloyd’s of London and all the banks in Nigeria owned one way or the other by the British. This is but a partial list of what constituted the British investment in Nigerian economy. “Pharmaceutical Nigeria Plc ,May and Baker Nigeria Plc,Vitafoam Nigeria Plc,Wahum Nigeria Limited ,CAP Nigeria Plc , International Paints of West Africa [IPWA], Berger Paints Nigeria Plc, Berec Nigeria Limited, Kabelmetal, Nigeria Bottling Company Plc, Leventis Nigeria Plc ,West African Portland Cement Company,[Lafarge ],Wema Bank Nigeria Plc, Scoa Nigeria Plc ,CFAO Nigeria Plc, Cadbury Nigeria Plc, Wemaboard Estates, Odua Group, Livestock Feeds Nigeria Plc , Nigerian Breweries Plc, new nigerian Bank, Batta, Kingsway Stores, Crittal Hope (Nigeria) Limited, Mushin, Lagos State. Dunlop (Nig.) Industries Plc, Ikeja, Lagos State. Galvanising Industries Limited, Ikeja, Lagos State. Nigeria Construction & Water Resources Development Company Limited, Ibadan, Oyo State Nigerian Wire & Cable Plc, Ibadan, Oyo State Nigerite PLC, Ikeja, Lagos State Nipol Limited, Ibadan, Oyo State Odu'a Textile Industries Limited, Ado-Ekiti, Ekiti State Soleh Boneh Overseas (Nigeria) Limited, Ibadan, Oyo State Vono Products Plc, Mushin, Lagos State Wema Bank Plc, Marina, Lagos West African Portland Cement Plc, Ikeja, Lagos State Great Nigeria Insurance PLC, Ikoyi, Lagos State Glanvill Enthoven & Company Limited ◦Guinness (Nig.) Plc, Ikeja, Lagos State. ◦International Breweries Plc, Ilesa, Osun State. ◦Macmillian Publishers (Nig) Limited, Ilupeju, Lagos ◦Nestle Food (Nig) Plc, Ikeja, Lagos State ◦Nidogas Company Limited, Lagos State ◦Niger Mills Company Limited, Calabar, Cross River State ◦Nigerian Aluminium Extrusions Limited, Lagos ◦SKG-Pharma (Nig.) Limited, Lagos ◦Tower Aluminium (Nig.) Plc, Lagos ◦U. A. C. of Nigeria Plc., Lagos etc. The necessity of inserting this partial list of the companies/assets that existed before the war was to give the reader a sense of the extent of what the issue is all about and who owned what and when. The Yoruba hardly owned much of anything or any of these assets listed above except in some regional joint cooperative ventures with the British. The story went like this, before the war the Ibo dominated the economic work force followed by the Yoruba, when British/Biafran war started, Ibo, for their safety left their jobs in different parts of the country to return to the east, the Ibo land. After the end of the war, the Ibo went back to seek for their jobs that they left for security reasons, the Yoruba who took advantage and occupied the positions that Ibo left decided that they will not relinquish those position because according to the Yoruba, Ibo abandoned their positions and do not deserve their position back, reminiscent of the abandon property thievery in Port Harcourt River State and Lagos. However, a dynamic developed as Ibo every morning dressed up and went and occupied the lobbies of their different offices that they used to work in. Tell me, if this is not manifest bravery of the highest order ever exhibited by any group in Nigeria and we are talking about days and weeks immediately after the war was declared over. But the final say as to whether or not the positions that Ibo left for dire life was going to be declared abandoned rested on the British that owned these companies. As the back and forth went on, the British started angling to make an economic decision because they understood the difference between the Ibo worker and the Yoruba worker and the three years of the civil war made that difference even more crystal clear to the British, if not, why would the British bother to accommodate the Ibo after such a long time? What became clear to the Yoruba was that the British were willing to make extra provision to re-absorb the Ibo any way possible. Yoruba was not ready to tolerate any of that because they knew that it was a matter of time before the wheat will be separated from the shaft that Ibo will assume their prominent positions. In order to prevent the British from re-absorbing the Ibo into these British owned companies, the corporate Yoruba decided to solicit the help of Awolowo who was then the finance minister and chairman of the federal military council. This is where a plan was hashed to wrest the control of these companies, consisting of banks, insurance companies, corporations of different kinds and types from the British. The best way Awo and his cabal found fit was to convince Gowon and the military leadership who in all probability have never had the word indigenization in their lives to promulgate the INDIGENIZATION DECREE in 1972 that stipulated that every foreign owned venture must transfer majority ownership to Nigerian indigenes within a year of the promulgation of the decree or they will forfeit the assets of the company to the Nigerian government. (Emphasis within a year) As expected, the British were caught off guide, not understanding the motive behind the policy, the British thought it was a dream or a joke that will go away, particularly given the fact that they just won the war against the Ibo for the Yoruba and Hausa. After exhausting six months out of the one year in their bid to reverse the decree, the British became frantic and concluded that they could not reverse the decree and went about trying to salvage whatever they could. What was worst was that the British did not even have enough time to evaluate the worth of their ventures because of the limited time the decree allowed, courtesy of Awo and cabal. The situation gave chaos a new name because the British were in chaos. So the first problem the British ran into was limited time that they couldn’t figure what the value of majority of their ventures were, they could not tell how much to sell them for. Mind you that this was happening within a year after the end of the civil war. At this time the Yoruba was running every conceivable federal ministries, departments and agencies plus all the corporations listed above and more that the British owned. It is important to point out that the north had little or no presence in the commerce economy of the country before the war and after the war except in the military leadership and infantry. The economy of the country was dominated by Ibo first and Yoruba second before the war. In order to solidify the economic dominance that the Yoruba attained during and after the war and to make their position even more potent in acquiring the British spoils, Awo as the finance minister and chairman of the federal military council and his Yoruba cabal decided to economically emasculate the Ibo understanding a) That Yoruba was fully running every conceivable federal parastatals b) That Yoruba was running every conceivable corporation that the British owned or had majority ownership as listed above. c) That Yoruba was managing all the Nigerian banks, insurance corporations, National shipping line, Nigerian airways, Nigerian’s Ports authority, Nigerian Railways and all the ministries, Departments and Agencies conceivable. Decided to destroy whatever was left of the Ibo and putting a finishing touch to it by a) Stealing through confiscating all the millions of pounds that Ibo had in all the Nigerian banks b) Offering every Ibo person £20 pounds regardless of how many millions they had in the Nigerian banks before the war. c) Militarizing every part of Ibo land. d) Rendering every Ibo without exception a pauper. e) Banning every importation of stock fish and used clothes to deprive the Ibo of any economic ability to compete with the Yoruba in buying into the British assets. When that day of infamy arrived for the British to start selling their assets, Igbo having been disenfranchised and emasculated in any and every way stood on the sideline watching the Yoruba in their glee as they scrambled to obtain loans from their Yoruba dominated banks to make the most minimal of offers to the British as there were no competitions. The British had no choice but to accept any offer as the alternative was losing everything to the federal government. The British lost pretty much all their investment to the Yoruba whose stock in trade is robbing and stealing any and everything they can get their hands on. Thousands of Yoruba became millionaires overnight and there was jubilation and owanbe all over Yoruba land. Yoruba had parties day and night and weekends. They closed streets to display their new found wealth as they partied. That day marked the economic death of Nigeria, that day marked the death of Nigerian’s aspiration to join the civilized world. The implication was enormous and it sent a shock wave throughout the Ibo land, It was a dark history day, it was a day of manifest wickedness and viciousness, Ibo was dumbfounded, the days that followed were days of economic , social and psychological morose and confusion that are still lingering today within the Ibo. It might be hard to accept but Awo got the Ibo good and the country as well, he brought the Ibo to his knees economically at least temporarily and Ibo has never recovered from that one blow seven akpus in any appreciable way but Nigeria as whole is worse off for it. I believe that what was more devastating was that Ibo had no place or body to turn to. To be blunt, Awo decapitated the Ibo leadership and through Ibo into great confusion. It is important to note that by this singular act of INDIGENIZATION DECREE engineered by the Yoruba, the Yoruba de facto constituted the new economic foundation, the sole owner and manager of Nigerian economy without any rivals. So, for those that have wondered why Ibo became traders, this is the why. The Yoruba will not let any Ibo near the management of any of these stolen corporations, will not let Ibo buy any shares of these corporations for decades following the heist. Now, some people without the capacity to comprehend the full seismic implication of this economic shift and restructuring will want us to believe that this does not matter and I will beg to disagree because it is like everything else, the foundation of everything matters and determines the success or failure, be it a house or business. As time has revealed, Yoruba stealing and forming the economic foundation for Nigeria was a bad idea and a monumental disaster. For the ignorants, all things being equal (in a fair fight) the Yoruba knew it, the British knew it, the Ibo knew it and the world knew it that the Yoruba did not possess the capacity, creativity, drive, perseverance, hard work and the competence to do what some are crediting to it if they did not conspire to steal not only from the British and Ibo but from everybody else that had any assets in Nigeria. The apparent dominant control the Yoruba has on the economy since after the war was not out of great honest smartness or creativity or innovation or hard work or competence but out of share robbery of the British and Ibo sweat and hard work. I believe that the question that the benign ignorant should be asking going forward is what did Yoruba do with all these assets and corporations that they stole? How did the country fair under the Yoruba management of the Nigerian economy? How did the Yoruba managed economy relate to today’s economic malaise. Hope they can make the connections. My next piece will try to capture the mind blowing implications of that great heist as it relates to Nigerians and Ibo in particular and the flight of international investment from Nigerian for decades. Fredrick. http://www.igbofocus.co.uk/The-Biafran-War/The-Greatest-Heist-in-Modern-H/the-greatest-heist-in-modern-history-by-awolowo-and-the-yorubas-.html 2 Likes |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by forgiveness: 9:31am On Aug 12, 2015 |
FKO81: Did i write first millionaire or first billionaire? ] |
Re: WhAT RE THE CONTRIBUTIONS OF S.E REGION INTO FEDERATION ACCOUNT by pazienza(m): 9:39am On Aug 12, 2015 |
[b] 1. Alhaji Aliko Dangote – Dangote Group, (Manufacturing, oil & gas,) 2. Mike Adenuga – Conoil, Globacom (Oil & gas, Banking, Telecom)- YORUBA 3. Femi Otedola – Forte Oil and Gas (Oil & gas)-YORUBA 4. Orji Uzor Kalu – Slok Group (Aviation,- IGBO Shipping, publishing, manufacturing) 5. Cosmos Maduka – Coscharis Group-IGBO (Automobile, manufacturing) 6. Jimoh Ibrahim – Nicon Insurance, Global Fleet (Insurance, transportation, oil & gas)-Yoruba 7. Jim Ovia – Zenith Bank, Visafone (Banking, Telecom)-IGBO 8. Pascal Dozie – MTN Nigeria, Diamond Bank (Banking, Telecom)-IGBO 9. Oba Otudeko – Honeywell Group Nigeria, Pivotal Engineering, Airtel (Manufacturing, oil & gas, telecom)- YORUBA 10. Alhaji Sayyu Dantata – MRS Group (Oil & gas, construction) 11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group 12. Prince Samuel Adedoyin – Doyin Group (manufacturing, pharmaceuticals)-YORUBA 13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards (Insurance, Security, Technology, Food retailing)-YORUBA 14. Chief Cletus Ibeto – Ibeto Group (Trading, manufacturing, oil & gas)-IGBO 15. Raymond Dokpesi – Daar Communication, AIT, (Entertainment) 16. Tony Ezenna – Orange Group (Pharmaceutical, oil & gas)-IGBO 17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies (Automobiles)-YORUBA 18. Ifeanyi Ubah – Capital oil and gas (Oil & gas)-IGBO 19. Leo Stan Ekeh – Zinox (Computer, technology) IGBO 20. Fola Adeola – GTBank (Banking)-Yoruba 21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars (Auto retailing)-YORUBA 22. Abdulsamad Rabiu – Bua Group (Oil & gas, manufacturing) 23. Folorunsho Alakija – Famfa Oil (Oil & YORUBA gas) 24. High Chief O.B. Lulu Briggs – Moni Pulo (Oil & gas) 25. Hakeem Bello Osagie – Etisalat Nigeria (Telecom) 26. Sani Bello – Amni Petroleum (Oil & gas) 27. Mohammed Indimi – Oriental Petroleum (Oil & gas) 28. Sir Emeka Offor – Chrome Group (Oil & gas, marine)-IGBO 29. Chief Arthur Eze – Atlas Oranto Petroleum (Oil & gas)-IGBO 30. Vincent Amaechi Obianodo – Young Shall Grow Motors, RockView Hotels (Transportation, IGBO[/b] We have more IGBOs in that than Yorubas, the first Yoruba man , Totit, that posted this list here cut the list at 21, to give the Yorubas more numbers, seeing there are more Igbos between 20- 30 of that list. The Yorubas treachery keep astonishing me. 1 Like |
(1) (2) (3) ... (21) (22) (23) (24) (25) (26) (27) ... (32) (Reply)
Is Atiku The Owner Of Tiger Skyscraper Estate In Dubai? - Fact Check / Asari Dokubo's Mansion In Port Harcourt / Rochas Okorocha & His Daughters Uloma Nwosu, Uju Anwuka Inspect Statues In Imo
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 152 |